IGIER: 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.
IGIER
Largest movements
- Cash +€6,177
up €6,177 (+21.9%), from €28,236 to €34,413
mainly Net result for the year (+€7,814) and Receivables within one year (+€2,806)
- Receivables within one year -€2,806
down €2,806 (-34.8%), from €8,054 to €5,248
of which Trade receivables: -€5,056
- Profit (loss) carried forward +€7,814
up €7,814 (+60.3%), from €12,949 to €20,763
- Trade debts -€3,353
down €3,353 (-79.3%), from €4,229 to €877
- Tax, wage and social debts -€1,774
down €1,774 (-37.6%), from €4,712 to €2,938
- Advances received +€587
new in 2025: €587
- Gross operating margin -€1,461
down €1,461 (-11.2%), from €12,988 to €11,527
- Taxes -€268
down €268 (-8.4%), from €3,207 to €2,938
- Other operating charges -€259
down €259 (-36.4%), from €712 to €453
- Financial income +€196
new in 2025: €196
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 | €36,891 | €40,165 | +€3,274 | +8.9% |
| Fixed assets | 21/28 | €601 | €504 | -€97 | -16.1% |
| Tangible fixed assets | 22/27 | €601 | €504 | -€97 | -16.1% |
| Plant, machinery and equipment | 23 | €136 | €264 | +€128 | +94.6% |
| Furniture and vehicles | 24 | €465 | €240 | -€225 | -48.4% |
| Current assets | 29/58 | €36,290 | €39,661 | +€3,371 | +9.3% |
| Amounts receivable within one year | 40/41 | €8,054 | €5,248 | -€2,806 | -34.8% |
| Trade receivables | 40 | €6,683 | €1,627 | -€5,056 | -75.7% |
| Other amounts receivable | 41 | €1,371 | €3,621 | +€2,250 | +164.1% |
| Cash at bank and in hand | 54/58 | €28,236 | €34,413 | +€6,177 | +21.9% |
| Total equity and liabilities | 10/49 | €36,891 | €40,165 | +€3,274 | +8.9% |
| Equity | 10/15 | €27,949 | €35,763 | +€7,814 | +28.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,949 | €20,763 | +€7,814 | +60.3% |
| Amounts payable | 17/49 | €8,942 | €4,402 | -€4,540 | -50.8% |
| Amounts payable within one year | 42/48 | €8,942 | €4,402 | -€4,540 | -50.8% |
| Trade debts | 44 | €4,229 | €877 | -€3,353 | -79.3% |
| Suppliers | 440/4 | €4,229 | €877 | -€3,353 | -79.3% |
| Advances received on contracts in progress | 46 | - | €587 | +€587 | |
| Taxes, remuneration and social security | 45 | €4,712 | €2,938 | -€1,774 | -37.6% |
| Taxes | 450/3 | €4,712 | €2,938 | -€1,774 | -37.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €465 | €442 | -€23 | -5.0% |
| Other operating charges | 640/8 | €712 | €453 | -€259 | -36.4% |
| Gross operating margin | 9900 | €12,988 | €11,527 | -€1,461 | -11.2% |
| Operating profit (loss) | 9901 | €11,811 | €10,633 | -€1,179 | -10.0% |
| Financial income | 75/76B | - | €196 | +€196 | |
| Recurring financial income | 75 | - | €196 | +€196 | |
| Financial charges | 65/66B | €72 | €77 | +€5 | +6.3% |
| Recurring financial charges | 65 | €72 | €77 | +€5 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €11,739 | €10,752 | -€987 | -8.4% |
| Income taxes | 67/77 | €3,207 | €2,938 | -€268 | -8.4% |
| Profit (loss) for the period | 9904 | €8,533 | €7,814 | -€719 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €8,533 | €7,814 | -€719 | -8.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.