IG Enterprises: 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 Enterprises
Largest movements
- Receivables within one year -€32,823
down €32,823 (-87.0%), from €37,745 to €4,922
of which Trade receivables: -€35,600
- Tangible fixed assets +€5,192
up €5,192 (+69.7%), from €7,447 to €12,639
of which Plant, machinery and equipment: +€6,588
- Cash +€2,671
up €2,671 (+295%), from €904 to €3,575
mainly Receivables within one year (+€32,823) and Tax, wage and social debts (+€11,589)
- Formation expenses -€561
no longer reported in 2025 (was €561)
- Profit (loss) carried forward -€26,255
down €26,255, from €20,888 to -€5,367
- Trade debts -€12,783
down €12,783 (-93.5%), from €13,674 to €891
- Tax, wage and social debts +€11,589
up €11,589 (+115%), from €10,095 to €21,684
- Other debts +€1,928
new in 2025: €1,928
- Gross operating margin -€46,242
down €46,242, from €27,789 to -€18,453
- Taxes -€5,315
no longer reported in 2025 (was €5,315)
- Depreciation +€4,689
up €4,689 (+300%), from €1,561 to €6,250
- Other operating charges +€1,468
new in 2025: €1,468
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 | €46,657 | €21,136 | -€25,521 | -54.7% |
| Formation expenses | 20 | €561 | - | -€561 | |
| Fixed assets | 21/28 | €7,447 | €12,639 | +€5,192 | +69.7% |
| Tangible fixed assets | 22/27 | €7,447 | €12,639 | +€5,192 | +69.7% |
| Plant, machinery and equipment | 23 | - | €6,588 | +€6,588 | |
| Furniture and vehicles | 24 | €7,447 | €6,051 | -€1,396 | -18.7% |
| Current assets | 29/58 | €38,649 | €8,497 | -€30,152 | -78.0% |
| Amounts receivable within one year | 40/41 | €37,745 | €4,922 | -€32,823 | -87.0% |
| Trade receivables | 40 | €37,622 | €2,022 | -€35,600 | -94.6% |
| Other amounts receivable | 41 | €123 | €2,900 | +€2,777 | +2,263% |
| Cash at bank and in hand | 54/58 | €904 | €3,575 | +€2,671 | +295% |
| Total equity and liabilities | 10/49 | €46,657 | €21,136 | -€25,521 | -54.7% |
| Equity | 10/15 | €22,888 | -€3,367 | -€26,255 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,888 | -€5,367 | -€26,255 | |
| Amounts payable | 17/49 | €23,768 | €24,503 | +€735 | +3.1% |
| Amounts payable within one year | 42/48 | €23,768 | €24,503 | +€735 | +3.1% |
| Trade debts | 44 | €13,674 | €891 | -€12,783 | -93.5% |
| Suppliers | 440/4 | €13,674 | €891 | -€12,783 | -93.5% |
| Taxes, remuneration and social security | 45 | €10,095 | €21,684 | +€11,589 | +115% |
| Taxes | 450/3 | €10,095 | €21,684 | +€11,589 | +115% |
| Other amounts payable | 47/48 | - | €1,928 | +€1,928 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,561 | €6,250 | +€4,689 | +300% |
| Other operating charges | 640/8 | - | €1,468 | +€1,468 | |
| Gross operating margin | 9900 | €27,789 | -€18,453 | -€46,242 | |
| Operating profit (loss) | 9901 | €26,228 | -€26,171 | -€52,399 | |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €29 | €85 | +€56 | +196% |
| Recurring financial charges | 65 | €29 | €85 | +€56 | +196% |
| Profit (loss) for the period before taxes | 9903 | €26,204 | -€26,256 | -€52,460 | |
| Income taxes | 67/77 | €5,315 | - | -€5,315 | |
| Profit (loss) for the period | 9904 | €20,888 | -€26,256 | -€47,144 | |
| Profit (loss) for the period to be appropriated | 9905 | €20,888 | -€26,256 | -€47,144 |
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 15 October 2026 via checked.be.