IRON-MANNE: 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-MANNE
Largest movements
- Financial fixed assets -€25,000
no longer reported in 2025 (was €25,000)
- Cash +€24,792
up €24,792 (+128%), from €19,431 to €44,223
mainly Investment in fixed assets (net) (+€21,927) and Tax, wage and social debts (+€8,109)
- Tangible fixed assets +€2,359
up €2,359 (+414%), from €570 to €2,929
of which Plant, machinery and equipment: +€2,718
- Deferred charges and accrued income +€1,697
up €1,697 (+19.2%), from €8,857 to €10,554
- Other debts -€8,500
no longer reported in 2025 (was €8,500)
- Tax, wage and social debts +€8,109
up €8,109 (+30.0%), from €27,006 to €35,115
of which Remuneration and social security: +€7,479
- Reserves +€1,905
up €1,905 (+15.7%), from €12,116 to €14,021
- Trade debts +€1,686
up €1,686 (+714%), from €236 to €1,922
- Accrued charges and deferred income +€648
new in 2025: €648
- Staff costs +€50,060
up €50,060 (+36.2%), from €138,339 to €188,399
- Gross operating margin +€48,059
up €48,059 (+32.3%), from €148,704 to €196,763
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 | €53,858 | €57,706 | +€3,848 | +7.1% |
| Fixed assets | 21/28 | €25,570 | €2,929 | -€22,641 | -88.5% |
| Tangible fixed assets | 22/27 | €570 | €2,929 | +€2,359 | +414% |
| Plant, machinery and equipment | 23 | - | €2,718 | +€2,718 | |
| Furniture and vehicles | 24 | €570 | €211 | -€359 | -63.0% |
| Financial fixed assets | 28 | €25,000 | - | -€25,000 | |
| Current assets | 29/58 | €28,288 | €54,777 | +€26,489 | +93.6% |
| Cash at bank and in hand | 54/58 | €19,431 | €44,223 | +€24,792 | +128% |
| Deferred charges and accrued income | 490/1 | €8,857 | €10,554 | +€1,697 | +19.2% |
| Total equity and liabilities | 10/49 | €53,858 | €57,706 | +€3,848 | +7.1% |
| Equity | 10/15 | €18,116 | €20,021 | +€1,905 | +10.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €12,116 | €14,021 | +€1,905 | +15.7% |
| Distributable reserves | 133 | €12,116 | €14,021 | +€1,905 | +15.7% |
| Amounts payable | 17/49 | €35,742 | €37,685 | +€1,943 | +5.4% |
| Amounts payable within one year | 42/48 | €35,742 | €37,037 | +€1,295 | +3.6% |
| Trade debts | 44 | €236 | €1,922 | +€1,686 | +714% |
| Suppliers | 440/4 | €236 | €1,922 | +€1,686 | +714% |
| Taxes, remuneration and social security | 45 | €27,006 | €35,115 | +€8,109 | +30.0% |
| Taxes | 450/3 | €6,855 | €7,485 | +€630 | +9.2% |
| Remuneration and social security | 454/9 | €20,151 | €27,630 | +€7,479 | +37.1% |
| Other amounts payable | 47/48 | €8,500 | - | -€8,500 | |
| Accrued charges and deferred income | 492/3 | - | €648 | +€648 | |
| Remuneration, social security and pensions | 62 | €138,339 | €188,399 | +€50,060 | +36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €576 | €714 | +€138 | +24.0% |
| Other operating charges | 640/8 | €483 | €1,144 | +€661 | +137% |
| Gross operating margin | 9900 | €148,704 | €196,763 | +€48,059 | +32.3% |
| Operating profit (loss) | 9901 | €9,306 | €6,506 | -€2,800 | -30.1% |
| Financial charges | 65/66B | €163 | €173 | +€10 | +6.1% |
| Recurring financial charges | 65 | €163 | €173 | +€10 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €9,143 | €6,333 | -€2,810 | -30.7% |
| Income taxes | 67/77 | €5,404 | €4,428 | -€976 | -18.1% |
| Profit (loss) for the period | 9904 | €3,739 | €1,905 | -€1,834 | -49.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,739 | €1,905 | -€1,834 | -49.1% |
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 28 October 2026 via checked.be.