IUREFLEX: 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.
IUREFLEX
Largest movements
- Cash -€20,810
down €20,810 (-56.7%), from €36,686 to €15,876
mainly Contributions, distributions and other (-€28,880) and Tax, wage and social debts (-€1,731)
- Tangible fixed assets -€1,314
down €1,314 (-96.9%), from €1,356 to €43
- Receivables within one year +€678
up €678 (+28.1%), from €2,416 to €3,094
of which Other amounts receivable: +€1,018
- Reserves -€23,180
down €23,180 (-80.3%), from €28,880 to €5,700
- Other debts +€3,142
up €3,142 (+60.4%), from €5,201 to €8,343
- Tax, wage and social debts -€1,731
down €1,731 (-40.5%), from €4,277 to €2,546
of which Taxes: -€1,731
- Trade debts +€407
up €407 (+5917.3%), from €7 to €414
- Gross operating margin -€838
down €838 (-8.5%), from €9,818 to €8,980
- Depreciation -€656
down €656 (-33.3%), from €1,970 to €1,314
- Other operating charges +€400
new in 2025: €400
- Taxes -€103
down €103 (-6.5%), from €1,595 to €1,492
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 | €40,459 | €19,101 | -€21,357 | -52.8% |
| Fixed assets | 21/28 | €1,356 | €43 | -€1,314 | -96.9% |
| Tangible fixed assets | 22/27 | €1,356 | €43 | -€1,314 | -96.9% |
| Furniture and vehicles | 24 | €1,356 | €43 | -€1,314 | -96.9% |
| Current assets | 29/58 | €39,102 | €19,059 | -€20,044 | -51.3% |
| Amounts receivable within one year | 40/41 | €2,416 | €3,094 | +€678 | +28.1% |
| Trade receivables | 40 | €2,416 | €2,076 | -€340 | -14.1% |
| Other amounts receivable | 41 | - | €1,018 | +€1,018 | |
| Cash at bank and in hand | 54/58 | €36,686 | €15,876 | -€20,810 | -56.7% |
| Deferred charges and accrued income | 490/1 | - | €88 | +€88 | |
| Total equity and liabilities | 10/49 | €40,459 | €19,101 | -€21,357 | -52.8% |
| Equity | 10/15 | €30,974 | €7,799 | -€23,175 | -74.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,880 | €5,700 | -€23,180 | -80.3% |
| Distributable reserves | 133 | €28,880 | €5,700 | -€23,180 | -80.3% |
| Profit (loss) carried forward | 14 | €94 | €99 | +€5 | +5.0% |
| Amounts payable | 17/49 | €9,485 | €11,303 | +€1,818 | +19.2% |
| Amounts payable within one year | 42/48 | €9,485 | €11,303 | +€1,818 | +19.2% |
| Trade debts | 44 | €7 | €414 | +€407 | +5917.3% |
| Suppliers | 440/4 | €7 | €414 | +€407 | +5917.3% |
| Taxes, remuneration and social security | 45 | €4,277 | €2,546 | -€1,731 | -40.5% |
| Taxes | 450/3 | €3,177 | €1,446 | -€1,731 | -54.5% |
| Remuneration and social security | 454/9 | €1,100 | €1,100 | = | 0.0% |
| Other amounts payable | 47/48 | €5,201 | €8,343 | +€3,142 | +60.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,970 | €1,314 | -€656 | -33.3% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €9,818 | €8,980 | -€838 | -8.5% |
| Operating profit (loss) | 9901 | €7,848 | €7,267 | -€582 | -7.4% |
| Financial charges | 65/66B | €74 | €70 | -€3 | -4.2% |
| Recurring financial charges | 65 | €74 | €70 | -€3 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €7,775 | €7,196 | -€578 | -7.4% |
| Income taxes | 67/77 | €1,595 | €1,492 | -€103 | -6.5% |
| Profit (loss) for the period | 9904 | €6,180 | €5,705 | -€475 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,180 | €5,705 | -€475 | -7.7% |
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 8 October 2026 via checked.be.