INGRID P: 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 P
Largest movements
- Cash +€204,899
up €204,899 (+9,976%), from €2,054 to €206,953
mainly Net result for the year (+€144,706) and Current investments (+€97,201)
- Current investments -€97,201
no longer reported in 2025 (was €97,201)
- Tangible fixed assets -€76,291
down €76,291 (-9.9%), from €770,575 to €694,284
of which Plant, machinery and equipment: -€188,859
- Profit (loss) carried forward +€144,706
up €144,706 (+21,573%), from €671 to €145,377
- Debts after one year -€95,769
down €95,769 (-35.0%), from €273,353 to €177,584
- Gross operating margin +€245,284
up €245,284, from -€47,092 to €198,193
- Depreciation -€31,817
down €31,817 (-57.6%), from €55,252 to €23,435
- Taxes +€18,075
up €18,075 (+9,439%), from €191 to €18,266
- Other operating charges -€4,574
down €4,574 (-41.1%), from €11,141 to €6,568
- Financial income -€3,812
down €3,812 (-81.1%), from €4,700 to €888
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 | €936,992 | €973,890 | +€36,898 | +3.9% |
| Fixed assets | 21/28 | €770,575 | €694,284 | -€76,291 | -9.9% |
| Tangible fixed assets | 22/27 | €770,575 | €694,284 | -€76,291 | -9.9% |
| Land and buildings | 22 | €534,300 | €651,565 | +€117,265 | +21.9% |
| Plant, machinery and equipment | 23 | €190,455 | €1,597 | -€188,859 | -99.2% |
| Furniture and vehicles | 24 | €45,820 | €41,123 | -€4,697 | -10.3% |
| Current assets | 29/58 | €166,417 | €279,605 | +€113,189 | +68.0% |
| Amounts receivable within one year | 40/41 | €63,935 | €72,653 | +€8,718 | +13.6% |
| Trade receivables | 40 | €6,032 | - | -€6,032 | |
| Other amounts receivable | 41 | €57,903 | €72,653 | +€14,750 | +25.5% |
| Current investments | 50/53 | €97,201 | - | -€97,201 | |
| Cash at bank and in hand | 54/58 | €2,054 | €206,953 | +€204,899 | +9,976% |
| Deferred charges and accrued income | 490/1 | €3,226 | - | -€3,226 | |
| Total equity and liabilities | 10/49 | €936,992 | €973,890 | +€36,898 | +3.9% |
| Equity | 10/15 | €629,296 | €774,002 | +€144,706 | +23.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €622,375 | €622,375 | = | 0.0% |
| Distributable reserves | 133 | €622,375 | €622,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | €671 | €145,377 | +€144,706 | +21,573% |
| Amounts payable | 17/49 | €307,696 | €199,888 | -€107,808 | -35.0% |
| Amounts payable after more than one year | 17 | €273,353 | €177,584 | -€95,769 | -35.0% |
| Financial debts | 170/4 | €273,353 | €177,584 | -€95,769 | -35.0% |
| Amounts payable within one year | 42/48 | €32,419 | €20,134 | -€12,284 | -37.9% |
| Current portion of amounts payable after more than one year | 42 | €24,564 | €18,954 | -€5,610 | -22.8% |
| Trade debts | 44 | €4,068 | €101 | -€3,967 | -97.5% |
| Suppliers | 440/4 | €4,068 | €101 | -€3,967 | -97.5% |
| Taxes, remuneration and social security | 45 | €3,786 | €1,079 | -€2,707 | -71.5% |
| Taxes | 450/3 | €3,786 | €1,079 | -€2,707 | -71.5% |
| Accrued charges and deferred income | 492/3 | €1,924 | €2,170 | +€245 | +12.7% |
| Non-recurring operating income | 76A | - | €383,781 | +€383,781 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,252 | €23,435 | -€31,817 | -57.6% |
| Other operating charges | 640/8 | €11,141 | €6,568 | -€4,574 | -41.1% |
| Gross operating margin | 9900 | -€47,092 | €198,193 | +€245,284 | |
| Operating profit (loss) | 9901 | -€113,484 | €168,190 | +€281,675 | |
| Financial income | 75/76B | €4,700 | €888 | -€3,812 | -81.1% |
| Recurring financial income | 75 | €4,700 | €888 | -€3,812 | -81.1% |
| Financial charges | 65/66B | €6,711 | €6,106 | -€605 | -9.0% |
| Recurring financial charges | 65 | €6,711 | €6,106 | -€605 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€115,496 | €162,973 | +€278,468 | |
| Income taxes | 67/77 | €191 | €18,266 | +€18,075 | +9,439% |
| Profit (loss) for the period | 9904 | -€115,687 | €144,706 | +€260,393 | |
| Profit (loss) for the period to be appropriated | 9905 | -€115,687 | €144,706 | +€260,393 |
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 20 October 2026 via checked.be.