INGANE: 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.
INGANE
Largest movements
- Cash -€105,305
down €105,305 (-45.2%), from €232,753 to €127,448
mainly Contributions, distributions and other (-€223,893) and Debts after one year (-€18,820)
- Deferred charges and accrued income -€22,881
down €22,881 (-37.0%), from €61,830 to €38,949
- Reserves -€147,391
no longer reported in 2025 (was €147,391)
- Other debts +€50,097
up €50,097 (+31.6%), from €158,651 to €208,748
- Debts after one year -€18,820
down €18,820 (-29.7%), from €63,439 to €44,618
- Tax, wage and social debts -€10,292
down €10,292 (-98.7%), from €10,428 to €136
- Gross operating margin -€93,021
down €93,021 (-46.1%), from €201,816 to €108,795
- Taxes -€24,231
down €24,231 (-48.0%), from €50,428 to €26,197
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 | €400,900 | €274,761 | -€126,140 | -31.5% |
| Fixed assets | 21/28 | €106,318 | €104,561 | -€1,756 | -1.7% |
| Tangible fixed assets | 22/27 | €9,601 | €7,845 | -€1,756 | -18.3% |
| Plant, machinery and equipment | 23 | €2,836 | €2,548 | -€288 | -10.1% |
| Furniture and vehicles | 24 | €6,765 | €5,296 | -€1,469 | -21.7% |
| Financial fixed assets | 28 | €96,717 | €96,717 | = | 0.0% |
| Current assets | 29/58 | €294,583 | €170,199 | -€124,383 | -42.2% |
| Amounts receivable within one year | 40/41 | - | €3,803 | +€3,803 | |
| Other amounts receivable | 41 | - | €3,803 | +€3,803 | |
| Cash at bank and in hand | 54/58 | €232,753 | €127,448 | -€105,305 | -45.2% |
| Deferred charges and accrued income | 490/1 | €61,830 | €38,949 | -€22,881 | -37.0% |
| Total equity and liabilities | 10/49 | €400,900 | €274,761 | -€126,140 | -31.5% |
| Equity | 10/15 | €149,391 | €2,000 | -€147,391 | -98.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €147,391 | - | -€147,391 | |
| Distributable reserves | 133 | €147,391 | - | -€147,391 | |
| Amounts payable | 17/49 | €251,509 | €272,761 | +€21,251 | +8.4% |
| Amounts payable after more than one year | 17 | €63,439 | €44,618 | -€18,820 | -29.7% |
| Financial debts | 170/4 | €63,439 | €44,618 | -€18,820 | -29.7% |
| Amounts payable within one year | 42/48 | €188,071 | €228,142 | +€40,071 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €18,225 | €18,820 | +€595 | +3.3% |
| Trade debts | 44 | €767 | €438 | -€328 | -42.8% |
| Suppliers | 440/4 | €767 | €438 | -€328 | -42.8% |
| Taxes, remuneration and social security | 45 | €10,428 | €136 | -€10,292 | -98.7% |
| Taxes | 450/3 | €10,428 | €136 | -€10,292 | -98.7% |
| Other amounts payable | 47/48 | €158,651 | €208,748 | +€50,097 | +31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,125 | €3,105 | +€980 | +46.1% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Gross operating margin | 9900 | €201,816 | €108,795 | -€93,021 | -46.1% |
| Operating profit (loss) | 9901 | €199,241 | €105,228 | -€94,013 | -47.2% |
| Financial income | 75/76B | €1,128 | - | -€1,128 | |
| Recurring financial income | 75 | €1,128 | - | -€1,128 | |
| Financial charges | 65/66B | €2,551 | €2,528 | -€22 | -0.9% |
| Recurring financial charges | 65 | €2,551 | €2,528 | -€22 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €197,819 | €102,700 | -€95,119 | -48.1% |
| Income taxes | 67/77 | €50,428 | €26,197 | -€24,231 | -48.0% |
| Profit (loss) for the period | 9904 | €147,391 | €76,502 | -€70,889 | -48.1% |
| Profit (loss) for the period to be appropriated | 9905 | €147,391 | €76,502 | -€70,889 | -48.1% |
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 9 October 2026 via checked.be.