I-RIE: 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-RIE
Largest movements
- Cash +€22,702
up €22,702 (+45.3%), from €50,065 to €72,767
mainly Net result for the year (+€23,218) and Depreciation (+€22,002)
- Receivables within one year -€7,711
down €7,711 (-66.7%), from €11,557 to €3,846
of which Trade receivables: -€8,111
- Tangible fixed assets -€2,806
down €2,806 (-5.7%), from €49,352 to €46,546
of which Furniture and vehicles: -€8,446
- Reserves +€23,000
up €23,000 (+48.1%), from €47,860 to €70,860
- Other debts -€12,204
down €12,204 (-30.6%), from €39,823 to €27,620
- Trade debts +€1,712
up €1,712 (+9.7%), from €17,696 to €19,407
- Gross operating margin -€40,494
down €40,494 (-44.6%), from €90,873 to €50,379
- Depreciation +€3,722
up €3,722 (+20.4%), from €18,280 to €22,002
- Staff costs -€2,910
no longer reported in 2025 (was €2,910)
- Taxes -€1,166
down €1,166 (-32.1%), from €3,633 to €2,467
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.
Cash bridge derived
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 | €130,670 | €142,169 | +€11,499 | +8.8% |
| Fixed assets | 21/28 | €65,264 | €61,642 | -€3,623 | -5.6% |
| Intangible fixed assets | 21 | €3,267 | €2,450 | -€817 | -25.0% |
| Tangible fixed assets | 22/27 | €49,352 | €46,546 | -€2,806 | -5.7% |
| Plant, machinery and equipment | 23 | €15,110 | €17,662 | +€2,552 | +16.9% |
| Furniture and vehicles | 24 | €15,380 | €6,933 | -€8,446 | -54.9% |
| Other tangible fixed assets | 26 | €18,863 | €21,951 | +€3,088 | +16.4% |
| Financial fixed assets | 28 | €12,646 | €12,646 | = | 0.0% |
| Current assets | 29/58 | €65,406 | €80,528 | +€15,122 | +23.1% |
| Stocks and contracts in progress | 3 | €3,784 | €3,914 | +€130 | +3.4% |
| Stocks | 30/36 | €3,784 | €3,914 | +€130 | +3.4% |
| Amounts receivable within one year | 40/41 | €11,557 | €3,846 | -€7,711 | -66.7% |
| Trade receivables | 40 | €9,250 | €1,139 | -€8,111 | -87.7% |
| Other amounts receivable | 41 | €2,307 | €2,708 | +€401 | +17.4% |
| Cash at bank and in hand | 54/58 | €50,065 | €72,767 | +€22,702 | +45.3% |
| Total equity and liabilities | 10/49 | €130,670 | €142,169 | +€11,499 | +8.8% |
| Equity | 10/15 | €56,524 | €79,742 | +€23,218 | +41.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,860 | €70,860 | +€23,000 | +48.1% |
| Distributable reserves | 133 | €47,860 | €70,860 | +€23,000 | +48.1% |
| Profit (loss) carried forward | 14 | €2,464 | €2,682 | +€218 | +8.8% |
| Amounts payable | 17/49 | €74,146 | €62,427 | -€11,719 | -15.8% |
| Amounts payable within one year | 42/48 | €74,146 | €62,427 | -€11,719 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €1,402 | €937 | -€465 | -33.2% |
| Trade debts | 44 | €17,696 | €19,407 | +€1,712 | +9.7% |
| Suppliers | 440/4 | €17,696 | €19,407 | +€1,712 | +9.7% |
| Taxes, remuneration and social security | 45 | €15,225 | €14,463 | -€762 | -5.0% |
| Taxes | 450/3 | €15,225 | €14,463 | -€762 | -5.0% |
| Other amounts payable | 47/48 | €39,823 | €27,620 | -€12,204 | -30.6% |
| Remuneration, social security and pensions | 62 | €2,910 | - | -€2,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,280 | €22,002 | +€3,722 | +20.4% |
| Other operating charges | 640/8 | €1,407 | €1,439 | +€33 | +2.3% |
| Gross operating margin | 9900 | €90,873 | €50,379 | -€40,494 | -44.6% |
| Operating profit (loss) | 9901 | €68,276 | €26,937 | -€41,339 | -60.5% |
| Financial income | 75/76B | €89 | €200 | +€111 | +124.7% |
| Recurring financial income | 75 | €89 | €200 | +€111 | +124.7% |
| Financial charges | 65/66B | €1,468 | €1,452 | -€16 | -1.1% |
| Recurring financial charges | 65 | €1,468 | €1,452 | -€16 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €66,897 | €25,684 | -€41,213 | -61.6% |
| Income taxes | 67/77 | €3,633 | €2,467 | -€1,166 | -32.1% |
| Profit (loss) for the period | 9904 | €63,264 | €23,218 | -€40,047 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,264 | €23,218 | -€40,047 | -63.3% |
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 12 October 2026 via checked.be.