INGFI: 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.
INGFI
Largest movements
- Tangible fixed assets -€23,915
down €23,915 (-5.1%), from €468,741 to €444,827
of which Land and buildings: -€19,590
- Current investments -€12,000
down €12,000 (-25.5%), from €47,000 to €35,000
- Reserves -€16,745
down €16,745 (-6.4%), from €263,650 to €246,906
of which Tax-exempt reserves: -€12,956
- Debts after one year -€13,337
down €13,337 (-7.6%), from €174,589 to €161,252
- Gross operating margin -€1,408
down €1,408 (-6.5%), from €21,815 to €20,407
- Taxes -€641
down €641 (-30.4%), from €2,106 to €1,465
- Financial income +€294
up €294 (+139%), from €212 to €506
- Depreciation +€246
up €246 (+0.9%), from €28,688 to €28,934
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 | €522,618 | €488,384 | -€34,235 | -6.6% |
| Fixed assets | 21/28 | €468,741 | €444,827 | -€23,915 | -5.1% |
| Tangible fixed assets | 22/27 | €468,741 | €444,827 | -€23,915 | -5.1% |
| Land and buildings | 22 | €458,801 | €439,211 | -€19,590 | -4.3% |
| Furniture and vehicles | 24 | €9,940 | €5,616 | -€4,324 | -43.5% |
| Current assets | 29/58 | €53,877 | €43,557 | -€10,320 | -19.2% |
| Amounts receivable within one year | 40/41 | - | €187 | +€187 | |
| Other amounts receivable | 41 | - | €187 | +€187 | |
| Current investments | 50/53 | €47,000 | €35,000 | -€12,000 | -25.5% |
| Cash at bank and in hand | 54/58 | €2,278 | €3,774 | +€1,496 | +65.7% |
| Deferred charges and accrued income | 490/1 | €4,600 | €4,597 | -€3 | -0.1% |
| Total equity and liabilities | 10/49 | €522,618 | €488,384 | -€34,235 | -6.6% |
| Equity | 10/15 | €264,242 | €247,498 | -€16,745 | -6.3% |
| Contributions | 10/11 | €592 | €592 | = | 0.0% |
| Reserves | 13 | €263,650 | €246,906 | -€16,745 | -6.4% |
| Tax-exempt reserves | 132 | €206,164 | €193,208 | -€12,956 | -6.3% |
| Distributable reserves | 133 | €57,486 | €53,697 | -€3,789 | -6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €68,721 | €64,403 | -€4,319 | -6.3% |
| Deferred taxes | 168 | €68,721 | €64,403 | -€4,319 | -6.3% |
| Amounts payable | 17/49 | €189,655 | €176,483 | -€13,171 | -6.9% |
| Amounts payable after more than one year | 17 | €174,589 | €161,252 | -€13,337 | -7.6% |
| Financial debts | 170/4 | €174,589 | €161,252 | -€13,337 | -7.6% |
| Amounts payable within one year | 42/48 | €13,869 | €13,337 | -€532 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €13,151 | €13,337 | +€186 | +1.4% |
| Taxes, remuneration and social security | 45 | €718 | €0 | -€718 | -100% |
| Taxes | 450/3 | €718 | €0 | -€718 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,196 | €1,894 | +€698 | +58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,688 | €28,934 | +€246 | +0.9% |
| Other operating charges | 640/8 | €3,465 | €3,614 | +€148 | +4.3% |
| Gross operating margin | 9900 | €21,815 | €20,407 | -€1,408 | -6.5% |
| Operating profit (loss) | 9901 | -€10,338 | -€12,141 | -€1,803 | -17.4% |
| Financial income | 75/76B | €212 | €506 | +€294 | +139% |
| Recurring financial income | 75 | €212 | €506 | +€294 | +139% |
| Financial charges | 65/66B | €2,788 | €2,607 | -€182 | -6.5% |
| Recurring financial charges | 65 | €2,788 | €2,607 | -€182 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,915 | -€14,242 | -€1,327 | -10.3% |
| Transfer from deferred taxes | 780 | €4,319 | €4,319 | = | 0.0% |
| Income taxes | 67/77 | €2,106 | €1,465 | -€641 | -30.4% |
| Profit (loss) for the period | 9904 | -€10,703 | -€11,389 | -€686 | -6.4% |
| Transfer from tax-exempt reserves | 789 | €12,956 | €12,956 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,253 | €1,567 | -€686 | -30.4% |
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 14 October 2026 via checked.be.