IAREK: what changed
Two fiscal 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.
IAREK
Largest movements
- Receivables within one year +€92,734
up €92,734 (+1217.3%), from €7,618 to €100,352
- Tangible fixed assets +€12,449
up €12,449 (+11.9%), from €105,029 to €117,478
- Cash -€11,702
down €11,702 (-10.9%), from €107,632 to €95,930
mainly Receivables within one year (-€92,734) and Investment in fixed assets (net) (-€38,899)
- Tax, wage and social debts +€51,575
up €51,575 (+333.6%), from €15,460 to €67,034
of which Remuneration and social security: +€45,807
- Profit (loss) carried forward +€33,183
up €33,183 (+8.0%), from -€415,016 to -€381,833
- Accrued charges and deferred income +€4,841
new in 2024: €4,841
- Gross operating margin +€36,611
up €36,611 (+14.4%), from €253,563 to €290,175
- Staff costs -€17,073
down €17,073 (-7.7%), from €221,459 to €204,387
- Other operating charges +€8,968
up €8,968 (+178.1%), from €5,034 to €14,003
- Financial charges +€7,178
up €7,178 (+143.0%), from €5,019 to €12,197
- Depreciation +€3,152
up €3,152 (+13.5%), from €23,298 to €26,450
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,861 | €388,163 | +€87,302 | +29.0% |
| Fixed assets | 21/28 | €143,320 | €155,769 | +€12,449 | +8.7% |
| Tangible fixed assets | 22/27 | €105,029 | €117,478 | +€12,449 | +11.9% |
| Plant, machinery and equipment | 23 | €105,029 | €117,478 | +€12,449 | +11.9% |
| Financial fixed assets | 28 | €38,291 | €38,291 | = | 0.0% |
| Current assets | 29/58 | €157,541 | €232,394 | +€74,853 | +47.5% |
| Stocks and contracts in progress | 3 | €5,800 | €2,420 | -€3,379 | -58.3% |
| Stocks | 30/36 | €5,800 | €2,420 | -€3,379 | -58.3% |
| Amounts receivable within one year | 40/41 | €7,618 | €100,352 | +€92,734 | +1217.3% |
| Trade receivables | 40 | €7,618 | €100,352 | +€92,734 | +1217.3% |
| Cash at bank and in hand | 54/58 | €107,632 | €95,930 | -€11,702 | -10.9% |
| Deferred charges and accrued income | 490/1 | €36,492 | €33,692 | -€2,800 | -7.7% |
| Total equity and liabilities | 10/49 | €300,861 | €388,163 | +€87,302 | +29.0% |
| Equity | 10/15 | -€396,416 | -€363,233 | +€33,183 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€415,016 | -€381,833 | +€33,183 | +8.0% |
| Amounts payable | 17/49 | €697,277 | €751,396 | +€54,119 | +7.8% |
| Amounts payable after more than one year | 17 | €604,369 | €604,369 | = | 0.0% |
| Other amounts payable | 178/9 | €604,369 | €604,369 | = | 0.0% |
| Amounts payable within one year | 42/48 | €92,908 | €142,187 | +€49,279 | +53.0% |
| Trade debts | 44 | €73,263 | €70,967 | -€2,296 | -3.1% |
| Suppliers | 440/4 | €73,263 | €70,967 | -€2,296 | -3.1% |
| Taxes, remuneration and social security | 45 | €15,460 | €67,034 | +€51,575 | +333.6% |
| Taxes | 450/3 | €12,908 | €18,675 | +€5,767 | +44.7% |
| Remuneration and social security | 454/9 | €2,552 | €48,360 | +€45,807 | +1794.7% |
| Other amounts payable | 47/48 | €4,185 | €4,185 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €4,841 | +€4,841 | |
| Remuneration, social security and pensions | 62 | €221,459 | €204,387 | -€17,073 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,298 | €26,450 | +€3,152 | +13.5% |
| Other operating charges | 640/8 | €5,034 | €14,003 | +€8,968 | +178.1% |
| Gross operating margin | 9900 | €253,563 | €290,175 | +€36,611 | +14.4% |
| Operating profit (loss) | 9901 | €3,772 | €45,335 | +€41,564 | +1101.9% |
| Financial income | 75/76B | €86 | €45 | -€41 | -48.1% |
| Recurring financial income | 75 | €86 | €45 | -€41 | -48.1% |
| Financial charges | 65/66B | €5,019 | €12,197 | +€7,178 | +143.0% |
| Recurring financial charges | 65 | €5,019 | €12,197 | +€7,178 | +143.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,161 | €33,183 | +€34,344 | |
| Profit (loss) for the period | 9904 | -€1,161 | €33,183 | +€34,344 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,161 | €33,183 | +€34,344 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.