ircglobe: 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.
ircglobe
Largest movements
- Receivables within one year -€31,829
down €31,829 (-86.5%), from €36,810 to €4,981
of which Trade receivables: -€31,829
- Cash -€9,827
down €9,827 (-40.5%), from €24,285 to €14,458
mainly Net result for the year (-€26,301) and Trade debts (-€17,998)
- Profit (loss) carried forward -€26,301
down €26,301 (-18.2%), from -€144,865 to -€171,166
- Trade debts -€17,998
down €17,998 (-80.3%), from €22,406 to €4,407
- Depreciation -€57,977
down €57,977 (-89.2%), from €65,003 to €7,027
- Gross operating margin -€15,489
down €15,489, from €2,062 to -€13,427
- Write-downs +€3,839
new in 2025: €3,839
- Taxes -€1,715
down €1,715 (-92.2%), from €1,860 to €145
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 | €246,021 | €202,529 | -€43,492 | -17.7% |
| Fixed assets | 21/28 | €184,244 | €182,491 | -€1,753 | -1.0% |
| Tangible fixed assets | 22/27 | €184,244 | €182,491 | -€1,753 | -1.0% |
| Plant, machinery and equipment | 23 | €8,537 | €8,491 | -€46 | -0.5% |
| Furniture and vehicles | 24 | €175,707 | €174,000 | -€1,707 | -1.0% |
| Current assets | 29/58 | €61,777 | €20,039 | -€41,738 | -67.6% |
| Amounts receivable within one year | 40/41 | €36,810 | €4,981 | -€31,829 | -86.5% |
| Trade receivables | 40 | €32,160 | €331 | -€31,829 | -99.0% |
| Other amounts receivable | 41 | €4,650 | €4,650 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,285 | €14,458 | -€9,827 | -40.5% |
| Deferred charges and accrued income | 490/1 | €682 | €599 | -€82 | -12.1% |
| Total equity and liabilities | 10/49 | €246,021 | €202,529 | -€43,492 | -17.7% |
| Equity | 10/15 | -€124,405 | -€150,706 | -€26,301 | -21.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144,865 | -€171,166 | -€26,301 | -18.2% |
| Amounts payable | 17/49 | €370,426 | €353,235 | -€17,191 | -4.6% |
| Amounts payable within one year | 42/48 | €370,426 | €353,235 | -€17,191 | -4.6% |
| Financial debts | 43 | - | €18 | +€18 | |
| Credit institutions | 430/8 | - | €18 | +€18 | |
| Trade debts | 44 | €22,406 | €4,407 | -€17,998 | -80.3% |
| Suppliers | 440/4 | €22,406 | €4,407 | -€17,998 | -80.3% |
| Advances received on contracts in progress | 46 | €769 | - | -€769 | |
| Taxes, remuneration and social security | 45 | €5,638 | €5,228 | -€410 | -7.3% |
| Taxes | 450/3 | €3,939 | €3,523 | -€417 | -10.6% |
| Remuneration and social security | 454/9 | €1,699 | €1,706 | +€7 | +0.4% |
| Other amounts payable | 47/48 | €341,613 | €343,581 | +€1,969 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,003 | €7,027 | -€57,977 | -89.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €3,839 | +€3,839 | |
| Other operating charges | 640/8 | €1,438 | €1,553 | +€115 | +8.0% |
| Gross operating margin | 9900 | €2,062 | -€13,427 | -€15,489 | |
| Operating profit (loss) | 9901 | -€64,379 | -€25,846 | +€38,533 | +59.9% |
| Financial income | 75/76B | €0 | €41 | +€41 | +408300.0% |
| Recurring financial income | 75 | €0 | €41 | +€41 | +408300.0% |
| Financial charges | 65/66B | €238 | €351 | +€113 | +47.3% |
| Recurring financial charges | 65 | €238 | €351 | +€113 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | -€64,617 | -€26,156 | +€38,461 | +59.5% |
| Income taxes | 67/77 | €1,860 | €145 | -€1,715 | -92.2% |
| Profit (loss) for the period | 9904 | -€66,477 | -€26,301 | +€40,176 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,477 | -€26,301 | +€40,176 | +60.4% |
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 7 October 2026 via checked.be.