IDALIEBOURG: 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.
What changed
IDALIEBOURG
NACE 68.110, Buying and selling of own real estate
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€90,111
2024 · -€18,050-€72,062
Equity
€2.1m
2024 · €2.2m-€90,111
Cash
€43,336
2024 · €15,966+€27,370
Balance sheet total
€5.8m
2024 · €5.5m+€340,916
Largest movements
Assets
- Tangible fixed assets +€326,803
up €326,803 (+6.0%), from €5.4m to €5.8m
of which Land and buildings: +€326,803
Equity and liabilities
- Short-term financial debts +€224,557
new in 2025: €224,557
- Debts after one year +€186,318
up €186,318 (+7.2%), from €2.6m to €2.8m
of which Financial debts: +€124,603
Income statement
- Gross operating margin -€37,590
down €37,590 (-13.7%), from €273,699 to €236,109
- Other operating charges +€27,960
up €27,960 (+86.2%), from €32,435 to €60,395
- Depreciation +€8,907
up €8,907 (+4.7%), from €187,954 to €196,861
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.
Result 2024
-€18,050
Gross operating margin
-€37,590
Depreciation
-€8,907
Other operating charges
-€27,960
Financial income
+€0
Financial charges
+€2,454
Deferred taxes and other
-€59
Result 2025
-€90,111
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€136,724
Investment
-€523,665
Financing
+€414,311
Cash 2024
€15,966
From operations (derived)
+€136,724
Net result for the year
-€90,111
Depreciation
+€196,861
Receivables within one year
+€13,268
Deferred charges and accrued income
-€11
Provisions
-€13,956
Trade debts
+€30,673
Investment (derived)
-€523,665
Investment in fixed assets (net)
-€523,665
Financing
+€414,311
Debts after one year
+€186,318
Current portion of long-term debt
+€3,436
Short-term financial debts
+€224,557
Cash 2025
€43,336
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,475,951 | €5,816,867 | +€340,916 | +6.2% |
| Fixed assets | 21/28 | €5,446,121 | €5,772,924 | +€326,803 | +6.0% |
| Tangible fixed assets | 22/27 | €5,446,121 | €5,772,924 | +€326,803 | +6.0% |
| Land and buildings | 22 | €5,430,506 | €5,757,309 | +€326,803 | +6.0% |
| Other tangible fixed assets | 26 | €15,615 | €15,615 | = | 0.0% |
| Current assets | 29/58 | €29,830 | €43,943 | +€14,113 | +47.3% |
| Amounts receivable within one year | 40/41 | €13,268 | - | -€13,268 | |
| Trade receivables | 40 | €13,268 | - | -€13,268 | |
| Cash at bank and in hand | 54/58 | €15,966 | €43,336 | +€27,370 | +171% |
| Deferred charges and accrued income | 490/1 | €596 | €607 | +€11 | +1.8% |
| Total equity and liabilities | 10/49 | €5,475,951 | €5,816,867 | +€340,916 | +6.2% |
| Equity | 10/15 | €2,181,083 | €2,090,972 | -€90,111 | -4.1% |
| Contributions | 10/11 | €1,226,000 | €1,226,000 | = | 0.0% |
| Capital | 10 | €1,226,000 | €1,226,000 | = | 0.0% |
| Issued capital | 100 | €1,226,000 | €1,226,000 | = | 0.0% |
| Reserves | 13 | €1,168,946 | €1,127,077 | -€41,869 | -3.6% |
| Non-distributable reserves | 130/1 | €49,906 | €49,906 | = | 0.0% |
| Legal reserve | 130 | €49,906 | €49,906 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,119,040 | €1,077,171 | -€41,869 | -3.7% |
| Profit (loss) carried forward | 14 | -€213,863 | -€262,105 | -€48,243 | -22.6% |
| Provisions and deferred taxes | 16 | €370,501 | €356,545 | -€13,956 | -3.8% |
| Deferred taxes | 168 | €370,501 | €356,545 | -€13,956 | -3.8% |
| Amounts payable | 17/49 | €2,924,366 | €3,369,350 | +€444,984 | +15.2% |
| Amounts payable after more than one year | 17 | €2,594,782 | €2,781,100 | +€186,318 | +7.2% |
| Financial debts | 170/4 | €1,435,268 | €1,559,871 | +€124,603 | +8.7% |
| Other amounts payable | 178/9 | €1,159,515 | €1,221,229 | +€61,715 | +5.3% |
| Amounts payable within one year | 42/48 | €329,584 | €588,250 | +€258,666 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | €185,404 | €188,841 | +€3,436 | +1.9% |
| Financial debts | 43 | - | €224,557 | +€224,557 | |
| Credit institutions | 430/8 | - | €224,557 | +€224,557 | |
| Trade debts | 44 | €2,005 | €32,678 | +€30,673 | +1,530% |
| Suppliers | 440/4 | €2,005 | €32,678 | +€30,673 | +1,530% |
| Taxes, remuneration and social security | 45 | €142,175 | €142,175 | = | 0.0% |
| Taxes | 450/3 | €142,175 | €142,175 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €187,954 | €196,861 | +€8,907 | +4.7% |
| Other operating charges | 640/8 | €32,435 | €60,395 | +€27,960 | +86.2% |
| Gross operating margin | 9900 | €273,699 | €236,109 | -€37,590 | -13.7% |
| Operating profit (loss) | 9901 | €53,310 | -€21,148 | -€74,457 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €85,374 | €82,920 | -€2,454 | -2.9% |
| Recurring financial charges | 65 | €85,374 | €82,920 | -€2,454 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | -€32,065 | -€104,068 | -€72,003 | -225% |
| Transfer from deferred taxes | 780 | €14,015 | €13,956 | -€59 | -0.4% |
| Profit (loss) for the period | 9904 | -€18,050 | -€90,111 | -€72,062 | -399% |
| Transfer from tax-exempt reserves | 789 | €42,045 | €41,869 | -€176 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €23,995 | -€48,243 | -€72,237 |
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 26 October 2026 via checked.be.