IRBS: 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.
IRBS
Largest movements
- Receivables within one year +€51,600
up €51,600 (+53.6%), from €96,282 to €147,882
of which Trade receivables: +€77,270
- Stocks and contracts +€15,669
up €15,669 (+54.0%), from €29,032 to €44,700
- Cash -€8,171
down €8,171 (-89.5%), from €9,132 to €960
mainly Receivables within one year (-€51,600) and Other debts (-€48,604)
- Deferred charges and accrued income +€7,298
up €7,298 (+199.9%), from €3,650 to €10,949
- Trade debts +€91,003
up €91,003 (+297.8%), from €30,561 to €121,564
- Other debts -€48,604
down €48,604 (-43.7%), from €111,250 to €62,647
- Short-term financial debts +€22,569
new in 2025: €22,569
- Profit (loss) carried forward +€2,772
up €2,772 (+4.5%), from -€61,284 to -€58,512
- Gross operating margin -€2,117
down €2,117 (-22.6%), from €9,362 to €7,245
- Financial charges +€1,785
up €1,785 (+83.5%), from €2,136 to €3,921
- Financial income -€280
down €280 (-17.5%), from €1,599 to €1,318
- Other operating charges -€151
down €151 (-14.8%), from €1,025 to €874
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 | €140,172 | €205,791 | +€65,619 | +46.8% |
| Fixed assets | 21/28 | €2,077 | €1,300 | -€777 | -37.4% |
| Intangible fixed assets | 21 | €1,416 | €936 | -€480 | -33.9% |
| Tangible fixed assets | 22/27 | €660 | €363 | -€297 | -45.0% |
| Furniture and vehicles | 24 | €660 | €363 | -€297 | -45.0% |
| Current assets | 29/58 | €138,095 | €204,491 | +€66,396 | +48.1% |
| Stocks and contracts in progress | 3 | €29,032 | €44,700 | +€15,669 | +54.0% |
| Contracts in progress | 37 | €29,032 | €44,700 | +€15,669 | +54.0% |
| Amounts receivable within one year | 40/41 | €96,282 | €147,882 | +€51,600 | +53.6% |
| Trade receivables | 40 | €39,437 | €116,707 | +€77,270 | +195.9% |
| Other amounts receivable | 41 | €56,844 | €31,175 | -€25,669 | -45.2% |
| Cash at bank and in hand | 54/58 | €9,132 | €960 | -€8,171 | -89.5% |
| Deferred charges and accrued income | 490/1 | €3,650 | €10,949 | +€7,298 | +199.9% |
| Total equity and liabilities | 10/49 | €140,172 | €205,791 | +€65,619 | +46.8% |
| Equity | 10/15 | -€31,284 | -€28,512 | +€2,772 | +8.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€61,284 | -€58,512 | +€2,772 | +4.5% |
| Amounts payable | 17/49 | €171,456 | €234,303 | +€62,847 | +36.7% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €144,869 | €207,945 | +€63,076 | +43.5% |
| Financial debts | 43 | - | €22,569 | +€22,569 | |
| Credit institutions | 430/8 | - | €22,569 | +€22,569 | |
| Trade debts | 44 | €30,561 | €121,564 | +€91,003 | +297.8% |
| Suppliers | 440/4 | €30,561 | €121,564 | +€91,003 | +297.8% |
| Taxes, remuneration and social security | 45 | €3,058 | €1,166 | -€1,892 | -61.9% |
| Taxes | 450/3 | €3,058 | €1,166 | -€1,892 | -61.9% |
| Other amounts payable | 47/48 | €111,250 | €62,647 | -€48,604 | -43.7% |
| Accrued charges and deferred income | 492/3 | €1,586 | €1,358 | -€229 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €777 | €777 | = | 0.0% |
| Other operating charges | 640/8 | €1,025 | €874 | -€151 | -14.8% |
| Gross operating margin | 9900 | €9,362 | €7,245 | -€2,117 | -22.6% |
| Operating profit (loss) | 9901 | €7,561 | €5,595 | -€1,966 | -26.0% |
| Financial income | 75/76B | €1,599 | €1,318 | -€280 | -17.5% |
| Recurring financial income | 75 | €1,599 | €1,318 | -€280 | -17.5% |
| Financial charges | 65/66B | €2,136 | €3,921 | +€1,785 | +83.5% |
| Recurring financial charges | 65 | €2,136 | €3,921 | +€1,785 | +83.5% |
| Profit (loss) for the period before taxes | 9903 | €7,023 | €2,992 | -€4,031 | -57.4% |
| Income taxes | 67/77 | €227 | €221 | -€7 | -2.9% |
| Profit (loss) for the period | 9904 | €6,796 | €2,772 | -€4,024 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,796 | €2,772 | -€4,024 | -59.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.