IGANIZ: 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.
IGANIZ
Largest movements
- Cash +€195,777
up €195,777 (+39.4%), from €496,977 to €692,754
mainly Net result for the year (+€163,325) and Tax, wage and social debts (+€33,281)
- Reserves +€163,325
up €163,325 (+23.5%), from €694,083 to €857,408
- Tax, wage and social debts +€33,281
up €33,281 (+221.3%), from €15,039 to €48,320
- Gross operating margin +€30,636
up €30,636 (+15.0%), from €203,654 to €234,290
- Taxes +€9,910
up €9,910 (+16.2%), from €61,333 to €71,244
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 | €722,307 | €919,303 | +€196,997 | +27.3% |
| Fixed assets | 21/28 | €8,300 | €6,640 | -€1,660 | -20.0% |
| Tangible fixed assets | 22/27 | €8,300 | €6,640 | -€1,660 | -20.0% |
| Furniture and vehicles | 24 | €8,300 | €6,640 | -€1,660 | -20.0% |
| Current assets | 29/58 | €714,006 | €912,663 | +€198,657 | +27.8% |
| Amounts receivable within one year | 40/41 | €90,000 | €90,000 | = | 0.0% |
| Other amounts receivable | 41 | €90,000 | €90,000 | = | 0.0% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €496,977 | €692,754 | +€195,777 | +39.4% |
| Deferred charges and accrued income | 490/1 | €27,030 | €29,909 | +€2,879 | +10.7% |
| Total equity and liabilities | 10/49 | €722,307 | €919,303 | +€196,997 | +27.3% |
| Equity | 10/15 | €706,483 | €869,808 | +€163,325 | +23.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €694,083 | €857,408 | +€163,325 | +23.5% |
| Distributable reserves | 133 | €694,083 | €857,408 | +€163,325 | +23.5% |
| Amounts payable | 17/49 | €15,824 | €49,495 | +€33,672 | +212.8% |
| Amounts payable within one year | 42/48 | €15,824 | €49,495 | +€33,672 | +212.8% |
| Taxes, remuneration and social security | 45 | €15,039 | €48,320 | +€33,281 | +221.3% |
| Taxes | 450/3 | €15,039 | €48,320 | +€33,281 | +221.3% |
| Other amounts payable | 47/48 | €785 | €1,176 | +€391 | +49.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €1,660 | +€1,586 | +2150.9% |
| Other operating charges | 640/8 | €717 | €735 | +€18 | +2.6% |
| Gross operating margin | 9900 | €203,654 | €234,290 | +€30,636 | +15.0% |
| Operating profit (loss) | 9901 | €202,863 | €231,895 | +€29,032 | +14.3% |
| Financial income | 75/76B | €3,978 | €2,744 | -€1,234 | -31.0% |
| Recurring financial income | 75 | €3,978 | €2,744 | -€1,234 | -31.0% |
| Financial charges | 65/66B | €92 | €70 | -€22 | -24.0% |
| Recurring financial charges | 65 | €92 | €70 | -€22 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €206,749 | €234,569 | +€27,820 | +13.5% |
| Income taxes | 67/77 | €61,333 | €71,244 | +€9,910 | +16.2% |
| Profit (loss) for the period | 9904 | €145,416 | €163,325 | +€17,909 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €145,416 | €163,325 | +€17,909 | +12.3% |
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 5 October 2026 via checked.be.