Ingelberts & Serralta: 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.
Ingelberts & Serralta
Largest movements
- Tangible fixed assets +€5,109
up €5,109 (+61.8%), from €8,269 to €13,378
of which Furniture and vehicles: +€6,140
- Cash +€3,937
up €3,937 (+35.4%), from €11,122 to €15,059
mainly Net result for the year (+€14,916) and Depreciation (+€2,582)
- Receivables within one year +€2,827
up €2,827 (+6.3%), from €44,689 to €47,517
of which Other amounts receivable: +€5,314
- Deferred charges and accrued income +€856
up €856 (+57.2%), from €1,497 to €2,352
- Reserves +€12,830
up €12,830 (+110%), from €11,683 to €24,513
- Short-term financial debts -€2,617
down €2,617 (-71.5%), from €3,660 to €1,043
- Profit (loss) carried forward +€2,086
up €2,086, from -€2,086 to €0
- Gross operating margin +€10,279
up €10,279 (+108%), from €9,475 to €19,754
- Taxes +€3,652
new in 2025: €3,652
- Other operating charges +€687
up €687 (+1,077%), from €64 to €751
- Financial income +€545
up €545 (+32.6%), from €1,674 to €2,219
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.
Derived cash bridge
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 | €65,577 | €78,305 | +€12,729 | +19.4% |
| Fixed assets | 21/28 | €8,269 | €13,378 | +€5,109 | +61.8% |
| Tangible fixed assets | 22/27 | €8,269 | €13,378 | +€5,109 | +61.8% |
| Plant, machinery and equipment | 23 | €7,734 | €6,702 | -€1,031 | -13.3% |
| Furniture and vehicles | 24 | €535 | €6,675 | +€6,140 | +1,148% |
| Current assets | 29/58 | €57,308 | €64,928 | +€7,620 | +13.3% |
| Amounts receivable within one year | 40/41 | €44,689 | €47,517 | +€2,827 | +6.3% |
| Trade receivables | 40 | €2,788 | €302 | -€2,487 | -89.2% |
| Other amounts receivable | 41 | €41,901 | €47,215 | +€5,314 | +12.7% |
| Cash at bank and in hand | 54/58 | €11,122 | €15,059 | +€3,937 | +35.4% |
| Deferred charges and accrued income | 490/1 | €1,497 | €2,352 | +€856 | +57.2% |
| Total equity and liabilities | 10/49 | €65,577 | €78,305 | +€12,729 | +19.4% |
| Equity | 10/15 | €39,597 | €54,513 | +€14,916 | +37.7% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €11,683 | €24,513 | +€12,830 | +110% |
| Distributable reserves | 133 | €11,683 | €24,513 | +€12,830 | +110% |
| Profit (loss) carried forward | 14 | -€2,086 | €0 | +€2,086 | |
| Amounts payable | 17/49 | €25,980 | €23,793 | -€2,187 | -8.4% |
| Amounts payable within one year | 42/48 | €25,711 | €23,686 | -€2,024 | -7.9% |
| Current portion of amounts payable after more than one year | 42 | €21,860 | €21,860 | = | 0.0% |
| Financial debts | 43 | €3,660 | €1,043 | -€2,617 | -71.5% |
| Other loans | 439 | €3,660 | €1,043 | -€2,617 | -71.5% |
| Trade debts | 44 | €191 | €131 | -€60 | -31.4% |
| Suppliers | 440/4 | €191 | €131 | -€60 | -31.4% |
| Taxes, remuneration and social security | 45 | €0 | €652 | +€652 | |
| Taxes | 450/3 | €0 | €652 | +€652 | |
| Accrued charges and deferred income | 492/3 | €269 | €106 | -€163 | -60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,582 | €2,582 | -€0 | 0.0% |
| Other operating charges | 640/8 | €64 | €751 | +€687 | +1,077% |
| Gross operating margin | 9900 | €9,475 | €19,754 | +€10,279 | +108% |
| Operating profit (loss) | 9901 | €6,829 | €16,421 | +€9,592 | +140% |
| Financial income | 75/76B | €1,674 | €2,219 | +€545 | +32.6% |
| Recurring financial income | 75 | €1,674 | €2,219 | +€545 | +32.6% |
| Financial charges | 65/66B | €71 | €72 | +€1 | +1.9% |
| Recurring financial charges | 65 | €71 | €72 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €8,433 | €18,568 | +€10,136 | +120% |
| Income taxes | 67/77 | - | €3,652 | +€3,652 | |
| Profit (loss) for the period | 9904 | €8,433 | €14,916 | +€6,483 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,433 | €14,916 | +€6,483 | +76.9% |
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 1 November 2026 via checked.be.