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 +€322,602
up €322,602 (+2350.6%), from €13,724 to €336,326
of which Other tangible fixed assets: +€308,554
- Cash -€122,418
down €122,418 (-37.3%), from €328,486 to €206,068
mainly Investment in fixed assets (net) (-€357,321) and Contributions, distributions and other (-€100,000)
- Receivables within one year +€8,798
up €8,798 (+2417.6%), from €364 to €9,162
of which Other amounts receivable: +€9,162
- Debts after one year +€262,860
new in 2025: €262,860
- Reserves -€49,106
down €49,106 (-10.7%), from €456,818 to €407,713
- Current portion of long-term debt +€29,819
new in 2025: €29,819
- Other debts -€29,544
down €29,544 (-96.6%), from €30,595 to €1,051
- Depreciation +€27,419
up €27,419 (+616.1%), from €4,450 to €31,869
- Financial charges -€10,510
down €10,510 (-54.2%), from €19,386 to €8,876
- Taxes -€9,618
down €9,618 (-52.1%), from €18,456 to €8,838
- Gross operating margin -€8,374
down €8,374 (-3.6%), from €235,015 to €226,641
- Financial income -€3,009
down €3,009 (-17.2%), from €17,460 to €14,451
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 | €622,981 | €841,442 | +€218,462 | +35.1% |
| Fixed assets | 21/28 | €13,724 | €339,176 | +€325,452 | +2371.4% |
| Tangible fixed assets | 22/27 | €13,724 | €336,326 | +€322,602 | +2350.6% |
| Plant, machinery and equipment | 23 | €4,372 | €2,006 | -€2,366 | -54.1% |
| Furniture and vehicles | 24 | - | €16,414 | +€16,414 | |
| Other tangible fixed assets | 26 | €9,352 | €317,906 | +€308,554 | +3299.3% |
| Financial fixed assets | 28 | - | €2,850 | +€2,850 | |
| Current assets | 29/58 | €609,257 | €502,267 | -€106,990 | -17.6% |
| Stocks and contracts in progress | 3 | €275,322 | €283,351 | +€8,029 | +2.9% |
| Stocks | 30/36 | €275,322 | €283,351 | +€8,029 | +2.9% |
| Amounts receivable within one year | 40/41 | €364 | €9,162 | +€8,798 | +2417.6% |
| Trade receivables | 40 | €364 | €0 | -€364 | -100.0% |
| Other amounts receivable | 41 | - | €9,162 | +€9,162 | |
| Cash at bank and in hand | 54/58 | €328,486 | €206,068 | -€122,418 | -37.3% |
| Deferred charges and accrued income | 490/1 | €5,084 | €3,685 | -€1,399 | -27.5% |
| Total equity and liabilities | 10/49 | €622,981 | €841,442 | +€218,462 | +35.1% |
| Equity | 10/15 | €475,410 | €426,305 | -€49,106 | -10.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €456,818 | €407,713 | -€49,106 | -10.7% |
| Distributable reserves | 133 | €456,818 | €407,713 | -€49,106 | -10.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,570 | €415,138 | +€267,567 | +181.3% |
| Amounts payable after more than one year | 17 | - | €262,860 | +€262,860 | |
| Financial debts | 170/4 | - | €262,860 | +€262,860 | |
| Amounts payable within one year | 42/48 | €147,570 | €152,278 | +€4,707 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | - | €29,819 | +€29,819 | |
| Trade debts | 44 | €67,363 | €69,561 | +€2,198 | +3.3% |
| Suppliers | 440/4 | €67,363 | €69,561 | +€2,198 | +3.3% |
| Taxes, remuneration and social security | 45 | €49,612 | €51,846 | +€2,234 | +4.5% |
| Taxes | 450/3 | €26,552 | €28,827 | +€2,274 | +8.6% |
| Remuneration and social security | 454/9 | €23,060 | €23,019 | -€40 | -0.2% |
| Other amounts payable | 47/48 | €30,595 | €1,051 | -€29,544 | -96.6% |
| Remuneration, social security and pensions | 62 | €134,550 | €136,000 | +€1,450 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,450 | €31,869 | +€27,419 | +616.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,519 | €688 | +€2,207 | |
| Other operating charges | 640/8 | €1,735 | €3,926 | +€2,191 | +126.3% |
| Gross operating margin | 9900 | €235,015 | €226,641 | -€8,374 | -3.6% |
| Operating profit (loss) | 9901 | €95,798 | €54,157 | -€41,642 | -43.5% |
| Financial income | 75/76B | €17,460 | €14,451 | -€3,009 | -17.2% |
| Recurring financial income | 75 | €17,460 | €14,451 | -€3,009 | -17.2% |
| Financial charges | 65/66B | €19,386 | €8,876 | -€10,510 | -54.2% |
| Recurring financial charges | 65 | €19,386 | €8,876 | -€10,510 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | €93,873 | €59,732 | -€34,140 | -36.4% |
| Income taxes | 67/77 | €18,456 | €8,838 | -€9,618 | -52.1% |
| Profit (loss) for the period | 9904 | €75,416 | €50,894 | -€24,522 | -32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,416 | €50,894 | -€24,522 | -32.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.