IRIS GROUP: 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.
What changed
IRIS GROUP
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€25,582
2024 · €1.6m-€1.6m
Equity
€19.0m
2024 · €19.2m-€175,570
Cash
€1.7m
2024 · €660,976+€1.0m
Balance sheet total
€33.7m
2024 · €30.5m+€3.2m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+40.4%), from €4.2m to €6.0m
of which Other amounts receivable: +€2.6m
- Cash +€1.0m
up €1.0m (+155.6%), from €660,976 to €1.7m
mainly Other debts (+€5.4m) and Depreciation (+€849,455)
- Deferred charges and accrued income +€631,702
up €631,702 (+134.8%), from €468,607 to €1.1m
- Intangible fixed assets -€474,804
down €474,804 (-34.2%), from €1.4m to €913,340
Equity and liabilities
- Other debts +€5.4m
up €5.4m (+141.8%), from €3.8m to €9.2m
- Trade debts -€1.6m
down €1.6m (-52.8%), from €3.0m to €1.4m
- Debts after one year -€958,087
down €958,087 (-45.7%), from €2.1m to €1.1m
- Accrued charges and deferred income +€360,421
up €360,421 (+303.3%), from €118,843 to €479,264
Income statement
- Financial income -€1.9m
down €1.9m (-95.4%), from €2.0m to €92,816
- Services and other goods -€943,488
down €943,488 (-17.6%), from €5.3m to €4.4m
- Depreciation -€282,363
down €282,363 (-24.9%), from €1.1m to €849,455
- Turnover -€223,373
down €223,373 (-2.1%), from €10.6m to €10.3m
- Taxes -€192,053
down €192,053 (-74.7%), from €256,955 to €64,902
of which Taxes: -€157,712
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.
Result 2024
€1.6m
Turnover
-€223,373
Other operating income
+€191,968
Goods and materials
+€114,227
Services and other goods
+€943,488
Staff costs
-€49,167
Depreciation
+€282,363
Other operating charges
-€143,600
Other operating items
-€1.1m
Financial income
-€1.9m
Financial charges
+€67,424
Taxes
+€192,053
Result 2025
-€25,582
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.
From operations
+€2.9m
Investment
-€701,600
Financing
-€1.1m
Cash 2024
€660,976
From operations (derived)
+€2.9m
Net result for the year
-€25,582
Depreciation
+€849,455
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€631,702
Provisions
-€15,217
Trade debts
-€1.6m
Tax, wage and social debts
+€257,937
Other debts
+€5.4m
Accrued charges and deferred income
+€360,421
Investment (derived)
-€701,600
Investment in fixed assets (net)
-€701,600
Financing
-€1.1m
Debts after one year
-€958,087
Current portion of long-term debt
-€29,867
Contributions, distributions and other
-€149,988
Cash 2025
€1.7m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,465,069 | €33,691,646 | +€3.2m | +10.6% |
| Formation expenses | 20 | €251,573 | €473,105 | +€221,533 | +88.1% |
| Fixed assets | 21/28 | €24,842,935 | €24,473,548 | -€369,388 | -1.5% |
| Intangible fixed assets | 21 | €1,388,144 | €913,340 | -€474,804 | -34.2% |
| Tangible fixed assets | 22/27 | €1,526,788 | €1,632,204 | +€105,416 | +6.9% |
| Land and buildings | 22 | €1,224,472 | €1,182,779 | -€41,693 | -3.4% |
| Plant, machinery and equipment | 23 | €144,796 | €95,806 | -€48,990 | -33.8% |
| Furniture and vehicles | 24 | €152,278 | €172,857 | +€20,579 | +13.5% |
| Other tangible fixed assets | 26 | €5,241 | €5,241 | = | 0.0% |
| Assets under construction and advance payments | 27 | - | €175,521 | +€175,521 | |
| Financial fixed assets | 28 | €21,928,003 | €21,928,003 | = | 0.0% |
| Affiliated companies | 280/1 | €21,888,193 | €21,888,193 | = | 0.0% |
| Participating interests | 280 | €21,888,193 | €21,888,193 | = | 0.0% |
| Other financial fixed assets | 284/8 | €39,811 | €39,811 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €39,811 | €39,811 | = | 0.0% |
| Current assets | 29/58 | €5,370,561 | €8,744,993 | +€3.4m | +62.8% |
| Amounts receivable within one year | 40/41 | €4,240,978 | €5,955,331 | +€1.7m | +40.4% |
| Trade receivables | 40 | €2,472,461 | €1,621,719 | -€850,742 | -34.4% |
| Other amounts receivable | 41 | €1,768,517 | €4,333,612 | +€2.6m | +145.0% |
| Cash at bank and in hand | 54/58 | €660,976 | €1,689,354 | +€1.0m | +155.6% |
| Deferred charges and accrued income | 490/1 | €468,607 | €1,100,308 | +€631,702 | +134.8% |
| Total equity and liabilities | 10/49 | €30,465,069 | €33,691,646 | +€3.2m | +10.6% |
| Equity | 10/15 | €19,202,640 | €19,027,070 | -€175,570 | -0.9% |
