IRON AGE: 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.
IRON AGE
Largest movements
- Tangible fixed assets -€117,947
down €117,947 (-26.7%), from €441,133 to €323,186
- Receivables within one year -€29,402
down €29,402 (-68.1%), from €43,181 to €13,778
of which Trade receivables: -€27,528
- Cash -€21,826
down €21,826 (-43.7%), from €49,954 to €28,128
mainly Other debts (-€154,435) and Net result for the year (-€17,418)
- Stocks and contracts -€16,406
down €16,406 (-7.2%), from €228,327 to €211,921
- Other debts -€154,435
down €154,435 (-94.9%), from €162,704 to €8,269
- Profit (loss) carried forward -€17,418
down €17,418 (-67.1%), from -€25,940 to -€43,359
- Tax, wage and social debts -€11,389
down €11,389 (-46.9%), from €24,302 to €12,914
of which Taxes: -€11,806
- Financial income +€9,560
up €9,560 (+10,622,133%), from €0 to €9,560
of which Non-recurring financial income: +€9,560
- Gross operating margin +€3,882
up €3,882 (+4.0%), from €97,057 to €100,939
- Staff costs +€2,594
up €2,594 (+16.4%), from €15,798 to €18,392
- Depreciation +€1,355
up €1,355 (+1.5%), from €92,856 to €94,211
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 | €764,652 | €579,035 | -€185,617 | -24.3% |
| Fixed assets | 21/28 | €441,133 | €323,186 | -€117,947 | -26.7% |
| Tangible fixed assets | 22/27 | €441,133 | €323,186 | -€117,947 | -26.7% |
| Land and buildings | 22 | €279,216 | €242,846 | -€36,370 | -13.0% |
| Plant, machinery and equipment | 23 | €89,741 | €32,637 | -€57,104 | -63.6% |
| Furniture and vehicles | 24 | €72,176 | €47,703 | -€24,473 | -33.9% |
| Current assets | 29/58 | €323,519 | €255,849 | -€67,669 | -20.9% |
| Stocks and contracts in progress | 3 | €228,327 | €211,921 | -€16,406 | -7.2% |
| Stocks | 30/36 | €228,327 | €211,921 | -€16,406 | -7.2% |
| Amounts receivable within one year | 40/41 | €43,181 | €13,778 | -€29,402 | -68.1% |
| Trade receivables | 40 | €38,283 | €10,755 | -€27,528 | -71.9% |
| Other amounts receivable | 41 | €4,898 | €3,023 | -€1,874 | -38.3% |
| Cash at bank and in hand | 54/58 | €49,954 | €28,128 | -€21,826 | -43.7% |
| Deferred charges and accrued income | 490/1 | €2,058 | €2,022 | -€35 | -1.7% |
| Total equity and liabilities | 10/49 | €764,652 | €579,035 | -€185,617 | -24.3% |
| Equity | 10/15 | €227,190 | €209,772 | -€17,418 | -7.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €103,131 | €103,131 | = | 0.0% |
| Distributable reserves | 133 | €103,131 | €103,131 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,940 | -€43,359 | -€17,418 | -67.1% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €517,461 | €349,263 | -€168,199 | -32.5% |
| Amounts payable after more than one year | 17 | €325,000 | €325,000 | = | 0.0% |
| Other amounts payable | 178/9 | €325,000 | €325,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €192,461 | €24,263 | -€168,199 | -87.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €5,455 | €3,081 | -€2,375 | -43.5% |
| Suppliers | 440/4 | €5,455 | €3,081 | -€2,375 | -43.5% |
| Taxes, remuneration and social security | 45 | €24,302 | €12,914 | -€11,389 | -46.9% |
| Taxes | 450/3 | €23,479 | €11,672 | -€11,806 | -50.3% |
| Remuneration and social security | 454/9 | €824 | €1,241 | +€418 | +50.7% |
| Other amounts payable | 47/48 | €162,704 | €8,269 | -€154,435 | -94.9% |
| Remuneration, social security and pensions | 62 | €15,798 | €18,392 | +€2,594 | +16.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,856 | €94,211 | +€1,355 | +1.5% |
| Other operating charges | 640/8 | €11,489 | €12,339 | +€850 | +7.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €97,057 | €100,939 | +€3,882 | +4.0% |
| Operating profit (loss) | 9901 | -€23,086 | -€24,003 | -€917 | -4.0% |
| Financial income | 75/76B | €0 | €9,560 | +€9,560 | +10,622,133% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -88.9% |
| Non-recurring financial income | 76B | €0 | €9,560 | +€9,560 | |
| Financial charges | 65/66B | €2,013 | €1,784 | -€229 | -11.4% |
| Recurring financial charges | 65 | €2,013 | €1,784 | -€229 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,099 | -€16,227 | +€8,872 | +35.3% |
| Income taxes | 67/77 | €841 | €1,191 | +€350 | +41.6% |
| Profit (loss) for the period | 9904 | -€25,940 | -€17,418 | +€8,522 | +32.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,940 | -€17,418 | +€8,522 | +32.9% |
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 21 October 2026 via checked.be.