INGHELS - DE WINDT: 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.
INGHELS - DE WINDT
Largest movements
- Cash -€47,160
down €47,160 (-88.7%), from €53,187 to €6,027
mainly Current investments (-€45,104) and Net result for the year (-€2,010)
- Current investments +€45,104
new in 2025: €45,104
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,097
up €1,097 (+42.1%), from -€2,605 to -€1,508
- Financial income +€148
new in 2025: €148
- Other operating charges +€99
up €99 (+18.7%), from €528 to €626
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 | €304,978 | €302,967 | -€2,010 | -0.7% |
| Fixed assets | 21/28 | €251,612 | €251,612 | = | 0.0% |
| Tangible fixed assets | 22/27 | €251,612 | €251,612 | = | 0.0% |
| Land and buildings | 22 | €251,612 | €251,612 | = | 0.0% |
| Current assets | 29/58 | €53,366 | €51,355 | -€2,010 | -3.8% |
| Amounts receivable within one year | 40/41 | - | €44 | +€44 | |
| Other amounts receivable | 41 | - | €44 | +€44 | |
| Current investments | 50/53 | - | €45,104 | +€45,104 | |
| Cash at bank and in hand | 54/58 | €53,187 | €6,027 | -€47,160 | -88.7% |
| Deferred charges and accrued income | 490/1 | €179 | €181 | +€2 | +0.9% |
| Total equity and liabilities | 10/49 | €304,978 | €302,967 | -€2,010 | -0.7% |
| Equity | 10/15 | €304,978 | €302,967 | -€2,010 | -0.7% |
| Contributions | 10/11 | €245,415 | €245,415 | = | 0.0% |
| Reserves | 13 | €59,563 | €57,553 | -€2,010 | -3.4% |
| Distributable reserves | 133 | €59,563 | €57,553 | -€2,010 | -3.4% |
| Other operating charges | 640/8 | €528 | €626 | +€99 | +18.7% |
| Gross operating margin | 9900 | -€2,605 | -€1,508 | +€1,097 | +42.1% |
| Operating profit (loss) | 9901 | -€3,133 | -€2,134 | +€998 | +31.9% |
| Financial income | 75/76B | - | €148 | +€148 | |
| Recurring financial income | 75 | - | €148 | +€148 | |
| Financial charges | 65/66B | €24 | €24 | = | 0.0% |
| Recurring financial charges | 65 | €24 | €24 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,157 | -€2,010 | +€1,146 | +36.3% |
| Profit (loss) for the period | 9904 | -€3,157 | -€2,010 | +€1,146 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,157 | -€2,010 | +€1,146 | +36.3% |
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 31 October 2026 via checked.be.