IGLOO Architects: 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 Architects
Largest movements
- Receivables within one year -€22,904
down €22,904 (-74.0%), from €30,962 to €8,059
of which Trade receivables: -€24,498
- Deferred charges and accrued income -€10,299
no longer reported in 2025 (was €10,299)
- Tangible fixed assets -€5,561
down €5,561 (-29.7%), from €18,737 to €13,175
of which Furniture and vehicles: -€4,260
- Cash -€5,386
no longer reported in 2025 (was €5,386)
mainly Net result for the year (-€36,217) and Current portion of long-term debt (-€13,972)
- Intangible fixed assets +€3,192
up €3,192 (+95.2%), from €3,353 to €6,545
- Profit (loss) carried forward -€36,217
down €36,217 (-144.5%), from -€25,060 to -€61,277
- Current portion of long-term debt -€13,972
down €13,972 (-97.6%), from €14,311 to €339
- Advances received +€12,491
new in 2025: €12,491
- Tax, wage and social debts -€9,196
down €9,196 (-68.0%), from €13,517 to €4,322
- Trade debts +€3,352
up €3,352 (+119.0%), from €2,816 to €6,168
- Gross operating margin -€39,295
down €39,295, from €15,030 to -€24,265
- Depreciation +€2,532
up €2,532 (+37.1%), from €6,828 to €9,360
- Taxes -€1,803
no longer reported in 2025 (was €1,803)
- Other operating charges -€1,193
down €1,193 (-60.0%), from €1,988 to €795
- Financial charges -€277
down €277 (-13.3%), from €2,073 to €1,797
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 | €68,738 | €27,779 | -€40,959 | -59.6% |
| Fixed assets | 21/28 | €22,090 | €19,721 | -€2,370 | -10.7% |
| Intangible fixed assets | 21 | €3,353 | €6,545 | +€3,192 | +95.2% |
| Tangible fixed assets | 22/27 | €18,737 | €13,175 | -€5,561 | -29.7% |
| Land and buildings | 22 | €531 | €292 | -€239 | -45.1% |
| Plant, machinery and equipment | 23 | €1,287 | €224 | -€1,063 | -82.6% |
| Furniture and vehicles | 24 | €7,449 | €3,190 | -€4,260 | -57.2% |
| Other tangible fixed assets | 26 | €9,470 | €9,470 | = | 0.0% |
| Current assets | 29/58 | €46,648 | €8,059 | -€38,589 | -82.7% |
| Amounts receivable within one year | 40/41 | €30,962 | €8,059 | -€22,904 | -74.0% |
| Trade receivables | 40 | €30,962 | €6,464 | -€24,498 | -79.1% |
| Other amounts receivable | 41 | - | €1,595 | +€1,595 | |
| Cash at bank and in hand | 54/58 | €5,386 | - | -€5,386 | |
| Deferred charges and accrued income | 490/1 | €10,299 | - | -€10,299 | |
| Total equity and liabilities | 10/49 | €68,738 | €27,779 | -€40,959 | -59.6% |
| Equity | 10/15 | €2,208 | -€34,009 | -€36,217 | |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €2,479 | €2,479 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,060 | -€61,277 | -€36,217 | -144.5% |
| Amounts payable | 17/49 | €66,530 | €61,788 | -€4,742 | -7.1% |
| Amounts payable after more than one year | 17 | €30,000 | €30,000 | = | 0.0% |
| Financial debts | 170/4 | €30,000 | €30,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €36,530 | €31,788 | -€4,742 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €14,311 | €339 | -€13,972 | -97.6% |
| Trade debts | 44 | €2,816 | €6,168 | +€3,352 | +119.0% |
| Suppliers | 440/4 | €2,816 | €6,168 | +€3,352 | +119.0% |
| Advances received on contracts in progress | 46 | - | €12,491 | +€12,491 | |
| Taxes, remuneration and social security | 45 | €13,517 | €4,322 | -€9,196 | -68.0% |
| Taxes | 450/3 | €13,517 | €4,322 | -€9,196 | -68.0% |
| Other amounts payable | 47/48 | €5,886 | €8,468 | +€2,582 | +43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,828 | €9,360 | +€2,532 | +37.1% |
| Other operating charges | 640/8 | €1,988 | €795 | -€1,193 | -60.0% |
| Gross operating margin | 9900 | €15,030 | -€24,265 | -€39,295 | |
| Operating profit (loss) | 9901 | €6,215 | -€34,420 | -€40,635 | |
| Financial income | 75/76B | €31 | €0 | -€31 | -99.9% |
| Recurring financial income | 75 | €31 | €0 | -€31 | -99.9% |
| Financial charges | 65/66B | €2,073 | €1,797 | -€277 | -13.3% |
| Recurring financial charges | 65 | €2,073 | €1,797 | -€277 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €4,173 | -€36,217 | -€40,389 | |
| Income taxes | 67/77 | €1,803 | - | -€1,803 | |
| Profit (loss) for the period | 9904 | €2,370 | -€36,217 | -€38,586 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,370 | -€36,217 | -€38,586 |
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 5 October 2026 via checked.be.