Igitur: 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.
Igitur
Largest movements
- Current investments -€35,000
no longer reported in 2025 (was €35,000)
- Cash +€29,695
up €29,695 (+521.8%), from €5,691 to €35,386
mainly Current investments (+€35,000) and Net result for the year (+€26,655)
- Receivables within one year +€19,243
up €19,243 (+64.9%), from €29,641 to €48,884
of which Trade receivables: +€10,000
- Reserves +€26,655
up €26,655 (+51.7%), from €51,562 to €78,218
- Debts after one year -€21,018
down €21,018 (-5.0%), from €419,183 to €398,166
- Tax, wage and social debts +€6,060
up €6,060 (+136.8%), from €4,431 to €10,490
- Gross operating margin -€3,420
down €3,420 (-7.8%), from €43,995 to €40,575
- Taxes -€2,145
down €2,145 (-19.4%), from €11,058 to €8,913
- Financial charges +€1,863
up €1,863 (+69.6%), from €2,677 to €4,540
- Financial income -€1,150
down €1,150 (-71.8%), from €1,600 to €451
- Other operating charges +€917
new in 2025: €917
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 | €520,332 | €534,270 | +€13,938 | +2.7% |
| Fixed assets | 21/28 | €450,000 | €450,000 | = | 0.0% |
| Financial fixed assets | 28 | €450,000 | €450,000 | = | 0.0% |
| Current assets | 29/58 | €70,332 | €84,270 | +€13,938 | +19.8% |
| Amounts receivable within one year | 40/41 | €29,641 | €48,884 | +€19,243 | +64.9% |
| Trade receivables | 40 | €7,000 | €17,000 | +€10,000 | +142.9% |
| Other amounts receivable | 41 | €22,641 | €31,884 | +€9,243 | +40.8% |
| Current investments | 50/53 | €35,000 | - | -€35,000 | |
| Cash at bank and in hand | 54/58 | €5,691 | €35,386 | +€29,695 | +521.8% |
| Total equity and liabilities | 10/49 | €520,332 | €534,270 | +€13,938 | +2.7% |
| Equity | 10/15 | €61,562 | €88,218 | +€26,655 | +43.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €51,562 | €78,218 | +€26,655 | +51.7% |
| Distributable reserves | 133 | €51,562 | €78,218 | +€26,655 | +51.7% |
| Amounts payable | 17/49 | €458,769 | €446,052 | -€12,717 | -2.8% |
| Amounts payable after more than one year | 17 | €419,183 | €398,166 | -€21,018 | -5.0% |
| Financial debts | 170/4 | €419,183 | €398,166 | -€21,018 | -5.0% |
| Amounts payable within one year | 42/48 | €37,204 | €43,528 | +€6,324 | +17.0% |
| Trade debts | 44 | €1,424 | €2,703 | +€1,279 | +89.9% |
| Suppliers | 440/4 | €1,424 | €2,703 | +€1,279 | +89.9% |
| Taxes, remuneration and social security | 45 | €4,431 | €10,490 | +€6,060 | +136.8% |
| Taxes | 450/3 | €4,431 | €10,490 | +€6,060 | +136.8% |
| Other amounts payable | 47/48 | €31,350 | €30,335 | -€1,015 | -3.2% |
| Accrued charges and deferred income | 492/3 | €2,382 | €4,359 | +€1,976 | +83.0% |
| Other operating charges | 640/8 | - | €917 | +€917 | |
| Gross operating margin | 9900 | €43,995 | €40,575 | -€3,420 | -7.8% |
| Operating profit (loss) | 9901 | €43,995 | €39,658 | -€4,337 | -9.9% |
| Financial income | 75/76B | €1,600 | €451 | -€1,150 | -71.8% |
| Recurring financial income | 75 | €1,600 | €451 | -€1,150 | -71.8% |
| Financial charges | 65/66B | €2,677 | €4,540 | +€1,863 | +69.6% |
| Recurring financial charges | 65 | €2,677 | €4,540 | +€1,863 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €42,918 | €35,568 | -€7,350 | -17.1% |
| Income taxes | 67/77 | €11,058 | €8,913 | -€2,145 | -19.4% |
| Profit (loss) for the period | 9904 | €31,860 | €26,655 | -€5,205 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,860 | €26,655 | -€5,205 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.