INGA: 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.
What changed
INGA
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€906,764
2024 · -€11.0m+€10.1m
Equity
€18.1m
2024 · €19.0m-€906,764
Cash
€48,313
2024 · €146,265-€97,952
Balance sheet total
€32.1m
2024 · €29.9m+€2.2m
Largest movements
Assets
- Financial fixed assets +€2.4m
up €2.4m (+8.5%), from €28.7m to €31.2m
Equity and liabilities
- Debts after one year +€6.5m
up €6.5m (+105.5%), from €6.2m to €12.7m
- Current portion of long-term debt -€3.0m
down €3.0m (-100.0%), from €3.0m to €0
- Profit (loss) carried forward -€906,764
down €906,764 (-8.2%), from -€11.0m to -€11.9m
- Accrued charges and deferred income -€370,801
down €370,801 (-34.4%), from €1.1m to €707,026
Income statement
- Financial charges -€10.3m
down €10.3m (-94.4%), from €11.0m to €612,271
of which Non-recurring financial charges: -€11.0m
- Financial income +€252,026
up €252,026 (+435.8%), from €57,832 to €309,858
- Turnover -€215,605
down €215,605 (-8.1%), from €2.7m to €2.4m
- Services and other goods +€195,709
up €195,709 (+13.9%), from €1.4m to €1.6m
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.
Result 2024
-€11.0m
Turnover
-€215,605
Other operating income
-€10,933
Goods and materials
-€29
Services and other goods
-€195,709
Staff costs
-€18,025
Depreciation
-€11,936
Other operating charges
-€1,639
Other operating items
-€51,265
Financial income
+€252,026
Financial charges
+€10.3m
Taxes
+€1,115
Result 2025
-€906,764
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.
From operations
-€1.2m
Investment
-€2.5m
Financing
+€3.6m
Cash 2024
€146,265
From operations (derived)
-€1.2m
Net result for the year
-€906,764
Depreciation
+€180,984
Receivables within one year
+€263,323
Deferred charges and accrued income
-€261,369
Smaller working-capital items
-€22,716
Other debts
-€69,955
Accrued charges and deferred income
-€370,801
Investment (derived)
-€2.5m
Investment in fixed assets (net)
-€2.5m
Financing
+€3.6m
Debts after one year
+€6.5m
Current portion of long-term debt
-€3.0m
Contributions, distributions and other
+€0
Not broken down
+€1
Cash 2025
€48,313
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,856,796 | €32,062,364 | +€2.2m | +7.4% |
| Fixed assets | 21/28 | €29,248,015 | €31,553,488 | +€2.3m | +7.9% |
| Intangible fixed assets | 21 | €430,242 | €313,189 | -€117,053 | -27.2% |
| Tangible fixed assets | 22/27 | €103,462 | €84,013 | -€19,450 | -18.8% |
| Plant, machinery and equipment | 23 | €44,447 | €41,588 | -€2,859 | -6.4% |
| Furniture and vehicles | 24 | €59,015 | €42,425 | -€16,591 | -28.1% |
| Financial fixed assets | 28 | €28,714,311 | €31,156,287 | +€2.4m | +8.5% |
| Affiliated companies | 280/1 | €28,714,311 | €31,156,287 | +€2.4m | +8.5% |
| Participating interests | 280 | €25,014,311 | €25,014,311 | +€0 | 0.0% |
| Amounts receivable | 281 | €3,700,000 | €6,141,975 | +€2.4m | +66.0% |
| Current assets | 29/58 | €608,781 | €508,875 | -€99,906 | -16.4% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €392,265 | €128,942 | -€263,323 | -67.1% |
| Trade receivables | 40 | €391,929 | €119,896 | -€272,033 | -69.4% |
| Other amounts receivable | 41 | €337 | €9,046 | +€8,709 | +2584.4% |
| Cash at bank and in hand | 54/58 | €146,265 | €48,313 | -€97,952 | -67.0% |
| Deferred charges and accrued income | 490/1 | €70,251 | €331,620 | +€261,369 | +372.1% |
| Total equity and liabilities | 10/49 | €29,856,796 | €32,062,364 | +€2.2m | +7.4% |
| Equity | 10/15 | €19,016,840 | €18,110,076 | -€906,764 | -4.8% |
| Contributions | 10/11 | €4,085,607 | €4,085,607 | -€0 | 0.0% |
| Capital | 10 | €3,824,217 | €3,824,217 | -€0 | 0.0% |
| Issued capital | 100 | €3,824,217 | €3,824,217 | -€0 | 0.0% |
