IRDR: 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.
IRDR
Largest movements
- Receivables within one year +€66,943
up €66,943 (+3732.7%), from €1,793 to €68,736
- Cash -€45,299
down €45,299 (-80.9%), from €55,965 to €10,666
mainly Contributions, distributions and other (-€152,587) and Receivables within one year (-€66,943)
- Current investments -€9,362
down €9,362 (-11.8%), from €79,426 to €70,064
- Tangible fixed assets -€5,009
down €5,009 (-27.4%), from €18,300 to €13,291
of which Furniture and vehicles: -€3,433
- Other debts +€49,176
up €49,176 (+47.6%), from €103,411 to €152,587
- Reserves -€42,363
no longer reported in 2025 (was €42,363)
- Gross operating margin +€69,196
up €69,196 (+85.6%), from €80,884 to €150,080
- Taxes +€15,632
up €15,632 (+95.5%), from €16,375 to €32,007
- Other operating charges +€3,796
up €3,796 (+979.9%), from €387 to €4,183
- Financial income +€1,544
up €1,544 (+161.4%), from €956 to €2,500
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 | €155,555 | €162,757 | +€7,202 | +4.6% |
| Fixed assets | 21/28 | €18,300 | €13,291 | -€5,009 | -27.4% |
| Tangible fixed assets | 22/27 | €18,300 | €13,291 | -€5,009 | -27.4% |
| Land and buildings | 22 | €8,084 | €6,508 | -€1,575 | -19.5% |
| Furniture and vehicles | 24 | €10,216 | €6,783 | -€3,433 | -33.6% |
| Current assets | 29/58 | €137,255 | €149,466 | +€12,211 | +8.9% |
| Amounts receivable within one year | 40/41 | €1,793 | €68,736 | +€66,943 | +3732.7% |
| Other amounts receivable | 41 | €1,793 | €68,736 | +€66,943 | +3732.7% |
| Current investments | 50/53 | €79,426 | €70,064 | -€9,362 | -11.8% |
| Cash at bank and in hand | 54/58 | €55,965 | €10,666 | -€45,299 | -80.9% |
| Deferred charges and accrued income | 490/1 | €71 | - | -€71 | |
| Total equity and liabilities | 10/49 | €155,555 | €162,757 | +€7,202 | +4.6% |
| Equity | 10/15 | €43,363 | €1,000 | -€42,363 | -97.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €42,363 | - | -€42,363 | |
| Distributable reserves | 133 | €42,363 | - | -€42,363 | |
| Amounts payable | 17/49 | €112,192 | €161,757 | +€49,565 | +44.2% |
| Amounts payable within one year | 42/48 | €112,192 | €161,757 | +€49,565 | +44.2% |
| Trade debts | 44 | €3,657 | €3,214 | -€443 | -12.1% |
| Suppliers | 440/4 | €3,657 | €3,214 | -€443 | -12.1% |
| Taxes, remuneration and social security | 45 | €5,125 | €5,956 | +€831 | +16.2% |
| Taxes | 450/3 | €5,125 | €5,956 | +€831 | +16.2% |
| Other amounts payable | 47/48 | €103,411 | €152,587 | +€49,176 | +47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,743 | €6,077 | +€334 | +5.8% |
| Other operating charges | 640/8 | €387 | €4,183 | +€3,796 | +979.9% |
| Gross operating margin | 9900 | €80,884 | €150,080 | +€69,196 | +85.6% |
| Operating profit (loss) | 9901 | €74,753 | €139,820 | +€65,067 | +87.0% |
| Financial income | 75/76B | €956 | €2,500 | +€1,544 | +161.4% |
| Recurring financial income | 75 | €956 | €2,500 | +€1,544 | +161.4% |
| Financial charges | 65/66B | €109 | €90 | -€19 | -17.1% |
| Recurring financial charges | 65 | €109 | €90 | -€19 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €75,601 | €142,230 | +€66,630 | +88.1% |
| Income taxes | 67/77 | €16,375 | €32,007 | +€15,632 | +95.5% |
| Profit (loss) for the period | 9904 | €59,226 | €110,224 | +€50,998 | +86.1% |
| Profit (loss) for the period to be appropriated | 9905 | €59,226 | €110,224 | +€50,998 | +86.1% |
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 9 October 2026 via checked.be.