IGOVIC: 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.
IGOVIC
Largest movements
- Tangible fixed assets -€18,017
down €18,017 (-5.5%), from €326,381 to €308,363
- Profit (loss) carried forward -€13,725
down €13,725 (-4.5%), from €306,777 to €293,052
- Other debts -€6,193
down €6,193 (-99.5%), from €6,222 to €30
- Gross operating margin +€8,070
up €8,070, from -€2,877 to €5,193
- Taxes +€123
new in 2024: €123
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,459 | €314,171 | -€19,288 | -5.8% |
| Fixed assets | 21/28 | €326,381 | €308,363 | -€18,017 | -5.5% |
| Tangible fixed assets | 22/27 | €326,381 | €308,363 | -€18,017 | -5.5% |
| Land and buildings | 22 | €326,381 | €308,363 | -€18,017 | -5.5% |
| Current assets | 29/58 | €7,079 | €5,808 | -€1,271 | -18.0% |
| Cash at bank and in hand | 54/58 | €7,079 | €5,808 | -€1,271 | -18.0% |
| Total equity and liabilities | 10/49 | €333,459 | €314,171 | -€19,288 | -5.8% |
| Equity | 10/15 | €327,237 | €313,512 | -€13,725 | -4.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,777 | €293,052 | -€13,725 | -4.5% |
| Amounts payable | 17/49 | €6,222 | €659 | -€5,563 | -89.4% |
| Amounts payable within one year | 42/48 | €6,222 | €659 | -€5,563 | -89.4% |
| Trade debts | 44 | - | €629 | +€629 | |
| Suppliers | 440/4 | - | €629 | +€629 | |
| Other amounts payable | 47/48 | €6,222 | €30 | -€6,193 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,017 | €18,017 | = | 0.0% |
| Other operating charges | 640/8 | €151 | €152 | +€1 | +0.3% |
| Gross operating margin | 9900 | -€2,877 | €5,193 | +€8,070 | |
| Operating profit (loss) | 9901 | -€21,045 | -€12,976 | +€8,069 | +38.3% |
| Financial charges | 65/66B | €604 | €626 | +€22 | +3.6% |
| Recurring financial charges | 65 | €604 | €626 | +€22 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,649 | -€13,601 | +€8,048 | +37.2% |
| Income taxes | 67/77 | - | €123 | +€123 | |
| Profit (loss) for the period | 9904 | -€21,649 | -€13,725 | +€7,924 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,649 | -€13,725 | +€7,924 | +36.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.