ICEBERGH 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.
ICEBERGH GROUP
Largest movements
- Tangible fixed assets -€17,288
down €17,288 (-33.7%), from €51,256 to €33,969
of which Furniture and vehicles: -€16,857
- Cash +€12,872
up €12,872 (+7.4%), from €174,566 to €187,438
mainly Net result for the year (+€61,331) and Depreciation (+€17,288)
- Current investments +€4,516
up €4,516 (+3.3%), from €138,490 to €143,006
- Reserves +€63,403
up €63,403 (+21.7%), from €292,288 to €355,691
- Profit (loss) carried forward -€36,135
down €36,135 (-100.0%), from €36,135 to €0
- Tax, wage and social debts -€16,993
down €16,993 (-53.5%), from €31,747 to €14,754
- Debts after one year -€11,035
down €11,035 (-89.1%), from €12,388 to €1,353
- Gross operating margin -€26,121
down €26,121 (-19.0%), from €137,741 to €111,620
- Financial charges +€7,226
up €7,226 (+670.0%), from €1,078 to €8,304
- Financial income -€6,354
down €6,354 (-76.6%), from €8,291 to €1,937
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €398,959 | €398,104 | -€855 | -0.2% |
| Fixed assets | 21/28 | €56,256 | €38,969 | -€17,288 | -30.7% |
| Tangible fixed assets | 22/27 | €51,256 | €33,969 | -€17,288 | -33.7% |
| Plant, machinery and equipment | 23 | €1,613 | €1,296 | -€317 | -19.7% |
| Furniture and vehicles | 24 | €48,951 | €32,094 | -€16,857 | -34.4% |
| Other tangible fixed assets | 26 | €692 | €579 | -€113 | -16.4% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €342,702 | €359,135 | +€16,433 | +4.8% |
| Amounts receivable within one year | 40/41 | €24,570 | €25,412 | +€842 | +3.4% |
| Trade receivables | 40 | €22,075 | €25,412 | +€3,338 | +15.1% |
| Other amounts receivable | 41 | €2,495 | €0 | -€2,495 | -100.0% |
| Current investments | 50/53 | €138,490 | €143,006 | +€4,516 | +3.3% |
| Cash at bank and in hand | 54/58 | €174,566 | €187,438 | +€12,872 | +7.4% |
| Deferred charges and accrued income | 490/1 | €5,077 | €3,279 | -€1,798 | -35.4% |
| Total equity and liabilities | 10/49 | €398,959 | €398,104 | -€855 | -0.2% |
| Equity | 10/15 | €334,623 | €361,891 | +€27,268 | +8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €292,288 | €355,691 | +€63,403 | +21.7% |
| Distributable reserves | 133 | €292,288 | €355,691 | +€63,403 | +21.7% |
| Profit (loss) carried forward | 14 | €36,135 | €0 | -€36,135 | -100.0% |
| Amounts payable | 17/49 | €64,336 | €36,213 | -€28,123 | -43.7% |
| Amounts payable after more than one year | 17 | €12,388 | €1,353 | -€11,035 | -89.1% |
| Financial debts | 170/4 | €12,388 | €1,353 | -€11,035 | -89.1% |
| Amounts payable within one year | 42/48 | €51,947 | €34,860 | -€17,087 | -32.9% |
| Current portion of amounts payable after more than one year | 42 | €12,162 | €11,466 | -€697 | -5.7% |
| Financial debts | 43 | €460 | €255 | -€205 | -44.5% |
| Credit institutions | 430/8 | €460 | €255 | -€205 | -44.5% |
| Trade debts | 44 | €983 | €565 | -€417 | -42.5% |
| Suppliers | 440/4 | €983 | €565 | -€417 | -42.5% |
| Taxes, remuneration and social security | 45 | €31,747 | €14,754 | -€16,993 | -53.5% |
| Taxes | 450/3 | €31,747 | €14,754 | -€16,993 | -53.5% |
| Other amounts payable | 47/48 | €6,596 | €7,820 | +€1,224 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,539 | €17,288 | -€1,251 | -6.7% |
| Other operating charges | 640/8 | €679 | €549 | -€130 | -19.1% |
| Gross operating margin | 9900 | €137,741 | €111,620 | -€26,121 | -19.0% |
| Operating profit (loss) | 9901 | €118,524 | €93,783 | -€24,740 | -20.9% |
| Financial income | 75/76B | €8,291 | €1,937 | -€6,354 | -76.6% |
| Recurring financial income | 75 | €8,291 | €1,937 | -€6,354 | -76.6% |
| Financial charges | 65/66B | €1,078 | €8,304 | +€7,226 | +670.0% |
| Recurring financial charges | 65 | €1,078 | €8,304 | +€7,226 | +670.0% |
| Profit (loss) for the period before taxes | 9903 | €125,736 | €87,416 | -€38,321 | -30.5% |
| Income taxes | 67/77 | €26,943 | €26,085 | -€858 | -3.2% |
| Profit (loss) for the period | 9904 | €98,793 | €61,331 | -€37,463 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €98,793 | €61,331 | -€37,463 | -37.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.