Ignix: 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.
Ignix
Largest movements
- Receivables within one year +€648,017
up €648,017 (+30.2%), from €2.1m to €2.8m
of which Trade receivables: +€814,861
- Deferred charges and accrued income +€475,495
up €475,495 (+573.0%), from €82,987 to €558,482
- Cash -€142,645
down €142,645 (-47.9%), from €297,725 to €155,081
mainly Receivables within one year (-€648,017) and Deferred charges and accrued income (-€475,495)
- Tangible fixed assets -€86,596
down €86,596 (-23.6%), from €366,520 to €279,925
of which Leasing and similar rights: -€106,375
- Short-term financial debts +€537,889
up €537,889 (+42.3%), from €1.3m to €1.8m
- Other debts +€260,935
up €260,935 (+120.0%), from €217,520 to €478,454
- Trade debts +€65,665
up €65,665 (+22.6%), from €290,872 to €356,537
- Staff costs +€320,519
up €320,519 (+14.3%), from €2.2m to €2.6m
- Gross operating margin +€303,835
up €303,835 (+10.8%), from €2.8m to €3.1m
- Taxes -€55,314
down €55,314 (-71.1%), from €77,818 to €22,504
- Other operating charges -€46,093
down €46,093 (-78.6%), from €58,617 to €12,524
- Financial charges +€31,945
up €31,945 (+42.1%), from €75,937 to €107,882
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 | €3,351,663 | €4,221,903 | +€870,239 | +26.0% |
| Fixed assets | 21/28 | €416,366 | €341,519 | -€74,847 | -18.0% |
| Intangible fixed assets | 21 | €10,846 | €17,506 | +€6,660 | +61.4% |
| Tangible fixed assets | 22/27 | €366,520 | €279,925 | -€86,596 | -23.6% |
| Plant, machinery and equipment | 23 | €48,763 | €48,762 | -€1 | 0.0% |
| Furniture and vehicles | 24 | €139,950 | €130,619 | -€9,330 | -6.7% |
| Leasing and similar rights | 25 | €160,636 | €54,261 | -€106,375 | -66.2% |
| Other tangible fixed assets | 26 | €11,920 | €46,282 | +€34,362 | +288.3% |
| Assets under construction and advance payments | 27 | €5,252 | €0 | -€5,252 | -100.0% |
| Financial fixed assets | 28 | €39,000 | €44,089 | +€5,089 | +13.0% |
| Current assets | 29/58 | €2,935,297 | €3,880,384 | +€945,086 | +32.2% |
| Stocks and contracts in progress | 3 | €407,053 | €371,272 | -€35,781 | -8.8% |
| Stocks | 30/36 | €407,053 | €371,272 | -€35,781 | -8.8% |
| Amounts receivable within one year | 40/41 | €2,147,532 | €2,795,549 | +€648,017 | +30.2% |
| Trade receivables | 40 | €1,765,097 | €2,579,958 | +€814,861 | +46.2% |
| Other amounts receivable | 41 | €382,435 | €215,591 | -€166,844 | -43.6% |
| Cash at bank and in hand | 54/58 | €297,725 | €155,081 | -€142,645 | -47.9% |
| Deferred charges and accrued income | 490/1 | €82,987 | €558,482 | +€475,495 | +573.0% |
| Total equity and liabilities | 10/49 | €3,351,663 | €4,221,903 | +€870,239 | +26.0% |
| Equity | 10/15 | €1,272,310 | €1,276,534 | +€4,224 | +0.3% |
| Contributions | 10/11 | €185,920 | €185,920 | = | 0.0% |
| Capital | 10 | €185,920 | €185,920 | = | 0.0% |
| Issued capital | 100 | €185,920 | €185,920 | = | 0.0% |
| Reserves | 13 | €1,086,390 | €1,090,614 | +€4,224 | +0.4% |
| Non-distributable reserves | 130/1 | €18,592 | €18,592 | = | 0.0% |
| Legal reserve | 130 | €18,592 | €18,592 | = | 0.0% |
| Distributable reserves | 133 | €1,067,798 | €1,072,022 | +€4,224 | +0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,079,353 | €2,945,369 | +€866,016 | +41.6% |
| Amounts payable after more than one year | 17 | €83,778 | €79,887 | -€3,891 | -4.6% |
| Financial debts | 170/4 | €83,778 | €79,887 | -€3,891 | -4.6% |
| Amounts payable within one year | 42/48 | €1,983,905 | €2,835,212 | +€851,308 | +42.9% |
| Current portion of amounts payable after more than one year | 42 | €124,102 | €82,720 | -€41,382 | -33.3% |
| Financial debts | 43 | €1,271,874 | €1,809,763 | +€537,889 | +42.3% |
| Credit institutions | 430/8 | €1,271,874 | €1,809,763 | +€537,889 | +42.3% |
| Trade debts | 44 | €290,872 | €356,537 | +€65,665 | +22.6% |
| Suppliers | 440/4 | €290,872 | €356,537 | +€65,665 | +22.6% |
| Taxes, remuneration and social security | 45 | €79,536 | €107,738 | +€28,202 | +35.5% |
| Taxes | 450/3 | €5,600 | €28,104 | +€22,504 | +401.9% |
| Remuneration and social security | 454/9 | €73,936 | €79,634 | +€5,698 | +7.7% |
| Other amounts payable | 47/48 | €217,520 | €478,454 | +€260,935 | +120.0% |
| Accrued charges and deferred income | 492/3 | €11,670 | €30,269 | +€18,599 | +159.4% |
| Remuneration, social security and pensions | 62 | €2,238,805 | €2,559,324 | +€320,519 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,889 | €227,896 | -€4,994 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25,595 | €0 | +€25,595 | |
| Other operating charges | 640/8 | €58,617 | €12,524 | -€46,093 | -78.6% |
| Non-recurring operating charges | 66A | - | €14,486 | +€14,486 | |
| Gross operating margin | 9900 | €2,820,655 | €3,124,490 | +€303,835 | +10.8% |
| Operating profit (loss) | 9901 | €315,938 | €310,260 | -€5,678 | -1.8% |
| Financial income | 75/76B | €22,015 | €14,350 | -€7,665 | -34.8% |
| Recurring financial income | 75 | €22,015 | €14,350 | -€7,665 | -34.8% |
| Financial charges | 65/66B | €75,937 | €107,882 | +€31,945 | +42.1% |
| Recurring financial charges | 65 | €75,937 | €107,882 | +€31,945 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €262,016 | €216,728 | -€45,288 | -17.3% |
| Income taxes | 67/77 | €77,818 | €22,504 | -€55,314 | -71.1% |
| Profit (loss) for the period | 9904 | €184,198 | €194,224 | +€10,026 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €184,198 | €194,224 | +€10,026 | +5.4% |
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 3 October 2026 via checked.be.