iReact: 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.
iReact
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Cash -€11,540
down €11,540 (-11.1%), from €104,011 to €92,471
mainly Current investments (-€50,000) and Contributions, distributions and other (-€41,437)
- Receivables within one year +€11,051
up €11,051 (+58.4%), from €18,915 to €29,966
of which Trade receivables: +€14,738
- Tangible fixed assets -€4,168
down €4,168 (-63.0%), from €6,614 to €2,446
of which Furniture and vehicles: -€2,593
- Other debts +€27,446
up €27,446 (+193.6%), from €14,174 to €41,620
- Tax, wage and social debts +€17,151
up €17,151 (+320.7%), from €5,348 to €22,499
- Trade debts +€2,529
up €2,529 (+103.5%), from €2,443 to €4,971
- Gross operating margin +€34,990
up €34,990 (+120.6%), from €29,008 to €63,998
- Taxes +€9,707
up €9,707 (+138.7%), from €6,996 to €16,704
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 | €138,282 | €184,147 | +€45,865 | +33.2% |
| Fixed assets | 21/28 | €6,614 | €2,446 | -€4,168 | -63.0% |
| Tangible fixed assets | 22/27 | €6,614 | €2,446 | -€4,168 | -63.0% |
| Plant, machinery and equipment | 23 | €2,286 | €710 | -€1,575 | -68.9% |
| Furniture and vehicles | 24 | €4,328 | €1,736 | -€2,593 | -59.9% |
| Current assets | 29/58 | €131,668 | €181,701 | +€50,033 | +38.0% |
| Amounts receivable after more than one year | 29 | €6,700 | €6,804 | +€104 | +1.5% |
| Trade receivables | 290 | €6,700 | €6,804 | +€104 | +1.5% |
| Amounts receivable within one year | 40/41 | €18,915 | €29,966 | +€11,051 | +58.4% |
| Trade receivables | 40 | €15,229 | €29,966 | +€14,738 | +96.8% |
| Other amounts receivable | 41 | €3,686 | - | -€3,686 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €104,011 | €92,471 | -€11,540 | -11.1% |
| Deferred charges and accrued income | 490/1 | €2,042 | €2,460 | +€418 | +20.5% |
| Total equity and liabilities | 10/49 | €138,282 | €184,147 | +€45,865 | +33.2% |
| Equity | 10/15 | €114,668 | €113,556 | -€1,111 | -1.0% |
| Reserves | 13 | €114,668 | €113,556 | -€1,111 | -1.0% |
| Distributable reserves | 133 | €114,668 | €113,556 | -€1,111 | -1.0% |
| Amounts payable | 17/49 | €23,615 | €70,591 | +€46,976 | +198.9% |
| Amounts payable within one year | 42/48 | €21,965 | €69,091 | +€47,126 | +214.6% |
| Trade debts | 44 | €2,443 | €4,971 | +€2,529 | +103.5% |
| Suppliers | 440/4 | €2,443 | €4,971 | +€2,529 | +103.5% |
| Taxes, remuneration and social security | 45 | €5,348 | €22,499 | +€17,151 | +320.7% |
| Taxes | 450/3 | €5,348 | €22,499 | +€17,151 | +320.7% |
| Other amounts payable | 47/48 | €14,174 | €41,620 | +€27,446 | +193.6% |
| Accrued charges and deferred income | 492/3 | €1,650 | €1,500 | -€150 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,476 | €4,168 | -€308 | -6.9% |
| Other operating charges | 640/8 | €2,094 | €2,653 | +€559 | +26.7% |
| Gross operating margin | 9900 | €29,008 | €63,998 | +€34,990 | +120.6% |
| Operating profit (loss) | 9901 | €22,438 | €57,177 | +€34,739 | +154.8% |
| Financial charges | 65/66B | €54 | €147 | +€93 | +172.6% |
| Recurring financial charges | 65 | €54 | €147 | +€93 | +172.6% |
| Profit (loss) for the period before taxes | 9903 | €22,384 | €57,030 | +€34,646 | +154.8% |
| Income taxes | 67/77 | €6,996 | €16,704 | +€9,707 | +138.7% |
| Profit (loss) for the period | 9904 | €15,388 | €40,326 | +€24,938 | +162.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,388 | €40,326 | +€24,938 | +162.1% |
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 8 October 2026 via checked.be.