Iris Technical Services: what changed
What changed
Iris Technical Services
NACE 43.222, Installation of electric heating, air conditioning, cooling and ventilation
filed annual accounts (NBB)
Net result for the year
-€742,407
2024 · -€50,385-€692,022
Equity
-€651,787
2024 · €105,218-€757,005
Cash
€1,322
2024 · €26,973-€25,651
Balance sheet total
€3.7m
2024 · €1.8m+€1.8m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+169%), from €978,266 to €2.6m
of which Trade receivables: +€1.6m
- Intangible fixed assets +€106,040
new in 2025: €106,040
- Stocks and contracts +€94,196
up €94,196 (+48.1%), from €195,969 to €290,165
Equity and liabilities
- Other debts +€1.8m
up €1.8m (+257%), from €695,758 to €2.5m
- Profit (loss) carried forward -€742,403
down €742,403 (-58.3%), from -€1.3m to -€2.0m
- Trade debts +€459,301
up €459,301 (+169%), from €271,219 to €730,520
- Tax, wage and social debts +€387,603
up €387,603 (+222%), from €174,841 to €562,444
of which Remuneration and social security: +€361,521
- Debts after one year -€55,188
down €55,188 (-15.4%), from €358,784 to €303,597
Income statement
- Turnover -€2.4m
no longer reported in 2025 (was €2.4m)
- Staff costs +€2.0m
up €2.0m (+197%), from €1.0m to €3.1m
- Gross operating margin +€1.4m
up €1.4m (+124%), from €1.1m to €2.4m
- Purchases and services -€1.3m
no longer reported in 2025 (was €1.3m)
- Write-downs -€46,108
down €46,108, from €23,081 to -€23,028
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
-€50,385
Gross operating margin
+€1.4m
Staff costs
-€2.0m
Depreciation
-€17,362
Write-downs
+€46,108
Other operating charges
-€14,940
Financial income
-€3,771
Financial charges
-€29,440
Taxes
-€511
Result 2025
-€742,407
raises the resultlowers the result
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
+€253,087
Investment
-€209,768
Financing
-€68,970
Cash 2024
€26,973
From operations (derived)
+€253,087
Net result for the year
-€742,407
Depreciation
+€92,489
Stocks and contracts
-€94,196
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€8,956
Trade debts
+€459,301
Tax, wage and social debts
+€387,603
Other debts
+€1.8m
Accrued charges and deferred income
+€23,238
Investment (derived)
-€209,768
Investment in fixed assets (net)
-€209,768
Financing
-€68,970
Debts after one year
-€55,188
Current portion of long-term debt
+€815
Contributions, distributions and other
-€14,598
Cash 2025
€1,322
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,838,472 | €3,684,903 | +€1.8m | +100% |
| Fixed assets | 21/28 | €631,690 | €748,969 | +€117,279 | +18.6% |
| Intangible fixed assets | 21 | - | €106,040 | +€106,040 | |
| Tangible fixed assets | 22/27 | €631,690 | €642,929 | +€11,239 | +1.8% |
| Land and buildings | 22 | €550,757 | €503,715 | -€47,042 | -8.5% |
| Plant, machinery and equipment | 23 | €44,533 | €97,242 | +€52,710 | +118% |
| Furniture and vehicles | 24 | €29,910 | €31,333 | +€1,423 | +4.8% |
| Assets under construction and advance payments | 27 | €6,490 | €10,638 | +€4,148 | +63.9% |
| Current assets | 29/58 | €1,206,782 | €2,935,935 | +€1.7m | +143% |
| Stocks and contracts in progress | 3 | €195,969 | €290,165 | +€94,196 | +48.1% |
| Stocks | 30/36 | €195,969 | €290,165 | +€94,196 | +48.1% |
