Iris Malengreaux: 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 Malengreaux
Largest movements
- Receivables within one year +€18,706
new in 2025: €18,706
of which Trade receivables: +€18,307
- Cash -€11,364
down €11,364 (-48.2%), from €23,583 to €12,219
mainly Receivables within one year (-€18,706) and Other debts (-€7,500)
- Tangible fixed assets -€1,902
down €1,902 (-20.9%), from €9,112 to €7,210
of which Plant, machinery and equipment: -€1,079
- Intangible fixed assets -€550
down €550 (-54.5%), from €1,010 to €460
- Profit (loss) carried forward +€9,867
up €9,867 (+1,672%), from €590 to €10,457
- Other debts -€7,500
no longer reported in 2025 (was €7,500)
- Tax, wage and social debts +€1,914
up €1,914 (+42.8%), from €4,475 to €6,389
of which Taxes: +€2,633
- Trade debts +€600
up €600 (+17.7%), from €3,383 to €3,983
- Gross operating margin -€5,488
down €5,488 (-24.4%), from €22,532 to €17,044
- Taxes -€1,246
down €1,246 (-29.0%), from €4,295 to €3,049
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,548 | €39,429 | +€4,881 | +14.1% |
| Fixed assets | 21/28 | €10,122 | €7,670 | -€2,452 | -24.2% |
| Intangible fixed assets | 21 | €1,010 | €460 | -€550 | -54.5% |
| Tangible fixed assets | 22/27 | €9,112 | €7,210 | -€1,902 | -20.9% |
| Plant, machinery and equipment | 23 | €7,672 | €6,593 | -€1,079 | -14.1% |
| Furniture and vehicles | 24 | €1,440 | €617 | -€823 | -57.2% |
| Current assets | 29/58 | €24,426 | €31,759 | +€7,333 | +30.0% |
| Amounts receivable within one year | 40/41 | - | €18,706 | +€18,706 | |
| Trade receivables | 40 | - | €18,307 | +€18,307 | |
| Other amounts receivable | 41 | - | €399 | +€399 | |
| Cash at bank and in hand | 54/58 | €23,583 | €12,219 | -€11,364 | -48.2% |
| Deferred charges and accrued income | 490/1 | €843 | €834 | -€9 | -1.1% |
| Total equity and liabilities | 10/49 | €34,548 | €39,429 | +€4,881 | +14.1% |
| Equity | 10/15 | €19,190 | €29,057 | +€9,867 | +51.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €590 | €10,457 | +€9,867 | +1,672% |
| Amounts payable | 17/49 | €15,358 | €10,372 | -€4,986 | -32.5% |
| Amounts payable within one year | 42/48 | €15,358 | €10,372 | -€4,986 | -32.5% |
| Trade debts | 44 | €3,383 | €3,983 | +€600 | +17.7% |
| Suppliers | 440/4 | €3,383 | €3,983 | +€600 | +17.7% |
| Taxes, remuneration and social security | 45 | €4,475 | €6,389 | +€1,914 | +42.8% |
| Taxes | 450/3 | €2,960 | €5,593 | +€2,633 | +89.0% |
| Remuneration and social security | 454/9 | €1,515 | €796 | -€719 | -47.5% |
| Other amounts payable | 47/48 | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,540 | €2,452 | -€88 | -3.5% |
| Other operating charges | 640/8 | €505 | €526 | +€21 | +4.2% |
| Gross operating margin | 9900 | €22,532 | €17,044 | -€5,488 | -24.4% |
| Operating profit (loss) | 9901 | €19,487 | €14,066 | -€5,421 | -27.8% |
| Financial charges | 65/66B | €1,334 | €1,150 | -€184 | -13.8% |
| Recurring financial charges | 65 | €1,334 | €1,150 | -€184 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €18,153 | €12,916 | -€5,237 | -28.8% |
| Income taxes | 67/77 | €4,295 | €3,049 | -€1,246 | -29.0% |
| Profit (loss) for the period | 9904 | €13,858 | €9,867 | -€3,991 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,858 | €9,867 | -€3,991 | -28.8% |
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 21 October 2026 via checked.be.