IRO ADVICE: what changed
Two financial 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 ADVICE
Largest movements
- Current investments +€24,000
up €24,000 (+54.5%), from €44,000 to €68,000
- Tangible fixed assets -€1,957
down €1,957 (-24.1%), from €8,129 to €6,173
of which Other tangible fixed assets: -€1,825
- Receivables within one year +€1,545
up €1,545 (+7.3%), from €21,060 to €22,605
of which Other amounts receivable: +€1,293
- Other debts +€23,315
up €23,315 (+144%), from €16,150 to €39,465
- Current portion of long-term debt +€3,365
new in 2025: €3,365
- Tax, wage and social debts -€3,339
down €3,339 (-36.2%), from €9,215 to €5,876
- Financial income +€3,954
up €3,954 (+28,655%), from €14 to €3,968
- Taxes +€3,695
up €3,695 (+64.3%), from €5,748 to €9,442
- Gross operating margin +€2,695
up €2,695 (+8.9%), from €30,122 to €32,817
- Depreciation -€1,479
down €1,479 (-32.1%), from €4,609 to €3,130
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.
Derived cash bridge
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 | €89,172 | €112,558 | +€23,386 | +26.2% |
| Fixed assets | 21/28 | €8,129 | €6,173 | -€1,957 | -24.1% |
| Tangible fixed assets | 22/27 | €8,129 | €6,173 | -€1,957 | -24.1% |
| Plant, machinery and equipment | 23 | €2,066 | €985 | -€1,081 | -52.3% |
| Furniture and vehicles | 24 | €178 | €1,128 | +€950 | +534% |
| Other tangible fixed assets | 26 | €5,885 | €4,060 | -€1,825 | -31.0% |
| Current assets | 29/58 | €81,043 | €106,385 | +€25,343 | +31.3% |
| Amounts receivable within one year | 40/41 | €21,060 | €22,605 | +€1,545 | +7.3% |
| Trade receivables | 40 | €12,352 | €12,604 | +€252 | +2.0% |
| Other amounts receivable | 41 | €8,708 | €10,001 | +€1,293 | +14.8% |
| Current investments | 50/53 | €44,000 | €68,000 | +€24,000 | +54.5% |
| Cash at bank and in hand | 54/58 | €15,945 | €15,781 | -€164 | -1.0% |
| Deferred charges and accrued income | 490/1 | €38 | €0 | -€38 | -100% |
| Total equity and liabilities | 10/49 | €89,172 | €112,558 | +€23,386 | +26.2% |
| Equity | 10/15 | €63,802 | €63,802 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €58,802 | €58,802 | = | 0.0% |
| Distributable reserves | 133 | €58,802 | €58,802 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,371 | €48,757 | +€23,386 | +92.2% |
| Amounts payable within one year | 42/48 | €25,371 | €48,757 | +€23,386 | +92.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,365 | +€3,365 | |
| Trade debts | 44 | €6 | €51 | +€45 | +744% |
| Suppliers | 440/4 | €6 | €51 | +€45 | +744% |
| Taxes, remuneration and social security | 45 | €9,215 | €5,876 | -€3,339 | -36.2% |
| Taxes | 450/3 | €9,215 | €5,876 | -€3,339 | -36.2% |
| Other amounts payable | 47/48 | €16,150 | €39,465 | +€23,315 | +144% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,609 | €3,130 | -€1,479 | -32.1% |
| Other operating charges | 640/8 | €466 | €185 | -€281 | -60.3% |
| Gross operating margin | 9900 | €30,122 | €32,817 | +€2,695 | +8.9% |
| Operating profit (loss) | 9901 | €25,047 | €29,502 | +€4,456 | +17.8% |
| Financial income | 75/76B | €14 | €3,968 | +€3,954 | +28,655% |
| Recurring financial income | 75 | €14 | €3,968 | +€3,954 | +28,655% |
| Financial charges | 65/66B | €243 | €235 | -€8 | -3.1% |
| Recurring financial charges | 65 | €243 | €235 | -€8 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €24,817 | €33,235 | +€8,418 | +33.9% |
| Income taxes | 67/77 | €5,748 | €9,442 | +€3,695 | +64.3% |
| Profit (loss) for the period | 9904 | €19,070 | €23,793 | +€4,723 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,070 | €23,793 | +€4,723 | +24.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.