IRTAZA: 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.
IRTAZA
Largest movements
- Tangible fixed assets -€5,231
down €5,231 (-31.5%), from €16,615 to €11,384
of which Furniture and vehicles: -€4,666
- Cash +€4,723
up €4,723 (+100%), from €4,721 to €9,444
mainly Depreciation (+€5,231) and Net result for the year (+€4,919)
- Receivables within one year -€1,429
down €1,429 (-89.8%), from €1,591 to €162
of which Trade receivables: -€1,544
- Profit (loss) carried forward +€4,919
up €4,919 (+93.4%), from -€5,269 to -€350
- Debts after one year -€4,685
down €4,685 (-41.2%), from €11,365 to €6,680
- Other debts -€4,273
down €4,273 (-62.3%), from €6,862 to €2,588
- Trade debts +€1,741
up €1,741 (+65.8%), from €2,646 to €4,387
- Current portion of long-term debt +€361
up €361 (+8.3%), from €4,324 to €4,685
- Gross operating margin +€4,866
up €4,866 (+51.8%), from €9,395 to €14,261
- Financial charges +€2,212
up €2,212 (+232%), from €951 to €3,163
- Other operating charges -€210
down €210 (-18.1%), from €1,158 to €948
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 | €22,927 | €20,990 | -€1,937 | -8.4% |
| Fixed assets | 21/28 | €16,615 | €11,384 | -€5,231 | -31.5% |
| Tangible fixed assets | 22/27 | €16,615 | €11,384 | -€5,231 | -31.5% |
| Plant, machinery and equipment | 23 | €983 | €418 | -€565 | -57.5% |
| Furniture and vehicles | 24 | €15,632 | €10,966 | -€4,666 | -29.9% |
| Current assets | 29/58 | €6,312 | €9,606 | +€3,294 | +52.2% |
| Amounts receivable within one year | 40/41 | €1,591 | €162 | -€1,429 | -89.8% |
| Trade receivables | 40 | €1,544 | - | -€1,544 | |
| Other amounts receivable | 41 | €47 | €162 | +€115 | +243% |
| Cash at bank and in hand | 54/58 | €4,721 | €9,444 | +€4,723 | +100% |
| Total equity and liabilities | 10/49 | €22,927 | €20,990 | -€1,937 | -8.4% |
| Equity | 10/15 | -€2,269 | €2,650 | +€4,919 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,269 | -€350 | +€4,919 | +93.4% |
| Amounts payable | 17/49 | €25,196 | €18,340 | -€6,856 | -27.2% |
| Amounts payable after more than one year | 17 | €11,365 | €6,680 | -€4,685 | -41.2% |
| Financial debts | 170/4 | €11,365 | €6,680 | -€4,685 | -41.2% |
| Amounts payable within one year | 42/48 | €13,831 | €11,660 | -€2,171 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €4,324 | €4,685 | +€361 | +8.3% |
| Trade debts | 44 | €2,646 | €4,387 | +€1,741 | +65.8% |
| Suppliers | 440/4 | €2,646 | €4,387 | +€1,741 | +65.8% |
| Other amounts payable | 47/48 | €6,862 | €2,588 | -€4,273 | -62.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,274 | €5,231 | -€43 | -0.8% |
| Other operating charges | 640/8 | €1,158 | €948 | -€210 | -18.1% |
| Gross operating margin | 9900 | €9,395 | €14,261 | +€4,866 | +51.8% |
| Operating profit (loss) | 9901 | €2,963 | €8,082 | +€5,119 | +173% |
| Financial income | 75/76B | €112 | - | -€112 | |
| Recurring financial income | 75 | €112 | - | -€112 | |
| Financial charges | 65/66B | €951 | €3,163 | +€2,212 | +232% |
| Recurring financial charges | 65 | €951 | €3,163 | +€2,212 | +232% |
| Profit (loss) for the period before taxes | 9903 | €2,123 | €4,919 | +€2,796 | +132% |
| Profit (loss) for the period | 9904 | €2,123 | €4,919 | +€2,796 | +132% |
| Profit (loss) for the period to be appropriated | 9905 | €2,123 | €4,919 | +€2,796 | +132% |
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 29 October 2026 via checked.be.