IGETIS MANAGEMENT: 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.
IGETIS MANAGEMENT
Largest movements
- Receivables within one year +€170,903
up €170,903 (+133%), from €128,975 to €299,878
of which Other amounts receivable: +€167,538
- Cash -€101,769
down €101,769 (-60.2%), from €169,042 to €67,273
mainly Receivables within one year (-€170,903) and Tax, wage and social debts (-€37,369)
- Profit (loss) carried forward +€118,421
up €118,421 (+48.2%), from €245,761 to €364,183
- Tax, wage and social debts -€37,369
down €37,369 (-48.1%), from €77,732 to €40,364
- Debts after one year -€12,738
down €12,738 (-5.4%), from €234,887 to €222,149
- Financial charges +€43,039
up €43,039 (+599%), from €7,185 to €50,224
- Depreciation -€35,545
down €35,545 (-77.9%), from €45,603 to €10,058
- Gross operating margin -€21,456
down €21,456 (-9.6%), from €224,359 to €202,903
- Taxes -€5,889
down €5,889 (-14.8%), from €39,913 to €34,024
- Financial income +€5,514
up €5,514 (+114%), from €4,822 to €10,336
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 | €570,786 | €644,691 | +€73,905 | +12.9% |
| Fixed assets | 21/28 | €267,560 | €271,742 | +€4,183 | +1.6% |
| Tangible fixed assets | 22/27 | €267,560 | €271,742 | +€4,183 | +1.6% |
| Land and buildings | 22 | €265,775 | €267,950 | +€2,175 | +0.8% |
| Furniture and vehicles | 24 | €1,785 | €1,600 | -€185 | -10.4% |
| Other tangible fixed assets | 26 | - | €2,192 | +€2,192 | |
| Current assets | 29/58 | €303,226 | €372,949 | +€69,723 | +23.0% |
| Amounts receivable within one year | 40/41 | €128,975 | €299,878 | +€170,903 | +133% |
| Trade receivables | 40 | €20,896 | €24,262 | +€3,366 | +16.1% |
| Other amounts receivable | 41 | €108,078 | €275,616 | +€167,538 | +155% |
| Cash at bank and in hand | 54/58 | €169,042 | €67,273 | -€101,769 | -60.2% |
| Deferred charges and accrued income | 490/1 | €5,210 | €5,799 | +€588 | +11.3% |
| Total equity and liabilities | 10/49 | €570,786 | €644,691 | +€73,905 | +12.9% |
| Equity | 10/15 | €248,761 | €367,183 | +€118,421 | +47.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,761 | €364,183 | +€118,421 | +48.2% |
| Amounts payable | 17/49 | €322,025 | €277,509 | -€44,516 | -13.8% |
| Amounts payable after more than one year | 17 | €234,887 | €222,149 | -€12,738 | -5.4% |
| Financial debts | 170/4 | €234,887 | €222,149 | -€12,738 | -5.4% |
| Amounts payable within one year | 42/48 | €87,138 | €55,360 | -€31,778 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €9,248 | €12,738 | +€3,490 | +37.7% |
| Trade debts | 44 | €157 | €2,258 | +€2,101 | +1,334% |
| Suppliers | 440/4 | €157 | €2,258 | +€2,101 | +1,334% |
| Taxes, remuneration and social security | 45 | €77,732 | €40,364 | -€37,369 | -48.1% |
| Taxes | 450/3 | €77,732 | €40,364 | -€37,369 | -48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,603 | €10,058 | -€35,545 | -77.9% |
| Other operating charges | 640/8 | €110 | €511 | +€402 | +366% |
| Gross operating margin | 9900 | €224,359 | €202,903 | -€21,456 | -9.6% |
| Operating profit (loss) | 9901 | €178,646 | €192,334 | +€13,688 | +7.7% |
| Financial income | 75/76B | €4,822 | €10,336 | +€5,514 | +114% |
| Recurring financial income | 75 | €4,822 | €10,336 | +€5,514 | +114% |
| Financial charges | 65/66B | €7,185 | €50,224 | +€43,039 | +599% |
| Recurring financial charges | 65 | €7,185 | €50,224 | +€43,039 | +599% |
| Profit (loss) for the period before taxes | 9903 | €176,283 | €152,446 | -€23,837 | -13.5% |
| Income taxes | 67/77 | €39,913 | €34,024 | -€5,889 | -14.8% |
| Profit (loss) for the period | 9904 | €136,370 | €118,421 | -€17,949 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €136,370 | €118,421 | -€17,949 | -13.2% |
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 17 October 2026 via checked.be.