INGELOX: 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.
INGELOX
Largest movements
- Cash +€22,479
up €22,479 (+120.5%), from €18,648 to €41,127
mainly Net result for the year (+€38,477) and Depreciation (+€14,407)
- Current investments +€17,549
up €17,549 (+22.2%), from €78,978 to €96,526
- Receivables within one year +€16,641
up €16,641 (+85.8%), from €19,401 to €36,042
of which Other amounts receivable: +€14,502
- Tangible fixed assets -€14,407
down €14,407 (-33.9%), from €42,438 to €28,031
of which Furniture and vehicles: -€13,766
- Reserves +€38,477
up €38,477 (+31.0%), from €124,047 to €162,524
of which Distributable reserves: +€46,170
- Tax, wage and social debts +€5,410
up €5,410 (+27.1%), from €19,943 to €25,353
- Financial income +€10,537
up €10,537 (+11172.7%), from €94 to €10,631
- Gross operating margin -€7,034
down €7,034 (-9.4%), from €74,871 to €67,837
- Taxes +€2,797
up €2,797 (+12.3%), from €22,808 to €25,606
- Other operating charges -€969
down €969 (-39.8%), from €2,436 to €1,466
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 | €162,071 | €204,962 | +€42,890 | +26.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €42,438 | €28,031 | -€14,407 | -33.9% |
| Tangible fixed assets | 22/27 | €42,438 | €28,031 | -€14,407 | -33.9% |
| Furniture and vehicles | 24 | €37,952 | €24,185 | -€13,766 | -36.3% |
| Other tangible fixed assets | 26 | €4,486 | €3,845 | -€641 | -14.3% |
| Current assets | 29/58 | €119,633 | €176,931 | +€57,297 | +47.9% |
| Amounts receivable within one year | 40/41 | €19,401 | €36,042 | +€16,641 | +85.8% |
| Trade receivables | 40 | €18,274 | €20,414 | +€2,140 | +11.7% |
| Other amounts receivable | 41 | €1,127 | €15,628 | +€14,502 | +1287.0% |
| Current investments | 50/53 | €78,978 | €96,526 | +€17,549 | +22.2% |
| Cash at bank and in hand | 54/58 | €18,648 | €41,127 | +€22,479 | +120.5% |
| Deferred charges and accrued income | 490/1 | €2,607 | €3,236 | +€629 | +24.1% |
| Total equity and liabilities | 10/49 | €162,071 | €204,962 | +€42,890 | +26.5% |
| Equity | 10/15 | €136,447 | €174,924 | +€38,477 | +28.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €124,047 | €162,524 | +€38,477 | +31.0% |
| Tax-exempt reserves | 132 | €21,696 | €14,004 | -€7,692 | -35.5% |
| Distributable reserves | 133 | €102,350 | €148,520 | +€46,170 | +45.1% |
| Provisions and deferred taxes | 16 | €5,364 | €3,440 | -€1,923 | -35.9% |
| Deferred taxes | 168 | €5,364 | €3,440 | -€1,923 | -35.9% |
| Amounts payable | 17/49 | €20,261 | €26,597 | +€6,336 | +31.3% |
| Amounts payable within one year | 42/48 | €20,261 | €26,597 | +€6,336 | +31.3% |
| Trade debts | 44 | €318 | €1,244 | +€927 | +291.7% |
| Suppliers | 440/4 | €318 | €1,244 | +€927 | +291.7% |
| Taxes, remuneration and social security | 45 | €19,943 | €25,353 | +€5,410 | +27.1% |
| Taxes | 450/3 | €19,943 | €25,353 | +€5,410 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,310 | €14,407 | +€97 | +0.7% |
| Other operating charges | 640/8 | €2,436 | €1,466 | -€969 | -39.8% |
| Gross operating margin | 9900 | €74,871 | €67,837 | -€7,034 | -9.4% |
| Operating profit (loss) | 9901 | €58,126 | €51,964 | -€6,162 | -10.6% |
| Financial income | 75/76B | €94 | €10,631 | +€10,537 | +11172.7% |
| Recurring financial income | 75 | €94 | €10,631 | +€10,537 | +11172.7% |
| Financial charges | 65/66B | €790 | €435 | -€355 | -44.9% |
| Recurring financial charges | 65 | €790 | €435 | -€355 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €57,430 | €62,160 | +€4,730 | +8.2% |
| Transfer from deferred taxes | 780 | €1,923 | €1,923 | = | 0.0% |
| Income taxes | 67/77 | €22,808 | €25,606 | +€2,797 | +12.3% |
| Profit (loss) for the period | 9904 | €36,545 | €38,477 | +€1,932 | +5.3% |
| Transfer from tax-exempt reserves | 789 | €7,692 | €7,692 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,237 | €46,170 | +€1,932 | +4.4% |
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 9 October 2026 via checked.be.