Igneos: what changed
Two financial 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.
Igneos
Largest movements
- Receivables within one year -€83,890
down €83,890 (-48.6%), from €172,651 to €88,761
of which Trade receivables: -€83,978
- Cash -€32,583
down €32,583 (-32.8%), from €99,344 to €66,761
mainly Trade debts (-€100,068) and Tax, wage and social debts (-€17,423)
- Trade debts -€100,068
down €100,068 (-68.4%), from €146,289 to €46,221
- Tax, wage and social debts -€17,423
down €17,423 (-49.7%), from €35,058 to €17,635
of which Taxes: -€19,087
- Gross operating margin -€20,435
down €20,435 (-13.2%), from €154,784 to €134,349
- Staff costs +€18,300
up €18,300 (+16.3%), from €112,389 to €130,688
- Taxes -€8,835
down €8,835 (-81.1%), from €10,889 to €2,054
- Other operating charges -€2,497
down €2,497 (-86.6%), from €2,884 to €387
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.
Derived cash bridge
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 | €292,702 | €174,688 | -€118,014 | -40.3% |
| Fixed assets | 21/28 | €14,520 | €12,749 | -€1,771 | -12.2% |
| Intangible fixed assets | 21 | €1,495 | €1,125 | -€370 | -24.7% |
| Tangible fixed assets | 22/27 | €3,095 | €1,694 | -€1,401 | -45.3% |
| Furniture and vehicles | 24 | €3,095 | €1,694 | -€1,401 | -45.3% |
| Financial fixed assets | 28 | €9,930 | €9,930 | = | 0.0% |
| Current assets | 29/58 | €278,182 | €161,940 | -€116,242 | -41.8% |
| Amounts receivable within one year | 40/41 | €172,651 | €88,761 | -€83,890 | -48.6% |
| Trade receivables | 40 | €172,023 | €88,046 | -€83,978 | -48.8% |
| Other amounts receivable | 41 | €627 | €716 | +€88 | +14.1% |
| Cash at bank and in hand | 54/58 | €99,344 | €66,761 | -€32,583 | -32.8% |
| Deferred charges and accrued income | 490/1 | €6,187 | €6,418 | +€231 | +3.7% |
| Total equity and liabilities | 10/49 | €292,702 | €174,688 | -€118,014 | -40.3% |
| Equity | 10/15 | €111,163 | €110,641 | -€522 | -0.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €71,860 | €71,860 | = | 0.0% |
| Distributable reserves | 133 | €71,860 | €71,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,103 | €32,581 | -€522 | -1.6% |
| Amounts payable | 17/49 | €181,539 | €64,047 | -€117,492 | -64.7% |
| Amounts payable within one year | 42/48 | €181,347 | €63,855 | -€117,492 | -64.8% |
| Trade debts | 44 | €146,289 | €46,221 | -€100,068 | -68.4% |
| Suppliers | 440/4 | €146,289 | €46,221 | -€100,068 | -68.4% |
| Taxes, remuneration and social security | 45 | €35,058 | €17,635 | -€17,423 | -49.7% |
| Taxes | 450/3 | €22,884 | €3,798 | -€19,087 | -83.4% |
| Remuneration and social security | 454/9 | €12,174 | €13,837 | +€1,663 | +13.7% |
| Accrued charges and deferred income | 492/3 | €192 | €192 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €112,389 | €130,688 | +€18,300 | +16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,209 | €1,771 | +€563 | +46.5% |
| Other operating charges | 640/8 | €2,884 | €387 | -€2,497 | -86.6% |
| Gross operating margin | 9900 | €154,784 | €134,349 | -€20,435 | -13.2% |
| Operating profit (loss) | 9901 | €38,302 | €1,502 | -€36,800 | -96.1% |
| Financial income | 75/76B | €225 | €430 | +€205 | +90.8% |
| Recurring financial income | 75 | €225 | €430 | +€205 | +90.8% |
| Financial charges | 65/66B | €311 | €400 | +€89 | +28.6% |
| Recurring financial charges | 65 | €311 | €400 | +€89 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €38,216 | €1,532 | -€36,685 | -96.0% |
| Income taxes | 67/77 | €10,889 | €2,054 | -€8,835 | -81.1% |
| Profit (loss) for the period | 9904 | €27,327 | -€522 | -€27,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €27,327 | -€522 | -€27,850 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.