IRIS INVEST: 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.
What changed
IRIS INVEST
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,282
2024 · €29,731-€25,450
Equity
€3.3m
2024 · €3.3m+€4,282
Cash
€25,777
2024 · €5,843+€19,934
Balance sheet total
€4.4m
2024 · €4.6m-€180,303
Largest movements
Assets
- Receivables within one year -€117,779
down €117,779 (-8.8%), from €1.3m to €1.2m
of which Other amounts receivable: -€117,779
- Tangible fixed assets -€92,957
down €92,957 (-2.9%), from €3.2m to €3.1m
of which Land and buildings: -€73,353
Equity and liabilities
- Current portion of long-term debt -€365,467
down €365,467 (-75.5%), from €483,764 to €118,297
- Debts after one year +€238,966
up €238,966 (+56.0%), from €426,485 to €665,451
Income statement
- Turnover -€44,413
down €44,413 (-15.6%), from €284,672 to €240,259
- Purchases and services -€27,905
down €27,905 (-23.1%), from €120,854 to €92,949
- Depreciation +€26,979
up €26,979 (+33.6%), from €80,228 to €107,207
- Gross operating margin -€16,508
down €16,508 (-10.1%), from €163,818 to €147,310
- Financial charges -€12,365
down €12,365 (-34.7%), from €35,660 to €23,296
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
€29,731
Gross operating margin
-€16,508
Depreciation
-€26,979
Other operating charges
-€9
Financial income
-€1,446
Financial charges
+€12,365
Taxes
+€7,128
Result 2025
€4,282
raises the resultlowers the result
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.
From operations
+€171,184
Investment
-€24,750
Financing
-€126,501
Cash 2024
€5,843
From operations (derived)
+€171,184
Net result for the year
+€4,282
Depreciation
+€107,207
Receivables within one year
+€117,779
Provisions
-€13,632
Trade debts
-€20,001
Tax, wage and social debts
-€24,451
Investment (derived)
-€24,750
Investment in fixed assets (net)
-€14,250
Current investments
-€10,500
Financing
-€126,501
Debts after one year
+€238,966
Current portion of long-term debt
-€365,467
Cash 2025
€25,777
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,553,295 | €4,372,992 | -€180,303 | -4.0% |
| Fixed assets | 21/28 | €3,212,835 | €3,119,878 | -€92,957 | -2.9% |
| Tangible fixed assets | 22/27 | €3,212,490 | €3,119,533 | -€92,957 | -2.9% |
| Land and buildings | 22 | €3,112,887 | €3,039,534 | -€73,353 | -2.4% |
| Plant, machinery and equipment | 23 | €96,910 | €78,404 | -€18,506 | -19.1% |
| Furniture and vehicles | 24 | €2,694 | €1,596 | -€1,098 | -40.8% |
| Financial fixed assets | 28 | €345 | €345 | = | 0.0% |
| Current assets | 29/58 | €1,340,460 | €1,253,115 | -€87,346 | -6.5% |
| Amounts receivable within one year | 40/41 | €1,334,617 | €1,216,838 | -€117,779 | -8.8% |
| Trade receivables | 40 | €85,000 | €85,000 | = | 0.0% |
| Other amounts receivable | 41 | €1,249,617 | €1,131,838 | -€117,779 | -9.4% |
| Current investments | 50/53 | - | €10,500 | +€10,500 | |
| Cash at bank and in hand | 54/58 | €5,843 | €25,777 | +€19,934 | +341% |
| Total equity and liabilities | 10/49 | €4,553,295 | €4,372,992 | -€180,303 | -4.0% |
| Equity | 10/15 | €3,319,472 | €3,323,754 | +€4,282 | +0.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €2,069,001 | €2,069,001 | = | 0.0% |
| Reserves | 13 | €553,667 | €525,989 | -€27,678 | -5.0% |
| Non-distributable reserves | 130/1 | €866 | €866 | = | 0.0% |
| Other | 1319 | €866 | €866 | = | 0.0% |
| Tax-exempt reserves | 132 | €552,801 | €525,123 | -€27,678 | -5.0% |
| Profit (loss) carried forward | 14 | €635,304 | €667,264 | +€31,960 | +5.0% |
| Provisions and deferred taxes | 16 | €210,363 | €196,731 | -€13,632 | -6.5% |
| Deferred taxes | 168 | €210,363 | €196,731 | -€13,632 | -6.5% |
| Amounts payable | 17/49 | €1,023,460 | €852,508 | -€170,952 | -16.7% |
| Amounts payable after more than one year | 17 | €426,485 | €665,451 | +€238,966 | +56.0% |
| Financial debts | 170/4 | €426,485 | €665,451 | +€238,966 | +56.0% |
| Amounts payable within one year | 42/48 | €596,966 | €187,048 | -€409,918 | -68.7% |
| Current portion of amounts payable after more than one year | 42 | €483,764 | €118,297 | -€365,467 | -75.5% |
| Trade debts | 44 | €36,848 | €16,847 | -€20,001 | -54.3% |
| Suppliers | 440/4 | €36,848 | €16,847 | -€20,001 | -54.3% |
| Taxes, remuneration and social security | 45 | €72,299 | €47,849 | -€24,451 | -33.8% |
| Taxes | 450/3 | €72,299 | €38,849 | -€33,451 | -46.3% |
| Remuneration and social security | 454/9 | - | €9,000 | +€9,000 | |
| Other amounts payable | 47/48 | €4,055 | €4,055 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €8 | €8 | = | 0.0% |
| Turnover | 70 | €284,672 | €240,259 | -€44,413 | -15.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €120,854 | €92,949 | -€27,905 | -23.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,228 | €107,207 | +€26,979 | +33.6% |
| Other operating charges | 640/8 | €13,458 | €13,467 | +€9 | +0.1% |
| Gross operating margin | 9900 | €163,818 | €147,310 | -€16,508 | -10.1% |
| Operating profit (loss) | 9901 | €70,133 | €26,636 | -€43,497 | -62.0% |
| Financial income | 75/76B | €1,486 | €40 | -€1,446 | -97.3% |
| Recurring financial income | 75 | €1,486 | €40 | -€1,446 | -97.3% |
| Financial charges | 65/66B | €35,660 | €23,296 | -€12,365 | -34.7% |
| Recurring financial charges | 65 | €35,660 | €23,296 | -€12,365 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €35,958 | €3,380 | -€32,577 | -90.6% |
| Transfer from deferred taxes | 780 | €13,632 | €13,632 | = | 0.0% |
| Income taxes | 67/77 | €19,859 | €12,731 | -€7,128 | -35.9% |
| Profit (loss) for the period | 9904 | €29,731 | €4,282 | -€25,450 | -85.6% |
| Transfer from tax-exempt reserves | 789 | €27,678 | €27,678 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,409 | €31,960 | -€25,450 | -44.3% |
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 14 October 2026 via checked.be.