INGEFI: 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.
INGEFI
Largest movements
- Cash +€36,709
up €36,709 (+460.2%), from €7,976 to €44,685
mainly Net result for the year (+€52,367) and Depreciation (+€5,071)
- Receivables within one year +€10,549
up €10,549 (+4.5%), from €232,423 to €242,972
of which Other amounts receivable: +€11,013
- Tangible fixed assets -€5,071
down €5,071 (-7.0%), from €72,532 to €67,461
of which Land and buildings: -€3,884
- Reserves +€35,481
up €35,481 (+15.5%), from €228,759 to €264,240
of which Distributable reserves: +€35,481
- Financial income +€5,167
up €5,167 (+85.7%), from €6,030 to €11,197
- Gross operating margin +€2,988
up €2,988 (+4.3%), from €70,156 to €73,144
- Taxes +€2,358
up €2,358 (+10.7%), from €22,080 to €24,438
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 | €312,931 | €355,118 | +€42,187 | +13.5% |
| Fixed assets | 21/28 | €72,532 | €67,461 | -€5,071 | -7.0% |
| Tangible fixed assets | 22/27 | €72,532 | €67,461 | -€5,071 | -7.0% |
| Land and buildings | 22 | €64,828 | €60,944 | -€3,884 | -6.0% |
| Plant, machinery and equipment | 23 | €7,432 | €6,517 | -€915 | -12.3% |
| Furniture and vehicles | 24 | €272 | €0 | -€272 | -100.0% |
| Current assets | 29/58 | €240,399 | €287,657 | +€47,258 | +19.7% |
| Amounts receivable within one year | 40/41 | €232,423 | €242,972 | +€10,549 | +4.5% |
| Trade receivables | 40 | €6,514 | €6,050 | -€464 | -7.1% |
| Other amounts receivable | 41 | €225,909 | €236,922 | +€11,013 | +4.9% |
| Cash at bank and in hand | 54/58 | €7,976 | €44,685 | +€36,709 | +460.2% |
| Total equity and liabilities | 10/49 | €312,931 | €355,118 | +€42,187 | +13.5% |
| Equity | 10/15 | €290,759 | €326,240 | +€35,481 | +12.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €228,759 | €264,240 | +€35,481 | +15.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €222,559 | €258,040 | +€35,481 | +15.9% |
| Amounts payable | 17/49 | €22,172 | €28,878 | +€6,706 | +30.2% |
| Amounts payable within one year | 42/48 | €22,172 | €28,878 | +€6,706 | +30.2% |
| Trade debts | 44 | €1,599 | €2,999 | +€1,400 | +87.6% |
| Suppliers | 440/4 | €1,599 | €2,999 | +€1,400 | +87.6% |
| Taxes, remuneration and social security | 45 | €6,558 | €8,868 | +€2,310 | +35.2% |
| Taxes | 450/3 | €6,558 | €8,868 | +€2,310 | +35.2% |
| Other amounts payable | 47/48 | €14,015 | €17,011 | +€2,996 | +21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,340 | €5,071 | +€731 | +16.8% |
| Other operating charges | 640/8 | €2,332 | €2,310 | -€22 | -0.9% |
| Gross operating margin | 9900 | €70,156 | €73,144 | +€2,988 | +4.3% |
| Operating profit (loss) | 9901 | €63,484 | €65,763 | +€2,279 | +3.6% |
| Financial income | 75/76B | €6,030 | €11,197 | +€5,167 | +85.7% |
| Recurring financial income | 75 | €6,030 | €11,197 | +€5,167 | +85.7% |
| Financial charges | 65/66B | €119 | €155 | +€36 | +30.3% |
| Recurring financial charges | 65 | €119 | €155 | +€36 | +30.3% |
| Profit (loss) for the period before taxes | 9903 | €69,395 | €76,805 | +€7,410 | +10.7% |
| Income taxes | 67/77 | €22,080 | €24,438 | +€2,358 | +10.7% |
| Profit (loss) for the period | 9904 | €47,315 | €52,367 | +€5,052 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,315 | €52,367 | +€5,052 | +10.7% |
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 7 October 2026 via checked.be.