I.G.N.: 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.N.
Largest movements
- Tangible fixed assets -€10,448
down €10,448 (-2.5%), from €415,086 to €404,638
of which Land and buildings: -€13,427
- Receivables within one year -€9,055
down €9,055 (-91.3%), from €9,922 to €867
- Cash -€7,125
down €7,125 (-70.9%), from €10,049 to €2,924
mainly Other debts (-€17,800) and Investment in fixed assets (net) (-€11,562)
- Other debts -€17,800
down €17,800 (-3.4%), from €519,328 to €501,528
- Gross operating margin +€6,886
up €6,886 (+43.0%), from €16,015 to €22,901
- Depreciation +€1,639
up €1,639 (+8.0%), from €20,371 to €22,010
- Financial income -€535
no longer reported in 2025 (was €535)
- Financial charges +€450
up €450 (+292%), from €154 to €604
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 | €510,800 | €486,600 | -€24,200 | -4.7% |
| Fixed assets | 21/28 | €490,086 | €479,638 | -€10,448 | -2.1% |
| Tangible fixed assets | 22/27 | €415,086 | €404,638 | -€10,448 | -2.5% |
| Land and buildings | 22 | €401,455 | €388,028 | -€13,427 | -3.3% |
| Plant, machinery and equipment | 23 | €13,632 | €16,610 | +€2,978 | +21.8% |
| Financial fixed assets | 28 | €75,000 | €75,000 | = | 0.0% |
| Current assets | 29/58 | €20,714 | €6,962 | -€13,752 | -66.4% |
| Amounts receivable within one year | 40/41 | €9,922 | €867 | -€9,055 | -91.3% |
| Trade receivables | 40 | €9,922 | €867 | -€9,055 | -91.3% |
| Cash at bank and in hand | 54/58 | €10,049 | €2,924 | -€7,125 | -70.9% |
| Deferred charges and accrued income | 490/1 | €743 | €3,170 | +€2,427 | +327% |
| Total equity and liabilities | 10/49 | €510,800 | €486,600 | -€24,200 | -4.7% |
| Equity | 10/15 | -€13,515 | -€17,767 | -€4,252 | -31.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,975 | -€38,227 | -€4,252 | -12.5% |
| Amounts payable | 17/49 | €524,315 | €504,366 | -€19,948 | -3.8% |
| Amounts payable within one year | 42/48 | €524,315 | €504,366 | -€19,948 | -3.8% |
| Trade debts | 44 | €2,577 | €835 | -€1,742 | -67.6% |
| Suppliers | 440/4 | €2,577 | €835 | -€1,742 | -67.6% |
| Taxes, remuneration and social security | 45 | €2,409 | €2,003 | -€406 | -16.9% |
| Taxes | 450/3 | €2,409 | €2,003 | -€406 | -16.9% |
| Other amounts payable | 47/48 | €519,328 | €501,528 | -€17,800 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,371 | €22,010 | +€1,639 | +8.0% |
| Other operating charges | 640/8 | €4,478 | €4,539 | +€61 | +1.4% |
| Gross operating margin | 9900 | €16,015 | €22,901 | +€6,886 | +43.0% |
| Operating profit (loss) | 9901 | -€8,834 | -€3,648 | +€5,186 | +58.7% |
| Financial income | 75/76B | €535 | - | -€535 | |
| Recurring financial income | 75 | €535 | - | -€535 | |
| Financial charges | 65/66B | €154 | €604 | +€450 | +292% |
| Recurring financial charges | 65 | €154 | €604 | +€450 | +292% |
| Profit (loss) for the period before taxes | 9903 | -€8,454 | -€4,252 | +€4,202 | +49.7% |
| Profit (loss) for the period | 9904 | -€8,454 | -€4,252 | +€4,202 | +49.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,454 | -€4,252 | +€4,202 | +49.7% |
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 19 October 2026 via checked.be.