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
- Tangible fixed assets +€72,935
up €72,935 (+2.3%), from €3.1m to €3.2m
- Cash -€53,924
down €53,924 (-77.8%), from €69,351 to €15,427
mainly Investment in fixed assets (net) (-€180,196) and Debts after one year (-€101,293)
- Debts after one year -€101,293
down €101,293 (-7.7%), from €1.3m to €1.2m
- Other debts +€78,994
up €78,994 (+11.6%), from €683,244 to €762,237
- Profit (loss) carried forward +€62,313
up €62,313 (+260.4%), from €23,928 to €86,240
- Gross operating margin +€12,681
up €12,681 (+5.5%), from €230,005 to €242,687
- Financial charges -€10,668
down €10,668 (-31.7%), from €33,645 to €22,977
- Taxes +€4,779
up €4,779 (+29.3%), from €16,295 to €21,074
- Other operating charges +€2,793
up €2,793 (+10.6%), from €26,269 to €29,062
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 | €3,196,713 | €3,213,472 | +€16,759 | +0.5% |
| Fixed assets | 21/28 | €3,108,413 | €3,181,349 | +€72,935 | +2.3% |
| Tangible fixed assets | 22/27 | €3,108,413 | €3,181,349 | +€72,935 | +2.3% |
| Land and buildings | 22 | €3,108,413 | €3,181,349 | +€72,935 | +2.3% |
| Current assets | 29/58 | €88,300 | €32,124 | -€56,177 | -63.6% |
| Amounts receivable within one year | 40/41 | €16,180 | €13,769 | -€2,411 | -14.9% |
| Trade receivables | 40 | €7,475 | €9,828 | +€2,353 | +31.5% |
| Other amounts receivable | 41 | €8,705 | €3,941 | -€4,764 | -54.7% |
| Cash at bank and in hand | 54/58 | €69,351 | €15,427 | -€53,924 | -77.8% |
| Deferred charges and accrued income | 490/1 | €2,769 | €2,928 | +€158 | +5.7% |
| Total equity and liabilities | 10/49 | €3,196,713 | €3,213,472 | +€16,759 | +0.5% |
| Equity | 10/15 | €716,829 | €779,142 | +€62,313 | +8.7% |
| Contributions | 10/11 | €173,371 | €173,371 | = | 0.0% |
| Capital | 10 | €173,371 | €173,371 | = | 0.0% |
| Issued capital | 100 | €173,371 | €173,371 | = | 0.0% |
| Reserves | 13 | €519,531 | €519,531 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,337 | €17,337 | = | 0.0% |
| Legal reserve | 130 | €17,337 | €17,337 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,194 | €2,194 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,928 | €86,240 | +€62,313 | +260.4% |
| Amounts payable | 17/49 | €2,479,884 | €2,434,330 | -€45,554 | -1.8% |
| Amounts payable after more than one year | 17 | €1,310,499 | €1,209,206 | -€101,293 | -7.7% |
| Financial debts | 170/4 | €1,310,499 | €1,209,206 | -€101,293 | -7.7% |
| Amounts payable within one year | 42/48 | €791,817 | €874,547 | +€82,729 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €99,822 | €101,293 | +€1,471 | +1.5% |
| Trade debts | 44 | - | €10,762 | +€10,762 | |
| Suppliers | 440/4 | - | €10,762 | +€10,762 | |
| Taxes, remuneration and social security | 45 | €8,752 | €254 | -€8,497 | -97.1% |
| Taxes | 450/3 | €8,752 | €254 | -€8,497 | -97.1% |
| Other amounts payable | 47/48 | €683,244 | €762,237 | +€78,994 | +11.6% |
| Accrued charges and deferred income | 492/3 | €377,568 | €350,578 | -€26,990 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,384 | €107,261 | +€1,876 | +1.8% |
| Other operating charges | 640/8 | €26,269 | €29,062 | +€2,793 | +10.6% |
| Gross operating margin | 9900 | €230,005 | €242,687 | +€12,681 | +5.5% |
| Operating profit (loss) | 9901 | €98,352 | €106,364 | +€8,012 | +8.1% |
| Financial charges | 65/66B | €33,645 | €22,977 | -€10,668 | -31.7% |
| Recurring financial charges | 65 | €33,645 | €22,977 | -€10,668 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €64,707 | €83,387 | +€18,680 | +28.9% |
| Income taxes | 67/77 | €16,295 | €21,074 | +€4,779 | +29.3% |
| Profit (loss) for the period | 9904 | €48,412 | €62,313 | +€13,901 | +28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,412 | €62,313 | +€13,901 | +28.7% |
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 6 October 2026 via checked.be.