IRJAM: 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.
IRJAM
Largest movements
- Tangible fixed assets +€248,111
up €248,111 (+211.2%), from €117,496 to €365,608
of which Other tangible fixed assets: +€165,899
- Receivables within one year -€236,911
down €236,911 (-11.2%), from €2.1m to €1.9m
of which Other amounts receivable: -€218,971
- Profit (loss) carried forward +€53,985
up €53,985 (+4.8%), from €1.1m to €1.2m
- Trade debts -€48,207
down €48,207 (-27.1%), from €178,063 to €129,857
- Gross operating margin +€128,962
up €128,962 (+25.0%), from €515,722 to €644,684
- Taxes +€35,218
up €35,218 (+54.8%), from €64,301 to €99,519
- Provisions -€32,200
down €32,200, from €16,100 to -€16,100
- Financial income -€23,461
down €23,461 (-43.2%), from €54,260 to €30,799
- Depreciation +€22,198
up €22,198 (+242.5%), from €9,154 to €31,351
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,360,986 | €2,360,071 | -€915 | 0.0% |
| Fixed assets | 21/28 | €201,529 | €449,640 | +€248,111 | +123.1% |
| Tangible fixed assets | 22/27 | €117,496 | €365,608 | +€248,111 | +211.2% |
| Plant, machinery and equipment | 23 | €96,873 | €181,046 | +€84,172 | +86.9% |
| Furniture and vehicles | 24 | €5,554 | €3,594 | -€1,960 | -35.3% |
| Other tangible fixed assets | 26 | €15,069 | €180,968 | +€165,899 | +1100.9% |
| Financial fixed assets | 28 | €84,033 | €84,033 | = | 0.0% |
| Current assets | 29/58 | €2,159,457 | €1,910,431 | -€249,026 | -11.5% |
| Amounts receivable within one year | 40/41 | €2,107,706 | €1,870,795 | -€236,911 | -11.2% |
| Trade receivables | 40 | €19,981 | €2,041 | -€17,939 | -89.8% |
| Other amounts receivable | 41 | €2,087,725 | €1,868,754 | -€218,971 | -10.5% |
| Cash at bank and in hand | 54/58 | €50,869 | €38,992 | -€11,877 | -23.3% |
| Deferred charges and accrued income | 490/1 | €883 | €644 | -€239 | -27.0% |
| Total equity and liabilities | 10/49 | €2,360,986 | €2,360,071 | -€915 | 0.0% |
| Equity | 10/15 | €2,091,280 | €2,145,265 | +€53,985 | +2.6% |
| Contributions | 10/11 | €966,656 | €966,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,124,624 | €1,178,609 | +€53,985 | +4.8% |
| Provisions and deferred taxes | 16 | €16,100 | - | -€16,100 | |
| Provisions for liabilities and charges | 160/5 | €16,100 | - | -€16,100 | |
| Other liabilities and charges | 164/5 | €16,100 | - | -€16,100 | |
| Amounts payable | 17/49 | €253,606 | €214,807 | -€38,800 | -15.3% |
| Amounts payable within one year | 42/48 | €253,606 | €214,807 | -€38,800 | -15.3% |
| Trade debts | 44 | €178,063 | €129,857 | -€48,207 | -27.1% |
| Suppliers | 440/4 | €178,063 | €129,857 | -€48,207 | -27.1% |
| Taxes, remuneration and social security | 45 | €67,005 | €65,685 | -€1,320 | -2.0% |
| Taxes | 450/3 | €52,014 | €48,018 | -€3,996 | -7.7% |
| Remuneration and social security | 454/9 | €14,991 | €17,666 | +€2,676 | +17.8% |
| Other amounts payable | 47/48 | €8,539 | €19,265 | +€10,727 | +125.6% |
| Remuneration, social security and pensions | 62 | €180,513 | €192,525 | +€12,012 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,154 | €31,351 | +€22,198 | +242.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €16,100 | -€16,100 | -€32,200 | |
| Other operating charges | 640/8 | €300,375 | €311,362 | +€10,987 | +3.7% |
| Gross operating margin | 9900 | €515,722 | €644,684 | +€128,962 | +25.0% |
| Operating profit (loss) | 9901 | €9,580 | €125,546 | +€115,966 | +1210.5% |
| Financial income | 75/76B | €54,260 | €30,799 | -€23,461 | -43.2% |
| Recurring financial income | 75 | €54,260 | €30,799 | -€23,461 | -43.2% |
| Financial charges | 65/66B | €2,032 | €2,841 | +€809 | +39.8% |
| Recurring financial charges | 65 | €2,032 | €2,841 | +€809 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €61,808 | €153,504 | +€91,696 | +148.4% |
| Income taxes | 67/77 | €64,301 | €99,519 | +€35,218 | +54.8% |
| Profit (loss) for the period | 9904 | -€2,492 | €53,985 | +€56,477 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,492 | €53,985 | +€56,477 |
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 11 October 2026 via checked.be.