IGROBELFRE: 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.
IGROBELFRE
Largest movements
- Cash +€104,872
up €104,872 (+74.3%), from €141,104 to €245,976
mainly Other debts (+€170,871) and Depreciation (+€62,762)
- Tangible fixed assets -€62,428
down €62,428 (-3.9%), from €1.6m to €1.5m
of which Land and buildings: -€62,428
- Other debts +€170,871
up €170,871 (+40.8%), from €418,723 to €589,595
- Debts after one year -€113,432
down €113,432 (-15.0%), from €754,714 to €641,282
- Gross operating margin +€12,488
up €12,488 (+20.5%), from €61,033 to €73,522
- Financial charges -€3,335
down €3,335 (-40.7%), from €8,192 to €4,856
- Financial income -€3,299
no longer reported in 2025 (was €3,299)
- Depreciation -€3,295
down €3,295 (-5.0%), from €66,056 to €62,762
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 | €1,826,938 | €1,869,382 | +€42,444 | +2.3% |
| Fixed assets | 21/28 | €1,599,755 | €1,537,328 | -€62,428 | -3.9% |
| Tangible fixed assets | 22/27 | €1,599,755 | €1,537,328 | -€62,428 | -3.9% |
| Land and buildings | 22 | €1,405,702 | €1,343,275 | -€62,428 | -4.4% |
| Other tangible fixed assets | 26 | €194,053 | €194,053 | = | 0.0% |
| Current assets | 29/58 | €227,182 | €332,054 | +€104,872 | +46.2% |
| Amounts receivable after more than one year | 29 | €52,783 | €52,783 | = | 0.0% |
| Other amounts receivable | 291 | €52,783 | €52,783 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,989 | €1,989 | = | 0.0% |
| Other amounts receivable | 41 | €1,989 | €1,989 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €141,104 | €245,976 | +€104,872 | +74.3% |
| Deferred charges and accrued income | 490/1 | €31,307 | €31,307 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,826,938 | €1,869,382 | +€42,444 | +2.3% |
| Equity | 10/15 | €589,488 | €581,774 | -€7,714 | -1.3% |
| Contributions | 10/11 | €800,696 | €800,696 | = | 0.0% |
| Reserves | 13 | €80,070 | €80,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €80,070 | €80,070 | = | 0.0% |
| Reserves not available under the articles | 1311 | €80,070 | €80,070 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€291,278 | -€298,992 | -€7,714 | -2.6% |
| Amounts payable | 17/49 | €1,237,450 | €1,287,608 | +€50,158 | +4.1% |
| Amounts payable after more than one year | 17 | €754,714 | €641,282 | -€113,432 | -15.0% |
| Financial debts | 170/4 | €754,714 | €641,282 | -€113,432 | -15.0% |
| Amounts payable within one year | 42/48 | €482,736 | €646,326 | +€163,590 | +33.9% |
| Current portion of amounts payable after more than one year | 42 | €61,198 | €56,732 | -€4,466 | -7.3% |
| Trade debts | 44 | €2,814 | - | -€2,814 | |
| Suppliers | 440/4 | €2,814 | - | -€2,814 | |
| Other amounts payable | 47/48 | €418,723 | €589,595 | +€170,871 | +40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,056 | €62,762 | -€3,295 | -5.0% |
| Other operating charges | 640/8 | €13,213 | €13,617 | +€404 | +3.1% |
| Gross operating margin | 9900 | €61,033 | €73,522 | +€12,488 | +20.5% |
| Operating profit (loss) | 9901 | -€18,236 | -€2,857 | +€15,379 | +84.3% |
| Financial income | 75/76B | €3,299 | - | -€3,299 | |
| Recurring financial income | 75 | €3,299 | - | -€3,299 | |
| Financial charges | 65/66B | €8,192 | €4,856 | -€3,335 | -40.7% |
| Recurring financial charges | 65 | €8,192 | €4,856 | -€3,335 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | -€23,129 | -€7,714 | +€15,415 | +66.6% |
| Profit (loss) for the period | 9904 | -€23,129 | -€7,714 | +€15,415 | +66.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,129 | -€7,714 | +€15,415 | +66.6% |
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 4 October 2026 via checked.be.