INGEVITY HOLDINGS: 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
INGEVITY HOLDINGS
NACE 46.851, Wholesale of industrial chemicals
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€27.8m
2024 · €23.2m+€4.6m
Equity
€100.4m
2024 · €107.1m-€6.7m
Cash
€13.7m
2024 · €31.0m-€17.4m
Balance sheet total
€102.0m
2024 · €125.5m-€23.5m
Largest movements
Assets
- Cash -€17.4m
down €17.4m (-56.0%), from €31.0m to €13.7m
mainly Contributions, distributions and other (-€34.5m) and Short-term financial debts (-€17.2m)
- Receivables within one year -€6.1m
down €6.1m (-85.8%), from €7.1m to €1.0m
of which Other amounts receivable: -€5.8m
Equity and liabilities
- Contributions -€34.5m
down €34.5m (-27.4%), from €126.1m to €91.6m
- Profit (loss) carried forward +€27.8m
up €27.8m, from -€19.1m to €8.7m
- Short-term financial debts -€17.2m
down €17.2m (-100%), from €17.2m to €0
Income statement
- Financial income +€2.8m
up €2.8m (+10.4%), from €27.0m to €29.8m
- Financial charges -€2.3m
down €2.3m (-78.1%), from €2.9m to €632,686
- Taxes +€520,554
up €520,554 (+40.6%), from €1.3m to €1.8m
- Services and other goods -€175,508
down €175,508 (-8.1%), from €2.2m to €2.0m
- Turnover -€108,126
down €108,126 (-1.8%), from €6.1m to €6.0m
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
€23.2m
Turnover
-€108,126
Services and other goods
+€175,508
Staff costs
-€48,141
Depreciation
+€5,699
Other operating charges
+€4,760
Other operating items
+€20,483
Financial income
+€2.8m
Financial charges
+€2.3m
Taxes
-€520,554
Result 2025
€27.8m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€34.4m
Investment
-€53,776
Financing
-€51.7m
Cash 2024
€31.0m
From operations (derived)
+€34.4m
Net result for the year
+€27.8m
Depreciation
+€105,516
Receivables within one year
+€6.1m
Smaller working-capital items
-€104,904
Tax, wage and social debts
+€532,626
Investment (derived)
-€53,776
Investment in fixed assets (net)
-€53,776
Financing
-€51.7m
Short-term financial debts
-€17.2m
Contributions, distributions and other
-€34.5m
Cash 2025
€13.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,493,996 | €102,029,546 | -€23.5m | -18.7% |
| Fixed assets | 21/28 | €87,241,275 | €87,189,535 | -€51,740 | -0.1% |
| Tangible fixed assets | 22/27 | €690,645 | €637,815 | -€52,830 | -7.6% |
| Plant, machinery and equipment | 23 | €159,740 | €130,293 | -€29,447 | -18.4% |
| Furniture and vehicles | 24 | €51,748 | €34,065 | -€17,683 | -34.2% |
| Other tangible fixed assets | 26 | €479,157 | €420,771 | -€58,386 | -12.2% |
| Assets under construction and advance payments | 27 | - | €52,686 | +€52,686 | |
| Financial fixed assets | 28 | €86,550,630 | €86,551,720 | +€1,090 | 0.0% |
| Affiliated companies | 280/1 | €86,510,176 | €86,510,176 | = | 0.0% |
| Participating interests | 280 | €86,510,176 | €86,510,176 | = | 0.0% |
| Other financial fixed assets | 284/8 | €40,454 | €41,544 | +€1,090 | +2.7% |
| Amounts receivable and cash guarantees | 285/8 | €40,454 | €41,544 | +€1,090 | +2.7% |
| Current assets | 29/58 | €38,252,721 | €14,840,011 | -€23.4m | -61.2% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €7,074,819 | €1,007,081 | -€6.1m | -85.8% |
| Trade receivables | 40 | €991,994 | €719,788 | -€272,206 | -27.4% |
| Other amounts receivable | 41 | €6,082,825 | €287,293 | -€5.8m | -95.3% |
| Cash at bank and in hand | 54/58 | €31,020,744 | €13,661,400 | -€17.4m | -56.0% |
