IGNITY: 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.
IGNITY
Largest movements
- Receivables within one year -€382,908
down €382,908 (-19.7%), from €1.9m to €1.6m
of which Other amounts receivable: -€553,063
- Cash +€352,910
up €352,910 (+36.7%), from €961,237 to €1.3m
mainly Receivables within one year (+€382,908) and Accrued charges and deferred income (+€338,946)
- Tangible fixed assets -€141,620
down €141,620 (-5.3%), from €2.7m to €2.5m
of which Leasing and similar rights: -€144,115
- Current investments -€90,926
down €90,926 (-5.6%), from €1.6m to €1.5m
- Profit (loss) carried forward -€486,677
down €486,677 (-207%), from -€235,210 to -€721,888
- Accrued charges and deferred income +€338,946
up €338,946 (+144%), from €234,856 to €573,802
- Debts after one year -€133,333
down €133,333 (-5.4%), from €2.5m to €2.4m
- Gross operating margin -€225,568
down €225,568 (-32.3%), from €698,014 to €472,445
- Financial income +€56,756
up €56,756 (+1,072%), from €5,295 to €62,051
of which Non-recurring financial income: +€47,500
- Staff costs +€49,606
up €49,606 (+8.0%), from €620,687 to €670,293
- Other operating charges +€10,797
up €10,797 (+414%), from €2,607 to €13,404
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 | €7,300,790 | €7,013,733 | -€287,057 | -3.9% |
| Fixed assets | 21/28 | €2,743,864 | €2,582,074 | -€161,791 | -5.9% |
| Intangible fixed assets | 21 | €58,411 | €46,143 | -€12,267 | -21.0% |
| Tangible fixed assets | 22/27 | €2,674,410 | €2,532,789 | -€141,620 | -5.3% |
| Land and buildings | 22 | €31,976 | €32,325 | +€350 | +1.1% |
| Plant, machinery and equipment | 23 | €700 | €555 | -€145 | -20.7% |
| Furniture and vehicles | 24 | €9,933 | €12,223 | +€2,290 | +23.1% |
| Leasing and similar rights | 25 | €2,631,801 | €2,487,686 | -€144,115 | -5.5% |
| Financial fixed assets | 28 | €11,044 | €3,141 | -€7,903 | -71.6% |
| Current assets | 29/58 | €4,556,926 | €4,431,659 | -€125,266 | -2.7% |
| Amounts receivable within one year | 40/41 | €1,946,839 | €1,563,930 | -€382,908 | -19.7% |
| Trade receivables | 40 | €194,981 | €365,135 | +€170,154 | +87.3% |
| Other amounts receivable | 41 | €1,751,857 | €1,198,795 | -€553,063 | -31.6% |
| Current investments | 50/53 | €1,627,048 | €1,536,122 | -€90,926 | -5.6% |
| Cash at bank and in hand | 54/58 | €961,237 | €1,314,147 | +€352,910 | +36.7% |
| Deferred charges and accrued income | 490/1 | €21,802 | €17,461 | -€4,342 | -19.9% |
| Total equity and liabilities | 10/49 | €7,300,790 | €7,013,733 | -€287,057 | -3.9% |
| Equity | 10/15 | €3,915,399 | €3,428,721 | -€486,677 | -12.4% |
| Contributions | 10/11 | €4,150,609 | €4,150,609 | = | 0.0% |
| Capital | 10 | €4,150,609 | €4,150,609 | = | 0.0% |
| Issued capital | 100 | €4,150,609 | €4,150,609 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€235,210 | -€721,888 | -€486,677 | -207% |
| Amounts payable | 17/49 | €3,385,391 | €3,585,012 | +€199,621 | +5.9% |
| Amounts payable after more than one year | 17 | €2,487,671 | €2,354,338 | -€133,333 | -5.4% |
| Financial debts | 170/4 | €2,487,671 | €2,354,338 | -€133,333 | -5.4% |
| Amounts payable within one year | 42/48 | €662,863 | €656,872 | -€5,992 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €144,156 | €133,333 | -€10,823 | -7.5% |
| Trade debts | 44 | €353,918 | €396,459 | +€42,541 | +12.0% |
| Suppliers | 440/4 | €353,918 | €396,459 | +€42,541 | +12.0% |
| Taxes, remuneration and social security | 45 | €57,519 | €80,628 | +€23,109 | +40.2% |
| Taxes | 450/3 | €1,520 | €37,068 | +€35,548 | +2,338% |
| Remuneration and social security | 454/9 | €55,998 | €43,560 | -€12,438 | -22.2% |
| Other amounts payable | 47/48 | €107,271 | €46,451 | -€60,820 | -56.7% |
| Accrued charges and deferred income | 492/3 | €234,856 | €573,802 | +€338,946 | +144% |
| Remuneration, social security and pensions | 62 | €620,687 | €670,293 | +€49,606 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €183,766 | €182,665 | -€1,101 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | €2,150 | -€850 | -28.3% |
| Other operating charges | 640/8 | €2,607 | €13,404 | +€10,797 | +414% |
| Non-recurring operating charges | 66A | €41,714 | €146,845 | +€105,130 | +252% |
| Gross operating margin | 9900 | €698,014 | €472,445 | -€225,568 | -32.3% |
| Operating profit (loss) | 9901 | -€153,760 | -€542,912 | -€389,151 | -253% |
| Financial income | 75/76B | €5,295 | €62,051 | +€56,756 | +1,072% |
| Recurring financial income | 75 | €5,295 | €14,551 | +€9,256 | +175% |
| Non-recurring financial income | 76B | - | €47,500 | +€47,500 | |
| Financial charges | 65/66B | €888 | €1,335 | +€447 | +50.4% |
| Recurring financial charges | 65 | €888 | €1,335 | +€447 | +50.4% |
| Profit (loss) for the period before taxes | 9903 | -€149,353 | -€482,195 | -€332,842 | -223% |
| Income taxes | 67/77 | €760 | €4,482 | +€3,722 | +490% |
| Profit (loss) for the period | 9904 | -€150,113 | -€486,677 | -€336,564 | -224% |
| Profit (loss) for the period to be appropriated | 9905 | -€150,113 | -€486,677 | -€336,564 | -224% |
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.