IRK: 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.
IRK
Largest movements
- Stocks and contracts +€170,000
up €170,000 (+1,775%), from €9,580 to €179,580
- Intangible fixed assets +€79,812
new in 2025: €79,812
- Receivables within one year -€32,749
down €32,749 (-25.2%), from €130,000 to €97,251
- Cash -€29,261
down €29,261 (-66.2%), from €44,200 to €14,939
mainly Stocks and contracts (-€170,000) and Investment in fixed assets (net) (-€88,993)
- Tangible fixed assets -€5,647
down €5,647 (-9.5%), from €59,450 to €53,803
of which Furniture and vehicles: -€6,982
- Other debts +€181,577
new in 2025: €181,577
- Short-term financial debts -€33,472
down €33,472 (-35.2%), from €95,158 to €61,685
- Trade debts +€17,852
up €17,852 (+17.2%), from €104,015 to €121,867
- Tax, wage and social debts +€12,093
up €12,093 (+161%), from €7,521 to €19,614
of which Taxes: +€6,765
- Turnover -€165,448
no longer reported in 2025 (was €165,448)
- Purchases and services -€139,893
no longer reported in 2025 (was €139,893)
- Gross operating margin +€65,428
up €65,428 (+256%), from €25,556 to €90,984
- Staff costs +€49,584
up €49,584 (+767%), from €6,461 to €56,045
- Depreciation +€11,395
up €11,395 (+332%), from €3,434 to €14,829
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 | €243,230 | €425,385 | +€182,154 | +74.9% |
| Fixed assets | 21/28 | €59,450 | €133,615 | +€74,165 | +125% |
| Intangible fixed assets | 21 | - | €79,812 | +€79,812 | |
| Tangible fixed assets | 22/27 | €59,450 | €53,803 | -€5,647 | -9.5% |
| Plant, machinery and equipment | 23 | €1,129 | €626 | -€503 | -44.5% |
| Furniture and vehicles | 24 | €32,714 | €25,732 | -€6,982 | -21.3% |
| Other tangible fixed assets | 26 | €25,607 | €27,444 | +€1,837 | +7.2% |
| Current assets | 29/58 | €183,780 | €291,770 | +€107,990 | +58.8% |
| Stocks and contracts in progress | 3 | €9,580 | €179,580 | +€170,000 | +1,775% |
| Stocks | 30/36 | €9,580 | €179,580 | +€170,000 | +1,775% |
| Amounts receivable within one year | 40/41 | €130,000 | €97,251 | -€32,749 | -25.2% |
| Trade receivables | 40 | €130,000 | €97,251 | -€32,749 | -25.2% |
| Cash at bank and in hand | 54/58 | €44,200 | €14,939 | -€29,261 | -66.2% |
| Total equity and liabilities | 10/49 | €243,230 | €425,385 | +€182,154 | +74.9% |
| Equity | 10/15 | €36,537 | €40,641 | +€4,105 | +11.2% |
| Contributions | 10/11 | €24,960 | €24,960 | = | 0.0% |
| Reserves | 13 | €11,577 | €15,682 | +€4,105 | +35.5% |
| Tax-exempt reserves | 132 | €11,577 | - | -€11,577 | |
| Distributable reserves | 133 | - | €15,682 | +€15,682 | |
| Amounts payable | 17/49 | €206,693 | €384,743 | +€178,050 | +86.1% |
| Amounts payable within one year | 42/48 | €206,693 | €384,743 | +€178,050 | +86.1% |
| Financial debts | 43 | €95,158 | €61,685 | -€33,472 | -35.2% |
| Other loans | 439 | €95,158 | €61,685 | -€33,472 | -35.2% |
| Trade debts | 44 | €104,015 | €121,867 | +€17,852 | +17.2% |
| Suppliers | 440/4 | €104,015 | €121,867 | +€17,852 | +17.2% |
| Taxes, remuneration and social security | 45 | €7,521 | €19,614 | +€12,093 | +161% |
| Taxes | 450/3 | €7,521 | €14,286 | +€6,765 | +90.0% |
| Remuneration and social security | 454/9 | - | €5,328 | +€5,328 | |
| Other amounts payable | 47/48 | - | €181,577 | +€181,577 | |
| Turnover | 70 | €165,448 | - | -€165,448 | |
| Goods, raw materials, services and sundry goods | 60/61 | €139,893 | - | -€139,893 | |
| Remuneration, social security and pensions | 62 | €6,461 | €56,045 | +€49,584 | +767% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,434 | €14,829 | +€11,395 | +332% |
| Other operating charges | 640/8 | €809 | €10,929 | +€10,119 | +1,250% |
| Gross operating margin | 9900 | €25,556 | €90,984 | +€65,428 | +256% |
| Operating profit (loss) | 9901 | €14,851 | €9,181 | -€5,670 | -38.2% |
| Financial income | 75/76B | €2 | €0 | -€1 | -78.8% |
| Recurring financial income | 75 | €2 | €0 | -€1 | -78.8% |
| Financial charges | 65/66B | €130 | €7,821 | +€7,691 | +5,920% |
| Recurring financial charges | 65 | €130 | €7,821 | +€7,691 | +5,920% |
| Profit (loss) for the period before taxes | 9903 | €14,723 | €1,361 | -€13,362 | -90.8% |
| Income taxes | 67/77 | €3,146 | €403 | -€2,744 | -87.2% |
| Profit (loss) for the period | 9904 | €11,577 | €958 | -€10,619 | -91.7% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €11,577 | €958 | -€10,619 | -91.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.