IGOMA: 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.
IGOMA
Largest movements
- Cash -€13,512
down €13,512 (-28.6%), from €47,314 to €33,802
mainly Investment in fixed assets (net) (-€16,916) and Other debts (-€13,465)
- Tangible fixed assets +€11,498
up €11,498 (+3.6%), from €320,446 to €331,944
- Receivables within one year -€3,819
down €3,819 (-90.8%), from €4,206 to €387
- Other debts -€13,465
down €13,465 (-83.1%), from €16,202 to €2,737
- Trade debts +€5,524
up €5,524 (+312.9%), from €1,765 to €7,289
- Gross operating margin -€4,059
down €4,059 (-12.0%), from €33,837 to €29,778
- Other operating charges +€1,826
up €1,826 (+11.4%), from €16,007 to €17,833
- Taxes -€1,277
down €1,277 (-43.6%), from €2,932 to €1,655
- Financial charges -€1,163
down €1,163 (-92.8%), from €1,253 to €90
- Depreciation +€418
up €418 (+8.4%), from €5,000 to €5,418
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €371,966 | €366,132 | -€5,833 | -1.6% |
| Fixed assets | 21/28 | €320,446 | €331,944 | +€11,498 | +3.6% |
| Tangible fixed assets | 22/27 | €320,446 | €331,944 | +€11,498 | +3.6% |
| Land and buildings | 22 | €320,446 | €331,944 | +€11,498 | +3.6% |
| Current assets | 29/58 | €51,520 | €34,189 | -€17,331 | -33.6% |
| Amounts receivable within one year | 40/41 | €4,206 | €387 | -€3,819 | -90.8% |
| Other amounts receivable | 41 | €4,206 | €387 | -€3,819 | -90.8% |
| Cash at bank and in hand | 54/58 | €47,314 | €33,802 | -€13,512 | -28.6% |
| Total equity and liabilities | 10/49 | €371,966 | €366,132 | -€5,833 | -1.6% |
| Equity | 10/15 | €352,852 | €356,106 | +€3,255 | +0.9% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Reserves | 13 | €303,273 | €306,527 | +€3,255 | +1.1% |
| Non-distributable reserves | 130/1 | €4,958 | €0 | -€4,958 | -100.0% |
| Reserves not available under the articles | 1311 | €4,958 | €0 | -€4,958 | -100.0% |
| Distributable reserves | 133 | €298,315 | €306,527 | +€8,213 | +2.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €19,114 | €10,026 | -€9,088 | -47.5% |
| Amounts payable within one year | 42/48 | €17,967 | €10,026 | -€7,941 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,765 | €7,289 | +€5,524 | +312.9% |
| Suppliers | 440/4 | €1,765 | €7,289 | +€5,524 | +312.9% |
| Other amounts payable | 47/48 | €16,202 | €2,737 | -€13,465 | -83.1% |
| Accrued charges and deferred income | 492/3 | €1,147 | €0 | -€1,147 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €5,418 | +€418 | +8.4% |
| Other operating charges | 640/8 | €16,007 | €17,833 | +€1,826 | +11.4% |
| Gross operating margin | 9900 | €33,837 | €29,778 | -€4,059 | -12.0% |
| Operating profit (loss) | 9901 | €12,830 | €6,527 | -€6,303 | -49.1% |
| Financial income | 75/76B | €151 | €139 | -€13 | -8.3% |
| Recurring financial income | 75 | €151 | €139 | -€13 | -8.3% |
| Financial charges | 65/66B | €1,253 | €90 | -€1,163 | -92.8% |
| Recurring financial charges | 65 | €1,253 | €90 | -€1,163 | -92.8% |
| Profit (loss) for the period before taxes | 9903 | €11,729 | €6,576 | -€5,153 | -43.9% |
| Income taxes | 67/77 | €2,932 | €1,655 | -€1,277 | -43.6% |
| Profit (loss) for the period | 9904 | €8,796 | €4,921 | -€3,876 | -44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,796 | €4,921 | -€3,876 | -44.1% |
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 9 October 2026 via checked.be.