IRIS BELGIUM: 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 BELGIUM
Largest movements
- Financial fixed assets +€12.3m
up €12.3m (+52.8%), from €23.3m to €35.6m
- Cash -€1.4m
down €1.4m (-99.3%), from €1.4m to €9,780
mainly Investment in fixed assets (net) (-€12.3m) and Receivables within one year (-€415,590)
- Other debts +€11.4m
up €11.4m (+53.6%), from €21.2m to €32.6m
- Financial income -€4.9m
down €4.9m (-92.3%), from €5.3m to €409,573
of which Non-recurring financial income: -€4.9m
- Financial charges -€4.4m
down €4.4m (-93.5%), from €4.7m to €302,727
of which Non-recurring financial charges: -€4.5m
- Write-downs +€732,005
no longer reported in 2025 (was -€732,005)
- Other operating charges -€731,886
down €731,886 (-99.9%), from €732,972 to €1,086
- Gross operating margin -€15,674
down €15,674 (-14.5%), from -€108,289 to -€123,962
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 | €30,892,881 | €42,239,169 | +€11.3m | +36.7% |
| Fixed assets | 21/28 | €23,293,495 | €35,589,869 | +€12.3m | +52.8% |
| Financial fixed assets | 28 | €23,293,495 | €35,589,869 | +€12.3m | +52.8% |
| Current assets | 29/58 | €7,599,386 | €6,649,300 | -€950,086 | -12.5% |
| Amounts receivable within one year | 40/41 | €6,223,930 | €6,639,520 | +€415,590 | +6.7% |
| Other amounts receivable | 41 | €6,223,930 | €6,639,520 | +€415,590 | +6.7% |
| Cash at bank and in hand | 54/58 | €1,375,456 | €9,780 | -€1.4m | -99.3% |
| Total equity and liabilities | 10/49 | €30,892,881 | €42,239,169 | +€11.3m | +36.7% |
| Equity | 10/15 | €9,640,061 | €9,621,859 | -€18,202 | -0.2% |
| Contributions | 10/11 | €23,500,000 | €23,500,000 | = | 0.0% |
| Reserves | 13 | €6,400 | €6,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,400 | €6,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,866,339 | -€13,884,541 | -€18,202 | -0.1% |
| Amounts payable | 17/49 | €21,252,820 | €32,617,310 | +€11.4m | +53.5% |
| Amounts payable within one year | 42/48 | €21,252,820 | €32,616,311 | +€11.4m | +53.5% |
| Trade debts | 44 | €31,815 | €25,306 | -€6,508 | -20.5% |
| Suppliers | 440/4 | €31,815 | €25,306 | -€6,508 | -20.5% |
| Other amounts payable | 47/48 | €21,221,005 | €32,591,005 | +€11.4m | +53.6% |
| Accrued charges and deferred income | 492/3 | - | €998 | +€998 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€732,005 | - | +€732,005 | |
| Other operating charges | 640/8 | €732,972 | €1,086 | -€731,886 | -99.9% |
| Gross operating margin | 9900 | -€108,289 | -€123,962 | -€15,674 | -14.5% |
| Operating profit (loss) | 9901 | -€109,256 | -€125,048 | -€15,792 | -14.5% |
| Financial income | 75/76B | €5,322,680 | €409,573 | -€4.9m | -92.3% |
| Recurring financial income | 75 | €82,451 | €106,846 | +€24,395 | +29.6% |
| Non-recurring financial income | 76B | €5,240,229 | €302,727 | -€4.9m | -94.2% |
| Financial charges | 65/66B | €4,669,498 | €302,727 | -€4.4m | -93.5% |
| Recurring financial charges | 65 | €188,720 | €302,727 | +€114,006 | +60.4% |
| Non-recurring financial charges | 66B | €4,480,778 | - | -€4.5m | |
| Profit (loss) for the period before taxes | 9903 | €543,926 | -€18,202 | -€562,128 | |
| Profit (loss) for the period | 9904 | €543,926 | -€18,202 | -€562,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €543,926 | -€18,202 | -€562,128 |
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 12 October 2026 via checked.be.