IRC.be: 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.
IRC.be
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+293%), from €347,705 to €1.4m
of which Other amounts receivable: +€751,398
- Cash -€225,031
down €225,031 (-30.9%), from €727,780 to €502,749
mainly Receivables within one year (-€1.0m) and Trade debts (-€133,416)
- Tangible fixed assets -€38,782
down €38,782 (-50.3%), from €77,068 to €38,286
of which Plant, machinery and equipment: -€20,683
- Accrued charges and deferred income +€670,378
up €670,378 (+1,639%), from €40,892 to €711,270
- Reserves +€167,618
up €167,618 (+32.5%), from €515,250 to €682,869
of which Distributable reserves: +€172,779
- Trade debts -€133,416
down €133,416 (-46.5%), from €287,048 to €153,632
- Tax, wage and social debts +€40,401
up €40,401 (+30.5%), from €132,624 to €173,025
of which Taxes: +€26,430
- Financial income +€122,617
up €122,617 (+8,082%), from €1,517 to €124,134
- Staff costs +€100,158
up €100,158 (+12.7%), from €787,933 to €888,092
- Gross operating margin +€54,237
up €54,237 (+5.3%), from €1.0m to €1.1m
- Depreciation -€44,796
down €44,796 (-48.1%), from €93,221 to €48,425
- Taxes -€38,006
down €38,006 (-94.6%), from €40,186 to €2,180
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 | €1,175,297 | €1,907,342 | +€732,045 | +62.3% |
| Fixed assets | 21/28 | €86,711 | €38,286 | -€48,425 | -55.8% |
| Intangible fixed assets | 21 | €9,643 | - | -€9,643 | |
| Tangible fixed assets | 22/27 | €77,068 | €38,286 | -€38,782 | -50.3% |
| Plant, machinery and equipment | 23 | €48,019 | €27,336 | -€20,683 | -43.1% |
| Furniture and vehicles | 24 | €29,049 | €10,950 | -€18,099 | -62.3% |
| Current assets | 29/58 | €1,088,586 | €1,869,056 | +€780,470 | +71.7% |
| Stocks and contracts in progress | 3 | €6,875 | - | -€6,875 | |
| Contracts in progress | 37 | €6,875 | - | -€6,875 | |
| Amounts receivable within one year | 40/41 | €347,705 | €1,365,533 | +€1.0m | +293% |
| Trade receivables | 40 | €328,233 | €594,662 | +€266,429 | +81.2% |
| Other amounts receivable | 41 | €19,473 | €770,871 | +€751,398 | +3,859% |
| Cash at bank and in hand | 54/58 | €727,780 | €502,749 | -€225,031 | -30.9% |
| Deferred charges and accrued income | 490/1 | €6,225 | €774 | -€5,451 | -87.6% |
| Total equity and liabilities | 10/49 | €1,175,297 | €1,907,342 | +€732,045 | +62.3% |
| Equity | 10/15 | €577,224 | €744,842 | +€167,618 | +29.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €515,250 | €682,869 | +€167,618 | +32.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,161 | - | -€5,161 | |
| Distributable reserves | 133 | €503,892 | €676,671 | +€172,779 | +34.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €37,454 | €24,573 | -€12,881 | -34.4% |
| Provisions for liabilities and charges | 160/5 | €35,734 | €24,573 | -€11,160 | -31.2% |
| Other liabilities and charges | 164/5 | €35,734 | €24,573 | -€11,160 | -31.2% |
| Deferred taxes | 168 | €1,720 | - | -€1,720 | |
| Amounts payable | 17/49 | €560,620 | €1,137,927 | +€577,307 | +103% |
| Amounts payable within one year | 42/48 | €519,728 | €426,657 | -€93,070 | -17.9% |
| Trade debts | 44 | €287,048 | €153,632 | -€133,416 | -46.5% |
| Suppliers | 440/4 | €287,048 | €153,632 | -€133,416 | -46.5% |
| Taxes, remuneration and social security | 45 | €132,624 | €173,025 | +€40,401 | +30.5% |
| Taxes | 450/3 | €47,733 | €74,163 | +€26,430 | +55.4% |
| Remuneration and social security | 454/9 | €84,891 | €98,862 | +€13,972 | +16.5% |
| Other amounts payable | 47/48 | €100,055 | €100,000 | -€55 | -0.1% |
| Accrued charges and deferred income | 492/3 | €40,892 | €711,270 | +€670,378 | +1,639% |
| Non-recurring operating income | 76A | €3,666 | - | -€3,666 | |
| Remuneration, social security and pensions | 62 | €787,933 | €888,092 | +€100,158 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,221 | €48,425 | -€44,796 | -48.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,077 | -€9,246 | -€22,323 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €750 | -€11,160 | -€11,910 | |
| Other operating charges | 640/8 | €1,957 | €14,470 | +€12,513 | +640% |
| Non-recurring operating charges | 66A | €4,387 | - | -€4,387 | |
| Gross operating margin | 9900 | €1,025,166 | €1,079,403 | +€54,237 | +5.3% |
| Operating profit (loss) | 9901 | €123,841 | €148,823 | +€24,982 | +20.2% |
| Financial income | 75/76B | €1,517 | €124,134 | +€122,617 | +8,082% |
| Recurring financial income | 75 | €1,517 | €124,134 | +€122,617 | +8,082% |
| Financial charges | 65/66B | €9,111 | €4,879 | -€4,232 | -46.5% |
| Recurring financial charges | 65 | €9,111 | €4,879 | -€4,232 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €116,247 | €268,078 | +€151,831 | +131% |
| Transfer from deferred taxes | 780 | €10,850 | €1,720 | -€9,129 | -84.1% |
| Income taxes | 67/77 | €40,186 | €2,180 | -€38,006 | -94.6% |
| Profit (loss) for the period | 9904 | €86,911 | €267,618 | +€180,708 | +208% |
| Transfer from tax-exempt reserves | 789 | €32,549 | €5,161 | -€27,388 | -84.1% |
| Profit (loss) for the period to be appropriated | 9905 | €119,460 | €272,779 | +€153,319 | +128% |
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 14 October 2026 via checked.be.