INGEN: 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.
INGEN
Largest movements
- Receivables within one year -€38,650
down €38,650 (-10.0%), from €384,964 to €346,313
of which Trade receivables: -€20,312
- Cash +€11,698
up €11,698 (+167%), from €6,987 to €18,684
mainly Net result for the year (+€42,182) and Receivables within one year (+€38,650)
- Reserves +€42,182
up €42,182 (+21.2%), from €199,021 to €241,203
of which Distributable reserves: +€42,182
- Trade debts -€30,762
down €30,762 (-66.2%), from €46,480 to €15,718
- Other debts -€24,765
down €24,765 (-34.0%), from €72,765 to €48,000
- Tax, wage and social debts -€13,788
down €13,788 (-52.9%), from €26,078 to €12,290
- Gross operating margin -€10,808
down €10,808 (-14.3%), from €75,415 to €64,608
- Taxes -€3,460
down €3,460 (-14.6%), from €23,770 to €20,311
- Depreciation -€1,262
down €1,262 (-83.2%), from €1,517 to €255
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 | €394,793 | €367,660 | -€27,133 | -6.9% |
| Fixed assets | 21/28 | €1,407 | €1,152 | -€255 | -18.1% |
| Tangible fixed assets | 22/27 | €1,407 | €1,152 | -€255 | -18.1% |
| Furniture and vehicles | 24 | €1,407 | €1,152 | -€255 | -18.1% |
| Current assets | 29/58 | €393,386 | €366,508 | -€26,878 | -6.8% |
| Amounts receivable within one year | 40/41 | €384,964 | €346,313 | -€38,650 | -10.0% |
| Trade receivables | 40 | €182,964 | €162,652 | -€20,312 | -11.1% |
| Other amounts receivable | 41 | €202,000 | €183,662 | -€18,338 | -9.1% |
| Cash at bank and in hand | 54/58 | €6,987 | €18,684 | +€11,698 | +167% |
| Deferred charges and accrued income | 490/1 | €1,436 | €1,511 | +€75 | +5.2% |
| Total equity and liabilities | 10/49 | €394,793 | €367,660 | -€27,133 | -6.9% |
| Equity | 10/15 | €249,471 | €291,653 | +€42,182 | +16.9% |
| Contributions | 10/11 | €50,450 | €50,450 | = | 0.0% |
| Reserves | 13 | €199,021 | €241,203 | +€42,182 | +21.2% |
| Tax-exempt reserves | 132 | €3,487 | €3,487 | = | 0.0% |
| Distributable reserves | 133 | €195,534 | €237,716 | +€42,182 | +21.6% |
| Amounts payable | 17/49 | €145,322 | €76,008 | -€69,315 | -47.7% |
| Amounts payable within one year | 42/48 | €145,322 | €76,008 | -€69,315 | -47.7% |
| Trade debts | 44 | €46,480 | €15,718 | -€30,762 | -66.2% |
| Suppliers | 440/4 | €46,480 | €15,718 | -€30,762 | -66.2% |
| Taxes, remuneration and social security | 45 | €26,078 | €12,290 | -€13,788 | -52.9% |
| Taxes | 450/3 | €26,078 | €12,290 | -€13,788 | -52.9% |
| Other amounts payable | 47/48 | €72,765 | €48,000 | -€24,765 | -34.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,517 | €255 | -€1,262 | -83.2% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €75,415 | €64,608 | -€10,808 | -14.3% |
| Operating profit (loss) | 9901 | €73,898 | €63,953 | -€9,945 | -13.5% |
| Financial charges | 65/66B | €1,575 | €1,460 | -€115 | -7.3% |
| Recurring financial charges | 65 | €1,575 | €1,460 | -€115 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €72,322 | €62,493 | -€9,830 | -13.6% |
| Income taxes | 67/77 | €23,770 | €20,311 | -€3,460 | -14.6% |
| Profit (loss) for the period | 9904 | €48,552 | €42,182 | -€6,370 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,552 | €42,182 | -€6,370 | -13.1% |
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 14 October 2026 via checked.be.