IRIGO: 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.
IRIGO
Largest movements
- Current investments +€24,631
up €24,631 (+12.4%), from €198,832 to €223,463
- Cash +€19,269
up €19,269 (+31.7%), from €60,856 to €80,125
mainly Net result for the year (+€41,706) and Receivables within one year (+€7,010)
- Receivables within one year -€7,010
down €7,010 (-44.0%), from €15,940 to €8,930
of which Trade receivables: -€7,014
- Tangible fixed assets -€6,071
down €6,071 (-19.9%), from €30,442 to €24,370
of which Furniture and vehicles: -€6,071
- Reserves +€16,128
up €16,128 (+8.1%), from €199,039 to €215,166
- Profit (loss) carried forward +€12,000
up €12,000 (+90.2%), from €13,304 to €25,304
- Accrued charges and deferred income -€5,376
down €5,376 (-62.9%), from €8,543 to €3,168
- Gross operating margin -€4,611
down €4,611 (-6.4%), from €72,608 to €67,997
- Taxes -€2,002
down €2,002 (-11.0%), from €18,172 to €16,169
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 | €310,703 | €338,893 | +€28,190 | +9.1% |
| Fixed assets | 21/28 | €30,792 | €24,720 | -€6,071 | -19.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €30,442 | €24,370 | -€6,071 | -19.9% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €30,442 | €24,370 | -€6,071 | -19.9% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €279,911 | €314,172 | +€34,262 | +12.2% |
| Amounts receivable within one year | 40/41 | €15,940 | €8,930 | -€7,010 | -44.0% |
| Trade receivables | 40 | €15,934 | €8,920 | -€7,014 | -44.0% |
| Other amounts receivable | 41 | €6 | €10 | +€4 | +60.0% |
| Current investments | 50/53 | €198,832 | €223,463 | +€24,631 | +12.4% |
| Cash at bank and in hand | 54/58 | €60,856 | €80,125 | +€19,269 | +31.7% |
| Deferred charges and accrued income | 490/1 | €4,282 | €1,654 | -€2,628 | -61.4% |
| Total equity and liabilities | 10/49 | €310,703 | €338,893 | +€28,190 | +9.1% |
| Equity | 10/15 | €274,343 | €302,470 | +€28,128 | +10.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €199,039 | €215,166 | +€16,128 | +8.1% |
| Non-distributable reserves | 130/1 | €199,039 | €215,166 | +€16,128 | +8.1% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €192,839 | €208,966 | +€16,128 | +8.4% |
| Profit (loss) carried forward | 14 | €13,304 | €25,304 | +€12,000 | +90.2% |
| Amounts payable | 17/49 | €36,360 | €36,423 | +€63 | +0.2% |
| Amounts payable within one year | 42/48 | €27,816 | €33,255 | +€5,439 | +19.6% |
| Trade debts | 44 | €1,111 | €3,035 | +€1,924 | +173.2% |
| Suppliers | 440/4 | €1,111 | €3,035 | +€1,924 | +173.2% |
| Taxes, remuneration and social security | 45 | €10,036 | €10,319 | +€283 | +2.8% |
| Taxes | 450/3 | €10,036 | €10,319 | +€283 | +2.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €16,670 | €19,901 | +€3,232 | +19.4% |
| Accrued charges and deferred income | 492/3 | €8,543 | €3,168 | -€5,376 | -62.9% |
| Remuneration, social security and pensions | 62 | €4,055 | €4,022 | -€33 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,500 | €6,071 | -€428 | -6.6% |
| Other operating charges | 640/8 | €1,052 | €799 | -€253 | -24.1% |
| Gross operating margin | 9900 | €72,608 | €67,997 | -€4,611 | -6.4% |
| Operating profit (loss) | 9901 | €61,001 | €57,105 | -€3,896 | -6.4% |
| Financial income | 75/76B | €854 | €902 | +€49 | +5.7% |
| Recurring financial income | 75 | €854 | €902 | +€49 | +5.7% |
| Financial charges | 65/66B | €171 | €131 | -€40 | -23.1% |
| Recurring financial charges | 65 | €171 | €131 | -€40 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €61,684 | €57,876 | -€3,808 | -6.2% |
| Income taxes | 67/77 | €18,172 | €16,169 | -€2,002 | -11.0% |
| Profit (loss) for the period | 9904 | €43,512 | €41,706 | -€1,806 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,512 | €41,706 | -€1,806 | -4.1% |
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.