irex: 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
irex
NACE 62.200, Computer consultancy and computer facilities management
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.4m
2024 · €1.2m+€1.3m
Equity
€9.1m
2024 · €8.0m+€1.1m
Cash
€1.4m
2024 · €950,423+€420,273
Balance sheet total
€13.3m
2024 · €9.7m+€3.6m
Largest movements
Assets
- Receivables within one year +€2.7m
up €2.7m (+442.8%), from €599,472 to €3.3m
of which Trade receivables: +€2.3m
- Tangible fixed assets +€650,643
up €650,643 (+84.7%), from €768,315 to €1.4m
of which Land and buildings: +€571,588
- Current investments -€548,707
down €548,707 (-15.8%), from €3.5m to €2.9m
- Cash +€420,273
up €420,273 (+44.2%), from €950,423 to €1.4m
mainly Net result for the year (+€2.4m) and Other debts (+€793,002)
- Intangible fixed assets +€269,938
new in 2025: €269,938
Equity and liabilities
- Profit (loss) carried forward +€2.4m
up €2.4m (+133.1%), from €1.8m to €4.2m
- Reserves -€1.3m
down €1.3m (-21.0%), from €6.2m to €4.9m
of which Distributable reserves: -€1.3m
- Other debts +€793,002
up €793,002 (+112.9%), from €702,473 to €1.5m
- Trade debts +€591,264
up €591,264 (+891.4%), from €66,329 to €657,593
- Debts after one year +€541,498
up €541,498 (+1083.0%), from €50,000 to €591,498
Income statement
- Turnover +€12.7m
new in 2025: €12.7m
- Goods and materials +€5.3m
new in 2025: €5.3m
- Gross operating margin -€3.9m
no longer reported in 2025 (was €3.9m)
- Services and other goods +€1.4m
new in 2025: €1.4m
- Staff costs +€467,489
up €467,489 (+24.9%), from €1.9m to €2.3m
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
€1.2m
Turnover
+€12.7m
Other operating income
+€154,531
Goods and materials
-€5.3m
Services and other goods
-€1.4m
Staff costs
-€467,489
Depreciation
-€16,344
Other operating charges
-€243,010
Other operating items
-€3.8m
Financial income
-€336,434
Financial charges
+€234,758
Taxes
-€247,155
Result 2025
€2.4m
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.
From operations
+€1.7m
Investment
-€564,047
Financing
-€760,747
Cash 2024
€950,423
From operations (derived)
+€1.7m
Net result for the year
+€2.4m
Depreciation
+€53,324
Receivables within one year
-€2.7m
Trade debts
+€591,264
Tax, wage and social debts
+€501,294
Other debts
+€793,002
Accrued charges and deferred income
+€51,441
Investment (derived)
-€564,047
Investment in fixed assets (net)
-€1.1m
Current investments
+€548,707
Financing
-€760,747
Debts after one year
+€541,498
Current portion of long-term debt
-€170,590
Short-term financial debts
+€168,345
Contributions, distributions and other
-€1.3m
Cash 2025
€1.4m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,738,906 | €13,324,524 | +€3.6m | +36.8% |
| Fixed assets | 21/28 | €4,713,742 | €5,773,173 | +€1.1m | +22.5% |
| Intangible fixed assets | 21 | - | €269,938 | +€269,938 | |
| Tangible fixed assets | 22/27 | €768,315 | €1,418,957 | +€650,643 | +84.7% |
| Land and buildings | 22 | €580,803 | €1,152,391 | +€571,588 | +98.4% |
| Plant, machinery and equipment | 23 | €131,050 | €131,050 | = | 0.0% |
| Furniture and vehicles | 24 | €56,462 | €61,008 | +€4,546 | +8.1% |
| Other tangible fixed assets | 26 | - | €74,509 | +€74,509 | |
| Financial fixed assets | 28 | €3,945,427 | €4,084,277 | +€138,850 | +3.5% |
| Affiliated companies | 280/1 | - | €4,082,027 | +€4.1m | |
| Participating interests | 280 | - | €378,041 | +€378,041 | |
| Amounts receivable | 281 | - | €3,703,986 | +€3.7m | |
| Other financial fixed assets | 284/8 | - | €2,250 | +€2,250 | |
| Amounts receivable and cash guarantees | 285/8 | - | €2,250 | +€2,250 | |
| Current assets | 29/58 | €5,025,164 | €7,551,351 | +€2.5m | +50.3% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €599,472 | €3,254,092 | +€2.7m | +442.8% |
| Trade receivables | 40 | €358,305 | €2,632,095 | +€2.3m | +634.6% |
| Other amounts receivable | 41 | €241,167 | €621,998 | +€380,831 | +157.9% |
