IRIS: 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.
IRIS
Largest movements
- Cash +€117,498
up €117,498 (+40.9%), from €287,217 to €404,715
mainly Depreciation (+€121,288) and Debts within one year (+€40,450)
- Tangible fixed assets -€46,807
down €46,807 (-3.5%), from €1.3m to €1.3m
of which Land and buildings: -€78,413
- Receivables within one year -€28,057
down €28,057 (-14.2%), from €197,467 to €169,410
of which Other amounts receivable: -€44,350
- Debts within one year +€40,450
up €40,450 (+17.5%), from €230,494 to €270,944
of which Tax, wage and social debts: +€25,910
- Investment grants +€35,875
up €35,875 (+81.8%), from €43,838 to €79,713
- Debts after one year -€34,671
down €34,671 (-10.6%), from €328,229 to €293,558
- Staff costs +€111,359
up €111,359 (+18.6%), from €598,350 to €709,709
- Gross operating margin +€60,342
up €60,342 (+7.7%), from €782,235 to €842,577
- Depreciation -€12,454
down €12,454 (-9.3%), from €133,742 to €121,288
- Other operating charges -€9,059
down €9,059 (-50.6%), from €17,902 to €8,843
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 | €2,082,644 | €2,117,212 | +€34,568 | +1.7% |
| Fixed assets | 21/28 | €1,377,918 | €1,333,946 | -€43,972 | -3.2% |
| Intangible fixed assets | 21 | - | €2,810 | +€2,810 | |
| Tangible fixed assets | 22/27 | €1,327,618 | €1,280,811 | -€46,807 | -3.5% |
| Land and buildings | 22 | €1,325,877 | €1,247,464 | -€78,413 | -5.9% |
| Furniture and vehicles | 24 | €1,741 | €395 | -€1,345 | -77.3% |
| Assets under construction and advance payments | 27 | - | €32,952 | +€32,952 | |
| Financial fixed assets | 28 | €50,300 | €50,325 | +€25 | 0.0% |
| Current assets | 29/58 | €704,726 | €783,266 | +€78,540 | +11.1% |
| Stocks and contracts in progress | 3 | €2,693 | €2,112 | -€580 | -21.6% |
| Stocks | 30/36 | €2,693 | €2,112 | -€580 | -21.6% |
| Amounts receivable within one year | 40/41 | €197,467 | €169,410 | -€28,057 | -14.2% |
| Trade receivables | 40 | €41,761 | €58,055 | +€16,294 | +39.0% |
| Other amounts receivable | 41 | €155,705 | €111,355 | -€44,350 | -28.5% |
| Current investments | 50/53 | €216,245 | €202,540 | -€13,704 | -6.3% |
| Cash at bank and in hand | 54/58 | €287,217 | €404,715 | +€117,498 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,105 | €4,488 | +€3,383 | +306% |
| Total equity and liabilities | 10/49 | €2,082,644 | €2,117,212 | +€34,568 | +1.7% |
| Equity | 10/15 | €1,243,553 | €1,277,387 | +€33,834 | +2.7% |
| Reserves | 13 | €377,817 | €377,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €821,898 | €819,857 | -€2,040 | -0.2% |
| Investment grants | 15 | €43,838 | €79,713 | +€35,875 | +81.8% |
| Provisions and deferred taxes | 16 | €275,323 | €275,323 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €275,323 | €275,323 | = | 0.0% |
| Other liabilities and charges | 164/5 | €275,323 | €275,323 | = | 0.0% |
| Amounts payable | 17/49 | €563,768 | €564,502 | +€734 | +0.1% |
| Amounts payable after more than one year | 17 | €328,229 | €293,558 | -€34,671 | -10.6% |
| Financial debts | 170/4 | €328,229 | €293,558 | -€34,671 | -10.6% |
| Amounts payable within one year | 42/48 | €230,494 | €270,944 | +€40,450 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €33,390 | €34,671 | +€1,281 | +3.8% |
| Trade debts | 44 | €41,831 | €45,758 | +€3,927 | +9.4% |
| Suppliers | 440/4 | €41,831 | €45,758 | +€3,927 | +9.4% |
| Advances received on contracts in progress | 46 | €7,675 | €619 | -€7,056 | -91.9% |
| Taxes, remuneration and social security | 45 | €59,027 | €84,937 | +€25,910 | +43.9% |
| Taxes | 450/3 | €1 | - | -€1 | |
| Remuneration and social security | 454/9 | €59,027 | €84,937 | +€25,911 | +43.9% |
| Accrued charges and deferred income | 492/3 | €5,045 | - | -€5,045 | |
| Non-recurring operating income | 76A | €4,719 | €679 | -€4,040 | -85.6% |
| Remuneration, social security and pensions | 62 | €598,350 | €709,709 | +€111,359 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,742 | €121,288 | -€12,454 | -9.3% |
| Other operating charges | 640/8 | €17,902 | €8,843 | -€9,059 | -50.6% |
| Non-recurring operating charges | 66A | €5,254 | €176 | -€5,077 | -96.6% |
| Gross operating margin | 9900 | €782,235 | €842,577 | +€60,342 | +7.7% |
| Operating profit (loss) | 9901 | €26,987 | €2,560 | -€24,428 | -90.5% |
| Financial income | 75/76B | €3,906 | €8,891 | +€4,986 | +128% |
| Recurring financial income | 75 | €3,906 | €6,866 | +€2,961 | +75.8% |
| Non-recurring financial income | 76B | - | €2,025 | +€2,025 | |
| Financial charges | 65/66B | €15,870 | €13,491 | -€2,379 | -15.0% |
| Recurring financial charges | 65 | €15,870 | €13,491 | -€2,379 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €15,022 | -€2,040 | -€17,063 | |
| Profit (loss) for the period | 9904 | €15,022 | -€2,040 | -€17,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,022 | -€2,040 | -€17,063 |
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 15 October 2026 via checked.be.