Igmauto: 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.
What changed
Igmauto
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€9,556
2024 · €257,620-€267,176
Equity
€597,889
2024 · €607,444-€9,556
Cash
€1,289
2024 · €7,705-€6,417
Balance sheet total
€793,012
2024 · €1.3m-€466,791
Largest movements
Assets
- Receivables within one year -€439,062
down €439,062 (-99.7%), from €440,395 to €1,333
of which Trade receivables: -€439,072
- Tangible fixed assets -€16,013
down €16,013 (-2.0%), from €805,168 to €789,155
of which Land and buildings: -€16,013
Equity and liabilities
- Trade debts -€468,282
down €468,282 (-99.5%), from €470,851 to €2,569
Income statement
- Gross operating margin -€350,083
down €350,083 (-93.5%), from €374,491 to €24,408
- Depreciation +€10,816
up €10,816 (+69.8%), from €15,488 to €26,305
- Other operating charges -€3,930
down €3,930 (-50.2%), from €7,833 to €3,903
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
€257,620
Gross operating margin
-€350,083
Depreciation
-€10,816
Other operating charges
+€3,930
Financial income
-€25
Financial charges
-€108
Deferred taxes and other
+€89,926
Result 2025
-€9,556
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
-€13,490
Investment
-€4,425
Financing
+€11,498
Cash 2024
€7,705
From operations (derived)
-€13,490
Net result for the year
-€9,556
Depreciation
+€26,305
Receivables within one year
+€439,062
Smaller working-capital items
-€599
Provisions
-€2,149
Trade debts
-€468,282
Other debts
+€1,730
Investment (derived)
-€4,425
Investment in fixed assets (net)
-€10,292
Current investments
+€5,867
Financing
+€11,498
Debts after one year
-€25
Current portion of long-term debt
+€11,523
Cash 2025
€1,289
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,259,802 | €793,012 | -€466,791 | -37.1% |
| Fixed assets | 21/28 | €805,168 | €789,155 | -€16,013 | -2.0% |
| Tangible fixed assets | 22/27 | €805,168 | €789,155 | -€16,013 | -2.0% |
| Land and buildings | 22 | €805,168 | €789,155 | -€16,013 | -2.0% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €454,635 | €3,857 | -€450,778 | -99.2% |
| Amounts receivable within one year | 40/41 | €440,395 | €1,333 | -€439,062 | -99.7% |
| Trade receivables | 40 | €440,336 | €1,264 | -€439,072 | -99.7% |
| Other amounts receivable | 41 | €59 | €69 | +€11 | +18.0% |
| Current investments | 50/53 | €5,939 | €72 | -€5,867 | -98.8% |
| Cash at bank and in hand | 54/58 | €7,705 | €1,289 | -€6,417 | -83.3% |
| Deferred charges and accrued income | 490/1 | €595 | €1,162 | +€567 | +95.2% |
| Total equity and liabilities | 10/49 | €1,259,802 | €793,012 | -€466,791 | -37.1% |
| Equity | 10/15 | €607,444 | €597,889 | -€9,556 | -1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €271,405 | €264,958 | -€6,447 | -2.4% |
| Tax-exempt reserves | 132 | €263,330 | €256,882 | -€6,447 | -2.4% |
| Distributable reserves | 133 | €8,076 | €8,076 | = | 0.0% |
| Profit (loss) carried forward | 14 | €317,439 | €314,331 | -€3,108 | -1.0% |
| Provisions and deferred taxes | 16 | €87,777 | €85,627 | -€2,149 | -2.4% |
| Deferred taxes | 168 | €87,777 | €85,627 | -€2,149 | -2.4% |
| Amounts payable | 17/49 | €564,581 | €109,495 | -€455,086 | -80.6% |
| Amounts payable after more than one year | 17 | €4,313 | €4,288 | -€25 | -0.6% |
| Financial debts | 170/4 | €4,313 | €4,288 | -€25 | -0.6% |
| Amounts payable within one year | 42/48 | €551,634 | €96,605 | -€455,029 | -82.5% |
| Current portion of amounts payable after more than one year | 42 | €5,361 | €16,884 | +€11,523 | +214.9% |
| Trade debts | 44 | €470,851 | €2,569 | -€468,282 | -99.5% |
| Suppliers | 440/4 | €470,851 | €2,569 | -€468,282 | -99.5% |
| Other amounts payable | 47/48 | €75,422 | €77,152 | +€1,730 | +2.3% |
| Accrued charges and deferred income | 492/3 | €8,634 | €8,602 | -€32 | -0.4% |
| Non-recurring operating income | 76A | €351,787 | - | -€351,787 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,488 | €26,305 | +€10,816 | +69.8% |
| Other operating charges | 640/8 | €7,833 | €3,903 | -€3,930 | -50.2% |
| Gross operating margin | 9900 | €374,491 | €24,408 | -€350,083 | -93.5% |
| Operating profit (loss) | 9901 | €351,170 | -€5,799 | -€356,969 | |
| Financial income | 75/76B | €128 | €103 | -€25 | -19.3% |
| Recurring financial income | 75 | €128 | €103 | -€25 | -19.3% |
| Financial charges | 65/66B | €5,901 | €6,009 | +€108 | +1.8% |
| Recurring financial charges | 65 | €5,901 | €6,009 | +€108 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €345,397 | -€11,705 | -€357,101 | |
| Transfer from deferred taxes | 780 | €170 | €2,149 | +€1,979 | +1162.0% |
| Transfer to deferred taxes | 680 | €87,947 | - | -€87,947 | |
| Income taxes | 67/77 | €0 | €0 | = | |
| Profit (loss) for the period | 9904 | €257,620 | -€9,556 | -€267,176 | |
| Transfer from tax-exempt reserves | 789 | €511 | €6,447 | +€5,936 | +1162.1% |
| Transfer to tax-exempt reserves | 689 | €263,840 | - | -€263,840 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,709 | -€3,108 | +€2,601 | +45.6% |
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 2 October 2026 via checked.be.