Ing-CT: 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-CT
Largest movements
- Tangible fixed assets +€148,663
up €148,663 (+44,068%), from €337 to €149,000
of which Land and buildings: +€149,000
- Receivables within one year -€26,093
down €26,093 (-69.7%), from €37,410 to €11,317
of which Trade receivables: -€32,581
- Stocks and contracts +€11,356
new in 2025: €11,356
- Cash -€5,837
down €5,837 (-5.8%), from €100,652 to €94,815
mainly Investment in fixed assets (net) (-€166,983) and Tax, wage and social debts (-€16,720)
- Debts after one year +€100,083
new in 2025: €100,083
- Reserves +€29,984
up €29,984 (+29.0%), from €103,468 to €133,453
- Tax, wage and social debts -€16,720
down €16,720 (-64.9%), from €25,750 to €9,031
- Current portion of long-term debt +€10,552
new in 2025: €10,552
- Other debts +€5,485
up €5,485 (+109%), from €5,050 to €10,535
- Depreciation +€17,758
up €17,758 (+3,158%), from €562 to €18,321
- Gross operating margin +€8,333
up €8,333 (+11.6%), from €72,022 to €80,355
- Taxes -€6,739
down €6,739 (-44.1%), from €15,289 to €8,550
- Financial charges +€5,680
up €5,680 (+613%), from €926 to €6,606
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 | €138,649 | €266,738 | +€128,089 | +92.4% |
| Fixed assets | 21/28 | €587 | €149,250 | +€148,663 | +25,311% |
| Tangible fixed assets | 22/27 | €337 | €149,000 | +€148,663 | +44,068% |
| Land and buildings | 22 | - | €149,000 | +€149,000 | |
| Furniture and vehicles | 24 | €337 | - | -€337 | |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €138,062 | €117,488 | -€20,573 | -14.9% |
| Stocks and contracts in progress | 3 | - | €11,356 | +€11,356 | |
| Contracts in progress | 37 | - | €11,356 | +€11,356 | |
| Amounts receivable within one year | 40/41 | €37,410 | €11,317 | -€26,093 | -69.7% |
| Trade receivables | 40 | €37,350 | €4,769 | -€32,581 | -87.2% |
| Other amounts receivable | 41 | €59 | €6,548 | +€6,488 | +10,925% |
| Cash at bank and in hand | 54/58 | €100,652 | €94,815 | -€5,837 | -5.8% |
| Total equity and liabilities | 10/49 | €138,649 | €266,738 | +€128,089 | +92.4% |
| Equity | 10/15 | €105,968 | €135,953 | +€29,984 | +28.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €103,468 | €133,453 | +€29,984 | +29.0% |
| Distributable reserves | 133 | €103,468 | €133,453 | +€29,984 | +29.0% |
| Amounts payable | 17/49 | €32,681 | €130,785 | +€98,105 | +300% |
| Amounts payable after more than one year | 17 | - | €100,083 | +€100,083 | |
| Financial debts | 170/4 | - | €100,083 | +€100,083 | |
| Amounts payable within one year | 42/48 | €32,444 | €30,181 | -€2,263 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,552 | +€10,552 | |
| Trade debts | 44 | €1,644 | €63 | -€1,580 | -96.2% |
| Suppliers | 440/4 | €1,644 | €63 | -€1,580 | -96.2% |
| Taxes, remuneration and social security | 45 | €25,750 | €9,031 | -€16,720 | -64.9% |
| Taxes | 450/3 | €25,750 | €9,031 | -€16,720 | -64.9% |
| Other amounts payable | 47/48 | €5,050 | €10,535 | +€5,485 | +109% |
| Accrued charges and deferred income | 492/3 | €237 | €521 | +€285 | +120% |
| Remuneration, social security and pensions | 62 | €16,247 | €16,180 | -€68 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €562 | €18,321 | +€17,758 | +3,158% |
| Other operating charges | 640/8 | €293 | €987 | +€694 | +237% |
| Gross operating margin | 9900 | €72,022 | €80,355 | +€8,333 | +11.6% |
| Operating profit (loss) | 9901 | €54,919 | €44,868 | -€10,051 | -18.3% |
| Financial income | 75/76B | €330 | €273 | -€57 | -17.4% |
| Recurring financial income | 75 | €330 | €273 | -€57 | -17.4% |
| Financial charges | 65/66B | €926 | €6,606 | +€5,680 | +613% |
| Recurring financial charges | 65 | €926 | €6,606 | +€5,680 | +613% |
| Profit (loss) for the period before taxes | 9903 | €54,323 | €38,535 | -€15,789 | -29.1% |
| Income taxes | 67/77 | €15,289 | €8,550 | -€6,739 | -44.1% |
| Profit (loss) for the period | 9904 | €39,034 | €29,984 | -€9,050 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,034 | €29,984 | -€9,050 | -23.2% |
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 16 October 2026 via checked.be.