IRGO: 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.
IRGO
Largest movements
- Receivables within one year +€2,751
new in 2025: €2,751
of which Other amounts receivable: +€2,073
- Deferred charges and accrued income -€2,444
no longer reported in 2025 (was €2,444)
- Cash +€208
up €208 (+22.0%), from €948 to €1,156
mainly Deferred charges and accrued income (+€2,444) and Other debts (+€806)
- Other debts +€806
up €806 (+185.2%), from €435 to €1,241
- Tax, wage and social debts -€210
no longer reported in 2025 (was €210)
- Reserves -€117
down €117 (-15.7%), from €747 to €629
- Gross operating margin +€678
up €678 (+98.2%), from €691 to €1,369
- Financial charges +€18
up €18 (+31.5%), from €59 to €77
- Other operating charges +€14
up €14 (+2.8%), from €505 to €520
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 | €3,392 | €3,906 | +€515 | +15.2% |
| Current assets | 29/58 | €3,392 | €3,906 | +€515 | +15.2% |
| Amounts receivable within one year | 40/41 | - | €2,751 | +€2,751 | |
| Trade receivables | 40 | - | €678 | +€678 | |
| Other amounts receivable | 41 | - | €2,073 | +€2,073 | |
| Cash at bank and in hand | 54/58 | €948 | €1,156 | +€208 | +22.0% |
| Deferred charges and accrued income | 490/1 | €2,444 | - | -€2,444 | |
| Total equity and liabilities | 10/49 | €3,392 | €3,906 | +€515 | +15.2% |
| Equity | 10/15 | €2,747 | €2,629 | -€117 | -4.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €747 | €629 | -€117 | -15.7% |
| Distributable reserves | 133 | €747 | €629 | -€117 | -15.7% |
| Amounts payable | 17/49 | €645 | €1,277 | +€632 | +98.0% |
| Amounts payable within one year | 42/48 | €645 | €1,277 | +€632 | +98.0% |
| Trade debts | 44 | - | €36 | +€36 | |
| Suppliers | 440/4 | - | €36 | +€36 | |
| Taxes, remuneration and social security | 45 | €210 | - | -€210 | |
| Taxes | 450/3 | €210 | - | -€210 | |
| Other amounts payable | 47/48 | €435 | €1,241 | +€806 | +185.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €691 | €1,369 | +€678 | +98.2% |
| Operating profit (loss) | 9901 | €185 | €849 | +€664 | +358.2% |
| Financial charges | 65/66B | €59 | €77 | +€18 | +31.5% |
| Recurring financial charges | 65 | €59 | €77 | +€18 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €127 | €772 | +€646 | +508.9% |
| Income taxes | 67/77 | €10 | - | -€10 | |
| Profit (loss) for the period | 9904 | €117 | €772 | +€655 | +559.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117 | €772 | +€655 | +559.1% |
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 4 October 2026 via checked.be.