IGOT: 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.
IGOT
Largest movements
- Current investments +€10,306
up €10,306 (+12.6%), from €81,605 to €91,911
- Cash -€4,736
down €4,736 (-27.3%), from €17,346 to €12,610
mainly Other debts (-€18,950) and Current investments (-€10,306)
- Receivables within one year +€2,389
up €2,389 (+33.6%), from €7,104 to €9,493
- Reserves +€24,000
up €24,000 (+35.4%), from €67,860 to €91,860
- Other debts -€18,950
down €18,950 (-71.0%), from €26,691 to €7,741
- Depreciation -€4,487
down €4,487 (-83.2%), from €5,395 to €909
- Gross operating margin -€1,299
down €1,299 (-2.8%), from €46,250 to €44,950
- Taxes +€732
up €732 (+5.1%), from €14,314 to €15,046
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 | €108,747 | €115,881 | +€7,133 | +6.6% |
| Fixed assets | 21/28 | €1,118 | €209 | -€909 | -81.3% |
| Tangible fixed assets | 22/27 | €1,068 | €159 | -€909 | -85.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €1,068 | €159 | -€909 | -85.1% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €107,630 | €115,672 | +€8,042 | +7.5% |
| Amounts receivable within one year | 40/41 | €7,104 | €9,493 | +€2,389 | +33.6% |
| Trade receivables | 40 | €7,104 | €9,493 | +€2,389 | +33.6% |
| Current investments | 50/53 | €81,605 | €91,911 | +€10,306 | +12.6% |
| Cash at bank and in hand | 54/58 | €17,346 | €12,610 | -€4,736 | -27.3% |
| Deferred charges and accrued income | 490/1 | €1,574 | €1,658 | +€84 | +5.3% |
| Total equity and liabilities | 10/49 | €108,747 | €115,881 | +€7,133 | +6.6% |
| Equity | 10/15 | €77,463 | €101,902 | +€24,440 | +31.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €67,860 | €91,860 | +€24,000 | +35.4% |
| Distributable reserves | 133 | €67,860 | €91,860 | +€24,000 | +35.4% |
| Profit (loss) carried forward | 14 | €3,403 | €3,842 | +€440 | +12.9% |
| Amounts payable | 17/49 | €31,285 | €13,978 | -€17,306 | -55.3% |
| Amounts payable within one year | 42/48 | €31,285 | €13,978 | -€17,306 | -55.3% |
| Trade debts | 44 | €1 | €1,002 | +€1,001 | +69015.9% |
| Suppliers | 440/4 | €1 | €1,002 | +€1,001 | +69015.9% |
| Taxes, remuneration and social security | 45 | €4,592 | €5,235 | +€643 | +14.0% |
| Taxes | 450/3 | €4,592 | €5,235 | +€643 | +14.0% |
| Other amounts payable | 47/48 | €26,691 | €7,741 | -€18,950 | -71.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,395 | €909 | -€4,487 | -83.2% |
| Other operating charges | 640/8 | €826 | €820 | -€6 | -0.7% |
| Gross operating margin | 9900 | €46,250 | €44,950 | -€1,299 | -2.8% |
| Operating profit (loss) | 9901 | €40,029 | €43,221 | +€3,193 | +8.0% |
| Financial income | 75/76B | €164 | €446 | +€282 | +172.1% |
| Recurring financial income | 75 | €164 | €446 | +€282 | +172.1% |
| Financial charges | 65/66B | €147 | €182 | +€35 | +23.6% |
| Recurring financial charges | 65 | €147 | €182 | +€35 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €40,046 | €43,486 | +€3,440 | +8.6% |
| Income taxes | 67/77 | €14,314 | €15,046 | +€732 | +5.1% |
| Profit (loss) for the period | 9904 | €25,732 | €28,440 | +€2,708 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,732 | €28,440 | +€2,708 | +10.5% |
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 7 October 2026 via checked.be.