I.R.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.S.
Largest movements
- Cash +€64,596
up €64,596 (+44.4%), from €145,400 to €209,996
mainly Net result for the year (+€58,718) and Depreciation (+€13,528)
- Tangible fixed assets -€7,447
down €7,447 (-24.7%), from €30,116 to €22,669
of which Furniture and vehicles: -€5,781
- Receivables within one year -€3,012
down €3,012 (-43.8%), from €6,872 to €3,860
- Profit (loss) carried forward +€58,718
up €58,718 (+53.5%), from €109,727 to €168,445
- Trade debts +€6,219
up €6,219 (+162%), from €3,828 to €10,047
- Debts after one year -€4,967
down €4,967 (-25.7%), from €19,328 to €14,362
- Other debts -€3,594
no longer reported in 2025 (was €3,594)
- Tax, wage and social debts -€2,996
down €2,996 (-9.5%), from €31,701 to €28,705
of which Taxes: -€7,146
- Turnover -€52,587
down €52,587 (-24.3%), from €216,560 to €163,973
- Purchases and services -€29,152
down €29,152 (-28.0%), from €103,960 to €74,808
- Gross operating margin -€26,920
down €26,920 (-23.2%), from €116,264 to €89,344
- Depreciation +€9,380
up €9,380 (+226%), from €4,148 to €13,528
- Taxes -€6,407
down €6,407 (-29.8%), from €21,476 to €15,069
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 | €182,931 | €236,525 | +€53,595 | +29.3% |
| Fixed assets | 21/28 | €30,658 | €22,669 | -€7,989 | -26.1% |
| Intangible fixed assets | 21 | €542 | - | -€542 | |
| Tangible fixed assets | 22/27 | €30,116 | €22,669 | -€7,447 | -24.7% |
| Plant, machinery and equipment | 23 | €4,530 | €2,863 | -€1,667 | -36.8% |
| Furniture and vehicles | 24 | €25,587 | €19,806 | -€5,781 | -22.6% |
| Current assets | 29/58 | €152,272 | €213,856 | +€61,584 | +40.4% |
| Amounts receivable within one year | 40/41 | €6,872 | €3,860 | -€3,012 | -43.8% |
| Trade receivables | 40 | €6,872 | €3,860 | -€3,012 | -43.8% |
| Cash at bank and in hand | 54/58 | €145,400 | €209,996 | +€64,596 | +44.4% |
| Total equity and liabilities | 10/49 | €182,931 | €236,525 | +€53,595 | +29.3% |
| Equity | 10/15 | €119,727 | €178,445 | +€58,718 | +49.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,727 | €168,445 | +€58,718 | +53.5% |
| Amounts payable | 17/49 | €63,204 | €58,080 | -€5,124 | -8.1% |
| Amounts payable after more than one year | 17 | €19,328 | €14,362 | -€4,967 | -25.7% |
| Financial debts | 170/4 | €19,328 | €14,362 | -€4,967 | -25.7% |
| Amounts payable within one year | 42/48 | €43,876 | €43,719 | -€157 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €4,753 | €4,967 | +€213 | +4.5% |
| Trade debts | 44 | €3,828 | €10,047 | +€6,219 | +162% |
| Suppliers | 440/4 | €3,828 | €10,047 | +€6,219 | +162% |
| Taxes, remuneration and social security | 45 | €31,701 | €28,705 | -€2,996 | -9.5% |
| Taxes | 450/3 | €26,851 | €19,705 | -€7,146 | -26.6% |
| Remuneration and social security | 454/9 | €4,850 | €9,000 | +€4,150 | +85.6% |
| Other amounts payable | 47/48 | €3,594 | - | -€3,594 | |
| Turnover | 70 | €216,560 | €163,973 | -€52,587 | -24.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €103,960 | €74,808 | -€29,152 | -28.0% |
| Remuneration, social security and pensions | 62 | €77 | €120 | +€43 | +55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,148 | €13,528 | +€9,380 | +226% |
| Other operating charges | 640/8 | €6,266 | €849 | -€5,418 | -86.5% |
| Gross operating margin | 9900 | €116,264 | €89,344 | -€26,920 | -23.2% |
| Operating profit (loss) | 9901 | €105,772 | €74,847 | -€30,925 | -29.2% |
| Financial charges | 65/66B | €427 | €1,060 | +€633 | +148% |
| Recurring financial charges | 65 | €427 | €1,060 | +€633 | +148% |
| Profit (loss) for the period before taxes | 9903 | €105,344 | €73,787 | -€31,558 | -30.0% |
| Income taxes | 67/77 | €21,476 | €15,069 | -€6,407 | -29.8% |
| Profit (loss) for the period | 9904 | €83,869 | €58,718 | -€25,150 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,869 | €58,718 | -€25,150 | -30.0% |
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 24 October 2026 via checked.be.