I-GS: 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-GS
Largest movements
- Tangible fixed assets -€10,458
down €10,458 (-45.2%), from €23,154 to €12,696
of which Furniture and vehicles: -€9,583
- Receivables within one year +€8,239
up €8,239 (+106%), from €7,737 to €15,977
of which Other amounts receivable: +€5,472
- Cash +€5,559
up €5,559 (+40.6%), from €13,699 to €19,258
mainly Net result for the year (+€10,107) and Depreciation (+€9,625)
- Deferred charges and accrued income +€3,932
up €3,932 (+138%), from €2,852 to €6,783
- Reserves +€10,000
up €10,000 (+41.7%), from €24,000 to €34,000
- Trade debts -€1,659
down €1,659 (-47.0%), from €3,530 to €1,871
- Tax, wage and social debts -€1,176
down €1,176 (-22.0%), from €5,338 to €4,162
of which Taxes: -€1,949
- Depreciation -€2,500
down €2,500 (-20.6%), from €12,125 to €9,625
- Gross operating margin -€1,475
down €1,475 (-2.6%), from €57,227 to €55,752
- Financial income +€850
up €850 (+28,330%), from €3 to €853
- Staff costs +€629
up €629 (+2.2%), from €28,591 to €29,220
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 | €47,442 | €54,714 | +€7,272 | +15.3% |
| Fixed assets | 21/28 | €23,154 | €12,696 | -€10,458 | -45.2% |
| Tangible fixed assets | 22/27 | €23,154 | €12,696 | -€10,458 | -45.2% |
| Plant, machinery and equipment | 23 | €1,904 | €1,029 | -€875 | -46.0% |
| Furniture and vehicles | 24 | €21,250 | €11,667 | -€9,583 | -45.1% |
| Current assets | 29/58 | €24,288 | €42,018 | +€17,730 | +73.0% |
| Amounts receivable within one year | 40/41 | €7,737 | €15,977 | +€8,239 | +106% |
| Trade receivables | 40 | €1,600 | €4,367 | +€2,767 | +173% |
| Other amounts receivable | 41 | €6,137 | €11,610 | +€5,472 | +89.2% |
| Cash at bank and in hand | 54/58 | €13,699 | €19,258 | +€5,559 | +40.6% |
| Deferred charges and accrued income | 490/1 | €2,852 | €6,783 | +€3,932 | +138% |
| Total equity and liabilities | 10/49 | €47,442 | €54,714 | +€7,272 | +15.3% |
| Equity | 10/15 | €38,574 | €48,681 | +€10,107 | +26.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Reserves | 13 | €24,000 | €34,000 | +€10,000 | +41.7% |
| Distributable reserves | 133 | €24,000 | €34,000 | +€10,000 | +41.7% |
| Profit (loss) carried forward | 14 | €12,074 | €12,181 | +€107 | +0.9% |
| Amounts payable | 17/49 | €8,868 | €6,033 | -€2,835 | -32.0% |
| Amounts payable within one year | 42/48 | €8,868 | €6,033 | -€2,835 | -32.0% |
| Trade debts | 44 | €3,530 | €1,871 | -€1,659 | -47.0% |
| Suppliers | 440/4 | €3,530 | €1,871 | -€1,659 | -47.0% |
| Taxes, remuneration and social security | 45 | €5,338 | €4,162 | -€1,176 | -22.0% |
| Taxes | 450/3 | €2,954 | €1,005 | -€1,949 | -66.0% |
| Remuneration and social security | 454/9 | €2,384 | €3,157 | +€773 | +32.4% |
| Remuneration, social security and pensions | 62 | €28,591 | €29,220 | +€629 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,125 | €9,625 | -€2,500 | -20.6% |
| Other operating charges | 640/8 | €942 | €1,177 | +€236 | +25.0% |
| Non-recurring operating charges | 66A | - | €333 | +€333 | |
| Gross operating margin | 9900 | €57,227 | €55,752 | -€1,475 | -2.6% |
| Operating profit (loss) | 9901 | €15,569 | €15,396 | -€173 | -1.1% |
| Financial income | 75/76B | €3 | €853 | +€850 | +28,330% |
| Recurring financial income | 75 | €3 | €853 | +€850 | +28,330% |
| Financial charges | 65/66B | €540 | €231 | -€310 | -57.3% |
| Recurring financial charges | 65 | €540 | €231 | -€310 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | €15,032 | €16,018 | +€987 | +6.6% |
| Income taxes | 67/77 | €5,873 | €5,912 | +€39 | +0.7% |
| Profit (loss) for the period | 9904 | €9,159 | €10,107 | +€948 | +10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,159 | €10,107 | +€948 | +10.3% |
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 17 October 2026 via checked.be.