Kris Van Ingelghem: 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.
Kris Van Ingelghem
Largest movements
- Current investments +€71,278
up €71,278 (+9.9%), from €717,445 to €788,723
- Tangible fixed assets -€27,920
down €27,920 (-33.3%), from €83,877 to €55,957
of which Furniture and vehicles: -€27,490
- Reserves +€37,426
up €37,426 (+3.1%), from €1.2m to €1.2m
- Gross operating margin -€72,297
down €72,297 (-15.0%), from €483,279 to €410,982
- Financial charges +€30,140
up €30,140 (+46.8%), from €64,453 to €94,593
- Taxes -€29,097
down €29,097 (-29.1%), from €99,876 to €70,779
- Financial income +€6,576
up €6,576 (+52.5%), from €12,534 to €19,110
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 | €1,379,611 | €1,416,079 | +€36,468 | +2.6% |
| Fixed assets | 21/28 | €83,877 | €55,957 | -€27,920 | -33.3% |
| Tangible fixed assets | 22/27 | €83,877 | €55,957 | -€27,920 | -33.3% |
| Plant, machinery and equipment | 23 | €430 | €0 | -€430 | -100% |
| Furniture and vehicles | 24 | €83,447 | €55,957 | -€27,490 | -32.9% |
| Current assets | 29/58 | €1,295,734 | €1,360,122 | +€64,388 | +5.0% |
| Amounts receivable within one year | 40/41 | €55,808 | €45,952 | -€9,856 | -17.7% |
| Trade receivables | 40 | €40,408 | €35,235 | -€5,173 | -12.8% |
| Other amounts receivable | 41 | €15,401 | €10,718 | -€4,683 | -30.4% |
| Current investments | 50/53 | €717,445 | €788,723 | +€71,278 | +9.9% |
| Cash at bank and in hand | 54/58 | €519,041 | €525,379 | +€6,338 | +1.2% |
| Deferred charges and accrued income | 490/1 | €3,439 | €68 | -€3,371 | -98.0% |
| Total equity and liabilities | 10/49 | €1,379,611 | €1,416,079 | +€36,468 | +2.6% |
| Equity | 10/15 | €1,309,917 | €1,347,344 | +€37,426 | +2.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,201,428 | €1,238,855 | +€37,426 | +3.1% |
| Distributable reserves | 133 | €1,201,428 | €1,238,855 | +€37,426 | +3.1% |
| Profit (loss) carried forward | 14 | €96,089 | €96,089 | = | 0.0% |
| Amounts payable | 17/49 | €69,694 | €68,735 | -€959 | -1.4% |
| Amounts payable within one year | 42/48 | €69,694 | €68,735 | -€959 | -1.4% |
| Trade debts | 44 | €8,261 | €2,955 | -€5,306 | -64.2% |
| Suppliers | 440/4 | €8,261 | €2,955 | -€5,306 | -64.2% |
| Taxes, remuneration and social security | 45 | €61,433 | €65,780 | +€4,348 | +7.1% |
| Taxes | 450/3 | €52,040 | €56,052 | +€4,011 | +7.7% |
| Remuneration and social security | 454/9 | €9,392 | €9,728 | +€336 | +3.6% |
| Remuneration, social security and pensions | 62 | €82,691 | €81,467 | -€1,224 | -1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,044 | €27,920 | +€877 | +3.2% |
| Other operating charges | 640/8 | €1,438 | €1,522 | +€84 | +5.9% |
| Gross operating margin | 9900 | €483,279 | €410,982 | -€72,297 | -15.0% |
| Operating profit (loss) | 9901 | €372,106 | €300,073 | -€72,034 | -19.4% |
| Financial income | 75/76B | €12,534 | €19,110 | +€6,576 | +52.5% |
| Recurring financial income | 75 | €12,534 | €19,110 | +€6,576 | +52.5% |
| Financial charges | 65/66B | €64,453 | €94,593 | +€30,140 | +46.8% |
| Recurring financial charges | 65 | €64,453 | €94,593 | +€30,140 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €320,188 | €224,589 | -€95,598 | -29.9% |
| Income taxes | 67/77 | €99,876 | €70,779 | -€29,097 | -29.1% |
| Profit (loss) for the period | 9904 | €220,312 | €153,810 | -€66,502 | -30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €220,312 | €153,810 | -€66,502 | -30.2% |
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.