IDB invest: 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.
IDB invest
Largest movements
- Tangible fixed assets +€794,016
up €794,016 (+59.7%), from €1.3m to €2.1m
of which Land and buildings: +€672,586
- Reserves +€426,393
up €426,393 (+135%), from €316,382 to €742,775
of which Tax-exempt reserves: +€426,393
- Provisions +€142,131
new in 2025: €142,131
- Other debts +€77,639
up €77,639 (+37.1%), from €209,494 to €287,133
- Trade debts +€77,521
up €77,521 (+2,386%), from €3,249 to €80,771
- Debts after one year +€54,044
up €54,044 (+7.0%), from €773,615 to €827,659
- Financial income +€558,159
up €558,159 (+2,194%), from €25,439 to €583,598
of which Financial income: +€583,583
- Gross operating margin -€69,075
down €69,075 (-37.0%), from €186,907 to €117,832
- Depreciation +€42,429
up €42,429 (+83.7%), from €50,681 to €93,110
- Taxes -€38,295
down €38,295 (-99.1%), from €38,646 to €351
- Financial charges +€24,413
up €24,413 (+85.4%), from €28,599 to €53,012
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 | €1,984,106 | €2,755,476 | +€771,370 | +38.9% |
| Fixed assets | 21/28 | €1,820,169 | €2,614,185 | +€794,016 | +43.6% |
| Tangible fixed assets | 22/27 | €1,330,169 | €2,124,185 | +€794,016 | +59.7% |
| Land and buildings | 22 | €1,326,469 | €1,999,055 | +€672,586 | +50.7% |
| Plant, machinery and equipment | 23 | €1,788 | - | -€1,788 | |
| Furniture and vehicles | 24 | €1,912 | €125,130 | +€123,218 | +6,445% |
| Financial fixed assets | 28 | €490,000 | €490,000 | = | 0.0% |
| Current assets | 29/58 | €163,937 | €141,291 | -€22,647 | -13.8% |
| Amounts receivable within one year | 40/41 | €48,492 | €37,432 | -€11,060 | -22.8% |
| Trade receivables | 40 | €48,492 | €12,265 | -€36,227 | -74.7% |
| Other amounts receivable | 41 | - | €25,167 | +€25,167 | |
| Current investments | 50/53 | €103,407 | €103,407 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,976 | - | -€9,976 | |
| Deferred charges and accrued income | 490/1 | €2,062 | €452 | -€1,611 | -78.1% |
| Total equity and liabilities | 10/49 | €1,984,106 | €2,755,476 | +€771,370 | +38.9% |
| Equity | 10/15 | €825,000 | €1,224,155 | +€399,155 | +48.4% |
| Contributions | 10/11 | €272,400 | €272,400 | = | 0.0% |
| Reserves | 13 | €316,382 | €742,775 | +€426,393 | +135% |
| Tax-exempt reserves | 132 | - | €426,393 | +€426,393 | |
| Distributable reserves | 133 | €316,382 | €316,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | €236,219 | €208,980 | -€27,238 | -11.5% |
| Provisions and deferred taxes | 16 | - | €142,131 | +€142,131 | |
| Deferred taxes | 168 | - | €142,131 | +€142,131 | |
| Amounts payable | 17/49 | €1,159,106 | €1,389,190 | +€230,084 | +19.9% |
| Amounts payable after more than one year | 17 | €773,615 | €827,659 | +€54,044 | +7.0% |
| Financial debts | 170/4 | €773,615 | €827,659 | +€54,044 | +7.0% |
| Amounts payable within one year | 42/48 | €379,446 | €550,693 | +€171,247 | +45.1% |
| Current portion of amounts payable after more than one year | 42 | €131,611 | €142,223 | +€10,611 | +8.1% |
| Financial debts | 43 | €10,142 | €8,826 | -€1,316 | -13.0% |
| Credit institutions | 430/8 | €10,142 | €8,826 | -€1,316 | -13.0% |
| Trade debts | 44 | €3,249 | €80,771 | +€77,521 | +2,386% |
| Suppliers | 440/4 | €3,249 | €80,771 | +€77,521 | +2,386% |
| Taxes, remuneration and social security | 45 | €24,949 | €31,740 | +€6,791 | +27.2% |
| Taxes | 450/3 | €24,949 | €31,740 | +€6,791 | +27.2% |
| Other amounts payable | 47/48 | €209,494 | €287,133 | +€77,639 | +37.1% |
| Accrued charges and deferred income | 492/3 | €6,045 | €10,838 | +€4,793 | +79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,681 | €93,110 | +€42,429 | +83.7% |
| Other operating charges | 640/8 | €4,729 | €13,672 | +€8,943 | +189% |
| Gross operating margin | 9900 | €186,907 | €117,832 | -€69,075 | -37.0% |
| Operating profit (loss) | 9901 | €131,498 | €11,050 | -€120,447 | -91.6% |
| Financial income | 75/76B | €25,439 | €583,598 | +€558,159 | +2,194% |
| Recurring financial income | 75 | €15 | €583,598 | +€583,583 | +3,809,288% |
| Non-recurring financial income | 76B | €25,424 | €583,598 | +€558,174 | +2,195% |
| Financial charges | 65/66B | €28,599 | €53,012 | +€24,413 | +85.4% |
| Recurring financial charges | 65 | €28,599 | €53,012 | +€24,413 | +85.4% |
| Profit (loss) for the period before taxes | 9903 | €128,338 | €541,637 | +€413,299 | +322% |
| Transfer from deferred taxes | 780 | - | €3,769 | +€3,769 | |
| Transfer to deferred taxes | 680 | - | €145,900 | +€145,900 | |
| Income taxes | 67/77 | €38,646 | €351 | -€38,295 | -99.1% |
| Profit (loss) for the period | 9904 | €89,692 | €399,155 | +€309,463 | +345% |
| Transfer from tax-exempt reserves | 789 | - | €11,306 | +€11,306 | |
| Transfer to tax-exempt reserves | 689 | - | €437,699 | +€437,699 | |
| Profit (loss) for the period to be appropriated | 9905 | €89,692 | -€27,238 | -€116,931 |
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 31 October 2026 via checked.be.