IRODEM: 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.
IRODEM
Largest movements
- Cash +€48,603
up €48,603 (+28.9%), from €168,042 to €216,645
mainly Net result for the year (+€42,391) and Receivables within one year (+€39,814)
- Receivables within one year -€39,814
down €39,814 (-70.8%), from €56,216 to €16,402
of which Other amounts receivable: -€39,939
- Reserves +€8,598
up €8,598 (+4.1%), from €211,540 to €220,138
- Tax, wage and social debts -€5,262
down €5,262 (-69.5%), from €7,576 to €2,314
- Other debts +€3,776
up €3,776 (+58.5%), from €6,455 to €10,231
- Short-term financial debts +€2,552
up €2,552 (+995.4%), from €256 to €2,809
- Gross operating margin +€11,463
up €11,463 (+23.4%), from €48,960 to €60,423
- Taxes +€2,940
up €2,940 (+22.2%), from €13,254 to €16,195
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 | €231,225 | €240,911 | +€9,687 | +4.2% |
| Fixed assets | 21/28 | €6,468 | €7,293 | +€826 | +12.8% |
| Tangible fixed assets | 22/27 | €6,468 | €7,293 | +€826 | +12.8% |
| Furniture and vehicles | 24 | €1,100 | €2,926 | +€1,826 | +165.9% |
| Other tangible fixed assets | 26 | €5,367 | €4,367 | -€1,000 | -18.6% |
| Current assets | 29/58 | €224,757 | €233,618 | +€8,861 | +3.9% |
| Amounts receivable within one year | 40/41 | €56,216 | €16,402 | -€39,814 | -70.8% |
| Trade receivables | 40 | €12,465 | €12,590 | +€125 | +1.0% |
| Other amounts receivable | 41 | €43,751 | €3,812 | -€39,939 | -91.3% |
| Cash at bank and in hand | 54/58 | €168,042 | €216,645 | +€48,603 | +28.9% |
| Deferred charges and accrued income | 490/1 | €500 | €571 | +€71 | +14.3% |
| Total equity and liabilities | 10/49 | €231,225 | €240,911 | +€9,687 | +4.2% |
| Equity | 10/15 | €216,540 | €225,138 | +€8,598 | +4.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €211,540 | €220,138 | +€8,598 | +4.1% |
| Distributable reserves | 133 | €211,540 | €220,138 | +€8,598 | +4.1% |
| Amounts payable | 17/49 | €14,684 | €15,773 | +€1,089 | +7.4% |
| Amounts payable within one year | 42/48 | €14,684 | €15,773 | +€1,089 | +7.4% |
| Financial debts | 43 | €256 | €2,809 | +€2,552 | +995.4% |
| Other loans | 439 | €256 | €2,809 | +€2,552 | +995.4% |
| Trade debts | 44 | €397 | €419 | +€22 | +5.5% |
| Suppliers | 440/4 | €397 | €419 | +€22 | +5.5% |
| Taxes, remuneration and social security | 45 | €7,576 | €2,314 | -€5,262 | -69.5% |
| Taxes | 450/3 | €7,576 | €2,314 | -€5,262 | -69.5% |
| Other amounts payable | 47/48 | €6,455 | €10,231 | +€3,776 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,330 | €1,366 | +€36 | +2.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €48,960 | €60,423 | +€11,463 | +23.4% |
| Operating profit (loss) | 9901 | €47,242 | €58,657 | +€11,415 | +24.2% |
| Financial charges | 65/66B | €58 | €72 | +€14 | +24.1% |
| Recurring financial charges | 65 | €58 | €72 | +€14 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €47,184 | €58,585 | +€11,401 | +24.2% |
| Income taxes | 67/77 | €13,254 | €16,195 | +€2,940 | +22.2% |
| Profit (loss) for the period | 9904 | €33,930 | €42,391 | +€8,461 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,930 | €42,391 | +€8,461 | +24.9% |
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 9 October 2026 via checked.be.