IG Construction: 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 Construction
Largest movements
- Tangible fixed assets +€6,249
up €6,249 (+167%), from €3,736 to €9,985
of which Furniture and vehicles: +€4,362
- Cash +€4,108
up €4,108 (+11.4%), from €35,915 to €40,023
mainly Debts after one year (+€7,106) and Depreciation (+€5,890)
- Stocks and contracts -€1,000
down €1,000 (-66.7%), from €1,500 to €500
- Debts after one year +€7,106
up €7,106, from €0 to €7,106
- Reserves +€4,500
up €4,500 (+1,500%), from €300 to €4,800
of which Distributable reserves: +€4,500
- Other debts -€4,019
down €4,019 (-10.7%), from €37,553 to €33,534
- Tax, wage and social debts +€2,419
up €2,419 (+237%), from €1,021 to €3,441
- Current portion of long-term debt -€1,460
down €1,460 (-45.0%), from €3,243 to €1,783
- Taxes +€2,031
up €2,031 (+522%), from €389 to €2,419
- Depreciation -€1,771
down €1,771 (-23.1%), from €7,661 to €5,890
- Gross operating margin +€1,590
up €1,590 (+10.1%), from €15,781 to €17,371
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 | €53,245 | €61,635 | +€8,390 | +15.8% |
| Fixed assets | 21/28 | €4,227 | €10,296 | +€6,069 | +144% |
| Intangible fixed assets | 21 | €492 | €312 | -€180 | -36.6% |
| Tangible fixed assets | 22/27 | €3,736 | €9,985 | +€6,249 | +167% |
| Plant, machinery and equipment | 23 | €1,461 | €3,348 | +€1,887 | +129% |
| Furniture and vehicles | 24 | €2,275 | €6,637 | +€4,362 | +192% |
| Current assets | 29/58 | €49,018 | €51,339 | +€2,321 | +4.7% |
| Stocks and contracts in progress | 3 | €1,500 | €500 | -€1,000 | -66.7% |
| Stocks | 30/36 | €1,500 | €500 | -€1,000 | -66.7% |
| Amounts receivable within one year | 40/41 | €9,917 | €9,439 | -€478 | -4.8% |
| Trade receivables | 40 | €9,296 | €7,714 | -€1,581 | -17.0% |
| Other amounts receivable | 41 | €621 | €1,725 | +€1,104 | +178% |
| Cash at bank and in hand | 54/58 | €35,915 | €40,023 | +€4,108 | +11.4% |
| Deferred charges and accrued income | 490/1 | €1,686 | €1,377 | -€310 | -18.4% |
| Total equity and liabilities | 10/49 | €53,245 | €61,635 | +€8,390 | +15.8% |
| Equity | 10/15 | €9,735 | €14,257 | +€4,522 | +46.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €300 | €4,800 | +€4,500 | +1,500% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €300 | €300 | = | 0.0% |
| Distributable reserves | 133 | - | €4,500 | +€4,500 | |
| Profit (loss) carried forward | 14 | €3,235 | €3,257 | +€22 | +0.7% |
| Amounts payable | 17/49 | €43,510 | €47,378 | +€3,868 | +8.9% |
| Amounts payable after more than one year | 17 | €0 | €7,106 | +€7,106 | |
| Financial debts | 170/4 | €0 | €7,106 | +€7,106 | |
| Amounts payable within one year | 42/48 | €42,573 | €40,272 | -€2,301 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €3,243 | €1,783 | -€1,460 | -45.0% |
| Trade debts | 44 | €755 | €1,514 | +€759 | +100% |
| Suppliers | 440/4 | €755 | €1,514 | +€759 | +100% |
| Taxes, remuneration and social security | 45 | €1,021 | €3,441 | +€2,419 | +237% |
| Taxes | 450/3 | €1,021 | €3,441 | +€2,419 | +237% |
| Other amounts payable | 47/48 | €37,553 | €33,534 | -€4,019 | -10.7% |
| Accrued charges and deferred income | 492/3 | €937 | €0 | -€937 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,661 | €5,890 | -€1,771 | -23.1% |
| Other operating charges | 640/8 | €3,931 | €3,951 | +€20 | +0.5% |
| Gross operating margin | 9900 | €15,781 | €17,371 | +€1,590 | +10.1% |
| Operating profit (loss) | 9901 | €4,189 | €7,530 | +€3,340 | +79.7% |
| Financial income | 75/76B | €72 | €0 | -€71 | -99.7% |
| Recurring financial income | 75 | €72 | €0 | -€71 | -99.7% |
| Financial charges | 65/66B | €634 | €588 | -€46 | -7.3% |
| Recurring financial charges | 65 | €634 | €588 | -€46 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €3,626 | €6,942 | +€3,315 | +91.4% |
| Income taxes | 67/77 | €389 | €2,419 | +€2,031 | +522% |
| Profit (loss) for the period | 9904 | €3,238 | €4,522 | +€1,284 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,238 | €4,522 | +€1,284 | +39.7% |
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 25 October 2026 via checked.be.