INGHELBRECHT HENDRIK: 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
INGHELBRECHT HENDRIK
NACE 46.216, Wholesale of agricultural produce and animal feed, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€33,302
2024 · €46,423-€13,121
Equity
€1.8m
2024 · €1.8m+€15,120
Cash
€311,628
2024 · €460,155-€148,527
Balance sheet total
€2.0m
2024 · €2.0m-€1,157
Largest movements
Assets
- Current investments +€200,000
up €200,000 (+100%), from €200,000 to €400,000
- Cash -€148,527
down €148,527 (-32.3%), from €460,155 to €311,628
mainly Current investments (-€200,000) and Contributions, distributions and other (-€18,182)
- Tangible fixed assets -€50,486
down €50,486 (-4.3%), from €1.2m to €1.1m
of which Land and buildings: -€35,309
Equity and liabilities
- Other debts +€25,578
up €25,578 (+114%), from €22,421 to €47,999
Income statement
- Gross operating margin -€23,539
down €23,539 (-16.4%), from €143,457 to €119,918
- Financial income +€9,560
up €9,560 (+291%), from €3,288 to €12,848
- Taxes -€6,637
down €6,637 (-25.5%), from €25,984 to €19,346
- Staff costs +€5,674
up €5,674 (+31.0%), from €18,318 to €23,991
- Depreciation +€3,975
up €3,975 (+8.0%), from €49,610 to €53,585
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
€46,423
Gross operating margin
-€23,539
Staff costs
-€5,674
Depreciation
-€3,975
Other operating charges
+€1,434
Financial income
+€9,560
Financial charges
+€2,434
Taxes
+€6,637
Result 2025
€33,302
raises the resultlowers the result
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
+€79,420
Investment
-€203,099
Financing
-€24,848
Cash 2024
€460,155
From operations (derived)
+€79,420
Net result for the year
+€33,302
Depreciation
+€53,585
Stocks and contracts
-€5,473
Receivables within one year
+€7,574
Deferred charges and accrued income
+€44
Provisions
-€2,403
Trade debts
-€10,164
Tax, wage and social debts
-€16,025
Other debts
+€25,578
Accrued charges and deferred income
-€6,597
Investment (derived)
-€203,099
Investment in fixed assets (net)
-€3,099
Current investments
-€200,000
Financing
-€24,848
Current portion of long-term debt
-€6,666
Contributions, distributions and other
-€18,182
Cash 2025
€311,628
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,968,716 | €1,967,559 | -€1,157 | -0.1% |
| Fixed assets | 21/28 | €1,182,263 | €1,131,777 | -€50,486 | -4.3% |
| Tangible fixed assets | 22/27 | €1,180,684 | €1,130,198 | -€50,486 | -4.3% |
| Land and buildings | 22 | €1,126,725 | €1,091,416 | -€35,309 | -3.1% |
| Plant, machinery and equipment | 23 | €18,623 | €15,111 | -€3,511 | -18.9% |
| Furniture and vehicles | 24 | €35,336 | €23,670 | -€11,666 | -33.0% |
| Financial fixed assets | 28 | €1,580 | €1,580 | = | 0.0% |
| Current assets | 29/58 | €786,453 | €835,781 | +€49,329 | +6.3% |
| Stocks and contracts in progress | 3 | €75,256 | €80,729 | +€5,473 | +7.3% |
| Stocks | 30/36 | €75,256 | €80,729 | +€5,473 | +7.3% |
| Amounts receivable within one year | 40/41 | €48,452 | €40,878 | -€7,574 | -15.6% |
| Trade receivables | 40 | €48,452 | €40,266 | -€8,186 | -16.9% |
| Other amounts receivable | 41 | - | €612 | +€612 | |
| Current investments | 50/53 | €200,000 | €400,000 | +€200,000 | +100% |
| Cash at bank and in hand | 54/58 | €460,155 | €311,628 | -€148,527 | -32.3% |
| Deferred charges and accrued income | 490/1 | €2,590 | €2,546 | -€44 | -1.7% |
| Total equity and liabilities | 10/49 | €1,968,716 | €1,967,559 | -€1,157 | -0.1% |
| Equity | 10/15 | €1,761,780 | €1,776,900 | +€15,120 | +0.9% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,711,780 | €1,726,900 | +€15,120 | +0.9% |
| Tax-exempt reserves | 132 | €215,056 | €207,847 | -€7,209 | -3.4% |
| Distributable reserves | 133 | €1,496,723 | €1,519,053 | +€22,330 | +1.5% |
| Provisions and deferred taxes | 16 | €112,849 | €110,446 | -€2,403 | -2.1% |
| Provisions for liabilities and charges | 160/5 | €41,164 | €41,164 | = | 0.0% |
| Other liabilities and charges | 164/5 | €41,164 | €41,164 | = | 0.0% |
| Deferred taxes | 168 | €71,685 | €69,282 | -€2,403 | -3.4% |
| Amounts payable | 17/49 | €94,087 | €80,213 | -€13,875 | -14.7% |
| Amounts payable within one year | 42/48 | €87,380 | €80,102 | -€7,278 | -8.3% |
| Current portion of amounts payable after more than one year | 42 | €6,666 | - | -€6,666 | |
| Trade debts | 44 | €35,268 | €25,105 | -€10,164 | -28.8% |
| Suppliers | 440/4 | €35,268 | €25,105 | -€10,164 | -28.8% |
| Taxes, remuneration and social security | 45 | €23,024 | €6,999 | -€16,025 | -69.6% |
| Taxes | 450/3 | €20,075 | €3,842 | -€16,233 | -80.9% |
| Remuneration and social security | 454/9 | €2,950 | €3,157 | +€208 | +7.0% |
| Other amounts payable | 47/48 | €22,421 | €47,999 | +€25,578 | +114% |
| Accrued charges and deferred income | 492/3 | €6,707 | €110 | -€6,597 | -98.4% |
| Remuneration, social security and pensions | 62 | €18,318 | €23,991 | +€5,674 | +31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,610 | €53,585 | +€3,975 | +8.0% |
| Other operating charges | 640/8 | €4,135 | €2,701 | -€1,434 | -34.7% |
| Gross operating margin | 9900 | €143,457 | €119,918 | -€23,539 | -16.4% |
| Operating profit (loss) | 9901 | €71,394 | €39,641 | -€31,753 | -44.5% |
| Financial income | 75/76B | €3,288 | €12,848 | +€9,560 | +291% |
| Recurring financial income | 75 | €3,288 | €12,848 | +€9,560 | +291% |
| Financial charges | 65/66B | €4,678 | €2,244 | -€2,434 | -52.0% |
| Recurring financial charges | 65 | €4,678 | €2,244 | -€2,434 | -52.0% |
| Profit (loss) for the period before taxes | 9903 | €70,004 | €50,245 | -€19,759 | -28.2% |
| Transfer from deferred taxes | 780 | €2,403 | €2,403 | = | 0.0% |
| Income taxes | 67/77 | €25,984 | €19,346 | -€6,637 | -25.5% |
| Profit (loss) for the period | 9904 | €46,423 | €33,302 | -€13,121 | -28.3% |
| Transfer from tax-exempt reserves | 789 | €7,209 | €7,209 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,633 | €40,511 | -€13,121 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.