IREO: 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.
IREO
Largest movements
- Cash +€51,167
up €51,167 (+169.6%), from €30,170 to €81,336
mainly Net result for the year (+€57,658) and Deferred charges and accrued income (+€11,284)
- Receivables within one year +€19,705
up €19,705 (+184.6%), from €10,672 to €30,377
- Deferred charges and accrued income -€11,284
down €11,284 (-100.0%), from €11,284 to €0
- Profit (loss) carried forward +€57,658
up €57,658 (+167.3%), from €34,461 to €92,119
- Tax, wage and social debts +€1,769
up €1,769 (+10.4%), from €17,067 to €18,836
- Gross operating margin +€30,621
up €30,621 (+66.1%), from €46,310 to €76,931
- Taxes +€6,528
up €6,528 (+71.9%), from €9,080 to €15,608
- Financial charges +€1,252
up €1,252 (+338.8%), from €369 to €1,621
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 | €56,748 | €116,544 | +€59,796 | +105.4% |
| Fixed assets | 21/28 | €4,622 | €4,830 | +€208 | +4.5% |
| Tangible fixed assets | 22/27 | €4,622 | €4,830 | +€208 | +4.5% |
| Plant, machinery and equipment | 23 | €2,922 | €2,608 | -€314 | -10.7% |
| Furniture and vehicles | 24 | €1,700 | €2,223 | +€522 | +30.7% |
| Current assets | 29/58 | €52,126 | €111,713 | +€59,588 | +114.3% |
| Amounts receivable within one year | 40/41 | €10,672 | €30,377 | +€19,705 | +184.6% |
| Trade receivables | 40 | €10,672 | €30,377 | +€19,705 | +184.6% |
| Cash at bank and in hand | 54/58 | €30,170 | €81,336 | +€51,167 | +169.6% |
| Deferred charges and accrued income | 490/1 | €11,284 | €0 | -€11,284 | -100.0% |
| Total equity and liabilities | 10/49 | €56,748 | €116,544 | +€59,796 | +105.4% |
| Equity | 10/15 | €35,861 | €93,519 | +€57,658 | +160.8% |
| Contributions | 10/11 | €1,400 | €1,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,461 | €92,119 | +€57,658 | +167.3% |
| Amounts payable | 17/49 | €20,887 | €23,025 | +€2,138 | +10.2% |
| Amounts payable within one year | 42/48 | €20,887 | €23,025 | +€2,138 | +10.2% |
| Trade debts | 44 | €101 | €478 | +€377 | +373.6% |
| Suppliers | 440/4 | €101 | €478 | +€377 | +373.6% |
| Taxes, remuneration and social security | 45 | €17,067 | €18,836 | +€1,769 | +10.4% |
| Taxes | 450/3 | €17,067 | €18,836 | +€1,769 | +10.4% |
| Other amounts payable | 47/48 | €3,719 | €3,711 | -€9 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,416 | €1,369 | -€47 | -3.3% |
| Other operating charges | 640/8 | €984 | €676 | -€308 | -31.3% |
| Gross operating margin | 9900 | €46,310 | €76,931 | +€30,621 | +66.1% |
| Operating profit (loss) | 9901 | €43,910 | €74,886 | +€30,976 | +70.5% |
| Financial charges | 65/66B | €369 | €1,621 | +€1,252 | +338.8% |
| Recurring financial charges | 65 | €369 | €1,621 | +€1,252 | +338.8% |
| Profit (loss) for the period before taxes | 9903 | €43,541 | €73,265 | +€29,724 | +68.3% |
| Income taxes | 67/77 | €9,080 | €15,608 | +€6,528 | +71.9% |
| Profit (loss) for the period | 9904 | €34,461 | €57,658 | +€23,197 | +67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,461 | €57,658 | +€23,197 | +67.3% |
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.