INGHELBRECHT CONSTRUCT: what changed
What changed
INGHELBRECHT CONSTRUCT
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€124
2024 · €3,012-€2,888
Equity
€431,776
2024 · €431,652+€124
Cash
€19,444
2024 · €30,158-€10,714
Balance sheet total
€2.8m
2024 · €3.1m-€330,275
Largest movements
Assets
- Stocks and contracts -€192,429
down €192,429 (-9.9%), from €1.9m to €1.8m
of which Contracts in progress: -€187,539
- Receivables within one year -€64,098
down €64,098 (-8.0%), from €797,575 to €733,477
of which Other amounts receivable: -€57,237
- Tangible fixed assets -€63,254
down €63,254 (-18.4%), from €344,593 to €281,339
of which Land and buildings: -€44,756
Equity and liabilities
- Debts after one year -€167,351
down €167,351 (-23.6%), from €708,075 to €540,723
of which Financial debts: -€108,742
- Trade debts -€135,447
down €135,447 (-39.1%), from €346,079 to €210,633
Income statement
- Gross operating margin -€145,361
down €145,361 (-24.3%), from €597,708 to €452,347
- Financial charges -€76,697
down €76,697 (-47.4%), from €161,873 to €85,176
- Staff costs -€20,235
down €20,235 (-6.8%), from €296,300 to €276,066
- Taxes -€15,191
down €15,191 (-92.0%), from €16,521 to €1,330
- Other operating charges -€11,079
down €11,079 (-49.4%), from €22,411 to €11,332
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€3,012
Gross operating margin
-€145,361
Staff costs
+€20,235
Depreciation
+€10,859
Other operating charges
+€11,079
Other operating items
+€6,501
Financial income
+€1,911
Financial charges
+€76,697
Taxes
+€15,191
Result 2025
€124
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€171,478
Investment
-€19,248
Financing
-€162,944
Cash 2024
€30,158
From operations (derived)
+€171,478
Net result for the year
+€124
Depreciation
+€82,125
Stocks and contracts
+€192,429
Receivables within one year
+€64,098
Deferred charges and accrued income
+€157
Trade debts
-€135,447
Tax, wage and social debts
-€1,180
Accrued charges and deferred income
-€30,828
Investment (derived)
-€19,248
Investment in fixed assets (net)
-€19,248
Financing
-€162,944
Debts after one year
-€167,351
Current portion of long-term debt
+€4,407
Cash 2025
€19,444
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,148,120 | €2,817,845 | -€330,275 | -10.5% |
| Fixed assets | 21/28 | €360,318 | €297,441 | -€62,877 | -17.5% |
| Tangible fixed assets | 22/27 | €344,593 | €281,339 | -€63,254 | -18.4% |
| Land and buildings | 22 | €239,631 | €194,875 | -€44,756 | -18.7% |
| Plant, machinery and equipment | 23 | €47,531 | €44,212 | -€3,319 | -7.0% |
| Furniture and vehicles | 24 | €6,962 | €4,794 | -€2,168 | -31.1% |
| Leasing and similar rights | 25 | €50,469 | €37,458 | -€13,011 | -25.8% |
| Financial fixed assets | 28 | €15,725 | €16,101 | +€377 | +2.4% |
| Current assets | 29/58 | €2,787,802 | €2,520,405 | -€267,398 | -9.6% |
| Stocks and contracts in progress | 3 | €1,948,510 | €1,756,081 | -€192,429 | -9.9% |
| Stocks | 30/36 | €968,300 | €963,410 | -€4,890 | -0.5% |
| Contracts in progress | 37 | €980,210 | €792,671 | -€187,539 | -19.1% |
| Amounts receivable within one year | 40/41 | €797,575 | €733,477 | -€64,098 | -8.0% |
| Trade receivables | 40 | €715,642 | €708,782 | -€6,860 | -1.0% |
| Other amounts receivable | 41 | €81,933 | €24,695 | -€57,237 | -69.9% |
| Cash at bank and in hand | 54/58 | €30,158 | €19,444 | -€10,714 | -35.5% |
| Deferred charges and accrued income | 490/1 | €11,559 | €11,403 | -€157 | -1.4% |
| Total equity and liabilities | 10/49 | €3,148,120 | €2,817,845 | -€330,275 | -10.5% |
| Equity | 10/15 | €431,652 | €431,776 | +€124 | 0.0% |
| Contributions | 10/11 | €370,000 | €370,000 | = | 0.0% |
| Reserves | 13 | €61,652 | €61,776 | +€124 | +0.2% |
| Distributable reserves | 133 | €61,652 | €61,776 | +€124 | +0.2% |
| Amounts payable | 17/49 | €2,716,468 | €2,386,069 | -€330,399 | -12.2% |
| Amounts payable after more than one year | 17 | €708,075 | €540,723 | -€167,351 | -23.6% |
| Financial debts | 170/4 | €290,584 | €181,843 | -€108,742 | -37.4% |
| Other amounts payable | 178/9 | €417,491 | €358,881 | -€58,610 | -14.0% |
| Amounts payable within one year | 42/48 | €1,976,639 | €1,844,419 | -€132,219 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | €112,115 | €116,522 | +€4,407 | +3.9% |
| Financial debts | 43 | €1,500,000 | €1,500,000 | = | 0.0% |
| Credit institutions | 430/8 | €1,500,000 | €1,500,000 | = | 0.0% |
| Trade debts | 44 | €346,079 | €210,633 | -€135,447 | -39.1% |
| Suppliers | 440/4 | €346,079 | €210,633 | -€135,447 | -39.1% |
| Taxes, remuneration and social security | 45 | €18,444 | €17,265 | -€1,180 | -6.4% |
| Taxes | 450/3 | €1,966 | €1,337 | -€630 | -32.0% |
| Remuneration and social security | 454/9 | €16,478 | €15,928 | -€550 | -3.3% |
| Accrued charges and deferred income | 492/3 | €31,755 | €927 | -€30,828 | -97.1% |
| Remuneration, social security and pensions | 62 | €296,300 | €276,066 | -€20,235 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,985 | €82,125 | -€10,859 | -11.7% |
| Other operating charges | 640/8 | €22,411 | €11,332 | -€11,079 | -49.4% |
| Non-recurring operating charges | 66A | €6,501 | - | -€6,501 | |
| Gross operating margin | 9900 | €597,708 | €452,347 | -€145,361 | -24.3% |
| Operating profit (loss) | 9901 | €179,511 | €82,824 | -€96,687 | -53.9% |
| Financial income | 75/76B | €1,895 | €3,805 | +€1,911 | +101% |
| Recurring financial income | 75 | €1,895 | €3,805 | +€1,911 | +101% |
| Financial charges | 65/66B | €161,873 | €85,176 | -€76,697 | -47.4% |
| Recurring financial charges | 65 | €161,873 | €85,176 | -€76,697 | -47.4% |
| Profit (loss) for the period before taxes | 9903 | €19,533 | €1,454 | -€18,079 | -92.6% |
| Income taxes | 67/77 | €16,521 | €1,330 | -€15,191 | -92.0% |
| Profit (loss) for the period | 9904 | €3,012 | €124 | -€2,888 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,012 | €124 | -€2,888 | -95.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.