Irinox Belux: 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.
Irinox Belux
Largest movements
- Receivables within one year +€109,765
up €109,765 (+24.7%), from €443,743 to €553,508
- Cash +€48,949
up €48,949 (+28.4%), from €172,480 to €221,429
mainly Trade debts (+€346,150) and Tax, wage and social debts (+€44,983)
- Tangible fixed assets +€39,063
up €39,063 (+511%), from €7,650 to €46,713
- Trade debts +€346,150
up €346,150 (+178%), from €194,429 to €540,580
- Debts after one year -€140,000
down €140,000 (-21.3%), from €658,802 to €518,802
- Advances received -€80,169
down €80,169 (-31.8%), from €252,067 to €171,898
- Tax, wage and social debts +€44,983
up €44,983 (+203%), from €22,205 to €67,188
- Accrued charges and deferred income -€13,667
down €13,667 (-32.7%), from €41,774 to €28,107
- Staff costs +€51,481
new in 2025: €51,481
- Gross operating margin +€33,907
up €33,907 (+62.9%), from €53,893 to €87,801
- Financial charges -€12,919
down €12,919 (-35.5%), from €36,424 to €23,505
- Depreciation +€4,215
up €4,215 (+103%), from €4,079 to €8,294
- Financial income +€1,350
up €1,350 (+22.3%), from €6,044 to €7,395
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.
Derived cash bridge
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 | €1,085,115 | €1,253,112 | +€167,997 | +15.5% |
| Fixed assets | 21/28 | €8,483 | €46,713 | +€38,230 | +451% |
| Intangible fixed assets | 21 | €833 | - | -€833 | |
| Tangible fixed assets | 22/27 | €7,650 | €46,713 | +€39,063 | +511% |
| Furniture and vehicles | 24 | €7,650 | €46,713 | +€39,063 | +511% |
| Current assets | 29/58 | €1,076,632 | €1,206,399 | +€129,767 | +12.1% |
| Amounts receivable after more than one year | 29 | €265,921 | €254,882 | -€11,039 | -4.2% |
| Other amounts receivable | 291 | €265,921 | €254,882 | -€11,039 | -4.2% |
| Stocks and contracts in progress | 3 | €165,054 | €153,363 | -€11,691 | -7.1% |
| Stocks | 30/36 | €165,054 | €153,363 | -€11,691 | -7.1% |
| Amounts receivable within one year | 40/41 | €443,743 | €553,508 | +€109,765 | +24.7% |
| Trade receivables | 40 | €443,743 | €553,508 | +€109,765 | +24.7% |
| Cash at bank and in hand | 54/58 | €172,480 | €221,429 | +€48,949 | +28.4% |
| Deferred charges and accrued income | 490/1 | €29,434 | €23,217 | -€6,217 | -21.1% |
| Total equity and liabilities | 10/49 | €1,085,115 | €1,253,112 | +€167,997 | +15.5% |
| Equity | 10/15 | -€84,162 | -€74,171 | +€9,991 | +11.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,162 | -€99,171 | +€9,991 | +9.2% |
| Amounts payable | 17/49 | €1,169,277 | €1,327,284 | +€158,006 | +13.5% |
| Amounts payable after more than one year | 17 | €658,802 | €518,802 | -€140,000 | -21.3% |
| Other amounts payable | 178/9 | €658,802 | €518,802 | -€140,000 | -21.3% |
| Amounts payable within one year | 42/48 | €468,701 | €780,374 | +€311,674 | +66.5% |
| Current portion of amounts payable after more than one year | 42 | - | €710 | +€710 | |
| Trade debts | 44 | €194,429 | €540,580 | +€346,150 | +178% |
| Suppliers | 440/4 | €194,429 | €540,580 | +€346,150 | +178% |
| Advances received on contracts in progress | 46 | €252,067 | €171,898 | -€80,169 | -31.8% |
| Taxes, remuneration and social security | 45 | €22,205 | €67,188 | +€44,983 | +203% |
| Taxes | 450/3 | €22,205 | €67,188 | +€44,983 | +203% |
| Accrued charges and deferred income | 492/3 | €41,774 | €28,107 | -€13,667 | -32.7% |
| Non-recurring operating income | 76A | €1,523 | - | -€1,523 | |
| Remuneration, social security and pensions | 62 | - | €51,481 | +€51,481 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,079 | €8,294 | +€4,215 | +103% |
| Other operating charges | 640/8 | €2,872 | €1,755 | -€1,117 | -38.9% |
| Gross operating margin | 9900 | €53,893 | €87,801 | +€33,907 | +62.9% |
| Operating profit (loss) | 9901 | €46,942 | €26,270 | -€20,672 | -44.0% |
| Financial income | 75/76B | €6,044 | €7,395 | +€1,350 | +22.3% |
| Recurring financial income | 75 | €6,044 | €7,395 | +€1,350 | +22.3% |
| Financial charges | 65/66B | €36,424 | €23,505 | -€12,919 | -35.5% |
| Recurring financial charges | 65 | €36,424 | €23,505 | -€12,919 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €16,563 | €10,160 | -€6,403 | -38.7% |
| Income taxes | 67/77 | €121 | €169 | +€49 | +40.4% |
| Profit (loss) for the period | 9904 | €16,442 | €9,991 | -€6,451 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,442 | €9,991 | -€6,451 | -39.2% |
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 25 October 2026 via checked.be.