INGENION: 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.
INGENION
Largest movements
- Cash +€71,816
up €71,816 (+37.2%), from €193,115 to €264,931
mainly Net result for the year (+€41,655) and Receivables within one year (+€24,387)
- Receivables within one year -€24,387
down €24,387 (-58.7%), from €41,577 to €17,190
of which Trade receivables: -€24,387
- Reserves +€63,852
up €63,852 (+60.8%), from €105,000 to €168,852
- Profit (loss) carried forward -€23,863
down €23,863 (-100.0%), from €23,863 to €0
- Tax, wage and social debts +€14,404
up €14,404 (+52.7%), from €27,356 to €41,759
of which Taxes: +€15,937
- Debts after one year -€13,231
down €13,231 (-1.4%), from €979,759 to €966,528
- Staff costs +€10,547
up €10,547 (+17.0%), from €61,950 to €72,496
- Taxes +€7,087
up €7,087 (+108.0%), from €6,563 to €13,649
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 | €1,258,638 | €1,307,343 | +€48,706 | +3.9% |
| Fixed assets | 21/28 | €1,021,433 | €1,021,433 | = | 0.0% |
| Tangible fixed assets | 22/27 | €316,050 | €316,050 | = | 0.0% |
| Land and buildings | 22 | €316,050 | €316,050 | = | 0.0% |
| Financial fixed assets | 28 | €705,383 | €705,383 | = | 0.0% |
| Current assets | 29/58 | €237,205 | €285,910 | +€48,706 | +20.5% |
| Amounts receivable within one year | 40/41 | €41,577 | €17,190 | -€24,387 | -58.7% |
| Trade receivables | 40 | €41,577 | €17,190 | -€24,387 | -58.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €193,115 | €264,931 | +€71,816 | +37.2% |
| Deferred charges and accrued income | 490/1 | €2,513 | €3,789 | +€1,277 | +50.8% |
| Total equity and liabilities | 10/49 | €1,258,638 | €1,307,343 | +€48,706 | +3.9% |
| Equity | 10/15 | €178,863 | €218,852 | +€39,989 | +22.4% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €105,000 | €168,852 | +€63,852 | +60.8% |
| Distributable reserves | 133 | €105,000 | €168,852 | +€63,852 | +60.8% |
| Profit (loss) carried forward | 14 | €23,863 | €0 | -€23,863 | -100.0% |
| Amounts payable | 17/49 | €1,079,775 | €1,088,491 | +€8,716 | +0.8% |
| Amounts payable after more than one year | 17 | €979,759 | €966,528 | -€13,231 | -1.4% |
| Financial debts | 170/4 | €979,759 | €966,528 | -€13,231 | -1.4% |
| Amounts payable within one year | 42/48 | €100,016 | €121,866 | +€21,849 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €12,881 | €13,231 | +€350 | +2.7% |
| Trade debts | 44 | €12,219 | €9,192 | -€3,027 | -24.8% |
| Suppliers | 440/4 | €12,219 | €9,192 | -€3,027 | -24.8% |
| Taxes, remuneration and social security | 45 | €27,356 | €41,759 | +€14,404 | +52.7% |
| Taxes | 450/3 | €13,368 | €29,305 | +€15,937 | +119.2% |
| Remuneration and social security | 454/9 | €13,988 | €12,454 | -€1,534 | -11.0% |
| Other amounts payable | 47/48 | €47,561 | €57,683 | +€10,122 | +21.3% |
| Accrued charges and deferred income | 492/3 | - | €98 | +€98 | |
| Non-recurring operating income | 76A | - | €34 | +€34 | |
| Remuneration, social security and pensions | 62 | €61,950 | €72,496 | +€10,547 | +17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €898 | €1,616 | +€718 | +80.0% |
| Non-recurring operating charges | 66A | €38,550 | €0 | -€38,550 | -100.0% |
| Gross operating margin | 9900 | €141,189 | €141,312 | +€123 | +0.1% |
| Operating profit (loss) | 9901 | €39,792 | €67,200 | +€27,408 | +68.9% |
| Financial income | 75/76B | €24 | €0 | -€24 | -100.0% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -100.0% |
| Financial charges | 65/66B | €11,520 | €11,896 | +€376 | +3.3% |
| Recurring financial charges | 65 | €11,520 | €11,896 | +€376 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €28,296 | €55,305 | +€27,009 | +95.5% |
| Income taxes | 67/77 | €6,563 | €13,649 | +€7,087 | +108.0% |
| Profit (loss) for the period | 9904 | €21,733 | €41,655 | +€19,922 | +91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,733 | €41,655 | +€19,922 | +91.7% |
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 10 October 2026 via checked.be.