INGRID DEUSS: 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 DEUSS
Largest movements
- Tangible fixed assets -€65,882
down €65,882 (-26.6%), from €247,963 to €182,081
of which Land and buildings: -€64,957
- Receivables within one year -€34,806
down €34,806 (-66.1%), from €52,620 to €17,814
of which Trade receivables: -€28,071
- Stocks and contracts +€25,694
up €25,694 (+165%), from €15,600 to €41,294
- Deferred charges and accrued income -€4,096
down €4,096 (-87.4%), from €4,687 to €591
- Profit (loss) carried forward +€63,373
up €63,373 (+42.5%), from -€149,042 to -€85,669
- Trade debts -€40,210
down €40,210 (-61.1%), from €65,759 to €25,550
- Debts after one year -€32,959
down €32,959 (-43.7%), from €75,387 to €42,428
- Short-term financial debts -€27,286
down €27,286 (-55.5%), from €49,169 to €21,883
- Current portion of long-term debt -€22,149
down €22,149 (-61.6%), from €35,950 to €13,801
- Gross operating margin +€161,381
up €161,381, from -€17,895 to €143,486
- Financial charges +€16,259
up €16,259 (+94.5%), from €17,200 to €33,459
- Write-downs +€6,553
new in 2025: €6,553
- Other operating charges +€4,780
up €4,780 (+174%), from €2,740 to €7,521
- Depreciation -€3,729
down €3,729 (-28.9%), from €12,907 to €9,178
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 | €332,067 | €248,456 | -€83,610 | -25.2% |
| Fixed assets | 21/28 | €259,160 | €188,748 | -€70,412 | -27.2% |
| Intangible fixed assets | 21 | €9,167 | €6,667 | -€2,500 | -27.3% |
| Tangible fixed assets | 22/27 | €247,963 | €182,081 | -€65,882 | -26.6% |
| Land and buildings | 22 | €247,038 | €182,081 | -€64,957 | -26.3% |
| Plant, machinery and equipment | 23 | €925 | €0 | -€925 | -100% |
| Financial fixed assets | 28 | €2,030 | €0 | -€2,030 | -100% |
| Current assets | 29/58 | €72,907 | €59,708 | -€13,199 | -18.1% |
| Stocks and contracts in progress | 3 | €15,600 | €41,294 | +€25,694 | +165% |
| Stocks | 30/36 | €15,600 | €41,294 | +€25,694 | +165% |
| Amounts receivable within one year | 40/41 | €52,620 | €17,814 | -€34,806 | -66.1% |
| Trade receivables | 40 | €45,884 | €17,814 | -€28,071 | -61.2% |
| Other amounts receivable | 41 | €6,736 | €0 | -€6,736 | -100% |
| Cash at bank and in hand | 54/58 | - | €10 | +€10 | |
| Deferred charges and accrued income | 490/1 | €4,687 | €591 | -€4,096 | -87.4% |
| Total equity and liabilities | 10/49 | €332,067 | €248,456 | -€83,610 | -25.2% |
| Equity | 10/15 | €56,462 | €107,168 | +€50,706 | +89.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €190,000 | €177,333 | -€12,667 | -6.7% |
| Reserves | 13 | €9,304 | €9,304 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,444 | €7,444 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€149,042 | -€85,669 | +€63,373 | +42.5% |
| Amounts payable | 17/49 | €275,605 | €141,289 | -€134,316 | -48.7% |
| Amounts payable after more than one year | 17 | €75,387 | €42,428 | -€32,959 | -43.7% |
| Financial debts | 170/4 | €75,387 | €42,428 | -€32,959 | -43.7% |
| Amounts payable within one year | 42/48 | €200,218 | €98,861 | -€101,358 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €35,950 | €13,801 | -€22,149 | -61.6% |
| Financial debts | 43 | €49,169 | €21,883 | -€27,286 | -55.5% |
| Credit institutions | 430/8 | €49,169 | €21,883 | -€27,286 | -55.5% |
| Trade debts | 44 | €65,759 | €25,550 | -€40,210 | -61.1% |
| Suppliers | 440/4 | €65,759 | €25,550 | -€40,210 | -61.1% |
| Advances received on contracts in progress | 46 | €7,037 | €0 | -€7,037 | -100% |
| Taxes, remuneration and social security | 45 | €14,004 | €7,290 | -€6,714 | -47.9% |
| Taxes | 450/3 | €14,004 | €7,290 | -€6,714 | -47.9% |
| Other amounts payable | 47/48 | €28,299 | €30,337 | +€2,038 | +7.2% |
| Non-recurring operating income | 76A | - | €116,977 | +€116,977 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,907 | €9,178 | -€3,729 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,553 | +€6,553 | |
| Other operating charges | 640/8 | €2,740 | €7,521 | +€4,780 | +174% |
| Non-recurring operating charges | 66A | - | €36,443 | +€36,443 | |
| Gross operating margin | 9900 | -€17,895 | €143,486 | +€161,381 | |
| Operating profit (loss) | 9901 | -€33,542 | €83,793 | +€117,335 | |
| Financial income | 75/76B | €61 | €654 | +€593 | +971% |
| Recurring financial income | 75 | €61 | €654 | +€593 | +971% |
| Financial charges | 65/66B | €17,200 | €33,459 | +€16,259 | +94.5% |
| Recurring financial charges | 65 | €17,200 | €33,459 | +€16,259 | +94.5% |
| Profit (loss) for the period before taxes | 9903 | -€50,681 | €50,988 | +€101,669 | |
| Income taxes | 67/77 | €222 | €282 | +€60 | +27.1% |
| Profit (loss) for the period | 9904 | -€50,903 | €50,706 | +€101,609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50,903 | €50,706 | +€101,609 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.