IGTS: 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.
IGTS
Largest movements
- Receivables within one year +€12,851
up €12,851 (+79.8%), from €16,111 to €28,962
of which Other amounts receivable: +€12,669
- Tangible fixed assets +€3,923
up €3,923 (+36.7%), from €10,698 to €14,621
of which Plant, machinery and equipment: +€6,103
- Cash +€2,097
up €2,097 (+28.0%), from €7,482 to €9,579
mainly Net result for the year (+€15,794) and Depreciation (+€5,262)
- Deferred charges and accrued income -€1,224
down €1,224 (-75.1%), from €1,630 to €405
- Reserves +€15,794
up €15,794 (+96.9%), from €16,301 to €32,096
- Tax, wage and social debts +€4,757
up €4,757 (+58.4%), from €8,151 to €12,907
- Debts after one year -€1,456
no longer reported in 2025 (was €1,456)
- Trade debts -€1,379
down €1,379 (-39.5%), from €3,487 to €2,108
- Gross operating margin +€3,914
up €3,914 (+14.7%), from €26,603 to €30,517
- Depreciation +€2,454
up €2,454 (+87.4%), from €2,808 to €5,262
- Taxes +€583
up €583 (+10.5%), from €5,562 to €6,145
- Financial charges +€475
up €475 (+14.4%), from €3,303 to €3,778
- Financial income +€376
up €376 (+252%), from €149 to €525
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 | €35,921 | €53,568 | +€17,646 | +49.1% |
| Fixed assets | 21/28 | €10,698 | €14,621 | +€3,923 | +36.7% |
| Tangible fixed assets | 22/27 | €10,698 | €14,621 | +€3,923 | +36.7% |
| Land and buildings | 22 | €1,951 | €1,548 | -€402 | -20.6% |
| Plant, machinery and equipment | 23 | €5,348 | €11,451 | +€6,103 | +114% |
| Furniture and vehicles | 24 | €3,399 | €1,622 | -€1,777 | -52.3% |
| Current assets | 29/58 | €25,224 | €38,946 | +€13,723 | +54.4% |
| Amounts receivable within one year | 40/41 | €16,111 | €28,962 | +€12,851 | +79.8% |
| Trade receivables | 40 | €10,799 | €10,981 | +€182 | +1.7% |
| Other amounts receivable | 41 | €5,312 | €17,982 | +€12,669 | +238% |
| Cash at bank and in hand | 54/58 | €7,482 | €9,579 | +€2,097 | +28.0% |
| Deferred charges and accrued income | 490/1 | €1,630 | €405 | -€1,224 | -75.1% |
| Total equity and liabilities | 10/49 | €35,921 | €53,568 | +€17,646 | +49.1% |
| Equity | 10/15 | €21,301 | €37,096 | +€15,794 | +74.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,301 | €32,096 | +€15,794 | +96.9% |
| Distributable reserves | 133 | €16,301 | €32,096 | +€15,794 | +96.9% |
| Amounts payable | 17/49 | €14,620 | €16,472 | +€1,852 | +12.7% |
| Amounts payable after more than one year | 17 | €1,456 | - | -€1,456 | |
| Financial debts | 170/4 | €1,456 | - | -€1,456 | |
| Amounts payable within one year | 42/48 | €13,164 | €16,472 | +€3,308 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €1,526 | €1,456 | -€70 | -4.6% |
| Trade debts | 44 | €3,487 | €2,108 | -€1,379 | -39.5% |
| Suppliers | 440/4 | €3,487 | €2,108 | -€1,379 | -39.5% |
| Taxes, remuneration and social security | 45 | €8,151 | €12,907 | +€4,757 | +58.4% |
| Taxes | 450/3 | €8,151 | €12,907 | +€4,757 | +58.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,808 | €5,262 | +€2,454 | +87.4% |
| Other operating charges | 640/8 | €62 | €62 | = | 0.0% |
| Gross operating margin | 9900 | €26,603 | €30,517 | +€3,914 | +14.7% |
| Operating profit (loss) | 9901 | €23,733 | €25,193 | +€1,460 | +6.2% |
| Financial income | 75/76B | €149 | €525 | +€376 | +252% |
| Recurring financial income | 75 | €149 | €525 | +€376 | +252% |
| Financial charges | 65/66B | €3,303 | €3,778 | +€475 | +14.4% |
| Recurring financial charges | 65 | €3,303 | €3,778 | +€475 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | €20,580 | €21,940 | +€1,360 | +6.6% |
| Income taxes | 67/77 | €5,562 | €6,145 | +€583 | +10.5% |
| Profit (loss) for the period | 9904 | €15,018 | €15,794 | +€776 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,018 | €15,794 | +€776 | +5.2% |
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 29 October 2026 via checked.be.