INGELBRECHT & CO: 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 & CO
Largest movements
- Current investments +€89,995
up €89,995 (+300%), from €30,000 to €119,995
- Cash +€39,665
up €39,665 (+7.5%), from €529,590 to €569,255
mainly Net result for the year (+€228,408) and Depreciation (+€33,363)
- Tangible fixed assets -€30,322
down €30,322 (-24.7%), from €122,542 to €92,220
of which Furniture and vehicles: -€23,740
- Receivables within one year +€10,220
up €10,220 (+16.1%), from €63,420 to €73,640
of which Trade receivables: +€9,969
- Reserves +€68,121
up €68,121 (+9.8%), from €697,848 to €765,969
of which Distributable reserves: +€68,121
- Short-term financial debts +€23,556
new in 2025: €23,556
- Tax, wage and social debts +€22,437
up €22,437 (+128%), from €17,548 to €39,985
of which Taxes: +€23,466
- Gross operating margin +€52,256
up €52,256 (+13.3%), from €394,233 to €446,490
- Taxes +€22,498
up €22,498 (+25.9%), from €86,986 to €109,485
- Financial income +€6,880
up €6,880 (+51.0%), from €13,496 to €20,376
- Depreciation -€5,502
down €5,502 (-14.2%), from €38,865 to €33,363
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 | €749,989 | €858,299 | +€108,309 | +14.4% |
| Fixed assets | 21/28 | €122,542 | €92,220 | -€30,322 | -24.7% |
| Tangible fixed assets | 22/27 | €122,542 | €92,220 | -€30,322 | -24.7% |
| Plant, machinery and equipment | 23 | €27,533 | €20,952 | -€6,582 | -23.9% |
| Furniture and vehicles | 24 | €95,009 | €71,268 | -€23,740 | -25.0% |
| Current assets | 29/58 | €627,447 | €766,079 | +€138,632 | +22.1% |
| Amounts receivable within one year | 40/41 | €63,420 | €73,640 | +€10,220 | +16.1% |
| Trade receivables | 40 | €60,593 | €70,561 | +€9,969 | +16.5% |
| Other amounts receivable | 41 | €2,827 | €3,079 | +€252 | +8.9% |
| Current investments | 50/53 | €30,000 | €119,995 | +€89,995 | +300% |
| Cash at bank and in hand | 54/58 | €529,590 | €569,255 | +€39,665 | +7.5% |
| Deferred charges and accrued income | 490/1 | €4,438 | €3,189 | -€1,249 | -28.1% |
| Total equity and liabilities | 10/49 | €749,989 | €858,299 | +€108,309 | +14.4% |
| Equity | 10/15 | €716,440 | €784,561 | +€68,121 | +9.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €697,848 | €765,969 | +€68,121 | +9.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,929 | €56,929 | = | 0.0% |
| Distributable reserves | 133 | €639,060 | €707,181 | +€68,121 | +10.7% |
| Amounts payable | 17/49 | €33,549 | €73,738 | +€40,189 | +120% |
| Amounts payable within one year | 42/48 | €33,549 | €73,738 | +€40,189 | +120% |
| Financial debts | 43 | - | €23,556 | +€23,556 | |
| Credit institutions | 430/8 | - | €23,556 | +€23,556 | |
| Trade debts | 44 | €12,501 | €5,355 | -€7,146 | -57.2% |
| Suppliers | 440/4 | €12,501 | €5,355 | -€7,146 | -57.2% |
| Taxes, remuneration and social security | 45 | €17,548 | €39,985 | +€22,437 | +128% |
| Taxes | 450/3 | €7,938 | €31,404 | +€23,466 | +296% |
| Remuneration and social security | 454/9 | €9,610 | €8,581 | -€1,029 | -10.7% |
| Other amounts payable | 47/48 | €3,500 | €4,842 | +€1,342 | +38.3% |
| Remuneration, social security and pensions | 62 | €89,795 | €92,154 | +€2,360 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,865 | €33,363 | -€5,502 | -14.2% |
| Other operating charges | 640/8 | €1,483 | €2,495 | +€1,012 | +68.2% |
| Gross operating margin | 9900 | €394,233 | €446,490 | +€52,256 | +13.3% |
| Operating profit (loss) | 9901 | €264,090 | €318,478 | +€54,387 | +20.6% |
| Financial income | 75/76B | €13,496 | €20,376 | +€6,880 | +51.0% |
| Recurring financial income | 75 | €13,496 | €20,376 | +€6,880 | +51.0% |
| Financial charges | 65/66B | €453 | €961 | +€509 | +112% |
| Recurring financial charges | 65 | €453 | €961 | +€509 | +112% |
| Profit (loss) for the period before taxes | 9903 | €277,133 | €337,892 | +€60,759 | +21.9% |
| Income taxes | 67/77 | €86,986 | €109,485 | +€22,498 | +25.9% |
| Profit (loss) for the period | 9904 | €190,147 | €228,408 | +€38,261 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €190,147 | €228,408 | +€38,261 | +20.1% |
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 26 October 2026 via checked.be.