IRO: 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.
IRO
Largest movements
- Cash +€70,820
up €70,820 (+85.8%), from €82,499 to €153,319
mainly Net result for the year (+€94,093) and Current portion of long-term debt (+€22,127)
- Tangible fixed assets +€64,669
up €64,669 (+1133.5%), from €5,705 to €70,374
- Stocks and contracts -€13,379
down €13,379 (-16.3%), from €81,974 to €68,595
- Receivables within one year +€4,140
up €4,140 (+19.0%), from €21,795 to €25,935
of which Trade receivables: +€3,980
- Profit (loss) carried forward +€94,093
up €94,093 (+70.3%), from €133,832 to €227,925
- Current portion of long-term debt +€22,127
new in 2024: €22,127
- Trade debts +€5,996
up €5,996 (+76.3%), from €7,862 to €13,857
- Gross operating margin +€60,754
up €60,754 (+71.1%), from €85,430 to €146,184
- Taxes +€32,028
up €32,028 (+370.2%), from €8,651 to €40,679
- Depreciation +€9,653
up €9,653 (+838.3%), from €1,152 to €10,805
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 | €191,973 | €318,416 | +€126,443 | +65.9% |
| Fixed assets | 21/28 | €5,705 | €70,374 | +€64,669 | +1133.5% |
| Tangible fixed assets | 22/27 | €5,705 | €70,374 | +€64,669 | +1133.5% |
| Furniture and vehicles | 24 | €5,705 | €70,374 | +€64,669 | +1133.5% |
| Current assets | 29/58 | €186,268 | €248,042 | +€61,774 | +33.2% |
| Stocks and contracts in progress | 3 | €81,974 | €68,595 | -€13,379 | -16.3% |
| Stocks | 30/36 | €81,974 | €68,595 | -€13,379 | -16.3% |
| Amounts receivable within one year | 40/41 | €21,795 | €25,935 | +€4,140 | +19.0% |
| Trade receivables | 40 | €21,795 | €25,775 | +€3,980 | +18.3% |
| Other amounts receivable | 41 | - | €161 | +€161 | |
| Cash at bank and in hand | 54/58 | €82,499 | €153,319 | +€70,820 | +85.8% |
| Deferred charges and accrued income | 490/1 | - | €192 | +€192 | |
| Total equity and liabilities | 10/49 | €191,973 | €318,416 | +€126,443 | +65.9% |
| Equity | 10/15 | €177,832 | €271,925 | +€94,093 | +52.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Capital | 10 | €40,000 | €40,000 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €4,000 | €4,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Legal reserve | 130 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €133,832 | €227,925 | +€94,093 | +70.3% |
| Amounts payable | 17/49 | €14,141 | €46,491 | +€32,350 | +228.8% |
| Amounts payable within one year | 42/48 | €14,141 | €46,415 | +€32,274 | +228.2% |
| Current portion of amounts payable after more than one year | 42 | - | €22,127 | +€22,127 | |
| Trade debts | 44 | €7,862 | €13,857 | +€5,996 | +76.3% |
| Suppliers | 440/4 | €7,862 | €13,857 | +€5,996 | +76.3% |
| Taxes, remuneration and social security | 45 | €5,296 | €6,895 | +€1,599 | +30.2% |
| Taxes | 450/3 | €2,626 | €2,500 | -€126 | -4.8% |
| Remuneration and social security | 454/9 | €2,671 | €4,395 | +€1,724 | +64.6% |
| Other amounts payable | 47/48 | €983 | €3,537 | +€2,553 | +259.7% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,152 | €10,805 | +€9,653 | +838.3% |
| Other operating charges | 640/8 | - | €312 | +€312 | |
| Gross operating margin | 9900 | €85,430 | €146,184 | +€60,754 | +71.1% |
| Operating profit (loss) | 9901 | €84,279 | €135,067 | +€50,789 | +60.3% |
| Financial charges | 65/66B | €334 | €295 | -€39 | -11.6% |
| Recurring financial charges | 65 | €334 | €295 | -€39 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €83,945 | €134,772 | +€50,827 | +60.5% |
| Income taxes | 67/77 | €8,651 | €40,679 | +€32,028 | +370.2% |
| Profit (loss) for the period | 9904 | €75,294 | €94,093 | +€18,799 | +25.0% |
| Profit (loss) for the period to be appropriated | 9905 | €75,294 | €94,093 | +€18,799 | +25.0% |
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 29 September 2026 via checked.be.