IGLO BELGIUM: what changed
What changed
IGLO BELGIUM
NACE 46.391, Wholesale trade
filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €2.0m-€772,671
Equity
€33.3m
2024 · €32.1m+€1.2m
Cash
€38.3m
2024 · €41.2m-€2.9m
Balance sheet total
€63.2m
2024 · €61.2m+€2.0m
Largest movements
Assets
- Receivables within one year +€8.4m
up €8.4m (+127%), from €6.6m to €15.1m
of which Trade receivables: +€8.8m
- Intangible fixed assets -€3.8m
down €3.8m (-54.6%), from €7.0m to €3.2m
- Cash -€2.9m
down €2.9m (-7.1%), from €41.2m to €38.3m
mainly Receivables within one year (-€8.4m) and Tax, wage and social debts (-€396,726)
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+68.4%), from -€1.8m to -€566,023
Income statement
- Turnover -€6.1m
down €6.1m (-7.3%), from €84.4m to €78.3m
- Services and other goods -€5.2m
down €5.2m (-16.6%), from €31.4m to €26.2m
- Goods and materials -€3.3m
down €3.3m (-7.4%), from €44.7m to €41.3m
of which Purchases: -€3.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.0m
Turnover
-€6.1m
Other operating income
-€459,776
Goods and materials
+€3.3m
Services and other goods
+€5.2m
Staff costs
-€273,795
Depreciation
+€3,478
Write-downs
-€292,480
Provisions
-€340,433
Other operating charges
-€75,246
Other operating items
-€1.6m
Financial income
-€460,384
Financial charges
+€177,574
Taxes
+€108,338
Result 2025
€1.2m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€2.8m
Investment
-€116,525
Financing
€0
Cash 2024
€41.2m
From operations (derived)
-€2.8m
Net result for the year
+€1.2m
Depreciation
+€3.9m
Stocks and contracts
-€300,329
Receivables within one year
-€8.4m
Deferred charges and accrued income
+€39,393
Provisions
+€340,433
Trade debts
+€562,061
Tax, wage and social debts
-€396,726
Other debts
+€197,899
Accrued charges and deferred income
+€107,033
Investment (derived)
-€116,525
Investment in fixed assets (net)
-€116,525
Cash 2025
€38.3m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,161,589 | €63,198,234 | +€2.0m | +3.3% |
| Fixed assets | 21/28 | €7,059,847 | €3,320,408 | -€3.7m | -53.0% |
| Intangible fixed assets | 21 | €7,018,015 | €3,189,054 | -€3.8m | -54.6% |
| Tangible fixed assets | 22/27 | €41,832 | €131,354 | +€89,522 | +214% |
| Furniture and vehicles | 24 | €38,496 | €27,427 | -€11,069 | -28.8% |
| Other tangible fixed assets | 26 | €3,336 | €103,927 | +€100,591 | +3,015% |
| Current assets | 29/58 | €54,101,742 | €59,877,826 | +€5.8m | +10.7% |
| Stocks and contracts in progress | 3 | €6,147,558 | €6,447,887 | +€300,329 | +4.9% |
| Stocks | 30/36 | €6,147,558 | €6,447,887 | +€300,329 | +4.9% |
| Goods purchased for resale | 34 | €6,147,558 | €6,447,887 | +€300,329 | +4.9% |
| Amounts receivable within one year | 40/41 | €6,640,332 | €15,067,415 | +€8.4m | +127% |
| Trade receivables | 40 | €6,039,712 | €14,852,686 | +€8.8m | +146% |
| Other amounts receivable | 41 | €600,620 | €214,728 | -€385,892 | -64.2% |
| Cash at bank and in hand | 54/58 | €41,216,399 | €38,304,465 | -€2.9m | -7.1% |
| Deferred charges and accrued income | 490/1 | €97,452 | €58,060 | -€39,393 | -40.4% |
| Total equity and liabilities | 10/49 | €61,161,589 | €63,198,234 | +€2.0m | +3.3% |
| Equity | 10/15 | €32,101,366 | €33,327,311 | +€1.2m | +3.8% |
| Contributions | 10/11 | €33,893,333 | €33,893,333 | = | 0.0% |
| Capital | 10 | €33,893,333 | €33,893,333 | = | 0.0% |
