IU Group: 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.
What changed
IU Group
NACE 82.990, Other business support services
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€14.1m
2023 · -€55.2m+€69.3m
Equity
€865.4m
2023 · €851.3m+€14.1m
Cash
€12.6m
2023 · €10.5m+€2.1m
Balance sheet total
€1.68bn
2023 · €1.67bn+€10.4m
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Debts after one year +€31.3m
up €31.3m (+5.6%), from €554.7m to €586.0m
- Trade debts -€23.2m
down €23.2m (-10.4%), from €222.2m to €199.1m
Income statement
- Financial income +€76.5m
up €76.5m (+293.4%), from €26.1m to €102.6m
- Turnover +€58.2m
up €58.2m (+30.4%), from €191.5m to €249.7m
- Services and other goods +€52.9m
up €52.9m (+27.2%), from €194.9m to €247.9m
- Financial charges +€23.4m
up €23.4m (+34.8%), from €67.3m to €90.8m
of which Financial charges: +€24.1m
- Taxes -€6.3m
down €6.3m, from €3.4m to -€2.8m
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.
Result 2023
-€55.2m
Turnover
+€58.2m
Other operating income
-€5.7m
Services and other goods
-€52.9m
Staff costs
-€207,131
Depreciation
+€1.9m
Provisions
+€4,558
Other operating charges
-€949,807
Other operating items
-€334,837
Financial income
+€76.5m
Financial charges
-€23.4m
Taxes
+€6.3m
Deferred taxes and other
+€9.8m
Result 2024
€14.1m
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.
From operations
-€25.7m
Investment
-€3.5m
Financing
+€31.3m
Cash 2023
€10.5m
From operations (derived)
-€25.7m
Net result for the year
+€14.1m
Depreciation
+€3.9m
Receivables after one year
+€280,111
Receivables within one year
-€7.0m
Deferred charges and accrued income
-€1.9m
Provisions
-€7.2m
Trade debts
-€23.2m
Tax, wage and social debts
-€4.6m
Smaller working-capital items
-€136,278
Investment (derived)
-€3.5m
Investment in fixed assets (net)
-€3.5m
Financing
+€31.3m
Debts after one year
+€31.3m
Cash 2024
€12.6m
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,665,310,864 | €1,675,693,257 | +€10.4m | +0.6% |
| Fixed assets | 21/28 | €1,268,650,753 | €1,268,251,979 | -€398,774 | 0.0% |
| Intangible fixed assets | 21 | €6,124,080 | €5,906,094 | -€217,986 | -3.6% |
| Tangible fixed assets | 22/27 | €1,878,770 | €1,476,206 | -€402,564 | -21.4% |
| Furniture and vehicles | 24 | €1,838,786 | €1,472,578 | -€366,208 | -19.9% |
| Other tangible fixed assets | 26 | €39,984 | €3,628 | -€36,357 | -90.9% |
| Financial fixed assets | 28 | €1,260,647,903 | €1,260,869,680 | +€221,777 | 0.0% |
| Affiliated companies | 280/1 | €1,259,742,735 | €1,259,958,758 | +€216,023 | 0.0% |
| Participating interests | 280 | €1,259,742,735 | €1,259,958,758 | +€216,023 | 0.0% |
| Other financial fixed assets | 284/8 | €905,168 | €910,922 | +€5,754 | +0.6% |
| Amounts receivable and cash guarantees | 285/8 | €905,168 | €910,922 | +€5,754 | +0.6% |
| Current assets | 29/58 | €396,660,111 | €407,441,278 | +€10.8m | +2.7% |
| Amounts receivable after more than one year | 29 | €5,169,959 | €4,889,848 | -€280,111 | -5.4% |
| Other amounts receivable | 291 | €5,169,959 | €4,889,848 | -€280,111 | -5.4% |
| Amounts receivable within one year | 40/41 | €15,758,828 | €22,779,327 | +€7.0m | +44.5% |
| Trade receivables | 40 | €14,884,298 | €14,956,720 | +€72,422 | +0.5% |
| Other amounts receivable | 41 | €874,530 | €7,822,608 | +€6.9m | +794.5% |
| Current investments | 50/53 | €355,410,340 | €355,410,340 | = | 0.0% |
| Own shares | 50 | €355,410,340 | €355,410,340 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,478,066 | €12,624,415 | +€2.1m | +20.5% |
| Deferred charges and accrued income | 490/1 | €9,842,918 | €11,737,347 | +€1.9m | +19.2% |
| Total equity and liabilities | 10/49 | €1,665,310,864 | €1,675,693,257 | +€10.4m | +0.6% |
| Equity | 10/15 | €851,336,887 | €865,445,752 | +€14.1m | +1.7% |
| Contributions | 10/11 | €69,780,237 | €69,780,237 | = | 0.0% |
| Capital | 10 | €15,342,343 | €15,342,343 | = | 0.0% |
| Issued capital | 100 | €15,342,343 | €15,342,343 | = | 0.0% |
| Outside capital | 11 | €54,437,894 | €54,437,894 | = | 0.0% |
| Share premium | 1100/10 | €54,437,894 | €54,437,894 | = | 0.0% |
