IGIENAIR: 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.
IGIENAIR
Largest movements
- Receivables within one year +€524,597
up €524,597 (+44.4%), from €1.2m to €1.7m
of which Other amounts receivable: +€492,083
- Cash -€104,561
down €104,561 (-49.1%), from €213,169 to €108,609
mainly Receivables within one year (-€524,597) and Trade debts (-€87,572)
- Deferred charges and accrued income -€35,464
down €35,464 (-49.2%), from €72,008 to €36,544
- Stocks and contracts -€25,077
down €25,077 (-35.3%), from €70,998 to €45,921
- Profit (loss) carried forward +€306,099
new in 2025: €306,099
- Trade debts -€87,572
down €87,572 (-32.4%), from €270,337 to €182,765
- Short-term financial debts +€62,693
new in 2025: €62,693
- Current portion of long-term debt +€60,658
up €60,658 (+263%), from €23,055 to €83,713
- Tax, wage and social debts +€44,472
up €44,472 (+17.0%), from €261,281 to €305,753
of which Remuneration and social security: +€71,160
- Gross operating margin +€294,310
up €294,310 (+20.0%), from €1.5m to €1.8m
- Staff costs +€200,692
up €200,692 (+19.0%), from €1.1m to €1.3m
- Taxes +€26,912
up €26,912 (+26.8%), from €100,387 to €127,300
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 | €1,707,766 | €2,062,445 | +€354,679 | +20.8% |
| Fixed assets | 21/28 | €169,278 | €164,461 | -€4,818 | -2.8% |
| Tangible fixed assets | 22/27 | €168,658 | €163,841 | -€4,818 | -2.9% |
| Plant, machinery and equipment | 23 | €78,077 | €62,212 | -€15,866 | -20.3% |
| Furniture and vehicles | 24 | €75,733 | €94,285 | +€18,552 | +24.5% |
| Leasing and similar rights | 25 | €5,851 | €0 | -€5,851 | -100% |
| Other tangible fixed assets | 26 | €8,997 | €7,344 | -€1,653 | -18.4% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €1,538,488 | €1,897,984 | +€359,496 | +23.4% |
| Stocks and contracts in progress | 3 | €70,998 | €45,921 | -€25,077 | -35.3% |
| Stocks | 30/36 | €70,998 | €45,921 | -€25,077 | -35.3% |
| Amounts receivable within one year | 40/41 | €1,182,312 | €1,706,910 | +€524,597 | +44.4% |
| Trade receivables | 40 | €516,581 | €549,095 | +€32,515 | +6.3% |
| Other amounts receivable | 41 | €665,731 | €1,157,814 | +€492,083 | +73.9% |
| Cash at bank and in hand | 54/58 | €213,169 | €108,609 | -€104,561 | -49.1% |
| Deferred charges and accrued income | 490/1 | €72,008 | €36,544 | -€35,464 | -49.2% |
| Total equity and liabilities | 10/49 | €1,707,766 | €2,062,445 | +€354,679 | +20.8% |
| Equity | 10/15 | €1,078,713 | €1,384,812 | +€306,099 | +28.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,058,713 | €1,058,713 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €1,056,713 | €1,056,713 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €306,099 | +€306,099 | |
| Amounts payable | 17/49 | €629,053 | €677,633 | +€48,580 | +7.7% |
| Amounts payable after more than one year | 17 | €33,037 | €42,709 | +€9,672 | +29.3% |
| Financial debts | 170/4 | €33,037 | €42,709 | +€9,672 | +29.3% |
| Amounts payable within one year | 42/48 | €559,339 | €634,924 | +€75,585 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €23,055 | €83,713 | +€60,658 | +263% |
| Financial debts | 43 | - | €62,693 | +€62,693 | |
| Credit institutions | 430/8 | - | €62,693 | +€62,693 | |
| Trade debts | 44 | €270,337 | €182,765 | -€87,572 | -32.4% |
| Suppliers | 440/4 | €270,337 | €182,765 | -€87,572 | -32.4% |
| Taxes, remuneration and social security | 45 | €261,281 | €305,753 | +€44,472 | +17.0% |
| Taxes | 450/3 | €177,066 | €150,378 | -€26,689 | -15.1% |
| Remuneration and social security | 454/9 | €84,215 | €155,375 | +€71,160 | +84.5% |
| Other amounts payable | 47/48 | €4,666 | €0 | -€4,666 | -100% |
| Accrued charges and deferred income | 492/3 | €36,677 | - | -€36,677 | |
| Non-recurring operating income | 76A | €50 | €57,959 | +€57,909 | +115,818% |
| Remuneration, social security and pensions | 62 | €1,056,140 | €1,256,831 | +€200,692 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,783 | €83,333 | +€4,551 | +5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,533 | €0 | -€1,533 | -100% |
| Other operating charges | 640/8 | €3,016 | €14,876 | +€11,860 | +393% |
| Gross operating margin | 9900 | €1,471,185 | €1,765,494 | +€294,310 | +20.0% |
| Operating profit (loss) | 9901 | €331,713 | €410,453 | +€78,741 | +23.7% |
| Financial income | 75/76B | €23,273 | €27,317 | +€4,044 | +17.4% |
| Recurring financial income | 75 | €23,273 | €27,317 | +€4,044 | +17.4% |
| Financial charges | 65/66B | €12,965 | €4,371 | -€8,594 | -66.3% |
| Recurring financial charges | 65 | €12,965 | €4,371 | -€8,594 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €342,020 | €433,399 | +€91,379 | +26.7% |
| Income taxes | 67/77 | €100,387 | €127,300 | +€26,912 | +26.8% |
| Profit (loss) for the period | 9904 | €241,633 | €306,099 | +€64,466 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €241,633 | €306,099 | +€64,466 | +26.7% |
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 24 October 2026 via checked.be.