Ingrid Andry: 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.
Ingrid Andry
Largest movements
- Receivables within one year +€18,713
new in 2025: €18,713
- Cash +€13,013
up €13,013 (+88.9%), from €14,637 to €27,650
mainly Net result for the year (+€25,585) and Tax, wage and social debts (+€6,013)
- Tangible fixed assets -€4,989
down €4,989 (-23.4%), from €21,333 to €16,344
- Reserves +€25,585
up €25,585 (+298%), from €8,586 to €34,171
- Debts after one year -€7,493
down €7,493 (-86.3%), from €8,681 to €1,187
- Tax, wage and social debts +€6,013
up €6,013 (+158%), from €3,803 to €9,816
- Trade debts +€3,380
up €3,380 (+425%), from €795 to €4,175
- Other debts -€1,602
down €1,602 (-23.2%), from €6,917 to €5,315
- Gross operating margin +€23,885
up €23,885 (+133%), from €17,988 to €41,873
- Taxes +€6,013
up €6,013 (+158%), from €3,803 to €9,816
- Depreciation +€1,377
up €1,377 (+38.1%), from €3,612 to €4,989
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 | €36,366 | €63,158 | +€26,792 | +73.7% |
| Fixed assets | 21/28 | €21,333 | €16,344 | -€4,989 | -23.4% |
| Tangible fixed assets | 22/27 | €21,333 | €16,344 | -€4,989 | -23.4% |
| Furniture and vehicles | 24 | €21,333 | €16,344 | -€4,989 | -23.4% |
| Current assets | 29/58 | €15,033 | €46,814 | +€31,781 | +211% |
| Amounts receivable within one year | 40/41 | - | €18,713 | +€18,713 | |
| Other amounts receivable | 41 | - | €18,713 | +€18,713 | |
| Cash at bank and in hand | 54/58 | €14,637 | €27,650 | +€13,013 | +88.9% |
| Deferred charges and accrued income | 490/1 | €396 | €451 | +€55 | +13.9% |
| Total equity and liabilities | 10/49 | €36,366 | €63,158 | +€26,792 | +73.7% |
| Equity | 10/15 | €9,586 | €35,171 | +€25,585 | +267% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €8,586 | €34,171 | +€25,585 | +298% |
| Distributable reserves | 133 | €8,586 | €34,171 | +€25,585 | +298% |
| Amounts payable | 17/49 | €26,780 | €27,987 | +€1,207 | +4.5% |
| Amounts payable after more than one year | 17 | €8,681 | €1,187 | -€7,493 | -86.3% |
| Financial debts | 170/4 | €8,681 | €1,187 | -€7,493 | -86.3% |
| Amounts payable within one year | 42/48 | €18,099 | €26,800 | +€8,701 | +48.1% |
| Current portion of amounts payable after more than one year | 42 | €6,583 | €7,493 | +€910 | +13.8% |
| Trade debts | 44 | €795 | €4,175 | +€3,380 | +425% |
| Suppliers | 440/4 | €795 | €4,175 | +€3,380 | +425% |
| Taxes, remuneration and social security | 45 | €3,803 | €9,816 | +€6,013 | +158% |
| Taxes | 450/3 | €3,803 | €9,816 | +€6,013 | +158% |
| Other amounts payable | 47/48 | €6,917 | €5,315 | -€1,602 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,612 | €4,989 | +€1,377 | +38.1% |
| Other operating charges | 640/8 | €1,159 | €843 | -€316 | -27.2% |
| Gross operating margin | 9900 | €17,988 | €41,873 | +€23,885 | +133% |
| Operating profit (loss) | 9901 | €13,217 | €36,041 | +€22,824 | +173% |
| Financial charges | 65/66B | €828 | €640 | -€188 | -22.7% |
| Recurring financial charges | 65 | €828 | €640 | -€188 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €12,389 | €35,401 | +€23,012 | +186% |
| Income taxes | 67/77 | €3,803 | €9,816 | +€6,013 | +158% |
| Profit (loss) for the period | 9904 | €8,586 | €25,585 | +€16,999 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €8,586 | €25,585 | +€16,999 | +198% |
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 18 October 2026 via checked.be.