IRALGO: 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.
IRALGO
Largest movements
- Receivables within one year -€40,627
down €40,627 (-96.8%), from €41,953 to €1,326
of which Trade receivables: -€41,473
- Cash -€13,178
down €13,178 (-68.5%), from €19,227 to €6,049
mainly Net result for the year (-€39,072) and Trade debts (-€21,262)
- Tangible fixed assets -€8,245
down €8,245 (-96.8%), from €8,516 to €271
- Reserves -€39,072
down €39,072 (-51.1%), from €76,419 to €37,347
- Trade debts -€21,262
down €21,262 (-88.1%), from €24,131 to €2,869
- Tax, wage and social debts -€19,490
down €19,490 (-70.5%), from €27,630 to €8,140
of which Taxes: -€19,490
- Other debts +€17,458
up €17,458 (+74.9%), from €23,323 to €40,781
- Debts after one year -€15,000
down €15,000 (-30.0%), from €50,000 to €35,000
- Gross operating margin -€67,104
down €67,104, from €38,271 to -€28,833
- Taxes -€6,855
down €6,855 (-97.1%), from €7,064 to €208
- Other operating charges +€389
up €389 (+57.0%), from €682 to €1,071
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 | €221,093 | €159,110 | -€61,983 | -28.0% |
| Fixed assets | 21/28 | €8,516 | €271 | -€8,245 | -96.8% |
| Tangible fixed assets | 22/27 | €8,516 | €271 | -€8,245 | -96.8% |
| Furniture and vehicles | 24 | €8,516 | €271 | -€8,245 | -96.8% |
| Current assets | 29/58 | €212,577 | €158,839 | -€53,738 | -25.3% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €41,953 | €1,326 | -€40,627 | -96.8% |
| Trade receivables | 40 | €41,953 | €480 | -€41,473 | -98.9% |
| Other amounts receivable | 41 | - | €846 | +€846 | |
| Cash at bank and in hand | 54/58 | €19,227 | €6,049 | -€13,178 | -68.5% |
| Deferred charges and accrued income | 490/1 | €1,397 | €1,465 | +€68 | +4.8% |
| Total equity and liabilities | 10/49 | €221,093 | €159,110 | -€61,983 | -28.0% |
| Equity | 10/15 | €80,919 | €41,847 | -€39,072 | -48.3% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €76,419 | €37,347 | -€39,072 | -51.1% |
| Distributable reserves | 133 | €76,419 | €37,347 | -€39,072 | -51.1% |
| Amounts payable | 17/49 | €140,174 | €117,263 | -€22,911 | -16.3% |
| Amounts payable after more than one year | 17 | €50,000 | €35,000 | -€15,000 | -30.0% |
| Financial debts | 170/4 | €50,000 | €35,000 | -€15,000 | -30.0% |
| Amounts payable within one year | 42/48 | €90,084 | €81,790 | -€8,294 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €30,000 | +€15,000 | +100.0% |
| Trade debts | 44 | €24,131 | €2,869 | -€21,262 | -88.1% |
| Suppliers | 440/4 | €24,131 | €2,869 | -€21,262 | -88.1% |
| Taxes, remuneration and social security | 45 | €27,630 | €8,140 | -€19,490 | -70.5% |
| Taxes | 450/3 | €26,763 | €7,273 | -€19,490 | -72.8% |
| Remuneration and social security | 454/9 | €867 | €867 | = | 0.0% |
| Other amounts payable | 47/48 | €23,323 | €40,781 | +€17,458 | +74.9% |
| Accrued charges and deferred income | 492/3 | €90 | €473 | +€383 | +427.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,245 | €8,245 | +€0 | 0.0% |
| Other operating charges | 640/8 | €682 | €1,071 | +€389 | +57.0% |
| Gross operating margin | 9900 | €38,271 | -€28,833 | -€67,104 | |
| Operating profit (loss) | 9901 | €29,345 | -€38,148 | -€67,493 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -50.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -50.0% |
| Financial charges | 65/66B | €1,029 | €715 | -€313 | -30.4% |
| Recurring financial charges | 65 | €1,029 | €715 | -€313 | -30.4% |
| Profit (loss) for the period before taxes | 9903 | €28,316 | -€38,864 | -€67,180 | |
| Income taxes | 67/77 | €7,064 | €208 | -€6,855 | -97.1% |
| Profit (loss) for the period | 9904 | €21,253 | -€39,072 | -€60,325 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,253 | -€39,072 | -€60,325 |
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 2 October 2026 via checked.be.