IRLO: 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.
IRLO
Largest movements
- Receivables within one year +€46,009
up €46,009 (+1975.5%), from €2,329 to €48,338
of which Trade receivables: +€45,107
- Receivables after one year +€20,000
new in 2024: €20,000
- Stocks and contracts -€14,002
down €14,002 (-88.9%), from €15,744 to €1,742
of which Contracts in progress: -€8,094
- Tangible fixed assets +€5,906
up €5,906 (+146.7%), from €4,027 to €9,932
of which Furniture and vehicles: +€4,584
- Cash -€5,340
down €5,340 (-81.3%), from €6,572 to €1,232
mainly Receivables within one year (-€46,009) and Receivables after one year (-€20,000)
- Profit (loss) carried forward +€61,109
up €61,109, from -€57,592 to €3,517
- Trade debts +€12,025
up €12,025 (+47.8%), from €25,157 to €37,183
- Other debts -€11,398
down €11,398 (-71.8%), from €15,881 to €4,483
- Accrued charges and deferred income -€7,209
no longer reported in 2024 (was €7,209)
- Current portion of long-term debt -€3,000
no longer reported in 2024 (was €3,000)
- Gross operating margin +€64,211
up €64,211 (+790.5%), from €8,123 to €72,333
- Staff costs +€5,094
new in 2024: €5,094
- Taxes -€3,171
down €3,171 (-44.7%), from €7,100 to €3,929
- Depreciation +€893
up €893 (+242.4%), from €369 to €1,262
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,152 | €81,978 | +€52,827 | +181.2% |
| Fixed assets | 21/28 | €4,027 | €9,932 | +€5,906 | +146.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €4,027 | €9,932 | +€5,906 | +146.7% |
| Plant, machinery and equipment | 23 | - | €1,321 | +€1,321 | |
| Furniture and vehicles | 24 | €4,027 | €8,611 | +€4,584 | +113.9% |
| Current assets | 29/58 | €25,125 | €72,046 | +€46,921 | +186.7% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Stocks and contracts in progress | 3 | €15,744 | €1,742 | -€14,002 | -88.9% |
| Stocks | 30/36 | €7,650 | €1,742 | -€5,908 | -77.2% |
| Contracts in progress | 37 | €8,094 | - | -€8,094 | |
| Amounts receivable within one year | 40/41 | €2,329 | €48,338 | +€46,009 | +1975.5% |
| Trade receivables | 40 | €2,329 | €47,436 | +€45,107 | +1936.8% |
| Other amounts receivable | 41 | - | €901 | +€901 | |
| Cash at bank and in hand | 54/58 | €6,572 | €1,232 | -€5,340 | -81.3% |
| Deferred charges and accrued income | 490/1 | €480 | €734 | +€255 | +53.0% |
| Total equity and liabilities | 10/49 | €29,152 | €81,978 | +€52,827 | +181.2% |
| Equity | 10/15 | -€25,001 | €36,108 | +€61,109 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,591 | €2,591 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,591 | €2,591 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,591 | €2,591 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,592 | €3,517 | +€61,109 | |
| Amounts payable | 17/49 | €54,153 | €45,871 | -€8,282 | -15.3% |
| Amounts payable within one year | 42/48 | €46,944 | €45,871 | -€1,073 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €3,000 | - | -€3,000 | |
| Trade debts | 44 | €25,157 | €37,183 | +€12,025 | +47.8% |
| Suppliers | 440/4 | €25,157 | €37,183 | +€12,025 | +47.8% |
| Taxes, remuneration and social security | 45 | €2,906 | €4,205 | +€1,300 | +44.7% |
| Taxes | 450/3 | €2,906 | €4,205 | +€1,300 | +44.7% |
| Other amounts payable | 47/48 | €15,881 | €4,483 | -€11,398 | -71.8% |
| Accrued charges and deferred income | 492/3 | €7,209 | - | -€7,209 | |
| Remuneration, social security and pensions | 62 | - | €5,094 | +€5,094 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €1,262 | +€893 | +242.4% |
| Other operating charges | 640/8 | €444 | €606 | +€162 | +36.4% |
| Gross operating margin | 9900 | €8,123 | €72,333 | +€64,211 | +790.5% |
| Operating profit (loss) | 9901 | €7,310 | €65,371 | +€58,061 | +794.3% |
| Financial income | 75/76B | €159 | €61 | -€98 | -61.7% |
| Recurring financial income | 75 | €159 | €61 | -€98 | -61.7% |
| Financial charges | 65/66B | €362 | €394 | +€32 | +8.9% |
| Recurring financial charges | 65 | €362 | €394 | +€32 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €7,107 | €65,037 | +€57,931 | +815.2% |
| Income taxes | 67/77 | €7,100 | €3,929 | -€3,171 | -44.7% |
| Profit (loss) for the period | 9904 | €7 | €61,109 | +€61,102 | +938590.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7 | €61,109 | +€61,102 | +938590.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.