IRPAULUS: 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.
IRPAULUS
Largest movements
- Cash +€32,808
up €32,808 (+6,360%), from €516 to €33,324
mainly Net result for the year (+€17,495) and Receivables within one year (+€15,954)
- Receivables within one year -€15,954
down €15,954 (-59.5%), from €26,802 to €10,848
of which Trade receivables: -€16,506
- Tangible fixed assets -€3,196
down €3,196 (-44.7%), from €7,152 to €3,956
- Reserves +€17,495
up €17,495 (+209%), from €8,377 to €25,872
- Tax, wage and social debts +€4,527
up €4,527 (+39.9%), from €11,344 to €15,871
- Current portion of long-term debt -€3,170
down €3,170 (-65.6%), from €4,831 to €1,661
- Other debts -€2,362
no longer reported in 2025 (was €2,362)
- Debts after one year -€1,661
no longer reported in 2025 (was €1,661)
- Gross operating margin +€12,576
up €12,576 (+75.2%), from €16,730 to €29,305
- Taxes +€3,785
up €3,785 (+96.4%), from €3,928 to €7,713
- Other operating charges -€840
down €840 (-61.4%), from €1,368 to €528
- Depreciation +€760
up €760 (+31.2%), from €2,437 to €3,196
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 | €34,939 | €48,616 | +€13,677 | +39.1% |
| Fixed assets | 21/28 | €7,152 | €3,956 | -€3,196 | -44.7% |
| Tangible fixed assets | 22/27 | €7,152 | €3,956 | -€3,196 | -44.7% |
| Furniture and vehicles | 24 | €7,152 | €3,956 | -€3,196 | -44.7% |
| Current assets | 29/58 | €27,787 | €44,660 | +€16,873 | +60.7% |
| Amounts receivable within one year | 40/41 | €26,802 | €10,848 | -€15,954 | -59.5% |
| Trade receivables | 40 | €26,802 | €10,295 | -€16,506 | -61.6% |
| Other amounts receivable | 41 | - | €553 | +€553 | |
| Cash at bank and in hand | 54/58 | €516 | €33,324 | +€32,808 | +6,360% |
| Deferred charges and accrued income | 490/1 | €470 | €488 | +€19 | +4.0% |
| Total equity and liabilities | 10/49 | €34,939 | €48,616 | +€13,677 | +39.1% |
| Equity | 10/15 | €13,377 | €30,872 | +€17,495 | +131% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,377 | €25,872 | +€17,495 | +209% |
| Distributable reserves | 133 | €8,377 | €25,872 | +€17,495 | +209% |
| Amounts payable | 17/49 | €21,563 | €17,744 | -€3,819 | -17.7% |
| Amounts payable after more than one year | 17 | €1,661 | - | -€1,661 | |
| Financial debts | 170/4 | €1,661 | - | -€1,661 | |
| Amounts payable within one year | 42/48 | €19,901 | €17,744 | -€2,157 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €4,831 | €1,661 | -€3,170 | -65.6% |
| Trade debts | 44 | €1,364 | €212 | -€1,152 | -84.5% |
| Suppliers | 440/4 | €1,364 | €212 | -€1,152 | -84.5% |
| Taxes, remuneration and social security | 45 | €11,344 | €15,871 | +€4,527 | +39.9% |
| Taxes | 450/3 | €11,344 | €15,871 | +€4,527 | +39.9% |
| Other amounts payable | 47/48 | €2,362 | - | -€2,362 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,437 | €3,196 | +€760 | +31.2% |
| Other operating charges | 640/8 | €1,368 | €528 | -€840 | -61.4% |
| Gross operating margin | 9900 | €16,730 | €29,305 | +€12,576 | +75.2% |
| Operating profit (loss) | 9901 | €12,925 | €25,581 | +€12,656 | +97.9% |
| Financial charges | 65/66B | €620 | €372 | -€248 | -40.0% |
| Recurring financial charges | 65 | €620 | €372 | -€248 | -40.0% |
| Profit (loss) for the period before taxes | 9903 | €12,305 | €25,209 | +€12,904 | +105% |
| Income taxes | 67/77 | €3,928 | €7,713 | +€3,785 | +96.4% |
| Profit (loss) for the period | 9904 | €8,377 | €17,495 | +€9,119 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €8,377 | €17,495 | +€9,119 | +109% |
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 19 October 2026 via checked.be.