IRIDIUM: 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.
IRIDIUM
Largest movements
- Cash -€94,199
down €94,199 (-86.8%), from €108,511 to €14,313
mainly Receivables within one year (-€54,984) and Contributions, distributions and other (-€35,000)
- Receivables within one year +€54,984
up €54,984 (+1645.3%), from €3,342 to €58,326
of which Other amounts receivable: +€54,984
- Profit (loss) carried forward -€41,174
down €41,174 (-91.5%), from €45,012 to €3,838
- Other debts +€35,000
new in 2025: €35,000
- Tax, wage and social debts -€34,075
down €34,075 (-100.0%), from €34,075 to €0
- Gross operating margin +€2,343
up €2,343 (+23.3%), from -€10,037 to -€7,695
- Financial income +€1,378
up €1,378 (+167.6%), from €822 to €2,200
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 | €173,235 | €133,436 | -€39,799 | -23.0% |
| Formation expenses | 20 | €442 | €235 | -€207 | -46.7% |
| Fixed assets | 21/28 | €812 | €434 | -€378 | -46.5% |
| Tangible fixed assets | 22/27 | €812 | €434 | -€378 | -46.5% |
| Furniture and vehicles | 24 | €812 | €434 | -€378 | -46.5% |
| Current assets | 29/58 | €171,981 | €132,767 | -€39,214 | -22.8% |
| Amounts receivable within one year | 40/41 | €3,342 | €58,326 | +€54,984 | +1645.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,342 | €58,326 | +€54,984 | +1645.3% |
| Current investments | 50/53 | €60,128 | €60,128 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,511 | €14,313 | -€94,199 | -86.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €173,235 | €133,436 | -€39,799 | -23.0% |
| Equity | 10/15 | €138,798 | €97,624 | -€41,174 | -29.7% |
| Contributions | 10/11 | €11,100 | €11,100 | = | 0.0% |
| Reserves | 13 | €82,686 | €82,686 | = | 0.0% |
| Distributable reserves | 133 | €82,686 | €82,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,012 | €3,838 | -€41,174 | -91.5% |
| Amounts payable | 17/49 | €34,437 | €35,812 | +€1,375 | +4.0% |
| Amounts payable within one year | 42/48 | €34,437 | €35,812 | +€1,375 | +4.0% |
| Trade debts | 44 | €362 | €812 | +€450 | +124.5% |
| Suppliers | 440/4 | €362 | €812 | +€450 | +124.5% |
| Taxes, remuneration and social security | 45 | €34,075 | €0 | -€34,075 | -100.0% |
| Taxes | 450/3 | €34,075 | €0 | -€34,075 | -100.0% |
| Other amounts payable | 47/48 | - | €35,000 | +€35,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €581 | €584 | +€3 | +0.5% |
| Other operating charges | 640/8 | €25 | €50 | +€25 | +100.0% |
| Gross operating margin | 9900 | -€10,037 | -€7,695 | +€2,343 | +23.3% |
| Operating profit (loss) | 9901 | -€10,644 | -€8,329 | +€2,315 | +21.7% |
| Financial income | 75/76B | €822 | €2,200 | +€1,378 | +167.6% |
| Recurring financial income | 75 | €822 | €2,200 | +€1,378 | +167.6% |
| Financial charges | 65/66B | €47 | €45 | -€2 | -4.3% |
| Recurring financial charges | 65 | €47 | €45 | -€2 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,869 | -€6,174 | +€3,695 | +37.4% |
| Income taxes | 67/77 | €13 | - | -€13 | |
| Profit (loss) for the period | 9904 | -€9,881 | -€6,174 | +€3,708 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,881 | -€6,174 | +€3,708 | +37.5% |
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 10 October 2026 via checked.be.