I.G. TRANS: what changed
What changed
I.G. TRANS
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
-€18,820
2024 · €31,604-€50,424
Equity
€66,042
2024 · €84,862-€18,820
Cash
€28,987
2024 · €30,226-€1,239
Balance sheet total
€175,000
2024 · €100,238+€74,762
Largest movements
Assets
- Tangible fixed assets +€71,193
up €71,193 (+131%), from €54,478 to €125,671
- Receivables within one year +€6,229
up €6,229 (+47.9%), from €12,999 to €19,228
of which Trade receivables: +€14,228
Equity and liabilities
- Debts after one year +€61,011
new in 2025: €61,011
- Current portion of long-term debt +€18,437
new in 2025: €18,437
- Profit (loss) carried forward -€14,633
down €14,633, from €3,140 to -€11,492
- Tax, wage and social debts +€9,123
up €9,123 (+153%), from €5,968 to €15,091
of which Remuneration and social security: +€4,939
- Reserves -€4,187
down €4,187 (-6.6%), from €63,121 to €58,934
of which Tax-exempt reserves: -€4,187
Income statement
- Staff costs +€54,236
up €54,236 (+5,207%), from €1,042 to €55,278
- Depreciation +€22,978
up €22,978 (+1,410%), from €1,629 to €24,607
- Gross operating margin +€18,093
up €18,093 (+38.7%), from €46,762 to €64,855
- Taxes -€5,113
no longer reported in 2025 (was €5,113)
- Financial charges +€3,087
up €3,087 (+1,241%), from €249 to €3,336
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.
Result 2024
€31,604
Gross operating margin
+€18,093
Staff costs
-€54,236
Depreciation
-€22,978
Other operating charges
-€1,550
Financial income
+€49
Financial charges
-€3,087
Taxes
+€5,113
Deferred taxes and other
+€8,172
Result 2025
-€18,820
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€15,113
Investment
-€95,800
Financing
+€79,448
Cash 2024
€30,226
From operations (derived)
+€15,113
Net result for the year
-€18,820
Depreciation
+€24,607
Receivables within one year
-€6,229
Deferred charges and accrued income
+€1,422
Provisions
-€1,396
Trade debts
+€3,818
Tax, wage and social debts
+€9,123
Other debts
+€2,589
Investment (derived)
-€95,800
Investment in fixed assets (net)
-€95,800
Financing
+€79,448
Debts after one year
+€61,011
Current portion of long-term debt
+€18,437
Cash 2025
€28,987
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,238 | €175,000 | +€74,762 | +74.6% |
| Fixed assets | 21/28 | €54,478 | €125,671 | +€71,193 | +131% |
| Tangible fixed assets | 22/27 | €54,478 | €125,671 | +€71,193 | +131% |
| Furniture and vehicles | 24 | €54,478 | €125,671 | +€71,193 | +131% |
| Current assets | 29/58 | €45,760 | €49,329 | +€3,569 | +7.8% |
| Amounts receivable within one year | 40/41 | €12,999 | €19,228 | +€6,229 | +47.9% |
| Trade receivables | 40 | - | €14,228 | +€14,228 | |
| Other amounts receivable | 41 | €12,999 | €5,000 | -€7,999 | -61.5% |
| Cash at bank and in hand | 54/58 | €30,226 | €28,987 | -€1,239 | -4.1% |
| Deferred charges and accrued income | 490/1 | €2,535 | €1,114 | -€1,422 | -56.1% |
| Total equity and liabilities | 10/49 | €100,238 | €175,000 | +€74,762 | +74.6% |
| Equity | 10/15 | €84,862 | €66,042 | -€18,820 | -22.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,121 | €58,934 | -€4,187 | -6.6% |
| Tax-exempt reserves | 132 | €20,329 | €16,142 | -€4,187 | -20.6% |
| Distributable reserves | 133 | €42,792 | €42,792 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,140 | -€11,492 | -€14,633 | |
| Provisions and deferred taxes | 16 | €6,776 | €5,381 | -€1,396 | -20.6% |
| Deferred taxes | 168 | €6,776 | €5,381 | -€1,396 | -20.6% |
| Amounts payable | 17/49 | €8,600 | €103,577 | +€94,978 | +1,104% |
| Amounts payable after more than one year | 17 | - | €61,011 | +€61,011 | |
| Financial debts | 170/4 | - | €61,011 | +€61,011 | |
| Amounts payable within one year | 42/48 | €8,600 | €42,566 | +€33,966 | +395% |
| Current portion of amounts payable after more than one year | 42 | - | €18,437 | +€18,437 | |
| Trade debts | 44 | €1,439 | €5,256 | +€3,818 | +265% |
| Suppliers | 440/4 | €1,439 | €5,256 | +€3,818 | +265% |
| Taxes, remuneration and social security | 45 | €5,968 | €15,091 | +€9,123 | +153% |
| Taxes | 450/3 | €5,315 | €9,499 | +€4,184 | +78.7% |
| Remuneration and social security | 454/9 | €652 | €5,591 | +€4,939 | +757% |
| Other amounts payable | 47/48 | €1,193 | €3,782 | +€2,589 | +217% |
| Non-recurring operating income | 76A | €27,916 | - | -€27,916 | |
| Remuneration, social security and pensions | 62 | €1,042 | €55,278 | +€54,236 | +5,207% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,629 | €24,607 | +€22,978 | +1,410% |
| Other operating charges | 640/8 | €456 | €2,005 | +€1,550 | +340% |
| Gross operating margin | 9900 | €46,762 | €64,855 | +€18,093 | +38.7% |
| Operating profit (loss) | 9901 | €43,635 | -€17,035 | -€60,670 | |
| Financial income | 75/76B | €106 | €155 | +€49 | +45.9% |
| Recurring financial income | 75 | €106 | €155 | +€49 | +45.9% |
| Financial charges | 65/66B | €249 | €3,336 | +€3,087 | +1,241% |
| Recurring financial charges | 65 | €249 | €3,336 | +€3,087 | +1,241% |
| Profit (loss) for the period before taxes | 9903 | €43,493 | -€20,216 | -€63,709 | |
| Transfer from deferred taxes | 780 | €203 | €1,396 | +€1,193 | +589% |
| Transfer to deferred taxes | 680 | €6,979 | - | -€6,979 | |
| Income taxes | 67/77 | €5,113 | - | -€5,113 | |
| Profit (loss) for the period | 9904 | €31,604 | -€18,820 | -€50,424 | |
| Transfer from tax-exempt reserves | 789 | €608 | €4,187 | +€3,579 | +589% |
| Transfer to tax-exempt reserves | 689 | €20,937 | - | -€20,937 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,275 | -€14,633 | -€25,907 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.