INGLOU: what changed
Two fiscal 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.
INGLOU
Largest movements
- Cash +€103,625
up €103,625 (+239.2%), from €43,313 to €146,938
mainly Advances received (+€62,863) and Current investments (+€50,000)
- Deferred charges and accrued income +€52,408
up €52,408 (+3151.6%), from €1,663 to €54,071
- Current investments -€50,000
down €50,000 (-20.0%), from €249,750 to €199,750
- Receivables within one year +€12,744
up €12,744 (+113.5%), from €11,226 to €23,971
of which Other amounts receivable: +€8,766
- Advances received +€62,863
new in 2025: €62,863
- Reserves +€39,725
up €39,725 (+13.9%), from €285,309 to €325,034
of which Distributable reserves: +€39,725
- Tax, wage and social debts +€12,199
up €12,199 (+85.3%), from €14,294 to €26,493
- Taxes -€11,176
down €11,176 (-43.7%), from €25,557 to €14,381
- Financial income -€3,343
down €3,343 (-46.1%), from €7,255 to €3,912
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.
Cash bridge derived
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 | €313,891 | €428,679 | +€114,788 | +36.6% |
| Fixed assets | 21/28 | €7,939 | €3,950 | -€3,989 | -50.2% |
| Tangible fixed assets | 22/27 | €7,939 | €3,950 | -€3,989 | -50.2% |
| Plant, machinery and equipment | 23 | €4,401 | €1,828 | -€2,573 | -58.5% |
| Furniture and vehicles | 24 | €571 | €60 | -€511 | -89.5% |
| Other tangible fixed assets | 26 | €2,967 | €2,061 | -€905 | -30.5% |
| Current assets | 29/58 | €305,953 | €424,729 | +€118,777 | +38.8% |
| Amounts receivable within one year | 40/41 | €11,226 | €23,971 | +€12,744 | +113.5% |
| Trade receivables | 40 | - | €3,978 | +€3,978 | |
| Other amounts receivable | 41 | €11,226 | €19,992 | +€8,766 | +78.1% |
| Current investments | 50/53 | €249,750 | €199,750 | -€50,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €43,313 | €146,938 | +€103,625 | +239.2% |
| Deferred charges and accrued income | 490/1 | €1,663 | €54,071 | +€52,408 | +3151.6% |
| Total equity and liabilities | 10/49 | €313,891 | €428,679 | +€114,788 | +36.6% |
| Equity | 10/15 | €297,709 | €337,434 | +€39,725 | +13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €285,309 | €325,034 | +€39,725 | +13.9% |
| Tax-exempt reserves | 132 | €155,770 | €155,770 | = | 0.0% |
| Distributable reserves | 133 | €129,539 | €169,264 | +€39,725 | +30.7% |
| Amounts payable | 17/49 | €16,182 | €91,245 | +€75,063 | +463.9% |
| Amounts payable within one year | 42/48 | €16,182 | €91,134 | +€74,951 | +463.2% |
| Trade debts | 44 | €1,888 | €1,778 | -€110 | -5.8% |
| Suppliers | 440/4 | €1,888 | €1,778 | -€110 | -5.8% |
| Advances received on contracts in progress | 46 | - | €62,863 | +€62,863 | |
| Taxes, remuneration and social security | 45 | €14,294 | €26,493 | +€12,199 | +85.3% |
| Taxes | 450/3 | €14,294 | €26,493 | +€12,199 | +85.3% |
| Accrued charges and deferred income | 492/3 | - | €112 | +€112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,547 | €3,989 | +€442 | +12.5% |
| Other operating charges | 640/8 | €880 | €658 | -€223 | -25.3% |
| Gross operating margin | 9900 | €54,539 | €54,912 | +€373 | +0.7% |
| Operating profit (loss) | 9901 | €50,111 | €50,266 | +€155 | +0.3% |
| Financial income | 75/76B | €7,255 | €3,912 | -€3,343 | -46.1% |
| Recurring financial income | 75 | €7,255 | €3,912 | -€3,343 | -46.1% |
| Financial charges | 65/66B | €204 | €72 | -€131 | -64.6% |
| Recurring financial charges | 65 | €204 | €72 | -€131 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €57,162 | €54,106 | -€3,057 | -5.3% |
| Income taxes | 67/77 | €25,557 | €14,381 | -€11,176 | -43.7% |
| Profit (loss) for the period | 9904 | €31,605 | €39,725 | +€8,120 | +25.7% |
| Transfer to tax-exempt reserves | 689 | €42,100 | - | -€42,100 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,495 | €39,725 | +€50,220 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.