IG Connections: 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.
IG Connections
Largest movements
- Receivables within one year +€53,245
up €53,245 (+93.8%), from €56,754 to €109,999
of which Trade receivables: +€57,350
- Cash +€17,274
up €17,274 (+69.3%), from €24,929 to €42,204
mainly Trade debts (+€48,061) and Other debts (+€13,456)
- Tangible fixed assets -€6,757
down €6,757 (-24.5%), from €27,559 to €20,802
of which Furniture and vehicles: -€6,411
- Trade debts +€48,061
up €48,061 (+10,569%), from €455 to €48,516
- Other debts +€13,456
up €13,456 (+29.3%), from €45,878 to €59,334
- Profit (loss) carried forward +€4,233
up €4,233 (+13.3%), from €31,802 to €36,035
- Tax, wage and social debts -€1,987
down €1,987 (-7.9%), from €25,306 to €23,319
of which Remuneration and social security: -€5,607
- Gross operating margin -€48,920
down €48,920 (-43.9%), from €111,505 to €62,585
- Staff costs +€8,511
new in 2024: €8,511
- Financial charges +€6,909
up €6,909 (+31.2%), from €22,179 to €29,088
- Taxes -€5,622
down €5,622 (-67.3%), from €8,357 to €2,735
- Depreciation +€5,053
up €5,053 (+75.3%), from €6,707 to €11,760
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,442 | €177,204 | +€63,762 | +56.2% |
| Fixed assets | 21/28 | €31,759 | €25,002 | -€6,757 | -21.3% |
| Tangible fixed assets | 22/27 | €27,559 | €20,802 | -€6,757 | -24.5% |
| Plant, machinery and equipment | 23 | €10,518 | €10,172 | -€346 | -3.3% |
| Furniture and vehicles | 24 | €17,041 | €10,629 | -€6,411 | -37.6% |
| Financial fixed assets | 28 | €4,200 | €4,200 | = | 0.0% |
| Current assets | 29/58 | €81,683 | €152,202 | +€70,519 | +86.3% |
| Amounts receivable within one year | 40/41 | €56,754 | €109,999 | +€53,245 | +93.8% |
| Trade receivables | 40 | €48,164 | €105,515 | +€57,350 | +119% |
| Other amounts receivable | 41 | €8,589 | €4,484 | -€4,105 | -47.8% |
| Cash at bank and in hand | 54/58 | €24,929 | €42,204 | +€17,274 | +69.3% |
| Total equity and liabilities | 10/49 | €113,442 | €177,204 | +€63,762 | +56.2% |
| Equity | 10/15 | €41,802 | €46,035 | +€4,233 | +10.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,802 | €36,035 | +€4,233 | +13.3% |
| Amounts payable | 17/49 | €71,639 | €131,169 | +€59,530 | +83.1% |
| Amounts payable within one year | 42/48 | €71,639 | €131,169 | +€59,530 | +83.1% |
| Trade debts | 44 | €455 | €48,516 | +€48,061 | +10,569% |
| Suppliers | 440/4 | €455 | €48,516 | +€48,061 | +10,569% |
| Taxes, remuneration and social security | 45 | €25,306 | €23,319 | -€1,987 | -7.9% |
| Taxes | 450/3 | €19,656 | €23,276 | +€3,619 | +18.4% |
| Remuneration and social security | 454/9 | €5,650 | €43 | -€5,607 | -99.2% |
| Other amounts payable | 47/48 | €45,878 | €59,334 | +€13,456 | +29.3% |
| Remuneration, social security and pensions | 62 | - | €8,511 | +€8,511 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,707 | €11,760 | +€5,053 | +75.3% |
| Other operating charges | 640/8 | €3,599 | €6,260 | +€2,661 | +73.9% |
| Gross operating margin | 9900 | €111,505 | €62,585 | -€48,920 | -43.9% |
| Operating profit (loss) | 9901 | €101,198 | €36,053 | -€65,145 | -64.4% |
| Financial income | 75/76B | €2,812 | €2 | -€2,810 | -99.9% |
| Recurring financial income | 75 | €2,812 | €2 | -€2,810 | -99.9% |
| Financial charges | 65/66B | €22,179 | €29,088 | +€6,909 | +31.2% |
| Recurring financial charges | 65 | €22,179 | €29,088 | +€6,909 | +31.2% |
| Profit (loss) for the period before taxes | 9903 | €81,831 | €6,967 | -€74,864 | -91.5% |
| Income taxes | 67/77 | €8,357 | €2,735 | -€5,622 | -67.3% |
| Profit (loss) for the period | 9904 | €73,475 | €4,233 | -€69,242 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,475 | €4,233 | -€69,242 | -94.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.