IGP Immo: 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 Immo
Largest movements
- Tangible fixed assets -€297,389
down €297,389 (-10.4%), from €2.9m to €2.6m
of which Leasing and similar rights: -€294,064
- Debts after one year -€349,343
down €349,343 (-16.9%), from €2.1m to €1.7m
- Profit (loss) carried forward +€131,812
up €131,812 (+39.9%), from -€330,511 to -€198,699
- Reserves -€41,327
down €41,327 (-6.3%), from €659,864 to €618,537
- Provisions -€40,890
down €40,890 (-26.3%), from €155,535 to €114,645
- Depreciation +€30,897
up €30,897 (+10.7%), from €290,082 to €320,979
- Gross operating margin +€22,243
up €22,243 (+4.7%), from €476,741 to €498,985
- Turnover +€15,288
up €15,288 (+3.2%), from €471,648 to €486,936
- Financial charges -€9,792
down €9,792 (-11.5%), from €85,116 to €75,324
- Purchases and services +€5,983
up €5,983 (+13.2%), from €45,294 to €51,278
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 | €2,926,818 | €2,646,355 | -€280,462 | -9.6% |
| Fixed assets | 21/28 | €2,855,147 | €2,557,758 | -€297,389 | -10.4% |
| Tangible fixed assets | 22/27 | €2,855,147 | €2,557,758 | -€297,389 | -10.4% |
| Land and buildings | 22 | €69,242 | €66,872 | -€2,370 | -3.4% |
| Leasing and similar rights | 25 | €2,614,396 | €2,320,332 | -€294,064 | -11.2% |
| Other tangible fixed assets | 26 | €171,509 | €170,554 | -€955 | -0.6% |
| Current assets | 29/58 | €71,671 | €88,598 | +€16,926 | +23.6% |
| Amounts receivable within one year | 40/41 | €66,673 | €82,456 | +€15,783 | +23.7% |
| Trade receivables | 40 | €61,691 | €61,369 | -€323 | -0.5% |
| Other amounts receivable | 41 | €4,982 | €21,087 | +€16,105 | +323% |
| Cash at bank and in hand | 54/58 | €4,998 | €6,142 | +€1,144 | +22.9% |
| Total equity and liabilities | 10/49 | €2,926,818 | €2,646,355 | -€280,462 | -9.6% |
| Equity | 10/15 | €390,853 | €481,337 | +€90,485 | +23.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €659,864 | €618,537 | -€41,327 | -6.3% |
| Tax-exempt reserves | 132 | €659,864 | €618,537 | -€41,327 | -6.3% |
| Profit (loss) carried forward | 14 | -€330,511 | -€198,699 | +€131,812 | +39.9% |
| Provisions and deferred taxes | 16 | €155,535 | €114,645 | -€40,890 | -26.3% |
| Deferred taxes | 168 | €155,535 | €114,645 | -€40,890 | -26.3% |
| Amounts payable | 17/49 | €2,380,430 | €2,050,373 | -€330,057 | -13.9% |
| Amounts payable after more than one year | 17 | €2,070,161 | €1,720,819 | -€349,343 | -16.9% |
| Financial debts | 170/4 | €2,070,161 | €1,720,819 | -€349,343 | -16.9% |
| Amounts payable within one year | 42/48 | €310,268 | €329,554 | +€19,286 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €303,676 | €313,354 | +€9,678 | +3.2% |
| Trade debts | 44 | €6,592 | €16,027 | +€9,434 | +143% |
| Suppliers | 440/4 | €6,592 | €16,027 | +€9,434 | +143% |
| Taxes, remuneration and social security | 45 | - | €173 | +€173 | |
| Taxes | 450/3 | - | €173 | +€173 | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Turnover | 70 | €471,648 | €486,936 | +€15,288 | +3.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €45,294 | €51,278 | +€5,983 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,082 | €320,979 | +€30,897 | +10.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €51,473 | €53,087 | +€1,614 | +3.1% |
| Gross operating margin | 9900 | €476,741 | €498,985 | +€22,243 | +4.7% |
| Operating profit (loss) | 9901 | €135,187 | €124,919 | -€10,268 | -7.6% |
| Financial charges | 65/66B | €85,116 | €75,324 | -€9,792 | -11.5% |
| Recurring financial charges | 65 | €85,116 | €75,324 | -€9,792 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €50,071 | €49,595 | -€476 | -1.0% |
| Transfer from deferred taxes | 780 | €40,890 | €40,890 | = | 0.0% |
| Profit (loss) for the period | 9904 | €90,961 | €90,485 | -€476 | -0.5% |
| Transfer from tax-exempt reserves | 789 | €41,327 | €41,327 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €132,287 | €131,812 | -€476 | -0.4% |
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 24 October 2026 via checked.be.