IRMIN: 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.
IRMIN
Largest movements
- Receivables within one year +€88,178
up €88,178 (+154.9%), from €56,935 to €145,114
of which Trade receivables: +€99,661
- Cash -€41,708
down €41,708 (-47.9%), from €86,997 to €45,289
mainly Receivables within one year (-€88,178) and Investment in fixed assets (net) (-€9,688)
- Stocks and contracts -€32,641
down €32,641 (-100.0%), from €32,641 to €0
- Trade debts +€9,656
up €9,656 (+22.4%), from €43,070 to €52,726
- Short-term financial debts +€8,884
up €8,884, from €0 to €8,884
- Profit (loss) carried forward +€7,045
up €7,045 (+13.7%), from -€51,269 to -€44,224
- Debts after one year -€6,410
down €6,410 (-22.4%), from €28,552 to €22,142
- Current portion of long-term debt -€4,351
down €4,351 (-27.9%), from €15,616 to €11,265
- Gross operating margin +€10,902
up €10,902 (+20.6%), from €52,916 to €63,818
- Depreciation +€8,161
up €8,161 (+244.5%), from €3,338 to €11,499
- Staff costs +€2,283
up €2,283 (+5.7%), from €40,257 to €42,540
- Financial income +€1,245
up €1,245 (+64169.1%), from €2 to €1,247
- Other operating charges +€724
up €724 (+102.3%), from €708 to €1,432
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 | €218,917 | €231,082 | +€12,165 | +5.6% |
| Fixed assets | 21/28 | €40,490 | €38,680 | -€1,811 | -4.5% |
| Tangible fixed assets | 22/27 | €40,490 | €38,680 | -€1,811 | -4.5% |
| Furniture and vehicles | 24 | €40,490 | €38,680 | -€1,811 | -4.5% |
| Current assets | 29/58 | €178,426 | €192,402 | +€13,976 | +7.8% |
| Stocks and contracts in progress | 3 | €32,641 | €0 | -€32,641 | -100.0% |
| Contracts in progress | 37 | €32,641 | €0 | -€32,641 | -100.0% |
| Amounts receivable within one year | 40/41 | €56,935 | €145,114 | +€88,178 | +154.9% |
| Trade receivables | 40 | €20,585 | €120,246 | +€99,661 | +484.1% |
| Other amounts receivable | 41 | €36,350 | €24,868 | -€11,482 | -31.6% |
| Cash at bank and in hand | 54/58 | €86,997 | €45,289 | -€41,708 | -47.9% |
| Deferred charges and accrued income | 490/1 | €1,852 | €1,999 | +€147 | +7.9% |
| Total equity and liabilities | 10/49 | €218,917 | €231,082 | +€12,165 | +5.6% |
| Equity | 10/15 | €109,191 | €116,236 | +€7,045 | +6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €141,860 | €141,860 | = | 0.0% |
| Distributable reserves | 133 | €141,860 | €141,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,269 | -€44,224 | +€7,045 | +13.7% |
| Amounts payable | 17/49 | €109,726 | €114,846 | +€5,120 | +4.7% |
| Amounts payable after more than one year | 17 | €28,552 | €22,142 | -€6,410 | -22.4% |
| Financial debts | 170/4 | €28,552 | €22,142 | -€6,410 | -22.4% |
| Amounts payable within one year | 42/48 | €81,174 | €92,704 | +€11,530 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €15,616 | €11,265 | -€4,351 | -27.9% |
| Financial debts | 43 | €0 | €8,884 | +€8,884 | |
| Credit institutions | 430/8 | €0 | €8,884 | +€8,884 | |
| Trade debts | 44 | €43,070 | €52,726 | +€9,656 | +22.4% |
| Suppliers | 440/4 | €43,070 | €52,726 | +€9,656 | +22.4% |
| Taxes, remuneration and social security | 45 | €20,273 | €17,883 | -€2,389 | -11.8% |
| Taxes | 450/3 | €14,305 | €7,334 | -€6,971 | -48.7% |
| Remuneration and social security | 454/9 | €5,968 | €10,550 | +€4,582 | +76.8% |
| Other amounts payable | 47/48 | €2,215 | €1,945 | -€270 | -12.2% |
| Remuneration, social security and pensions | 62 | €40,257 | €42,540 | +€2,283 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,338 | €11,499 | +€8,161 | +244.5% |
| Other operating charges | 640/8 | €708 | €1,432 | +€724 | +102.3% |
| Gross operating margin | 9900 | €52,916 | €63,818 | +€10,902 | +20.6% |
| Operating profit (loss) | 9901 | €8,613 | €8,348 | -€266 | -3.1% |
| Financial income | 75/76B | €2 | €1,247 | +€1,245 | +64169.1% |
| Recurring financial income | 75 | €2 | €1,247 | +€1,245 | +64169.1% |
| Financial charges | 65/66B | €2,256 | €2,417 | +€161 | +7.1% |
| Recurring financial charges | 65 | €2,256 | €2,417 | +€161 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €6,359 | €7,177 | +€818 | +12.9% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.0% |
| Profit (loss) for the period | 9904 | €6,230 | €7,045 | +€814 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,230 | €7,045 | +€814 | +13.1% |
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 6 October 2026 via checked.be.