Ingels Consulting: 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.
Ingels Consulting
Largest movements
- Tangible fixed assets -€53,992
down €53,992 (-6.8%), from €788,448 to €734,456
of which Land and buildings: -€34,705
- Cash -€29,111
down €29,111 (-25.1%), from €115,798 to €86,687
mainly Contributions, distributions and other (-€75,000) and Debts after one year (-€65,864)
- Receivables within one year -€25,887
down €25,887 (-43.9%), from €58,924 to €33,038
of which Trade receivables: -€16,026
- Debts after one year -€65,864
down €65,864 (-18.7%), from €351,381 to €285,517
- Other debts -€29,196
down €29,196 (-39.0%), from €74,930 to €45,735
- Trade debts -€14,787
down €14,787 (-87.8%), from €16,838 to €2,051
- Gross operating margin -€21,451
down €21,451 (-11.5%), from €186,258 to €164,807
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 | €966,152 | €857,272 | -€108,880 | -11.3% |
| Fixed assets | 21/28 | €788,448 | €734,456 | -€53,992 | -6.8% |
| Tangible fixed assets | 22/27 | €788,448 | €734,456 | -€53,992 | -6.8% |
| Land and buildings | 22 | €732,812 | €698,108 | -€34,705 | -4.7% |
| Plant, machinery and equipment | 23 | €3,609 | €2,539 | -€1,069 | -29.6% |
| Furniture and vehicles | 24 | €52,027 | €33,809 | -€18,218 | -35.0% |
| Current assets | 29/58 | €177,704 | €122,816 | -€54,887 | -30.9% |
| Amounts receivable within one year | 40/41 | €58,924 | €33,038 | -€25,887 | -43.9% |
| Trade receivables | 40 | €41,095 | €25,069 | -€16,026 | -39.0% |
| Other amounts receivable | 41 | €17,829 | €7,968 | -€9,861 | -55.3% |
| Cash at bank and in hand | 54/58 | €115,798 | €86,687 | -€29,111 | -25.1% |
| Deferred charges and accrued income | 490/1 | €2,981 | €3,091 | +€110 | +3.7% |
| Total equity and liabilities | 10/49 | €966,152 | €857,272 | -€108,880 | -11.3% |
| Equity | 10/15 | €451,315 | €449,633 | -€1,682 | -0.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €446,315 | €444,633 | -€1,682 | -0.4% |
| Distributable reserves | 133 | €446,315 | €444,633 | -€1,682 | -0.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €514,837 | €407,639 | -€107,198 | -20.8% |
| Amounts payable after more than one year | 17 | €351,381 | €285,517 | -€65,864 | -18.7% |
| Financial debts | 170/4 | €351,381 | €285,517 | -€65,864 | -18.7% |
| Amounts payable within one year | 42/48 | €158,122 | €114,882 | -€43,239 | -27.3% |
| Current portion of amounts payable after more than one year | 42 | €64,926 | €65,864 | +€938 | +1.4% |
| Trade debts | 44 | €16,838 | €2,051 | -€14,787 | -87.8% |
| Suppliers | 440/4 | €16,838 | €2,051 | -€14,787 | -87.8% |
| Taxes, remuneration and social security | 45 | €1,428 | €1,233 | -€195 | -13.6% |
| Taxes | 450/3 | €1,428 | €1,233 | -€195 | -13.6% |
| Other amounts payable | 47/48 | €74,930 | €45,735 | -€29,196 | -39.0% |
| Accrued charges and deferred income | 492/3 | €5,334 | €7,240 | +€1,906 | +35.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,734 | €53,992 | +€1,259 | +2.4% |
| Other operating charges | 640/8 | €3,431 | €3,187 | -€244 | -7.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €186,258 | €164,807 | -€21,451 | -11.5% |
| Operating profit (loss) | 9901 | €130,093 | €107,628 | -€22,465 | -17.3% |
| Financial income | 75/76B | €828 | €978 | +€150 | +18.1% |
| Recurring financial income | 75 | €828 | €978 | +€150 | +18.1% |
| Financial charges | 65/66B | €8,137 | €9,121 | +€984 | +12.1% |
| Recurring financial charges | 65 | €8,137 | €9,121 | +€984 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €122,784 | €99,485 | -€23,299 | -19.0% |
| Income taxes | 67/77 | €26,588 | €26,167 | -€421 | -1.6% |
| Profit (loss) for the period | 9904 | €96,196 | €73,318 | -€22,878 | -23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,196 | €73,318 | -€22,878 | -23.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.