INGERI: 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.
INGERI
Largest movements
- Cash +€115,451
up €115,451 (+63.0%), from €183,310 to €298,761
mainly Net result for the year (+€229,296) and Other debts (+€185,169)
- Deferred charges and accrued income +€89,046
up €89,046 (+185.8%), from €47,926 to €136,972
- Other debts +€185,169
up €185,169 (+157.3%), from €117,700 to €302,868
- Tax, wage and social debts +€30,446
up €30,446 (+183.8%), from €16,564 to €47,010
of which Taxes: +€34,785
- Debts after one year -€7,919
down €7,919 (-3.2%), from €247,169 to €239,251
- Trade debts -€6,935
down €6,935 (-66.3%), from €10,452 to €3,517
- Gross operating margin +€23,275
up €23,275 (+7.9%), from €293,420 to €316,694
- Taxes +€7,560
up €7,560 (+10.5%), from €72,225 to €79,785
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 | €420,161 | €621,024 | +€200,864 | +47.8% |
| Fixed assets | 21/28 | €130,425 | €126,792 | -€3,633 | -2.8% |
| Tangible fixed assets | 22/27 | €130,425 | €126,792 | -€3,633 | -2.8% |
| Land and buildings | 22 | €128,984 | €125,971 | -€3,013 | -2.3% |
| Furniture and vehicles | 24 | €1,440 | €821 | -€620 | -43.0% |
| Current assets | 29/58 | €289,736 | €494,233 | +€204,497 | +70.6% |
| Amounts receivable after more than one year | 29 | €58,500 | €58,500 | = | 0.0% |
| Trade receivables | 290 | €58,500 | €58,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €183,310 | €298,761 | +€115,451 | +63.0% |
| Deferred charges and accrued income | 490/1 | €47,926 | €136,972 | +€89,046 | +185.8% |
| Total equity and liabilities | 10/49 | €420,161 | €621,024 | +€200,864 | +47.8% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €399,701 | €600,564 | +€200,864 | +50.3% |
| Amounts payable after more than one year | 17 | €247,169 | €239,251 | -€7,919 | -3.2% |
| Financial debts | 170/4 | €247,169 | €239,251 | -€7,919 | -3.2% |
| Amounts payable within one year | 42/48 | €152,532 | €361,314 | +€208,782 | +136.9% |
| Current portion of amounts payable after more than one year | 42 | €7,816 | €7,919 | +€102 | +1.3% |
| Trade debts | 44 | €10,452 | €3,517 | -€6,935 | -66.3% |
| Suppliers | 440/4 | €10,452 | €3,517 | -€6,935 | -66.3% |
| Taxes, remuneration and social security | 45 | €16,564 | €47,010 | +€30,446 | +183.8% |
| Taxes | 450/3 | €12,225 | €47,010 | +€34,785 | +284.5% |
| Remuneration and social security | 454/9 | €4,339 | €0 | -€4,339 | -100.0% |
| Other amounts payable | 47/48 | €117,700 | €302,868 | +€185,169 | +157.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,633 | €3,633 | -€0 | 0.0% |
| Other operating charges | 640/8 | €643 | €595 | -€49 | -7.6% |
| Gross operating margin | 9900 | €293,420 | €316,694 | +€23,275 | +7.9% |
| Operating profit (loss) | 9901 | €289,143 | €312,467 | +€23,324 | +8.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €3,100 | €3,387 | +€288 | +9.3% |
| Recurring financial charges | 65 | €3,100 | €3,387 | +€288 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | €286,044 | €309,081 | +€23,037 | +8.1% |
| Income taxes | 67/77 | €72,225 | €79,785 | +€7,560 | +10.5% |
| Profit (loss) for the period | 9904 | €213,819 | €229,296 | +€15,477 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €213,819 | €229,296 | +€15,477 | +7.2% |
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 4 October 2026 via checked.be.