S-inGrid: what changed
Two fiscal 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.
S-inGrid
Largest movements
- Cash -€20,410
down €20,410 (-47.7%), from €42,817 to €22,407
mainly Tax, wage and social debts (-€11,847) and Investment in fixed assets (net) (-€3,934)
- Tangible fixed assets +€3,803
new in 2025: €3,803
- Receivables within one year +€2,171
up €2,171 (+13.2%), from €16,443 to €18,615
of which Other amounts receivable: +€2,171
- Tax, wage and social debts -€11,847
down €11,847 (-46.8%), from €25,311 to €13,465
- Profit (loss) carried forward -€2,704
new in 2025: -€2,704
- Gross operating margin -€45,370
down €45,370, from €44,036 to -€1,334
- Taxes -€12,342
down €12,342 (-95.6%), from €12,903 to €561
- Other operating charges -€523
down €523 (-44.4%), from €1,178 to €655
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.
Cash bridge derived
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 | €60,275 | €45,584 | -€14,691 | -24.4% |
| Formation expenses | 20 | €1,014 | €759 | -€255 | -25.2% |
| Fixed assets | 21/28 | - | €3,803 | +€3,803 | |
| Tangible fixed assets | 22/27 | - | €3,803 | +€3,803 | |
| Other tangible fixed assets | 26 | - | €3,803 | +€3,803 | |
| Current assets | 29/58 | €59,260 | €41,022 | -€18,239 | -30.8% |
| Amounts receivable within one year | 40/41 | €16,443 | €18,615 | +€2,171 | +13.2% |
| Trade receivables | 40 | €10,890 | €10,890 | = | 0.0% |
| Other amounts receivable | 41 | €5,553 | €7,725 | +€2,171 | +39.1% |
| Cash at bank and in hand | 54/58 | €42,817 | €22,407 | -€20,410 | -47.7% |
| Total equity and liabilities | 10/49 | €60,275 | €45,584 | -€14,691 | -24.4% |
| Equity | 10/15 | €34,774 | €32,070 | -€2,704 | -7.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,774 | €29,774 | = | 0.0% |
| Distributable reserves | 133 | €29,774 | €29,774 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,704 | -€2,704 | |
| Amounts payable | 17/49 | €25,501 | €13,515 | -€11,987 | -47.0% |
| Amounts payable within one year | 42/48 | €25,501 | €13,515 | -€11,987 | -47.0% |
| Trade debts | 44 | €190 | €50 | -€140 | -73.7% |
| Suppliers | 440/4 | €190 | €50 | -€140 | -73.7% |
| Taxes, remuneration and social security | 45 | €25,311 | €13,465 | -€11,847 | -46.8% |
| Taxes | 450/3 | €25,311 | €13,465 | -€11,847 | -46.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262 | €386 | +€124 | +47.3% |
| Other operating charges | 640/8 | €1,178 | €655 | -€523 | -44.4% |
| Gross operating margin | 9900 | €44,036 | -€1,334 | -€45,370 | |
| Operating profit (loss) | 9901 | €42,596 | -€2,376 | -€44,972 | |
| Financial income | 75/76B | €111 | €308 | +€197 | +177.8% |
| Recurring financial income | 75 | €111 | €308 | +€197 | +177.8% |
| Financial charges | 65/66B | €30 | €74 | +€44 | +147.8% |
| Recurring financial charges | 65 | €30 | €74 | +€44 | +147.8% |
| Profit (loss) for the period before taxes | 9903 | €42,677 | -€2,143 | -€44,819 | |
| Income taxes | 67/77 | €12,903 | €561 | -€12,342 | -95.6% |
| Profit (loss) for the period | 9904 | €29,774 | -€2,704 | -€32,477 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,774 | -€2,704 | -€32,477 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.