IRIS: what changed
What changed
IRIS
NACE 68.202, Real estate activities
filed annual accounts (NBB)
Net result for the year
-€2,040
2024 · €15,022-€17,063
Equity
€1.3m
2024 · €1.2m+€33,834
Cash
€404,715
2024 · €287,217+€117,498
Balance sheet total
€2.1m
2024 · €2.1m+€34,568
Largest movements
Assets
- Cash +€117,498
up €117,498 (+40.9%), from €287,217 to €404,715
mainly Depreciation (+€121,288) and Debts within one year (+€40,450)
- Tangible fixed assets -€46,807
down €46,807 (-3.5%), from €1.3m to €1.3m
of which Land and buildings: -€78,413
- Receivables within one year -€28,057
down €28,057 (-14.2%), from €197,467 to €169,410
of which Other amounts receivable: -€44,350
Equity and liabilities
- Debts within one year +€40,450
up €40,450 (+17.5%), from €230,494 to €270,944
of which Tax, wage and social debts: +€25,910
- Investment grants +€35,875
up €35,875 (+81.8%), from €43,838 to €79,713
- Debts after one year -€34,671
down €34,671 (-10.6%), from €328,229 to €293,558
Income statement
- Staff costs +€111,359
up €111,359 (+18.6%), from €598,350 to €709,709
- Gross operating margin +€60,342
up €60,342 (+7.7%), from €782,235 to €842,577
- Depreciation -€12,454
down €12,454 (-9.3%), from €133,742 to €121,288
- Other operating charges -€9,059
down €9,059 (-50.6%), from €17,902 to €8,843
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€15,022
Gross operating margin
+€60,342
Staff costs
-€111,359
Depreciation
+€12,454
Other operating charges
+€9,059
Other operating items
+€5,077
Financial income
+€4,986
Financial charges
+€2,379
Result 2025
-€2,040
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€179,907
Investment
-€63,612
Financing
+€1,204
Cash 2024
€287,217
From operations (derived)
+€179,907
Net result for the year
-€2,040
Depreciation
+€121,288
Stocks and contracts
+€580
Receivables within one year
+€28,057
Deferred charges and accrued income
-€3,383
Debts within one year
+€40,450
Accrued charges and deferred income
-€5,045
Investment (derived)
-€63,612
Investment in fixed assets (net)
-€77,316
Current investments
+€13,704
Financing
+€1,204
Debts after one year
-€34,671
Contributions, distributions and other
+€35,875
Cash 2025
€404,715
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,082,644 | €2,117,212 | +€34,568 | +1.7% |
| Fixed assets | 21/28 | €1,377,918 | €1,333,946 | -€43,972 | -3.2% |
| Intangible fixed assets | 21 | - | €2,810 | +€2,810 | |
| Tangible fixed assets | 22/27 | €1,327,618 | €1,280,811 | -€46,807 | -3.5% |
| Land and buildings | 22 | €1,325,877 | €1,247,464 | -€78,413 | -5.9% |
| Furniture and vehicles | 24 | €1,741 | €395 | -€1,345 | -77.3% |
| Assets under construction and advance payments | 27 | - | €32,952 | +€32,952 | |
| Financial fixed assets | 28 | €50,300 | €50,325 | +€25 | 0.0% |
| Current assets | 29/58 | €704,726 | €783,266 | +€78,540 | +11.1% |
| Stocks and contracts in progress | 3 | €2,693 | €2,112 | -€580 | -21.6% |
| Stocks | 30/36 | €2,693 | €2,112 | -€580 | -21.6% |
| Amounts receivable within one year | 40/41 | €197,467 | €169,410 | -€28,057 | -14.2% |
| Trade receivables | 40 | €41,761 | €58,055 | +€16,294 | +39.0% |
| Other amounts receivable | 41 | €155,705 | €111,355 | -€44,350 | -28.5% |
| Current investments | 50/53 | €216,245 | €202,540 | -€13,704 | -6.3% |
| Cash at bank and in hand | 54/58 | €287,217 | €404,715 | +€117,498 | +40.9% |
| Deferred charges and accrued income | 490/1 | €1,105 | €4,488 | +€3,383 | +306% |
| Total equity and liabilities | 10/49 | €2,082,644 | €2,117,212 | +€34,568 | +1.7% |
| Equity | 10/15 | €1,243,553 | €1,277,387 | +€33,834 | +2.7% |
| Reserves | 13 | €377,817 | €377,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €821,898 | €819,857 | -€2,040 | -0.2% |
| Investment grants | 15 | €43,838 | €79,713 | +€35,875 | +81.8% |
| Provisions and deferred taxes | 16 | €275,323 | €275,323 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €275,323 | €275,323 | = | 0.0% |
| Other liabilities and charges | 164/5 | €275,323 | €275,323 | = | 0.0% |
| Amounts payable | 17/49 | €563,768 | €564,502 | +€734 | +0.1% |
| Amounts payable after more than one year | 17 | €328,229 | €293,558 | -€34,671 | -10.6% |
| Financial debts | 170/4 | €328,229 | €293,558 | -€34,671 | -10.6% |
| Amounts payable within one year | 42/48 | €230,494 | €270,944 | +€40,450 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €33,390 | €34,671 | +€1,281 | +3.8% |
| Trade debts | 44 | €41,831 | €45,758 | +€3,927 | +9.4% |
| Suppliers | 440/4 | €41,831 | €45,758 | +€3,927 | +9.4% |
| Advances received on contracts in progress | 46 | €7,675 | €619 | -€7,056 | -91.9% |
| Taxes, remuneration and social security | 45 | €59,027 | €84,937 | +€25,910 | +43.9% |
| Taxes | 450/3 | €1 | - | -€1 | |
| Remuneration and social security | 454/9 | €59,027 | €84,937 | +€25,911 | +43.9% |
| Accrued charges and deferred income | 492/3 | €5,045 | - | -€5,045 | |
| Non-recurring operating income | 76A | €4,719 | €679 | -€4,040 | -85.6% |
| Remuneration, social security and pensions | 62 | €598,350 | €709,709 | +€111,359 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €133,742 | €121,288 | -€12,454 | -9.3% |
| Other operating charges | 640/8 | €17,902 | €8,843 | -€9,059 | -50.6% |
| Non-recurring operating charges | 66A | €5,254 | €176 | -€5,077 | -96.6% |
| Gross operating margin | 9900 | €782,235 | €842,577 | +€60,342 | +7.7% |
| Operating profit (loss) | 9901 | €26,987 | €2,560 | -€24,428 | -90.5% |
| Financial income | 75/76B | €3,906 | €8,891 | +€4,986 | +128% |
| Recurring financial income | 75 | €3,906 | €6,866 | +€2,961 | +75.8% |
| Non-recurring financial income | 76B | - | €2,025 | +€2,025 | |
| Financial charges | 65/66B | €15,870 | €13,491 | -€2,379 | -15.0% |
| Recurring financial charges | 65 | €15,870 | €13,491 | -€2,379 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €15,022 | -€2,040 | -€17,063 | |
| Profit (loss) for the period | 9904 | €15,022 | -€2,040 | -€17,063 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,022 | -€2,040 | -€17,063 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.