I-GROOVE: what changed
I-GROOVE
Largest movements
- Receivables within one year +€197,864
up €197,864 (+46.4%), from €426,185 to €624,049
of which Trade receivables: +€194,087
- Cash -€52,992
down €52,992 (-24.9%), from €212,485 to €159,493
mainly Receivables within one year (-€197,864) and Contributions, distributions and other (-€47,278)
- Intangible fixed assets -€49,378
down €49,378 (-35.7%), from €138,350 to €88,971
- Tax, wage and social debts +€83,424
up €83,424 (+21.5%), from €387,496 to €470,920
of which Remuneration and social security: +€115,745
- Profit (loss) carried forward -€41,458
down €41,458 (-37.6%), from €110,161 to €68,703
- Current portion of long-term debt +€34,191
up €34,191 (+16.2%), from €211,385 to €245,576
- Trade debts +€17,372
up €17,372 (+22.2%), from €78,092 to €95,463
- Staff costs +€784,800
up €784,800 (+36.8%), from €2.1m to €2.9m
- Gross operating margin +€604,406
up €604,406 (+24.3%), from €2.5m to €3.1m
- Taxes -€37,071
down €37,071 (-40.7%), from €91,158 to €54,087
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 | €808,970 | €901,663 | +€92,693 | +11.5% |
| Fixed assets | 21/28 | €148,454 | €99,866 | -€48,588 | -32.7% |
| Intangible fixed assets | 21 | €138,350 | €88,971 | -€49,378 | -35.7% |
| Tangible fixed assets | 22/27 | €10,105 | €10,895 | +€790 | +7.8% |
| Furniture and vehicles | 24 | €10,105 | €10,895 | +€790 | +7.8% |
| Current assets | 29/58 | €660,516 | €801,797 | +€141,281 | +21.4% |
| Amounts receivable within one year | 40/41 | €426,185 | €624,049 | +€197,864 | +46.4% |
| Trade receivables | 40 | €421,049 | €615,136 | +€194,087 | +46.1% |
| Other amounts receivable | 41 | €5,136 | €8,913 | +€3,777 | +73.6% |
| Cash at bank and in hand | 54/58 | €212,485 | €159,493 | -€52,992 | -24.9% |
| Deferred charges and accrued income | 490/1 | €21,846 | €18,255 | -€3,591 | -16.4% |
| Total equity and liabilities | 10/49 | €808,970 | €901,663 | +€92,693 | +11.5% |
| Equity | 10/15 | €115,161 | €73,703 | -€41,458 | -36.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,161 | €68,703 | -€41,458 | -37.6% |
| Provisions and deferred taxes | 16 | €16,000 | €16,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,000 | €16,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €16,000 | €16,000 | = | 0.0% |
| Amounts payable | 17/49 | €677,809 | €811,959 | +€134,151 | +19.8% |
| Amounts payable within one year | 42/48 | €677,809 | €811,959 | +€134,151 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €211,385 | €245,576 | +€34,191 | +16.2% |
| Trade debts | 44 | €78,092 | €95,463 | +€17,372 | +22.2% |
| Suppliers | 440/4 | €78,092 | €95,463 | +€17,372 | +22.2% |
| Taxes, remuneration and social security | 45 | €387,496 | €470,920 | +€83,424 | +21.5% |
| Taxes | 450/3 | €186,812 | €154,491 | -€32,321 | -17.3% |
| Remuneration and social security | 454/9 | €200,683 | €316,428 | +€115,745 | +57.7% |
| Other amounts payable | 47/48 | €836 | - | -€836 | |
| Remuneration, social security and pensions | 62 | €2,134,997 | €2,919,797 | +€784,800 | +36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,655 | €64,339 | +€1,685 | +2.7% |
| Other operating charges | 640/8 | €587 | €611 | +€24 | +4.1% |
| Non-recurring operating charges | 66A | €0 | €343 | +€343 | |
| Gross operating margin | 9900 | €2,487,059 | €3,091,465 | +€604,406 | +24.3% |
| Operating profit (loss) | 9901 | €288,820 | €106,374 | -€182,446 | -63.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €44,913 | €46,467 | +€1,554 | +3.5% |
| Recurring financial charges | 65 | €44,913 | €46,467 | +€1,554 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €243,907 | €59,907 | -€184,000 | -75.4% |
| Income taxes | 67/77 | €91,158 | €54,087 | -€37,071 | -40.7% |
| Profit (loss) for the period | 9904 | €152,749 | €5,820 | -€146,929 | -96.2% |
| Profit (loss) for the period to be appropriated | 9905 | €152,749 | €5,820 | -€146,929 | -96.2% |
Next steps
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 7 November 2026 via checked.be.