IDAX: 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.
IDAX
Largest movements
- Cash +€86,767
up €86,767 (+36.4%), from €238,587 to €325,355
mainly Net result for the year (+€56,513) and Current investments (+€50,000)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Receivables within one year -€15,621
down €15,621 (-69.4%), from €22,492 to €6,871
of which Trade receivables: -€19,481
- Reserves +€32,038
up €32,038 (+13.3%), from €241,212 to €273,250
- Tax, wage and social debts -€13,987
down €13,987 (-67.0%), from €20,862 to €6,875
- Other debts +€6,691
up €6,691 (+26.1%), from €25,637 to €32,328
- Trade debts -€4,295
down €4,295 (-75.1%), from €5,723 to €1,428
- Gross operating margin -€12,369
down €12,369 (-13.8%), from €89,511 to €77,141
- Taxes -€3,059
down €3,059 (-12.1%), from €25,358 to €22,299
- Financial income +€1,821
up €1,821 (+214%), from €850 to €2,671
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 | €312,034 | €332,481 | +€20,446 | +6.6% |
| Fixed assets | 21/28 | €625 | €170 | -€455 | -72.8% |
| Tangible fixed assets | 22/27 | €625 | €170 | -€455 | -72.8% |
| Furniture and vehicles | 24 | €625 | €170 | -€455 | -72.8% |
| Current assets | 29/58 | €311,409 | €332,311 | +€20,901 | +6.7% |
| Amounts receivable within one year | 40/41 | €22,492 | €6,871 | -€15,621 | -69.4% |
| Trade receivables | 40 | €19,554 | €73 | -€19,481 | -99.6% |
| Other amounts receivable | 41 | €2,939 | €6,799 | +€3,860 | +131% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €238,587 | €325,355 | +€86,767 | +36.4% |
| Deferred charges and accrued income | 490/1 | €330 | €85 | -€245 | -74.3% |
| Total equity and liabilities | 10/49 | €312,034 | €332,481 | +€20,446 | +6.6% |
| Equity | 10/15 | €259,812 | €291,850 | +€32,038 | +12.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,212 | €273,250 | +€32,038 | +13.3% |
| Distributable reserves | 133 | €241,212 | €273,250 | +€32,038 | +13.3% |
| Amounts payable | 17/49 | €52,222 | €40,631 | -€11,592 | -22.2% |
| Amounts payable within one year | 42/48 | €52,222 | €40,631 | -€11,592 | -22.2% |
| Trade debts | 44 | €5,723 | €1,428 | -€4,295 | -75.1% |
| Suppliers | 440/4 | €5,723 | €1,428 | -€4,295 | -75.1% |
| Taxes, remuneration and social security | 45 | €20,862 | €6,875 | -€13,987 | -67.0% |
| Taxes | 450/3 | €20,862 | €6,875 | -€13,987 | -67.0% |
| Other amounts payable | 47/48 | €25,637 | €32,328 | +€6,691 | +26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,115 | €455 | -€660 | -59.2% |
| Other operating charges | 640/8 | €484 | €457 | -€26 | -5.4% |
| Gross operating margin | 9900 | €89,511 | €77,141 | -€12,369 | -13.8% |
| Operating profit (loss) | 9901 | €87,912 | €76,229 | -€11,683 | -13.3% |
| Financial income | 75/76B | €850 | €2,671 | +€1,821 | +214% |
| Recurring financial income | 75 | €850 | €2,671 | +€1,821 | +214% |
| Financial charges | 65/66B | €436 | €89 | -€347 | -79.6% |
| Recurring financial charges | 65 | €436 | €89 | -€347 | -79.6% |
| Profit (loss) for the period before taxes | 9903 | €88,326 | €78,811 | -€9,515 | -10.8% |
| Income taxes | 67/77 | €25,358 | €22,299 | -€3,059 | -12.1% |
| Profit (loss) for the period | 9904 | €62,968 | €56,513 | -€6,456 | -10.3% |
| Transfer from tax-exempt reserves | 789 | €2,641 | - | -€2,641 | |
| Profit (loss) for the period to be appropriated | 9905 | €65,609 | €56,513 | -€9,097 | -13.9% |
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 23 October 2026 via checked.be.