IRIX GROUP: 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.
IRIX GROUP
Largest movements
- Cash -€31,060
down €31,060 (-8.2%), from €379,262 to €348,202
mainly Investment in fixed assets (net) (-€49,633) and Trade debts (-€39,544)
- Receivables within one year -€15,462
down €15,462 (-8.0%), from €193,963 to €178,500
of which Trade receivables: -€16,074
- Trade debts -€39,544
down €39,544 (-47.0%), from €84,222 to €44,679
- Debts after one year -€29,588
down €29,588 (-19.5%), from €151,716 to €122,127
- Tax, wage and social debts +€12,726
up €12,726 (+13.1%), from €97,186 to €109,912
of which Taxes: +€8,627
- Gross operating margin -€209,769
down €209,769 (-29.4%), from €714,155 to €504,385
- Taxes -€52,927
down €52,927 (-87.4%), from €60,577 to €7,650
- Staff costs -€40,225
down €40,225 (-9.1%), from €441,893 to €401,668
- Depreciation +€12,759
up €12,759 (+29.1%), from €43,801 to €56,560
- Write-downs -€8,500
no longer reported in 2025 (was €8,500)
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 | €1,171,933 | €1,129,591 | -€42,341 | -3.6% |
| Fixed assets | 21/28 | €364,711 | €357,785 | -€6,927 | -1.9% |
| Intangible fixed assets | 21 | €243 | - | -€243 | |
| Tangible fixed assets | 22/27 | €364,468 | €357,785 | -€6,683 | -1.8% |
| Land and buildings | 22 | €277,884 | €264,916 | -€12,967 | -4.7% |
| Plant, machinery and equipment | 23 | €23,094 | €16,559 | -€6,535 | -28.3% |
| Furniture and vehicles | 24 | €63,491 | €76,309 | +€12,819 | +20.2% |
| Current assets | 29/58 | €807,221 | €771,807 | -€35,415 | -4.4% |
| Stocks and contracts in progress | 3 | €230,412 | €237,586 | +€7,174 | +3.1% |
| Stocks | 30/36 | €200,912 | €201,346 | +€434 | +0.2% |
| Contracts in progress | 37 | €29,500 | €36,240 | +€6,740 | +22.8% |
| Amounts receivable within one year | 40/41 | €193,963 | €178,500 | -€15,462 | -8.0% |
| Trade receivables | 40 | €171,506 | €155,432 | -€16,074 | -9.4% |
| Other amounts receivable | 41 | €22,456 | €23,068 | +€612 | +2.7% |
| Cash at bank and in hand | 54/58 | €379,262 | €348,202 | -€31,060 | -8.2% |
| Deferred charges and accrued income | 490/1 | €3,585 | €7,519 | +€3,934 | +110% |
| Total equity and liabilities | 10/49 | €1,171,933 | €1,129,591 | -€42,341 | -3.6% |
| Equity | 10/15 | €765,903 | €777,565 | +€11,662 | +1.5% |
| Contributions | 10/11 | €80,592 | €80,592 | = | 0.0% |
| Reserves | 13 | €201,521 | €213,184 | +€11,662 | +5.8% |
| Non-distributable reserves | 130/1 | €8,059 | €8,059 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,059 | €8,059 | = | 0.0% |
| Distributable reserves | 133 | €193,462 | €205,125 | +€11,662 | +6.0% |
| Profit (loss) carried forward | 14 | €483,789 | €483,789 | = | 0.0% |
| Amounts payable | 17/49 | €406,030 | €352,026 | -€54,004 | -13.3% |
| Amounts payable after more than one year | 17 | €151,716 | €122,127 | -€29,588 | -19.5% |
| Financial debts | 170/4 | €151,716 | €122,127 | -€29,588 | -19.5% |
| Amounts payable within one year | 42/48 | €254,315 | €229,899 | -€24,416 | -9.6% |
| Current portion of amounts payable after more than one year | 42 | €55,638 | €64,195 | +€8,557 | +15.4% |
| Trade debts | 44 | €84,222 | €44,679 | -€39,544 | -47.0% |
| Suppliers | 440/4 | €84,222 | €44,679 | -€39,544 | -47.0% |
| Advances received on contracts in progress | 46 | €15,614 | €10,821 | -€4,793 | -30.7% |
| Taxes, remuneration and social security | 45 | €97,186 | €109,912 | +€12,726 | +13.1% |
| Taxes | 450/3 | €36,289 | €44,916 | +€8,627 | +23.8% |
| Remuneration and social security | 454/9 | €60,897 | €64,996 | +€4,099 | +6.7% |
| Other amounts payable | 47/48 | €1,654 | €292 | -€1,362 | -82.3% |
| Non-recurring operating income | 76A | €4,926 | €826 | -€4,100 | -83.2% |
| Remuneration, social security and pensions | 62 | €441,893 | €401,668 | -€40,225 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,801 | €56,560 | +€12,759 | +29.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,500 | - | -€8,500 | |
| Other operating charges | 640/8 | €10,429 | €10,209 | -€219 | -2.1% |
| Gross operating margin | 9900 | €714,155 | €504,385 | -€209,769 | -29.4% |
| Operating profit (loss) | 9901 | €209,532 | €35,948 | -€173,584 | -82.8% |
| Financial income | 75/76B | €1,152 | €1,112 | -€40 | -3.5% |
| Recurring financial income | 75 | €1,152 | €1,112 | -€40 | -3.5% |
| Financial charges | 65/66B | €19,691 | €17,747 | -€1,944 | -9.9% |
| Recurring financial charges | 65 | €19,691 | €17,747 | -€1,944 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €190,993 | €19,312 | -€171,681 | -89.9% |
| Income taxes | 67/77 | €60,577 | €7,650 | -€52,927 | -87.4% |
| Profit (loss) for the period | 9904 | €130,416 | €11,662 | -€118,754 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €130,416 | €11,662 | -€118,754 | -91.1% |
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.