ierma: 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.
ierma
Largest movements
- Tangible fixed assets +€45,207
new in 2025: €45,207
of which Furniture and vehicles: +€43,296
- Receivables within one year +€35,682
up €35,682 (+12,439%), from €287 to €35,969
of which Trade receivables: +€35,969
- Cash +€9,896
up €9,896 (+537,823%), from €2 to €9,898
mainly Net result for the year (+€34,201) and Debts after one year (+€28,459)
- Debts after one year +€28,459
new in 2025: €28,459
- Reserves +€22,367
new in 2025: €22,367
- Tax, wage and social debts +€19,519
new in 2025: €19,519
of which Taxes: +€17,519
- Current portion of long-term debt +€8,328
new in 2025: €8,328
- Other debts +€6,455
up €6,455 (+208%), from €3,111 to €9,566
- Gross operating margin +€55,384
up €55,384, from -€1,757 to €53,626
- Depreciation +€9,011
new in 2025: €9,011
- Taxes +€8,159
new in 2025: €8,159
- Financial charges +€1,317
up €1,317 (+658,350%), from €0 to €1,317
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 | €289 | €91,942 | +€91,654 | +31,747% |
| Fixed assets | 21/28 | - | €45,207 | +€45,207 | |
| Tangible fixed assets | 22/27 | - | €45,207 | +€45,207 | |
| Plant, machinery and equipment | 23 | - | €1,911 | +€1,911 | |
| Furniture and vehicles | 24 | - | €43,296 | +€43,296 | |
| Current assets | 29/58 | €289 | €46,735 | +€46,447 | +16,088% |
| Amounts receivable within one year | 40/41 | €287 | €35,969 | +€35,682 | +12,439% |
| Trade receivables | 40 | - | €35,969 | +€35,969 | |
| Other amounts receivable | 41 | €287 | €0 | -€287 | -100% |
| Cash at bank and in hand | 54/58 | €2 | €9,898 | +€9,896 | +537,823% |
| Deferred charges and accrued income | 490/1 | €0 | €868 | +€868 | |
| Total equity and liabilities | 10/49 | €289 | €91,942 | +€91,654 | +31,747% |
| Equity | 10/15 | -€2,952 | €25,367 | +€28,318 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €22,367 | +€22,367 | |
| Distributable reserves | 133 | - | €22,367 | +€22,367 | |
| Profit (loss) carried forward | 14 | -€5,952 | €0 | +€5,952 | |
| Amounts payable | 17/49 | €3,240 | €66,576 | +€63,335 | +1,955% |
| Amounts payable after more than one year | 17 | - | €28,459 | +€28,459 | |
| Financial debts | 170/4 | - | €28,459 | +€28,459 | |
| Amounts payable within one year | 42/48 | €3,175 | €38,049 | +€34,875 | +1,099% |
| Current portion of amounts payable after more than one year | 42 | - | €8,328 | +€8,328 | |
| Trade debts | 44 | €64 | €636 | +€572 | +897% |
| Suppliers | 440/4 | €64 | €636 | +€572 | +897% |
| Taxes, remuneration and social security | 45 | - | €19,519 | +€19,519 | |
| Taxes | 450/3 | - | €17,519 | +€17,519 | |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €3,111 | €9,566 | +€6,455 | +208% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,011 | +€9,011 | |
| Other operating charges | 640/8 | €526 | €940 | +€414 | +78.6% |
| Gross operating margin | 9900 | -€1,757 | €53,626 | +€55,384 | |
| Operating profit (loss) | 9901 | -€2,284 | €43,676 | +€45,959 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €0 | €1,317 | +€1,317 | +658,350% |
| Recurring financial charges | 65 | €0 | €1,317 | +€1,317 | +658,350% |
| Profit (loss) for the period before taxes | 9903 | -€2,284 | €42,360 | +€44,643 | |
| Income taxes | 67/77 | - | €8,159 | +€8,159 | |
| Profit (loss) for the period | 9904 | -€2,284 | €34,201 | +€36,484 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,284 | €34,201 | +€36,484 |
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 15 October 2026 via checked.be.