IGO: 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
IGO
NACE 88.999, Other social work without accommodation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€109,657
2024 · €56,393+€53,264
Equity
€2.1m
2024 · €2.0m+€109,657
Cash
€3.5m
2024 · €3.5m+€18,170
Balance sheet total
€8.5m
2024 · €8.0m+€407,217
Largest movements
Assets
- Receivables within one year +€315,512
up €315,512 (+13.7%), from €2.3m to €2.6m
of which Trade receivables: +€571,835
- Tangible fixed assets +€89,167
up €89,167 (+4.2%), from €2.1m to €2.2m
of which Furniture and vehicles: +€135,750
Equity and liabilities
- Trade debts -€987,404
down €987,404 (-36.9%), from €2.7m to €1.7m
- Other debts +€668,195
up €668,195 (+882.2%), from €75,738 to €743,933
- Accrued charges and deferred income +€644,924
up €644,924 (+99.6%), from €647,417 to €1.3m
- Debts after one year -€116,376
down €116,376 (-9.3%), from €1.3m to €1.1m
of which Financial debts: -€116,294
- Profit (loss) carried forward +€109,657
up €109,657 (+8.7%), from €1.3m to €1.4m
Income statement
- Other operating charges -€596,541
down €596,541 (-74.4%), from €801,961 to €205,420
- Other operating income -€452,697
down €452,697 (-12.8%), from €3.5m to €3.1m
- Services and other goods +€186,536
up €186,536 (+6.7%), from €2.8m to €3.0m
- Staff costs -€153,533
down €153,533 (-2.4%), from €6.4m to €6.3m
- Turnover -€72,025
down €72,025 (-1.0%), from €7.0m to €6.9m
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
€56,393
Turnover
-€72,025
Other operating income
-€452,697
Goods and materials
+€26,875
Services and other goods
-€186,536
Staff costs
+€153,533
Depreciation
+€24,792
Provisions
-€3,000
Other operating charges
+€596,541
Other operating items
-€10,057
Financial income
-€1,270
Financial charges
-€893
Taxes
-€21,999
Result 2025
€109,657
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
+€526,696
Investment
-€395,851
Financing
-€112,675
Cash 2024
€3.5m
From operations (derived)
+€526,696
Net result for the year
+€109,657
Depreciation
+€338,783
Receivables within one year
-€315,512
Deferred charges and accrued income
-€16,467
Provisions
+€18,000
Trade debts
-€987,404
Tax, wage and social debts
+€66,521
Other debts
+€668,195
Accrued charges and deferred income
+€644,924
Investment (derived)
-€395,851
Investment in fixed assets (net)
-€395,851
Financing
-€112,675
Debts after one year
-€116,376
Current portion of long-term debt
+€3,701
Cash 2025
€3.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,047,983 | €8,455,201 | +€407,217 | +5.1% |
| Fixed assets | 21/28 | €2,235,518 | €2,292,586 | +€57,068 | +2.6% |
| Intangible fixed assets | 21 | €120,926 | €89,638 | -€31,288 | -25.9% |
| Tangible fixed assets | 22/27 | €2,113,058 | €2,202,224 | +€89,167 | +4.2% |
| Land and buildings | 22 | €1,644,514 | €1,560,718 | -€83,796 | -5.1% |
| Plant, machinery and equipment | 23 | €131,325 | €160,511 | +€29,186 | +22.2% |
| Furniture and vehicles | 24 | €337,218 | €472,969 | +€135,750 | +40.3% |
| Assets under construction and advance payments | 27 | - | €8,026 | +€8,026 | |
| Financial fixed assets | 28 | €1,534 | €724 | -€810 | -52.8% |
| Other financial fixed assets | 284/8 | €1,534 | €724 | -€810 | -52.8% |
| Shares | 284 | €64 | €64 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,470 | €660 | -€810 | -55.1% |
| Current assets | 29/58 | €5,812,466 | €6,162,615 | +€350,149 | +6.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,305,799 | €2,621,311 | +€315,512 | +13.7% |
| Trade receivables | 40 | €1,080,112 | €1,651,947 | +€571,835 | +52.9% |
| Other amounts receivable | 41 | €1,225,687 | €969,364 | -€256,324 | -20.9% |
| Cash at bank and in hand | 54/58 | €3,458,505 | €3,476,675 | +€18,170 | +0.5% |
| Deferred charges and accrued income | 490/1 | €48,161 | €64,628 | +€16,467 | +34.2% |
| Total equity and liabilities | 10/49 | €8,047,983 | €8,455,201 | +€407,217 | +5.1% |
| Equity | 10/15 | €2,039,662 | €2,149,319 | +€109,657 | +5.4% |
| Contributions | 10/11 | €25,400 | €25,400 | = | 0.0% |
