IG PARTNERS: 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 PARTNERS
Largest movements
- Cash +€35,438
up €35,438 (+65.6%), from €54,002 to €89,440
mainly Net result for the year (+€37,840) and Depreciation (+€13,000)
- Intangible fixed assets -€13,000
down €13,000 (-10.3%), from €126,750 to €113,750
- Receivables within one year +€7,301
up €7,301 (+16.4%), from €44,397 to €51,699
of which Other amounts receivable: +€8,500
- Reserves +€37,000
up €37,000 (+80.4%), from €46,000 to €83,000
- Tax, wage and social debts -€14,949
down €14,949 (-49.7%), from €30,097 to €15,147
- Debts after one year +€7,348
up €7,348 (+5.4%), from €135,377 to €142,725
- Depreciation +€9,750
up €9,750 (+300.0%), from €3,250 to €13,000
- Taxes -€1,248
down €1,248 (-7.0%), from €17,700 to €16,452
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 | €225,149 | €254,889 | +€29,740 | +13.2% |
| Fixed assets | 21/28 | €126,750 | €113,750 | -€13,000 | -10.3% |
| Intangible fixed assets | 21 | €126,750 | €113,750 | -€13,000 | -10.3% |
| Current assets | 29/58 | €98,399 | €141,139 | +€42,740 | +43.4% |
| Amounts receivable within one year | 40/41 | €44,397 | €51,699 | +€7,301 | +16.4% |
| Trade receivables | 40 | €44,397 | €43,199 | -€1,199 | -2.7% |
| Other amounts receivable | 41 | - | €8,500 | +€8,500 | |
| Cash at bank and in hand | 54/58 | €54,002 | €89,440 | +€35,438 | +65.6% |
| Total equity and liabilities | 10/49 | €225,149 | €254,889 | +€29,740 | +13.2% |
| Equity | 10/15 | €58,718 | €96,558 | +€37,840 | +64.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €83,000 | +€37,000 | +80.4% |
| Distributable reserves | 133 | €46,000 | €83,000 | +€37,000 | +80.4% |
| Profit (loss) carried forward | 14 | €718 | €1,558 | +€840 | +116.9% |
| Amounts payable | 17/49 | €166,431 | €158,331 | -€8,100 | -4.9% |
| Amounts payable after more than one year | 17 | €135,377 | €142,725 | +€7,348 | +5.4% |
| Other amounts payable | 178/9 | €135,377 | €142,725 | +€7,348 | +5.4% |
| Amounts payable within one year | 42/48 | €31,054 | €15,605 | -€15,448 | -49.7% |
| Trade debts | 44 | €957 | €458 | -€499 | -52.1% |
| Suppliers | 440/4 | €957 | €458 | -€499 | -52.1% |
| Taxes, remuneration and social security | 45 | €30,097 | €15,147 | -€14,949 | -49.7% |
| Taxes | 450/3 | €30,097 | €15,147 | -€14,949 | -49.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,250 | €13,000 | +€9,750 | +300.0% |
| Other operating charges | 640/8 | €107 | €653 | +€546 | +507.7% |
| Gross operating margin | 9900 | €67,803 | €68,151 | +€348 | +0.5% |
| Operating profit (loss) | 9901 | €64,446 | €54,498 | -€9,948 | -15.4% |
| Financial charges | 65/66B | €27 | €206 | +€179 | +656.1% |
| Recurring financial charges | 65 | €27 | €206 | +€179 | +656.1% |
| Profit (loss) for the period before taxes | 9903 | €64,418 | €54,292 | -€10,127 | -15.7% |
| Income taxes | 67/77 | €17,700 | €16,452 | -€1,248 | -7.0% |
| Profit (loss) for the period | 9904 | €46,718 | €37,840 | -€8,879 | -19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,718 | €37,840 | -€8,879 | -19.0% |
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.