IRISTICK: 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.
IRISTICK
Largest movements
- Receivables within one year +€547,941
up €547,941 (+32.2%), from €1.7m to €2.3m
of which Trade receivables: +€312,027
- Intangible fixed assets -€439,281
down €439,281 (-26.1%), from €1.7m to €1.2m
- Cash -€110,968
down €110,968 (-38.6%), from €287,428 to €176,459
mainly Net result for the year (-€1.2m) and Receivables within one year (-€547,941)
- Stocks and contracts +€82,545
up €82,545 (+18.7%), from €442,315 to €524,860
- Profit (loss) carried forward -€1.2m
down €1.2m (-16.8%), from -€7.1m to -€8.3m
- Contributions +€1.0m
up €1.0m (+9.4%), from €10.6m to €11.6m
- Trade debts +€254,859
up €254,859 (+49.7%), from €513,025 to €767,884
- Gross operating margin +€511,625
up €511,625, from -€499,471 to €12,154
- Write-downs -€243,650
down €243,650, from €242,200 to -€1,450
- Staff costs +€70,949
up €70,949 (+19.1%), from €371,340 to €442,289
- Depreciation -€19,717
down €19,717 (-2.5%), from €773,930 to €754,213
- Financial income -€16,614
down €16,614 (-63.5%), from €26,162 to €9,548
of which Financial income: -€16,614
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 | €4,377,598 | €4,450,034 | +€72,436 | +1.7% |
| Fixed assets | 21/28 | €1,746,788 | €1,306,175 | -€440,612 | -25.2% |
| Intangible fixed assets | 21 | €1,684,119 | €1,244,838 | -€439,281 | -26.1% |
| Tangible fixed assets | 22/27 | €10,083 | €14,746 | +€4,663 | +46.2% |
| Plant, machinery and equipment | 23 | €3,939 | €8,682 | +€4,743 | +120% |
| Furniture and vehicles | 24 | €5,446 | €5,540 | +€94 | +1.7% |
| Other tangible fixed assets | 26 | €698 | €524 | -€174 | -25.0% |
| Financial fixed assets | 28 | €52,585 | €46,591 | -€5,994 | -11.4% |
| Current assets | 29/58 | €2,630,810 | €3,143,859 | +€513,049 | +19.5% |
| Stocks and contracts in progress | 3 | €442,315 | €524,860 | +€82,545 | +18.7% |
| Stocks | 30/36 | €442,315 | €524,860 | +€82,545 | +18.7% |
| Amounts receivable within one year | 40/41 | €1,704,281 | €2,252,222 | +€547,941 | +32.2% |
| Trade receivables | 40 | €1,334,914 | €1,646,941 | +€312,027 | +23.4% |
| Other amounts receivable | 41 | €369,367 | €605,281 | +€235,914 | +63.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €287,428 | €176,459 | -€110,968 | -38.6% |
| Deferred charges and accrued income | 490/1 | €196,786 | €190,318 | -€6,469 | -3.3% |
| Total equity and liabilities | 10/49 | €4,377,598 | €4,450,034 | +€72,436 | +1.7% |
| Equity | 10/15 | €3,566,134 | €3,375,944 | -€190,190 | -5.3% |
| Contributions | 10/11 | €10,642,320 | €11,642,323 | +€1.0m | +9.4% |
| Capital | 10 | €10,642,320 | €11,642,323 | +€1.0m | +9.4% |
| Issued capital | 100 | €10,642,320 | €11,642,323 | +€1.0m | +9.4% |
| Profit (loss) carried forward | 14 | -€7,076,186 | -€8,266,379 | -€1.2m | -16.8% |
| Amounts payable | 17/49 | €811,464 | €1,074,091 | +€262,626 | +32.4% |
| Amounts payable within one year | 42/48 | €561,604 | €837,279 | +€275,675 | +49.1% |
| Financial debts | 43 | €3,648 | €8,052 | +€4,404 | +121% |
| Credit institutions | 430/8 | €3,648 | €8,052 | +€4,404 | +121% |
| Trade debts | 44 | €513,025 | €767,884 | +€254,859 | +49.7% |
| Suppliers | 440/4 | €513,025 | €767,884 | +€254,859 | +49.7% |
| Taxes, remuneration and social security | 45 | €38,791 | €52,030 | +€13,238 | +34.1% |
| Taxes | 450/3 | €0 | €1,288 | +€1,288 | |
| Remuneration and social security | 454/9 | €38,791 | €50,741 | +€11,950 | +30.8% |
| Other amounts payable | 47/48 | €6,139 | €9,313 | +€3,174 | +51.7% |
| Accrued charges and deferred income | 492/3 | €249,860 | €236,812 | -€13,048 | -5.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €371,340 | €442,289 | +€70,949 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773,930 | €754,213 | -€19,717 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €242,200 | -€1,450 | -€243,650 | |
| Other operating charges | 640/8 | €1,519 | €2,733 | +€1,214 | +79.9% |
| Non-recurring operating charges | 66A | €321,960 | €1,461 | -€320,499 | -99.5% |
| Gross operating margin | 9900 | -€499,471 | €12,154 | +€511,625 | |
| Operating profit (loss) | 9901 | -€2,210,421 | -€1,187,093 | +€1.0m | +46.3% |
| Financial income | 75/76B | €26,162 | €9,548 | -€16,614 | -63.5% |
| Recurring financial income | 75 | €26,162 | €9,548 | -€16,614 | -63.5% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €5,545 | €11,456 | +€5,911 | +107% |
| Recurring financial charges | 65 | €5,545 | €11,456 | +€5,911 | +107% |
| Profit (loss) for the period before taxes | 9903 | -€2,189,804 | -€1,189,001 | +€1.0m | +45.7% |
| Income taxes | 67/77 | €1,214 | €1,191 | -€23 | -1.9% |
| Profit (loss) for the period | 9904 | -€2,191,018 | -€1,190,193 | +€1.0m | +45.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,191,018 | -€1,190,193 | +€1.0m | +45.7% |
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 24 October 2026 via checked.be.