Ing Belg: 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.
Ing Belg
Largest movements
- Cash +€132,190
up €132,190 (+142%), from €93,366 to €225,556
mainly Net result for the year (+€141,988) and Receivables within one year (+€128,248)
- Receivables within one year -€128,248
down €128,248 (-21.8%), from €587,362 to €459,114
of which Trade receivables: -€138,006
- Tangible fixed assets +€55,674
up €55,674 (+255%), from €21,829 to €77,504
of which Plant, machinery and equipment: +€34,868
- Financial fixed assets +€9,750
up €9,750 (+126%), from €7,760 to €17,510
- Profit (loss) carried forward +€141,988
up €141,988 (+136%), from €104,149 to €246,136
- Tax, wage and social debts -€84,613
down €84,613 (-64.4%), from €131,316 to €46,703
of which Taxes: -€70,748
- Trade debts +€11,992
up €11,992 (+2.5%), from €473,639 to €485,631
- Gross operating margin +€170,477
up €170,477 (+230%), from €74,081 to €244,557
- Taxes +€44,023
up €44,023 (+668%), from €6,590 to €50,613
- Staff costs +€3,350
up €3,350 (+18.6%), from €17,978 to €21,328
- Financial charges +€2,637
up €2,637 (+900%), from €293 to €2,929
- Other operating charges +€2,566
up €2,566 (+27.4%), from €9,357 to €11,923
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 | €710,317 | €779,684 | +€69,367 | +9.8% |
| Fixed assets | 21/28 | €29,589 | €95,014 | +€65,424 | +221% |
| Tangible fixed assets | 22/27 | €21,829 | €77,504 | +€55,674 | +255% |
| Plant, machinery and equipment | 23 | €4,346 | €39,214 | +€34,868 | +802% |
| Furniture and vehicles | 24 | €17,483 | €38,289 | +€20,806 | +119% |
| Financial fixed assets | 28 | €7,760 | €17,510 | +€9,750 | +126% |
| Current assets | 29/58 | €680,728 | €684,670 | +€3,943 | +0.6% |
| Amounts receivable within one year | 40/41 | €587,362 | €459,114 | -€128,248 | -21.8% |
| Trade receivables | 40 | €380,598 | €242,593 | -€138,006 | -36.3% |
| Other amounts receivable | 41 | €206,763 | €216,521 | +€9,758 | +4.7% |
| Cash at bank and in hand | 54/58 | €93,366 | €225,556 | +€132,190 | +142% |
| Total equity and liabilities | 10/49 | €710,317 | €779,684 | +€69,367 | +9.8% |
| Equity | 10/15 | €105,363 | €247,350 | +€141,988 | +135% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €614 | €614 | = | 0.0% |
| Distributable reserves | 133 | €614 | €614 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,149 | €246,136 | +€141,988 | +136% |
| Amounts payable | 17/49 | €604,955 | €532,334 | -€72,621 | -12.0% |
| Amounts payable within one year | 42/48 | €604,955 | €532,334 | -€72,621 | -12.0% |
| Trade debts | 44 | €473,639 | €485,631 | +€11,992 | +2.5% |
| Suppliers | 440/4 | €473,639 | €485,631 | +€11,992 | +2.5% |
| Taxes, remuneration and social security | 45 | €131,316 | €46,703 | -€84,613 | -64.4% |
| Taxes | 450/3 | €114,948 | €44,199 | -€70,748 | -61.5% |
| Remuneration and social security | 454/9 | €16,368 | €2,503 | -€13,864 | -84.7% |
| Remuneration, social security and pensions | 62 | €17,978 | €21,328 | +€3,350 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,555 | €16,039 | +€2,484 | +18.3% |
| Other operating charges | 640/8 | €9,357 | €11,923 | +€2,566 | +27.4% |
| Gross operating margin | 9900 | €74,081 | €244,557 | +€170,477 | +230% |
| Operating profit (loss) | 9901 | €33,191 | €195,268 | +€162,076 | +488% |
| Financial income | 75/76B | €51 | €262 | +€211 | +410% |
| Recurring financial income | 75 | €51 | €262 | +€211 | +410% |
| Financial charges | 65/66B | €293 | €2,929 | +€2,637 | +900% |
| Recurring financial charges | 65 | €293 | €2,929 | +€2,637 | +900% |
| Profit (loss) for the period before taxes | 9903 | €32,950 | €192,601 | +€159,651 | +485% |
| Income taxes | 67/77 | €6,590 | €50,613 | +€44,023 | +668% |
| Profit (loss) for the period | 9904 | €26,360 | €141,988 | +€115,628 | +439% |
| Profit (loss) for the period to be appropriated | 9905 | €26,360 | €141,988 | +€115,628 | +439% |
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 28 October 2026 via checked.be.