Foncière IGK: 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.
Foncière IGK
Largest movements
- Cash +€38,188
up €38,188 (+14.4%), from €265,005 to €303,193
mainly Net result for the year (+€35,383) and Depreciation (+€31,232)
- Tangible fixed assets -€31,232
down €31,232 (-5.8%), from €534,054 to €502,822
- Receivables within one year +€8,861
up €8,861 (+227%), from €3,903 to €12,764
- Other debts +€10,422
up €10,422 (+41.8%), from €24,961 to €35,383
- Turnover -€8,998
down €8,998 (-6.5%), from €138,850 to €129,852
- Financial charges -€7,673
down €7,673 (-23.9%), from €32,056 to €24,383
- Other operating income +€6,765
new in 2025: €6,765
- Services and other goods -€6,226
down €6,226 (-17.8%), from €34,965 to €28,739
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 | €802,962 | €818,779 | +€15,817 | +2.0% |
| Fixed assets | 21/28 | €534,054 | €502,822 | -€31,232 | -5.8% |
| Tangible fixed assets | 22/27 | €534,054 | €502,822 | -€31,232 | -5.8% |
| Land and buildings | 22 | €534,054 | €502,822 | -€31,232 | -5.8% |
| Current assets | 29/58 | €268,908 | €315,957 | +€47,049 | +17.5% |
| Amounts receivable within one year | 40/41 | €3,903 | €12,764 | +€8,861 | +227% |
| Trade receivables | 40 | €3,903 | €12,764 | +€8,861 | +227% |
| Cash at bank and in hand | 54/58 | €265,005 | €303,193 | +€38,188 | +14.4% |
| Total equity and liabilities | 10/49 | €802,962 | €818,779 | +€15,817 | +2.0% |
| Equity | 10/15 | €229,725 | €229,725 | = | 0.0% |
| Contributions | 10/11 | €219,524 | €219,524 | = | 0.0% |
| Capital | 10 | €102,006 | €102,006 | = | 0.0% |
| Issued capital | 100 | €102,006 | €102,006 | = | 0.0% |
| Contributions outside capital | 11 | €117,518 | €117,518 | = | 0.0% |
| Share premium | 1100/10 | €117,518 | €117,518 | = | 0.0% |
| Reserves | 13 | €10,201 | €10,201 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,201 | €10,201 | = | 0.0% |
| Legal reserve | 130 | €10,201 | €10,201 | = | 0.0% |
| Amounts payable | 17/49 | €573,237 | €589,054 | +€15,817 | +2.8% |
| Amounts payable after more than one year | 17 | €531,175 | €531,175 | = | 0.0% |
| Financial debts | 170/4 | €531,175 | €531,175 | = | 0.0% |
| Other loans | 174 | €531,175 | €531,175 | = | 0.0% |
| Amounts payable within one year | 42/48 | €34,696 | €52,166 | +€17,470 | +50.4% |
| Trade debts | 44 | €8,065 | €7,068 | -€997 | -12.4% |
| Suppliers | 440/4 | €8,065 | €7,068 | -€997 | -12.4% |
| Taxes, remuneration and social security | 45 | €1,670 | €9,715 | +€8,046 | +482% |
| Taxes | 450/3 | €1,670 | €9,715 | +€8,046 | +482% |
| Other amounts payable | 47/48 | €24,961 | €35,383 | +€10,422 | +41.8% |
| Accrued charges and deferred income | 492/3 | €7,366 | €5,713 | -€1,653 | -22.4% |
| Operating income | 70/76A | €138,850 | €136,617 | -€2,233 | -1.6% |
| Turnover | 70 | €138,850 | €129,852 | -€8,998 | -6.5% |
| Other operating income | 74 | - | €6,765 | +€6,765 | |
| Operating charges | 60/66A | €73,143 | €67,136 | -€6,007 | -8.2% |
| Services and other goods | 61 | €34,965 | €28,739 | -€6,226 | -17.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,232 | €31,232 | = | 0.0% |
| Other operating charges | 640/8 | €6,946 | €7,165 | +€219 | +3.2% |
| Operating profit (loss) | 9901 | €65,707 | €69,481 | +€3,773 | +5.7% |
| Financial charges | 65/66B | €32,056 | €24,383 | -€7,673 | -23.9% |
| Recurring financial charges | 65 | €32,056 | €24,383 | -€7,673 | -23.9% |
| Debt charges | 650 | €31,618 | €23,946 | -€7,672 | -24.3% |
| Other financial charges | 652/9 | €438 | €436 | -€1 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €33,651 | €45,098 | +€11,447 | +34.0% |
| Income taxes | 67/77 | €8,690 | €9,715 | +€1,025 | +11.8% |
| Taxes | 670/3 | €8,690 | €9,715 | +€1,025 | +11.8% |
| Profit (loss) for the period | 9904 | €24,961 | €35,383 | +€10,422 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,961 | €35,383 | +€10,422 | +41.8% |
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 31 October 2026 via checked.be.