IORTEK: 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.
IORTEK
Largest movements
- Current investments -€1.8m
down €1.8m (-100.0%), from €1.8m to €0
- Financial fixed assets -€1.6m
down €1.6m (-29.8%), from €5.4m to €3.8m
- Cash +€1.5m
up €1.5m (+270.6%), from €558,504 to €2.1m
mainly Current investments (+€1.8m) and Investment in fixed assets (net) (+€1.6m)
- Receivables within one year +€834,856
up €834,856 (+425.4%), from €196,269 to €1.0m
- Profit (loss) carried forward -€962,307
down €962,307 (-17.8%), from €5.4m to €4.4m
- Accrued charges and deferred income -€259,169
down €259,169 (-100.0%), from €259,169 to €0
- Other debts +€189,508
up €189,508 (+11.6%), from €1.6m to €1.8m
- Financial income -€324,896
down €324,896 (-30.4%), from €1.1m to €744,406
of which Financial income: -€324,896
- Financial charges +€234,529
up €234,529 (+2775.9%), from €8,449 to €242,978
of which Non-recurring financial charges: +€234,471
- Taxes +€160,212
up €160,212, from -€151,182 to €9,030
- Gross operating margin -€1,806
down €1,806 (-28.9%), from -€6,256 to -€8,062
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 | €7,976,622 | €6,906,840 | -€1.1m | -13.4% |
| Fixed assets | 21/28 | €5,421,849 | €3,806,100 | -€1.6m | -29.8% |
| Financial fixed assets | 28 | €5,421,849 | €3,806,100 | -€1.6m | -29.8% |
| Current assets | 29/58 | €2,554,773 | €3,100,740 | +€545,967 | +21.4% |
| Amounts receivable within one year | 40/41 | €196,269 | €1,031,125 | +€834,856 | +425.4% |
| Other amounts receivable | 41 | €196,269 | €1,031,125 | +€834,856 | +425.4% |
| Current investments | 50/53 | €1,800,000 | €0 | -€1.8m | -100.0% |
| Cash at bank and in hand | 54/58 | €558,504 | €2,069,615 | +€1.5m | +270.6% |
| Total equity and liabilities | 10/49 | €7,976,622 | €6,906,840 | -€1.1m | -13.4% |
| Equity | 10/15 | €6,071,029 | €5,054,366 | -€1.0m | -16.7% |
| Contributions | 10/11 | €600,000 | €550,585 | -€49,415 | -8.2% |
| Revaluation surpluses | 12 | €1,533 | €1,533 | = | 0.0% |
| Reserves | 13 | €60,000 | €55,059 | -€4,942 | -8.2% |
| Distributable reserves | 133 | €60,000 | €55,059 | -€4,942 | -8.2% |
| Profit (loss) carried forward | 14 | €5,409,496 | €4,447,189 | -€962,307 | -17.8% |
| Amounts payable | 17/49 | €1,905,593 | €1,852,474 | -€53,119 | -2.8% |
| Amounts payable within one year | 42/48 | €1,646,424 | €1,852,474 | +€206,050 | +12.5% |
| Trade debts | 44 | €0 | €7,512 | +€7,512 | |
| Suppliers | 440/4 | €0 | €7,512 | +€7,512 | |
| Taxes, remuneration and social security | 45 | €16,521 | €25,551 | +€9,030 | +54.7% |
| Taxes | 450/3 | €16,521 | €25,551 | +€9,030 | +54.7% |
| Other amounts payable | 47/48 | €1,629,903 | €1,819,410 | +€189,508 | +11.6% |
| Accrued charges and deferred income | 492/3 | €259,169 | €0 | -€259,169 | -100.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | -€6,256 | -€8,062 | -€1,806 | -28.9% |
| Operating profit (loss) | 9901 | -€7,224 | -€9,060 | -€1,837 | -25.4% |
| Financial income | 75/76B | €1,069,302 | €744,406 | -€324,896 | -30.4% |
| Recurring financial income | 75 | €1,069,302 | €744,406 | -€324,896 | -30.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €8,449 | €242,978 | +€234,529 | +2775.9% |
| Recurring financial charges | 65 | €1,450 | €1,509 | +€59 | +4.1% |
| Non-recurring financial charges | 66B | €6,999 | €241,470 | +€234,471 | +3350.1% |
| Profit (loss) for the period before taxes | 9903 | €1,053,630 | €492,367 | -€561,262 | -53.3% |
| Income taxes | 67/77 | -€151,182 | €9,030 | +€160,212 | |
| Profit (loss) for the period | 9904 | €1,204,812 | €483,337 | -€721,475 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,204,812 | €483,337 | -€721,475 | -59.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.