| Current investments | 50/53 | €3,475,270 | €2,926,563 | -€548,707 | -15.8% |
| Other investments | 51/53 | - | €2,926,563 | +€2.9m | |
| Cash at bank and in hand | 54/58 | €950,423 | €1,370,696 | +€420,273 | +44.2% |
| Total equity and liabilities | 10/49 | €9,738,906 | €13,324,524 | +€3.6m | +36.8% |
| Equity | 10/15 | €8,025,573 | €9,134,936 | +€1.1m | +13.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €6,201,860 | €4,900,000 | -€1.3m | -21.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €6,200,000 | €4,900,000 | -€1.3m | -21.0% |
| Profit (loss) carried forward | 14 | €1,811,313 | €4,222,536 | +€2.4m | +133.1% |
| Amounts payable | 17/49 | €1,713,334 | €4,189,588 | +€2.5m | +144.5% |
| Amounts payable after more than one year | 17 | €50,000 | €591,498 | +€541,498 | +1083.0% |
| Financial debts | 170/4 | €50,000 | €591,498 | +€541,498 | +1083.0% |
| Other loans | 174 | - | €591,498 | +€591,498 | |
| Amounts payable within one year | 42/48 | €1,659,326 | €3,542,642 | +€1.9m | +113.5% |
| Current portion of amounts payable after more than one year | 42 | €170,590 | - | -€170,590 | |
| Financial debts | 43 | - | €168,345 | +€168,345 | |
| Credit institutions | 430/8 | - | €168,345 | +€168,345 | |
| Trade debts | 44 | €66,329 | €657,593 | +€591,264 | +891.4% |
| Suppliers | 440/4 | €66,329 | €657,593 | +€591,264 | +891.4% |
| Taxes, remuneration and social security | 45 | €719,935 | €1,221,229 | +€501,294 | +69.6% |
| Taxes | 450/3 | €284,459 | €825,547 | +€541,088 | +190.2% |
| Remuneration and social security | 454/9 | €435,475 | €395,681 | -€39,794 | -9.1% |
| Other amounts payable | 47/48 | €702,473 | €1,495,475 | +€793,002 | +112.9% |
| Accrued charges and deferred income | 492/3 | €4,007 | €55,449 | +€51,441 | +1283.7% |
| Operating income | 70/76A | - | €12,922,889 | +€12.9m | |
| Turnover | 70 | - | €12,707,161 | +€12.7m | |
| Other operating income | 74 | - | €154,531 | +€154,531 | |
| Non-recurring operating income | 76A | - | €61,197 | +€61,197 | |
| Operating charges | 60/66A | - | €9,370,504 | +€9.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €5,340,411 | +€5.3m | |
| Purchases | 600/8 | - | €5,340,411 | +€5.3m | |
| Services and other goods | 61 | - | €1,358,992 | +€1.4m | |
| Remuneration, social security and pensions | 62 | €1,880,793 | €2,348,282 | +€467,489 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,979 | €53,324 | +€16,344 | +44.2% |
| Other operating charges | 640/8 | €24,285 | €267,295 | +€243,010 | +1000.7% |
| Non-recurring operating charges | 66A | €803 | €2,199 | +€1,396 | +173.8% |
| Gross operating margin | 9900 | €3,895,224 | - | -€3.9m | |
| Operating profit (loss) | 9901 | €1,952,363 | €3,552,385 | +€1.6m | +82.0% |
| Financial income | 75/76B | €430,264 | €93,830 | -€336,434 | -78.2% |
| Recurring financial income | 75 | €430,264 | €93,830 | -€336,434 | -78.2% |
| Income from financial fixed assets | 750 | - | €0 | = | |
| Income from current assets | 751 | - | €91,632 | +€91,632 | |
| Other financial income | 752/9 | - | €2,198 | +€2,198 | |
| Financial charges | 65/66B | €382,515 | €147,757 | -€234,758 | -61.4% |
| Recurring financial charges | 65 | €95,408 | €147,757 | +€52,349 | +54.9% |
| Debt charges | 650 | - | €145,809 | +€145,809 | |
| Other financial charges | 652/9 | - | €1,948 | +€1,948 | |
| Non-recurring financial charges | 66B | €287,107 | €0 | -€287,107 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €2,000,112 | €3,498,458 | +€1.5m | +74.9% |
| Income taxes | 67/77 | €841,940 | €1,089,095 | +€247,155 | +29.4% |
| Taxes | 670/3 | - | €1,113,482 | +€1.1m | |
| Tax adjustments and reversals of tax provisions | 77 | - | €24,387 | +€24,387 | |
| Profit (loss) for the period | 9904 | €1,158,172 | €2,409,363 | +€1.3m | +108.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,158,172 | €2,409,363 | +€1.3m | +108.0% |
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 9 October 2026 via checked.be.