IGUAZU beheer: what changed
IGUAZU beheer
Largest movements
- Receivables after one year -€67,500
down €67,500 (-64.3%), from €105,000 to €37,500
- Tangible fixed assets -€11,233
down €11,233 (-19.4%), from €57,979 to €46,745
of which Furniture and vehicles: -€8,057
- Cash -€6,964
down €6,964 (-32.1%), from €21,702 to €14,738
mainly Contributions, distributions and other (-€81,741) and Current portion of long-term debt (-€8,301)
- Receivables within one year +€3,272
up €3,272 (+78.7%), from €4,155 to €7,427
of which Trade receivables: +€5,612
- Reserves -€73,413
down €73,413 (-41.6%), from €176,370 to €102,957
- Current portion of long-term debt -€8,301
down €8,301 (-76.7%), from €10,824 to €2,523
- Tax, wage and social debts -€4,282
down €4,282 (-68.9%), from €6,216 to €1,935
- Financial income -€7,168
down €7,168 (-98.8%), from €7,254 to €87
- Taxes -€5,828
down €5,828 (-42.9%), from €13,600 to €7,771
- Gross operating margin -€5,787
down €5,787 (-13.9%), from €41,758 to €35,971
- Depreciation +€3,822
up €3,822 (+31.2%), from €12,257 to €16,079
- Financial charges +€1,244
up €1,244 (+139%), from €897 to €2,141
of which Non-recurring financial charges: +€1,650
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,897 | €118,202 | -€82,695 | -41.2% |
| Fixed assets | 21/28 | €57,979 | €46,745 | -€11,233 | -19.4% |
| Tangible fixed assets | 22/27 | €57,979 | €46,745 | -€11,233 | -19.4% |
| Plant, machinery and equipment | 23 | €30,778 | €27,602 | -€3,176 | -10.3% |
| Furniture and vehicles | 24 | €27,200 | €19,143 | -€8,057 | -29.6% |
| Current assets | 29/58 | €142,918 | €71,456 | -€71,461 | -50.0% |
| Amounts receivable after more than one year | 29 | €105,000 | €37,500 | -€67,500 | -64.3% |
| Trade receivables | 290 | €105,000 | €37,500 | -€67,500 | -64.3% |
| Amounts receivable within one year | 40/41 | €4,155 | €7,427 | +€3,272 | +78.7% |
| Trade receivables | 40 | €1,650 | €7,262 | +€5,612 | +340% |
| Other amounts receivable | 41 | €2,505 | €165 | -€2,340 | -93.4% |
| Cash at bank and in hand | 54/58 | €21,702 | €14,738 | -€6,964 | -32.1% |
| Deferred charges and accrued income | 490/1 | €12,061 | €11,791 | -€269 | -2.2% |
| Total equity and liabilities | 10/49 | €200,897 | €118,202 | -€82,695 | -41.2% |
| Equity | 10/15 | €182,570 | €109,157 | -€73,413 | -40.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €176,370 | €102,957 | -€73,413 | -41.6% |
| Distributable reserves | 133 | €176,370 | €102,957 | -€73,413 | -41.6% |
| Amounts payable | 17/49 | €18,327 | €9,045 | -€9,282 | -50.6% |
| Amounts payable within one year | 42/48 | €18,327 | €9,045 | -€9,282 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €10,824 | €2,523 | -€8,301 | -76.7% |
| Trade debts | 44 | €1,242 | €3,076 | +€1,834 | +148% |
| Suppliers | 440/4 | €1,242 | €3,076 | +€1,834 | +148% |
| Taxes, remuneration and social security | 45 | €6,216 | €1,935 | -€4,282 | -68.9% |
| Taxes | 450/3 | €6,216 | €1,935 | -€4,282 | -68.9% |
| Other amounts payable | 47/48 | €45 | €1,511 | +€1,466 | +3,286% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,257 | €16,079 | +€3,822 | +31.2% |
| Other operating charges | 640/8 | €1,504 | €1,738 | +€234 | +15.6% |
| Gross operating margin | 9900 | €41,758 | €35,971 | -€5,787 | -13.9% |
| Operating profit (loss) | 9901 | €27,997 | €18,154 | -€9,843 | -35.2% |
| Financial income | 75/76B | €7,254 | €87 | -€7,168 | -98.8% |
| Recurring financial income | 75 | €7,254 | €87 | -€7,168 | -98.8% |
| Financial charges | 65/66B | €897 | €2,141 | +€1,244 | +139% |
| Recurring financial charges | 65 | €897 | €491 | -€406 | -45.3% |
| Non-recurring financial charges | 66B | - | €1,650 | +€1,650 | |
| Profit (loss) for the period before taxes | 9903 | €34,354 | €16,099 | -€18,255 | -53.1% |
| Income taxes | 67/77 | €13,600 | €7,771 | -€5,828 | -42.9% |
| Profit (loss) for the period | 9904 | €20,754 | €8,328 | -€12,426 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,754 | €8,328 | -€12,426 | -59.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.