IGL: 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.
What changed
IGL
NACE 87.202, Residential care activities
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.3m
2024 · €1.6m+€701,980
Equity
€33.3m
2024 · €30.8m+€2.5m
Cash
€5.9m
2024 · €5.5m+€431,806
Balance sheet total
€65.3m
2024 · €63.8m+€1.5m
Largest movements
Assets
- Current investments +€1.9m
up €1.9m (+25.5%), from €7.6m to €9.5m
- Tangible fixed assets -€1.2m
down €1.2m (-2.5%), from €47.5m to €46.3m
of which Assets under construction and advance payments: -€15.4m
Equity and liabilities
- Reserves +€2.1m
up €2.1m (+10.3%), from €20.6m to €22.7m
of which Distributable reserves: +€2.1m
- Debts after one year -€1.6m
down €1.6m (-7.2%), from €21.6m to €20.0m
Income statement
- Turnover +€2.3m
up €2.3m (+5.1%), from €45.8m to €48.2m
- Provisions +€860,190
up €860,190 (+72.5%), from -€1.2m to -€326,369
- Staff costs +€537,672
up €537,672 (+1.3%), from €40.0m to €40.5m
- Depreciation +€487,822
up €487,822 (+24.6%), from €2.0m to €2.5m
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.
Result 2024
€1.6m
Turnover
+€2.3m
Other operating income
+€7,862
Services and other goods
+€174,111
Staff costs
-€537,672
Depreciation
-€487,822
Provisions
-€860,190
Other operating charges
+€170,792
Other operating items
-€246,111
Financial income
+€83,735
Financial charges
+€40,526
Taxes
+€27,082
Result 2025
€2.3m
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.
From operations
+€5.0m
Investment
-€3.2m
Financing
-€1.3m
Cash 2024
€5.5m
From operations (derived)
+€5.0m
Net result for the year
+€2.3m
Depreciation
+€2.5m
Receivables after one year
+€89,438
Receivables within one year
-€554,907
Deferred charges and accrued income
+€205,447
Provisions
-€326,369
Trade debts
+€424,014
Tax, wage and social debts
+€532,128
Advances received
+€39,300
Other debts
-€10,464
Accrued charges and deferred income
-€162,189
Investment (derived)
-€3.2m
Investment in fixed assets (net)
-€1.3m
Current investments
-€1.9m
Financing
-€1.3m
Debts after one year
-€1.6m
Current portion of long-term debt
-€10,475
Contributions, distributions and other
+€228,460
Cash 2025
€5.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,846,592 | €65,298,610 | +€1.5m | +2.3% |
| Fixed assets | 21/28 | €47,699,635 | €46,529,826 | -€1.2m | -2.5% |
| Intangible fixed assets | 21 | €45,966 | €71,452 | +€25,486 | +55.4% |
| Tangible fixed assets | 22/27 | €47,472,883 | €46,277,588 | -€1.2m | -2.5% |
| Land and buildings | 22 | €29,109,074 | €43,279,559 | +€14.2m | +48.7% |
| Plant, machinery and equipment | 23 | €1,946,704 | €1,922,155 | -€24,549 | -1.3% |
| Furniture and vehicles | 24 | €781,712 | €867,109 | +€85,397 | +10.9% |
| Leasing and similar rights | 25 | €149,976 | €149,976 | = | 0.0% |
| Other tangible fixed assets | 26 | €8,800 | €7,700 | -€1,100 | -12.5% |
| Assets under construction and advance payments | 27 | €15,476,618 | €51,090 | -€15.4m | -99.7% |
| Financial fixed assets | 28 | €180,786 | €180,786 | = | 0.0% |
| Other financial fixed assets | 284/8 | €180,786 | €180,786 | = | 0.0% |
| Shares | 284 | €180,786 | €180,786 | = | 0.0% |
| Current assets | 29/58 | €16,146,957 | €18,768,784 | +€2.6m | +16.2% |
| Amounts receivable after more than one year | 29 | €427,677 | €338,239 | -€89,438 | -20.9% |
| Other amounts receivable | 291 | €427,677 | €338,239 | -€89,438 | -20.9% |
| Amounts receivable within one year | 40/41 | €1,092,145 | €1,647,053 | +€554,907 | +50.8% |
| Trade receivables | 40 | €655,078 | €753,734 | +€98,656 | +15.1% |
| Other amounts receivable | 41 | €437,068 | €893,319 | +€456,251 | +104.4% |
| Current investments | 50/53 | €7,570,000 | €9,500,000 | +€1.9m | +25.5% |
| Other investments | 51/53 | €7,570,000 | €9,500,000 | +€1.9m | +25.5% |
| Cash at bank and in hand | 54/58 | €5,462,448 | €5,894,254 | +€431,806 | +7.9% |
| Deferred charges and accrued income | 490/1 | €1,594,686 | €1,389,238 | -€205,447 | -12.9% |
| Total equity and liabilities | 10/49 | €63,846,592 | €65,298,610 | +€1.5m | +2.3% |
| Equity | 10/15 | €30,762,045 | €33,288,549 | +€2.5m | +8.2% |
