IronStone: 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.
IronStone
Largest movements
- Tangible fixed assets +€138,959
up €138,959 (+20.2%), from €686,587 to €825,546
of which Land and buildings: +€142,271
- Current investments +€25,054
up €25,054 (+185.5%), from €13,503 to €38,557
- Financial fixed assets +€22,000
new in 2025: €22,000
- Cash -€12,684
down €12,684 (-51.3%), from €24,714 to €12,029
mainly Investment in fixed assets (net) (-€186,177) and Current investments (-€25,054)
- Debts after one year +€127,172
up €127,172 (+24.9%), from €511,250 to €638,421
- Reserves +€32,532
up €32,532 (+11.6%), from €279,934 to €312,466
- Trade debts +€20,875
up €20,875, from €0 to €20,875
- Tax, wage and social debts -€17,375
down €17,375 (-66.5%), from €26,128 to €8,753
- Other operating charges +€24,755
up €24,755 (+476.8%), from €5,192 to €29,946
- Gross operating margin -€24,648
down €24,648 (-17.3%), from €142,770 to €118,122
- Taxes -€17,122
down €17,122 (-64.8%), from €26,429 to €9,307
- Financial charges +€3,654
up €3,654 (+18.9%), from €19,295 to €22,949
- Financial income +€2,284
up €2,284 (+618.7%), from €369 to €2,653
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 | €844,965 | €1,019,862 | +€174,897 | +20.7% |
| Fixed assets | 21/28 | €686,587 | €847,546 | +€160,959 | +23.4% |
| Tangible fixed assets | 22/27 | €686,587 | €825,546 | +€138,959 | +20.2% |
| Land and buildings | 22 | €679,913 | €822,184 | +€142,271 | +20.9% |
| Plant, machinery and equipment | 23 | €4,723 | €2,061 | -€2,661 | -56.4% |
| Furniture and vehicles | 24 | €1,951 | €1,301 | -€650 | -33.3% |
| Financial fixed assets | 28 | - | €22,000 | +€22,000 | |
| Current assets | 29/58 | €158,378 | €172,315 | +€13,938 | +8.8% |
| Amounts receivable within one year | 40/41 | €108,037 | €116,380 | +€8,344 | +7.7% |
| Trade receivables | 40 | €37,010 | €33,456 | -€3,554 | -9.6% |
| Other amounts receivable | 41 | €71,027 | €82,925 | +€11,898 | +16.8% |
| Current investments | 50/53 | €13,503 | €38,557 | +€25,054 | +185.5% |
| Cash at bank and in hand | 54/58 | €24,714 | €12,029 | -€12,684 | -51.3% |
| Deferred charges and accrued income | 490/1 | €12,125 | €5,349 | -€6,776 | -55.9% |
| Total equity and liabilities | 10/49 | €844,965 | €1,019,862 | +€174,897 | +20.7% |
| Equity | 10/15 | €281,934 | €314,466 | +€32,532 | +11.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €279,934 | €312,466 | +€32,532 | +11.6% |
| Distributable reserves | 133 | €279,934 | €312,466 | +€32,532 | +11.6% |
| Amounts payable | 17/49 | €563,031 | €705,396 | +€142,365 | +25.3% |
| Amounts payable after more than one year | 17 | €511,250 | €638,421 | +€127,172 | +24.9% |
| Financial debts | 170/4 | €511,250 | €638,421 | +€127,172 | +24.9% |
| Amounts payable within one year | 42/48 | €51,781 | €66,974 | +€15,193 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €25,653 | €34,856 | +€9,203 | +35.9% |
| Financial debts | 43 | - | €241 | +€241 | |
| Credit institutions | 430/8 | - | €241 | +€241 | |
| Trade debts | 44 | €0 | €20,875 | +€20,875 | |
| Suppliers | 440/4 | €0 | €20,875 | +€20,875 | |
| Advances received on contracts in progress | 46 | - | €2,250 | +€2,250 | |
| Taxes, remuneration and social security | 45 | €26,128 | €8,753 | -€17,375 | -66.5% |
| Taxes | 450/3 | €26,128 | €8,753 | -€17,375 | -66.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,547 | €25,217 | +€671 | +2.7% |
| Other operating charges | 640/8 | €5,192 | €29,946 | +€24,755 | +476.8% |
| Non-recurring operating charges | 66A | - | €823 | +€823 | |
| Gross operating margin | 9900 | €142,770 | €118,122 | -€24,648 | -17.3% |
| Operating profit (loss) | 9901 | €113,032 | €62,135 | -€50,897 | -45.0% |
| Financial income | 75/76B | €369 | €2,653 | +€2,284 | +618.7% |
| Recurring financial income | 75 | €369 | €2,653 | +€2,284 | +618.7% |
| Financial charges | 65/66B | €19,295 | €22,949 | +€3,654 | +18.9% |
| Recurring financial charges | 65 | €19,295 | €22,949 | +€3,654 | +18.9% |
| Profit (loss) for the period before taxes | 9903 | €94,106 | €41,838 | -€52,267 | -55.5% |
| Income taxes | 67/77 | €26,429 | €9,307 | -€17,122 | -64.8% |
| Profit (loss) for the period | 9904 | €67,677 | €32,532 | -€35,145 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €67,677 | €32,532 | -€35,145 | -51.9% |
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 12 October 2026 via checked.be.