IRK GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Stocks and contracts -€179,000
no longer reported in 2025 (was €179,000)
- Cash -€42,459
down €42,459 (-77.1%), from €55,049 to €12,590
mainly Accrued charges and deferred income (-€399,967) and Debts after one year (-€174,178)
- Financial fixed assets +€17,256
up €17,256 (+161.9%), from €10,660 to €27,916
- Accrued charges and deferred income -€399,967
down €399,967 (-98.5%), from €406,000 to €6,033
- Trade debts +€397,318
up €397,318 (+180.7%), from €219,922 to €617,241
- Debts after one year -€174,178
no longer reported in 2025 (was €174,178)
- Other debts -€49,650
down €49,650 (-60.1%), from €82,650 to €33,000
- Profit (loss) carried forward +€18,347
up €18,347 (+2.4%), from €773,579 to €791,926
- Gross operating margin -€51,554
down €51,554 (-28.1%), from €183,784 to €132,230
- Other operating charges +€34,382
up €34,382 (+234.7%), from €14,650 to €49,032
- Financial income +€19,166
up €19,166 (+5371.4%), from €357 to €19,523
of which Financial income: +€19,371
- Financial charges +€15,462
up €15,462 (+285.8%), from €5,409 to €20,871
- Taxes +€14,883
up €14,883 (+1463.5%), from €1,017 to €15,900
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 | €1,720,290 | €1,521,843 | -€198,447 | -11.5% |
| Fixed assets | 21/28 | €14,676 | €27,916 | +€13,240 | +90.2% |
| Tangible fixed assets | 22/27 | €4,016 | - | -€4,016 | |
| Furniture and vehicles | 24 | €4,016 | - | -€4,016 | |
| Financial fixed assets | 28 | €10,660 | €27,916 | +€17,256 | +161.9% |
| Current assets | 29/58 | €1,705,614 | €1,493,927 | -€211,687 | -12.4% |
| Stocks and contracts in progress | 3 | €179,000 | - | -€179,000 | |
| Stocks | 30/36 | €179,000 | - | -€179,000 | |
| Amounts receivable within one year | 40/41 | €1,434,394 | €1,444,165 | +€9,772 | +0.7% |
| Trade receivables | 40 | €1,227,688 | €1,291,002 | +€63,314 | +5.2% |
| Other amounts receivable | 41 | €206,706 | €153,163 | -€53,542 | -25.9% |
| Cash at bank and in hand | 54/58 | €55,049 | €12,590 | -€42,459 | -77.1% |
| Deferred charges and accrued income | 490/1 | €37,171 | €37,171 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,720,290 | €1,521,843 | -€198,447 | -11.5% |
| Equity | 10/15 | €794,039 | €812,386 | +€18,347 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €773,579 | €791,926 | +€18,347 | +2.4% |
| Amounts payable | 17/49 | €926,251 | €709,457 | -€216,794 | -23.4% |
| Amounts payable after more than one year | 17 | €174,178 | - | -€174,178 | |
| Financial debts | 170/4 | €174,178 | - | -€174,178 | |
| Amounts payable within one year | 42/48 | €346,072 | €703,424 | +€357,352 | +103.3% |
| Financial debts | 43 | €43,500 | €53,184 | +€9,684 | +22.3% |
| Credit institutions | 430/8 | €43,500 | €53,184 | +€9,684 | +22.3% |
| Trade debts | 44 | €219,922 | €617,241 | +€397,318 | +180.7% |
| Suppliers | 440/4 | €219,922 | €617,241 | +€397,318 | +180.7% |
| Other amounts payable | 47/48 | €82,650 | €33,000 | -€49,650 | -60.1% |
| Accrued charges and deferred income | 492/3 | €406,000 | €6,033 | -€399,967 | -98.5% |
| Remuneration, social security and pensions | 62 | €3,965 | €10,587 | +€6,622 | +167.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,332 | €4,016 | -€317 | -7.3% |
| Other operating charges | 640/8 | €14,650 | €49,032 | +€34,382 | +234.7% |
| Gross operating margin | 9900 | €183,784 | €132,230 | -€51,554 | -28.1% |
| Operating profit (loss) | 9901 | €160,836 | €68,595 | -€92,241 | -57.4% |
| Financial income | 75/76B | €357 | €19,523 | +€19,166 | +5371.4% |
| Recurring financial income | 75 | €152 | €19,523 | +€19,371 | +12759.3% |
| Non-recurring financial income | 76B | €205 | - | -€205 | |
| Financial charges | 65/66B | €5,409 | €20,871 | +€15,462 | +285.8% |
| Recurring financial charges | 65 | €5,409 | €20,871 | +€15,462 | +285.8% |
| Profit (loss) for the period before taxes | 9903 | €155,784 | €67,247 | -€88,537 | -56.8% |
| Income taxes | 67/77 | €1,017 | €15,900 | +€14,883 | +1463.5% |
| Profit (loss) for the period | 9904 | €154,767 | €51,347 | -€103,420 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,767 | €51,347 | -€103,420 | -66.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.