| Reserves | 13 | €759,868 | €759,868 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,440 | €2,440 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,440 | €2,440 | = | 0.0% |
| Distributable reserves | 133 | €757,428 | €757,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,254,394 | €1,364,051 | +€109,657 | +8.7% |
| Provisions and deferred taxes | 16 | €108,500 | €126,500 | +€18,000 | +16.6% |
| Provisions for liabilities and charges | 160/5 | €108,500 | €126,500 | +€18,000 | +16.6% |
| Major repairs and maintenance | 162 | €84,500 | €102,500 | +€18,000 | +21.3% |
| Other liabilities and charges | 164/5 | €24,000 | €24,000 | = | 0.0% |
| Amounts payable | 17/49 | €5,899,821 | €6,179,381 | +€279,560 | +4.7% |
| Amounts payable after more than one year | 17 | €1,255,190 | €1,138,814 | -€116,376 | -9.3% |
| Financial debts | 170/4 | €1,252,395 | €1,136,101 | -€116,294 | -9.3% |
| Credit institutions | 173 | €1,252,395 | €1,136,101 | -€116,294 | -9.3% |
| Other amounts payable | 178/9 | €2,796 | €2,713 | -€83 | -3.0% |
| Amounts payable within one year | 42/48 | €3,997,214 | €3,748,227 | -€248,987 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €112,592 | €116,294 | +€3,701 | +3.3% |
| Trade debts | 44 | €2,673,941 | €1,686,537 | -€987,404 | -36.9% |
| Suppliers | 440/4 | €2,673,941 | €1,686,537 | -€987,404 | -36.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,134,942 | €1,201,463 | +€66,521 | +5.9% |
| Taxes | 450/3 | €23,504 | €137,451 | +€113,947 | +484.8% |
| Remuneration and social security | 454/9 | €1,111,439 | €1,064,012 | -€47,426 | -4.3% |
| Other amounts payable | 47/48 | €75,738 | €743,933 | +€668,195 | +882.2% |
| Accrued charges and deferred income | 492/3 | €647,417 | €1,292,340 | +€644,924 | +99.6% |
| Operating income | 70/76A | €10,561,803 | €10,039,671 | -€522,133 | -4.9% |
| Turnover | 70 | €7,017,290 | €6,945,266 | -€72,025 | -1.0% |
| Other operating income | 74 | €3,542,160 | €3,089,463 | -€452,697 | -12.8% |
| Non-recurring operating income | 76A | €2,353 | €4,942 | +€2,589 | +110.0% |
| Operating charges | 60/66A | €10,446,386 | €9,846,828 | -€599,558 | -5.7% |
| Goods for resale, raw materials and consumables | 60 | €60,836 | €33,961 | -€26,875 | -44.2% |
| Purchases | 600/8 | €60,836 | €33,961 | -€26,875 | -44.2% |
| Services and other goods | 61 | €2,795,854 | €2,982,390 | +€186,536 | +6.7% |
| Remuneration, social security and pensions | 62 | €6,409,160 | €6,255,627 | -€153,533 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €363,575 | €338,783 | -€24,792 | -6.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,000 | €18,000 | +€3,000 | +20.0% |
| Other operating charges | 640/8 | €801,961 | €205,420 | -€596,541 | -74.4% |
| Non-recurring operating charges | 66A | €0 | €12,646 | +€12,646 | |
| Operating profit (loss) | 9901 | €115,417 | €192,843 | +€77,426 | +67.1% |
| Financial income | 75/76B | €11,542 | €10,273 | -€1,270 | -11.0% |
| Recurring financial income | 75 | €0 | €10,273 | +€10,273 | |
| Income from current assets | 751 | €0 | €85 | +€85 | |
| Other financial income | 752/9 | €0 | €10,187 | +€10,187 | |
| Non-recurring financial income | 76B | €11,542 | €0 | -€11,542 | -100.0% |
| Financial charges | 65/66B | €43,664 | €44,557 | +€893 | +2.0% |
| Recurring financial charges | 65 | €43,036 | €39,508 | -€3,529 | -8.2% |
| Debt charges | 650 | €41,896 | €38,371 | -€3,525 | -8.4% |
| Other financial charges | 652/9 | €1,141 | €1,137 | -€4 | -0.4% |
| Non-recurring financial charges | 66B | €628 | €5,050 | +€4,422 | +704.2% |
| Profit (loss) for the period before taxes | 9903 | €83,295 | €158,559 | +€75,263 | +90.4% |
| Income taxes | 67/77 | €26,902 | €48,902 | +€21,999 | +81.8% |
| Taxes | 670/3 | €26,902 | €48,902 | +€21,999 | +81.8% |
| Profit (loss) for the period | 9904 | €56,393 | €109,657 | +€53,264 | +94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,393 | €109,657 | +€53,264 | +94.5% |
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 6 October 2026 via checked.be.