IGOR & CO: 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.
IGOR & CO
Largest movements
- Tangible fixed assets -€22,266
down €22,266 (-4.7%), from €470,111 to €447,845
of which Land and buildings: -€13,511
- Cash -€6,157
down €6,157 (-24.2%), from €25,466 to €19,309
mainly Net result for the year (-€26,228) and Debts after one year (-€9,511)
- Profit (loss) carried forward -€26,228
down €26,228 (-50.8%), from -€51,620 to -€77,848
- Debts after one year -€9,511
down €9,511 (-2.9%), from €332,109 to €322,599
- Other debts +€5,061
up €5,061 (+5.4%), from €93,201 to €98,261
- Gross operating margin -€14,324
down €14,324 (-38.3%), from €37,410 to €23,085
- Depreciation +€805
up €805 (+3.1%), from €25,834 to €26,638
- Financial charges +€449
up €449 (+2.2%), from €20,260 to €20,709
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 | €506,019 | €479,687 | -€26,332 | -5.2% |
| Fixed assets | 21/28 | €470,111 | €447,845 | -€22,266 | -4.7% |
| Tangible fixed assets | 22/27 | €470,111 | €447,845 | -€22,266 | -4.7% |
| Land and buildings | 22 | €433,500 | €419,989 | -€13,511 | -3.1% |
| Plant, machinery and equipment | 23 | €20,394 | €13,690 | -€6,704 | -32.9% |
| Furniture and vehicles | 24 | €16,217 | €14,165 | -€2,051 | -12.6% |
| Current assets | 29/58 | €35,908 | €31,843 | -€4,066 | -11.3% |
| Stocks and contracts in progress | 3 | €7,452 | €5,209 | -€2,243 | -30.1% |
| Stocks | 30/36 | €7,452 | €5,209 | -€2,243 | -30.1% |
| Amounts receivable within one year | 40/41 | €2,170 | €4,890 | +€2,720 | +125.3% |
| Trade receivables | 40 | €2,133 | €4,832 | +€2,699 | +126.5% |
| Other amounts receivable | 41 | €37 | €58 | +€21 | +57.1% |
| Cash at bank and in hand | 54/58 | €25,466 | €19,309 | -€6,157 | -24.2% |
| Deferred charges and accrued income | 490/1 | €820 | €2,435 | +€1,615 | +196.9% |
| Total equity and liabilities | 10/49 | €506,019 | €479,687 | -€26,332 | -5.2% |
| Equity | 10/15 | €58,380 | €32,152 | -€26,228 | -44.9% |
| Contributions | 10/11 | €110,000 | €110,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,620 | -€77,848 | -€26,228 | -50.8% |
| Amounts payable | 17/49 | €447,639 | €447,535 | -€104 | 0.0% |
| Amounts payable after more than one year | 17 | €332,109 | €322,599 | -€9,511 | -2.9% |
| Financial debts | 170/4 | €332,109 | €322,599 | -€9,511 | -2.9% |
| Amounts payable within one year | 42/48 | €107,937 | €116,618 | +€8,681 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €9,129 | €9,511 | +€382 | +4.2% |
| Trade debts | 44 | €4,412 | €5,058 | +€646 | +14.6% |
| Suppliers | 440/4 | €4,412 | €5,058 | +€646 | +14.6% |
| Taxes, remuneration and social security | 45 | €1,195 | €3,788 | +€2,593 | +217.0% |
| Taxes | 450/3 | €1,173 | €3,788 | +€2,614 | +222.9% |
| Remuneration and social security | 454/9 | €22 | €0 | -€22 | -100.0% |
| Other amounts payable | 47/48 | €93,201 | €98,261 | +€5,061 | +5.4% |
| Accrued charges and deferred income | 492/3 | €7,593 | €8,319 | +€726 | +9.6% |
| Remuneration, social security and pensions | 62 | €163 | €170 | +€7 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,834 | €26,638 | +€805 | +3.1% |
| Other operating charges | 640/8 | €1,668 | €1,913 | +€244 | +14.6% |
| Gross operating margin | 9900 | €37,410 | €23,085 | -€14,324 | -38.3% |
| Operating profit (loss) | 9901 | €9,744 | -€5,635 | -€15,380 | |
| Financial income | 75/76B | €10 | €176 | +€166 | +1703.7% |
| Recurring financial income | 75 | €10 | €176 | +€166 | +1703.7% |
| Financial charges | 65/66B | €20,260 | €20,709 | +€449 | +2.2% |
| Recurring financial charges | 65 | €20,260 | €20,709 | +€449 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€10,506 | -€26,169 | -€15,663 | -149.1% |
| Income taxes | 67/77 | €3 | €59 | +€56 | +1918.8% |
| Profit (loss) for the period | 9904 | -€10,509 | -€26,228 | -€15,719 | -149.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,509 | -€26,228 | -€15,719 | -149.6% |
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 7 October 2026 via checked.be.