INGENIUM: 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.
What changed
INGENIUM
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€423,019
2024 · €823,474-€400,455
Equity
€2.2m
2024 · €2.1m+€103,130
Cash
€2.6m
2024 · €1.4m+€1.2m
Balance sheet total
€13.4m
2024 · €12.0m+€1.4m
Largest movements
Assets
- Cash +€1.2m
up €1.2m (+83.2%), from €1.4m to €2.6m
mainly Advances received (+€1.6m) and Receivables within one year (+€645,762)
- Financial fixed assets +€677,337
up €677,337 (+120.5%), from €561,957 to €1.2m
of which Companies linked by participating interests: +€596,297
- Receivables within one year -€645,762
down €645,762 (-16.5%), from €3.9m to €3.3m
of which Trade receivables: -€775,918
- Stocks and contracts +€445,610
up €445,610 (+12.5%), from €3.6m to €4.0m
- Current investments -€244,548
down €244,548 (-12.1%), from €2.0m to €1.8m
Equity and liabilities
- Advances received +€1.6m
up €1.6m (+28.3%), from €5.6m to €7.2m
- Other debts -€307,798
down €307,798 (-49.0%), from €627,687 to €319,889
- Debts after one year +€220,980
up €220,980 (+69.5%), from €317,740 to €538,720
of which Financial debts: +€219,580
- Trade debts -€163,862
down €163,862 (-13.2%), from €1.2m to €1.1m
Income statement
- Turnover -€2.1m
down €2.1m (-13.7%), from €15.4m to €13.3m
- Staff costs +€599,068
up €599,068 (+7.4%), from €8.1m to €8.7m
- Goods and materials -€473,891
down €473,891 (-10.2%), from €4.7m to €4.2m
- Write-downs +€353,768
up €353,768 (+209.3%), from €169,037 to €522,805
- Other operating income +€260,025
up €260,025 (+62.1%), from €419,015 to €679,039
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.
Result 2024
€823,474
Turnover
-€2.1m
Other operating income
+€260,025
Goods and materials
+€473,891
Services and other goods
-€181,314
Staff costs
-€599,068
Depreciation
+€11,273
Write-downs
-€353,768
Provisions
+€114,510
Other operating charges
+€753
Other operating items
+€1.9m
Financial income
+€42,888
Financial charges
-€58,937
Taxes
+€113,905
Result 2025
€423,019
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.
From operations
+€1.7m
Investment
-€526,447
Financing
-€30,806
Cash 2024
€1.4m
From operations (derived)
+€1.7m
Net result for the year
+€423,019
Depreciation
+€198,558
Stocks and contracts
-€445,610
Receivables within one year
+€645,762
Deferred charges and accrued income
-€78,436
Provisions
-€67,717
Trade debts
-€163,862
Tax, wage and social debts
-€52,961
Advances received
+€1.6m
Other debts
-€307,798
Investment (derived)
-€526,447
Investment in fixed assets (net)
-€770,996
Current investments
+€244,548
Financing
-€30,806
Debts after one year
+€220,980
Current portion of long-term debt
+€68,104
Contributions, distributions and other
-€319,889
Cash 2025
€2.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,006,695 | €13,396,460 | +€1.4m | +11.6% |
| Fixed assets | 21/28 | €969,506 | €1,541,945 | +€572,438 | +59.0% |
| Intangible fixed assets | 21 | €105,639 | €34,477 | -€71,162 | -67.4% |
| Tangible fixed assets | 22/27 | €301,911 | €268,173 | -€33,737 | -11.2% |
| Plant, machinery and equipment | 23 | €254,003 | €244,506 | -€9,497 | -3.7% |
| Furniture and vehicles | 24 | €47,908 | €23,667 | -€24,240 | -50.6% |
| Financial fixed assets | 28 | €561,957 | €1,239,294 | +€677,337 | +120.5% |
| Affiliated companies | 280/1 | €465,003 | €542,503 | +€77,500 | +16.7% |
| Participating interests | 280 | €465,003 | €542,503 | +€77,500 | +16.7% |
| Companies linked by participating interests | 282/3 | €0 | €596,297 | +€596,297 | |
| Participating interests | 282 | €0 | €596,297 | +€596,297 | |
| Other financial fixed assets | 284/8 | €96,954 | €100,494 | +€3,540 | +3.7% |
| Shares | 284 | €6,124 | €6,124 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €90,830 | €94,370 | +€3,540 | +3.9% |
| Current assets | 29/58 | €11,037,189 | €11,854,515 | +€817,327 | +7.4% |
| Stocks and contracts in progress | 3 | €3,560,307 | €4,005,917 | +€445,610 | +12.5% |
| Contracts in progress | 37 | €3,560,307 | €4,005,917 | +€445,610 | +12.5% |
| Amounts receivable within one year | 40/41 | €3,913,257 | €3,267,495 | -€645,762 | -16.5% |
| Trade receivables | 40 | €3,908,075 | €3,132,157 | -€775,918 | -19.9% |
| Other amounts receivable | 41 | €5,182 | €135,338 | +€130,156 | +2511.6% |
| Current investments | 50/53 | €2,024,180 | €1,779,632 | -€244,548 | -12.1% |
