IG Consult: 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 Consult
Largest movements
- Receivables after one year -€685,000
down €685,000 (-93.2%), from €735,000 to €50,000
- Current investments -€470,095
down €470,095 (-38.1%), from €1.2m to €765,216
- Tangible fixed assets +€212,595
up €212,595 (+28.8%), from €737,553 to €950,148
of which Land and buildings: +€255,796
- Cash +€56,246
up €56,246 (+1273.5%), from €4,417 to €60,662
mainly Receivables after one year (+€685,000) and Current investments (+€470,095)
- Other debts -€647,290
down €647,290 (-78.9%), from €820,862 to €173,572
- Tax, wage and social debts -€198,398
down €198,398 (-72.9%), from €272,085 to €73,687
- Reserves -€95,709
down €95,709 (-5.6%), from €1.7m to €1.6m
- Trade debts +€36,815
up €36,815 (+427.3%), from €8,617 to €45,432
- Financial income -€742,690
down €742,690 (-88.0%), from €843,612 to €100,921
- Gross operating margin -€139,604
down €139,604 (-98.4%), from €141,832 to €2,228
- Taxes -€23,196
down €23,196 (-62.0%), from €37,421 to €14,225
- Depreciation +€10,322
up €10,322 (+25.3%), from €40,746 to €51,068
- Financial charges -€1,636
down €1,636 (-28.9%), from €5,655 to €4,020
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.
Cash bridge derived
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 | €2,972,232 | €2,067,651 | -€904,581 | -30.4% |
| Formation expenses | 20 | €433 | €131 | -€302 | -69.8% |
| Fixed assets | 21/28 | €975,093 | €1,187,688 | +€212,595 | +21.8% |
| Tangible fixed assets | 22/27 | €737,553 | €950,148 | +€212,595 | +28.8% |
| Land and buildings | 22 | €629,556 | €885,352 | +€255,796 | +40.6% |
| Furniture and vehicles | 24 | €50,970 | €46,782 | -€4,188 | -8.2% |
| Other tangible fixed assets | 26 | €20,866 | €18,014 | -€2,852 | -13.7% |
| Assets under construction and advance payments | 27 | €36,161 | - | -€36,161 | |
| Financial fixed assets | 28 | €237,540 | €237,540 | = | 0.0% |
| Current assets | 29/58 | €1,996,705 | €879,832 | -€1.1m | -55.9% |
| Amounts receivable after more than one year | 29 | €735,000 | €50,000 | -€685,000 | -93.2% |
| Other amounts receivable | 291 | €735,000 | €50,000 | -€685,000 | -93.2% |
| Amounts receivable within one year | 40/41 | €2,429 | €1,659 | -€770 | -31.7% |
| Trade receivables | 40 | €1,842 | €883 | -€959 | -52.0% |
| Other amounts receivable | 41 | €587 | €776 | +€189 | +32.1% |
| Current investments | 50/53 | €1,235,311 | €765,216 | -€470,095 | -38.1% |
| Cash at bank and in hand | 54/58 | €4,417 | €60,662 | +€56,246 | +1273.5% |
| Deferred charges and accrued income | 490/1 | €19,549 | €2,294 | -€17,255 | -88.3% |
| Total equity and liabilities | 10/49 | €2,972,232 | €2,067,651 | -€904,581 | -30.4% |
| Equity | 10/15 | €1,820,668 | €1,724,959 | -€95,709 | -5.3% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,695,668 | €1,599,959 | -€95,709 | -5.6% |
| Distributable reserves | 133 | €1,695,668 | €1,599,959 | -€95,709 | -5.6% |
| Amounts payable | 17/49 | €1,151,563 | €342,691 | -€808,872 | -70.2% |
| Amounts payable after more than one year | 17 | €50,000 | €50,000 | = | 0.0% |
| Financial debts | 170/4 | €50,000 | €50,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,101,563 | €292,691 | -€808,872 | -73.4% |
| Trade debts | 44 | €8,617 | €45,432 | +€36,815 | +427.3% |
| Suppliers | 440/4 | €8,617 | €45,432 | +€36,815 | +427.3% |
| Taxes, remuneration and social security | 45 | €272,085 | €73,687 | -€198,398 | -72.9% |
| Taxes | 450/3 | €272,085 | €73,687 | -€198,398 | -72.9% |
| Other amounts payable | 47/48 | €820,862 | €173,572 | -€647,290 | -78.9% |
| Non-recurring operating income | 76A | - | €78 | +€78 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,746 | €51,068 | +€10,322 | +25.3% |
| Other operating charges | 640/8 | €4,110 | €4,546 | +€435 | +10.6% |
| Gross operating margin | 9900 | €141,832 | €2,228 | -€139,604 | -98.4% |
| Operating profit (loss) | 9901 | €96,975 | -€53,386 | -€150,361 | |
| Financial income | 75/76B | €843,612 | €100,921 | -€742,690 | -88.0% |
| Recurring financial income | 75 | €843,612 | €100,921 | -€742,690 | -88.0% |
| Financial charges | 65/66B | €5,655 | €4,020 | -€1,636 | -28.9% |
| Recurring financial charges | 65 | €5,655 | €4,020 | -€1,636 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €934,932 | €43,516 | -€891,416 | -95.3% |
| Income taxes | 67/77 | €37,421 | €14,225 | -€23,196 | -62.0% |
| Profit (loss) for the period | 9904 | €897,511 | €29,291 | -€868,219 | -96.7% |
| Profit (loss) for the period to be appropriated | 9905 | €897,511 | €29,291 | -€868,219 | -96.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.