IDEAL VOLET: 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.
IDEAL VOLET
Largest movements
- Tangible fixed assets +€268,887
up €268,887 (+124%), from €216,704 to €485,591
of which Land and buildings: +€240,881
- Formation expenses -€68,413
no longer reported in 2025 (was €68,413)
- Stocks and contracts -€45,678
down €45,678 (-42.9%), from €106,378 to €60,699
- Receivables within one year +€38,874
up €38,874 (+183%), from €21,203 to €60,077
of which Trade receivables: +€38,390
- Short-term financial debts +€150,000
new in 2025: €150,000
- Advances received +€60,887
new in 2025: €60,887
- Debts after one year -€58,612
down €58,612 (-53.9%), from €108,821 to €50,209
- Current portion of long-term debt +€29,236
new in 2025: €29,236
- Tax, wage and social debts +€16,791
up €16,791 (+60.3%), from €27,847 to €44,638
of which Remuneration and social security: +€16,427
- Depreciation +€29,114
up €29,114 (+154%), from €18,923 to €48,037
- Staff costs +€27,457
up €27,457 (+6.6%), from €415,771 to €443,228
- Gross operating margin +€25,027
up €25,027 (+5.3%), from €470,996 to €496,023
- Other operating charges -€6,948
down €6,948 (-70.0%), from €9,921 to €2,973
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 | €670,794 | €873,617 | +€202,823 | +30.2% |
| Formation expenses | 20 | €68,413 | - | -€68,413 | |
| Fixed assets | 21/28 | €445,275 | €714,162 | +€268,887 | +60.4% |
| Intangible fixed assets | 21 | €228,000 | €228,000 | = | 0.0% |
| Tangible fixed assets | 22/27 | €216,704 | €485,591 | +€268,887 | +124% |
| Land and buildings | 22 | - | €240,881 | +€240,881 | |
| Plant, machinery and equipment | 23 | €99,908 | €87,168 | -€12,740 | -12.8% |
| Furniture and vehicles | 24 | €116,796 | €95,970 | -€20,826 | -17.8% |
| Other tangible fixed assets | 26 | - | €61,571 | +€61,571 | |
| Financial fixed assets | 28 | €571 | €571 | = | 0.0% |
| Current assets | 29/58 | €157,107 | €159,455 | +€2,349 | +1.5% |
| Stocks and contracts in progress | 3 | €106,378 | €60,699 | -€45,678 | -42.9% |
| Contracts in progress | 37 | €106,378 | €60,699 | -€45,678 | -42.9% |
| Amounts receivable within one year | 40/41 | €21,203 | €60,077 | +€38,874 | +183% |
| Trade receivables | 40 | €10,935 | €49,325 | +€38,390 | +351% |
| Other amounts receivable | 41 | €10,267 | €10,752 | +€484 | +4.7% |
| Cash at bank and in hand | 54/58 | €29,526 | €33,347 | +€3,821 | +12.9% |
| Deferred charges and accrued income | 490/1 | - | €5,332 | +€5,332 | |
| Total equity and liabilities | 10/49 | €670,794 | €873,617 | +€202,823 | +30.2% |
| Equity | 10/15 | €391,810 | €383,375 | -€8,434 | -2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Revaluation surpluses | 12 | €228,000 | €228,000 | = | 0.0% |
| Reserves | 13 | €94,712 | €94,712 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,022 | €58,022 | = | 0.0% |
| Distributable reserves | 133 | €36,690 | €36,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,498 | €42,063 | -€8,434 | -16.7% |
| Amounts payable | 17/49 | €278,984 | €490,242 | +€211,258 | +75.7% |
| Amounts payable after more than one year | 17 | €108,821 | €50,209 | -€58,612 | -53.9% |
| Financial debts | 170/4 | €108,821 | €50,209 | -€58,612 | -53.9% |
| Amounts payable within one year | 42/48 | €170,164 | €440,033 | +€269,870 | +159% |
| Current portion of amounts payable after more than one year | 42 | - | €29,236 | +€29,236 | |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €142,317 | €155,273 | +€12,956 | +9.1% |
| Suppliers | 440/4 | €142,317 | €155,273 | +€12,956 | +9.1% |
| Advances received on contracts in progress | 46 | - | €60,887 | +€60,887 | |
| Taxes, remuneration and social security | 45 | €27,847 | €44,638 | +€16,791 | +60.3% |
| Taxes | 450/3 | €27,847 | €28,211 | +€364 | +1.3% |
| Remuneration and social security | 454/9 | - | €16,427 | +€16,427 | |
| Remuneration, social security and pensions | 62 | €415,771 | €443,228 | +€27,457 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,923 | €48,037 | +€29,114 | +154% |
| Other operating charges | 640/8 | €9,921 | €2,973 | -€6,948 | -70.0% |
| Non-recurring operating charges | 66A | €2,404 | - | -€2,404 | |
| Gross operating margin | 9900 | €470,996 | €496,023 | +€25,027 | +5.3% |
| Operating profit (loss) | 9901 | €23,977 | €1,785 | -€22,192 | -92.6% |
| Financial income | 75/76B | €24 | €1,437 | +€1,413 | +5,806% |
| Recurring financial income | 75 | €24 | €15 | -€9 | -36.9% |
| Non-recurring financial income | 76B | - | €1,422 | +€1,422 | |
| Financial charges | 65/66B | €4,532 | €6,411 | +€1,878 | +41.4% |
| Recurring financial charges | 65 | €4,532 | €6,411 | +€1,878 | +41.4% |
| Profit (loss) for the period before taxes | 9903 | €19,469 | -€3,189 | -€22,657 | |
| Income taxes | 67/77 | €852 | €5,246 | +€4,394 | +516% |
| Profit (loss) for the period | 9904 | €18,617 | -€8,434 | -€27,052 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,617 | -€8,434 | -€27,052 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.