I.G. CONSTRUCT: what changed
I.G. CONSTRUCT
Largest movements
- Receivables within one year -€100,588
down €100,588 (-24.3%), from €414,419 to €313,832
of which Other amounts receivable: -€69,160
- Tangible fixed assets +€7,568
up €7,568 (+32.0%), from €23,644 to €31,212
of which Furniture and vehicles: +€9,614
- Trade debts -€181,305
down €181,305 (-54.3%), from €334,081 to €152,775
of which Bills of exchange payable: -€130,612
- Tax, wage and social debts +€47,671
up €47,671 (+365%), from €13,052 to €60,723
of which Remuneration and social security: +€33,109
- Short-term financial debts +€27,704
up €27,704 (+123%), from €22,611 to €50,315
- Profit (loss) carried forward +€8,442
up €8,442 (+4.0%), from €213,398 to €221,840
- Other debts +€7,258
new in 2025: €7,258
- Purchases and services -€127,551
down €127,551 (-10.4%), from €1.2m to €1.1m
- Turnover -€112,364
down €112,364 (-8.9%), from €1.3m to €1.2m
- Gross operating margin +€15,187
up €15,187 (+40.3%), from €37,705 to €52,892
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €603,602 | €513,371 | -€90,230 | -14.9% |
| Fixed assets | 21/28 | €23,644 | €31,212 | +€7,568 | +32.0% |
| Tangible fixed assets | 22/27 | €23,644 | €31,212 | +€7,568 | +32.0% |
| Plant, machinery and equipment | 23 | €4,950 | €2,905 | -€2,045 | -41.3% |
| Furniture and vehicles | 24 | €18,693 | €28,307 | +€9,614 | +51.4% |
| Current assets | 29/58 | €579,958 | €482,159 | -€97,799 | -16.9% |
| Amounts receivable after more than one year | 29 | €159,708 | €159,708 | = | 0.0% |
| Other amounts receivable | 291 | €159,708 | €159,708 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €414,419 | €313,832 | -€100,588 | -24.3% |
| Trade receivables | 40 | €240,915 | €209,487 | -€31,428 | -13.0% |
| Other amounts receivable | 41 | €173,505 | €104,345 | -€69,160 | -39.9% |
| Cash at bank and in hand | 54/58 | €5,831 | €8,620 | +€2,789 | +47.8% |
| Total equity and liabilities | 10/49 | €603,602 | €513,371 | -€90,230 | -14.9% |
| Equity | 10/15 | €233,858 | €242,300 | +€8,442 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,398 | €221,840 | +€8,442 | +4.0% |
| Amounts payable | 17/49 | €369,744 | €271,071 | -€98,673 | -26.7% |
| Amounts payable within one year | 42/48 | €369,744 | €271,071 | -€98,673 | -26.7% |
| Financial debts | 43 | €22,611 | €50,315 | +€27,704 | +123% |
| Credit institutions | 430/8 | €22,611 | €50,315 | +€27,704 | +123% |
| Trade debts | 44 | €334,081 | €152,775 | -€181,305 | -54.3% |
| Suppliers | 440/4 | €122,901 | €72,207 | -€50,694 | -41.2% |
| Bills of exchange payable | 441 | €211,180 | €80,569 | -€130,612 | -61.8% |
| Taxes, remuneration and social security | 45 | €13,052 | €60,723 | +€47,671 | +365% |
| Taxes | 450/3 | €6,246 | €20,808 | +€14,562 | +233% |
| Remuneration and social security | 454/9 | €6,806 | €39,915 | +€33,109 | +486% |
| Other amounts payable | 47/48 | - | €7,258 | +€7,258 | |
| Turnover | 70 | €1,268,949 | €1,156,584 | -€112,364 | -8.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,231,243 | €1,103,692 | -€127,551 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,087 | €19,620 | +€7,532 | +62.3% |
| Other operating charges | 640/8 | €360 | €5,775 | +€5,415 | +1,503% |
| Gross operating margin | 9900 | €37,705 | €52,892 | +€15,187 | +40.3% |
| Operating profit (loss) | 9901 | €25,257 | €27,497 | +€2,240 | +8.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,984 | €12,511 | +€3,527 | +39.3% |
| Recurring financial charges | 65 | €8,984 | €12,511 | +€3,527 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €16,274 | €14,986 | -€1,288 | -7.9% |
| Income taxes | 67/77 | €6,246 | €6,544 | +€298 | +4.8% |
| Profit (loss) for the period | 9904 | €10,028 | €8,442 | -€1,586 | -15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,028 | €8,442 | -€1,586 | -15.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.