IGNITUM: 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.
IGNITUM
Largest movements
- Current investments -€83,000
down €83,000 (-100.0%), from €83,000 to €0
- Cash +€32,918
up €32,918 (+61.4%), from €53,579 to €86,497
mainly Current investments (+€83,000) and Net result for the year (+€18,824)
- Tangible fixed assets +€30,289
up €30,289 (+672.3%), from €4,505 to €34,795
of which Furniture and vehicles: +€30,759
- Receivables within one year +€2,754
up €2,754 (+37.3%), from €7,387 to €10,141
of which Trade receivables: +€5,086
- Other debts -€25,363
down €25,363 (-53.2%), from €47,631 to €22,268
- Tax, wage and social debts +€8,051
up €8,051 (+109.0%), from €7,388 to €15,438
- Trade debts +€4,014
up €4,014 (+442.1%), from €908 to €4,922
- Reserves -€3,443
down €3,443 (-3.7%), from €92,532 to €89,089
- Gross operating margin +€13,815
up €13,815 (+84.0%), from €16,441 to €30,256
- Taxes +€4,950
up €4,950 (+87.6%), from €5,650 to €10,600
- Financial income +€2,271
up €2,271 (+436821.2%), from €1 to €2,272
- Depreciation +€1,131
up €1,131 (+87.1%), from €1,299 to €2,431
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 | €149,458 | €132,717 | -€16,742 | -11.2% |
| Fixed assets | 21/28 | €4,505 | €34,795 | +€30,289 | +672.3% |
| Tangible fixed assets | 22/27 | €4,505 | €34,795 | +€30,289 | +672.3% |
| Furniture and vehicles | 24 | €1,971 | €32,730 | +€30,759 | +1560.2% |
| Other tangible fixed assets | 26 | €2,534 | €2,065 | -€469 | -18.5% |
| Current assets | 29/58 | €144,953 | €97,922 | -€47,031 | -32.4% |
| Amounts receivable within one year | 40/41 | €7,387 | €10,141 | +€2,754 | +37.3% |
| Trade receivables | 40 | €4,837 | €9,924 | +€5,086 | +105.1% |
| Other amounts receivable | 41 | €2,549 | €217 | -€2,332 | -91.5% |
| Current investments | 50/53 | €83,000 | €0 | -€83,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €53,579 | €86,497 | +€32,918 | +61.4% |
| Deferred charges and accrued income | 490/1 | €988 | €1,284 | +€296 | +30.0% |
| Total equity and liabilities | 10/49 | €149,458 | €132,717 | -€16,742 | -11.2% |
| Equity | 10/15 | €93,532 | €90,089 | -€3,443 | -3.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €92,532 | €89,089 | -€3,443 | -3.7% |
| Distributable reserves | 133 | €92,532 | €89,089 | -€3,443 | -3.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,926 | €42,628 | -€13,298 | -23.8% |
| Amounts payable within one year | 42/48 | €55,926 | €42,628 | -€13,298 | -23.8% |
| Trade debts | 44 | €908 | €4,922 | +€4,014 | +442.1% |
| Suppliers | 440/4 | €908 | €4,922 | +€4,014 | +442.1% |
| Taxes, remuneration and social security | 45 | €7,388 | €15,438 | +€8,051 | +109.0% |
| Taxes | 450/3 | €7,388 | €15,438 | +€8,051 | +109.0% |
| Other amounts payable | 47/48 | €47,631 | €22,268 | -€25,363 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,299 | €2,431 | +€1,131 | +87.1% |
| Other operating charges | 640/8 | €916 | €643 | -€272 | -29.7% |
| Gross operating margin | 9900 | €16,441 | €30,256 | +€13,815 | +84.0% |
| Operating profit (loss) | 9901 | €14,226 | €27,182 | +€12,956 | +91.1% |
| Financial income | 75/76B | €1 | €2,272 | +€2,271 | +436821.2% |
| Recurring financial income | 75 | €1 | €2,272 | +€2,271 | +436821.2% |
| Financial charges | 65/66B | €0 | €29 | +€29 | +292000.0% |
| Recurring financial charges | 65 | €0 | €29 | +€29 | +292000.0% |
| Profit (loss) for the period before taxes | 9903 | €14,227 | €29,425 | +€15,198 | +106.8% |
| Income taxes | 67/77 | €5,650 | €10,600 | +€4,950 | +87.6% |
| Profit (loss) for the period | 9904 | €8,577 | €18,824 | +€10,248 | +119.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,577 | €18,824 | +€10,248 | +119.5% |
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 29 September 2026 via checked.be.