INGELBRECHT BV: 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.
INGELBRECHT BV
Largest movements
- Tangible fixed assets +€110,954
up €110,954 (+15.6%), from €710,192 to €821,147
of which Furniture and vehicles: +€139,564
- Receivables within one year -€17,350
down €17,350 (-69.4%), from €25,007 to €7,657
- Current portion of long-term debt +€34,986
up €34,986 (+42.4%), from €82,572 to €117,558
- Reserves +€32,338
up €32,338 (+6.5%), from €499,946 to €532,285
of which Distributable reserves: +€156,350
- Other debts +€24,226
up €24,226 (+25.4%), from €95,477 to €119,702
- Tax, wage and social debts +€14,941
up €14,941 (+110%), from €13,577 to €28,518
of which Taxes: +€17,331
- Financial income -€56,840
no longer reported in 2025 (was €56,840)
- Gross operating margin +€32,518
up €32,518 (+30.2%), from €107,497 to €140,015
- Taxes +€14,085
up €14,085 (+66.6%), from €21,134 to €35,219
- Financial charges -€2,350
down €2,350 (-10.6%), from €22,091 to €19,742
- Other operating charges -€2,209
down €2,209 (-10.0%), from €22,081 to €19,872
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 | €919,645 | €1,015,837 | +€96,192 | +10.5% |
| Fixed assets | 21/28 | €890,090 | €1,001,044 | +€110,954 | +12.5% |
| Tangible fixed assets | 22/27 | €710,192 | €821,147 | +€110,954 | +15.6% |
| Land and buildings | 22 | €654,142 | €640,356 | -€13,786 | -2.1% |
| Plant, machinery and equipment | 23 | €18,128 | €14,404 | -€3,724 | -20.5% |
| Furniture and vehicles | 24 | - | €139,564 | +€139,564 | |
| Other tangible fixed assets | 26 | €37,923 | €26,823 | -€11,099 | -29.3% |
| Financial fixed assets | 28 | €179,897 | €179,897 | = | 0.0% |
| Current assets | 29/58 | €29,555 | €14,793 | -€14,762 | -49.9% |
| Amounts receivable within one year | 40/41 | €25,007 | €7,657 | -€17,350 | -69.4% |
| Other amounts receivable | 41 | €25,007 | €7,657 | -€17,350 | -69.4% |
| Cash at bank and in hand | 54/58 | €2,030 | €4,536 | +€2,506 | +123% |
| Deferred charges and accrued income | 490/1 | €2,518 | €2,601 | +€82 | +3.3% |
| Total equity and liabilities | 10/49 | €919,645 | €1,015,837 | +€96,192 | +10.5% |
| Equity | 10/15 | €518,546 | €550,885 | +€32,338 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €499,946 | €532,285 | +€32,338 | +6.5% |
| Tax-exempt reserves | 132 | €196,082 | €72,071 | -€124,011 | -63.2% |
| Distributable reserves | 133 | €303,864 | €460,214 | +€156,350 | +51.5% |
| Amounts payable | 17/49 | €401,098 | €464,953 | +€63,854 | +15.9% |
| Amounts payable after more than one year | 17 | €186,919 | €179,686 | -€7,233 | -3.9% |
| Financial debts | 170/4 | €186,919 | €179,686 | -€7,233 | -3.9% |
| Amounts payable within one year | 42/48 | €210,111 | €281,467 | +€71,356 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €82,572 | €117,558 | +€34,986 | +42.4% |
| Trade debts | 44 | €18,485 | €15,688 | -€2,797 | -15.1% |
| Suppliers | 440/4 | €18,485 | €15,688 | -€2,797 | -15.1% |
| Taxes, remuneration and social security | 45 | €13,577 | €28,518 | +€14,941 | +110% |
| Taxes | 450/3 | €11,187 | €28,518 | +€17,331 | +155% |
| Remuneration and social security | 454/9 | €2,390 | - | -€2,390 | |
| Other amounts payable | 47/48 | €95,477 | €119,702 | +€24,226 | +25.4% |
| Accrued charges and deferred income | 492/3 | €4,068 | €3,800 | -€269 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,370 | €32,845 | +€475 | +1.5% |
| Other operating charges | 640/8 | €22,081 | €19,872 | -€2,209 | -10.0% |
| Gross operating margin | 9900 | €107,497 | €140,015 | +€32,518 | +30.2% |
| Operating profit (loss) | 9901 | €53,046 | €87,299 | +€34,252 | +64.6% |
| Financial income | 75/76B | €56,840 | - | -€56,840 | |
| Recurring financial income | 75 | €56,840 | - | -€56,840 | |
| Financial charges | 65/66B | €22,091 | €19,742 | -€2,350 | -10.6% |
| Recurring financial charges | 65 | €22,091 | €19,742 | -€2,350 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €87,795 | €67,557 | -€20,238 | -23.1% |
| Income taxes | 67/77 | €21,134 | €35,219 | +€14,085 | +66.6% |
| Profit (loss) for the period | 9904 | €66,661 | €32,338 | -€34,323 | -51.5% |
| Transfer from tax-exempt reserves | 789 | €22,971 | €124,011 | +€101,040 | +440% |
| Profit (loss) for the period to be appropriated | 9905 | €89,633 | €156,350 | +€66,717 | +74.4% |
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 22 October 2026 via checked.be.