IGNUS: 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.
IGNUS
Largest movements
- Cash +€42,736
up €42,736 (+14.9%), from €287,761 to €330,497
mainly Net result for the year (+€63,892) and Depreciation (+€7,709)
- Receivables within one year +€13,291
up €13,291 (+32.8%), from €40,469 to €53,760
of which Trade receivables: +€11,851
- Tangible fixed assets -€4,466
down €4,466 (-15.3%), from €29,184 to €24,718
of which Other tangible fixed assets: -€2,887
- Reserves +€62,260
up €62,260 (+24.2%), from €257,644 to €319,904
- Other debts -€11,692
down €11,692 (-26.3%), from €44,502 to €32,810
- Gross operating margin -€3,818
down €3,818 (-3.6%), from €104,747 to €100,929
- Financial income -€1,709
down €1,709 (-96.2%), from €1,777 to €68
- Financial charges -€1,248
down €1,248 (-25.4%), from €4,919 to €3,670
of which Financial charges: -€1,139
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,586 | €411,324 | +€51,739 | +14.4% |
| Fixed assets | 21/28 | €29,184 | €24,718 | -€4,466 | -15.3% |
| Tangible fixed assets | 22/27 | €29,184 | €24,718 | -€4,466 | -15.3% |
| Plant, machinery and equipment | 23 | €541 | €333 | -€209 | -38.5% |
| Furniture and vehicles | 24 | €7,917 | €6,547 | -€1,370 | -17.3% |
| Other tangible fixed assets | 26 | €20,726 | €17,838 | -€2,887 | -13.9% |
| Current assets | 29/58 | €330,402 | €386,607 | +€56,205 | +17.0% |
| Stocks and contracts in progress | 3 | €710 | €873 | +€163 | +22.9% |
| Stocks | 30/36 | €710 | €873 | +€163 | +22.9% |
| Amounts receivable within one year | 40/41 | €40,469 | €53,760 | +€13,291 | +32.8% |
| Trade receivables | 40 | €40,469 | €52,320 | +€11,851 | +29.3% |
| Other amounts receivable | 41 | - | €1,439 | +€1,439 | |
| Cash at bank and in hand | 54/58 | €287,761 | €330,497 | +€42,736 | +14.9% |
| Deferred charges and accrued income | 490/1 | €1,462 | €1,477 | +€15 | +1.0% |
| Total equity and liabilities | 10/49 | €359,586 | €411,324 | +€51,739 | +14.4% |
| Equity | 10/15 | €276,244 | €338,504 | +€62,260 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €257,644 | €319,904 | +€62,260 | +24.2% |
| Distributable reserves | 133 | €257,644 | €319,904 | +€62,260 | +24.2% |
| Amounts payable | 17/49 | €83,342 | €72,820 | -€10,522 | -12.6% |
| Amounts payable within one year | 42/48 | €83,342 | €72,820 | -€10,522 | -12.6% |
| Trade debts | 44 | €3,788 | €2,325 | -€1,463 | -38.6% |
| Suppliers | 440/4 | €3,788 | €2,325 | -€1,463 | -38.6% |
| Taxes, remuneration and social security | 45 | €35,052 | €37,685 | +€2,633 | +7.5% |
| Taxes | 450/3 | €13,052 | €11,285 | -€1,767 | -13.5% |
| Remuneration and social security | 454/9 | €22,000 | €26,400 | +€4,400 | +20.0% |
| Other amounts payable | 47/48 | €44,502 | €32,810 | -€11,692 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,705 | €7,709 | +€3 | 0.0% |
| Other operating charges | 640/8 | €767 | €1,144 | +€378 | +49.2% |
| Gross operating margin | 9900 | €104,747 | €100,929 | -€3,818 | -3.6% |
| Operating profit (loss) | 9901 | €96,275 | €92,076 | -€4,199 | -4.4% |
| Financial income | 75/76B | €1,777 | €68 | -€1,709 | -96.2% |
| Recurring financial income | 75 | €1,777 | €68 | -€1,709 | -96.2% |
| Financial charges | 65/66B | €4,919 | €3,670 | -€1,248 | -25.4% |
| Recurring financial charges | 65 | €4,809 | €3,670 | -€1,139 | -23.7% |
| Non-recurring financial charges | 66B | €110 | - | -€110 | |
| Profit (loss) for the period before taxes | 9903 | €93,134 | €88,473 | -€4,660 | -5.0% |
| Income taxes | 67/77 | €24,088 | €24,581 | +€493 | +2.0% |
| Profit (loss) for the period | 9904 | €69,046 | €63,892 | -€5,153 | -7.5% |
| Profit (loss) for the period to be appropriated | 9905 | €69,046 | €63,892 | -€5,153 | -7.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.