IGM Rénovation: 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.
IGM Rénovation
Largest movements
- Cash +€6,788
up €6,788 (+382%), from €1,776 to €8,565
mainly Net result for the year (+€65,231) and Stocks and contracts (+€1,680)
- Receivables within one year +€3,990
up €3,990 (+24.1%), from €16,540 to €20,530
of which Other amounts receivable: +€18,884
- Stocks and contracts -€1,680
no longer reported in 2025 (was €1,680)
- Tangible fixed assets +€654
up €654 (+83.1%), from €787 to €1,441
of which Furniture and vehicles: +€965
- Financial fixed assets +€425
up €425 (+708%), from €60 to €485
- Profit (loss) carried forward +€65,231
up €65,231, from -€56,624 to €8,607
- Tax, wage and social debts -€38,059
down €38,059 (-92.2%), from €41,273 to €3,214
of which Remuneration and social security: -€35,839
- Other debts -€13,240
no longer reported in 2025 (was €13,240)
- Trade debts -€3,755
down €3,755 (-34.0%), from €11,055 to €7,300
- Gross operating margin -€22,318
down €22,318 (-26.0%), from €85,742 to €63,424
- Staff costs -€8,402
down €8,402, from €1,233 to -€7,170
- Taxes +€3,213
new in 2025: €3,213
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 | €20,844 | €31,021 | +€10,177 | +48.8% |
| Fixed assets | 21/28 | €847 | €1,926 | +€1,079 | +127% |
| Tangible fixed assets | 22/27 | €787 | €1,441 | +€654 | +83.1% |
| Plant, machinery and equipment | 23 | €396 | €85 | -€311 | -78.6% |
| Furniture and vehicles | 24 | €391 | €1,357 | +€965 | +247% |
| Financial fixed assets | 28 | €60 | €485 | +€425 | +708% |
| Current assets | 29/58 | €19,997 | €29,095 | +€9,098 | +45.5% |
| Stocks and contracts in progress | 3 | €1,680 | - | -€1,680 | |
| Stocks | 30/36 | €1,680 | - | -€1,680 | |
| Amounts receivable within one year | 40/41 | €16,540 | €20,530 | +€3,990 | +24.1% |
| Trade receivables | 40 | €15,394 | €500 | -€14,894 | -96.8% |
| Other amounts receivable | 41 | €1,146 | €20,030 | +€18,884 | +1,648% |
| Cash at bank and in hand | 54/58 | €1,776 | €8,565 | +€6,788 | +382% |
| Total equity and liabilities | 10/49 | €20,844 | €31,021 | +€10,177 | +48.8% |
| Equity | 10/15 | -€44,724 | €20,507 | +€65,231 | |
| Contributions | 10/11 | €11,500 | €11,500 | = | 0.0% |
| Reserves | 13 | €400 | €400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €400 | €400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €400 | €400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,624 | €8,607 | +€65,231 | |
| Amounts payable | 17/49 | €65,568 | €10,514 | -€55,054 | -84.0% |
| Amounts payable within one year | 42/48 | €65,568 | €10,514 | -€55,054 | -84.0% |
| Trade debts | 44 | €11,055 | €7,300 | -€3,755 | -34.0% |
| Suppliers | 440/4 | €11,055 | €7,300 | -€3,755 | -34.0% |
| Taxes, remuneration and social security | 45 | €41,273 | €3,214 | -€38,059 | -92.2% |
| Taxes | 450/3 | €5,433 | €3,213 | -€2,220 | -40.9% |
| Remuneration and social security | 454/9 | €35,839 | €1 | -€35,839 | -100.0% |
| Other amounts payable | 47/48 | €13,240 | - | -€13,240 | |
| Non-recurring operating income | 76A | €2,562 | €312 | -€2,250 | -87.8% |
| Remuneration, social security and pensions | 62 | €1,233 | -€7,170 | -€8,402 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €598 | €666 | +€68 | +11.4% |
| Other operating charges | 640/8 | €572 | €276 | -€295 | -51.7% |
| Non-recurring operating charges | 66A | €7,006 | €7 | -€7,000 | -99.9% |
| Gross operating margin | 9900 | €85,742 | €63,424 | -€22,318 | -26.0% |
| Operating profit (loss) | 9901 | €76,334 | €69,645 | -€6,689 | -8.8% |
| Financial charges | 65/66B | €849 | €1,200 | +€352 | +41.5% |
| Recurring financial charges | 65 | €849 | €1,200 | +€352 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | €75,485 | €68,444 | -€7,041 | -9.3% |
| Income taxes | 67/77 | - | €3,213 | +€3,213 | |
| Profit (loss) for the period | 9904 | €75,485 | €65,231 | -€10,254 | -13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,485 | €65,231 | -€10,254 | -13.6% |
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 13 October 2026 via checked.be.