| Contributions | 10/11 | €3,750,000 | €3,750,000 | = | 0.0% |
| Capital | 10 | €3,750,000 | €3,750,000 | = | 0.0% |
| Issued capital | 100 | €3,750,000 | €3,750,000 | = | 0.0% |
| Reserves | 13 | €882,769 | €837,118 | -€45,651 | -5.2% |
| Non-distributable reserves | 130/1 | €375,000 | €375,000 | = | 0.0% |
| Legal reserve | 130 | €375,000 | €375,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €345,191 | €299,540 | -€45,651 | -13.2% |
| Distributable reserves | 133 | €162,578 | €162,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,569,871 | €14,439,952 | -€129,919 | -0.9% |
| Provisions and deferred taxes | 16 | €115,064 | €99,847 | -€15,217 | -13.2% |
| Deferred taxes | 168 | €115,064 | €99,847 | -€15,217 | -13.2% |
| Amounts payable | 17/49 | €11,147,365 | €14,564,729 | +€3.4m | +30.7% |
| Amounts payable after more than one year | 17 | €2,097,019 | €1,138,932 | -€958,087 | -45.7% |
| Financial debts | 170/4 | €2,097,019 | €1,138,932 | -€958,087 | -45.7% |
| Credit institutions | 173 | €1,359,925 | €401,838 | -€958,087 | -70.5% |
| Other loans | 174 | €737,095 | €737,095 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,931,503 | €12,946,533 | +€4.0m | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €987,954 | €958,087 | -€29,867 | -3.0% |
| Trade debts | 44 | €3,020,635 | €1,424,927 | -€1.6m | -52.8% |
| Suppliers | 440/4 | €3,020,635 | €1,424,927 | -€1.6m | -52.8% |
| Taxes, remuneration and social security | 45 | €1,127,036 | €1,384,973 | +€257,937 | +22.9% |
| Taxes | 450/3 | €337,002 | €570,868 | +€233,866 | +69.4% |
| Remuneration and social security | 454/9 | €790,035 | €814,105 | +€24,071 | +3.0% |
| Other amounts payable | 47/48 | €3,795,877 | €9,178,545 | +€5.4m | +141.8% |
| Accrued charges and deferred income | 492/3 | €118,843 | €479,264 | +€360,421 | +303.3% |
| Operating income | 70/76A | €11,957,288 | €10,645,867 | -€1.3m | -11.0% |
| Turnover | 70 | €10,569,217 | €10,345,844 | -€223,373 | -2.1% |
| Other operating income | 74 | €108,055 | €300,023 | +€191,968 | +177.7% |
| Non-recurring operating income | 76A | €1,280,016 | - | -€1.3m | |
| Operating charges | 60/66A | €11,843,665 | €10,469,991 | -€1.4m | -11.6% |
| Goods for resale, raw materials and consumables | 60 | €174,209 | €59,981 | -€114,227 | -65.6% |
| Purchases | 600/8 | €174,209 | €59,981 | -€114,227 | -65.6% |
| Services and other goods | 61 | €5,345,680 | €4,402,192 | -€943,488 | -17.6% |
| Remuneration, social security and pensions | 62 | €4,904,855 | €4,954,022 | +€49,167 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,131,818 | €849,455 | -€282,363 | -24.9% |
| Other operating charges | 640/8 | €287,104 | €430,704 | +€143,600 | +50.0% |
| Operating charges capitalised as restructuring costs | 649 | - | -€226,362 | -€226,362 | |
| Operating profit (loss) | 9901 | €113,623 | €175,875 | +€62,252 | +54.8% |
| Financial income | 75/76B | €2,020,124 | €92,816 | -€1.9m | -95.4% |
| Recurring financial income | 75 | €2,020,124 | €92,816 | -€1.9m | -95.4% |
| Income from financial fixed assets | 750 | €1,882,603 | - | -€1.9m | |
| Income from current assets | 751 | €134,275 | €91,670 | -€42,605 | -31.7% |
| Other financial income | 752/9 | €3,246 | €1,146 | -€2,100 | -64.7% |
| Financial charges | 65/66B | €312,013 | €244,589 | -€67,424 | -21.6% |
| Recurring financial charges | 65 | €312,013 | €244,589 | -€67,424 | -21.6% |
| Debt charges | 650 | €301,839 | €230,249 | -€71,590 | -23.7% |
| Other financial charges | 652/9 | €10,173 | €14,340 | +€4,166 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €1,821,734 | €24,103 | -€1.8m | -98.7% |
| Transfer from deferred taxes | 780 | €15,217 | €15,217 | = | 0.0% |
| Income taxes | 67/77 | €256,955 | €64,902 | -€192,053 | -74.7% |
| Taxes | 670/3 | €257,649 | €99,937 | -€157,712 | -61.2% |
| Tax adjustments and reversals of tax provisions | 77 | €694 | €35,035 | +€34,341 | +4948.2% |
| Profit (loss) for the period | 9904 | €1,579,996 | -€25,582 | -€1.6m | |
| Transfer from tax-exempt reserves | 789 | €45,651 | €45,651 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,625,648 | €20,069 | -€1.6m | -98.8% |
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 8 October 2026 via checked.be.