| Issued capital | 100 | €33,893,333 | €33,893,333 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,791,967 | -€566,023 | +€1.2m | +68.4% |
| Provisions and deferred taxes | 16 | - | €340,433 | +€340,433 | |
| Provisions for liabilities and charges | 160/5 | - | €340,433 | +€340,433 | |
| Other liabilities and charges | 164/5 | - | €340,433 | +€340,433 | |
| Amounts payable | 17/49 | €29,060,222 | €29,530,491 | +€470,268 | +1.6% |
| Amounts payable within one year | 42/48 | €29,052,438 | €29,415,673 | +€363,235 | +1.3% |
| Trade debts | 44 | €27,220,432 | €27,782,494 | +€562,061 | +2.1% |
| Suppliers | 440/4 | €27,220,432 | €27,782,494 | +€562,061 | +2.1% |
| Taxes, remuneration and social security | 45 | €1,832,006 | €1,435,280 | -€396,726 | -21.7% |
| Taxes | 450/3 | €178,133 | €221,483 | +€43,350 | +24.3% |
| Remuneration and social security | 454/9 | €1,653,873 | €1,213,798 | -€440,076 | -26.6% |
| Other amounts payable | 47/48 | - | €197,899 | +€197,899 | |
| Accrued charges and deferred income | 492/3 | €7,784 | €114,817 | +€107,033 | +1,375% |
| Operating income | 70/76A | €87,304,484 | €79,137,133 | -€8.2m | -9.4% |
| Turnover | 70 | €84,401,138 | €78,281,010 | -€6.1m | -7.3% |
| Other operating income | 74 | €1,315,899 | €856,123 | -€459,776 | -34.9% |
| Non-recurring operating income | 76A | €1,587,447 | €0 | -€1.6m | -100% |
| Operating charges | 60/66A | €85,532,915 | €77,963,764 | -€7.6m | -8.8% |
| Goods for resale, raw materials and consumables | 60 | €44,672,569 | €41,347,544 | -€3.3m | -7.4% |
| Purchases | 600/8 | €45,286,761 | €41,701,927 | -€3.6m | -7.9% |
| Change in stocks: decrease (increase) | 609 | -€614,192 | -€354,383 | +€259,809 | +42.3% |
| Services and other goods | 61 | €31,433,817 | €26,211,216 | -€5.2m | -16.6% |
| Remuneration, social security and pensions | 62 | €5,318,226 | €5,592,021 | +€273,795 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,859,441 | €3,855,963 | -€3,478 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,242 | €302,722 | +€292,480 | +2,856% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €340,433 | +€340,433 | |
| Other operating charges | 640/8 | €238,619 | €313,865 | +€75,246 | +31.5% |
| Operating profit (loss) | 9901 | €1,771,569 | €1,173,369 | -€598,200 | -33.8% |
| Financial income | 75/76B | €1,197,362 | €736,978 | -€460,384 | -38.4% |
| Recurring financial income | 75 | €1,197,362 | €736,978 | -€460,384 | -38.4% |
| Income from current assets | 751 | €1,196,539 | €736,884 | -€459,655 | -38.4% |
| Other financial income | 752/9 | €823 | €94 | -€728 | -88.5% |
| Financial charges | 65/66B | €301,525 | €123,951 | -€177,574 | -58.9% |
| Recurring financial charges | 65 | €301,525 | €123,951 | -€177,574 | -58.9% |
| Debt charges | 650 | €295,407 | €123,951 | -€171,456 | -58.0% |
| Other financial charges | 652/9 | €6,118 | €0 | -€6,118 | -100% |
| Profit (loss) for the period before taxes | 9903 | €2,667,405 | €1,786,396 | -€881,009 | -33.0% |
| Income taxes | 67/77 | €668,790 | €560,452 | -€108,338 | -16.2% |
| Taxes | 670/3 | €711,564 | €565,244 | -€146,320 | -20.6% |
| Tax adjustments and reversals of tax provisions | 77 | €42,774 | €4,792 | -€37,982 | -88.8% |
| Profit (loss) for the period | 9904 | €1,998,616 | €1,225,944 | -€772,671 | -38.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,998,616 | €1,225,944 | -€772,671 | -38.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.