I.G. Industries: 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. Industries
Largest movements
- Cash +€312,426
up €312,426 (+93.2%), from €335,183 to €647,609
mainly Net result for the year (+€186,605) and Receivables within one year (+€127,171)
- Receivables within one year -€127,171
down €127,171 (-34.4%), from €369,794 to €242,623
of which Trade receivables: -€78,171
- Profit (loss) carried forward +€218,142
up €218,142 (+30.5%), from €714,962 to €933,103
- Tax, wage and social debts -€88,000
down €88,000 (-100%), from €88,000 to €0
- Financial income -€49,577
down €49,577 (-48.4%), from €102,471 to €52,894
- Taxes -€18,487
down €18,487 (-22.1%), from €83,539 to €65,052
- Gross operating margin -€15,484
down €15,484 (-5.0%), from €310,288 to €294,804
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 | €5,991,280 | €6,127,226 | +€135,945 | +2.3% |
| Fixed assets | 21/28 | €1,286,304 | €1,236,994 | -€49,310 | -3.8% |
| Tangible fixed assets | 22/27 | €1,286,304 | €1,236,994 | -€49,310 | -3.8% |
| Land and buildings | 22 | €1,286,304 | €1,236,994 | -€49,310 | -3.8% |
| Current assets | 29/58 | €4,704,977 | €4,890,232 | +€185,255 | +3.9% |
| Amounts receivable after more than one year | 29 | €4,000,000 | €4,000,000 | = | 0.0% |
| Other amounts receivable | 291 | €4,000,000 | €4,000,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €369,794 | €242,623 | -€127,171 | -34.4% |
| Trade receivables | 40 | €309,794 | €231,623 | -€78,171 | -25.2% |
| Other amounts receivable | 41 | €60,000 | €11,000 | -€49,000 | -81.7% |
| Cash at bank and in hand | 54/58 | €335,183 | €647,609 | +€312,426 | +93.2% |
| Total equity and liabilities | 10/49 | €5,991,280 | €6,127,226 | +€135,945 | +2.3% |
| Equity | 10/15 | €5,757,324 | €5,943,929 | +€186,605 | +3.2% |
| Contributions | 10/11 | €574,139 | €574,139 | +€0 | 0.0% |
| Capital | 10 | €570,155 | €570,155 | = | 0.0% |
| Issued capital | 100 | €570,155 | €570,155 | = | 0.0% |
| Contributions outside capital | 11 | €3,984 | €3,984 | +€0 | 0.0% |
| Share premium | 1100/10 | €3,984 | €3,984 | +€0 | 0.0% |
| Reserves | 13 | €4,468,223 | €4,436,686 | -€31,536 | -0.7% |
| Non-distributable reserves | 130/1 | €74,023 | €74,023 | -€0 | 0.0% |
| Legal reserve | 130 | €57,016 | €57,016 | = | 0.0% |
| Other | 1319 | €17,007 | €17,007 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €4,242,968 | €4,211,432 | -€31,536 | -0.7% |
| Distributable reserves | 133 | €151,232 | €151,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | €714,962 | €933,103 | +€218,142 | +30.5% |
| Provisions and deferred taxes | 16 | €128,431 | €117,919 | -€10,512 | -8.2% |
| Deferred taxes | 168 | €128,431 | €117,919 | -€10,512 | -8.2% |
| Amounts payable | 17/49 | €105,526 | €65,378 | -€40,148 | -38.0% |
| Amounts payable within one year | 42/48 | €105,526 | €65,378 | -€40,148 | -38.0% |
| Trade debts | 44 | €17,334 | €65,186 | +€47,852 | +276% |
| Suppliers | 440/4 | €17,334 | €65,186 | +€47,852 | +276% |
| Taxes, remuneration and social security | 45 | €88,000 | €0 | -€88,000 | -100% |
| Taxes | 450/3 | €88,000 | €0 | -€88,000 | -100% |
| Other amounts payable | 47/48 | €192 | €192 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,310 | €49,310 | +€0 | 0.0% |
| Other operating charges | 640/8 | €58,561 | €56,754 | -€1,807 | -3.1% |
| Gross operating margin | 9900 | €310,288 | €294,804 | -€15,484 | -5.0% |
| Operating profit (loss) | 9901 | €202,418 | €188,740 | -€13,678 | -6.8% |
| Financial income | 75/76B | €102,471 | €52,894 | -€49,577 | -48.4% |
| Recurring financial income | 75 | €102,471 | €52,894 | -€49,577 | -48.4% |
| Financial charges | 65/66B | €324 | €489 | +€166 | +51.2% |
| Recurring financial charges | 65 | €324 | €489 | +€166 | +51.2% |
| Profit (loss) for the period before taxes | 9903 | €304,565 | €241,145 | -€63,420 | -20.8% |
| Transfer from deferred taxes | 780 | €10,512 | €10,512 | = | 0.0% |
| Income taxes | 67/77 | €83,539 | €65,052 | -€18,487 | -22.1% |
| Profit (loss) for the period | 9904 | €231,538 | €186,605 | -€44,933 | -19.4% |
| Transfer from tax-exempt reserves | 789 | €31,536 | €31,536 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €263,075 | €218,142 | -€44,933 | -17.1% |
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 23 October 2026 via checked.be.