Quote Originally Posted by Joshas
UPDATE2 - Workaround:
I've imported IrrPascal VC Studio project to CodeBlocks and compiled with GCC, then just replaced Irrlicht.dll with GCC one and everything is working. Downside might be bigger size of GCC compiled dll files.
I compiled both Irrlicht.dll and IrrPascal.dll with Visual C++ Express and that seams to be the problem. GCC compiler is probably better choice because there is no dependecise to msvcxxxx.dll

File size can be reduced using upx