Iris Technical Services: 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 Technical Services
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€742,407
2024 · -€50,385-€692,022
Equity
-€651,787
2024 · €105,218-€757,005
Cash
€1,322
2024 · €26,973-€25,651
Balance sheet total
€3.7m
2024 · €1.8m+€1.8m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+168.8%), from €978,266 to €2.6m
of which Trade receivables: +€1.6m
- Intangible fixed assets +€106,040
new in 2025: €106,040
- Stocks and contracts +€94,196
up €94,196 (+48.1%), from €195,969 to €290,165
Equity and liabilities
- Other debts +€1.8m
up €1.8m (+256.9%), from €695,758 to €2.5m
- Profit (loss) carried forward -€742,403
down €742,403 (-58.3%), from -€1.3m to -€2.0m
- Trade debts +€459,301
up €459,301 (+169.3%), from €271,219 to €730,520
- Tax, wage and social debts +€387,603
up €387,603 (+221.7%), from €174,841 to €562,444
of which Remuneration and social security: +€361,521
- Debts after one year -€55,188
down €55,188 (-15.4%), from €358,784 to €303,597
Income statement
- Turnover -€2.4m
no longer reported in 2025 (was €2.4m)
- Staff costs +€2.0m
up €2.0m (+197.0%), from €1.0m to €3.1m
- Gross operating margin +€1.4m
up €1.4m (+123.9%), from €1.1m to €2.4m
- Purchases and services -€1.3m
no longer reported in 2025 (was €1.3m)
- Write-downs -€46,108
down €46,108, from €23,081 to -€23,028
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
-€50,385
Gross operating margin
+€1.4m
Staff costs
-€2.0m
Depreciation
-€17,362
Write-downs
+€46,108
Other operating charges
-€14,940
Financial income
-€3,771
Financial charges
-€29,440
Taxes
-€511
Result 2025
-€742,407
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
+€253,087
Investment
-€209,768
Financing
-€68,970
Cash 2024
€26,973
From operations (derived)
+€253,087
Net result for the year
-€742,407
Depreciation
+€92,489
Stocks and contracts
-€94,196
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€8,956
Trade debts
+€459,301
Tax, wage and social debts
+€387,603
Other debts
+€1.8m
Accrued charges and deferred income
+€23,238
Investment (derived)
-€209,768
Investment in fixed assets (net)
-€209,768
Financing
-€68,970
Debts after one year
-€55,188
Current portion of long-term debt
+€815
Contributions, distributions and other
-€14,598
Cash 2025
€1,322
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,838,472 | €3,684,903 | +€1.8m | +100.4% |
| Fixed assets | 21/28 | €631,690 | €748,969 | +€117,279 | +18.6% |
| Intangible fixed assets | 21 | - | €106,040 | +€106,040 | |
| Tangible fixed assets | 22/27 | €631,690 | €642,929 | +€11,239 | +1.8% |
| Land and buildings | 22 | €550,757 | €503,715 | -€47,042 | -8.5% |
| Plant, machinery and equipment | 23 | €44,533 | €97,242 | +€52,710 | +118.4% |
| Furniture and vehicles | 24 | €29,910 | €31,333 | +€1,423 | +4.8% |
| Assets under construction and advance payments | 27 | €6,490 | €10,638 | +€4,148 | +63.9% |
| Current assets | 29/58 | €1,206,782 | €2,935,935 | +€1.7m | +143.3% |
| Stocks and contracts in progress | 3 | €195,969 | €290,165 | +€94,196 | +48.1% |
| Stocks | 30/36 | €195,969 | €290,165 | +€94,196 | +48.1% |
| Amounts receivable within one year | 40/41 | €978,266 | €2,629,918 | +€1.7m | +168.8% |
| Trade receivables | 40 | €936,890 | €2,546,820 | +€1.6m | +171.8% |
| Other amounts receivable | 41 | €41,376 | €83,098 | +€41,722 | +100.8% |
| Cash at bank and in hand | 54/58 | €26,973 | €1,322 | -€25,651 | -95.1% |
| Deferred charges and accrued income | 490/1 | €5,574 | €14,530 | +€8,956 | +160.7% |
| Total equity and liabilities | 10/49 | €1,838,472 | €3,684,903 | +€1.8m | +100.4% |
| Equity | 10/15 | €105,218 | -€651,787 | -€757,005 | |
| Contributions | 10/11 | €1,326,875 | €1,326,875 | = | 0.0% |
| Capital | 10 | €1,326,875 | €1,326,875 | = | 0.0% |
| Issued capital | 100 | €1,326,875 | €1,326,875 | = | 0.0% |
| Reserves | 13 | €7,688 | €7,688 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €7,688 | €7,688 | -€1 | 0.0% |
| Legal reserve | 130 | €7,688 | €7,688 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,273,149 | -€2,015,552 | -€742,403 | -58.3% |
| Investment grants | 15 | €43,803 | €29,202 | -€14,601 | -33.3% |
| Amounts payable | 17/49 | €1,733,254 | €4,336,691 | +€2.6m | +150.2% |
| Amounts payable after more than one year | 17 | €358,784 | €303,597 | -€55,188 | -15.4% |
| Financial debts | 170/4 | €358,784 | €303,597 | -€55,188 | -15.4% |
| Amounts payable within one year | 42/48 | €1,196,190 | €3,831,576 | +€2.6m | +220.3% |
| Current portion of amounts payable after more than one year | 42 | €54,373 | €55,188 | +€815 | +1.5% |
| Trade debts | 44 | €271,219 | €730,520 | +€459,301 | +169.3% |
| Suppliers | 440/4 | €271,219 | €730,520 | +€459,301 | +169.3% |
| Taxes, remuneration and social security | 45 | €174,841 | €562,444 | +€387,603 | +221.7% |
| Taxes | 450/3 | €19,435 | €45,517 | +€26,082 | +134.2% |
| Remuneration and social security | 454/9 | €155,406 | €516,927 | +€361,521 | +232.6% |
| Other amounts payable | 47/48 | €695,758 | €2,483,424 | +€1.8m | +256.9% |
| Accrued charges and deferred income | 492/3 | €178,280 | €201,518 | +€23,238 | +13.0% |
| Turnover | 70 | €2,360,669 | - | -€2.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,336,621 | - | -€1.3m | |
| Remuneration, social security and pensions | 62 | €1,028,820 | €3,055,874 | +€2.0m | +197.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,128 | €92,489 | +€17,362 | +23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,081 | -€23,028 | -€46,108 | |
| Other operating charges | 640/8 | €2,211 | €17,150 | +€14,940 | +675.8% |
| Gross operating margin | 9900 | €1,093,455 | €2,448,401 | +€1.4m | +123.9% |
| Operating profit (loss) | 9901 | -€35,784 | -€694,085 | -€658,300 | -1839.6% |
| Financial income | 75/76B | €18,659 | €14,888 | -€3,771 | -20.2% |
| Recurring financial income | 75 | €18,659 | €14,888 | -€3,771 | -20.2% |
| Financial charges | 65/66B | €32,218 | €61,658 | +€29,440 | +91.4% |
| Recurring financial charges | 65 | €32,218 | €61,658 | +€29,440 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,343 | -€740,854 | -€691,511 | -1401.4% |
| Income taxes | 67/77 | €1,042 | €1,553 | +€511 | +49.1% |
| Profit (loss) for the period | 9904 | -€50,385 | -€742,407 | -€692,022 | -1373.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,385 | -€742,407 | -€692,022 | -1373.5% |
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 29 September 2026 via checked.be.