INGENIUM: 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.
What changed
INGENIUM
NACE 78.100, Employment placement agencies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€17,417
2024 · -€22,838+€5,421
Equity
€53,692
2024 · €71,110-€17,417
Cash
€48,442
2024 · €48,404+€38
Balance sheet total
€627,349
2024 · €792,614-€165,265
Largest movements
Assets
- Tangible fixed assets -€167,457
down €167,457 (-23.8%), from €702,521 to €535,065
of which Land and buildings: -€171,643
Equity and liabilities
- Other debts -€150,947
down €150,947 (-22.0%), from €686,094 to €535,148
- Profit (loss) carried forward -€17,417
down €17,417 (-68.9%), from -€25,287 to -€42,704
Income statement
- Gross operating margin +€5,914
up €5,914 (+11.2%), from €52,832 to €58,747
- Depreciation +€5,055
up €5,055 (+8.2%), from €61,270 to €66,324
- Financial charges -€2,939
down €2,939 (-57.0%), from €5,153 to €2,214
- Taxes -€1,078
down €1,078 (-47.5%), from €2,268 to €1,191
- Other operating charges -€808
down €808 (-10.2%), from €7,908 to €7,099
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
-€22,838
Gross operating margin
+€5,914
Depreciation
-€5,055
Other operating charges
+€808
Financial income
-€264
Financial charges
+€2,939
Taxes
+€1,078
Result 2025
-€17,417
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
-€106,445
Investment
+€100,120
Financing
+€6,363
Cash 2024
€48,404
From operations (derived)
-€106,445
Net result for the year
-€17,417
Depreciation
+€66,324
Receivables within one year
-€2,604
Deferred charges and accrued income
+€1,462
Trade debts
-€6,056
Tax, wage and social debts
+€2,792
Other debts
-€150,947
Investment (derived)
+€100,120
Investment in fixed assets (net)
+€101,002
Current investments
-€882
Financing
+€6,363
Debts after one year
+€6,488
Current portion of long-term debt
-€125
Cash 2025
€48,442
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €792,614 | €627,349 | -€165,265 | -20.9% |
| Fixed assets | 21/28 | €705,555 | €538,228 | -€167,327 | -23.7% |
| Tangible fixed assets | 22/27 | €702,521 | €535,065 | -€167,457 | -23.8% |
| Land and buildings | 22 | €654,435 | €482,792 | -€171,643 | -26.2% |
| Plant, machinery and equipment | 23 | €3,212 | €2,109 | -€1,103 | -34.3% |
| Furniture and vehicles | 24 | €43,876 | €49,444 | +€5,568 | +12.7% |
| Other tangible fixed assets | 26 | €998 | €720 | -€279 | -27.9% |
| Financial fixed assets | 28 | €3,033 | €3,163 | +€130 | +4.3% |
| Current assets | 29/58 | €87,060 | €89,121 | +€2,062 | +2.4% |
| Amounts receivable within one year | 40/41 | €6,669 | €9,272 | +€2,604 | +39.0% |
| Trade receivables | 40 | - | €8,929 | +€8,929 | |
| Other amounts receivable | 41 | €6,669 | €343 | -€6,326 | -94.9% |
| Current investments | 50/53 | €26,294 | €27,176 | +€882 | +3.4% |
| Cash at bank and in hand | 54/58 | €48,404 | €48,442 | +€38 | +0.1% |
| Deferred charges and accrued income | 490/1 | €5,692 | €4,230 | -€1,462 | -25.7% |
| Total equity and liabilities | 10/49 | €792,614 | €627,349 | -€165,265 | -20.9% |
| Equity | 10/15 | €71,110 | €53,692 | -€17,417 | -24.5% |
| Contributions | 10/11 | €7,218 | €7,218 | = | 0.0% |
| Reserves | 13 | €89,179 | €89,179 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,455 | €3,455 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,455 | €3,455 | = | 0.0% |
| Distributable reserves | 133 | €85,724 | €85,724 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,287 | -€42,704 | -€17,417 | -68.9% |
| Amounts payable | 17/49 | €721,505 | €573,657 | -€147,848 | -20.5% |
| Amounts payable after more than one year | 17 | €7,060 | €13,547 | +€6,488 | +91.9% |
| Financial debts | 170/4 | €7,060 | €13,547 | +€6,488 | +91.9% |
| Amounts payable within one year | 42/48 | €714,445 | €560,110 | -€154,335 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €13,637 | €13,512 | -€125 | -0.9% |
| Trade debts | 44 | €11,352 | €5,296 | -€6,056 | -53.3% |
| Suppliers | 440/4 | €11,352 | €5,296 | -€6,056 | -53.3% |
| Taxes, remuneration and social security | 45 | €3,361 | €6,153 | +€2,792 | +83.1% |
| Taxes | 450/3 | €2,469 | €5,292 | +€2,823 | +114.4% |
| Remuneration and social security | 454/9 | €892 | €861 | -€31 | -3.5% |
| Other amounts payable | 47/48 | €686,094 | €535,148 | -€150,947 | -22.0% |
| Non-recurring operating income | 76A | - | €7,650 | +€7,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,270 | €66,324 | +€5,055 | +8.2% |
| Other operating charges | 640/8 | €7,908 | €7,099 | -€808 | -10.2% |
| Gross operating margin | 9900 | €52,832 | €58,747 | +€5,914 | +11.2% |
| Operating profit (loss) | 9901 | -€16,345 | -€14,677 | +€1,668 | +10.2% |
| Financial income | 75/76B | €928 | €664 | -€264 | -28.5% |
| Recurring financial income | 75 | €928 | €664 | -€264 | -28.5% |
| Financial charges | 65/66B | €5,153 | €2,214 | -€2,939 | -57.0% |
| Recurring financial charges | 65 | €5,153 | €2,214 | -€2,939 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | -€20,570 | -€16,227 | +€4,343 | +21.1% |
| Income taxes | 67/77 | €2,268 | €1,191 | -€1,078 | -47.5% |
| Profit (loss) for the period | 9904 | -€22,838 | -€17,417 | +€5,421 | +23.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,838 | -€17,417 | +€5,421 | +23.7% |
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 5 October 2026 via checked.be.