IGNITE: what changed
IGNITE
Largest movements
- Cash -€21,686
down €21,686 (-83.1%), from €26,081 to €4,395
mainly Net result for the year (-€20,184) and Other debts (-€8,190)
- Receivables within one year -€9,316
down €9,316 (-69.4%), from €13,418 to €4,101
of which Trade receivables: -€8,543
- Deferred charges and accrued income -€1,754
down €1,754 (-71.4%), from €2,456 to €701
- Profit (loss) carried forward -€20,184
down €20,184 (-21.0%), from -€95,895 to -€116,079
- Other debts -€8,190
down €8,190 (-16.7%), from €48,982 to €40,791
- Accrued charges and deferred income -€4,567
down €4,567 (-100%), from €4,567 to €0
- Trade debts +€602
up €602 (+383%), from €157 to €759
- Gross operating margin +€27,278
up €27,278 (+60.1%), from -€45,363 to -€18,085
- Financial charges -€1,663
down €1,663 (-51.2%), from €3,248 to €1,585
- Depreciation -€769
down €769 (-100%), from €769 to €0
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,955 | €9,198 | -€32,757 | -78.1% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €41,955 | €9,198 | -€32,757 | -78.1% |
| Amounts receivable within one year | 40/41 | €13,418 | €4,101 | -€9,316 | -69.4% |
| Trade receivables | 40 | €12,556 | €4,014 | -€8,543 | -68.0% |
| Other amounts receivable | 41 | €861 | €88 | -€774 | -89.8% |
| Cash at bank and in hand | 54/58 | €26,081 | €4,395 | -€21,686 | -83.1% |
| Deferred charges and accrued income | 490/1 | €2,456 | €701 | -€1,754 | -71.4% |
| Total equity and liabilities | 10/49 | €41,955 | €9,198 | -€32,757 | -78.1% |
| Equity | 10/15 | -€12,987 | -€33,171 | -€20,184 | -155% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €64,308 | €64,308 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €62,448 | €62,448 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,895 | -€116,079 | -€20,184 | -21.0% |
| Amounts payable | 17/49 | €54,942 | €42,369 | -€12,573 | -22.9% |
| Amounts payable within one year | 42/48 | €50,375 | €42,369 | -€8,005 | -15.9% |
| Trade debts | 44 | €157 | €759 | +€602 | +383% |
| Suppliers | 440/4 | €157 | €759 | +€602 | +383% |
| Taxes, remuneration and social security | 45 | €1,236 | €819 | -€417 | -33.7% |
| Taxes | 450/3 | €1,236 | €819 | -€417 | -33.7% |
| Other amounts payable | 47/48 | €48,982 | €40,791 | -€8,190 | -16.7% |
| Accrued charges and deferred income | 492/3 | €4,567 | €0 | -€4,567 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €769 | €0 | -€769 | -100% |
| Other operating charges | 640/8 | €339 | €305 | -€34 | -10.0% |
| Gross operating margin | 9900 | -€45,363 | -€18,085 | +€27,278 | +60.1% |
| Operating profit (loss) | 9901 | -€46,471 | -€18,390 | +€28,081 | +60.4% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100% |
| Financial charges | 65/66B | €3,248 | €1,585 | -€1,663 | -51.2% |
| Recurring financial charges | 65 | €3,248 | €1,585 | -€1,663 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | -€49,710 | -€19,975 | +€29,735 | +59.8% |
| Income taxes | 67/77 | €215 | €208 | -€7 | -3.2% |
| Profit (loss) for the period | 9904 | -€49,926 | -€20,184 | +€29,742 | +59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,926 | -€20,184 | +€29,742 | +59.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.