DL-IRONBOOST: 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.
DL-IRONBOOST
Largest movements
- Cash +€26,061
up €26,061 (+186%), from €14,008 to €40,069
mainly Tax, wage and social debts (+€17,603) and Depreciation (+€13,470)
- Tangible fixed assets -€7,470
down €7,470 (-19.0%), from €39,397 to €31,926
of which Plant, machinery and equipment: -€6,133
- Receivables within one year +€6,813
up €6,813 (+2,725%), from €250 to €7,063
of which Trade receivables: +€6,607
- Intangible fixed assets -€6,000
down €6,000 (-24.5%), from €24,459 to €18,459
- Tax, wage and social debts +€17,603
up €17,603 (+123%), from €14,270 to €31,872
of which Remuneration and social security: +€11,629
- Debts after one year -€10,679
down €10,679 (-30.8%), from €34,690 to €24,010
- Other debts +€6,707
up €6,707 (+26.4%), from €25,439 to €32,146
- Profit (loss) carried forward +€5,286
no longer reported in 2025 (was -€5,286)
- Current portion of long-term debt +€1,288
up €1,288 (+12.5%), from €10,284 to €11,572
- Gross operating margin +€33,736
up €33,736 (+36.6%), from €92,238 to €125,974
- Staff costs +€14,961
up €14,961 (+18.7%), from €79,961 to €94,922
- Financial charges +€1,639
up €1,639 (+45.6%), from €3,592 to €5,231
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 | €93,702 | €113,124 | +€19,422 | +20.7% |
| Fixed assets | 21/28 | €72,941 | €58,660 | -€14,280 | -19.6% |
| Intangible fixed assets | 21 | €24,459 | €18,459 | -€6,000 | -24.5% |
| Tangible fixed assets | 22/27 | €39,397 | €31,926 | -€7,470 | -19.0% |
| Plant, machinery and equipment | 23 | €33,956 | €27,823 | -€6,133 | -18.1% |
| Furniture and vehicles | 24 | €5,441 | €4,104 | -€1,337 | -24.6% |
| Financial fixed assets | 28 | €9,085 | €8,275 | -€810 | -8.9% |
| Current assets | 29/58 | €20,762 | €54,464 | +€33,702 | +162% |
| Stocks and contracts in progress | 3 | €5,857 | €6,499 | +€642 | +11.0% |
| Stocks | 30/36 | €5,857 | €6,499 | +€642 | +11.0% |
| Amounts receivable within one year | 40/41 | €250 | €7,063 | +€6,813 | +2,725% |
| Trade receivables | 40 | €250 | €6,857 | +€6,607 | +2,643% |
| Other amounts receivable | 41 | - | €206 | +€206 | |
| Cash at bank and in hand | 54/58 | €14,008 | €40,069 | +€26,061 | +186% |
| Deferred charges and accrued income | 490/1 | €647 | €833 | +€186 | +28.8% |
| Total equity and liabilities | 10/49 | €93,702 | €113,124 | +€19,422 | +20.7% |
| Equity | 10/15 | -€3,286 | €2,000 | +€5,286 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,286 | - | +€5,286 | |
| Amounts payable | 17/49 | €96,988 | €111,124 | +€14,136 | +14.6% |
| Amounts payable after more than one year | 17 | €34,690 | €24,010 | -€10,679 | -30.8% |
| Financial debts | 170/4 | €34,690 | €24,010 | -€10,679 | -30.8% |
| Amounts payable within one year | 42/48 | €61,266 | €87,007 | +€25,741 | +42.0% |
| Current portion of amounts payable after more than one year | 42 | €10,284 | €11,572 | +€1,288 | +12.5% |
| Trade debts | 44 | €11,273 | €11,416 | +€144 | +1.3% |
| Suppliers | 440/4 | €11,273 | €11,416 | +€144 | +1.3% |
| Taxes, remuneration and social security | 45 | €14,270 | €31,872 | +€17,603 | +123% |
| Taxes | 450/3 | €7,511 | €13,484 | +€5,973 | +79.5% |
| Remuneration and social security | 454/9 | €6,759 | €18,388 | +€11,629 | +172% |
| Other amounts payable | 47/48 | €25,439 | €32,146 | +€6,707 | +26.4% |
| Accrued charges and deferred income | 492/3 | €1,032 | €107 | -€926 | -89.7% |
| Non-recurring operating income | 76A | €79 | - | -€79 | |
| Remuneration, social security and pensions | 62 | €79,961 | €94,922 | +€14,961 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,988 | €13,470 | -€517 | -3.7% |
| Other operating charges | 640/8 | €1 | €283 | +€282 | +31,386% |
| Gross operating margin | 9900 | €92,238 | €125,974 | +€33,736 | +36.6% |
| Operating profit (loss) | 9901 | -€1,712 | €17,299 | +€19,010 | |
| Financial income | 75/76B | €18 | €110 | +€92 | +511% |
| Recurring financial income | 75 | €18 | €110 | +€92 | +511% |
| Financial charges | 65/66B | €3,592 | €5,231 | +€1,639 | +45.6% |
| Recurring financial charges | 65 | €3,592 | €5,231 | +€1,639 | +45.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,286 | €12,178 | +€17,464 | |
| Income taxes | 67/77 | - | €799 | +€799 | |
| Profit (loss) for the period | 9904 | -€5,286 | €11,379 | +€16,664 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,286 | €11,379 | +€16,664 |
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 13 October 2026 via checked.be.