IDEEFOX: what changed
Two fiscal 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.
IDEEFOX
Largest movements
- Receivables within one year +€435,507
up €435,507 (+137.2%), from €317,435 to €752,942
of which Trade receivables: +€459,517
- Cash -€379,274
down €379,274 (-83.0%), from €457,088 to €77,813
mainly Receivables within one year (-€435,507) and Trade debts (-€390,559)
- Deferred charges and accrued income +€91,833
up €91,833 (+43.1%), from €212,862 to €304,695
- Tangible fixed assets -€70,470
down €70,470 (-16.2%), from €435,174 to €364,704
- Advances received +€473,245
up €473,245 (+250.3%), from €189,053 to €662,299
- Trade debts -€390,559
down €390,559 (-59.4%), from €657,858 to €267,299
- Debts after one year -€109,690
down €109,690 (-28.9%), from €379,266 to €269,576
- Current portion of long-term debt +€103,476
up €103,476 (+172.5%), from €59,991 to €163,467
- Profit (loss) carried forward +€20,281
up €20,281 (+16.7%), from -€121,493 to -€101,211
- Gross operating margin +€36,555
up €36,555 (+12.7%), from €288,690 to €325,245
- Depreciation +€13,948
up €13,948 (+21.8%), from €63,990 to €77,938
- Staff costs +€13,249
up €13,249 (+7.0%), from €189,550 to €202,798
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.
Cash bridge derived
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 | €1,422,560 | €1,500,154 | +€77,595 | +5.5% |
| Fixed assets | 21/28 | €435,174 | €364,704 | -€70,470 | -16.2% |
| Tangible fixed assets | 22/27 | €435,174 | €364,704 | -€70,470 | -16.2% |
| Land and buildings | 22 | €142,385 | €123,331 | -€19,054 | -13.4% |
| Plant, machinery and equipment | 23 | €133,809 | €117,320 | -€16,489 | -12.3% |
| Furniture and vehicles | 24 | €158,981 | €124,054 | -€34,927 | -22.0% |
| Current assets | 29/58 | €987,385 | €1,135,450 | +€148,065 | +15.0% |
| Amounts receivable within one year | 40/41 | €317,435 | €752,942 | +€435,507 | +137.2% |
| Trade receivables | 40 | €259,691 | €719,208 | +€459,517 | +176.9% |
| Other amounts receivable | 41 | €57,744 | €33,734 | -€24,011 | -41.6% |
| Cash at bank and in hand | 54/58 | €457,088 | €77,813 | -€379,274 | -83.0% |
| Deferred charges and accrued income | 490/1 | €212,862 | €304,695 | +€91,833 | +43.1% |
| Total equity and liabilities | 10/49 | €1,422,560 | €1,500,154 | +€77,595 | +5.5% |
| Equity | 10/15 | -€21,293 | -€1,011 | +€20,281 | +95.2% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €37,200 | €37,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €30,900 | €30,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€121,493 | -€101,211 | +€20,281 | +16.7% |
| Amounts payable | 17/49 | €1,443,852 | €1,501,166 | +€57,313 | +4.0% |
| Amounts payable after more than one year | 17 | €379,266 | €269,576 | -€109,690 | -28.9% |
| Financial debts | 170/4 | €379,266 | €269,576 | -€109,690 | -28.9% |
| Amounts payable within one year | 42/48 | €1,064,586 | €1,231,590 | +€167,003 | +15.7% |
| Current portion of amounts payable after more than one year | 42 | €59,991 | €163,467 | +€103,476 | +172.5% |
| Trade debts | 44 | €657,858 | €267,299 | -€390,559 | -59.4% |
| Suppliers | 440/4 | €657,858 | €267,299 | -€390,559 | -59.4% |
| Advances received on contracts in progress | 46 | €189,053 | €662,299 | +€473,245 | +250.3% |
| Taxes, remuneration and social security | 45 | €33,642 | €28,534 | -€5,108 | -15.2% |
| Taxes | 450/3 | €3,682 | €5,640 | +€1,958 | +53.2% |
| Remuneration and social security | 454/9 | €29,960 | €22,893 | -€7,067 | -23.6% |
| Other amounts payable | 47/48 | €124,042 | €109,991 | -€14,051 | -11.3% |
| Non-recurring operating income | 76A | €2,611 | €6,436 | +€3,826 | +146.6% |
| Remuneration, social security and pensions | 62 | €189,550 | €202,798 | +€13,249 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,990 | €77,938 | +€13,948 | +21.8% |
| Other operating charges | 640/8 | €7,446 | €7,462 | +€15 | +0.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €288,690 | €325,245 | +€36,555 | +12.7% |
| Operating profit (loss) | 9901 | €27,705 | €37,048 | +€9,343 | +33.7% |
| Financial income | 75/76B | €71 | €101 | +€29 | +41.2% |
| Recurring financial income | 75 | €71 | €101 | +€29 | +41.2% |
| Financial charges | 65/66B | €14,689 | €14,859 | +€170 | +1.2% |
| Recurring financial charges | 65 | €14,689 | €14,859 | +€170 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €13,087 | €22,289 | +€9,202 | +70.3% |
| Income taxes | 67/77 | €4,352 | €2,008 | -€2,344 | -53.9% |
| Profit (loss) for the period | 9904 | €8,735 | €20,281 | +€11,546 | +132.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,735 | €20,281 | +€11,546 | +132.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.