INGANTO: 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.
INGANTO
Largest movements
- Tangible fixed assets +€107,247
up €107,247 (+30.9%), from €347,524 to €454,771
of which Land and buildings: +€96,464
- Cash -€15,516
down €15,516 (-85.0%), from €18,252 to €2,736
mainly Investment in fixed assets (net) (-€133,836) and Debts after one year (-€6,729)
- Other debts +€53,203
up €53,203 (+35.9%), from €148,012 to €201,215
- Accrued charges and deferred income +€34,000
up €34,000 (+193.2%), from €17,600 to €51,600
- Debts after one year -€6,729
down €6,729 (-16.7%), from €40,372 to €33,643
- Trade debts +€5,894
up €5,894 (+15171.7%), from €39 to €5,933
- Reserves +€4,726
up €4,726 (+3.5%), from €135,503 to €140,229
of which Distributable reserves: +€4,726
- Gross operating margin +€10,513
up €10,513 (+39.5%), from €26,620 to €37,133
- Depreciation +€6,720
up €6,720 (+33.8%), from €19,869 to €26,590
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 | €366,683 | €458,414 | +€91,731 | +25.0% |
| Fixed assets | 21/28 | €347,649 | €454,896 | +€107,247 | +30.8% |
| Tangible fixed assets | 22/27 | €347,524 | €454,771 | +€107,247 | +30.9% |
| Land and buildings | 22 | €319,837 | €416,301 | +€96,464 | +30.2% |
| Plant, machinery and equipment | 23 | €14,069 | €26,675 | +€12,606 | +89.6% |
| Furniture and vehicles | 24 | €13,618 | €11,796 | -€1,823 | -13.4% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €19,034 | €3,518 | -€15,516 | -81.5% |
| Cash at bank and in hand | 54/58 | €18,252 | €2,736 | -€15,516 | -85.0% |
| Deferred charges and accrued income | 490/1 | €782 | €782 | = | 0.0% |
| Total equity and liabilities | 10/49 | €366,683 | €458,414 | +€91,731 | +25.0% |
| Equity | 10/15 | €154,095 | €158,821 | +€4,726 | +3.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €135,503 | €140,229 | +€4,726 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €133,643 | €138,369 | +€4,726 | +3.5% |
| Amounts payable | 17/49 | €212,589 | €299,593 | +€87,004 | +40.9% |
| Amounts payable after more than one year | 17 | €40,372 | €33,643 | -€6,729 | -16.7% |
| Financial debts | 170/4 | €40,372 | €33,643 | -€6,729 | -16.7% |
| Amounts payable within one year | 42/48 | €154,617 | €214,350 | +€59,733 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €6,479 | €6,729 | +€250 | +3.9% |
| Trade debts | 44 | €39 | €5,933 | +€5,894 | +15171.7% |
| Suppliers | 440/4 | €39 | €5,933 | +€5,894 | +15171.7% |
| Taxes, remuneration and social security | 45 | €87 | €473 | +€386 | +445.8% |
| Taxes | 450/3 | €87 | €473 | +€386 | +445.8% |
| Other amounts payable | 47/48 | €148,012 | €201,215 | +€53,203 | +35.9% |
| Accrued charges and deferred income | 492/3 | €17,600 | €51,600 | +€34,000 | +193.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,869 | €26,590 | +€6,720 | +33.8% |
| Other operating charges | 640/8 | €2,182 | €2,012 | -€169 | -7.8% |
| Gross operating margin | 9900 | €26,620 | €37,133 | +€10,513 | +39.5% |
| Operating profit (loss) | 9901 | €4,569 | €8,532 | +€3,963 | +86.7% |
| Financial charges | 65/66B | €3,447 | €3,333 | -€114 | -3.3% |
| Recurring financial charges | 65 | €3,447 | €3,333 | -€114 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €1,122 | €5,199 | +€4,077 | +363.2% |
| Income taxes | 67/77 | €256 | €473 | +€216 | +84.4% |
| Profit (loss) for the period | 9904 | €866 | €4,726 | +€3,860 | +445.8% |
| Profit (loss) for the period to be appropriated | 9905 | €866 | €4,726 | +€3,860 | +445.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.