IRONTEC: what changed
Two fiscal 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.
What changed
IRONTEC
NACE 46.620, Wholesale of machine tools
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€403,985
2024 · €464,803-€60,818
Equity
€389,834
2024 · €385,849+€3,985
Cash
€258,632
2024 · €171,617+€87,014
Balance sheet total
€1.3m
2024 · €1.4m-€81,653
Largest movements
Assets
- Receivables within one year -€177,830
down €177,830 (-15.6%), from €1.1m to €962,181
of which Trade receivables: -€225,821
- Cash +€87,014
up €87,014 (+50.7%), from €171,617 to €258,632
mainly Net result for the year (+€403,985) and Receivables within one year (+€177,830)
- Stocks and contracts +€26,140
up €26,140 (+212.5%), from €12,299 to €38,440
Equity and liabilities
- Debts after one year -€56,741
down €56,741 (-47.7%), from €118,831 to €62,090
- Other debts -€50,000
down €50,000 (-11.1%), from €450,000 to €400,000
- Trade debts +€18,774
up €18,774 (+6.3%), from €296,020 to €314,794
Income statement
- Gross operating margin -€74,072
down €74,072 (-8.8%), from €844,411 to €770,339
- Staff costs -€10,456
down €10,456 (-3.1%), from €333,945 to €323,489
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.
Result 2024
€464,803
Gross operating margin
-€74,072
Staff costs
+€10,456
Depreciation
-€1
Write-downs
-€2,994
Other operating charges
+€8,058
Financial income
-€4,366
Financial charges
-€1,246
Taxes
+€3,348
Result 2025
€403,985
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.
From operations
+€543,187
Investment
+€25
Financing
-€456,198
Cash 2024
€171,617
From operations (derived)
+€543,187
Net result for the year
+€403,985
Depreciation
+€12,804
Stocks and contracts
-€26,140
Receivables within one year
+€177,830
Deferred charges and accrued income
+€4,149
Trade debts
+€18,774
Tax, wage and social debts
+€1,040
Other debts
-€50,000
Accrued charges and deferred income
+€746
Investment (derived)
+€25
Investment in fixed assets (net)
+€25
Financing
-€456,198
Debts after one year
-€56,741
Current portion of long-term debt
+€544
Contributions, distributions and other
-€400,000
Cash 2025
€258,632
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,385,632 | €1,303,979 | -€81,653 | -5.9% |
| Fixed assets | 21/28 | €52,341 | €39,512 | -€12,829 | -24.5% |
| Intangible fixed assets | 21 | €7,666 | €7,666 | = | 0.0% |
| Tangible fixed assets | 22/27 | €44,650 | €31,846 | -€12,804 | -28.7% |
| Furniture and vehicles | 24 | €43,548 | €31,111 | -€12,437 | -28.6% |
| Other tangible fixed assets | 26 | €1,102 | €735 | -€367 | -33.3% |
| Financial fixed assets | 28 | €25 | €0 | -€25 | -100.0% |
| Current assets | 29/58 | €1,333,292 | €1,264,467 | -€68,824 | -5.2% |
| Stocks and contracts in progress | 3 | €12,299 | €38,440 | +€26,140 | +212.5% |
| Stocks | 30/36 | €12,299 | €38,440 | +€26,140 | +212.5% |
| Amounts receivable within one year | 40/41 | €1,140,011 | €962,181 | -€177,830 | -15.6% |
| Trade receivables | 40 | €1,052,314 | €826,493 | -€225,821 | -21.5% |
| Other amounts receivable | 41 | €87,697 | €135,688 | +€47,991 | +54.7% |
| Cash at bank and in hand | 54/58 | €171,617 | €258,632 | +€87,014 | +50.7% |
| Deferred charges and accrued income | 490/1 | €9,364 | €5,215 | -€4,149 | -44.3% |
| Total equity and liabilities | 10/49 | €1,385,632 | €1,303,979 | -€81,653 | -5.9% |
| Equity | 10/15 | €385,849 | €389,834 | +€3,985 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €258,866 | €258,866 | = | 0.0% |
| Non-distributable reserves | 130/1 | €51,200 | €51,200 | = | 0.0% |
| Legal reserve | 130 | €51,200 | €51,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,666 | €7,666 | = | 0.0% |
| Distributable reserves | 133 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,983 | €68,968 | +€3,985 | +6.1% |
| Amounts payable | 17/49 | €999,783 | €914,145 | -€85,638 | -8.6% |
| Amounts payable after more than one year | 17 | €118,831 | €62,090 | -€56,741 | -47.7% |
| Financial debts | 170/4 | €118,831 | €62,090 | -€56,741 | -47.7% |
| Amounts payable within one year | 42/48 | €880,952 | €851,310 | -€29,643 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €56,198 | €56,741 | +€544 | +1.0% |
| Trade debts | 44 | €296,020 | €314,794 | +€18,774 | +6.3% |
| Suppliers | 440/4 | €296,020 | €314,794 | +€18,774 | +6.3% |
| Taxes, remuneration and social security | 45 | €78,734 | €79,774 | +€1,040 | +1.3% |
| Taxes | 450/3 | €33,112 | €44,858 | +€11,746 | +35.5% |
| Remuneration and social security | 454/9 | €45,622 | €34,916 | -€10,705 | -23.5% |
| Other amounts payable | 47/48 | €450,000 | €400,000 | -€50,000 | -11.1% |
| Accrued charges and deferred income | 492/3 | €0 | €746 | +€746 | |
| Remuneration, social security and pensions | 62 | €333,945 | €323,489 | -€10,456 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,803 | €12,804 | +€1 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,674 | -€680 | +€2,994 | +81.5% |
| Other operating charges | 640/8 | €9,834 | €1,776 | -€8,058 | -81.9% |
| Gross operating margin | 9900 | €844,411 | €770,339 | -€74,072 | -8.8% |
| Operating profit (loss) | 9901 | €491,503 | €432,950 | -€58,553 | -11.9% |
| Financial income | 75/76B | €23,563 | €19,196 | -€4,366 | -18.5% |
| Recurring financial income | 75 | €23,563 | €17,421 | -€6,142 | -26.1% |
| Non-recurring financial income | 76B | - | €1,776 | +€1,776 | |
| Financial charges | 65/66B | €6,579 | €7,825 | +€1,246 | +18.9% |
| Recurring financial charges | 65 | €6,579 | €6,896 | +€317 | +4.8% |
| Non-recurring financial charges | 66B | - | €929 | +€929 | |
| Profit (loss) for the period before taxes | 9903 | €508,487 | €444,321 | -€64,166 | -12.6% |
| Income taxes | 67/77 | €43,684 | €40,336 | -€3,348 | -7.7% |
| Profit (loss) for the period | 9904 | €464,803 | €403,985 | -€60,818 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €464,803 | €403,985 | -€60,818 | -13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.