INGENIUM RH: 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.
INGENIUM RH
Largest movements
- Cash -€58,296
down €58,296 (-25.3%), from €230,272 to €171,976
mainly Net result for the year (-€85,107) and Receivables within one year (-€3,378)
- Receivables within one year +€3,378
up €3,378 (+17.1%), from €19,736 to €23,113
of which Trade receivables: +€6,445
- Tangible fixed assets -€2,789
down €2,789 (-51.1%), from €5,456 to €2,667
of which Furniture and vehicles: -€1,624
- Profit (loss) carried forward -€85,107
down €85,107, from €20,363 to -€64,744
- Other debts +€26,057
up €26,057 (+23.7%), from €109,778 to €135,835
- Gross operating margin -€88,092
down €88,092, from €64,108 to -€23,984
- Financial charges +€46,860
up €46,860 (+523%), from €8,964 to €55,824
- Taxes -€2,497
down €2,497 (-84.6%), from €2,951 to €454
- Other operating charges +€935
up €935 (+82.9%), from €1,127 to €2,062
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.
Derived cash bridge
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 | €257,183 | €199,510 | -€57,673 | -22.4% |
| Fixed assets | 21/28 | €6,656 | €3,867 | -€2,789 | -41.9% |
| Tangible fixed assets | 22/27 | €5,456 | €2,667 | -€2,789 | -51.1% |
| Plant, machinery and equipment | 23 | €2,443 | €1,277 | -€1,166 | -47.7% |
| Furniture and vehicles | 24 | €3,013 | €1,389 | -€1,624 | -53.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €250,527 | €195,643 | -€54,884 | -21.9% |
| Amounts receivable within one year | 40/41 | €19,736 | €23,113 | +€3,378 | +17.1% |
| Trade receivables | 40 | €16,640 | €23,085 | +€6,445 | +38.7% |
| Other amounts receivable | 41 | €3,096 | €29 | -€3,067 | -99.1% |
| Cash at bank and in hand | 54/58 | €230,272 | €171,976 | -€58,296 | -25.3% |
| Deferred charges and accrued income | 490/1 | €520 | €554 | +€34 | +6.5% |
| Total equity and liabilities | 10/49 | €257,183 | €199,510 | -€57,673 | -22.4% |
| Equity | 10/15 | €141,268 | €56,161 | -€85,107 | -60.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €102,355 | €102,355 | = | 0.0% |
| Distributable reserves | 133 | €102,355 | €102,355 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,363 | -€64,744 | -€85,107 | |
| Amounts payable | 17/49 | €115,915 | €143,349 | +€27,434 | +23.7% |
| Amounts payable within one year | 42/48 | €115,894 | €143,349 | +€27,455 | +23.7% |
| Trade debts | 44 | €170 | €291 | +€121 | +71.4% |
| Suppliers | 440/4 | €170 | €291 | +€121 | +71.4% |
| Taxes, remuneration and social security | 45 | €5,947 | €7,223 | +€1,276 | +21.5% |
| Taxes | 450/3 | €5,947 | €7,187 | +€1,240 | +20.9% |
| Remuneration and social security | 454/9 | €0 | €36 | +€36 | |
| Other amounts payable | 47/48 | €109,778 | €135,835 | +€26,057 | +23.7% |
| Accrued charges and deferred income | 492/3 | €21 | €0 | -€21 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,928 | €2,789 | -€139 | -4.8% |
| Other operating charges | 640/8 | €1,127 | €2,062 | +€935 | +82.9% |
| Gross operating margin | 9900 | €64,108 | -€23,984 | -€88,092 | |
| Operating profit (loss) | 9901 | €60,052 | -€28,835 | -€88,887 | |
| Financial income | 75/76B | €3 | €6 | +€3 | +99.3% |
| Recurring financial income | 75 | €3 | €6 | +€3 | +99.3% |
| Financial charges | 65/66B | €8,964 | €55,824 | +€46,860 | +523% |
| Recurring financial charges | 65 | €8,964 | €55,824 | +€46,860 | +523% |
| Profit (loss) for the period before taxes | 9903 | €51,091 | -€84,653 | -€135,744 | |
| Income taxes | 67/77 | €2,951 | €454 | -€2,497 | -84.6% |
| Profit (loss) for the period | 9904 | €48,140 | -€85,107 | -€133,247 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,140 | -€85,107 | -€133,247 |
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 20 October 2026 via checked.be.