Ingenio-GRC: 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.
Ingenio-GRC
Largest movements
- Receivables within one year -€81,256
down €81,256 (-38.1%), from €213,063 to €131,807
of which Trade receivables: -€69,390
- Cash +€58,056
up €58,056 (+42.3%), from €137,395 to €195,450
mainly Net result for the year (+€221,527) and Receivables within one year (+€81,256)
- Stocks and contracts -€13,718
down €13,718 (-100.0%), from €13,718 to €0
- Deferred charges and accrued income -€11,396
down €11,396 (-67.5%), from €16,872 to €5,476
- Other debts -€22,000
down €22,000 (-95.6%), from €23,021 to €1,021
- Tax, wage and social debts -€14,520
down €14,520 (-32.5%), from €44,709 to €30,189
- Reserves -€13,767
down €13,767 (-4.7%), from €291,467 to €277,701
- Gross operating margin -€41,229
down €41,229 (-12.2%), from €338,930 to €297,701
- Taxes -€10,480
down €10,480 (-13.1%), from €79,869 to €69,388
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 | €386,886 | €336,764 | -€50,123 | -13.0% |
| Fixed assets | 21/28 | €5,838 | €4,030 | -€1,808 | -31.0% |
| Tangible fixed assets | 22/27 | €5,838 | €4,030 | -€1,808 | -31.0% |
| Plant, machinery and equipment | 23 | €3,626 | €3,138 | -€488 | -13.5% |
| Furniture and vehicles | 24 | €2,212 | €892 | -€1,320 | -59.7% |
| Current assets | 29/58 | €381,048 | €332,734 | -€48,314 | -12.7% |
| Stocks and contracts in progress | 3 | €13,718 | €0 | -€13,718 | -100.0% |
| Contracts in progress | 37 | €13,718 | €0 | -€13,718 | -100.0% |
| Amounts receivable within one year | 40/41 | €213,063 | €131,807 | -€81,256 | -38.1% |
| Trade receivables | 40 | €200,238 | €130,847 | -€69,390 | -34.7% |
| Other amounts receivable | 41 | €12,826 | €960 | -€11,865 | -92.5% |
| Cash at bank and in hand | 54/58 | €137,395 | €195,450 | +€58,056 | +42.3% |
| Deferred charges and accrued income | 490/1 | €16,872 | €5,476 | -€11,396 | -67.5% |
| Total equity and liabilities | 10/49 | €386,886 | €336,764 | -€50,123 | -13.0% |
| Equity | 10/15 | €310,067 | €296,301 | -€13,767 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €291,467 | €277,701 | -€13,767 | -4.7% |
| Distributable reserves | 133 | €291,467 | €277,701 | -€13,767 | -4.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €76,819 | €40,463 | -€36,356 | -47.3% |
| Amounts payable within one year | 42/48 | €76,819 | €40,463 | -€36,356 | -47.3% |
| Trade debts | 44 | €9,089 | €9,253 | +€164 | +1.8% |
| Suppliers | 440/4 | €9,089 | €9,253 | +€164 | +1.8% |
| Taxes, remuneration and social security | 45 | €44,709 | €30,189 | -€14,520 | -32.5% |
| Taxes | 450/3 | €44,709 | €30,189 | -€14,520 | -32.5% |
| Other amounts payable | 47/48 | €23,021 | €1,021 | -€22,000 | -95.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,145 | €1,808 | -€336 | -15.7% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €338,930 | €297,701 | -€41,229 | -12.2% |
| Operating profit (loss) | 9901 | €336,257 | €295,348 | -€40,909 | -12.2% |
| Financial income | 75/76B | €959 | €0 | -€959 | -100.0% |
| Recurring financial income | 75 | €959 | €0 | -€959 | -100.0% |
| Financial charges | 65/66B | €3,613 | €4,433 | +€820 | +22.7% |
| Recurring financial charges | 65 | €3,613 | €4,433 | +€820 | +22.7% |
| Profit (loss) for the period before taxes | 9903 | €333,602 | €290,916 | -€42,687 | -12.8% |
| Income taxes | 67/77 | €79,869 | €69,388 | -€10,480 | -13.1% |
| Profit (loss) for the period | 9904 | €253,734 | €221,527 | -€32,206 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €253,734 | €221,527 | -€32,206 | -12.7% |
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 11 October 2026 via checked.be.