Igelmondermühle: 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.
Igelmondermühle
Largest movements
- Tangible fixed assets -€7,838
down €7,838 (-2.1%), from €367,253 to €359,414
of which Land and buildings: -€18,416
- Stocks and contracts +€6,579
new in 2025: €6,579
- Debts after one year -€18,061
down €18,061 (-4.1%), from €443,953 to €425,892
of which Financial debts: -€19,684
- Profit (loss) carried forward +€13,020
up €13,020 (+10.1%), from -€129,293 to -€116,273
- Gross operating margin +€24,135
up €24,135 (+79.7%), from €30,286 to €54,421
- Depreciation -€7,629
down €7,629 (-20.8%), from €36,629 to €29,001
- Financial charges -€1,588
down €1,588 (-13.4%), from €11,810 to €10,223
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 | €379,474 | €376,420 | -€3,054 | -0.8% |
| Fixed assets | 21/28 | €367,253 | €359,814 | -€7,438 | -2.0% |
| Tangible fixed assets | 22/27 | €367,253 | €359,414 | -€7,838 | -2.1% |
| Land and buildings | 22 | €317,580 | €299,164 | -€18,416 | -5.8% |
| Plant, machinery and equipment | 23 | €4,320 | €6,235 | +€1,915 | +44.3% |
| Furniture and vehicles | 24 | €45,353 | €54,016 | +€8,663 | +19.1% |
| Financial fixed assets | 28 | - | €400 | +€400 | |
| Current assets | 29/58 | €12,221 | €16,606 | +€4,385 | +35.9% |
| Stocks and contracts in progress | 3 | - | €6,579 | +€6,579 | |
| Stocks | 30/36 | - | €6,579 | +€6,579 | |
| Amounts receivable within one year | 40/41 | €3,857 | €1,389 | -€2,468 | -64.0% |
| Trade receivables | 40 | €3,676 | €1,208 | -€2,468 | -67.1% |
| Other amounts receivable | 41 | €181 | €181 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,632 | €7,306 | +€674 | +10.2% |
| Deferred charges and accrued income | 490/1 | €1,733 | €1,333 | -€400 | -23.1% |
| Total equity and liabilities | 10/49 | €379,474 | €376,420 | -€3,054 | -0.8% |
| Equity | 10/15 | -€105,693 | -€92,673 | +€13,020 | +12.3% |
| Contributions | 10/11 | €23,600 | €23,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,293 | -€116,273 | +€13,020 | +10.1% |
| Amounts payable | 17/49 | €485,167 | €469,093 | -€16,074 | -3.3% |
| Amounts payable after more than one year | 17 | €443,953 | €425,892 | -€18,061 | -4.1% |
| Financial debts | 170/4 | €228,070 | €208,386 | -€19,684 | -8.6% |
| Other amounts payable | 178/9 | €215,883 | €217,507 | +€1,624 | +0.8% |
| Amounts payable within one year | 42/48 | €41,214 | €43,201 | +€1,987 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €17,245 | €18,934 | +€1,689 | +9.8% |
| Trade debts | 44 | €5,083 | €5,794 | +€711 | +14.0% |
| Suppliers | 440/4 | €5,083 | €5,794 | +€711 | +14.0% |
| Advances received on contracts in progress | 46 | €18,578 | €18,005 | -€573 | -3.1% |
| Taxes, remuneration and social security | 45 | €309 | €468 | +€159 | +51.4% |
| Taxes | 450/3 | €309 | €468 | +€159 | +51.4% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Non-recurring operating income | 76A | €0 | €15,324 | +€15,324 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,629 | €29,001 | -€7,629 | -20.8% |
| Other operating charges | 640/8 | €1,751 | €1,878 | +€126 | +7.2% |
| Gross operating margin | 9900 | €30,286 | €54,421 | +€24,135 | +79.7% |
| Operating profit (loss) | 9901 | -€8,095 | €23,542 | +€31,637 | |
| Financial income | 75/76B | €0 | €6 | +€6 | +29,250% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +29,250% |
| Financial charges | 65/66B | €11,810 | €10,223 | -€1,588 | -13.4% |
| Recurring financial charges | 65 | €11,810 | €10,223 | -€1,588 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,905 | €13,325 | +€33,230 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€19,905 | €13,325 | +€33,230 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,905 | €13,325 | +€33,230 |
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 17 October 2026 via checked.be.