IRE ELiT: 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.
What changed
IRE ELiT
NACE 21.209, Manufacture of basic pharmaceutical products and pharmaceutical preparations
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6.9m
2024 · €5.4m+€1.5m
Equity
€14.2m
2024 · €7.3m+€6.9m
Cash
€3.6m
2024 · €4.1m-€476,095
Balance sheet total
€19.5m
2024 · €19.5m+€22,081
Largest movements
Assets
- Current investments +€1.2m
up €1.2m (+157,467%), from €762 to €1.2m
- Receivables within one year +€803,463
up €803,463 (+18.9%), from €4.3m to €5.1m
of which Trade receivables: +€915,723
- Stocks and contracts -€705,952
down €705,952 (-17.4%), from €4.1m to €3.4m
- Cash -€476,095
down €476,095 (-11.7%), from €4.1m to €3.6m
mainly Debts after one year (-€7.3m) and Current investments (-€1.2m)
- Intangible fixed assets -€440,565
down €440,565 (-21.2%), from €2.1m to €1.6m
Equity and liabilities
- Debts after one year -€7.3m
down €7.3m (-100%), from €7.3m to €0
- Profit (loss) carried forward +€6.5m
up €6.5m (+507%), from €1.3m to €7.8m
- Trade debts +€348,674
up €348,674 (+12.6%), from €2.8m to €3.1m
- Reserves +€343,623
up €343,623 (+507%), from €67,765 to €411,388
Income statement
- Turnover +€6.6m
up €6.6m (+17.4%), from €38.0m to €44.6m
- Services and other goods +€4.1m
up €4.1m (+37.1%), from €10.9m to €15.0m
- Goods and materials -€1.4m
down €1.4m (-9.0%), from €16.0m to €14.6m
of which Purchases: -€1.1m
- Other operating income -€834,628
down €834,628 (-84.4%), from €989,189 to €154,561
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.
Result 2024
€5.4m
Turnover
+€6.6m
Other operating income
-€834,628
Goods and materials
+€1.4m
Services and other goods
-€4.1m
Staff costs
-€332,958
Depreciation
-€34,864
Write-downs
+€42,750
Provisions
+€4,071
Other operating charges
+€17,536
Other operating items
-€1.0m
Financial income
-€52,240
Financial charges
-€236,055
Taxes
-€21,652
Result 2025
€6.9m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€8.1m
Investment
-€1.3m
Financing
-€7.3m
Cash 2024
€4.1m
From operations (derived)
+€8.1m
Net result for the year
+€6.9m
Depreciation
+€948,131
Stocks and contracts
+€705,952
Receivables within one year
-€803,463
Smaller working-capital items
-€80
Provisions
+€83,814
Trade debts
+€348,674
Tax, wage and social debts
-€24,129
Investment (derived)
-€1.3m
Investment in fixed assets (net)
-€148,210
Current investments
-€1.2m
Financing
-€7.3m
Debts after one year
-€7.3m
Cash 2025
€3.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,471,529 | €19,493,610 | +€22,081 | +0.1% |
| Fixed assets | 21/28 | €7,086,749 | €6,286,828 | -€799,921 | -11.3% |
| Intangible fixed assets | 21 | €2,076,249 | €1,635,684 | -€440,565 | -21.2% |
| Tangible fixed assets | 22/27 | €4,978,075 | €4,606,857 | -€371,218 | -7.5% |
| Land and buildings | 22 | €235,964 | €223,394 | -€12,570 | -5.3% |
| Plant, machinery and equipment | 23 | €1,367,011 | €1,353,727 | -€13,284 | -1.0% |
| Furniture and vehicles | 24 | €41,493 | €49,735 | +€8,242 | +19.9% |
| Other tangible fixed assets | 26 | €766,866 | €626,764 | -€140,102 | -18.3% |
| Assets under construction and advance payments | 27 | €2,566,741 | €2,353,236 | -€213,505 | -8.3% |
| Financial fixed assets | 28 | €32,425 | €44,288 | +€11,863 | +36.6% |
| Other financial fixed assets | 284/8 | €32,425 | €44,288 | +€11,863 | +36.6% |
| Amounts receivable and cash guarantees | 285/8 | €32,425 | €44,288 | +€11,863 | +36.6% |
| Current assets | 29/58 | €12,384,780 | €13,206,782 | +€822,002 | +6.6% |
| Stocks and contracts in progress | 3 | €4,059,341 | €3,353,389 | -€705,952 | -17.4% |
| Stocks | 30/36 | €4,059,341 | €3,353,389 | -€705,952 | -17.4% |
| Raw materials and consumables | 30/31 | €1,374,065 | €1,298,519 | -€75,546 | -5.5% |
| Work in progress | 32 | €2,059,709 | €1,589,525 | -€470,184 | -22.8% |
| Finished goods | 33 | €595,646 | €404,749 | -€190,898 | -32.0% |
| Goods purchased for resale | 34 | €29,921 | €60,597 | +€30,676 | +103% |
| Amounts receivable within one year | 40/41 | €4,252,992 | €5,056,455 | +€803,463 | +18.9% |
| Trade receivables | 40 | €3,595,522 | €4,511,245 | +€915,723 | +25.5% |
| Other amounts receivable | 41 | €657,471 | €545,210 | -€112,260 | -17.1% |
| Current investments | 50/53 | €762 | €1,200,012 | +€1.2m | +157,467% |
| Other investments | 51/53 | €762 | €1,200,012 | +€1.2m | +157,467% |
