I.R.E.S.: 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.
I.R.E.S.
Largest movements
- Receivables within one year +€28,409
up €28,409 (+39.6%), from €71,693 to €100,102
of which Other amounts receivable: +€28,941
- Cash -€16,978
down €16,978 (-54.9%), from €30,933 to €13,955
mainly Receivables within one year (-€28,409) and Tax, wage and social debts (-€9,207)
- Reserves +€20,982
up €20,982 (+11.8%), from €178,333 to €199,315
- Tax, wage and social debts -€9,207
down €9,207 (-62.0%), from €14,853 to €5,647
- Financial income +€922
up €922 (+24.7%), from €3,737 to €4,659
- Other operating charges +€809
up €809, from €0 to €809
- Gross operating margin -€475
down €475 (-1.7%), from €27,428 to €26,953
- Taxes -€374
down €374 (-3.7%), from €10,166 to €9,792
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 | €402,307 | €413,738 | +€11,431 | +2.8% |
| Fixed assets | 21/28 | €299,681 | €299,681 | = | 0.0% |
| Financial fixed assets | 28 | €299,681 | €299,681 | = | 0.0% |
| Current assets | 29/58 | €102,626 | €114,057 | +€11,431 | +11.1% |
| Amounts receivable within one year | 40/41 | €71,693 | €100,102 | +€28,409 | +39.6% |
| Trade receivables | 40 | €1,561 | €1,029 | -€532 | -34.1% |
| Other amounts receivable | 41 | €70,132 | €99,073 | +€28,941 | +41.3% |
| Cash at bank and in hand | 54/58 | €30,933 | €13,955 | -€16,978 | -54.9% |
| Total equity and liabilities | 10/49 | €402,307 | €413,738 | +€11,431 | +2.8% |
| Equity | 10/15 | €385,852 | €406,834 | +€20,982 | +5.4% |
| Contributions | 10/11 | €169,789 | €169,789 | = | 0.0% |
| Reserves | 13 | €178,333 | €199,315 | +€20,982 | +11.8% |
| Distributable reserves | 133 | €178,333 | €199,315 | +€20,982 | +11.8% |
| Profit (loss) carried forward | 14 | €37,730 | €37,730 | = | 0.0% |
| Amounts payable | 17/49 | €16,455 | €6,904 | -€9,551 | -58.0% |
| Amounts payable within one year | 42/48 | €16,455 | €6,904 | -€9,551 | -58.0% |
| Trade debts | 44 | €1,602 | €1,258 | -€345 | -21.5% |
| Suppliers | 440/4 | €1,602 | €1,258 | -€345 | -21.5% |
| Taxes, remuneration and social security | 45 | €14,853 | €5,647 | -€9,207 | -62.0% |
| Taxes | 450/3 | €14,853 | €5,647 | -€9,207 | -62.0% |
| Other operating charges | 640/8 | €0 | €809 | +€809 | |
| Gross operating margin | 9900 | €27,428 | €26,953 | -€475 | -1.7% |
| Operating profit (loss) | 9901 | €27,428 | €26,144 | -€1,284 | -4.7% |
| Financial income | 75/76B | €3,737 | €4,659 | +€922 | +24.7% |
| Recurring financial income | 75 | €3,737 | €4,659 | +€922 | +24.7% |
| Financial charges | 65/66B | €28 | €29 | +€2 | +7.1% |
| Recurring financial charges | 65 | €28 | €29 | +€2 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €31,138 | €30,774 | -€364 | -1.2% |
| Income taxes | 67/77 | €10,166 | €9,792 | -€374 | -3.7% |
| Profit (loss) for the period | 9904 | €20,972 | €20,982 | +€10 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,972 | €20,982 | +€10 | 0.0% |
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 17 October 2026 via checked.be.