I.G.D.B.: 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.
I.G.D.B.
Largest movements
- Tangible fixed assets -€138,572
down €138,572 (-2.1%), from €6.7m to €6.6m
of which Land and buildings: -€112,533
- Deferred charges and accrued income -€126,288
down €126,288 (-92.1%), from €137,130 to €10,843
- Profit (loss) carried forward -€402,288
down €402,288 (-41.2%), from -€975,594 to -€1.4m
- Other debts +€159,423
up €159,423 (+2.8%), from €5.7m to €5.9m
- Depreciation +€124,003
up €124,003 (+33.2%), from €373,975 to €497,978
- Gross operating margin +€78,315
up €78,315 (+71.7%), from €109,157 to €187,473
- Other operating charges +€59,963
up €59,963 (+274%), from €21,895 to €81,858
- Financial charges +€6,886
up €6,886 (+226%), from €3,044 to €9,929
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 | €7,138,595 | €6,847,455 | -€291,141 | -4.1% |
| Fixed assets | 21/28 | €6,742,780 | €6,604,208 | -€138,572 | -2.1% |
| Tangible fixed assets | 22/27 | €6,742,780 | €6,604,208 | -€138,572 | -2.1% |
| Land and buildings | 22 | €6,638,237 | €6,525,704 | -€112,533 | -1.7% |
| Plant, machinery and equipment | 23 | €3,803 | €2,969 | -€835 | -21.9% |
| Furniture and vehicles | 24 | €64,040 | €49,440 | -€14,600 | -22.8% |
| Other tangible fixed assets | 26 | €36,699 | €26,095 | -€10,604 | -28.9% |
| Current assets | 29/58 | €395,815 | €243,246 | -€152,569 | -38.5% |
| Amounts receivable within one year | 40/41 | €9,417 | €9,417 | = | 0.0% |
| Trade receivables | 40 | €9,417 | €9,417 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €249,267 | €222,986 | -€26,281 | -10.5% |
| Deferred charges and accrued income | 490/1 | €137,130 | €10,843 | -€126,288 | -92.1% |
| Total equity and liabilities | 10/49 | €7,138,595 | €6,847,455 | -€291,141 | -4.1% |
| Equity | 10/15 | €1,350,455 | €948,168 | -€402,288 | -29.8% |
| Contributions | 10/11 | €2,200,000 | €2,200,000 | = | 0.0% |
| Capital | 10 | €2,200,000 | €2,200,000 | = | 0.0% |
| Issued capital | 100 | €2,200,000 | €2,200,000 | = | 0.0% |
| Reserves | 13 | €126,049 | €126,049 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,906 | €16,906 | = | 0.0% |
| Legal reserve | 130 | €16,906 | €16,906 | = | 0.0% |
| Distributable reserves | 133 | €109,143 | €109,143 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€975,594 | -€1,377,881 | -€402,288 | -41.2% |
| Amounts payable | 17/49 | €5,788,140 | €5,899,287 | +€111,147 | +1.9% |
| Amounts payable after more than one year | 17 | €18,413 | €0 | -€18,413 | -100% |
| Financial debts | 170/4 | €18,413 | €0 | -€18,413 | -100% |
| Amounts payable within one year | 42/48 | €5,769,727 | €5,899,287 | +€129,560 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €17,618 | €18,413 | +€795 | +4.5% |
| Trade debts | 44 | €40,141 | €11,163 | -€28,978 | -72.2% |
| Suppliers | 440/4 | €40,141 | €11,163 | -€28,978 | -72.2% |
| Taxes, remuneration and social security | 45 | €1,680 | €0 | -€1,680 | -100% |
| Taxes | 450/3 | €1,680 | €0 | -€1,680 | -100% |
| Other amounts payable | 47/48 | €5,710,288 | €5,869,712 | +€159,423 | +2.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €373,975 | €497,978 | +€124,003 | +33.2% |
| Other operating charges | 640/8 | €21,895 | €81,858 | +€59,963 | +274% |
| Gross operating margin | 9900 | €109,157 | €187,473 | +€78,315 | +71.7% |
| Operating profit (loss) | 9901 | -€286,712 | -€392,363 | -€105,651 | -36.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | +2,835% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2,835% |
| Financial charges | 65/66B | €3,044 | €9,929 | +€6,886 | +226% |
| Recurring financial charges | 65 | €3,044 | €9,929 | +€6,886 | +226% |
| Profit (loss) for the period before taxes | 9903 | -€289,756 | -€402,288 | -€112,532 | -38.8% |
| Profit (loss) for the period | 9904 | -€289,756 | -€402,288 | -€112,532 | -38.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€289,756 | -€402,288 | -€112,532 | -38.8% |
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 21 October 2026 via checked.be.