Tobe Inghelbrecht: 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.
Tobe Inghelbrecht
Largest movements
- Cash +€81,440
up €81,440 (+93.2%), from €87,376 to €168,817
mainly Net result for the year (+€78,731) and Investment in fixed assets (net) (+€2,839)
- Tangible fixed assets -€2,839
no longer reported in 2025 (was €2,839)
- Deferred charges and accrued income +€2,052
new in 2025: €2,052
- Profit (loss) carried forward +€78,731
up €78,731 (+138%), from €57,212 to €135,943
- Gross operating margin +€22,372
up €22,372 (+29.1%), from €76,982 to €99,354
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 | €91,836 | €170,869 | +€79,033 | +86.1% |
| Fixed assets | 21/28 | €2,839 | - | -€2,839 | |
| Tangible fixed assets | 22/27 | €2,839 | - | -€2,839 | |
| Land and buildings | 22 | €2,839 | - | -€2,839 | |
| Current assets | 29/58 | €88,998 | €170,869 | +€81,871 | +92.0% |
| Amounts receivable within one year | 40/41 | €1,621 | - | -€1,621 | |
| Trade receivables | 40 | €1,621 | - | -€1,621 | |
| Cash at bank and in hand | 54/58 | €87,376 | €168,817 | +€81,440 | +93.2% |
| Deferred charges and accrued income | 490/1 | - | €2,052 | +€2,052 | |
| Total equity and liabilities | 10/49 | €91,836 | €170,869 | +€79,033 | +86.1% |
| Equity | 10/15 | €62,212 | €140,943 | +€78,731 | +127% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,212 | €135,943 | +€78,731 | +138% |
| Amounts payable | 17/49 | €29,624 | €29,926 | +€302 | +1.0% |
| Amounts payable within one year | 42/48 | €29,624 | €29,926 | +€302 | +1.0% |
| Trade debts | 44 | €1,361 | €424 | -€938 | -68.9% |
| Suppliers | 440/4 | €1,361 | €424 | -€938 | -68.9% |
| Taxes, remuneration and social security | 45 | €26,555 | €26,697 | +€141 | +0.5% |
| Taxes | 450/3 | €26,555 | €26,697 | +€141 | +0.5% |
| Other amounts payable | 47/48 | €1,708 | €2,806 | +€1,098 | +64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153 | - | -€153 | |
| Other operating charges | 640/8 | €537 | €400 | -€138 | -25.6% |
| Gross operating margin | 9900 | €76,982 | €99,354 | +€22,372 | +29.1% |
| Operating profit (loss) | 9901 | €76,291 | €98,954 | +€22,663 | +29.7% |
| Financial charges | 65/66B | - | €346 | +€346 | |
| Recurring financial charges | 65 | - | €7 | +€7 | |
| Non-recurring financial charges | 66B | - | €339 | +€339 | |
| Profit (loss) for the period before taxes | 9903 | €76,291 | €98,608 | +€22,317 | +29.3% |
| Income taxes | 67/77 | €19,079 | €19,877 | +€798 | +4.2% |
| Profit (loss) for the period | 9904 | €57,212 | €78,731 | +€21,519 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,212 | €78,731 | +€21,519 | +37.6% |
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 24 October 2026 via checked.be.