IRZO: 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.
IRZO
Largest movements
- Tangible fixed assets -€14,013
down €14,013 (-42.6%), from €32,891 to €18,878
- Cash -€6,512
down €6,512 (-11.0%), from €59,395 to €52,883
mainly Debts after one year (-€35,026) and Contributions, distributions and other (-€25,000)
- Debts after one year -€35,026
down €35,026 (-38.5%), from €90,880 to €55,854
- Reserves +€35,000
up €35,000 (+26.9%), from €130,309 to €165,309
- Other debts -€18,745
down €18,745 (-36.6%), from €51,218 to €32,473
- Tax, wage and social debts -€11,936
down €11,936 (-60.0%), from €19,886 to €7,949
- Profit (loss) carried forward +€9,020
up €9,020 (+243%), from €3,705 to €12,725
- Taxes -€2,263
down €2,263 (-28.6%), from €7,914 to €5,651
- Financial charges -€598
down €598 (-21.1%), from €2,840 to €2,242
- Gross operating margin +€266
up €266 (+2.0%), from €12,971 to €13,237
- Other operating charges +€207
up €207 (+19.0%), from €1,086 to €1,293
- Depreciation +€145
up €145 (+1.0%), from €14,886 to €15,032
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 | €355,399 | €336,393 | -€19,006 | -5.3% |
| Fixed assets | 21/28 | €295,591 | €281,578 | -€14,013 | -4.7% |
| Tangible fixed assets | 22/27 | €32,891 | €18,878 | -€14,013 | -42.6% |
| Furniture and vehicles | 24 | €32,891 | €18,878 | -€14,013 | -42.6% |
| Financial fixed assets | 28 | €262,700 | €262,700 | = | 0.0% |
| Current assets | 29/58 | €59,808 | €54,815 | -€4,993 | -8.3% |
| Cash at bank and in hand | 54/58 | €59,395 | €52,883 | -€6,512 | -11.0% |
| Deferred charges and accrued income | 490/1 | €413 | €1,932 | +€1,519 | +367% |
| Total equity and liabilities | 10/49 | €355,399 | €336,393 | -€19,006 | -5.3% |
| Equity | 10/15 | €159,014 | €203,034 | +€44,020 | +27.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €130,309 | €165,309 | +€35,000 | +26.9% |
| Distributable reserves | 133 | €130,309 | €165,309 | +€35,000 | +26.9% |
| Profit (loss) carried forward | 14 | €3,705 | €12,725 | +€9,020 | +243% |
| Amounts payable | 17/49 | €196,385 | €133,359 | -€63,026 | -32.1% |
| Amounts payable after more than one year | 17 | €90,880 | €55,854 | -€35,026 | -38.5% |
| Financial debts | 170/4 | €90,880 | €55,854 | -€35,026 | -38.5% |
| Amounts payable within one year | 42/48 | €105,505 | €77,505 | -€28,000 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €34,380 | €35,026 | +€646 | +1.9% |
| Trade debts | 44 | €22 | €2,057 | +€2,035 | +9,230% |
| Suppliers | 440/4 | €22 | €2,057 | +€2,035 | +9,230% |
| Taxes, remuneration and social security | 45 | €19,886 | €7,949 | -€11,936 | -60.0% |
| Taxes | 450/3 | €19,886 | €7,949 | -€11,936 | -60.0% |
| Other amounts payable | 47/48 | €51,218 | €32,473 | -€18,745 | -36.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,886 | €15,032 | +€145 | +1.0% |
| Other operating charges | 640/8 | €1,086 | €1,293 | +€207 | +19.0% |
| Gross operating margin | 9900 | €12,971 | €13,237 | +€266 | +2.0% |
| Operating profit (loss) | 9901 | -€3,001 | -€3,088 | -€86 | -2.9% |
| Financial income | 75/76B | €80,000 | €80,000 | = | 0.0% |
| Recurring financial income | 75 | €80,000 | €80,000 | = | 0.0% |
| Financial charges | 65/66B | €2,840 | €2,242 | -€598 | -21.1% |
| Recurring financial charges | 65 | €2,840 | €2,242 | -€598 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €74,159 | €74,671 | +€512 | +0.7% |
| Income taxes | 67/77 | €7,914 | €5,651 | -€2,263 | -28.6% |
| Profit (loss) for the period | 9904 | €66,245 | €69,020 | +€2,775 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €66,245 | €69,020 | +€2,775 | +4.2% |
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 25 October 2026 via checked.be.