IGLF: 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.
IGLF
Largest movements
- Tangible fixed assets -€38,108
down €38,108 (-5.6%), from €685,829 to €647,721
of which Land and buildings: -€20,993
- Debts after one year -€59,613
down €59,613 (-21.5%), from €277,232 to €217,618
- Gross operating margin +€11,111
up €11,111 (+18.2%), from €61,073 to €72,184
- Financial charges +€6,359
up €6,359 (+47.4%), from €13,429 to €19,788
- Depreciation -€5,061
down €5,061 (-11.7%), from €43,170 to €38,108
- Taxes +€3,191
up €3,191 (+25123.5%), from €13 to €3,203
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 | €699,948 | €665,282 | -€34,666 | -5.0% |
| Fixed assets | 21/28 | €685,829 | €647,721 | -€38,108 | -5.6% |
| Tangible fixed assets | 22/27 | €685,829 | €647,721 | -€38,108 | -5.6% |
| Land and buildings | 22 | €454,471 | €433,478 | -€20,993 | -4.6% |
| Plant, machinery and equipment | 23 | €101,129 | €84,013 | -€17,115 | -16.9% |
| Other tangible fixed assets | 26 | €130,230 | €130,230 | = | 0.0% |
| Current assets | 29/58 | €14,119 | €17,561 | +€3,443 | +24.4% |
| Cash at bank and in hand | 54/58 | €11,101 | €14,233 | +€3,131 | +28.2% |
| Deferred charges and accrued income | 490/1 | €3,017 | €3,329 | +€311 | +10.3% |
| Total equity and liabilities | 10/49 | €699,948 | €665,282 | -€34,666 | -5.0% |
| Equity | 10/15 | €169,111 | €175,519 | +€6,407 | +3.8% |
| Contributions | 10/11 | €60,060 | €60,060 | = | 0.0% |
| Outside capital | 11 | €60,060 | - | -€60,060 | |
| Share premium | 1100/10 | €60,060 | - | -€60,060 | |
| Revaluation surpluses | 12 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €57,598 | €57,598 | = | 0.0% |
| Tax-exempt reserves | 132 | €57,598 | €57,598 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,453 | €37,860 | +€6,407 | +20.4% |
| Provisions and deferred taxes | 16 | €19,199 | €19,199 | = | 0.0% |
| Deferred taxes | 168 | €19,199 | €19,199 | = | 0.0% |
| Amounts payable | 17/49 | €511,637 | €470,564 | -€41,073 | -8.0% |
| Amounts payable after more than one year | 17 | €277,232 | €217,618 | -€59,613 | -21.5% |
| Financial debts | 170/4 | €277,232 | €217,618 | -€59,613 | -21.5% |
| Amounts payable within one year | 42/48 | €234,405 | €252,946 | +€18,540 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €54,612 | €59,613 | +€5,000 | +9.2% |
| Trade debts | 44 | €264 | €1,603 | +€1,339 | +506.4% |
| Suppliers | 440/4 | €264 | €1,603 | +€1,339 | +506.4% |
| Taxes, remuneration and social security | 45 | - | €6,828 | +€6,828 | |
| Taxes | 450/3 | - | €6,828 | +€6,828 | |
| Other amounts payable | 47/48 | €179,528 | €184,901 | +€5,373 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,170 | €38,108 | -€5,061 | -11.7% |
| Other operating charges | 640/8 | €4,609 | €4,677 | +€68 | +1.5% |
| Gross operating margin | 9900 | €61,073 | €72,184 | +€11,111 | +18.2% |
| Operating profit (loss) | 9901 | €13,294 | €29,399 | +€16,105 | +121.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €13,429 | €19,788 | +€6,359 | +47.4% |
| Recurring financial charges | 65 | €13,429 | €19,788 | +€6,359 | +47.4% |
| Profit (loss) for the period before taxes | 9903 | -€135 | €9,611 | +€9,745 | |
| Income taxes | 67/77 | €13 | €3,203 | +€3,191 | +25123.5% |
| Profit (loss) for the period | 9904 | -€148 | €6,407 | +€6,555 | |
| Profit (loss) for the period to be appropriated | 9905 | -€148 | €6,407 | +€6,555 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.