IRR Multi Poly: 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.
IRR Multi Poly
Largest movements
- Tangible fixed assets -€78,397
down €78,397 (-3.4%), from €2.3m to €2.2m
- Receivables within one year +€28,438
up €28,438 (+41.8%), from €68,084 to €96,522
of which Other amounts receivable: +€26,972
- Profit (loss) carried forward -€223,623
down €223,623 (-24.6%), from -€907,964 to -€1.1m
- Debts after one year +€203,034
up €203,034 (+6.0%), from €3.4m to €3.6m
of which Financial debts: +€200,284
- Write-downs -€60,728
down €60,728, from €27,544 to -€33,185
- Other operating charges +€42,078
up €42,078 (+409.0%), from €10,288 to €52,366
- Turnover -€28,359
down €28,359 (-13.0%), from €217,815 to €189,456
- Gross operating margin -€26,119
down €26,119 (-27.3%), from €95,557 to €69,438
- Financial charges +€21,104
up €21,104 (+13.0%), from €162,223 to €183,327
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 | €2,686,001 | €2,657,476 | -€28,525 | -1.1% |
| Fixed assets | 21/28 | €2,600,860 | €2,522,463 | -€78,397 | -3.0% |
| Tangible fixed assets | 22/27 | €2,274,761 | €2,196,364 | -€78,397 | -3.4% |
| Land and buildings | 22 | €2,274,761 | €2,196,364 | -€78,397 | -3.4% |
| Financial fixed assets | 28 | €326,099 | €326,099 | = | 0.0% |
| Current assets | 29/58 | €85,141 | €135,013 | +€49,872 | +58.6% |
| Amounts receivable within one year | 40/41 | €68,084 | €96,522 | +€28,438 | +41.8% |
| Trade receivables | 40 | €25,084 | €26,551 | +€1,466 | +5.8% |
| Other amounts receivable | 41 | €42,999 | €69,971 | +€26,972 | +62.7% |
| Cash at bank and in hand | 54/58 | €15,187 | €16,794 | +€1,607 | +10.6% |
| Deferred charges and accrued income | 490/1 | €1,871 | €21,697 | +€19,827 | +1059.9% |
| Total equity and liabilities | 10/49 | €2,686,001 | €2,657,476 | -€28,525 | -1.1% |
| Equity | 10/15 | -€887,504 | -€1,111,127 | -€223,623 | -25.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€907,964 | -€1,131,587 | -€223,623 | -24.6% |
| Amounts payable | 17/49 | €3,573,505 | €3,768,603 | +€195,097 | +5.5% |
| Amounts payable after more than one year | 17 | €3,363,392 | €3,566,426 | +€203,034 | +6.0% |
| Financial debts | 170/4 | €3,363,392 | €3,563,676 | +€200,284 | +6.0% |
| Other amounts payable | 178/9 | - | €2,750 | +€2,750 | |
| Amounts payable within one year | 42/48 | €209,377 | €195,155 | -€14,222 | -6.8% |
| Current portion of amounts payable after more than one year | 42 | €141,571 | €144,357 | +€2,787 | +2.0% |
| Trade debts | 44 | €65,516 | €46,867 | -€18,649 | -28.5% |
| Suppliers | 440/4 | €65,516 | €46,867 | -€18,649 | -28.5% |
| Taxes, remuneration and social security | 45 | €2,291 | €3,931 | +€1,640 | +71.6% |
| Taxes | 450/3 | €2,291 | €3,931 | +€1,640 | +71.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €736 | €7,022 | +€6,285 | +853.6% |
| Turnover | 70 | €217,815 | €189,456 | -€28,359 | -13.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €122,258 | €120,018 | -€2,240 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,666 | €92,634 | +€1,968 | +2.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,544 | -€33,185 | -€60,728 | |
| Other operating charges | 640/8 | €10,288 | €52,366 | +€42,078 | +409.0% |
| Gross operating margin | 9900 | €95,557 | €69,438 | -€26,119 | -27.3% |
| Operating profit (loss) | 9901 | -€32,940 | -€42,377 | -€9,437 | -28.7% |
| Financial income | 75/76B | €918 | €2,082 | +€1,164 | +126.9% |
| Recurring financial income | 75 | €918 | €2,082 | +€1,164 | +126.9% |
| Financial charges | 65/66B | €162,223 | €183,327 | +€21,104 | +13.0% |
| Recurring financial charges | 65 | €162,223 | €183,327 | +€21,104 | +13.0% |
| Profit (loss) for the period before taxes | 9903 | -€194,245 | -€223,623 | -€29,377 | -15.1% |
| Profit (loss) for the period | 9904 | -€194,245 | -€223,623 | -€29,377 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€194,245 | -€223,623 | -€29,377 | -15.1% |
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 10 October 2026 via checked.be.