| Other investments | 51/53 | €2,024,180 | €1,779,632 | -€244,548 | -12.1% |
| Cash at bank and in hand | 54/58 | €1,422,414 | €2,606,005 | +€1.2m | +83.2% |
| Deferred charges and accrued income | 490/1 | €117,031 | €195,467 | +€78,436 | +67.0% |
| Total equity and liabilities | 10/49 | €12,006,695 | €13,396,460 | +€1.4m | +11.6% |
| Equity | 10/15 | €2,119,522 | €2,222,651 | +€103,130 | +4.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,057,522 | €2,160,651 | +€103,130 | +5.0% |
| Non-distributable reserves | 130/1 | €497,600 | €497,600 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €491,400 | €491,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,541,172 | €1,644,301 | +€103,130 | +6.7% |
| Provisions and deferred taxes | 16 | €369,951 | €302,234 | -€67,717 | -18.3% |
| Provisions for liabilities and charges | 160/5 | €369,951 | €302,234 | -€67,717 | -18.3% |
| Other liabilities and charges | 164/5 | €369,951 | €302,234 | -€67,717 | -18.3% |
| Amounts payable | 17/49 | €9,517,223 | €10,871,575 | +€1.4m | +14.2% |
| Amounts payable after more than one year | 17 | €317,740 | €538,720 | +€220,980 | +69.5% |
| Financial debts | 170/4 | €317,740 | €537,320 | +€219,580 | +69.1% |
| Credit institutions | 173 | €317,740 | €537,320 | +€219,580 | +69.1% |
| Other amounts payable | 178/9 | - | €1,400 | +€1,400 | |
| Amounts payable within one year | 42/48 | €9,199,482 | €10,332,855 | +€1.1m | +12.3% |
| Current portion of amounts payable after more than one year | 42 | €89,257 | €157,361 | +€68,104 | +76.3% |
| Trade debts | 44 | €1,239,756 | €1,075,894 | -€163,862 | -13.2% |
| Suppliers | 440/4 | €1,239,756 | €1,075,894 | -€163,862 | -13.2% |
| Advances received on contracts in progress | 46 | €5,623,669 | €7,213,560 | +€1.6m | +28.3% |
| Taxes, remuneration and social security | 45 | €1,619,112 | €1,566,151 | -€52,961 | -3.3% |
| Taxes | 450/3 | €306,735 | €343,683 | +€36,948 | +12.0% |
| Remuneration and social security | 454/9 | €1,312,378 | €1,222,468 | -€89,909 | -6.9% |
| Other amounts payable | 47/48 | €627,687 | €319,889 | -€307,798 | -49.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Operating income | 70/76A | €17,188,353 | €17,223,765 | +€35,412 | +0.2% |
| Turnover | 70 | €15,394,000 | €13,291,033 | -€2.1m | -13.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,375,338 | €3,253,692 | +€1.9m | +136.6% |
| Other operating income | 74 | €419,015 | €679,039 | +€260,025 | +62.1% |
| Operating charges | 60/66A | €16,176,152 | €16,709,875 | +€533,723 | +3.3% |
| Goods for resale, raw materials and consumables | 60 | €4,667,040 | €4,193,149 | -€473,891 | -10.2% |
| Purchases | 600/8 | €4,667,040 | €4,193,149 | -€473,891 | -10.2% |
| Services and other goods | 61 | €2,972,552 | €3,153,866 | +€181,314 | +6.1% |
| Remuneration, social security and pensions | 62 | €8,100,465 | €8,699,534 | +€599,068 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €209,830 | €198,558 | -€11,273 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €169,037 | €522,805 | +€353,768 | +209.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €46,793 | -€67,717 | -€114,510 | |
| Other operating charges | 640/8 | €10,434 | €9,682 | -€753 | -7.2% |
| Operating profit (loss) | 9901 | €1,012,201 | €513,890 | -€498,311 | -49.2% |
| Financial income | 75/76B | €63,160 | €106,048 | +€42,888 | +67.9% |
| Recurring financial income | 75 | €63,160 | €106,048 | +€42,888 | +67.9% |
| Income from current assets | 751 | €49,108 | €48,777 | -€331 | -0.7% |
| Other financial income | 752/9 | €14,052 | €57,270 | +€43,219 | +307.6% |
| Financial charges | 65/66B | -€11,030 | €47,907 | +€58,937 | |
| Recurring financial charges | 65 | -€11,030 | €47,907 | +€58,937 | |
| Debt charges | 650 | €26,219 | €41,603 | +€15,385 | +58.7% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€61,392 | €0 | +€61,392 | |
| Other financial charges | 652/9 | €24,143 | €6,304 | -€17,839 | -73.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €1,086,391 | €572,031 | -€514,361 | -47.3% |
| Income taxes | 67/77 | €262,917 | €149,012 | -€113,905 | -43.3% |
| Taxes | 670/3 | €262,917 | €149,012 | -€113,905 | -43.3% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €823,474 | €423,019 | -€400,455 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €823,474 | €423,019 | -€400,455 | -48.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.