Ingorix: 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.
Ingorix
Largest movements
- Cash -€50,649
down €50,649 (-76.5%), from €66,242 to €15,593
mainly Other debts (-€53,750) and Contributions, distributions and other (-€53,500)
- Tangible fixed assets -€26,469
down €26,469 (-4.3%), from €617,286 to €590,817
of which Leasing and similar rights: -€21,681
- Other debts -€53,750
down €53,750 (-100%), from €53,750 to €0
- Debts after one year -€16,484
down €16,484 (-2.8%), from €585,904 to €569,420
- Tax, wage and social debts -€9,391
down €9,391 (-43.0%), from €21,842 to €12,452
- Gross operating margin +€4,388
up €4,388 (+3.9%), from €111,345 to €115,732
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 | €699,107 | €624,109 | -€74,998 | -10.7% |
| Fixed assets | 21/28 | €617,286 | €590,817 | -€26,469 | -4.3% |
| Tangible fixed assets | 22/27 | €617,286 | €590,817 | -€26,469 | -4.3% |
| Land and buildings | 22 | €33,397 | €28,841 | -€4,557 | -13.6% |
| Plant, machinery and equipment | 23 | €400 | €168 | -€232 | -57.9% |
| Leasing and similar rights | 25 | €583,488 | €561,808 | -€21,681 | -3.7% |
| Current assets | 29/58 | €81,821 | €33,293 | -€48,529 | -59.3% |
| Amounts receivable within one year | 40/41 | €14,939 | €16,573 | +€1,634 | +10.9% |
| Trade receivables | 40 | €14,939 | €16,411 | +€1,472 | +9.9% |
| Other amounts receivable | 41 | - | €163 | +€163 | |
| Cash at bank and in hand | 54/58 | €66,242 | €15,593 | -€50,649 | -76.5% |
| Deferred charges and accrued income | 490/1 | €640 | €1,127 | +€486 | +76.0% |
| Total equity and liabilities | 10/49 | €699,107 | €624,109 | -€74,998 | -10.7% |
| Equity | 10/15 | €18,600 | €23,132 | +€4,532 | +24.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | €4,532 | +€4,532 | |
| Distributable reserves | 133 | €0 | €4,532 | +€4,532 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €680,507 | €600,978 | -€79,529 | -11.7% |
| Amounts payable after more than one year | 17 | €585,904 | €569,420 | -€16,484 | -2.8% |
| Financial debts | 170/4 | €585,904 | €569,420 | -€16,484 | -2.8% |
| Amounts payable within one year | 42/48 | €92,054 | €29,008 | -€63,045 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €16,087 | €16,484 | +€397 | +2.5% |
| Trade debts | 44 | €375 | €73 | -€302 | -80.6% |
| Suppliers | 440/4 | €375 | €73 | -€302 | -80.6% |
| Taxes, remuneration and social security | 45 | €21,842 | €12,452 | -€9,391 | -43.0% |
| Taxes | 450/3 | €21,842 | €12,452 | -€9,391 | -43.0% |
| Other amounts payable | 47/48 | €53,750 | €0 | -€53,750 | -100% |
| Accrued charges and deferred income | 492/3 | €2,550 | €2,550 | -€0 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,469 | €26,469 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,293 | €1,332 | +€39 | +3.0% |
| Gross operating margin | 9900 | €111,345 | €115,732 | +€4,388 | +3.9% |
| Operating profit (loss) | 9901 | €83,583 | €87,931 | +€4,349 | +5.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €14,955 | €14,565 | -€390 | -2.6% |
| Recurring financial charges | 65 | €14,955 | €14,565 | -€390 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €68,627 | €73,367 | +€4,739 | +6.9% |
| Income taxes | 67/77 | €14,357 | €15,335 | +€978 | +6.8% |
| Profit (loss) for the period | 9904 | €54,270 | €58,032 | +€3,761 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €54,270 | €58,032 | +€3,761 | +6.9% |
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 14 October 2026 via checked.be.