IRSAM: 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.
IRSAM
Largest movements
- Tangible fixed assets -€2,102
down €2,102 (-51.3%), from €4,100 to €1,998
of which Furniture and vehicles: -€1,884
- Receivables within one year +€960
up €960 (+290%), from €331 to €1,291
- Cash -€696
down €696 (-60.7%), from €1,147 to €451
mainly Net result for the year (-€14,305) and Receivables within one year (-€960)
- Profit (loss) carried forward -€14,305
down €14,305 (-13.5%), from -€106,206 to -€120,511
- Tax, wage and social debts +€8,076
up €8,076 (+14.8%), from €54,418 to €62,495
of which Taxes: +€11,425
- Other debts +€2,348
up €2,348 (+5.3%), from €43,916 to €46,264
- Accrued charges and deferred income +€1,500
new in 2025: €1,500
- Trade debts +€542
new in 2025: €542
- Gross operating margin -€5,405
down €5,405 (-15.1%), from €35,903 to €30,498
- Staff costs +€867
up €867 (+2.3%), from €38,436 to €39,303
- Depreciation -€491
down €491 (-18.9%), from €2,593 to €2,102
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 | €10,728 | €8,890 | -€1,838 | -17.1% |
| Fixed assets | 21/28 | €9,250 | €7,148 | -€2,102 | -22.7% |
| Tangible fixed assets | 22/27 | €4,100 | €1,998 | -€2,102 | -51.3% |
| Plant, machinery and equipment | 23 | €302 | €83 | -€218 | -72.4% |
| Furniture and vehicles | 24 | €3,799 | €1,915 | -€1,884 | -49.6% |
| Financial fixed assets | 28 | €5,150 | €5,150 | = | 0.0% |
| Current assets | 29/58 | €1,478 | €1,742 | +€264 | +17.9% |
| Amounts receivable within one year | 40/41 | €331 | €1,291 | +€960 | +290% |
| Other amounts receivable | 41 | €331 | €1,291 | +€960 | +290% |
| Cash at bank and in hand | 54/58 | €1,147 | €451 | -€696 | -60.7% |
| Total equity and liabilities | 10/49 | €10,728 | €8,890 | -€1,838 | -17.1% |
| Equity | 10/15 | -€87,606 | -€101,911 | -€14,305 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€106,206 | -€120,511 | -€14,305 | -13.5% |
| Amounts payable | 17/49 | €98,334 | €110,801 | +€12,467 | +12.7% |
| Amounts payable within one year | 42/48 | €98,334 | €109,301 | +€10,967 | +11.2% |
| Trade debts | 44 | - | €542 | +€542 | |
| Suppliers | 440/4 | - | €542 | +€542 | |
| Taxes, remuneration and social security | 45 | €54,418 | €62,495 | +€8,076 | +14.8% |
| Taxes | 450/3 | €27,128 | €38,553 | +€11,425 | +42.1% |
| Remuneration and social security | 454/9 | €27,290 | €23,941 | -€3,349 | -12.3% |
| Other amounts payable | 47/48 | €43,916 | €46,264 | +€2,348 | +5.3% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Remuneration, social security and pensions | 62 | €38,436 | €39,303 | +€867 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,593 | €2,102 | -€491 | -18.9% |
| Other operating charges | 640/8 | €3,239 | €3,288 | +€49 | +1.5% |
| Gross operating margin | 9900 | €35,903 | €30,498 | -€5,405 | -15.1% |
| Operating profit (loss) | 9901 | -€8,367 | -€14,196 | -€5,830 | -69.7% |
| Financial charges | 65/66B | €87 | €109 | +€22 | +25.7% |
| Recurring financial charges | 65 | €87 | €109 | +€22 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,453 | -€14,305 | -€5,852 | -69.2% |
| Profit (loss) for the period | 9904 | -€8,453 | -€14,305 | -€5,852 | -69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,453 | -€14,305 | -€5,852 | -69.2% |
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 17 October 2026 via checked.be.