Ingelbeen: 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.
Ingelbeen
Largest movements
- Tangible fixed assets +€147,616
up €147,616 (+40.7%), from €362,771 to €510,386
of which Furniture and vehicles: +€102,579
- Cash +€47,204
up €47,204 (+70.3%), from €67,164 to €114,369
mainly Net result for the year (+€202,179) and Other debts (+€83,415)
- Receivables within one year +€16,911
up €16,911 (+29.6%), from €57,089 to €74,000
of which Trade receivables: +€21,301
- Other debts +€83,415
up €83,415 (+46.6%), from €178,909 to €262,324
- Revaluation surpluses +€46,908
new in 2025: €46,908
- Debts after one year +€37,602
up €37,602 (+14.7%), from €256,000 to €293,602
- Current portion of long-term debt +€32,819
up €32,819 (+170.9%), from €19,200 to €52,019
- Tax, wage and social debts +€12,259
up €12,259 (+83.5%), from €14,672 to €26,931
- Gross operating margin +€45,492
up €45,492 (+18.9%), from €240,966 to €286,458
- Depreciation -€40,204
down €40,204 (-80.8%), from €49,749 to €9,544
- Taxes +€23,638
up €23,638 (+62.0%), from €38,110 to €61,748
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 | €490,395 | €701,608 | +€211,213 | +43.1% |
| Fixed assets | 21/28 | €362,771 | €510,386 | +€147,616 | +40.7% |
| Tangible fixed assets | 22/27 | €362,771 | €510,386 | +€147,616 | +40.7% |
| Land and buildings | 22 | €360,000 | €406,908 | +€46,908 | +13.0% |
| Plant, machinery and equipment | 23 | €2,771 | €899 | -€1,872 | -67.6% |
| Furniture and vehicles | 24 | €0 | €102,579 | +€102,579 | |
| Current assets | 29/58 | €127,624 | €191,222 | +€63,597 | +49.8% |
| Amounts receivable within one year | 40/41 | €57,089 | €74,000 | +€16,911 | +29.6% |
| Trade receivables | 40 | €52,699 | €74,000 | +€21,301 | +40.4% |
| Other amounts receivable | 41 | €4,390 | €0 | -€4,390 | -100.0% |
| Cash at bank and in hand | 54/58 | €67,164 | €114,369 | +€47,204 | +70.3% |
| Deferred charges and accrued income | 490/1 | €3,372 | €2,853 | -€518 | -15.4% |
| Total equity and liabilities | 10/49 | €490,395 | €701,608 | +€211,213 | +43.1% |
| Equity | 10/15 | €19,563 | €65,651 | +€46,088 | +235.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | - | €46,908 | +€46,908 | |
| Reserves | 13 | €963 | €142 | -€821 | -85.2% |
| Distributable reserves | 133 | €963 | €142 | -€821 | -85.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €470,832 | €635,958 | +€165,125 | +35.1% |
| Amounts payable after more than one year | 17 | €256,000 | €293,602 | +€37,602 | +14.7% |
| Financial debts | 170/4 | €256,000 | €293,602 | +€37,602 | +14.7% |
| Amounts payable within one year | 42/48 | €214,832 | €342,355 | +€127,523 | +59.4% |
| Current portion of amounts payable after more than one year | 42 | €19,200 | €52,019 | +€32,819 | +170.9% |
| Trade debts | 44 | €2,051 | €1,081 | -€970 | -47.3% |
| Suppliers | 440/4 | €2,051 | €1,081 | -€970 | -47.3% |
| Taxes, remuneration and social security | 45 | €14,672 | €26,931 | +€12,259 | +83.5% |
| Taxes | 450/3 | €14,672 | €26,931 | +€12,259 | +83.5% |
| Other amounts payable | 47/48 | €178,909 | €262,324 | +€83,415 | +46.6% |
| Non-recurring operating income | 76A | - | €12,102 | +€12,102 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,749 | €9,544 | -€40,204 | -80.8% |
| Other operating charges | 640/8 | €1,502 | €1,255 | -€248 | -16.5% |
| Non-recurring operating charges | 66A | €10,171 | €0 | -€10,171 | -100.0% |
| Gross operating margin | 9900 | €240,966 | €286,458 | +€45,492 | +18.9% |
| Operating profit (loss) | 9901 | €179,544 | €275,659 | +€96,115 | +53.5% |
| Financial income | 75/76B | €1 | €35 | +€33 | +2635.4% |
| Recurring financial income | 75 | €1 | €35 | +€33 | +2635.4% |
| Financial charges | 65/66B | €9,221 | €11,766 | +€2,546 | +27.6% |
| Recurring financial charges | 65 | €9,221 | €11,766 | +€2,546 | +27.6% |
| Profit (loss) for the period before taxes | 9903 | €170,324 | €263,927 | +€93,603 | +55.0% |
| Income taxes | 67/77 | €38,110 | €61,748 | +€23,638 | +62.0% |
| Profit (loss) for the period | 9904 | €132,214 | €202,179 | +€69,965 | +52.9% |
| Profit (loss) for the period to be appropriated | 9905 | €132,214 | €202,179 | +€69,965 | +52.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.