IUREVIN: 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.
IUREVIN
Largest movements
- Stocks and contracts +€565,998
up €565,998 (+74.3%), from €761,362 to €1.3m
- Tangible fixed assets -€183,098
down €183,098 (-5.7%), from €3.2m to €3.0m
of which Land and buildings: -€184,965
- Receivables within one year +€176,873
up €176,873 (+353%), from €50,065 to €226,938
of which Trade receivables: +€165,024
- Cash -€72,992
down €72,992 (-57.4%), from €127,054 to €54,061
mainly Stocks and contracts (-€565,998) and Debts after one year (-€186,362)
- Short-term financial debts +€600,000
up €600,000 (+153%), from €392,020 to €992,020
- Debts after one year -€186,362
down €186,362 (-11.6%), from €1.6m to €1.4m
- Reserves +€98,962
up €98,962 (+24.7%), from €400,912 to €499,873
of which Distributable reserves: +€118,628
- Gross operating margin +€91,470
up €91,470 (+37.7%), from €242,620 to €334,090
- Other operating charges -€19,992
down €19,992 (-56.7%), from €35,266 to €15,274
- Write-downs +€5,423
up €5,423, from -€5,423 to €0
- Taxes +€4,054
new in 2025: €4,054
- Financial income +€3,910
up €3,910 (+56.7%), from €6,900 to €10,811
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 | €4,263,068 | €4,749,252 | +€486,185 | +11.4% |
| Fixed assets | 21/28 | €3,214,159 | €3,031,062 | -€183,098 | -5.7% |
| Tangible fixed assets | 22/27 | €3,214,159 | €3,031,062 | -€183,098 | -5.7% |
| Land and buildings | 22 | €3,212,593 | €3,027,628 | -€184,965 | -5.8% |
| Furniture and vehicles | 24 | €11 | €740 | +€729 | +6,767% |
| Leasing and similar rights | 25 | €1,556 | €1,493 | -€63 | -4.0% |
| Other tangible fixed assets | 26 | - | €1,200 | +€1,200 | |
| Current assets | 29/58 | €1,048,908 | €1,718,191 | +€669,282 | +63.8% |
| Stocks and contracts in progress | 3 | €761,362 | €1,327,359 | +€565,998 | +74.3% |
| Stocks | 30/36 | €761,362 | €1,327,359 | +€565,998 | +74.3% |
| Amounts receivable within one year | 40/41 | €50,065 | €226,938 | +€176,873 | +353% |
| Trade receivables | 40 | €46,069 | €211,092 | +€165,024 | +358% |
| Other amounts receivable | 41 | €3,997 | €15,846 | +€11,849 | +296% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €127,054 | €54,061 | -€72,992 | -57.4% |
| Deferred charges and accrued income | 490/1 | €10,428 | €9,832 | -€596 | -5.7% |
| Total equity and liabilities | 10/49 | €4,263,068 | €4,749,252 | +€486,185 | +11.4% |
| Equity | 10/15 | €959,658 | €1,052,706 | +€93,048 | +9.7% |
| Contributions | 10/11 | €444,500 | €444,500 | = | 0.0% |
| Revaluation surpluses | 12 | €58,928 | €58,928 | = | 0.0% |
| Reserves | 13 | €400,912 | €499,873 | +€98,962 | +24.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €235,732 | €216,065 | -€19,667 | -8.3% |
| Distributable reserves | 133 | €165,180 | €283,808 | +€118,628 | +71.8% |
| Investment grants | 15 | €55,319 | €49,405 | -€5,914 | -10.7% |
| Provisions and deferred taxes | 16 | €73,927 | €67,371 | -€6,556 | -8.9% |
| Deferred taxes | 168 | €73,927 | €67,371 | -€6,556 | -8.9% |
| Amounts payable | 17/49 | €3,229,483 | €3,629,175 | +€399,693 | +12.4% |
| Amounts payable after more than one year | 17 | €1,602,218 | €1,415,856 | -€186,362 | -11.6% |
| Financial debts | 170/4 | €1,602,218 | €1,415,856 | -€186,362 | -11.6% |
| Amounts payable within one year | 42/48 | €1,602,397 | €2,181,453 | +€579,055 | +36.1% |
| Current portion of amounts payable after more than one year | 42 | €187,379 | €190,539 | +€3,159 | +1.7% |
| Financial debts | 43 | €392,020 | €992,020 | +€600,000 | +153% |
| Credit institutions | 430/8 | €392,020 | €992,020 | +€600,000 | +153% |
| Trade debts | 44 | €236,464 | €251,086 | +€14,622 | +6.2% |
| Suppliers | 440/4 | €236,464 | €251,086 | +€14,622 | +6.2% |
| Taxes, remuneration and social security | 45 | €457 | €4,704 | +€4,248 | +930% |
| Taxes | 450/3 | €457 | €4,704 | +€4,248 | +930% |
| Other amounts payable | 47/48 | €786,077 | €743,103 | -€42,973 | -5.5% |
| Accrued charges and deferred income | 492/3 | €24,867 | €31,866 | +€6,999 | +28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,360 | €185,190 | +€830 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,423 | €0 | +€5,423 | |
| Other operating charges | 640/8 | €35,266 | €15,274 | -€19,992 | -56.7% |
| Gross operating margin | 9900 | €242,620 | €334,090 | +€91,470 | +37.7% |
| Operating profit (loss) | 9901 | €28,417 | €133,627 | +€105,210 | +370% |
| Financial income | 75/76B | €6,900 | €10,811 | +€3,910 | +56.7% |
| Recurring financial income | 75 | €6,900 | €10,811 | +€3,910 | +56.7% |
| Financial charges | 65/66B | €46,959 | €47,977 | +€1,018 | +2.2% |
| Recurring financial charges | 65 | €46,959 | €47,977 | +€1,018 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,642 | €96,460 | +€108,102 | |
| Transfer from deferred taxes | 780 | €6,556 | €6,556 | = | 0.0% |
| Income taxes | 67/77 | - | €4,054 | +€4,054 | |
| Profit (loss) for the period | 9904 | -€5,086 | €98,962 | +€104,048 | |
| Transfer from tax-exempt reserves | 789 | €19,667 | €19,667 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,580 | €118,628 | +€104,048 | +714% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.