INGO: 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.
INGO
Largest movements
- Cash +€108,808
up €108,808 (+191.8%), from €56,738 to €165,546
mainly Net result for the year (+€87,728) and Tax, wage and social debts (+€34,765)
- Reserves +€68,628
up €68,628 (+35.1%), from €195,694 to €264,322
of which Distributable reserves: +€68,628
- Tax, wage and social debts +€34,765
up €34,765 (+9792.9%), from €355 to €35,120
- Profit (loss) carried forward +€19,100
up €19,100, from -€19,100 to €0
- Debts after one year -€10,250
down €10,250 (-12.8%), from €80,000 to €69,750
- Gross operating margin +€143,676
up €143,676, from -€13,110 to €130,566
- Taxes +€34,765
up €34,765 (+9792.9%), from €355 to €35,120
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 | €384,599 | €492,636 | +€108,037 | +28.1% |
| Fixed assets | 21/28 | €192,369 | €190,619 | -€1,750 | -0.9% |
| Tangible fixed assets | 22/27 | €192,234 | €190,484 | -€1,750 | -0.9% |
| Land and buildings | 22 | €192,234 | €190,484 | -€1,750 | -0.9% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €192,231 | €302,018 | +€109,787 | +57.1% |
| Stocks and contracts in progress | 3 | €95,200 | €95,200 | = | 0.0% |
| Stocks | 30/36 | €95,200 | €95,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,156 | €40,613 | +€457 | +1.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €40,156 | €40,613 | +€457 | +1.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €56,738 | €165,546 | +€108,808 | +191.8% |
| Deferred charges and accrued income | 490/1 | €137 | €659 | +€522 | +382.3% |
| Total equity and liabilities | 10/49 | €384,599 | €492,636 | +€108,037 | +28.1% |
| Equity | 10/15 | €238,567 | €326,295 | +€87,728 | +36.8% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €195,694 | €264,322 | +€68,628 | +35.1% |
| Non-distributable reserves | 130/1 | €4,285 | €4,285 | = | 0.0% |
| Legal reserve | 130 | €4,285 | €4,285 | = | 0.0% |
| Tax-exempt reserves | 132 | €165,789 | €165,789 | = | 0.0% |
| Distributable reserves | 133 | €25,620 | €94,248 | +€68,628 | +267.9% |
| Profit (loss) carried forward | 14 | -€19,100 | €0 | +€19,100 | |
| Provisions and deferred taxes | 16 | €55,263 | €55,263 | = | 0.0% |
| Deferred taxes | 168 | €55,263 | €55,263 | = | 0.0% |
| Amounts payable | 17/49 | €90,770 | €111,079 | +€20,309 | +22.4% |
| Amounts payable after more than one year | 17 | €80,000 | €69,750 | -€10,250 | -12.8% |
| Financial debts | 170/4 | €80,000 | €69,750 | -€10,250 | -12.8% |
| Amounts payable within one year | 42/48 | €10,640 | €41,329 | +€30,689 | +288.4% |
| Trade debts | 44 | €685 | €1,168 | +€483 | +70.5% |
| Suppliers | 440/4 | €685 | €1,168 | +€483 | +70.5% |
| Taxes, remuneration and social security | 45 | €355 | €35,120 | +€34,765 | +9792.9% |
| Taxes | 450/3 | €355 | €35,120 | +€34,765 | +9792.9% |
| Other amounts payable | 47/48 | €9,600 | €5,040 | -€4,559 | -47.5% |
| Accrued charges and deferred income | 492/3 | €130 | €0 | -€130 | -100.0% |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,750 | €1,750 | = | 0.0% |
| Other operating charges | 640/8 | €6,905 | €6,579 | -€326 | -4.7% |
| Gross operating margin | 9900 | -€13,110 | €130,566 | +€143,676 | |
| Operating profit (loss) | 9901 | -€21,765 | €122,237 | +€144,002 | |
| Financial income | 75/76B | €781 | €796 | +€16 | +2.0% |
| Recurring financial income | 75 | €781 | €796 | +€16 | +2.0% |
| Financial charges | 65/66B | €112 | €185 | +€73 | +65.4% |
| Recurring financial charges | 65 | €112 | €185 | +€73 | +65.4% |
| Profit (loss) for the period before taxes | 9903 | -€21,096 | €122,848 | +€143,944 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €355 | €35,120 | +€34,765 | +9792.9% |
| Profit (loss) for the period | 9904 | -€21,451 | €87,728 | +€109,180 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,451 | €87,728 | +€109,180 |
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 4 October 2026 via checked.be.