IGNISHOT: 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.
IGNISHOT
Largest movements
- Cash -€52,170
down €52,170 (-30.9%), from €169,009 to €116,839
mainly Investment in fixed assets (net) (-€46,651) and Other debts (-€29,247)
- Tangible fixed assets +€33,787
up €33,787 (+86.9%), from €38,872 to €72,659
of which Other tangible fixed assets: +€54,579
- Other debts -€29,247
down €29,247 (-98.6%), from €29,663 to €416
- Profit (loss) carried forward +€15,943
up €15,943 (+9.5%), from €168,608 to €184,551
- Tax, wage and social debts -€5,749
down €5,749 (-41.3%), from €13,926 to €8,178
- Gross operating margin -€19,798
down €19,798 (-24.1%), from €82,240 to €62,442
- Financial charges +€11,561
up €11,561 (+715.5%), from €1,616 to €13,177
- Depreciation +€5,133
up €5,133 (+66.4%), from €7,731 to €12,864
- Taxes -€4,822
down €4,822 (-96.4%), from €5,001 to €179
- Financial income -€3,739
down €3,739 (-94.4%), from €3,960 to €222
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 | €334,620 | €317,249 | -€17,371 | -5.2% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €154,872 | €188,659 | +€33,787 | +21.8% |
| Tangible fixed assets | 22/27 | €38,872 | €72,659 | +€33,787 | +86.9% |
| Furniture and vehicles | 24 | €38,872 | €18,080 | -€20,793 | -53.5% |
| Other tangible fixed assets | 26 | - | €54,579 | +€54,579 | |
| Financial fixed assets | 28 | €116,000 | €116,000 | = | 0.0% |
| Current assets | 29/58 | €179,747 | €128,590 | -€51,157 | -28.5% |
| Amounts receivable within one year | 40/41 | €10,420 | €10,405 | -€15 | -0.1% |
| Trade receivables | 40 | €9,898 | €1,946 | -€7,953 | -80.3% |
| Other amounts receivable | 41 | €521 | €8,459 | +€7,937 | +1522.2% |
| Cash at bank and in hand | 54/58 | €169,009 | €116,839 | -€52,170 | -30.9% |
| Deferred charges and accrued income | 490/1 | €319 | €1,346 | +€1,028 | +322.4% |
| Total equity and liabilities | 10/49 | €334,620 | €317,249 | -€17,371 | -5.2% |
| Equity | 10/15 | €289,607 | €305,550 | +€15,943 | +5.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €115,999 | €115,999 | = | 0.0% |
| Profit (loss) carried forward | 14 | €168,608 | €184,551 | +€15,943 | +9.5% |
| Amounts payable | 17/49 | €45,013 | €11,699 | -€33,314 | -74.0% |
| Amounts payable within one year | 42/48 | €45,013 | €11,699 | -€33,314 | -74.0% |
| Trade debts | 44 | €1,423 | €3,105 | +€1,682 | +118.2% |
| Suppliers | 440/4 | €1,423 | €3,105 | +€1,682 | +118.2% |
| Taxes, remuneration and social security | 45 | €13,926 | €8,178 | -€5,749 | -41.3% |
| Taxes | 450/3 | €13,926 | €8,178 | -€5,749 | -41.3% |
| Other amounts payable | 47/48 | €29,663 | €416 | -€29,247 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,731 | €12,864 | +€5,133 | +66.4% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €82,240 | €62,442 | -€19,798 | -24.1% |
| Operating profit (loss) | 9901 | €74,122 | €49,578 | -€24,545 | -33.1% |
| Financial income | 75/76B | €3,960 | €222 | -€3,739 | -94.4% |
| Recurring financial income | 75 | €3,960 | €222 | -€3,739 | -94.4% |
| Financial charges | 65/66B | €1,616 | €13,177 | +€11,561 | +715.5% |
| Recurring financial charges | 65 | €1,616 | €13,177 | +€11,561 | +715.5% |
| Profit (loss) for the period before taxes | 9903 | €76,467 | €36,622 | -€39,845 | -52.1% |
| Income taxes | 67/77 | €5,001 | €179 | -€4,822 | -96.4% |
| Profit (loss) for the period | 9904 | €71,466 | €36,443 | -€35,023 | -49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,466 | €36,443 | -€35,023 | -49.0% |
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 6 October 2026 via checked.be.