IQ GROUP: 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.
IQ GROUP
Largest movements
- Receivables within one year -€46,256
down €46,256 (-33.1%), from €139,723 to €93,467
of which Other amounts receivable: -€40,785
- Tangible fixed assets -€39,332
down €39,332 (-20.3%), from €194,196 to €154,865
of which Other tangible fixed assets: -€37,355
- Debts after one year -€134,208
down €134,208 (-12.1%), from €1.1m to €976,375
- Other debts +€50,566
up €50,566 (+5.3%), from €946,835 to €997,401
- Tax, wage and social debts -€39,036
down €39,036 (-36.6%), from €106,694 to €67,658
of which Taxes: -€30,449
- Trade debts +€31,307
up €31,307 (+9.5%), from €327,907 to €359,213
- Gross operating margin -€97,242
down €97,242 (-44.9%), from €216,601 to €119,359
- Staff costs -€40,320
down €40,320, from €39,025 to -€1,295
- Taxes -€15,263
down €15,263 (-63.8%), from €23,927 to €8,665
- Financial charges +€4,388
up €4,388 (+10.6%), from €41,545 to €45,933
- Other operating charges -€2,682
down €2,682 (-20.6%), from €13,015 to €10,333
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 | €3,013,849 | €2,924,728 | -€89,121 | -3.0% |
| Fixed assets | 21/28 | €2,865,444 | €2,825,712 | -€39,732 | -1.4% |
| Intangible fixed assets | 21 | €421 | €21 | -€400 | -95.1% |
| Tangible fixed assets | 22/27 | €194,196 | €154,865 | -€39,332 | -20.3% |
| Furniture and vehicles | 24 | €13,525 | €12,140 | -€1,386 | -10.2% |
| Leasing and similar rights | 25 | €5,019 | €4,428 | -€591 | -11.8% |
| Other tangible fixed assets | 26 | €175,651 | €138,296 | -€37,355 | -21.3% |
| Financial fixed assets | 28 | €2,670,827 | €2,670,827 | = | 0.0% |
| Current assets | 29/58 | €148,406 | €99,016 | -€49,390 | -33.3% |
| Amounts receivable within one year | 40/41 | €139,723 | €93,467 | -€46,256 | -33.1% |
| Trade receivables | 40 | €19,850 | €14,380 | -€5,471 | -27.6% |
| Other amounts receivable | 41 | €119,872 | €79,087 | -€40,785 | -34.0% |
| Cash at bank and in hand | 54/58 | €1,013 | €3,035 | +€2,022 | +199.7% |
| Deferred charges and accrued income | 490/1 | €7,671 | €2,515 | -€5,156 | -67.2% |
| Total equity and liabilities | 10/49 | €3,013,849 | €2,924,728 | -€89,121 | -3.0% |
| Equity | 10/15 | €340,667 | €352,161 | +€11,494 | +3.4% |
| Contributions | 10/11 | €238,662 | €238,662 | = | 0.0% |
| Reserves | 13 | €8,600 | €8,600 | = | 0.0% |
| Distributable reserves | 133 | €8,600 | €8,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,405 | €104,899 | +€11,494 | +12.3% |
| Amounts payable | 17/49 | €2,673,183 | €2,572,568 | -€100,615 | -3.8% |
| Amounts payable after more than one year | 17 | €1,110,583 | €976,375 | -€134,208 | -12.1% |
| Financial debts | 170/4 | €1,110,583 | €976,375 | -€134,208 | -12.1% |
| Amounts payable within one year | 42/48 | €1,535,088 | €1,566,292 | +€31,204 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €150,178 | €138,400 | -€11,777 | -7.8% |
| Financial debts | 43 | €3,474 | €3,619 | +€145 | +4.2% |
| Credit institutions | 430/8 | €3,474 | €3,619 | +€145 | +4.2% |
| Trade debts | 44 | €327,907 | €359,213 | +€31,307 | +9.5% |
| Suppliers | 440/4 | €327,907 | €359,213 | +€31,307 | +9.5% |
| Taxes, remuneration and social security | 45 | €106,694 | €67,658 | -€39,036 | -36.6% |
| Taxes | 450/3 | €94,639 | €64,191 | -€30,449 | -32.2% |
| Remuneration and social security | 454/9 | €12,055 | €3,467 | -€8,587 | -71.2% |
| Other amounts payable | 47/48 | €946,835 | €997,401 | +€50,566 | +5.3% |
| Accrued charges and deferred income | 492/3 | €27,512 | €29,901 | +€2,389 | +8.7% |
| Remuneration, social security and pensions | 62 | €39,025 | -€1,295 | -€40,320 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,856 | €44,435 | -€1,421 | -3.1% |
| Other operating charges | 640/8 | €13,015 | €10,333 | -€2,682 | -20.6% |
| Gross operating margin | 9900 | €216,601 | €119,359 | -€97,242 | -44.9% |
| Operating profit (loss) | 9901 | €118,704 | €65,885 | -€52,819 | -44.5% |
| Financial income | 75/76B | €1 | €207 | +€205 | +13955.1% |
| Recurring financial income | 75 | €1 | €207 | +€205 | +13955.1% |
| Financial charges | 65/66B | €41,545 | €45,933 | +€4,388 | +10.6% |
| Recurring financial charges | 65 | €41,545 | €45,933 | +€4,388 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €77,161 | €20,158 | -€57,003 | -73.9% |
| Income taxes | 67/77 | €23,927 | €8,665 | -€15,263 | -63.8% |
| Profit (loss) for the period | 9904 | €53,234 | €11,494 | -€41,740 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,234 | €11,494 | -€41,740 | -78.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.