INGAMAR: 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.
INGAMAR
Largest movements
- Tangible fixed assets -€37,810
down €37,810 (-8.9%), from €424,759 to €386,949
of which Other tangible fixed assets: -€27,982
- Current investments -€35,000
no longer reported in 2025 (was €35,000)
- Cash +€30,433
up €30,433 (+29.5%), from €103,240 to €133,673
mainly Depreciation (+€40,550) and Current investments (+€35,000)
- Deferred charges and accrued income +€6,447
up €6,447 (+257.4%), from €2,505 to €8,953
- Other debts -€20,047
down €20,047 (-10.0%), from €201,234 to €181,188
- Current portion of long-term debt -€16,667
no longer reported in 2025 (was €16,667)
- Trade debts +€12,778
up €12,778 (+866.1%), from €1,475 to €14,253
- Gross operating margin -€7,333
down €7,333 (-10.0%), from €73,564 to €66,231
- Taxes -€1,760
down €1,760 (-47.8%), from €3,681 to €1,922
- Other operating charges +€1,012
up €1,012 (+6.6%), from €15,441 to €16,453
- Depreciation -€916
down €916 (-2.2%), from €41,466 to €40,550
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 | €567,018 | €532,933 | -€34,085 | -6.0% |
| Fixed assets | 21/28 | €424,759 | €386,949 | -€37,810 | -8.9% |
| Tangible fixed assets | 22/27 | €424,759 | €386,949 | -€37,810 | -8.9% |
| Land and buildings | 22 | €151,741 | €149,263 | -€2,478 | -1.6% |
| Furniture and vehicles | 24 | €8,868 | €1,518 | -€7,350 | -82.9% |
| Other tangible fixed assets | 26 | €264,150 | €236,168 | -€27,982 | -10.6% |
| Current assets | 29/58 | €142,259 | €145,984 | +€3,725 | +2.6% |
| Amounts receivable within one year | 40/41 | €1,513 | €3,358 | +€1,845 | +121.9% |
| Other amounts receivable | 41 | €1,513 | €3,358 | +€1,845 | +121.9% |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €103,240 | €133,673 | +€30,433 | +29.5% |
| Deferred charges and accrued income | 490/1 | €2,505 | €8,953 | +€6,447 | +257.4% |
| Total equity and liabilities | 10/49 | €567,018 | €532,933 | -€34,085 | -6.0% |
| Equity | 10/15 | €307,900 | €303,545 | -€4,356 | -1.4% |
| Contributions | 10/11 | €62,005 | €62,005 | = | 0.0% |
| Capital | 10 | €62,005 | €62,005 | = | 0.0% |
| Issued capital | 100 | €62,005 | €62,005 | = | 0.0% |
| Reserves | 13 | €245,895 | €241,540 | -€4,356 | -1.8% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €54,466 | €48,709 | -€5,758 | -10.6% |
| Distributable reserves | 133 | €185,229 | €186,631 | +€1,402 | +0.8% |
| Provisions and deferred taxes | 16 | €18,155 | €16,236 | -€1,919 | -10.6% |
| Deferred taxes | 168 | €18,155 | €16,236 | -€1,919 | -10.6% |
| Amounts payable | 17/49 | €240,962 | €213,152 | -€27,810 | -11.5% |
| Amounts payable within one year | 42/48 | €219,377 | €195,441 | -€23,936 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €16,667 | - | -€16,667 | |
| Trade debts | 44 | €1,475 | €14,253 | +€12,778 | +866.1% |
| Suppliers | 440/4 | €1,475 | €14,253 | +€12,778 | +866.1% |
| Other amounts payable | 47/48 | €201,234 | €181,188 | -€20,047 | -10.0% |
| Accrued charges and deferred income | 492/3 | €21,585 | €17,711 | -€3,874 | -17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,466 | €40,550 | -€916 | -2.2% |
| Other operating charges | 640/8 | €15,441 | €16,453 | +€1,012 | +6.6% |
| Gross operating margin | 9900 | €73,564 | €66,231 | -€7,333 | -10.0% |
| Operating profit (loss) | 9901 | €16,656 | €9,228 | -€7,428 | -44.6% |
| Financial income | 75/76B | €651 | €932 | +€281 | +43.2% |
| Recurring financial income | 75 | €651 | €932 | +€281 | +43.2% |
| Financial charges | 65/66B | €14,352 | €14,513 | +€162 | +1.1% |
| Recurring financial charges | 65 | €14,352 | €14,513 | +€162 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €2,956 | -€4,353 | -€7,309 | |
| Transfer from deferred taxes | 780 | €1,919 | €1,919 | = | 0.0% |
| Income taxes | 67/77 | €3,681 | €1,922 | -€1,760 | -47.8% |
| Profit (loss) for the period | 9904 | €1,193 | -€4,356 | -€5,549 | |
| Transfer from tax-exempt reserves | 789 | €5,758 | €5,758 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,951 | €1,402 | -€5,549 | -79.8% |
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 29 September 2026 via checked.be.