| Deferred charges and accrued income | 490/1 | €157,158 | €171,530 | +€14,372 | +9.1% |
| Total equity and liabilities | 10/49 | €125,493,996 | €102,029,546 | -€23.5m | -18.7% |
| Equity | 10/15 | €107,093,992 | €100,425,466 | -€6.7m | -6.2% |
| Contributions | 10/11 | €126,073,083 | €91,575,454 | -€34.5m | -27.4% |
| Reserves | 13 | €116,453 | €116,453 | = | 0.0% |
| Distributable reserves | 133 | €116,453 | €116,453 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,095,544 | €8,733,559 | +€27.8m | |
| Amounts payable | 17/49 | €18,400,004 | €1,604,080 | -€16.8m | -91.3% |
| Amounts payable after more than one year | 17 | €16,646 | €16,646 | = | 0.0% |
| Financial debts | 170/4 | €16,646 | €16,646 | = | 0.0% |
| Other loans | 174 | €16,646 | €16,646 | = | 0.0% |
| Amounts payable within one year | 42/48 | €18,115,847 | €1,392,663 | -€16.7m | -92.3% |
| Financial debts | 43 | €17,238,018 | €0 | -€17.2m | -100% |
| Credit institutions | 430/8 | €17,238,018 | €0 | -€17.2m | -100% |
| Trade debts | 44 | €327,518 | €307,784 | -€19,734 | -6.0% |
| Suppliers | 440/4 | €327,518 | €307,784 | -€19,734 | -6.0% |
| Taxes, remuneration and social security | 45 | €529,269 | €1,061,895 | +€532,626 | +101% |
| Taxes | 450/3 | €63,080 | €573,196 | +€510,116 | +809% |
| Remuneration and social security | 454/9 | €466,189 | €488,699 | +€22,510 | +4.8% |
| Other amounts payable | 47/48 | €21,042 | €22,984 | +€1,942 | +9.2% |
| Accrued charges and deferred income | 492/3 | €267,511 | €194,771 | -€72,740 | -27.2% |
| Operating income | 70/76A | €6,077,144 | €5,969,018 | -€108,126 | -1.8% |
| Turnover | 70 | €6,077,144 | €5,969,018 | -€108,126 | -1.8% |
| Operating charges | 60/66A | €5,657,657 | €5,499,348 | -€158,309 | -2.8% |
| Services and other goods | 61 | €2,173,763 | €1,998,255 | -€175,508 | -8.1% |
| Remuneration, social security and pensions | 62 | €3,321,900 | €3,370,041 | +€48,141 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €111,215 | €105,516 | -€5,699 | -5.1% |
| Other operating charges | 640/8 | €30,296 | €25,536 | -€4,760 | -15.7% |
| Non-recurring operating charges | 66A | €20,483 | €0 | -€20,483 | -100% |
| Operating profit (loss) | 9901 | €419,487 | €469,670 | +€50,183 | +12.0% |
| Financial income | 75/76B | €26,978,030 | €29,794,658 | +€2.8m | +10.4% |
| Recurring financial income | 75 | €26,978,030 | €29,794,658 | +€2.8m | +10.4% |
| Income from financial fixed assets | 750 | €23,394,582 | €27,518,367 | +€4.1m | +17.6% |
| Income from current assets | 751 | €3,472,942 | €715,184 | -€2.8m | -79.4% |
| Other financial income | 752/9 | €110,506 | €1,561,107 | +€1.5m | +1,313% |
| Financial charges | 65/66B | €2,887,090 | €632,686 | -€2.3m | -78.1% |
| Recurring financial charges | 65 | €2,887,090 | €632,686 | -€2.3m | -78.1% |
| Debt charges | 650 | €1,993,481 | €542,701 | -€1.5m | -72.8% |
| Other financial charges | 652/9 | €893,609 | €89,985 | -€803,624 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | €24,510,427 | €29,631,642 | +€5.1m | +20.9% |
| Income taxes | 67/77 | €1,281,985 | €1,802,539 | +€520,554 | +40.6% |
| Taxes | 670/3 | €1,281,985 | €1,802,539 | +€520,554 | +40.6% |
| Profit (loss) for the period | 9904 | €23,228,442 | €27,829,103 | +€4.6m | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,228,442 | €27,829,103 | +€4.6m | +19.8% |
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 26 October 2026 via checked.be.