IRF: 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.
IRF
Largest movements
- Cash +€5,265
up €5,265 (+28382.2%), from €19 to €5,283
mainly Net result for the year (+€6,213) and Tax, wage and social debts (+€1,955)
- Receivables within one year -€1,781
down €1,781 (-5.3%), from €33,476 to €31,695
of which Trade receivables: -€9,425
- Profit (loss) carried forward +€6,213
up €6,213 (+115.9%), from €5,359 to €11,572
- Trade debts -€4,685
down €4,685 (-53.1%), from €8,831 to €4,146
- Tax, wage and social debts +€1,955
up €1,955 (+346.0%), from €565 to €2,520
- Gross operating margin +€6,475
up €6,475 (+233.2%), from €2,777 to €9,252
- Taxes +€1,390
up €1,390 (+246.0%), from €565 to €1,955
- Other operating charges +€1,122
up €1,122 (+152.3%), from €737 to €1,858
- Financial income +€415
up €415 (+42.2%), from €985 to €1,400
- Financial charges -€412
down €412 (-39.7%), from €1,037 to €626
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 | €33,495 | €36,978 | +€3,483 | +10.4% |
| Current assets | 29/58 | €33,495 | €36,978 | +€3,483 | +10.4% |
| Amounts receivable within one year | 40/41 | €33,476 | €31,695 | -€1,781 | -5.3% |
| Trade receivables | 40 | €10,216 | €792 | -€9,425 | -92.3% |
| Other amounts receivable | 41 | €23,260 | €30,903 | +€7,643 | +32.9% |
| Cash at bank and in hand | 54/58 | €19 | €5,283 | +€5,265 | +28382.2% |
| Total equity and liabilities | 10/49 | €33,495 | €36,978 | +€3,483 | +10.4% |
| Equity | 10/15 | €19,419 | €25,632 | +€6,213 | +32.0% |
| Contributions | 10/11 | €12,200 | €12,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,359 | €11,572 | +€6,213 | +115.9% |
| Amounts payable | 17/49 | €14,076 | €11,346 | -€2,730 | -19.4% |
| Amounts payable within one year | 42/48 | €14,076 | €11,346 | -€2,730 | -19.4% |
| Trade debts | 44 | €8,831 | €4,146 | -€4,685 | -53.1% |
| Suppliers | 440/4 | €8,831 | €4,146 | -€4,685 | -53.1% |
| Advances received on contracts in progress | 46 | €4,680 | €4,680 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €565 | €2,520 | +€1,955 | +346.0% |
| Taxes | 450/3 | €565 | €2,520 | +€1,955 | +346.0% |
| Other operating charges | 640/8 | €737 | €1,858 | +€1,122 | +152.3% |
| Gross operating margin | 9900 | €2,777 | €9,252 | +€6,475 | +233.2% |
| Operating profit (loss) | 9901 | €2,040 | €7,394 | +€5,354 | +262.4% |
| Financial income | 75/76B | €985 | €1,400 | +€415 | +42.2% |
| Recurring financial income | 75 | €985 | €1,400 | +€415 | +42.2% |
| Financial charges | 65/66B | €1,037 | €626 | -€412 | -39.7% |
| Recurring financial charges | 65 | €1,037 | €626 | -€412 | -39.7% |
| Profit (loss) for the period before taxes | 9903 | €1,988 | €8,168 | +€6,180 | +310.9% |
| Income taxes | 67/77 | €565 | €1,955 | +€1,390 | +246.0% |
| Profit (loss) for the period | 9904 | €1,423 | €6,213 | +€4,790 | +336.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,423 | €6,213 | +€4,790 | +336.7% |
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 7 October 2026 via checked.be.