INGENIOR: what changed
Two fiscal 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.
INGENIOR
Largest movements
- Receivables within one year -€14,848
down €14,848 (-20.8%), from €71,457 to €56,609
of which Other amounts receivable: -€27,662
- Tangible fixed assets -€4,717
down €4,717 (-38.4%), from €12,272 to €7,556
- Deferred charges and accrued income -€3,233
down €3,233 (-29.3%), from €11,030 to €7,797
- Profit (loss) carried forward +€16,597
new in 2025: €16,597
- Tax, wage and social debts -€12,613
down €12,613 (-46.5%), from €27,117 to €14,504
of which Taxes: -€14,852
- Short-term financial debts -€11,124
down €11,124 (-64.0%), from €17,381 to €6,257
- Reserves -€10,550
no longer reported in 2025 (was €10,550)
- Trade debts -€3,184
down €3,184 (-42.9%), from €7,423 to €4,239
- Depreciation +€2,839
up €2,839 (+102.2%), from €2,777 to €5,617
- Gross operating margin -€2,654
down €2,654 (-2.1%), from €124,046 to €121,392
- Other operating charges -€2,345
down €2,345 (-54.5%), from €4,307 to €1,961
- Staff costs -€2,262
down €2,262 (-4.9%), from €45,747 to €43,485
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 | €99,295 | €75,597 | -€23,697 | -23.9% |
| Fixed assets | 21/28 | €16,766 | €11,150 | -€5,617 | -33.5% |
| Intangible fixed assets | 21 | €3,144 | €2,244 | -€900 | -28.6% |
| Tangible fixed assets | 22/27 | €12,272 | €7,556 | -€4,717 | -38.4% |
| Furniture and vehicles | 24 | €12,272 | €7,556 | -€4,717 | -38.4% |
| Financial fixed assets | 28 | €1,350 | €1,350 | = | 0.0% |
| Current assets | 29/58 | €82,528 | €64,448 | -€18,081 | -21.9% |
| Amounts receivable within one year | 40/41 | €71,457 | €56,609 | -€14,848 | -20.8% |
| Trade receivables | 40 | €36,998 | €49,812 | +€12,814 | +34.6% |
| Other amounts receivable | 41 | €34,459 | €6,797 | -€27,662 | -80.3% |
| Cash at bank and in hand | 54/58 | €42 | €42 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €11,030 | €7,797 | -€3,233 | -29.3% |
| Total equity and liabilities | 10/49 | €99,295 | €75,597 | -€23,697 | -23.9% |
| Equity | 10/15 | €11,550 | €17,597 | +€6,047 | +52.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,550 | - | -€10,550 | |
| Distributable reserves | 133 | €10,550 | - | -€10,550 | |
| Profit (loss) carried forward | 14 | - | €16,597 | +€16,597 | |
| Amounts payable | 17/49 | €87,745 | €58,000 | -€29,744 | -33.9% |
| Amounts payable within one year | 42/48 | €87,745 | €58,000 | -€29,744 | -33.9% |
| Financial debts | 43 | €17,381 | €6,257 | -€11,124 | -64.0% |
| Credit institutions | 430/8 | €17,381 | €6,257 | -€11,124 | -64.0% |
| Trade debts | 44 | €7,423 | €4,239 | -€3,184 | -42.9% |
| Suppliers | 440/4 | €7,423 | €4,239 | -€3,184 | -42.9% |
| Taxes, remuneration and social security | 45 | €27,117 | €14,504 | -€12,613 | -46.5% |
| Taxes | 450/3 | €18,384 | €3,533 | -€14,852 | -80.8% |
| Remuneration and social security | 454/9 | €8,733 | €10,971 | +€2,238 | +25.6% |
| Other amounts payable | 47/48 | €35,823 | €33,000 | -€2,823 | -7.9% |
| Non-recurring operating income | 76A | €11,250 | - | -€11,250 | |
| Remuneration, social security and pensions | 62 | €45,747 | €43,485 | -€2,262 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,777 | €5,617 | +€2,839 | +102.2% |
| Other operating charges | 640/8 | €4,307 | €1,961 | -€2,345 | -54.5% |
| Gross operating margin | 9900 | €124,046 | €121,392 | -€2,654 | -2.1% |
| Operating profit (loss) | 9901 | €71,215 | €70,329 | -€886 | -1.2% |
| Financial income | 75/76B | €251 | €3 | -€248 | -98.9% |
| Recurring financial income | 75 | €251 | €3 | -€248 | -98.9% |
| Financial charges | 65/66B | €1,774 | €1,607 | -€167 | -9.4% |
| Recurring financial charges | 65 | €1,774 | €1,607 | -€167 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €69,693 | €68,725 | -€968 | -1.4% |
| Income taxes | 67/77 | €18,517 | €19,128 | +€610 | +3.3% |
| Profit (loss) for the period | 9904 | €51,176 | €49,597 | -€1,578 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €51,176 | €49,597 | -€1,578 | -3.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.