IGODT: what changed
What changed
IGODT
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
-€28,192
2024 · -€40,211+€12,020
Equity
€156,149
2024 · €193,641-€37,492
Cash
€37,692
2024 · €47,888-€10,196
Balance sheet total
€518,128
2024 · €547,724-€29,595
Largest movements
Assets
- Tangible fixed assets -€36,185
down €36,185 (-23.2%), from €155,713 to €119,528
of which Land and buildings: -€20,260
- Receivables within one year +€21,100
up €21,100 (+125%), from €16,835 to €37,935
of which Trade receivables: +€16,204
- Cash -€10,196
down €10,196 (-21.3%), from €47,888 to €37,692
mainly Net result for the year (-€28,192) and Receivables within one year (-€21,100)
Equity and liabilities
- Reserves -€37,492
down €37,492 (-21.4%), from €175,041 to €137,549
- Short-term financial debts -€19,839
down €19,839 (-15.9%), from €125,000 to €105,161
- Current portion of long-term debt +€8,963
up €8,963 (+29.5%), from €30,331 to €39,293
- Debts after one year +€7,356
up €7,356 (+5.8%), from €126,077 to €133,433
Income statement
- Staff costs -€23,717
down €23,717 (-48.4%), from €49,013 to €25,296
- Gross operating margin -€11,693
down €11,693 (-18.7%), from €62,487 to €50,795
- Financial charges +€2,122
up €2,122 (+21.3%), from €9,953 to €12,074
- Depreciation -€1,935
down €1,935 (-4.5%), from €42,820 to €40,886
- Financial income -€629
down €629 (-27.2%), from €2,315 to €1,685
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€40,211
Gross operating margin
-€11,693
Staff costs
+€23,717
Depreciation
+€1,935
Other operating charges
-€227
Other operating items
+€1,159
Financial income
-€629
Financial charges
-€2,122
Taxes
-€120
Result 2025
-€28,192
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€7,326
Investment
-€4,701
Financing
-€12,820
Cash 2024
€47,888
From operations (derived)
+€7,326
Net result for the year
-€28,192
Depreciation
+€40,886
Stocks and contracts
+€5,260
Receivables within one year
-€21,100
Deferred charges and accrued income
-€944
Trade debts
+€3,153
Tax, wage and social debts
+€3,496
Other debts
+€4,426
Accrued charges and deferred income
+€342
Investment (derived)
-€4,701
Investment in fixed assets (net)
-€4,701
Financing
-€12,820
Debts after one year
+€7,356
Current portion of long-term debt
+€8,963
Short-term financial debts
-€19,839
Contributions, distributions and other
-€9,300
Cash 2025
€37,692
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €547,724 | €518,128 | -€29,595 | -5.4% |
| Fixed assets | 21/28 | €155,713 | €119,528 | -€36,185 | -23.2% |
| Tangible fixed assets | 22/27 | €155,713 | €119,528 | -€36,185 | -23.2% |
| Land and buildings | 22 | €91,432 | €71,172 | -€20,260 | -22.2% |
| Plant, machinery and equipment | 23 | €15,996 | €11,462 | -€4,534 | -28.3% |
| Furniture and vehicles | 24 | €48,285 | €36,894 | -€11,391 | -23.6% |
| Current assets | 29/58 | €392,011 | €398,600 | +€6,589 | +1.7% |
| Stocks and contracts in progress | 3 | €320,689 | €315,429 | -€5,260 | -1.6% |
| Stocks | 30/36 | €320,689 | €315,429 | -€5,260 | -1.6% |
| Amounts receivable within one year | 40/41 | €16,835 | €37,935 | +€21,100 | +125% |
| Trade receivables | 40 | €1,977 | €18,181 | +€16,204 | +820% |
| Other amounts receivable | 41 | €14,858 | €19,754 | +€4,896 | +33.0% |
| Cash at bank and in hand | 54/58 | €47,888 | €37,692 | -€10,196 | -21.3% |
| Deferred charges and accrued income | 490/1 | €6,599 | €7,543 | +€944 | +14.3% |
| Total equity and liabilities | 10/49 | €547,724 | €518,128 | -€29,595 | -5.4% |
| Equity | 10/15 | €193,641 | €156,149 | -€37,492 | -19.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €175,041 | €137,549 | -€37,492 | -21.4% |
| Distributable reserves | 133 | €175,041 | €137,549 | -€37,492 | -21.4% |
| Amounts payable | 17/49 | €354,082 | €361,979 | +€7,896 | +2.2% |
| Amounts payable after more than one year | 17 | €126,077 | €133,433 | +€7,356 | +5.8% |
| Financial debts | 170/4 | €126,077 | €133,433 | +€7,356 | +5.8% |
| Amounts payable within one year | 42/48 | €228,006 | €228,203 | +€198 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €30,331 | €39,293 | +€8,963 | +29.5% |
| Financial debts | 43 | €125,000 | €105,161 | -€19,839 | -15.9% |
| Credit institutions | 430/8 | €125,000 | €105,161 | -€19,839 | -15.9% |
| Trade debts | 44 | €20,407 | €23,559 | +€3,153 | +15.4% |
| Suppliers | 440/4 | €20,407 | €23,559 | +€3,153 | +15.4% |
| Taxes, remuneration and social security | 45 | €6,743 | €10,239 | +€3,496 | +51.8% |
| Taxes | 450/3 | €4,550 | €7,433 | +€2,884 | +63.4% |
| Remuneration and social security | 454/9 | €2,194 | €2,806 | +€612 | +27.9% |
| Other amounts payable | 47/48 | €45,525 | €49,951 | +€4,426 | +9.7% |
| Accrued charges and deferred income | 492/3 | - | €342 | +€342 | |
| Non-recurring operating income | 76A | €6,849 | - | -€6,849 | |
| Remuneration, social security and pensions | 62 | €49,013 | €25,296 | -€23,717 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,820 | €40,886 | -€1,935 | -4.5% |
| Other operating charges | 640/8 | €1,906 | €2,133 | +€227 | +11.9% |
| Non-recurring operating charges | 66A | €1,159 | - | -€1,159 | |
| Gross operating margin | 9900 | €62,487 | €50,795 | -€11,693 | -18.7% |
| Operating profit (loss) | 9901 | -€32,411 | -€17,520 | +€14,891 | +45.9% |
| Financial income | 75/76B | €2,315 | €1,685 | -€629 | -27.2% |
| Recurring financial income | 75 | €2,315 | €1,685 | -€629 | -27.2% |
| Financial charges | 65/66B | €9,953 | €12,074 | +€2,122 | +21.3% |
| Recurring financial charges | 65 | €9,953 | €12,074 | +€2,122 | +21.3% |
| Profit (loss) for the period before taxes | 9903 | -€40,049 | -€27,909 | +€12,140 | +30.3% |
| Income taxes | 67/77 | €163 | €283 | +€120 | +74.1% |
| Profit (loss) for the period | 9904 | -€40,211 | -€28,192 | +€12,020 | +29.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,211 | -€28,192 | +€12,020 | +29.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.