IRIS: 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.
IRIS
Largest movements
- Current investments +€150,000
up €150,000 (+100.0%), from €150,000 to €300,000
- Receivables within one year -€40,347
down €40,347 (-36.6%), from €110,112 to €69,765
of which Trade receivables: -€40,347
- Reserves +€646,847
up €646,847 (+1027.9%), from €62,926 to €709,773
of which Distributable reserves: +€646,847
- Profit (loss) carried forward -€533,365
down €533,365 (-100.0%), from €533,365 to €0
- Tax, wage and social debts +€12,895
up €12,895 (+27.0%), from €47,789 to €60,684
of which Taxes: +€8,364
- Staff costs -€16,446
down €16,446 (-7.8%), from €211,246 to €194,800
- Taxes +€4,701
up €4,701 (+12.8%), from €36,831 to €41,532
- Gross operating margin -€4,477
down €4,477 (-1.2%), from €387,372 to €382,895
- Depreciation -€4,326
down €4,326 (-11.5%), from €37,687 to €33,361
- Financial income +€4,048
up €4,048 (+1440.5%), from €281 to €4,329
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €679,462 | €797,894 | +€118,432 | +17.4% |
| Fixed assets | 21/28 | €316,841 | €319,969 | +€3,128 | +1.0% |
| Intangible fixed assets | 21 | - | €4,004 | +€4,004 | |
| Tangible fixed assets | 22/27 | €316,841 | €315,965 | -€876 | -0.3% |
| Land and buildings | 22 | €280,543 | €131,582 | -€148,961 | -53.1% |
| Plant, machinery and equipment | 23 | €11,288 | €144,773 | +€133,485 | +1182.5% |
| Furniture and vehicles | 24 | €23,383 | €20,276 | -€3,108 | -13.3% |
| Other tangible fixed assets | 26 | €1,627 | €19,335 | +€17,708 | +1088.4% |
| Current assets | 29/58 | €362,621 | €477,925 | +€115,304 | +31.8% |
| Stocks and contracts in progress | 3 | €18,290 | €21,527 | +€3,237 | +17.7% |
| Stocks | 30/36 | €18,290 | €21,527 | +€3,237 | +17.7% |
| Amounts receivable within one year | 40/41 | €110,112 | €69,765 | -€40,347 | -36.6% |
| Trade receivables | 40 | €109,987 | €69,640 | -€40,347 | -36.7% |
| Other amounts receivable | 41 | €125 | €125 | = | 0.0% |
| Current investments | 50/53 | €150,000 | €300,000 | +€150,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €84,219 | €85,088 | +€869 | +1.0% |
| Deferred charges and accrued income | 490/1 | - | €1,545 | +€1,545 | |
| Total equity and liabilities | 10/49 | €679,462 | €797,894 | +€118,432 | +17.4% |
| Equity | 10/15 | €614,883 | €728,365 | +€113,482 | +18.5% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €62,926 | €709,773 | +€646,847 | +1027.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €921 | €921 | -€0 | 0.0% |
| Distributable reserves | 133 | €60,146 | €706,993 | +€646,847 | +1075.5% |
| Profit (loss) carried forward | 14 | €533,365 | €0 | -€533,365 | -100.0% |
| Amounts payable | 17/49 | €64,579 | €69,529 | +€4,950 | +7.7% |
| Amounts payable within one year | 42/48 | €64,579 | €69,529 | +€4,950 | +7.7% |
| Trade debts | 44 | €16,790 | €8,845 | -€7,945 | -47.3% |
| Suppliers | 440/4 | €16,790 | €8,845 | -€7,945 | -47.3% |
| Taxes, remuneration and social security | 45 | €47,789 | €60,684 | +€12,895 | +27.0% |
| Taxes | 450/3 | €27,289 | €35,653 | +€8,364 | +30.6% |
| Remuneration and social security | 454/9 | €20,500 | €25,032 | +€4,532 | +22.1% |
| Remuneration, social security and pensions | 62 | €211,246 | €194,800 | -€16,446 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,687 | €33,361 | -€4,326 | -11.5% |
| Other operating charges | 640/8 | €3,699 | €3,927 | +€228 | +6.2% |
| Gross operating margin | 9900 | €387,372 | €382,895 | -€4,477 | -1.2% |
| Operating profit (loss) | 9901 | €134,740 | €150,806 | +€16,066 | +11.9% |
| Financial income | 75/76B | €281 | €4,329 | +€4,048 | +1440.5% |
| Recurring financial income | 75 | €281 | €4,329 | +€4,048 | +1440.5% |
| Financial charges | 65/66B | €203 | €121 | -€82 | -40.3% |
| Recurring financial charges | 65 | €203 | €121 | -€82 | -40.3% |
| Profit (loss) for the period before taxes | 9903 | €134,818 | €155,014 | +€20,196 | +15.0% |
| Income taxes | 67/77 | €36,831 | €41,532 | +€4,701 | +12.8% |
| Profit (loss) for the period | 9904 | €97,987 | €113,482 | +€15,495 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | €97,987 | €113,482 | +€15,495 | +15.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.