IDA VELDEMAN: 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.
IDA VELDEMAN
Largest movements
- Cash -€5,088
down €5,088 (-71.5%), from €7,121 to €2,033
mainly Other debts (-€3,915) and Net result for the year (-€3,470)
- Tangible fixed assets -€2,304
down €2,304 (-26.7%), from €8,639 to €6,335
- Receivables within one year +€597
up €597 (+10.8%), from €5,553 to €6,150
of which Trade receivables: +€487
- Other debts -€3,915
down €3,915 (-29.5%), from €13,261 to €9,347
- Profit (loss) carried forward -€2,090
new in 2025: -€2,090
- Reserves -€1,380
no longer reported in 2025 (was €1,380)
- Tax, wage and social debts +€765
up €765 (+20.4%), from €3,746 to €4,511
- Gross operating margin -€6,450
down €6,450, from €5,583 to -€866
- Taxes -€914
down €914 (-85.3%), from €1,071 to €158
- Depreciation -€577
down €577 (-20.0%), from €2,881 to €2,304
- Financial income +€137
up €137 (+14,091%), from €1 to €138
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 | €21,313 | €14,518 | -€6,795 | -31.9% |
| Fixed assets | 21/28 | €8,639 | €6,335 | -€2,304 | -26.7% |
| Tangible fixed assets | 22/27 | €8,639 | €6,335 | -€2,304 | -26.7% |
| Plant, machinery and equipment | 23 | €8,639 | €6,335 | -€2,304 | -26.7% |
| Current assets | 29/58 | €12,673 | €8,183 | -€4,491 | -35.4% |
| Amounts receivable within one year | 40/41 | €5,553 | €6,150 | +€597 | +10.8% |
| Trade receivables | 40 | €5,542 | €6,029 | +€487 | +8.8% |
| Other amounts receivable | 41 | €11 | €121 | +€110 | +1,006% |
| Cash at bank and in hand | 54/58 | €7,121 | €2,033 | -€5,088 | -71.5% |
| Total equity and liabilities | 10/49 | €21,313 | €14,518 | -€6,795 | -31.9% |
| Equity | 10/15 | €3,880 | €410 | -€3,470 | -89.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €1,380 | - | -€1,380 | |
| Distributable reserves | 133 | €1,380 | - | -€1,380 | |
| Profit (loss) carried forward | 14 | - | -€2,090 | -€2,090 | |
| Amounts payable | 17/49 | €17,433 | €14,108 | -€3,325 | -19.1% |
| Amounts payable within one year | 42/48 | €17,433 | €14,108 | -€3,325 | -19.1% |
| Trade debts | 44 | €425 | €250 | -€175 | -41.2% |
| Suppliers | 440/4 | €425 | €250 | -€175 | -41.2% |
| Taxes, remuneration and social security | 45 | €3,746 | €4,511 | +€765 | +20.4% |
| Taxes | 450/3 | €3,746 | €4,511 | +€765 | +20.4% |
| Other amounts payable | 47/48 | €13,261 | €9,347 | -€3,915 | -29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,881 | €2,304 | -€577 | -20.0% |
| Other operating charges | 640/8 | €141 | €196 | +€55 | +38.8% |
| Gross operating margin | 9900 | €5,583 | -€866 | -€6,450 | |
| Operating profit (loss) | 9901 | €2,561 | -€3,366 | -€5,927 | |
| Financial income | 75/76B | €1 | €138 | +€137 | +14,091% |
| Recurring financial income | 75 | €1 | €138 | +€137 | +14,091% |
| Financial charges | 65/66B | €110 | €84 | -€26 | -23.7% |
| Recurring financial charges | 65 | €110 | €84 | -€26 | -23.7% |
| Profit (loss) for the period before taxes | 9903 | €2,452 | -€3,313 | -€5,764 | |
| Income taxes | 67/77 | €1,071 | €158 | -€914 | -85.3% |
| Profit (loss) for the period | 9904 | €1,380 | -€3,470 | -€4,851 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,380 | -€3,470 | -€4,851 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.