| Cash at bank and in hand | 54/58 | €4,065,820 | €3,589,725 | -€476,095 | -11.7% |
| Deferred charges and accrued income | 490/1 | €5,866 | €7,201 | +€1,336 | +22.8% |
| Total equity and liabilities | 10/49 | €19,471,529 | €19,493,610 | +€22,081 | +0.1% |
| Equity | 10/15 | €7,306,265 | €14,178,731 | +€6.9m | +94.1% |
| Contributions | 10/11 | €5,950,966 | €5,950,966 | = | 0.0% |
| Capital | 10 | €5,950,966 | €5,950,966 | = | 0.0% |
| Issued capital | 100 | €5,950,966 | €5,950,966 | = | 0.0% |
| Reserves | 13 | €67,765 | €411,388 | +€343,623 | +507% |
| Non-distributable reserves | 130/1 | €67,765 | €411,388 | +€343,623 | +507% |
| Legal reserve | 130 | €67,765 | €411,388 | +€343,623 | +507% |
| Profit (loss) carried forward | 14 | €1,287,534 | €7,816,377 | +€6.5m | +507% |
| Provisions and deferred taxes | 16 | €780,423 | €864,238 | +€83,814 | +10.7% |
| Provisions for liabilities and charges | 160/5 | €780,423 | €864,238 | +€83,814 | +10.7% |
| Other liabilities and charges | 164/5 | €780,423 | €864,238 | +€83,814 | +10.7% |
| Amounts payable | 17/49 | €11,384,841 | €4,450,641 | -€6.9m | -60.9% |
| Amounts payable after more than one year | 17 | €7,260,000 | €0 | -€7.3m | -100% |
| Financial debts | 170/4 | €7,260,000 | €0 | -€7.3m | -100% |
| Other loans | 174 | €7,260,000 | €0 | -€7.3m | -100% |
| Amounts payable within one year | 42/48 | €3,986,668 | €4,313,141 | +€326,473 | +8.2% |
| Trade debts | 44 | €2,773,490 | €3,122,164 | +€348,674 | +12.6% |
| Suppliers | 440/4 | €2,773,490 | €3,122,164 | +€348,674 | +12.6% |
| Taxes, remuneration and social security | 45 | €1,213,178 | €1,189,049 | -€24,129 | -2.0% |
| Taxes | 450/3 | €106,753 | €17,161 | -€89,592 | -83.9% |
| Remuneration and social security | 454/9 | €1,106,425 | €1,171,888 | +€65,463 | +5.9% |
| Other amounts payable | 47/48 | - | €1,928 | +€1,928 | |
| Accrued charges and deferred income | 492/3 | €138,173 | €137,500 | -€673 | -0.5% |
| Operating income | 70/76A | €39,561,665 | €44,280,905 | +€4.7m | +11.9% |
| Turnover | 70 | €37,992,619 | €44,587,904 | +€6.6m | +17.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €579,857 | -€461,560 | -€1.0m | |
| Other operating income | 74 | €989,189 | €154,561 | -€834,628 | -84.4% |
| Operating charges | 60/66A | €33,807,829 | €36,724,910 | +€2.9m | +8.6% |
| Goods for resale, raw materials and consumables | 60 | €16,027,075 | €14,587,511 | -€1.4m | -9.0% |
| Purchases | 600/8 | €15,580,234 | €14,498,155 | -€1.1m | -6.9% |
| Change in stocks: decrease (increase) | 609 | €446,841 | €89,356 | -€357,485 | -80.0% |
| Services and other goods | 61 | €10,912,901 | €14,966,079 | +€4.1m | +37.1% |
| Remuneration, social security and pensions | 62 | €5,848,107 | €6,181,065 | +€332,958 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913,267 | €948,131 | +€34,864 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€42,750 | -€42,750 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €87,885 | €83,814 | -€4,071 | -4.6% |
| Other operating charges | 640/8 | €18,595 | €1,060 | -€17,536 | -94.3% |
| Non-recurring operating charges | 66A | €0 | €0 | = | |
| Operating profit (loss) | 9901 | €5,753,835 | €7,555,995 | +€1.8m | +31.3% |
| Financial income | 75/76B | €471,357 | €419,117 | -€52,240 | -11.1% |
| Recurring financial income | 75 | €471,357 | €419,117 | -€52,240 | -11.1% |
| Income from current assets | 751 | €52,619 | €62,986 | +€10,367 | +19.7% |
| Other financial income | 752/9 | €418,738 | €356,131 | -€62,607 | -15.0% |
| Non-recurring financial income | 76B | €0 | €0 | = | |
| Financial charges | 65/66B | €690,533 | €926,588 | +€236,055 | +34.2% |
| Recurring financial charges | 65 | €690,533 | €926,588 | +€236,055 | +34.2% |
| Debt charges | 650 | €26,235 | €29,107 | +€2,872 | +10.9% |
| Other financial charges | 652/9 | €664,298 | €897,481 | +€233,184 | +35.1% |
| Profit (loss) for the period before taxes | 9903 | €5,534,659 | €7,048,523 | +€1.5m | +27.4% |
| Income taxes | 67/77 | €154,404 | €176,057 | +€21,652 | +14.0% |
| Taxes | 670/3 | €154,404 | €188,896 | +€34,492 | +22.3% |
| Tax adjustments and reversals of tax provisions | 77 | - | €12,839 | +€12,839 | |
| Profit (loss) for the period | 9904 | €5,380,255 | €6,872,467 | +€1.5m | +27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,380,255 | €6,872,467 | +€1.5m | +27.7% |
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 19 October 2026 via checked.be.