IG CONCEPT: what changed
Two fiscal 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.
IG CONCEPT
Largest movements
- Receivables within one year +€1.4m
up €1.4m (+20.9%), from €6.5m to €7.8m
of which Other amounts receivable: +€1.4m
- Tangible fixed assets +€527,017
up €527,017 (+254.4%), from €207,142 to €734,159
of which Furniture and vehicles: +€331,357
- Cash +€120,840
up €120,840 (+81.0%), from €149,159 to €269,999
mainly Other debts (+€2.3m) and Depreciation (+€89,974)
- Other debts +€2.3m
up €2.3m (+34.3%), from €6.7m to €8.9m
- Profit (loss) carried forward -€166,585
down €166,585 (-79.3%), from -€210,086 to -€376,670
- Trade debts -€96,715
down €96,715 (-46.2%), from €209,224 to €112,509
- Gross operating margin +€84,873
up €84,873 (+50.7%), from €167,534 to €252,407
- Financial charges +€47,966
up €47,966 (+74.3%), from €64,594 to €112,560
- Financial income +€37,215
up €37,215 (+78.0%), from €47,711 to €84,926
- Depreciation +€29,162
up €29,162 (+48.0%), from €60,812 to €89,974
- Staff costs +€19,043
up €19,043 (+7.4%), from €257,166 to €276,209
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.
Cash bridge derived
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 | €6,889,954 | €8,837,377 | +€1.9m | +28.3% |
| Fixed assets | 21/28 | €218,958 | €740,785 | +€521,827 | +238.3% |
| Intangible fixed assets | 21 | €11,756 | €6,566 | -€5,190 | -44.1% |
| Tangible fixed assets | 22/27 | €207,142 | €734,159 | +€527,017 | +254.4% |
| Plant, machinery and equipment | 23 | €71,124 | €266,784 | +€195,660 | +275.1% |
| Furniture and vehicles | 24 | €136,018 | €467,375 | +€331,357 | +243.6% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €6,670,996 | €8,096,592 | +€1.4m | +21.4% |
| Stocks and contracts in progress | 3 | €5,000 | €5,000 | = | 0.0% |
| Stocks | 30/36 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,463,055 | €7,815,465 | +€1.4m | +20.9% |
| Trade receivables | 40 | €33,418 | €35,400 | +€1,982 | +5.9% |
| Other amounts receivable | 41 | €6,429,637 | €7,780,065 | +€1.4m | +21.0% |
| Cash at bank and in hand | 54/58 | €149,159 | €269,999 | +€120,840 | +81.0% |
| Deferred charges and accrued income | 490/1 | €53,782 | €6,128 | -€47,653 | -88.6% |
| Total equity and liabilities | 10/49 | €6,889,954 | €8,837,377 | +€1.9m | +28.3% |
| Equity | 10/15 | -€90,493 | -€257,077 | -€166,585 | -184.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,993 | €100,993 | = | 0.0% |
| Distributable reserves | 133 | €100,993 | €100,993 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€210,086 | -€376,670 | -€166,585 | -79.3% |
| Amounts payable | 17/49 | €6,980,446 | €9,094,454 | +€2.1m | +30.3% |
| Amounts payable within one year | 42/48 | €6,919,687 | €9,094,454 | +€2.2m | +31.4% |
| Financial debts | 43 | - | €1,390 | +€1,390 | |
| Credit institutions | 430/8 | - | €1,390 | +€1,390 | |
| Trade debts | 44 | €209,224 | €112,509 | -€96,715 | -46.2% |
| Suppliers | 440/4 | €209,224 | €112,509 | -€96,715 | -46.2% |
| Taxes, remuneration and social security | 45 | €55,086 | €44,945 | -€10,141 | -18.4% |
| Taxes | 450/3 | €1,119 | €1,232 | +€113 | +10.1% |
| Remuneration and social security | 454/9 | €53,967 | €43,713 | -€10,253 | -19.0% |
| Other amounts payable | 47/48 | €6,655,377 | €8,935,610 | +€2.3m | +34.3% |
| Accrued charges and deferred income | 492/3 | €60,760 | €0 | -€60,760 | -100.0% |
| Remuneration, social security and pensions | 62 | €257,166 | €276,209 | +€19,043 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,812 | €89,974 | +€29,162 | +48.0% |
| Other operating charges | 640/8 | €32,342 | €25,174 | -€7,168 | -22.2% |
| Gross operating margin | 9900 | €167,534 | €252,407 | +€84,873 | +50.7% |
| Operating profit (loss) | 9901 | -€182,786 | -€138,950 | +€43,836 | +24.0% |
| Financial income | 75/76B | €47,711 | €84,926 | +€37,215 | +78.0% |
| Recurring financial income | 75 | €47,711 | €84,926 | +€37,215 | +78.0% |
| Financial charges | 65/66B | €64,594 | €112,560 | +€47,966 | +74.3% |
| Recurring financial charges | 65 | €64,594 | €112,560 | +€47,966 | +74.3% |
| Profit (loss) for the period before taxes | 9903 | -€199,670 | -€166,585 | +€33,085 | +16.6% |
| Income taxes | 67/77 | €10,416 | €0 | -€10,416 | -100.0% |
| Profit (loss) for the period | 9904 | -€210,086 | -€166,585 | +€43,501 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€210,086 | -€166,585 | +€43,501 | +20.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.