Ingo Umans: 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.
Ingo Umans
Largest movements
- Receivables within one year +€96,167
up €96,167 (+459.1%), from €20,948 to €117,115
of which Other amounts receivable: +€50,770
- Tangible fixed assets -€13,489
down €13,489 (-19.3%), from €69,723 to €56,234
of which Plant, machinery and equipment: -€8,846
- Trade debts +€104,335
up €104,335 (+528.9%), from €19,726 to €124,061
- Other debts -€34,866
down €34,866 (-84.8%), from €41,116 to €6,250
- Reserves +€13,223
up €13,223 (+41.6%), from €31,757 to €44,980
of which Distributable reserves: +€13,223
- Gross operating margin +€10,440
up €10,440 (+33.1%), from €31,519 to €41,959
- Depreciation -€8,782
down €8,782 (-34.6%), from €25,360 to €16,578
- Taxes +€3,222
up €3,222 (+259.6%), from €1,241 to €4,463
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 | €105,260 | €187,723 | +€82,462 | +78.3% |
| Fixed assets | 21/28 | €69,723 | €56,234 | -€13,489 | -19.3% |
| Tangible fixed assets | 22/27 | €69,723 | €56,234 | -€13,489 | -19.3% |
| Land and buildings | 22 | €38,483 | €32,335 | -€6,147 | -16.0% |
| Plant, machinery and equipment | 23 | €31,212 | €22,366 | -€8,846 | -28.3% |
| Furniture and vehicles | 24 | €29 | €1,533 | +€1,505 | +5264.3% |
| Current assets | 29/58 | €35,537 | €131,488 | +€95,951 | +270.0% |
| Stocks and contracts in progress | 3 | €2,239 | €3,289 | +€1,049 | +46.9% |
| Stocks | 30/36 | €2,239 | €3,289 | +€1,049 | +46.9% |
| Amounts receivable within one year | 40/41 | €20,948 | €117,115 | +€96,167 | +459.1% |
| Trade receivables | 40 | €11,738 | €57,134 | +€45,397 | +386.8% |
| Other amounts receivable | 41 | €9,211 | €59,981 | +€50,770 | +551.2% |
| Cash at bank and in hand | 54/58 | €3,996 | €3,818 | -€177 | -4.4% |
| Deferred charges and accrued income | 490/1 | €8,354 | €7,266 | -€1,088 | -13.0% |
| Total equity and liabilities | 10/49 | €105,260 | €187,723 | +€82,462 | +78.3% |
| Equity | 10/15 | €44,157 | €57,380 | +€13,223 | +29.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €31,757 | €44,980 | +€13,223 | +41.6% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €13,007 | €26,230 | +€13,223 | +101.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €61,103 | €130,342 | +€69,239 | +113.3% |
| Amounts payable within one year | 42/48 | €61,103 | €130,342 | +€69,239 | +113.3% |
| Trade debts | 44 | €19,726 | €124,061 | +€104,335 | +528.9% |
| Suppliers | 440/4 | €19,726 | €124,061 | +€104,335 | +528.9% |
| Taxes, remuneration and social security | 45 | €260 | €31 | -€229 | -88.1% |
| Taxes | 450/3 | €260 | €31 | -€229 | -88.1% |
| Other amounts payable | 47/48 | €41,116 | €6,250 | -€34,866 | -84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,360 | €16,578 | -€8,782 | -34.6% |
| Other operating charges | 640/8 | €1,352 | €1,480 | +€128 | +9.5% |
| Gross operating margin | 9900 | €31,519 | €41,959 | +€10,440 | +33.1% |
| Operating profit (loss) | 9901 | €4,807 | €23,901 | +€19,094 | +397.2% |
| Financial income | 75/76B | €253 | €89 | -€164 | -64.7% |
| Recurring financial income | 75 | €253 | €89 | -€164 | -64.7% |
| Financial charges | 65/66B | €418 | €54 | -€364 | -87.1% |
| Recurring financial charges | 65 | €418 | €54 | -€364 | -87.1% |
| Profit (loss) for the period before taxes | 9903 | €4,642 | €23,936 | +€19,294 | +415.7% |
| Income taxes | 67/77 | €1,241 | €4,463 | +€3,222 | +259.6% |
| Profit (loss) for the period | 9904 | €3,401 | €19,473 | +€16,072 | +472.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,401 | €19,473 | +€16,072 | +472.6% |
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 12 October 2026 via checked.be.