IGLOO STUDIO: 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 STUDIO
Largest movements
- Cash -€127,152
down €127,152 (-39.2%), from €324,451 to €197,299
mainly Accrued charges and deferred income (-€103,017) and Investment in fixed assets (net) (-€62,072)
- Tangible fixed assets +€30,012
up €30,012 (+59.0%), from €50,846 to €80,859
of which Plant, machinery and equipment: +€29,053
- Receivables within one year -€5,556
down €5,556 (-7.8%), from €71,088 to €65,532
of which Trade receivables: -€8,302
- Accrued charges and deferred income -€103,017
down €103,017 (-53.3%), from €193,429 to €90,411
- Turnover -€73,736
down €73,736 (-85.1%), from €86,690 to €12,954
- Gross operating margin +€46,649
up €46,649 (+82.5%), from €56,577 to €103,227
- Staff costs +€30,394
up €30,394 (+76.1%), from €39,955 to €70,348
- Purchases and services -€14,448
down €14,448 (-48.7%), from €29,682 to €15,234
- Depreciation +€12,145
up €12,145 (+61.0%), from €19,915 to €32,060
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €447,485 | €344,829 | -€102,656 | -22.9% |
| Fixed assets | 21/28 | €50,846 | €80,859 | +€30,012 | +59.0% |
| Tangible fixed assets | 22/27 | €50,846 | €80,859 | +€30,012 | +59.0% |
| Land and buildings | 22 | €3,118 | €4,077 | +€959 | +30.8% |
| Plant, machinery and equipment | 23 | €47,438 | €76,491 | +€29,053 | +61.2% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Leasing and similar rights | 25 | €148 | - | -€148 | |
| Other tangible fixed assets | 26 | €143 | €148 | +€5 | +3.5% |
| Assets under construction and advance payments | 27 | - | €143 | +€143 | |
| Current assets | 29/58 | €396,639 | €263,971 | -€132,668 | -33.4% |
| Stocks and contracts in progress | 3 | €869 | €869 | = | 0.0% |
| Contracts in progress | 37 | €869 | €869 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €71,088 | €65,532 | -€5,556 | -7.8% |
| Trade receivables | 40 | €51,569 | €43,268 | -€8,302 | -16.1% |
| Other amounts receivable | 41 | €19,518 | €22,264 | +€2,746 | +14.1% |
| Cash at bank and in hand | 54/58 | €324,451 | €197,299 | -€127,152 | -39.2% |
| Deferred charges and accrued income | 490/1 | €231 | €270 | +€40 | +17.3% |
| Total equity and liabilities | 10/49 | €447,485 | €344,829 | -€102,656 | -22.9% |
| Equity | 10/15 | €166,487 | €167,306 | +€819 | +0.5% |
| Contributions | 10/11 | €37,646 | €37,645 | -€0 | 0.0% |
| Capital | 10 | €37,646 | €37,645 | -€0 | 0.0% |
| Issued capital | 100 | €37,646 | €37,645 | -€0 | 0.0% |
| Reserves | 13 | €3,766 | €3,766 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,766 | €3,766 | = | 0.0% |
| Legal reserve | 130 | €3,766 | €3,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,076 | €125,895 | +€819 | +0.7% |
| Amounts payable | 17/49 | €280,998 | €177,523 | -€103,474 | -36.8% |
| Amounts payable after more than one year | 17 | €2,759 | €2,759 | = | 0.0% |
| Financial debts | 170/4 | €2,759 | €2,759 | = | 0.0% |
| Amounts payable within one year | 42/48 | €84,810 | €84,353 | -€457 | -0.5% |
| Trade debts | 44 | €1,441 | €983 | -€457 | -31.7% |
| Suppliers | 440/4 | €1,441 | €983 | -€457 | -31.7% |
| Taxes, remuneration and social security | 45 | €82,984 | €82,984 | = | 0.0% |
| Remuneration and social security | 454/9 | €82,984 | €82,984 | = | 0.0% |
| Other amounts payable | 47/48 | €386 | €386 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €193,429 | €90,411 | -€103,017 | -53.3% |
| Turnover | 70 | €86,690 | €12,954 | -€73,736 | -85.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,682 | €15,234 | -€14,448 | -48.7% |
| Remuneration, social security and pensions | 62 | €39,955 | €70,348 | +€30,394 | +76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,915 | €32,060 | +€12,145 | +61.0% |
| Gross operating margin | 9900 | €56,577 | €103,227 | +€46,649 | +82.5% |
| Operating profit (loss) | 9901 | -€3,292 | €819 | +€4,111 | |
| Profit (loss) for the period before taxes | 9903 | -€3,292 | €819 | +€4,111 | |
| Profit (loss) for the period | 9904 | -€3,292 | €819 | +€4,111 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,292 | €819 | +€4,111 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.