| Outside capital | 11 | €261,390 | €261,390 | +€0 | 0.0% |
| Share premium | 1100/10 | €261,390 | €261,390 | +€0 | 0.0% |
| Revaluation surpluses | 12 | €20,000,000 | €20,000,000 | = | 0.0% |
| Reserves | 13 | €5,927,210 | €5,927,210 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €382,422 | €382,422 | -€0 | 0.0% |
| Legal reserve | 130 | €382,422 | €382,422 | -€0 | 0.0% |
| Distributable reserves | 133 | €5,544,788 | €5,544,788 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€10,995,977 | -€11,902,741 | -€906,764 | -8.2% |
| Amounts payable | 17/49 | €10,839,956 | €13,952,287 | +€3.1m | +28.7% |
| Amounts payable after more than one year | 17 | €6,203,000 | €12,748,802 | +€6.5m | +105.5% |
| Financial debts | 170/4 | €6,203,000 | €12,748,802 | +€6.5m | +105.5% |
| Subordinated loans | 170 | €0 | €12,748,802 | +€12.7m | |
| Other loans | 174 | €6,203,000 | €0 | -€6.2m | -100.0% |
| Amounts payable within one year | 42/48 | €3,559,130 | €496,459 | -€3.1m | -86.1% |
| Current portion of amounts payable after more than one year | 42 | €2,970,000 | €0 | -€3.0m | -100.0% |
| Trade debts | 44 | €68,485 | €54,461 | -€14,024 | -20.5% |
| Suppliers | 440/4 | €68,485 | €54,461 | -€14,024 | -20.5% |
| Taxes, remuneration and social security | 45 | €332,690 | €323,999 | -€8,691 | -2.6% |
| Taxes | 450/3 | €28,587 | €14,363 | -€14,224 | -49.8% |
| Remuneration and social security | 454/9 | €304,102 | €309,636 | +€5,534 | +1.8% |
| Other amounts payable | 47/48 | €187,955 | €118,000 | -€69,955 | -37.2% |
| Accrued charges and deferred income | 492/3 | €1,077,827 | €707,026 | -€370,801 | -34.4% |
| Operating income | 70/76A | €2,738,097 | €2,460,293 | -€277,804 | -10.1% |
| Turnover | 70 | €2,660,067 | €2,444,462 | -€215,605 | -8.1% |
| Other operating income | 74 | €26,765 | €15,832 | -€10,933 | -40.8% |
| Non-recurring operating income | 76A | €51,265 | €0 | -€51,265 | -100.0% |
| Operating charges | 60/66A | €2,836,234 | €3,063,572 | +€227,338 | +8.0% |
| Goods for resale, raw materials and consumables | 60 | €3 | €32 | +€29 | +963.0% |
| Purchases | 600/8 | €3 | €32 | +€29 | +963.0% |
| Services and other goods | 61 | €1,408,345 | €1,604,054 | +€195,709 | +13.9% |
| Remuneration, social security and pensions | 62 | €1,253,509 | €1,271,534 | +€18,025 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €169,048 | €180,984 | +€11,936 | +7.1% |
| Other operating charges | 640/8 | €5,329 | €6,968 | +€1,639 | +30.8% |
| Operating profit (loss) | 9901 | -€98,137 | -€603,278 | -€505,141 | -514.7% |
| Financial income | 75/76B | €57,832 | €309,858 | +€252,026 | +435.8% |
| Recurring financial income | 75 | €57,832 | €309,858 | +€252,026 | +435.8% |
| Income from financial fixed assets | 750 | €0 | €305,761 | +€305,761 | |
| Income from current assets | 751 | €56,487 | €1,864 | -€54,623 | -96.7% |
| Other financial income | 752/9 | €1,345 | €2,233 | +€888 | +66.0% |
| Financial charges | 65/66B | €10,953,485 | €612,271 | -€10.3m | -94.4% |
| Recurring financial charges | 65 | €3,485 | €612,271 | +€608,786 | +17468.8% |
| Debt charges | 650 | - | €606,868 | +€606,868 | |
| Other financial charges | 652/9 | €3,485 | €5,403 | +€1,918 | +55.0% |
| Non-recurring financial charges | 66B | €10,950,000 | €0 | -€11.0m | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,993,790 | -€905,692 | +€10.1m | +91.8% |
| Income taxes | 67/77 | €2,187 | €1,072 | -€1,115 | -51.0% |
| Taxes | 670/3 | €2,187 | €1,072 | -€1,115 | -51.0% |
| Profit (loss) for the period | 9904 | -€10,995,977 | -€906,764 | +€10.1m | +91.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,995,977 | -€906,764 | +€10.1m | +91.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.