IGC INVEST: what changed
IGC INVEST
Largest movements
- Cash -€3,167
down €3,167 (-98.0%), from €3,231 to €63
mainly Net result for the year (-€5,272)
- Receivables within one year -€1,045
down €1,045 (-67.6%), from €1,545 to €500
- Tangible fixed assets -€340
no longer reported in 2025 (was €340)
- Profit (loss) carried forward -€5,272
down €5,272 (-19.7%), from -€26,826 to -€32,098
- Other debts +€421
new in 2025: €421
- Trade debts +€298
up €298 (+251%), from €119 to €416
- Gross operating margin -€6,710
down €6,710, from €2,217 to -€4,494
- Depreciation -€1,287
no longer reported in 2025 (was €1,287)
- Financial income -€726
no longer reported in 2025 (was €726)
- Financial charges +€354
up €354 (+259%), from €137 to €491
of which Non-recurring financial charges: +€340
- Other operating charges -€211
down €211 (-42.3%), from €498 to €287
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,116 | €563 | -€4,553 | -89.0% |
| Fixed assets | 21/28 | €340 | - | -€340 | |
| Tangible fixed assets | 22/27 | €340 | - | -€340 | |
| Plant, machinery and equipment | 23 | €340 | - | -€340 | |
| Current assets | 29/58 | €4,776 | €563 | -€4,213 | -88.2% |
| Amounts receivable within one year | 40/41 | €1,545 | €500 | -€1,045 | -67.6% |
| Trade receivables | 40 | €1,545 | €500 | -€1,045 | -67.6% |
| Cash at bank and in hand | 54/58 | €3,231 | €63 | -€3,167 | -98.0% |
| Total equity and liabilities | 10/49 | €5,116 | €563 | -€4,553 | -89.0% |
| Equity | 10/15 | €4,998 | -€274 | -€5,272 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,224 | €13,224 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,364 | €11,364 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,364 | €11,364 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,826 | -€32,098 | -€5,272 | -19.7% |
| Amounts payable | 17/49 | €119 | €837 | +€719 | +606% |
| Amounts payable within one year | 42/48 | €119 | €837 | +€719 | +606% |
| Trade debts | 44 | €119 | €416 | +€298 | +251% |
| Suppliers | 440/4 | €119 | €416 | +€298 | +251% |
| Other amounts payable | 47/48 | - | €421 | +€421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,287 | - | -€1,287 | |
| Other operating charges | 640/8 | €498 | €287 | -€211 | -42.3% |
| Gross operating margin | 9900 | €2,217 | -€4,494 | -€6,710 | |
| Operating profit (loss) | 9901 | €432 | -€4,781 | -€5,213 | |
| Financial income | 75/76B | €726 | - | -€726 | |
| Recurring financial income | 75 | €726 | - | -€726 | |
| Financial charges | 65/66B | €137 | €491 | +€354 | +259% |
| Recurring financial charges | 65 | €137 | €151 | +€14 | +10.1% |
| Non-recurring financial charges | 66B | - | €340 | +€340 | |
| Profit (loss) for the period before taxes | 9903 | €1,021 | -€5,272 | -€6,293 | |
| Profit (loss) for the period | 9904 | €1,021 | -€5,272 | -€6,293 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,021 | -€5,272 | -€6,293 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.