iRX: 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.
iRX
Largest movements
- Cash +€827,785
up €827,785 (+140.5%), from €589,202 to €1.4m
mainly Net result for the year (+€799,713) and Current investments (+€217,792)
- Current investments -€217,792
down €217,792 (-14.9%), from €1.5m to €1.2m
- Receivables after one year +€100,000
up €100,000 (+14.3%), from €700,000 to €800,000
- Reserves +€572,399
up €572,399 (+17.8%), from €3.2m to €3.8m
of which Distributable reserves: +€572,399
- Tax, wage and social debts +€61,269
up €61,269 (+46.2%), from €132,540 to €193,808
of which Taxes: +€63,241
- Trade debts +€54,071
up €54,071 (+12974.9%), from €417 to €54,488
- Taxes +€92,377
up €92,377 (+35.6%), from €259,275 to €351,652
- Financial income +€77,882
up €77,882 (+225.0%), from €34,619 to €112,501
- Gross operating margin +€46,370
up €46,370 (+4.6%), from €1.0m to €1.1m
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 | €3,377,132 | €4,052,221 | +€675,089 | +20.0% |
| Fixed assets | 21/28 | €14,382 | €10,787 | -€3,595 | -25.0% |
| Tangible fixed assets | 22/27 | €14,257 | €10,662 | -€3,595 | -25.2% |
| Plant, machinery and equipment | 23 | €13,318 | €9,941 | -€3,377 | -25.4% |
| Furniture and vehicles | 24 | €939 | €722 | -€217 | -23.1% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €3,362,750 | €4,041,433 | +€678,683 | +20.2% |
| Amounts receivable after more than one year | 29 | €700,000 | €800,000 | +€100,000 | +14.3% |
| Other amounts receivable | 291 | €700,000 | €800,000 | +€100,000 | +14.3% |
| Amounts receivable within one year | 40/41 | €613,067 | €576,399 | -€36,668 | -6.0% |
| Trade receivables | 40 | - | €54,934 | +€54,934 | |
| Other amounts receivable | 41 | €613,067 | €521,466 | -€91,602 | -14.9% |
| Current investments | 50/53 | €1,457,850 | €1,240,058 | -€217,792 | -14.9% |
| Cash at bank and in hand | 54/58 | €589,202 | €1,416,987 | +€827,785 | +140.5% |
| Deferred charges and accrued income | 490/1 | €2,631 | €7,989 | +€5,358 | +203.6% |
| Total equity and liabilities | 10/49 | €3,377,132 | €4,052,221 | +€675,089 | +20.0% |
| Equity | 10/15 | €3,231,340 | €3,803,739 | +€572,399 | +17.7% |
| Contributions | 10/11 | €18,660 | €18,660 | = | 0.0% |
| Reserves | 13 | €3,212,680 | €3,785,079 | +€572,399 | +17.8% |
| Tax-exempt reserves | 132 | €2,106 | €2,106 | = | 0.0% |
| Distributable reserves | 133 | €3,210,574 | €3,782,973 | +€572,399 | +17.8% |
| Amounts payable | 17/49 | €145,793 | €248,482 | +€102,689 | +70.4% |
| Amounts payable within one year | 42/48 | €145,793 | €248,482 | +€102,689 | +70.4% |
| Trade debts | 44 | €417 | €54,488 | +€54,071 | +12974.9% |
| Suppliers | 440/4 | €417 | €54,488 | +€54,071 | +12974.9% |
| Taxes, remuneration and social security | 45 | €132,540 | €193,808 | +€61,269 | +46.2% |
| Taxes | 450/3 | €122,268 | €185,508 | +€63,241 | +51.7% |
| Remuneration and social security | 454/9 | €10,272 | €8,300 | -€1,972 | -19.2% |
| Other amounts payable | 47/48 | €12,836 | €185 | -€12,651 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,363 | €4,893 | +€1,529 | +45.5% |
| Other operating charges | 640/8 | €2,411 | €10,793 | +€8,382 | +347.7% |
| Gross operating margin | 9900 | €1,006,957 | €1,053,327 | +€46,370 | +4.6% |
| Operating profit (loss) | 9901 | €1,001,183 | €1,037,641 | +€36,458 | +3.6% |
| Financial income | 75/76B | €34,619 | €112,501 | +€77,882 | +225.0% |
| Recurring financial income | 75 | €34,619 | €112,501 | +€77,882 | +225.0% |
| Financial charges | 65/66B | -€3,544 | -€1,223 | +€2,322 | +65.5% |
| Recurring financial charges | 65 | -€3,544 | -€1,223 | +€2,322 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €1,039,346 | €1,151,365 | +€112,019 | +10.8% |
| Income taxes | 67/77 | €259,275 | €351,652 | +€92,377 | +35.6% |
| Profit (loss) for the period | 9904 | €780,070 | €799,713 | +€19,643 | +2.5% |
| Transfer from tax-exempt reserves | 789 | €147,350 | - | -€147,350 | |
| Profit (loss) for the period to be appropriated | 9905 | €927,420 | €799,713 | -€127,707 | -13.8% |
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 7 October 2026 via checked.be.