| Amounts receivable within one year | 40/41 | €978,266 | €2,629,918 | +€1.7m | +169% |
| Trade receivables | 40 | €936,890 | €2,546,820 | +€1.6m | +172% |
| Other amounts receivable | 41 | €41,376 | €83,098 | +€41,722 | +101% |
| Cash at bank and in hand | 54/58 | €26,973 | €1,322 | -€25,651 | -95.1% |
| Deferred charges and accrued income | 490/1 | €5,574 | €14,530 | +€8,956 | +161% |
| Total equity and liabilities | 10/49 | €1,838,472 | €3,684,903 | +€1.8m | +100% |
| Equity | 10/15 | €105,218 | -€651,787 | -€757,005 | |
| Contributions | 10/11 | €1,326,875 | €1,326,875 | = | 0.0% |
| Capital | 10 | €1,326,875 | €1,326,875 | = | 0.0% |
| Issued capital | 100 | €1,326,875 | €1,326,875 | = | 0.0% |
| Reserves | 13 | €7,688 | €7,688 | -€1 | 0.0% |
| Non-distributable reserves | 130/1 | €7,688 | €7,688 | -€1 | 0.0% |
| Legal reserve | 130 | €7,688 | €7,688 | -€1 | 0.0% |
| Profit (loss) carried forward | 14 | -€1,273,149 | -€2,015,552 | -€742,403 | -58.3% |
| Investment grants | 15 | €43,803 | €29,202 | -€14,601 | -33.3% |
| Amounts payable | 17/49 | €1,733,254 | €4,336,691 | +€2.6m | +150% |
| Amounts payable after more than one year | 17 | €358,784 | €303,597 | -€55,188 | -15.4% |
| Financial debts | 170/4 | €358,784 | €303,597 | -€55,188 | -15.4% |
| Amounts payable within one year | 42/48 | €1,196,190 | €3,831,576 | +€2.6m | +220% |
| Current portion of amounts payable after more than one year | 42 | €54,373 | €55,188 | +€815 | +1.5% |
| Trade debts | 44 | €271,219 | €730,520 | +€459,301 | +169% |
| Suppliers | 440/4 | €271,219 | €730,520 | +€459,301 | +169% |
| Taxes, remuneration and social security | 45 | €174,841 | €562,444 | +€387,603 | +222% |
| Taxes | 450/3 | €19,435 | €45,517 | +€26,082 | +134% |
| Remuneration and social security | 454/9 | €155,406 | €516,927 | +€361,521 | +233% |
| Other amounts payable | 47/48 | €695,758 | €2,483,424 | +€1.8m | +257% |
| Accrued charges and deferred income | 492/3 | €178,280 | €201,518 | +€23,238 | +13.0% |
| Turnover | 70 | €2,360,669 | - | -€2.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,336,621 | - | -€1.3m | |
| Remuneration, social security and pensions | 62 | €1,028,820 | €3,055,874 | +€2.0m | +197% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,128 | €92,489 | +€17,362 | +23.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €23,081 | -€23,028 | -€46,108 | |
| Other operating charges | 640/8 | €2,211 | €17,150 | +€14,940 | +676% |
| Gross operating margin | 9900 | €1,093,455 | €2,448,401 | +€1.4m | +124% |
| Operating profit (loss) | 9901 | -€35,784 | -€694,085 | -€658,300 | -1,840% |
| Financial income | 75/76B | €18,659 | €14,888 | -€3,771 | -20.2% |
| Recurring financial income | 75 | €18,659 | €14,888 | -€3,771 | -20.2% |
| Financial charges | 65/66B | €32,218 | €61,658 | +€29,440 | +91.4% |
| Recurring financial charges | 65 | €32,218 | €61,658 | +€29,440 | +91.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,343 | -€740,854 | -€691,511 | -1,401% |
| Income taxes | 67/77 | €1,042 | €1,553 | +€511 | +49.1% |
| Profit (loss) for the period | 9904 | -€50,385 | -€742,407 | -€692,022 | -1,373% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,385 | -€742,407 | -€692,022 | -1,373% |
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 2 November 2026 via checked.be.