IGLOO: 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.
IGLOO
Largest movements
- Cash -€5,793
down €5,793 (-78.4%), from €7,393 to €1,600
mainly Contributions, distributions and other (-€35,990) and Net result for the year (-€17,949)
- Tangible fixed assets -€3,608
down €3,608 (-1.5%), from €239,852 to €236,244
of which Plant, machinery and equipment: -€3,608
- Other debts +€39,288
up €39,288 (+34.8%), from €112,997 to €152,285
- Reserves -€35,990
down €35,990 (-44.1%), from €81,565 to €45,575
of which Distributable reserves: -€35,990
- Profit (loss) carried forward -€17,949
down €17,949 (-248.2%), from -€7,233 to -€25,182
- Accrued charges and deferred income +€6,845
up €6,845 (+329.6%), from €2,077 to €8,921
- Gross operating margin -€11,775
down €11,775 (-74.2%), from €15,865 to €4,089
- Financial charges +€6,707
up €6,707 (+275.1%), from €2,438 to €9,145
- Taxes -€1,675
no longer reported in 2025 (was €1,675)
- Depreciation +€463
up €463 (+5.3%), from €8,784 to €9,246
- Financial income -€344
down €344 (-100.0%), from €344 to €0
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 | €253,555 | €244,230 | -€9,325 | -3.7% |
| Fixed assets | 21/28 | €239,852 | €236,244 | -€3,608 | -1.5% |
| Tangible fixed assets | 22/27 | €239,852 | €236,244 | -€3,608 | -1.5% |
| Land and buildings | 22 | €175,979 | €175,979 | = | 0.0% |
| Plant, machinery and equipment | 23 | €63,873 | €60,265 | -€3,608 | -5.6% |
| Current assets | 29/58 | €13,703 | €7,986 | -€5,717 | -41.7% |
| Cash at bank and in hand | 54/58 | €7,393 | €1,600 | -€5,793 | -78.4% |
| Deferred charges and accrued income | 490/1 | €6,310 | €6,386 | +€75 | +1.2% |
| Total equity and liabilities | 10/49 | €253,555 | €244,230 | -€9,325 | -3.7% |
| Equity | 10/15 | €136,332 | €82,393 | -€53,939 | -39.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €81,565 | €45,575 | -€35,990 | -44.1% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,024 | €12,024 | = | 0.0% |
| Distributable reserves | 133 | €63,341 | €27,351 | -€35,990 | -56.8% |
| Profit (loss) carried forward | 14 | -€7,233 | -€25,182 | -€17,949 | -248.2% |
| Amounts payable | 17/49 | €117,223 | €161,837 | +€44,613 | +38.1% |
| Amounts payable within one year | 42/48 | €115,146 | €152,915 | +€37,769 | +32.8% |
| Trade debts | 44 | €474 | €630 | +€156 | +32.8% |
| Suppliers | 440/4 | €474 | €630 | +€156 | +32.8% |
| Taxes, remuneration and social security | 45 | €1,675 | - | -€1,675 | |
| Taxes | 450/3 | €1,675 | - | -€1,675 | |
| Other amounts payable | 47/48 | €112,997 | €152,285 | +€39,288 | +34.8% |
| Accrued charges and deferred income | 492/3 | €2,077 | €8,921 | +€6,845 | +329.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,784 | €9,246 | +€463 | +5.3% |
| Other operating charges | 640/8 | €3,688 | €3,646 | -€41 | -1.1% |
| Gross operating margin | 9900 | €15,865 | €4,089 | -€11,775 | -74.2% |
| Operating profit (loss) | 9901 | €3,394 | -€8,804 | -€12,197 | |
| Financial income | 75/76B | €344 | €0 | -€344 | -100.0% |
| Recurring financial income | 75 | €344 | €0 | -€344 | -100.0% |
| Financial charges | 65/66B | €2,438 | €9,145 | +€6,707 | +275.1% |
| Recurring financial charges | 65 | €2,438 | €9,145 | +€6,707 | +275.1% |
| Profit (loss) for the period before taxes | 9903 | €1,299 | -€17,949 | -€19,248 | |
| Income taxes | 67/77 | €1,675 | - | -€1,675 | |
| Profit (loss) for the period | 9904 | -€375 | -€17,949 | -€17,573 | -4682.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€375 | -€17,949 | -€17,573 | -4682.4% |
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 29 September 2026 via checked.be.