INGMARO: 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.
INGMARO
Largest movements
- Receivables within one year -€387,118
down €387,118 (-81.7%), from €474,092 to €86,974
of which Other amounts receivable: -€248,552
- Receivables after one year +€269,620
new in 2025: €269,620
- Tangible fixed assets -€9,985
down €9,985 (-8.3%), from €120,815 to €110,830
of which Furniture and vehicles: -€8,415
- Trade debts -€137,489
down €137,489 (-100.0%), from €137,551 to €62
- Other debts +€17,925
up €17,925 (+10.8%), from €166,086 to €184,010
- Gross operating margin -€16,365
down €16,365 (-97.3%), from €16,825 to €461
- Financial income +€10,784
up €10,784 (+1,225,443%), from €1 to €10,785
- Depreciation -€7,288
down €7,288 (-42.2%), from €17,273 to €9,985
- Other operating charges -€3,954
down €3,954 (-97.0%), from €4,078 to €124
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 | €602,298 | €481,189 | -€121,109 | -20.1% |
| Fixed assets | 21/28 | €120,815 | €110,830 | -€9,985 | -8.3% |
| Tangible fixed assets | 22/27 | €120,815 | €110,830 | -€9,985 | -8.3% |
| Land and buildings | 22 | €112,291 | €110,722 | -€1,570 | -1.4% |
| Furniture and vehicles | 24 | €8,523 | €108 | -€8,415 | -98.7% |
| Current assets | 29/58 | €481,484 | €370,359 | -€111,124 | -23.1% |
| Amounts receivable after more than one year | 29 | - | €269,620 | +€269,620 | |
| Trade receivables | 290 | - | €269,620 | +€269,620 | |
| Amounts receivable within one year | 40/41 | €474,092 | €86,974 | -€387,118 | -81.7% |
| Trade receivables | 40 | €193,892 | €55,326 | -€138,566 | -71.5% |
| Other amounts receivable | 41 | €280,200 | €31,648 | -€248,552 | -88.7% |
| Cash at bank and in hand | 54/58 | - | €2,981 | +€2,981 | |
| Deferred charges and accrued income | 490/1 | €7,392 | €10,785 | +€3,393 | +45.9% |
| Total equity and liabilities | 10/49 | €602,298 | €481,189 | -€121,109 | -20.1% |
| Equity | 10/15 | -€9,939 | -€9,183 | +€756 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,124 | €7,124 | = | 0.0% |
| Non-distributable reserves | 130/1 | €979 | €979 | = | 0.0% |
| Reserves not available under the articles | 1311 | €979 | €979 | = | 0.0% |
| Tax-exempt reserves | 132 | €337 | €337 | = | 0.0% |
| Distributable reserves | 133 | €5,808 | €5,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,663 | -€34,907 | +€756 | +2.1% |
| Provisions and deferred taxes | 16 | €171,924 | €171,924 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €171,924 | €171,924 | = | 0.0% |
| Pensions and similar obligations | 160 | €171,924 | €171,924 | = | 0.0% |
| Amounts payable | 17/49 | €440,313 | €318,449 | -€121,865 | -27.7% |
| Amounts payable after more than one year | 17 | €133,000 | €133,000 | = | 0.0% |
| Financial debts | 170/4 | €133,000 | €133,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €307,313 | €185,449 | -€121,865 | -39.7% |
| Trade debts | 44 | €137,551 | €62 | -€137,489 | -100.0% |
| Suppliers | 440/4 | €137,551 | €62 | -€137,489 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,676 | €1,376 | -€2,300 | -62.6% |
| Taxes | 450/3 | €3,676 | €1,376 | -€2,300 | -62.6% |
| Other amounts payable | 47/48 | €166,086 | €184,010 | +€17,925 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,273 | €9,985 | -€7,288 | -42.2% |
| Other operating charges | 640/8 | €4,078 | €124 | -€3,954 | -97.0% |
| Gross operating margin | 9900 | €16,825 | €461 | -€16,365 | -97.3% |
| Operating profit (loss) | 9901 | -€4,526 | -€9,648 | -€5,123 | -113% |
| Financial income | 75/76B | €1 | €10,785 | +€10,784 | +1,225,443% |
| Recurring financial income | 75 | €1 | €10,785 | +€10,784 | +1,225,443% |
| Financial charges | 65/66B | €352 | €197 | -€155 | -44.0% |
| Recurring financial charges | 65 | €352 | €197 | -€155 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,877 | €939 | +€5,817 | |
| Income taxes | 67/77 | €230 | €184 | -€47 | -20.2% |
| Profit (loss) for the period | 9904 | -€5,108 | €756 | +€5,863 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,108 | €756 | +€5,863 |
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 13 October 2026 via checked.be.