IGUACU: 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.
IGUACU
Largest movements
- Tangible fixed assets -€28,375
down €28,375 (-6.5%), from €437,025 to €408,650
of which Land and buildings: -€26,124
- Receivables within one year -€7,018
down €7,018 (-39.2%), from €17,908 to €10,890
- Reserves -€57,848
down €57,848 (-13.7%), from €423,171 to €365,323
- Other debts +€22,464
up €22,464 (+669%), from €3,356 to €25,820
- Gross operating margin +€16,382
up €16,382 (+13.6%), from €120,389 to €136,771
- Taxes +€11,516
up €11,516 (+52.3%), from €22,025 to €33,541
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.
Derived cash bridge
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 | €466,348 | €426,741 | -€39,607 | -8.5% |
| Fixed assets | 21/28 | €437,025 | €408,650 | -€28,375 | -6.5% |
| Tangible fixed assets | 22/27 | €437,025 | €408,650 | -€28,375 | -6.5% |
| Land and buildings | 22 | €430,816 | €404,692 | -€26,124 | -6.1% |
| Plant, machinery and equipment | 23 | €2,240 | €1,120 | -€1,120 | -50.0% |
| Furniture and vehicles | 24 | €3,969 | €2,838 | -€1,131 | -28.5% |
| Current assets | 29/58 | €29,324 | €18,091 | -€11,232 | -38.3% |
| Amounts receivable within one year | 40/41 | €17,908 | €10,890 | -€7,018 | -39.2% |
| Trade receivables | 40 | €17,908 | €10,890 | -€7,018 | -39.2% |
| Cash at bank and in hand | 54/58 | €6,300 | €3,357 | -€2,943 | -46.7% |
| Deferred charges and accrued income | 490/1 | €5,115 | €3,844 | -€1,271 | -24.9% |
| Total equity and liabilities | 10/49 | €466,348 | €426,741 | -€39,607 | -8.5% |
| Equity | 10/15 | €435,571 | €377,723 | -€57,848 | -13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €423,171 | €365,323 | -€57,848 | -13.7% |
| Distributable reserves | 133 | €423,171 | €365,323 | -€57,848 | -13.7% |
| Amounts payable | 17/49 | €30,777 | €49,018 | +€18,241 | +59.3% |
| Amounts payable within one year | 42/48 | €29,166 | €48,878 | +€19,712 | +67.6% |
| Financial debts | 43 | €6,667 | €6,667 | = | 0.0% |
| Credit institutions | 430/8 | €6,667 | €6,667 | = | 0.0% |
| Trade debts | 44 | €2,547 | €1,050 | -€1,497 | -58.8% |
| Suppliers | 440/4 | €2,547 | €1,050 | -€1,497 | -58.8% |
| Taxes, remuneration and social security | 45 | €16,596 | €15,341 | -€1,255 | -7.6% |
| Taxes | 450/3 | €16,596 | €15,341 | -€1,255 | -7.6% |
| Other amounts payable | 47/48 | €3,356 | €25,820 | +€22,464 | +669% |
| Accrued charges and deferred income | 492/3 | €1,612 | €140 | -€1,472 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,571 | €28,375 | -€1,197 | -4.0% |
| Other operating charges | 640/8 | €3,698 | €3,697 | -€1 | 0.0% |
| Gross operating margin | 9900 | €120,389 | €136,771 | +€16,382 | +13.6% |
| Operating profit (loss) | 9901 | €87,120 | €104,700 | +€17,580 | +20.2% |
| Financial income | 75/76B | €9 | €37 | +€29 | +327% |
| Recurring financial income | 75 | €9 | €37 | +€29 | +327% |
| Financial charges | 65/66B | €774 | €954 | +€180 | +23.2% |
| Recurring financial charges | 65 | €774 | €954 | +€180 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | €86,355 | €103,783 | +€17,429 | +20.2% |
| Income taxes | 67/77 | €22,025 | €33,541 | +€11,516 | +52.3% |
| Profit (loss) for the period | 9904 | €64,330 | €70,242 | +€5,912 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,330 | €70,242 | +€5,912 | +9.2% |
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 26 October 2026 via checked.be.