INGENSOL: 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.
INGENSOL
Largest movements
- Receivables after one year -€79,000
down €79,000 (-61.2%), from €129,000 to €50,000
- Cash +€66,965
up €66,965 (+90.4%), from €74,095 to €141,060
mainly Other debts (+€84,022) and Receivables after one year (+€79,000)
- Receivables within one year -€30,781
down €30,781 (-48.7%), from €63,246 to €32,465
of which Trade receivables: -€16,411
- Tangible fixed assets -€16,618
down €16,618 (-3.0%), from €547,877 to €531,259
of which Land and buildings: -€14,495
- Reserves -€123,582
down €123,582 (-22.2%), from €555,655 to €432,073
of which Distributable reserves: -€123,582
- Other debts +€84,022
up €84,022 (+639.9%), from €13,131 to €97,153
- Debts after one year -€25,227
down €25,227 (-13.1%), from €192,197 to €166,969
- Gross operating margin +€47,555
up €47,555 (+113.8%), from €41,798 to €89,352
- Taxes +€13,279
up €13,279 (+208.4%), from €6,373 to €19,652
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 | €816,949 | €756,784 | -€60,164 | -7.4% |
| Fixed assets | 21/28 | €547,877 | €531,259 | -€16,618 | -3.0% |
| Tangible fixed assets | 22/27 | €547,877 | €531,259 | -€16,618 | -3.0% |
| Land and buildings | 22 | €520,759 | €506,264 | -€14,495 | -2.8% |
| Plant, machinery and equipment | 23 | €3,627 | €2,538 | -€1,089 | -30.0% |
| Furniture and vehicles | 24 | €4,415 | €5,526 | +€1,111 | +25.2% |
| Other tangible fixed assets | 26 | €19,076 | €16,931 | -€2,145 | -11.2% |
| Current assets | 29/58 | €269,072 | €225,525 | -€43,547 | -16.2% |
| Amounts receivable after more than one year | 29 | €129,000 | €50,000 | -€79,000 | -61.2% |
| Other amounts receivable | 291 | €129,000 | €50,000 | -€79,000 | -61.2% |
| Amounts receivable within one year | 40/41 | €63,246 | €32,465 | -€30,781 | -48.7% |
| Trade receivables | 40 | €39,618 | €23,208 | -€16,411 | -41.4% |
| Other amounts receivable | 41 | €23,627 | €9,257 | -€14,370 | -60.8% |
| Cash at bank and in hand | 54/58 | €74,095 | €141,060 | +€66,965 | +90.4% |
| Deferred charges and accrued income | 490/1 | €2,731 | €2,000 | -€731 | -26.8% |
| Total equity and liabilities | 10/49 | €816,949 | €756,784 | -€60,164 | -7.4% |
| Equity | 10/15 | €574,255 | €450,673 | -€123,582 | -21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €555,655 | €432,073 | -€123,582 | -22.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €553,795 | €430,213 | -€123,582 | -22.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €242,694 | €306,111 | +€63,418 | +26.1% |
| Amounts payable after more than one year | 17 | €192,197 | €166,969 | -€25,227 | -13.1% |
| Financial debts | 170/4 | €192,197 | €166,969 | -€25,227 | -13.1% |
| Amounts payable within one year | 42/48 | €48,602 | €137,217 | +€88,615 | +182.3% |
| Current portion of amounts payable after more than one year | 42 | €25,227 | €25,227 | = | 0.0% |
| Trade debts | 44 | €2,828 | €2,817 | -€12 | -0.4% |
| Suppliers | 440/4 | €2,828 | €2,817 | -€12 | -0.4% |
| Taxes, remuneration and social security | 45 | €7,415 | €12,021 | +€4,606 | +62.1% |
| Taxes | 450/3 | €7,415 | €12,021 | +€4,606 | +62.1% |
| Other amounts payable | 47/48 | €13,131 | €97,153 | +€84,022 | +639.9% |
| Accrued charges and deferred income | 492/3 | €1,895 | €1,925 | +€30 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,713 | €19,530 | +€817 | +4.4% |
| Other operating charges | 640/8 | €2,941 | €2,960 | +€19 | +0.6% |
| Gross operating margin | 9900 | €41,798 | €89,352 | +€47,555 | +113.8% |
| Operating profit (loss) | 9901 | €20,143 | €66,862 | +€46,719 | +231.9% |
| Financial income | 75/76B | €4,938 | €5,584 | +€646 | +13.1% |
| Recurring financial income | 75 | €4,938 | €5,584 | +€646 | +13.1% |
| Financial charges | 65/66B | €5,226 | €4,468 | -€758 | -14.5% |
| Recurring financial charges | 65 | €5,226 | €4,468 | -€758 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €19,855 | €67,978 | +€48,123 | +242.4% |
| Income taxes | 67/77 | €6,373 | €19,652 | +€13,279 | +208.4% |
| Profit (loss) for the period | 9904 | €13,482 | €48,326 | +€34,843 | +258.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,482 | €48,326 | +€34,843 | +258.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.