IRK CONSTRUCT: 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 CONSTRUCT
Largest movements
- Deferred charges and accrued income +€65,491
new in 2025: €65,491
- Receivables within one year +€40,431
up €40,431 (+8.5%), from €477,011 to €517,442
of which Trade receivables: +€44,139
- Financial fixed assets +€29,494
new in 2025: €29,494
- Tangible fixed assets +€9,366
up €9,366 (+33.2%), from €28,223 to €37,590
of which Furniture and vehicles: +€9,366
- Other debts +€140,251
up €140,251 (+40.9%), from €342,794 to €483,045
- Accrued charges and deferred income +€13,429
up €13,429 (+77.9%), from €17,249 to €30,677
- Profit (loss) carried forward -€6,611
down €6,611 (-6.0%), from €109,546 to €102,935
- Staff costs +€69,746
up €69,746 (+184%), from €37,984 to €107,730
- Financial income -€46,247
down €46,247 (-99.4%), from €46,514 to €267
- Gross operating margin +€21,997
up €21,997 (+19.1%), from €115,276 to €137,273
- Taxes +€6,078
up €6,078 (+111%), from €5,460 to €11,538
- Depreciation +€4,683
new in 2025: €4,683
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €505,234 | €650,182 | +€144,948 | +28.7% |
| Fixed assets | 21/28 | €28,223 | €67,083 | +€38,860 | +138% |
| Tangible fixed assets | 22/27 | €28,223 | €37,590 | +€9,366 | +33.2% |
| Furniture and vehicles | 24 | - | €9,366 | +€9,366 | |
| Other tangible fixed assets | 26 | €28,223 | €28,223 | = | 0.0% |
| Financial fixed assets | 28 | - | €29,494 | +€29,494 | |
| Current assets | 29/58 | €477,011 | €583,099 | +€106,088 | +22.2% |
| Amounts receivable within one year | 40/41 | €477,011 | €517,442 | +€40,431 | +8.5% |
| Trade receivables | 40 | €467,152 | €511,292 | +€44,139 | +9.4% |
| Other amounts receivable | 41 | €9,859 | €6,150 | -€3,708 | -37.6% |
| Cash at bank and in hand | 54/58 | - | €166 | +€166 | |
| Deferred charges and accrued income | 490/1 | - | €65,491 | +€65,491 | |
| Total equity and liabilities | 10/49 | €505,234 | €650,182 | +€144,948 | +28.7% |
| Equity | 10/15 | €130,006 | €123,395 | -€6,611 | -5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,546 | €102,935 | -€6,611 | -6.0% |
| Amounts payable | 17/49 | €375,228 | €526,787 | +€151,559 | +40.4% |
| Amounts payable within one year | 42/48 | €357,980 | €496,110 | +€138,130 | +38.6% |
| Financial debts | 43 | €12 | - | -€12 | |
| Credit institutions | 430/8 | €12 | - | -€12 | |
| Taxes, remuneration and social security | 45 | €15,173 | €13,065 | -€2,108 | -13.9% |
| Taxes | 450/3 | - | €13,065 | +€13,065 | |
| Remuneration and social security | 454/9 | €15,173 | - | -€15,173 | |
| Other amounts payable | 47/48 | €342,794 | €483,045 | +€140,251 | +40.9% |
| Accrued charges and deferred income | 492/3 | €17,249 | €30,677 | +€13,429 | +77.9% |
| Remuneration, social security and pensions | 62 | €37,984 | €107,730 | +€69,746 | +184% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,683 | +€4,683 | |
| Other operating charges | 640/8 | - | €2,073 | +€2,073 | |
| Gross operating margin | 9900 | €115,276 | €137,273 | +€21,997 | +19.1% |
| Operating profit (loss) | 9901 | €77,292 | €22,787 | -€54,505 | -70.5% |
| Financial income | 75/76B | €46,514 | €267 | -€46,247 | -99.4% |
| Recurring financial income | 75 | €46,514 | €267 | -€46,247 | -99.4% |
| Financial charges | 65/66B | €227 | €344 | +€118 | +51.9% |
| Recurring financial charges | 65 | €227 | €344 | +€118 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €123,579 | €22,710 | -€100,870 | -81.6% |
| Income taxes | 67/77 | €5,460 | €11,538 | +€6,078 | +111% |
| Profit (loss) for the period | 9904 | €118,119 | €11,172 | -€106,948 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €118,119 | €11,172 | -€106,948 | -90.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.