IGNAZIO: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
IGNAZIO
Largest movements
- Receivables within one year +€3,159
up €3,159 (+334.6%), from €944 to €4,103
- Cash +€2,679
up €2,679 (+186.6%), from €1,436 to €4,115
mainly Net result for the year (+€12,761) and Stocks and contracts (+€150)
- Stocks and contracts -€150
down €150 (-65.2%), from €230 to €80
- Tangible fixed assets -€135
down €135 (-12.7%), from €1,063 to €928
of which Other tangible fixed assets: -€110
- Profit (loss) carried forward +€12,761
up €12,761 (+27.1%), from -€47,070 to -€34,309
- Trade debts -€3,810
down €3,810 (-40.3%), from €9,456 to €5,646
- Tax, wage and social debts -€1,828
down €1,828 (-46.9%), from €3,895 to €2,067
of which Taxes: -€1,656
- Other debts -€1,570
down €1,570 (-7.4%), from €21,292 to €19,722
- Gross operating margin +€6,847
up €6,847 (+85.8%), from €7,978 to €14,825
- Staff costs -€3,203
down €3,203 (-75.5%), from €4,244 to €1,041
- Financial charges -€595
down €595 (-56.0%), from €1,062 to €467
- Other operating charges -€397
down €397 (-48.5%), from €818 to €421
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,773 | €9,326 | +€5,553 | +147.2% |
| Fixed assets | 21/28 | €1,163 | €1,028 | -€135 | -11.6% |
| Tangible fixed assets | 22/27 | €1,063 | €928 | -€135 | -12.7% |
| Furniture and vehicles | 24 | €25 | - | -€25 | |
| Other tangible fixed assets | 26 | €1,038 | €928 | -€110 | -10.6% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €2,610 | €8,298 | +€5,688 | +217.9% |
| Stocks and contracts in progress | 3 | €230 | €80 | -€150 | -65.2% |
| Stocks | 30/36 | €230 | €80 | -€150 | -65.2% |
| Amounts receivable within one year | 40/41 | €944 | €4,103 | +€3,159 | +334.6% |
| Trade receivables | 40 | €944 | €4,103 | +€3,159 | +334.6% |
| Cash at bank and in hand | 54/58 | €1,436 | €4,115 | +€2,679 | +186.6% |
| Total equity and liabilities | 10/49 | €3,773 | €9,326 | +€5,553 | +147.2% |
| Equity | 10/15 | -€30,870 | -€18,109 | +€12,761 | +41.3% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Capital | 10 | €16,200 | €16,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €2,400 | €2,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,070 | -€34,309 | +€12,761 | +27.1% |
| Amounts payable | 17/49 | €34,643 | €27,435 | -€7,208 | -20.8% |
| Amounts payable within one year | 42/48 | €34,643 | €27,435 | -€7,208 | -20.8% |
| Trade debts | 44 | €9,456 | €5,646 | -€3,810 | -40.3% |
| Suppliers | 440/4 | €9,456 | €5,646 | -€3,810 | -40.3% |
| Taxes, remuneration and social security | 45 | €3,895 | €2,067 | -€1,828 | -46.9% |
| Taxes | 450/3 | €3,623 | €1,967 | -€1,656 | -45.7% |
| Remuneration and social security | 454/9 | €272 | €100 | -€172 | -63.2% |
| Other amounts payable | 47/48 | €21,292 | €19,722 | -€1,570 | -7.4% |
| Remuneration, social security and pensions | 62 | €4,244 | €1,041 | -€3,203 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144 | €135 | -€9 | -6.3% |
| Other operating charges | 640/8 | €818 | €421 | -€397 | -48.5% |
| Gross operating margin | 9900 | €7,978 | €14,825 | +€6,847 | +85.8% |
| Operating profit (loss) | 9901 | €2,772 | €13,228 | +€10,456 | +377.2% |
| Financial charges | 65/66B | €1,062 | €467 | -€595 | -56.0% |
| Recurring financial charges | 65 | €1,062 | €467 | -€595 | -56.0% |
| Profit (loss) for the period before taxes | 9903 | €1,710 | €12,761 | +€11,051 | +646.3% |
| Profit (loss) for the period | 9904 | €1,710 | €12,761 | +€11,051 | +646.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,710 | €12,761 | +€11,051 | +646.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.