IRIDI: 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.
IRIDI
Largest movements
- Receivables within one year -€143,708
down €143,708 (-63.0%), from €228,249 to €84,541
of which Trade receivables: -€108,007
- Cash -€47,708
down €47,708 (-42.9%), from €111,126 to €63,418
mainly Contributions, distributions and other (-€284,001) and Other debts (-€109,373)
- Tangible fixed assets +€8,346
up €8,346 (+178.4%), from €4,679 to €13,024
of which Furniture and vehicles: +€8,839
- Other debts -€109,373
down €109,373 (-31.9%), from €342,817 to €233,445
- Tax, wage and social debts -€52,527
down €52,527 (-48.4%), from €108,508 to €55,981
- Reserves -€51,335
down €51,335 (-96.5%), from €53,195 to €1,860
of which Distributable reserves: -€51,335
- Trade debts +€30,164
up €30,164 (+8272.1%), from €365 to €30,529
- Gross operating margin -€147,933
down €147,933 (-32.0%), from €462,183 to €314,250
- Taxes -€39,420
down €39,420 (-33.3%), from €118,391 to €78,971
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 | €523,486 | €340,415 | -€183,071 | -35.0% |
| Fixed assets | 21/28 | €184,110 | €192,456 | +€8,346 | +4.5% |
| Tangible fixed assets | 22/27 | €4,679 | €13,024 | +€8,346 | +178.4% |
| Plant, machinery and equipment | 23 | €4,247 | €3,754 | -€493 | -11.6% |
| Furniture and vehicles | 24 | €432 | €9,270 | +€8,839 | +2047.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €179,431 | €179,431 | = | 0.0% |
| Current assets | 29/58 | €339,376 | €147,959 | -€191,416 | -56.4% |
| Amounts receivable within one year | 40/41 | €228,249 | €84,541 | -€143,708 | -63.0% |
| Trade receivables | 40 | €152,548 | €44,541 | -€108,007 | -70.8% |
| Other amounts receivable | 41 | €75,701 | €40,000 | -€35,701 | -47.2% |
| Cash at bank and in hand | 54/58 | €111,126 | €63,418 | -€47,708 | -42.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €523,486 | €340,415 | -€183,071 | -35.0% |
| Equity | 10/15 | €71,795 | €20,460 | -€51,335 | -71.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €53,195 | €1,860 | -€51,335 | -96.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €51,335 | €0 | -€51,335 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €451,690 | €319,955 | -€131,735 | -29.2% |
| Amounts payable within one year | 42/48 | €451,690 | €319,955 | -€131,735 | -29.2% |
| Trade debts | 44 | €365 | €30,529 | +€30,164 | +8272.1% |
| Suppliers | 440/4 | €365 | €30,529 | +€30,164 | +8272.1% |
| Taxes, remuneration and social security | 45 | €108,508 | €55,981 | -€52,527 | -48.4% |
| Taxes | 450/3 | €108,508 | €55,981 | -€52,527 | -48.4% |
| Other amounts payable | 47/48 | €342,817 | €233,445 | -€109,373 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,358 | €1,663 | +€304 | +22.4% |
| Other operating charges | 640/8 | €500 | €641 | +€141 | +28.2% |
| Gross operating margin | 9900 | €462,183 | €314,250 | -€147,933 | -32.0% |
| Operating profit (loss) | 9901 | €460,325 | €311,946 | -€148,378 | -32.2% |
| Financial income | 75/76B | €1,200 | €0 | -€1,200 | -100.0% |
| Recurring financial income | 75 | €1,200 | €0 | -€1,200 | -100.0% |
| Financial charges | 65/66B | €316 | €310 | -€6 | -1.9% |
| Recurring financial charges | 65 | €316 | €310 | -€6 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €461,209 | €311,636 | -€149,572 | -32.4% |
| Income taxes | 67/77 | €118,391 | €78,971 | -€39,420 | -33.3% |
| Profit (loss) for the period | 9904 | €342,817 | €232,665 | -€110,152 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €342,817 | €232,665 | -€110,152 | -32.1% |
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 1 October 2026 via checked.be.