IGS CONSULT: 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.
IGS CONSULT
Largest movements
- Cash +€100,811
up €100,811 (+118.6%), from €84,968 to €185,779
mainly Net result for the year (+€91,748) and Receivables within one year (+€11,680)
- Receivables within one year -€11,680
down €11,680 (-53.8%), from €21,712 to €10,032
of which Trade receivables: -€11,687
- Tangible fixed assets +€4,299
new in 2025: €4,299
- Profit (loss) carried forward +€90,915
up €90,915 (+117.6%), from €77,319 to €168,234
- Tax, wage and social debts +€3,253
up €3,253 (+12.5%), from €26,011 to €29,263
- Gross operating margin +€17,474
up €17,474 (+17.5%), from €100,091 to €117,566
- Taxes +€4,179
up €4,179 (+19.5%), from €21,471 to €25,650
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 | €106,759 | €200,451 | +€93,692 | +87.8% |
| Fixed assets | 21/28 | - | €4,299 | +€4,299 | |
| Tangible fixed assets | 22/27 | - | €4,299 | +€4,299 | |
| Plant, machinery and equipment | 23 | - | €4,299 | +€4,299 | |
| Current assets | 29/58 | €106,759 | €196,152 | +€89,393 | +83.7% |
| Amounts receivable within one year | 40/41 | €21,712 | €10,032 | -€11,680 | -53.8% |
| Trade receivables | 40 | €21,712 | €10,025 | -€11,687 | -53.8% |
| Other amounts receivable | 41 | - | €7 | +€7 | |
| Cash at bank and in hand | 54/58 | €84,968 | €185,779 | +€100,811 | +118.6% |
| Deferred charges and accrued income | 490/1 | €79 | €341 | +€262 | +332.9% |
| Total equity and liabilities | 10/49 | €106,759 | €200,451 | +€93,692 | +87.8% |
| Equity | 10/15 | €79,319 | €170,234 | +€90,915 | +114.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,319 | €168,234 | +€90,915 | +117.6% |
| Amounts payable | 17/49 | €27,439 | €30,217 | +€2,777 | +10.1% |
| Amounts payable within one year | 42/48 | €27,416 | €30,114 | +€2,699 | +9.8% |
| Trade debts | 44 | €1,018 | €397 | -€622 | -61.0% |
| Suppliers | 440/4 | €1,018 | €397 | -€622 | -61.0% |
| Taxes, remuneration and social security | 45 | €26,011 | €29,263 | +€3,253 | +12.5% |
| Taxes | 450/3 | €26,011 | €29,263 | +€3,253 | +12.5% |
| Other amounts payable | 47/48 | €387 | €454 | +€68 | +17.5% |
| Accrued charges and deferred income | 492/3 | €24 | €102 | +€79 | +332.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €309 | +€309 | |
| Other operating charges | 640/8 | €514 | €200 | -€314 | -61.1% |
| Gross operating margin | 9900 | €100,091 | €117,566 | +€17,474 | +17.5% |
| Operating profit (loss) | 9901 | €99,577 | €117,057 | +€17,480 | +17.6% |
| Financial income | 75/76B | €79 | €441 | +€362 | +459.6% |
| Recurring financial income | 75 | €79 | €441 | +€362 | +459.6% |
| Financial charges | 65/66B | €7 | €100 | +€93 | +1434.2% |
| Recurring financial charges | 65 | €7 | €100 | +€93 | +1434.2% |
| Profit (loss) for the period before taxes | 9903 | €99,649 | €117,398 | +€17,749 | +17.8% |
| Income taxes | 67/77 | €21,471 | €25,650 | +€4,179 | +19.5% |
| Profit (loss) for the period | 9904 | €78,178 | €91,748 | +€13,569 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €78,178 | €91,748 | +€13,569 | +17.4% |
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.