IGLU CODE: what changed
Two financial 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.
IGLU CODE
Largest movements
- Cash +€34,242
up €34,242 (+44.5%), from €76,972 to €111,215
mainly Other debts (+€92,896) and Net result for the year (+€38,327)
- Tangible fixed assets -€4,633
down €4,633 (-40.1%), from €11,550 to €6,918
- Receivables within one year +€1,939
up €1,939 (+400.9%), from €484 to €2,423
- Other debts +€92,896
up €92,896 (+11048.3%), from €841 to €93,736
- Reserves -€55,410
down €55,410 (-74.3%), from €74,596 to €19,186
- Tax, wage and social debts -€6,089
down €6,089 (-67.3%), from €9,051 to €2,962
of which Taxes: -€9,051
- Gross operating margin +€5,337
up €5,337 (+10.9%), from €49,167 to €54,504
- Taxes +€1,079
up €1,079 (+11.9%), from €9,051 to €10,130
- Other operating charges +€598
up €598 (+202.7%), from €295 to €893
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 | €90,488 | €121,928 | +€31,440 | +34.7% |
| Formation expenses | 20 | €496 | €279 | -€217 | -43.8% |
| Fixed assets | 21/28 | €11,850 | €7,218 | -€4,633 | -39.1% |
| Tangible fixed assets | 22/27 | €11,550 | €6,918 | -€4,633 | -40.1% |
| Furniture and vehicles | 24 | €11,550 | €6,918 | -€4,633 | -40.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €78,141 | €114,431 | +€36,290 | +46.4% |
| Amounts receivable within one year | 40/41 | €484 | €2,423 | +€1,939 | +400.9% |
| Other amounts receivable | 41 | €484 | €2,423 | +€1,939 | +400.9% |
| Cash at bank and in hand | 54/58 | €76,972 | €111,215 | +€34,242 | +44.5% |
| Deferred charges and accrued income | 490/1 | €685 | €794 | +€109 | +15.9% |
| Total equity and liabilities | 10/49 | €90,488 | €121,928 | +€31,440 | +34.7% |
| Equity | 10/15 | €80,596 | €25,186 | -€55,410 | -68.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €74,596 | €19,186 | -€55,410 | -74.3% |
| Distributable reserves | 133 | €74,596 | €19,186 | -€55,410 | -74.3% |
| Amounts payable | 17/49 | €9,892 | €96,741 | +€86,850 | +878.0% |
| Amounts payable within one year | 42/48 | €9,892 | €96,741 | +€86,850 | +878.0% |
| Trade debts | 44 | - | €43 | +€43 | |
| Suppliers | 440/4 | - | €43 | +€43 | |
| Taxes, remuneration and social security | 45 | €9,051 | €2,962 | -€6,089 | -67.3% |
| Taxes | 450/3 | €9,051 | - | -€9,051 | |
| Remuneration and social security | 454/9 | - | €2,962 | +€2,962 | |
| Other amounts payable | 47/48 | €841 | €93,736 | +€92,896 | +11048.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,850 | €4,850 | = | 0.0% |
| Other operating charges | 640/8 | €295 | €893 | +€598 | +202.7% |
| Gross operating margin | 9900 | €49,167 | €54,504 | +€5,337 | +10.9% |
| Operating profit (loss) | 9901 | €44,022 | €48,761 | +€4,739 | +10.8% |
| Financial charges | 65/66B | €129 | €304 | +€174 | +135.2% |
| Recurring financial charges | 65 | €129 | €304 | +€174 | +135.2% |
| Profit (loss) for the period before taxes | 9903 | €43,893 | €48,457 | +€4,564 | +10.4% |
| Income taxes | 67/77 | €9,051 | €10,130 | +€1,079 | +11.9% |
| Profit (loss) for the period | 9904 | €34,842 | €38,327 | +€3,485 | +10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,842 | €38,327 | +€3,485 | +10.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.