IGLAN: 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.
IGLAN
Largest movements
- Current investments +€401,543
new in 2025: €401,543
- Cash -€149,146
down €149,146 (-17.6%), from €849,265 to €700,120
mainly Current investments (-€401,543) and Contributions, distributions and other (-€258,263)
- Tangible fixed assets -€132,499
down €132,499 (-6.3%), from €2.1m to €2.0m
of which Land and buildings: -€72,635
- Reserves +€275,146
up €275,146 (+12.5%), from €2.2m to €2.5m
- Debts after one year -€145,746
down €145,746 (-42.7%), from €341,593 to €195,848
of which Financial debts: -€145,746
- Tax, wage and social debts +€31,502
up €31,502 (+25.7%), from €122,622 to €154,123
- Depreciation -€40,751
down €40,751 (-26.5%), from €153,738 to €112,987
- Taxes +€20,271
up €20,271 (+9.0%), from €224,008 to €244,279
- Gross operating margin +€13,436
up €13,436 (+1.5%), from €883,365 to €896,801
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.
Cash bridge derived
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 | €2,967,389 | €3,115,386 | +€147,996 | +5.0% |
| Fixed assets | 21/28 | €2,096,944 | €1,964,445 | -€132,499 | -6.3% |
| Tangible fixed assets | 22/27 | €2,095,945 | €1,963,446 | -€132,499 | -6.3% |
| Land and buildings | 22 | €2,007,633 | €1,934,998 | -€72,635 | -3.6% |
| Furniture and vehicles | 24 | €45,361 | €28,448 | -€16,912 | -37.3% |
| Other tangible fixed assets | 26 | €42,951 | €0 | -€42,951 | -100.0% |
| Financial fixed assets | 28 | €999 | €999 | = | 0.0% |
| Current assets | 29/58 | €870,445 | €1,150,940 | +€280,495 | +32.2% |
| Amounts receivable within one year | 40/41 | €12,981 | €39,893 | +€26,912 | +207.3% |
| Trade receivables | 40 | €12,885 | €8,776 | -€4,109 | -31.9% |
| Other amounts receivable | 41 | €96 | €31,117 | +€31,021 | +32172.8% |
| Current investments | 50/53 | - | €401,543 | +€401,543 | |
| Cash at bank and in hand | 54/58 | €849,265 | €700,120 | -€149,146 | -17.6% |
| Deferred charges and accrued income | 490/1 | €8,199 | €9,385 | +€1,186 | +14.5% |
| Total equity and liabilities | 10/49 | €2,967,389 | €3,115,386 | +€147,996 | +5.0% |
| Equity | 10/15 | €2,322,895 | €2,598,041 | +€275,146 | +11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,201,477 | €2,476,623 | +€275,146 | +12.5% |
| Distributable reserves | 133 | €2,201,477 | €2,476,623 | +€275,146 | +12.5% |
| Profit (loss) carried forward | 14 | €115,218 | €115,218 | = | 0.0% |
| Amounts payable | 17/49 | €644,495 | €517,345 | -€127,150 | -19.7% |
| Amounts payable after more than one year | 17 | €341,593 | €195,848 | -€145,746 | -42.7% |
| Financial debts | 170/4 | €339,233 | €193,488 | -€145,746 | -43.0% |
| Other amounts payable | 178/9 | €2,360 | €2,360 | = | 0.0% |
| Amounts payable within one year | 42/48 | €302,901 | €321,497 | +€18,596 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €143,141 | €145,746 | +€2,604 | +1.8% |
| Financial debts | 43 | - | €208 | +€208 | |
| Credit institutions | 430/8 | - | €208 | +€208 | |
| Trade debts | 44 | €19,083 | €21,420 | +€2,337 | +12.2% |
| Suppliers | 440/4 | €19,083 | €21,420 | +€2,337 | +12.2% |
| Taxes, remuneration and social security | 45 | €122,622 | €154,123 | +€31,502 | +25.7% |
| Taxes | 450/3 | €122,622 | €154,123 | +€31,502 | +25.7% |
| Other amounts payable | 47/48 | €18,055 | €0 | -€18,055 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €153,738 | €112,987 | -€40,751 | -26.5% |
| Other operating charges | 640/8 | €9,339 | €9,157 | -€182 | -1.9% |
| Gross operating margin | 9900 | €883,365 | €896,801 | +€13,436 | +1.5% |
| Operating profit (loss) | 9901 | €720,289 | €774,658 | +€54,369 | +7.5% |
| Financial income | 75/76B | €2,820 | €10,739 | +€7,920 | +280.9% |
| Recurring financial income | 75 | €2,820 | €10,739 | +€7,920 | +280.9% |
| Financial charges | 65/66B | €10,208 | €7,709 | -€2,499 | -24.5% |
| Recurring financial charges | 65 | €10,208 | €7,709 | -€2,499 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €712,901 | €777,689 | +€64,788 | +9.1% |
| Income taxes | 67/77 | €224,008 | €244,279 | +€20,271 | +9.0% |
| Profit (loss) for the period | 9904 | €488,892 | €533,409 | +€44,517 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €488,892 | €533,409 | +€44,517 | +9.1% |
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 8 October 2026 via checked.be.