IGNIDON: 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.
IGNIDON
Largest movements
- Receivables within one year +€222,890
up €222,890 (+53.2%), from €418,997 to €641,887
of which Trade receivables: +€207,978
- Stocks and contracts +€84,308
up €84,308 (+32.6%), from €258,655 to €342,963
- Cash +€78,528
up €78,528 (+391%), from €20,093 to €98,621
mainly Trade debts (+€370,471) and Net result for the year (+€56,199)
- Trade debts +€370,471
up €370,471 (+113%), from €328,162 to €698,633
- Tax, wage and social debts -€56,713
down €56,713 (-60.4%), from €93,846 to €37,132
of which Taxes: -€56,720
- Reserves +€56,199
up €56,199 (+21.6%), from €260,652 to €316,851
- Advances received +€13,018
up €13,018 (+932%), from €1,398 to €14,416
- Gross operating margin +€20,841
up €20,841 (+28.1%), from €74,142 to €94,983
- Taxes +€6,434
up €6,434 (+62.2%), from €10,343 to €16,778
- Other operating charges -€4,986
down €4,986 (-90.6%), from €5,505 to €520
- Depreciation -€2,656
down €2,656 (-20.2%), from €13,152 to €10,496
- Financial charges +€1,553
up €1,553 (+16.5%), from €9,438 to €10,991
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 | €710,402 | €1,085,632 | +€375,230 | +52.8% |
| Fixed assets | 21/28 | €12,657 | €2,162 | -€10,496 | -82.9% |
| Tangible fixed assets | 22/27 | €12,482 | €1,987 | -€10,496 | -84.1% |
| Plant, machinery and equipment | 23 | €3,840 | €1,987 | -€1,854 | -48.3% |
| Furniture and vehicles | 24 | €8,642 | - | -€8,642 | |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €697,745 | €1,083,471 | +€385,726 | +55.3% |
| Stocks and contracts in progress | 3 | €258,655 | €342,963 | +€84,308 | +32.6% |
| Stocks | 30/36 | €258,655 | €342,963 | +€84,308 | +32.6% |
| Amounts receivable within one year | 40/41 | €418,997 | €641,887 | +€222,890 | +53.2% |
| Trade receivables | 40 | €340,595 | €548,574 | +€207,978 | +61.1% |
| Other amounts receivable | 41 | €78,402 | €93,314 | +€14,912 | +19.0% |
| Cash at bank and in hand | 54/58 | €20,093 | €98,621 | +€78,528 | +391% |
| Total equity and liabilities | 10/49 | €710,402 | €1,085,632 | +€375,230 | +52.8% |
| Equity | 10/15 | €279,252 | €335,451 | +€56,199 | +20.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €260,652 | €316,851 | +€56,199 | +21.6% |
| Distributable reserves | 133 | €260,652 | €316,851 | +€56,199 | +21.6% |
| Amounts payable | 17/49 | €431,150 | €750,181 | +€319,031 | +74.0% |
| Amounts payable within one year | 42/48 | €431,150 | €750,181 | +€319,031 | +74.0% |
| Current portion of amounts payable after more than one year | 42 | €7,745 | - | -€7,745 | |
| Trade debts | 44 | €328,162 | €698,633 | +€370,471 | +113% |
| Suppliers | 440/4 | €328,162 | €698,633 | +€370,471 | +113% |
| Advances received on contracts in progress | 46 | €1,398 | €14,416 | +€13,018 | +932% |
| Taxes, remuneration and social security | 45 | €93,846 | €37,132 | -€56,713 | -60.4% |
| Taxes | 450/3 | €93,832 | €37,112 | -€56,720 | -60.4% |
| Remuneration and social security | 454/9 | €13 | €20 | +€7 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,152 | €10,496 | -€2,656 | -20.2% |
| Other operating charges | 640/8 | €5,505 | €520 | -€4,986 | -90.6% |
| Gross operating margin | 9900 | €74,142 | €94,983 | +€20,841 | +28.1% |
| Operating profit (loss) | 9901 | €55,485 | €83,968 | +€28,483 | +51.3% |
| Financial charges | 65/66B | €9,438 | €10,991 | +€1,553 | +16.5% |
| Recurring financial charges | 65 | €9,438 | €10,991 | +€1,553 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €46,047 | €72,977 | +€26,930 | +58.5% |
| Income taxes | 67/77 | €10,343 | €16,778 | +€6,434 | +62.2% |
| Profit (loss) for the period | 9904 | €35,704 | €56,199 | +€20,495 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €35,704 | €56,199 | +€20,495 | +57.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.