IRINIA: 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.
IRINIA
Largest movements
- Stocks and contracts +€75,702
up €75,702 (+41.0%), from €184,418 to €260,120
- Tangible fixed assets -€11,346
down €11,346 (-32.9%), from €34,534 to €23,187
- Receivables within one year -€7,659
down €7,659 (-21.6%), from €35,404 to €27,744
of which Other amounts receivable: -€11,755
- Cash -€6,512
down €6,512 (-98.8%), from €6,590 to €78
mainly Net result for the year (-€85,530) and Stocks and contracts (-€75,702)
- Profit (loss) carried forward -€85,530
down €85,530 (-782.3%), from -€10,933 to -€96,463
- Trade debts +€84,661
up €84,661 (+62.4%), from €135,594 to €220,255
- Tax, wage and social debts +€46,444
up €46,444 (+39.8%), from €116,656 to €163,099
of which Taxes: +€44,686
- Other debts +€4,810
new in 2025: €4,810
- Gross operating margin -€44,627
down €44,627 (-22.7%), from €196,320 to €151,693
- Staff costs -€7,725
down €7,725 (-5.0%), from €153,952 to €146,226
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 | €261,768 | €312,152 | +€50,384 | +19.2% |
| Fixed assets | 21/28 | €35,357 | €24,010 | -€11,346 | -32.1% |
| Tangible fixed assets | 22/27 | €34,534 | €23,187 | -€11,346 | -32.9% |
| Plant, machinery and equipment | 23 | €10,666 | €7,705 | -€2,961 | -27.8% |
| Furniture and vehicles | 24 | €9,755 | €5,625 | -€4,130 | -42.3% |
| Other tangible fixed assets | 26 | €14,113 | €9,858 | -€4,255 | -30.2% |
| Financial fixed assets | 28 | €823 | €823 | = | 0.0% |
| Current assets | 29/58 | €226,412 | €288,142 | +€61,730 | +27.3% |
| Stocks and contracts in progress | 3 | €184,418 | €260,120 | +€75,702 | +41.0% |
| Stocks | 30/36 | €184,418 | €260,120 | +€75,702 | +41.0% |
| Amounts receivable within one year | 40/41 | €35,404 | €27,744 | -€7,659 | -21.6% |
| Trade receivables | 40 | - | €4,096 | +€4,096 | |
| Other amounts receivable | 41 | €35,404 | €23,649 | -€11,755 | -33.2% |
| Cash at bank and in hand | 54/58 | €6,590 | €78 | -€6,512 | -98.8% |
| Deferred charges and accrued income | 490/1 | - | €199 | +€199 | |
| Total equity and liabilities | 10/49 | €261,768 | €312,152 | +€50,384 | +19.2% |
| Equity | 10/15 | €9,518 | -€76,012 | -€85,530 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,933 | -€96,463 | -€85,530 | -782.3% |
| Amounts payable | 17/49 | €252,250 | €388,164 | +€135,914 | +53.9% |
| Amounts payable within one year | 42/48 | €252,250 | €388,164 | +€135,914 | +53.9% |
| Trade debts | 44 | €135,594 | €220,255 | +€84,661 | +62.4% |
| Suppliers | 440/4 | €135,594 | €220,255 | +€84,661 | +62.4% |
| Taxes, remuneration and social security | 45 | €116,656 | €163,099 | +€46,444 | +39.8% |
| Taxes | 450/3 | €92,959 | €137,645 | +€44,686 | +48.1% |
| Remuneration and social security | 454/9 | €23,697 | €25,454 | +€1,757 | +7.4% |
| Other amounts payable | 47/48 | - | €4,810 | +€4,810 | |
| Remuneration, social security and pensions | 62 | €153,952 | €146,226 | -€7,725 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,325 | €11,346 | -€979 | -7.9% |
| Other operating charges | 640/8 | €485 | - | -€485 | |
| Non-recurring operating charges | 66A | - | €76,362 | +€76,362 | |
| Gross operating margin | 9900 | €196,320 | €151,693 | -€44,627 | -22.7% |
| Operating profit (loss) | 9901 | €29,557 | -€82,242 | -€111,799 | |
| Financial income | 75/76B | €579 | €326 | -€253 | -43.7% |
| Recurring financial income | 75 | €579 | €326 | -€253 | -43.7% |
| Financial charges | 65/66B | €2,674 | €2,291 | -€383 | -14.3% |
| Recurring financial charges | 65 | €2,674 | €2,291 | -€383 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €27,463 | -€84,207 | -€111,670 | |
| Income taxes | 67/77 | €800 | €1,323 | +€523 | +65.4% |
| Profit (loss) for the period | 9904 | €26,662 | -€85,530 | -€112,193 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,662 | -€85,530 | -€112,193 |
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 3 October 2026 via checked.be.