IGP AUTOMATION: 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.
IGP AUTOMATION
Largest movements
- Cash +€254,119
up €254,119 (+351%), from €72,483 to €326,602
mainly Advances received (+€147,000) and Tax, wage and social debts (+€61,154)
- Tangible fixed assets -€43,570
down €43,570 (-12.3%), from €354,967 to €311,398
of which Land and buildings: -€26,300
- Receivables within one year -€17,982
down €17,982 (-8.5%), from €211,487 to €193,505
of which Trade receivables: -€13,969
- Advances received +€147,000
up €147,000 (+4,900%), from €3,000 to €150,000
- Tax, wage and social debts +€61,154
up €61,154 (+139%), from €43,908 to €105,062
of which Remuneration and social security: +€37,552
- Debts after one year -€49,024
down €49,024 (-14.7%), from €332,621 to €283,597
- Trade debts +€26,896
up €26,896 (+59.4%), from €45,280 to €72,176
- Other debts -€19,997
down €19,997 (-30.8%), from €64,997 to €45,000
- Gross operating margin +€147,250
up €147,250 (+60.4%), from €243,715 to €390,964
- Other operating charges +€76,572
up €76,572 (+2,285%), from €3,351 to €79,923
- Staff costs +€47,544
up €47,544 (+25.7%), from €185,038 to €232,582
- Depreciation +€6,067
up €6,067 (+15.3%), from €39,688 to €45,755
- Taxes +€4,995
up €4,995 (+624%), from €800 to €5,795
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.
Derived cash bridge
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 | €701,309 | €890,278 | +€188,969 | +26.9% |
| Fixed assets | 21/28 | €361,618 | €315,863 | -€45,755 | -12.7% |
| Intangible fixed assets | 21 | €6,201 | €4,015 | -€2,186 | -35.2% |
| Tangible fixed assets | 22/27 | €354,967 | €311,398 | -€43,570 | -12.3% |
| Land and buildings | 22 | €295,774 | €269,474 | -€26,300 | -8.9% |
| Plant, machinery and equipment | 23 | €1,551 | €862 | -€688 | -44.4% |
| Furniture and vehicles | 24 | €57,643 | €41,062 | -€16,581 | -28.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €339,690 | €574,415 | +€234,724 | +69.1% |
| Stocks and contracts in progress | 3 | €44,325 | €51,166 | +€6,841 | +15.4% |
| Stocks | 30/36 | €44,325 | €51,166 | +€6,841 | +15.4% |
| Amounts receivable within one year | 40/41 | €211,487 | €193,505 | -€17,982 | -8.5% |
| Trade receivables | 40 | €201,294 | €187,325 | -€13,969 | -6.9% |
| Other amounts receivable | 41 | €10,193 | €6,180 | -€4,014 | -39.4% |
| Cash at bank and in hand | 54/58 | €72,483 | €326,602 | +€254,119 | +351% |
| Deferred charges and accrued income | 490/1 | €11,396 | €3,142 | -€8,254 | -72.4% |
| Total equity and liabilities | 10/49 | €701,309 | €890,278 | +€188,969 | +26.9% |
| Equity | 10/15 | €172,368 | €187,112 | +€14,744 | +8.6% |
| Contributions | 10/11 | €19,220 | €19,220 | = | 0.0% |
| Reserves | 13 | - | €14,500 | +€14,500 | |
| Distributable reserves | 133 | - | €14,500 | +€14,500 | |
| Profit (loss) carried forward | 14 | €153,148 | €153,392 | +€244 | +0.2% |
| Amounts payable | 17/49 | €528,941 | €703,166 | +€174,225 | +32.9% |
| Amounts payable after more than one year | 17 | €332,621 | €283,597 | -€49,024 | -14.7% |
| Financial debts | 170/4 | €332,621 | €283,597 | -€49,024 | -14.7% |
| Amounts payable within one year | 42/48 | €196,320 | €415,262 | +€218,941 | +112% |
| Current portion of amounts payable after more than one year | 42 | €39,136 | €43,024 | +€3,888 | +9.9% |
| Trade debts | 44 | €45,280 | €72,176 | +€26,896 | +59.4% |
| Suppliers | 440/4 | €45,280 | €72,176 | +€26,896 | +59.4% |
| Advances received on contracts in progress | 46 | €3,000 | €150,000 | +€147,000 | +4,900% |
| Taxes, remuneration and social security | 45 | €43,908 | €105,062 | +€61,154 | +139% |
| Taxes | 450/3 | €31,262 | €54,863 | +€23,602 | +75.5% |
| Remuneration and social security | 454/9 | €12,646 | €50,198 | +€37,552 | +297% |
| Other amounts payable | 47/48 | €64,997 | €45,000 | -€19,997 | -30.8% |
| Accrued charges and deferred income | 492/3 | €0 | €4,308 | +€4,308 | |
| Remuneration, social security and pensions | 62 | €185,038 | €232,582 | +€47,544 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,688 | €45,755 | +€6,067 | +15.3% |
| Other operating charges | 640/8 | €3,351 | €79,923 | +€76,572 | +2,285% |
| Gross operating margin | 9900 | €243,715 | €390,964 | +€147,250 | +60.4% |
| Operating profit (loss) | 9901 | €15,638 | €32,704 | +€17,066 | +109% |
| Financial income | 75/76B | €100 | €36 | -€64 | -64.1% |
| Recurring financial income | 75 | €100 | €36 | -€64 | -64.1% |
| Financial charges | 65/66B | €12,195 | €12,201 | +€6 | +0.1% |
| Recurring financial charges | 65 | €12,195 | €12,201 | +€6 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €3,544 | €20,539 | +€16,995 | +480% |
| Income taxes | 67/77 | €800 | €5,795 | +€4,995 | +624% |
| Profit (loss) for the period | 9904 | €2,744 | €14,744 | +€12,000 | +437% |
| Profit (loss) for the period to be appropriated | 9905 | €2,744 | €14,744 | +€12,000 | +437% |
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 17 October 2026 via checked.be.