| Reserves | 13 | €356,994,575 | €356,994,575 | = | 0.0% |
| Non-distributable reserves | 130/1 | €356,994,575 | €356,994,575 | = | 0.0% |
| Legal reserve | 130 | €1,534,234 | €1,534,234 | = | 0.0% |
| Own shares acquired | 1312 | €355,410,340 | €355,410,340 | = | 0.0% |
| Other | 1319 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €424,562,076 | €438,670,940 | +€14.1m | +3.3% |
| Provisions and deferred taxes | 16 | €27,846,343 | €20,660,782 | -€7.2m | -25.8% |
| Provisions for liabilities and charges | 160/5 | €4,558 | - | -€4,558 | |
| Other liabilities and charges | 164/5 | €4,558 | - | -€4,558 | |
| Deferred taxes | 168 | €27,841,785 | €20,660,782 | -€7.2m | -25.8% |
| Amounts payable | 17/49 | €786,127,634 | €789,586,723 | +€3.5m | +0.4% |
| Amounts payable after more than one year | 17 | €554,693,056 | €586,013,889 | +€31.3m | +5.6% |
| Financial debts | 170/4 | €554,693,056 | €586,013,889 | +€31.3m | +5.6% |
| Other loans | 174 | €554,693,056 | €586,013,889 | +€31.3m | +5.6% |
| Amounts payable within one year | 42/48 | €231,358,599 | €203,572,834 | -€27.8m | -12.0% |
| Trade debts | 44 | €222,226,999 | €199,069,465 | -€23.2m | -10.4% |
| Suppliers | 440/4 | €222,226,999 | €199,069,465 | -€23.2m | -10.4% |
| Advances received on contracts in progress | 46 | €298 | - | -€298 | |
| Taxes, remuneration and social security | 45 | €9,063,977 | €4,496,044 | -€4.6m | -50.4% |
| Taxes | 450/3 | €8,375,672 | €3,756,962 | -€4.6m | -55.1% |
| Remuneration and social security | 454/9 | €688,305 | €739,083 | +€50,778 | +7.4% |
| Other amounts payable | 47/48 | €67,325 | €7,325 | -€60,000 | -89.1% |
| Accrued charges and deferred income | 492/3 | €75,980 | - | -€75,980 | |
| Operating income | 70/76A | €198,545,009 | €251,080,273 | +€52.5m | +26.5% |
| Turnover | 70 | €191,482,060 | €249,689,256 | +€58.2m | +30.4% |
| Own construction capitalised | 72 | €993,832 | €987,333 | -€6,500 | -0.7% |
| Other operating income | 74 | €6,069,116 | €403,685 | -€5.7m | -93.3% |
| Operating charges | 60/66A | €206,378,544 | €258,861,591 | +€52.5m | +25.4% |
| Services and other goods | 61 | €194,921,849 | €247,869,023 | +€52.9m | +27.2% |
| Remuneration, social security and pensions | 62 | €4,735,891 | €4,943,022 | +€207,131 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,852,178 | €3,907,334 | -€1.9m | -33.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€4,558 | -€4,558 | |
| Other operating charges | 640/8 | €684,121 | €1,633,928 | +€949,807 | +138.8% |
| Non-recurring operating charges | 66A | €184,505 | €512,843 | +€328,337 | +178.0% |
| Operating profit (loss) | 9901 | -€7,833,535 | -€7,781,318 | +€52,217 | +0.7% |
| Financial income | 75/76B | €26,084,513 | €102,619,610 | +€76.5m | +293.4% |
| Recurring financial income | 75 | €26,084,513 | €102,619,610 | +€76.5m | +293.4% |
| Income from financial fixed assets | 750 | €25,258,157 | €100,043,891 | +€74.8m | +296.1% |
| Other financial income | 752/9 | €826,356 | €2,575,719 | +€1.7m | +211.7% |
| Financial charges | 65/66B | €67,347,887 | €90,757,460 | +€23.4m | +34.8% |
| Recurring financial charges | 65 | €66,571,957 | €90,698,483 | +€24.1m | +36.2% |
| Debt charges | 650 | €44,830,957 | €57,443,198 | +€12.6m | +28.1% |
| Other financial charges | 652/9 | €21,741,000 | €33,255,285 | +€11.5m | +53.0% |
| Non-recurring financial charges | 66B | €775,930 | €58,977 | -€716,953 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,096,910 | €4,080,832 | +€53.2m | |
| Transfer from deferred taxes | 780 | - | €7,181,003 | +€7.2m | |
| Transfer to deferred taxes | 680 | €2,629,927 | - | -€2.6m | |
| Income taxes | 67/77 | €3,449,913 | -€2,847,029 | -€6.3m | |
| Taxes | 670/3 | €3,449,913 | €946,111 | -€2.5m | -72.6% |
| Tax adjustments and reversals of tax provisions | 77 | - | €3,793,140 | +€3.8m | |
| Profit (loss) for the period | 9904 | -€55,176,750 | €14,108,865 | +€69.3m | |
| Profit (loss) for the period to be appropriated | 9905 | -€55,176,750 | €14,108,865 | +€69.3m |
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 3 October 2026 via checked.be.