| Contributions | 10/11 | €1,213,031 | €1,238,031 | +€25,000 | +2.1% |
| Revaluation surpluses | 12 | €568,366 | €568,366 | = | 0.0% |
| Reserves | 13 | €20,632,396 | €22,748,587 | +€2.1m | +10.3% |
| Non-distributable reserves | 130/1 | €1,187,742 | €1,187,742 | = | 0.0% |
| Reserves not available under the articles | 1311 | €111,546 | €111,546 | = | 0.0% |
| Other | 1319 | €1,076,197 | €1,076,197 | = | 0.0% |
| Distributable reserves | 133 | €19,444,654 | €21,560,845 | +€2.1m | +10.9% |
| Profit (loss) carried forward | 14 | €334,186 | €516,039 | +€181,853 | +54.4% |
| Investment grants | 15 | €8,014,066 | €8,217,525 | +€203,460 | +2.5% |
| Provisions and deferred taxes | 16 | €570,044 | €243,675 | -€326,369 | -57.3% |
| Provisions for liabilities and charges | 160/5 | €570,044 | €243,675 | -€326,369 | -57.3% |
| Major repairs and maintenance | 162 | €216,987 | €187,330 | -€29,657 | -13.7% |
| Other liabilities and charges | 164/5 | €353,057 | €56,344 | -€296,712 | -84.0% |
| Amounts payable | 17/49 | €32,514,503 | €31,766,387 | -€748,117 | -2.3% |
| Amounts payable after more than one year | 17 | €21,600,012 | €20,039,581 | -€1.6m | -7.2% |
| Financial debts | 170/4 | €21,600,012 | €20,039,581 | -€1.6m | -7.2% |
| Credit institutions | 173 | €21,600,012 | €20,039,581 | -€1.6m | -7.2% |
| Amounts payable within one year | 42/48 | €10,239,646 | €11,214,151 | +€974,504 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €2,032,044 | €2,021,569 | -€10,475 | -0.5% |
| Trade debts | 44 | €861,098 | €1,285,113 | +€424,014 | +49.2% |
| Suppliers | 440/4 | €861,098 | €1,285,113 | +€424,014 | +49.2% |
| Advances received on contracts in progress | 46 | €772,622 | €811,922 | +€39,300 | +5.1% |
| Taxes, remuneration and social security | 45 | €6,546,440 | €7,078,568 | +€532,128 | +8.1% |
| Taxes | 450/3 | €920,562 | €921,470 | +€909 | +0.1% |
| Remuneration and social security | 454/9 | €5,625,878 | €6,157,098 | +€531,220 | +9.4% |
| Other amounts payable | 47/48 | €27,443 | €16,979 | -€10,464 | -38.1% |
| Accrued charges and deferred income | 492/3 | €674,845 | €512,655 | -€162,189 | -24.0% |
| Operating income | 70/76A | €48,331,215 | €50,665,522 | +€2.3m | +4.8% |
| Turnover | 70 | €45,827,192 | €48,156,858 | +€2.3m | +5.1% |
| Other operating income | 74 | €2,492,628 | €2,500,490 | +€7,862 | +0.3% |
| Non-recurring operating income | 76A | €11,395 | €8,174 | -€3,221 | -28.3% |
| Operating charges | 60/66A | €46,608,626 | €48,392,296 | +€1.8m | +3.8% |
| Services and other goods | 61 | €5,540,729 | €5,366,617 | -€174,111 | -3.1% |
| Remuneration, social security and pensions | 62 | €39,970,571 | €40,508,243 | +€537,672 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,984,080 | €2,471,902 | +€487,822 | +24.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€1,186,559 | -€326,369 | +€860,190 | +72.5% |
| Other operating charges | 640/8 | €259,323 | €88,531 | -€170,792 | -65.9% |
| Non-recurring operating charges | 66A | €40,482 | €283,372 | +€242,890 | +600.0% |
| Operating profit (loss) | 9901 | €1,722,590 | €2,273,226 | +€550,637 | +32.0% |
| Financial income | 75/76B | €663,582 | €747,317 | +€83,735 | +12.6% |
| Recurring financial income | 75 | €663,582 | €747,317 | +€83,735 | +12.6% |
| Income from current assets | 751 | €301,150 | €210,345 | -€90,806 | -30.2% |
| Other financial income | 752/9 | €362,432 | €536,973 | +€174,541 | +48.2% |
| Financial charges | 65/66B | €697,962 | €657,435 | -€40,526 | -5.8% |
| Recurring financial charges | 65 | €697,962 | €657,435 | -€40,526 | -5.8% |
| Debt charges | 650 | €697,962 | €657,435 | -€40,526 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €1,688,210 | €2,363,108 | +€674,898 | +40.0% |
| Income taxes | 67/77 | €92,147 | €65,065 | -€27,082 | -29.4% |
| Taxes | 670/3 | €92,147 | €65,065 | -€27,082 | -29.4% |
| Profit (loss) for the period | 9904 | €1,596,063 | €2,298,043 | +€701,980 | +44.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,596,063 | €2,298,043 | +€701,980 | +44.0% |
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 11 October 2026 via checked.be.