IGNIS: 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.
IGNIS
Largest movements
- Receivables after one year +€50,000
up €50,000 (+16.7%), from €300,000 to €350,000
- Cash +€19,102
up €19,102 (+68.6%), from €27,846 to €46,948
mainly Net result for the year (+€90,573) and Short-term financial debts (+€74,717)
- Receivables within one year +€14,847
up €14,847 (+12.4%), from €119,309 to €134,156
of which Other amounts receivable: +€15,412
- Reserves +€90,000
up €90,000 (+22.3%), from €403,000 to €493,000
- Debts after one year -€78,942
down €78,942 (-10.2%), from €772,526 to €693,584
of which Financial debts: -€143,110
- Short-term financial debts +€74,717
up €74,717 (+598%), from €12,500 to €87,217
of which Other loans: +€70,000
- Gross operating margin -€10,380
down €10,380 (-18.9%), from €54,787 to €44,407
- Financial income +€6,375
up €6,375 (+9.1%), from €70,285 to €76,660
- Taxes -€1,063
down €1,063 (-12.3%), from €8,618 to €7,556
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 | €1,296,484 | €1,380,434 | +€83,950 | +6.5% |
| Fixed assets | 21/28 | €849,329 | €849,329 | = | 0.0% |
| Financial fixed assets | 28 | €849,329 | €849,329 | = | 0.0% |
| Current assets | 29/58 | €447,155 | €531,105 | +€83,950 | +18.8% |
| Amounts receivable after more than one year | 29 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Other amounts receivable | 291 | €300,000 | €350,000 | +€50,000 | +16.7% |
| Amounts receivable within one year | 40/41 | €119,309 | €134,156 | +€14,847 | +12.4% |
| Trade receivables | 40 | €16,285 | €15,720 | -€565 | -3.5% |
| Other amounts receivable | 41 | €103,024 | €118,436 | +€15,412 | +15.0% |
| Cash at bank and in hand | 54/58 | €27,846 | €46,948 | +€19,102 | +68.6% |
| Total equity and liabilities | 10/49 | €1,296,484 | €1,380,434 | +€83,950 | +6.5% |
| Equity | 10/15 | €413,057 | €503,631 | +€90,573 | +21.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €403,000 | €493,000 | +€90,000 | +22.3% |
| Distributable reserves | 133 | €403,000 | €493,000 | +€90,000 | +22.3% |
| Profit (loss) carried forward | 14 | €5,057 | €5,631 | +€573 | +11.3% |
| Amounts payable | 17/49 | €883,427 | €876,803 | -€6,624 | -0.7% |
| Amounts payable after more than one year | 17 | €772,526 | €693,584 | -€78,942 | -10.2% |
| Financial debts | 170/4 | €149,231 | €6,121 | -€143,110 | -95.9% |
| Other amounts payable | 178/9 | €623,294 | €687,463 | +€64,169 | +10.3% |
| Amounts payable within one year | 42/48 | €90,401 | €165,069 | +€74,668 | +82.6% |
| Current portion of amounts payable after more than one year | 42 | €72,476 | €73,110 | +€634 | +0.9% |
| Financial debts | 43 | €12,500 | €87,217 | +€74,717 | +598% |
| Credit institutions | 430/8 | €12,500 | €17,217 | +€4,717 | +37.7% |
| Other loans | 439 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | €219 | €128 | -€91 | -41.5% |
| Suppliers | 440/4 | €219 | €128 | -€91 | -41.5% |
| Taxes, remuneration and social security | 45 | €5,207 | €4,614 | -€593 | -11.4% |
| Taxes | 450/3 | €5,207 | €4,614 | -€593 | -11.4% |
| Accrued charges and deferred income | 492/3 | €20,500 | €18,150 | -€2,350 | -11.5% |
| Other operating charges | 640/8 | €613 | €628 | +€14 | +2.3% |
| Gross operating margin | 9900 | €54,787 | €44,407 | -€10,380 | -18.9% |
| Operating profit (loss) | 9901 | €54,174 | €43,779 | -€10,395 | -19.2% |
| Financial income | 75/76B | €70,285 | €76,660 | +€6,375 | +9.1% |
| Recurring financial income | 75 | €70,285 | €76,660 | +€6,375 | +9.1% |
| Financial charges | 65/66B | €22,061 | €22,310 | +€249 | +1.1% |
| Recurring financial charges | 65 | €22,061 | €22,310 | +€249 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €102,398 | €98,129 | -€4,269 | -4.2% |
| Income taxes | 67/77 | €8,618 | €7,556 | -€1,063 | -12.3% |
| Profit (loss) for the period | 9904 | €93,779 | €90,573 | -€3,206 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €93,779 | €90,573 | -€3,206 | -3.4% |
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 15 October 2026 via checked.be.