irco: 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.
irco
Largest movements
- Receivables within one year +€342,809
up €342,809 (+875%), from €39,157 to €381,966
of which Trade receivables: +€379,781
- Stocks and contracts -€100,000
down €100,000 (-100%), from €100,000 to €0
- Deferred charges and accrued income -€64,898
down €64,898 (-99.2%), from €65,398 to €500
- Cash +€9,294
up €9,294 (+6.2%), from €149,452 to €158,746
mainly Trade debts (+€262,296) and Stocks and contracts (+€100,000)
- Trade debts +€262,296
up €262,296 (+842%), from €31,166 to €293,462
- Debts after one year -€66,733
down €66,733 (-26.0%), from €256,215 to €189,482
of which Trade debts: -€73,068
- Tax, wage and social debts -€16,754
down €16,754 (-45.9%), from €36,489 to €19,735
of which Taxes: -€24,440
- Accrued charges and deferred income +€10,600
new in 2025: €10,600
- Other debts -€6,336
down €6,336 (-100%), from €6,336 to €0
- Financial charges -€4,275
down €4,275 (-98.6%), from €4,337 to €62
- Staff costs +€1,875
up €1,875 (+3.3%), from €56,398 to €58,274
- Taxes +€907
up €907 (+150%), from €607 to €1,514
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 | €361,212 | €546,777 | +€185,565 | +51.4% |
| Fixed assets | 21/28 | €7,204 | €5,565 | -€1,639 | -22.8% |
| Tangible fixed assets | 22/27 | €7,204 | €5,565 | -€1,639 | -22.8% |
| Plant, machinery and equipment | 23 | €7,204 | €5,565 | -€1,639 | -22.8% |
| Financial fixed assets | 28 | €0 | €0 | -€0 | -100% |
| Current assets | 29/58 | €354,008 | €541,212 | +€187,204 | +52.9% |
| Stocks and contracts in progress | 3 | €100,000 | €0 | -€100,000 | -100% |
| Contracts in progress | 37 | €100,000 | €0 | -€100,000 | -100% |
| Amounts receivable within one year | 40/41 | €39,157 | €381,966 | +€342,809 | +875% |
| Trade receivables | 40 | - | €379,781 | +€379,781 | |
| Other amounts receivable | 41 | €39,157 | €2,185 | -€36,972 | -94.4% |
| Cash at bank and in hand | 54/58 | €149,452 | €158,746 | +€9,294 | +6.2% |
| Deferred charges and accrued income | 490/1 | €65,398 | €500 | -€64,898 | -99.2% |
| Total equity and liabilities | 10/49 | €361,212 | €546,777 | +€185,565 | +51.4% |
| Equity | 10/15 | €31,006 | €33,498 | +€2,492 | +8.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €10,546 | €13,038 | +€2,492 | +23.6% |
| Amounts payable | 17/49 | €330,206 | €513,279 | +€183,073 | +55.4% |
| Amounts payable after more than one year | 17 | €256,215 | €189,482 | -€66,733 | -26.0% |
| Financial debts | 170/4 | €183,146 | €189,482 | +€6,336 | +3.5% |
| Trade debts | 175 | €73,068 | €0 | -€73,068 | -100% |
| Amounts payable within one year | 42/48 | €73,991 | €313,197 | +€239,206 | +323% |
| Trade debts | 44 | €31,166 | €293,462 | +€262,296 | +842% |
| Suppliers | 440/4 | €31,166 | €293,462 | +€262,296 | +842% |
| Taxes, remuneration and social security | 45 | €36,489 | €19,735 | -€16,754 | -45.9% |
| Taxes | 450/3 | €29,930 | €5,490 | -€24,440 | -81.7% |
| Remuneration and social security | 454/9 | €6,559 | €14,245 | +€7,686 | +117% |
| Other amounts payable | 47/48 | €6,336 | €0 | -€6,336 | -100% |
| Accrued charges and deferred income | 492/3 | - | €10,600 | +€10,600 | |
| Non-recurring operating income | 76A | - | €962 | +€962 | |
| Remuneration, social security and pensions | 62 | €56,398 | €58,274 | +€1,875 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,639 | €1,639 | +€0 | 0.0% |
| Other operating charges | 640/8 | €590 | €815 | +€225 | +38.2% |
| Gross operating margin | 9900 | €64,942 | €64,387 | -€554 | -0.9% |
| Operating profit (loss) | 9901 | €6,314 | €3,660 | -€2,655 | -42.0% |
| Financial income | 75/76B | - | €408 | +€408 | |
| Recurring financial income | 75 | - | €408 | +€408 | |
| Financial charges | 65/66B | €4,337 | €62 | -€4,275 | -98.6% |
| Recurring financial charges | 65 | €4,337 | €62 | -€4,275 | -98.6% |
| Profit (loss) for the period before taxes | 9903 | €1,977 | €4,006 | +€2,029 | +103% |
| Income taxes | 67/77 | €607 | €1,514 | +€907 | +150% |
| Profit (loss) for the period | 9904 | €1,370 | €2,492 | +€1,121 | +81.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,370 | €2,492 | +€1,121 | +81.8% |
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 18 October 2026 via checked.be.