I.R.N.: 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.N.
Largest movements
- Tangible fixed assets -€28,298
down €28,298 (-10.0%), from €282,963 to €254,664
of which Land and buildings: -€17,463
- Receivables within one year +€16,423
up €16,423 (+18.9%), from €86,901 to €103,324
of which Trade receivables: +€16,329
- Cash -€5,258
down €5,258 (-15.9%), from €33,092 to €27,834
mainly Debts after one year (-€24,473) and Receivables within one year (-€16,423)
- Debts after one year -€24,473
down €24,473 (-12.6%), from €194,183 to €169,711
- Trade debts -€15,112
down €15,112 (-83.6%), from €18,069 to €2,956
- Other debts +€9,614
up €9,614 (+13.7%), from €70,340 to €79,955
- Tax, wage and social debts +€5,567
up €5,567 (+69.8%), from €7,970 to €13,537
of which Remuneration and social security: +€4,309
- Profit (loss) carried forward +€4,833
up €4,833 (+31.3%), from €15,441 to €20,274
- Gross operating margin -€22,935
down €22,935 (-23.5%), from €97,733 to €74,798
- Staff costs -€8,093
down €8,093 (-21.6%), from €37,526 to €29,434
- Other operating charges +€1,771
up €1,771 (+37.4%), from €4,730 to €6,501
- Taxes +€1,268
up €1,268 (+327%), from €387 to €1,656
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 | €450,387 | €431,366 | -€19,021 | -4.2% |
| Fixed assets | 21/28 | €283,592 | €255,294 | -€28,298 | -10.0% |
| Tangible fixed assets | 22/27 | €282,963 | €254,664 | -€28,298 | -10.0% |
| Land and buildings | 22 | €258,824 | €241,361 | -€17,463 | -6.7% |
| Plant, machinery and equipment | 23 | €5,680 | €2,364 | -€3,315 | -58.4% |
| Furniture and vehicles | 24 | €18,459 | €10,939 | -€7,520 | -40.7% |
| Financial fixed assets | 28 | €629 | €629 | = | 0.0% |
| Current assets | 29/58 | €166,795 | €176,073 | +€9,278 | +5.6% |
| Stocks and contracts in progress | 3 | €46,301 | €44,915 | -€1,386 | -3.0% |
| Stocks | 30/36 | €46,301 | €44,915 | -€1,386 | -3.0% |
| Amounts receivable within one year | 40/41 | €86,901 | €103,324 | +€16,423 | +18.9% |
| Trade receivables | 40 | €86,901 | €103,230 | +€16,329 | +18.8% |
| Other amounts receivable | 41 | - | €94 | +€94 | |
| Cash at bank and in hand | 54/58 | €33,092 | €27,834 | -€5,258 | -15.9% |
| Deferred charges and accrued income | 490/1 | €501 | - | -€501 | |
| Total equity and liabilities | 10/49 | €450,387 | €431,366 | -€19,021 | -4.2% |
| Equity | 10/15 | €135,901 | €140,734 | +€4,833 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,441 | €20,274 | +€4,833 | +31.3% |
| Amounts payable | 17/49 | €314,486 | €290,632 | -€23,854 | -7.6% |
| Amounts payable after more than one year | 17 | €194,183 | €169,711 | -€24,473 | -12.6% |
| Financial debts | 170/4 | €194,183 | €169,711 | -€24,473 | -12.6% |
| Amounts payable within one year | 42/48 | €120,303 | €120,921 | +€619 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €23,923 | €24,473 | +€550 | +2.3% |
| Trade debts | 44 | €18,069 | €2,956 | -€15,112 | -83.6% |
| Suppliers | 440/4 | €18,069 | €2,956 | -€15,112 | -83.6% |
| Taxes, remuneration and social security | 45 | €7,970 | €13,537 | +€5,567 | +69.8% |
| Taxes | 450/3 | €1,296 | €2,554 | +€1,258 | +97.1% |
| Remuneration and social security | 454/9 | €6,675 | €10,983 | +€4,309 | +64.6% |
| Other amounts payable | 47/48 | €70,340 | €79,955 | +€9,614 | +13.7% |
| Remuneration, social security and pensions | 62 | €37,526 | €29,434 | -€8,093 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,298 | €28,298 | = | 0.0% |
| Other operating charges | 640/8 | €4,730 | €6,501 | +€1,771 | +37.4% |
| Gross operating margin | 9900 | €97,733 | €74,798 | -€22,935 | -23.5% |
| Operating profit (loss) | 9901 | €27,179 | €10,565 | -€16,614 | -61.1% |
| Financial charges | 65/66B | €4,623 | €4,076 | -€547 | -11.8% |
| Recurring financial charges | 65 | €4,623 | €4,076 | -€547 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €22,556 | €6,489 | -€16,067 | -71.2% |
| Income taxes | 67/77 | €387 | €1,656 | +€1,268 | +327% |
| Profit (loss) for the period | 9904 | €22,169 | €4,833 | -€17,335 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,169 | €4,833 | -€17,335 | -78.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.