IRMAR: 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.
IRMAR
Largest movements
- Tangible fixed assets +€753,454
up €753,454 (+165.4%), from €455,454 to €1.2m
- Cash +€48,551
up €48,551 (+28.2%), from €172,347 to €220,898
mainly Debts after one year (+€868,620) and Accrued charges and deferred income (+€12,030)
- Debts after one year +€868,620
up €868,620 (+434.3%), from €200,000 to €1.1m
- Profit (loss) carried forward -€53,782
down €53,782 (-82.8%), from -€64,921 to -€118,704
- Trade debts -€18,232
down €18,232 (-77.2%), from €23,609 to €5,377
- Financial charges +€22,378
up €22,378 (+483.0%), from €4,633 to €27,011
- Financial income +€13,205
up €13,205 (+2344.3%), from €563 to €13,768
- Depreciation +€2,829
up €2,829 (+36.8%), from €7,695 to €10,525
- Gross operating margin +€1,603
up €1,603 (+5.5%), from -€29,190 to -€27,587
- Other operating charges +€1,383
up €1,383 (+132.2%), from €1,046 to €2,429
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 | €637,774 | €1,446,607 | +€808,833 | +126.8% |
| Fixed assets | 21/28 | €455,454 | €1,208,907 | +€753,454 | +165.4% |
| Tangible fixed assets | 22/27 | €455,454 | €1,208,907 | +€753,454 | +165.4% |
| Land and buildings | 22 | €455,454 | €1,208,907 | +€753,454 | +165.4% |
| Current assets | 29/58 | €182,320 | €237,699 | +€55,380 | +30.4% |
| Amounts receivable within one year | 40/41 | €9,973 | €16,801 | +€6,828 | +68.5% |
| Trade receivables | 40 | - | €11,794 | +€11,794 | |
| Other amounts receivable | 41 | €9,973 | €5,007 | -€4,966 | -49.8% |
| Cash at bank and in hand | 54/58 | €172,347 | €220,898 | +€48,551 | +28.2% |
| Total equity and liabilities | 10/49 | €637,774 | €1,446,607 | +€808,833 | +126.8% |
| Equity | 10/15 | €409,079 | €355,296 | -€53,782 | -13.1% |
| Contributions | 10/11 | €474,000 | €474,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€64,921 | -€118,704 | -€53,782 | -82.8% |
| Amounts payable | 17/49 | €228,695 | €1,091,310 | +€862,615 | +377.2% |
| Amounts payable after more than one year | 17 | €200,000 | €1,068,620 | +€868,620 | +434.3% |
| Financial debts | 170/4 | €200,000 | €1,068,620 | +€868,620 | +434.3% |
| Amounts payable within one year | 42/48 | €24,115 | €6,080 | -€18,035 | -74.8% |
| Trade debts | 44 | €23,609 | €5,377 | -€18,232 | -77.2% |
| Suppliers | 440/4 | €23,609 | €5,377 | -€18,232 | -77.2% |
| Other amounts payable | 47/48 | €505 | €703 | +€197 | +39.1% |
| Accrued charges and deferred income | 492/3 | €4,580 | €16,610 | +€12,030 | +262.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,695 | €10,525 | +€2,829 | +36.8% |
| Other operating charges | 640/8 | €1,046 | €2,429 | +€1,383 | +132.2% |
| Gross operating margin | 9900 | -€29,190 | -€27,587 | +€1,603 | +5.5% |
| Operating profit (loss) | 9901 | -€37,931 | -€40,540 | -€2,609 | -6.9% |
| Financial income | 75/76B | €563 | €13,768 | +€13,205 | +2344.3% |
| Recurring financial income | 75 | €563 | €13,768 | +€13,205 | +2344.3% |
| Financial charges | 65/66B | €4,633 | €27,011 | +€22,378 | +483.0% |
| Recurring financial charges | 65 | €4,633 | €27,011 | +€22,378 | +483.0% |
| Profit (loss) for the period before taxes | 9903 | -€42,000 | -€53,782 | -€11,782 | -28.1% |
| Profit (loss) for the period | 9904 | -€42,000 | -€53,782 | -€11,782 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,000 | -€53,782 | -€11,782 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.