Ingenious A: 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.
Ingenious A
Largest movements
- Financial fixed assets +€720,800
up €720,800 (+32.7%), from €2.2m to €2.9m
- Receivables within one year +€88,954
up €88,954 (+192.8%), from €46,143 to €135,097
of which Trade receivables: +€88,079
- Debts after one year +€700,410
up €700,410 (+33.5%), from €2.1m to €2.8m
- Current portion of long-term debt +€71,404
up €71,404 (+147.2%), from €48,499 to €119,903
- Gross operating margin -€30,163
down €30,163 (-19.9%), from €151,271 to €121,108
- Taxes -€12,001
down €12,001 (-61.6%), from €19,494 to €7,492
- Financial charges +€6,144
up €6,144 (+8.3%), from €73,712 to €79,856
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 | €2,265,150 | €3,080,870 | +€815,720 | +36.0% |
| Fixed assets | 21/28 | €2,210,071 | €2,929,272 | +€719,201 | +32.5% |
| Tangible fixed assets | 22/27 | €6,071 | €4,472 | -€1,599 | -26.3% |
| Furniture and vehicles | 24 | €6,071 | €4,472 | -€1,599 | -26.3% |
| Financial fixed assets | 28 | €2,204,000 | €2,924,800 | +€720,800 | +32.7% |
| Current assets | 29/58 | €55,079 | €151,599 | +€96,520 | +175.2% |
| Amounts receivable within one year | 40/41 | €46,143 | €135,097 | +€88,954 | +192.8% |
| Trade receivables | 40 | €42,352 | €130,431 | +€88,079 | +208.0% |
| Other amounts receivable | 41 | €3,791 | €4,666 | +€875 | +23.1% |
| Cash at bank and in hand | 54/58 | €8,092 | €14,397 | +€6,304 | +77.9% |
| Deferred charges and accrued income | 490/1 | €844 | €2,105 | +€1,261 | +149.5% |
| Total equity and liabilities | 10/49 | €2,265,150 | €3,080,870 | +€815,720 | +36.0% |
| Equity | 10/15 | €70,900 | €81,466 | +€10,566 | +14.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €91,815 | €74,168 | -€17,647 | -19.2% |
| Distributable reserves | 133 | €91,815 | €74,168 | -€17,647 | -19.2% |
| Profit (loss) carried forward | 14 | -€21,915 | €6,298 | +€28,213 | |
| Amounts payable | 17/49 | €2,194,250 | €2,999,404 | +€805,155 | +36.7% |
| Amounts payable after more than one year | 17 | €2,087,702 | €2,788,112 | +€700,410 | +33.5% |
| Financial debts | 170/4 | €2,087,702 | €2,788,112 | +€700,410 | +33.5% |
| Amounts payable within one year | 42/48 | €106,548 | €199,122 | +€92,574 | +86.9% |
| Current portion of amounts payable after more than one year | 42 | €48,499 | €119,903 | +€71,404 | +147.2% |
| Trade debts | 44 | €4,090 | €4,997 | +€907 | +22.2% |
| Suppliers | 440/4 | €4,090 | €4,997 | +€907 | +22.2% |
| Taxes, remuneration and social security | 45 | €53,902 | €71,595 | +€17,693 | +32.8% |
| Taxes | 450/3 | €43,400 | €57,171 | +€13,771 | +31.7% |
| Remuneration and social security | 454/9 | €10,502 | €14,424 | +€3,922 | +37.3% |
| Other amounts payable | 47/48 | €58 | €2,627 | +€2,570 | +4453.3% |
| Accrued charges and deferred income | 492/3 | - | €12,171 | +€12,171 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,860 | €1,599 | -€261 | -14.0% |
| Other operating charges | 640/8 | €4,711 | €3,948 | -€763 | -16.2% |
| Gross operating margin | 9900 | €151,271 | €121,108 | -€30,163 | -19.9% |
| Operating profit (loss) | 9901 | €144,700 | €115,561 | -€29,139 | -20.1% |
| Financial charges | 65/66B | €73,712 | €79,856 | +€6,144 | +8.3% |
| Recurring financial charges | 65 | €73,712 | €79,856 | +€6,144 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €70,988 | €35,705 | -€35,283 | -49.7% |
| Income taxes | 67/77 | €19,494 | €7,492 | -€12,001 | -61.6% |
| Profit (loss) for the period | 9904 | €51,495 | €28,213 | -€23,282 | -45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,495 | €28,213 | -€23,282 | -45.2% |
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 9 October 2026 via checked.be.