IRND: what changed
What changed
IRND
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€44,664
2024 · €49,791-€5,127
Equity
€201,792
2024 · €157,128+€44,664
Cash
€77,269
2024 · €18,460+€58,809
Balance sheet total
€308,799
2024 · €288,297+€20,503
Largest movements
Assets
- Cash +€58,809
up €58,809 (+319%), from €18,460 to €77,269
mainly Net result for the year (+€44,664) and Receivables within one year (+€39,050)
- Receivables within one year -€39,050
down €39,050 (-62.5%), from €62,521 to €23,471
of which Trade receivables: -€33,142
Equity and liabilities
- Reserves +€44,664
up €44,664 (+29.4%), from €152,128 to €196,792
- Debts after one year -€30,531
down €30,531 (-50.7%), from €60,220 to €29,689
- Other debts +€6,962
up €6,962 (+136%), from €5,112 to €12,074
- Short-term financial debts -€6,381
down €6,381 (-72.3%), from €8,821 to €2,440
Income statement
- Gross operating margin -€4,735
down €4,735 (-5.6%), from €84,436 to €79,701
- Depreciation +€3,923
up €3,923 (+64.7%), from €6,065 to €9,989
- Taxes -€3,039
down €3,039 (-12.3%), from €24,665 to €21,626
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€49,791
Gross operating margin
-€4,735
Depreciation
-€3,923
Other operating charges
-€358
Other operating items
+€791
Financial income
+€51
Financial charges
+€8
Taxes
+€3,039
Result 2025
€44,664
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€107,557
Investment
-€12,433
Financing
-€36,315
Cash 2024
€18,460
From operations (derived)
+€107,557
Net result for the year
+€44,664
Depreciation
+€9,989
Receivables within one year
+€39,050
Deferred charges and accrued income
+€1,701
Trade debts
+€2,771
Tax, wage and social debts
+€1,875
Other debts
+€6,962
Accrued charges and deferred income
+€546
Investment (derived)
-€12,433
Investment in fixed assets (net)
-€12,433
Financing
-€36,315
Debts after one year
-€30,531
Current portion of long-term debt
+€597
Short-term financial debts
-€6,381
Cash 2025
€77,269
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €288,297 | €308,799 | +€20,503 | +7.1% |
| Formation expenses | 20 | €503 | €0 | -€503 | -100% |
| Fixed assets | 21/28 | €204,891 | €207,839 | +€2,948 | +1.4% |
| Tangible fixed assets | 22/27 | €44,891 | €47,839 | +€2,948 | +6.6% |
| Plant, machinery and equipment | 23 | €27,528 | €33,395 | +€5,867 | +21.3% |
| Furniture and vehicles | 24 | €17,363 | €14,444 | -€2,919 | -16.8% |
| Financial fixed assets | 28 | €160,000 | €160,000 | = | 0.0% |
| Current assets | 29/58 | €82,902 | €100,961 | +€18,059 | +21.8% |
| Amounts receivable within one year | 40/41 | €62,521 | €23,471 | -€39,050 | -62.5% |
| Trade receivables | 40 | €44,392 | €11,250 | -€33,142 | -74.7% |
| Other amounts receivable | 41 | €18,129 | €12,221 | -€5,908 | -32.6% |
| Cash at bank and in hand | 54/58 | €18,460 | €77,269 | +€58,809 | +319% |
| Deferred charges and accrued income | 490/1 | €1,921 | €221 | -€1,701 | -88.5% |
| Total equity and liabilities | 10/49 | €288,297 | €308,799 | +€20,503 | +7.1% |
| Equity | 10/15 | €157,128 | €201,792 | +€44,664 | +28.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €152,128 | €196,792 | +€44,664 | +29.4% |
| Distributable reserves | 133 | €152,128 | €196,792 | +€44,664 | +29.4% |
| Amounts payable | 17/49 | €131,169 | €107,007 | -€24,161 | -18.4% |
| Amounts payable after more than one year | 17 | €60,220 | €29,689 | -€30,531 | -50.7% |
| Financial debts | 170/4 | €60,220 | €29,689 | -€30,531 | -50.7% |
| Amounts payable within one year | 42/48 | €70,714 | €76,538 | +€5,824 | +8.2% |
| Current portion of amounts payable after more than one year | 42 | €24,934 | €25,531 | +€597 | +2.4% |
| Financial debts | 43 | €8,821 | €2,440 | -€6,381 | -72.3% |
| Credit institutions | 430/8 | €8,821 | €2,440 | -€6,381 | -72.3% |
| Trade debts | 44 | €8,497 | €11,267 | +€2,771 | +32.6% |
| Suppliers | 440/4 | €8,497 | €11,267 | +€2,771 | +32.6% |
| Taxes, remuneration and social security | 45 | €23,351 | €25,226 | +€1,875 | +8.0% |
| Taxes | 450/3 | €23,351 | €22,922 | -€429 | -1.8% |
| Remuneration and social security | 454/9 | €0 | €2,304 | +€2,304 | |
| Other amounts payable | 47/48 | €5,112 | €12,074 | +€6,962 | +136% |
| Accrued charges and deferred income | 492/3 | €234 | €780 | +€546 | +234% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,065 | €9,989 | +€3,923 | +64.7% |
| Other operating charges | 640/8 | €742 | €1,100 | +€358 | +48.2% |
| Non-recurring operating charges | 66A | €791 | €0 | -€791 | -100% |
| Gross operating margin | 9900 | €84,436 | €79,701 | -€4,735 | -5.6% |
| Operating profit (loss) | 9901 | €76,838 | €68,612 | -€8,225 | -10.7% |
| Financial income | 75/76B | €90 | €141 | +€51 | +56.7% |
| Recurring financial income | 75 | €90 | €141 | +€51 | +56.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,472 | €2,464 | -€8 | -0.3% |
| Recurring financial charges | 65 | €2,472 | €2,464 | -€8 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €74,456 | €66,290 | -€8,166 | -11.0% |
| Income taxes | 67/77 | €24,665 | €21,626 | -€3,039 | -12.3% |
| Profit (loss) for the period | 9904 | €49,791 | €44,664 | -€5,127 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49,791 | €44,664 | -€5,127 | -10.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.