IGH IMMO: 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.
IGH IMMO
Largest movements
- Deferred charges and accrued income +€192,587
up €192,587 (+7,982%), from €2,413 to €195,000
- Cash -€47,223
down €47,223 (-54.1%), from €87,219 to €39,995
mainly Contributions, distributions and other (-€230,000) and Deferred charges and accrued income (-€192,587)
- Tangible fixed assets -€39,726
down €39,726 (-10.2%), from €391,005 to €351,278
- Receivables within one year -€25,867
down €25,867 (-14.8%), from €174,226 to €148,359
of which Other amounts receivable: -€22,599
- Other debts +€131,800
up €131,800 (+52.7%), from €250,020 to €381,820
- Debts after one year -€43,333
down €43,333 (-18.5%), from €233,610 to €190,277
- Tax, wage and social debts -€16,956
down €16,956 (-53.3%), from €31,791 to €14,835
- Trade debts +€10,500
up €10,500 (+38.9%), from €27,000 to €37,500
- Financial income +€194,829
up €194,829 (+57,645%), from €338 to €195,167
- Gross operating margin -€78,330
down €78,330 (-40.5%), from €193,230 to €114,900
- Depreciation -€19,381
down €19,381 (-32.8%), from €59,107 to €39,726
- Taxes -€19,087
down €19,087 (-60.0%), from €31,791 to €12,704
- Other operating charges -€8,188
down €8,188 (-40.0%), from €20,483 to €12,295
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 | €969,787 | €1,049,557 | +€79,770 | +8.2% |
| Fixed assets | 21/28 | €705,930 | €666,203 | -€39,726 | -5.6% |
| Tangible fixed assets | 22/27 | €391,005 | €351,278 | -€39,726 | -10.2% |
| Land and buildings | 22 | €391,005 | €351,278 | -€39,726 | -10.2% |
| Financial fixed assets | 28 | €314,925 | €314,925 | = | 0.0% |
| Current assets | 29/58 | €263,858 | €383,354 | +€119,497 | +45.3% |
| Amounts receivable within one year | 40/41 | €174,226 | €148,359 | -€25,867 | -14.8% |
| Trade receivables | 40 | €6,484 | €3,216 | -€3,268 | -50.4% |
| Other amounts receivable | 41 | €167,742 | €145,143 | -€22,599 | -13.5% |
| Cash at bank and in hand | 54/58 | €87,219 | €39,995 | -€47,223 | -54.1% |
| Deferred charges and accrued income | 490/1 | €2,413 | €195,000 | +€192,587 | +7,982% |
| Total equity and liabilities | 10/49 | €969,787 | €1,049,557 | +€79,770 | +8.2% |
| Equity | 10/15 | €373,909 | €381,792 | +€7,884 | +2.1% |
| Contributions | 10/11 | €22,000 | €20,000 | -€2,000 | -9.1% |
| Reserves | 13 | €351,603 | €353,603 | +€2,000 | +0.6% |
| Tax-exempt reserves | 132 | €32,750 | €32,750 | = | 0.0% |
| Distributable reserves | 133 | €318,853 | €320,853 | +€2,000 | +0.6% |
| Profit (loss) carried forward | 14 | €306 | €8,189 | +€7,884 | +2,579% |
| Amounts payable | 17/49 | €595,879 | €667,765 | +€71,886 | +12.1% |
| Amounts payable after more than one year | 17 | €233,610 | €190,277 | -€43,333 | -18.5% |
| Financial debts | 170/4 | €233,610 | €190,277 | -€43,333 | -18.5% |
| Amounts payable within one year | 42/48 | €352,145 | €477,488 | +€125,344 | +35.6% |
| Current portion of amounts payable after more than one year | 42 | €43,333 | €43,333 | = | 0.0% |
| Trade debts | 44 | €27,000 | €37,500 | +€10,500 | +38.9% |
| Suppliers | 440/4 | €27,000 | €37,500 | +€10,500 | +38.9% |
| Taxes, remuneration and social security | 45 | €31,791 | €14,835 | -€16,956 | -53.3% |
| Taxes | 450/3 | €31,791 | €14,835 | -€16,956 | -53.3% |
| Other amounts payable | 47/48 | €250,020 | €381,820 | +€131,800 | +52.7% |
| Accrued charges and deferred income | 492/3 | €10,124 | - | -€10,124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,107 | €39,726 | -€19,381 | -32.8% |
| Other operating charges | 640/8 | €20,483 | €12,295 | -€8,188 | -40.0% |
| Gross operating margin | 9900 | €193,230 | €114,900 | -€78,330 | -40.5% |
| Operating profit (loss) | 9901 | €113,639 | €62,878 | -€50,761 | -44.7% |
| Financial income | 75/76B | €338 | €195,167 | +€194,829 | +57,645% |
| Recurring financial income | 75 | €338 | €195,167 | +€194,829 | +57,645% |
| Financial charges | 65/66B | €5,130 | €7,457 | +€2,327 | +45.4% |
| Recurring financial charges | 65 | €5,130 | €7,457 | +€2,327 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | €108,847 | €250,588 | +€141,741 | +130% |
| Income taxes | 67/77 | €31,791 | €12,704 | -€19,087 | -60.0% |
| Profit (loss) for the period | 9904 | €77,056 | €237,884 | +€160,828 | +209% |
| Profit (loss) for the period to be appropriated | 9905 | €77,056 | €237,884 | +€160,828 | +209% |
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 18 October 2026 via checked.be.