IDELCO INSULATION: what changed
What changed
IDELCO INSULATION
NACE 23.430, Manufacture of other non-metallic mineral products
filed annual accounts (NBB)
Net result for the year
€7,622
2024 · €34,496-€26,874
Equity
€18.0m
2024 · €18.0m+€7,622
Cash
€1.6m
2024 · €1.1m+€556,470
Balance sheet total
€33.8m
2024 · €31.4m+€2.5m
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+8.3%), from €18.2m to €19.8m
of which Plant, machinery and equipment: +€1.5m
- Intangible fixed assets +€818,555
up €818,555 (+80.2%), from €1.0m to €1.8m
- Cash +€556,470
up €556,470 (+51.6%), from €1.1m to €1.6m
mainly Short-term financial debts (+€3.0m) and Depreciation (+€1.9m)
- Stocks and contracts -€480,364
down €480,364 (-7.2%), from €6.7m to €6.2m
Equity and liabilities
- Short-term financial debts +€3.0m
new in 2025: €3.0m
- Trade debts +€354,076
up €354,076 (+5.1%), from €7.0m to €7.3m
- Tax, wage and social debts -€343,508
down €343,508 (-34.9%), from €984,691 to €641,183
of which Taxes: -€579,608
Income statement
- Turnover +€9.7m
up €9.7m (+19.5%), from €50.0m to €59.7m
- Other operating income -€3.7m
down €3.7m (-89.1%), from €4.2m to €454,171
- Goods and materials +€2.4m
up €2.4m (+6.0%), from €40.6m to €43.0m
of which Purchases: +€5.6m
- Staff costs +€1.4m
up €1.4m (+37.1%), from €3.7m to €5.0m
- Services and other goods +€1.2m
up €1.2m (+13.6%), from €8.8m to €10.0m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€34,496
Turnover
+€9.7m
Other operating income
-€3.7m
Goods and materials
-€2.4m
Services and other goods
-€1.2m
Staff costs
-€1.4m
Depreciation
-€513,125
Write-downs
+€16,501
Provisions
-€33,400
Other operating charges
+€174,780
Other operating items
-€952,851
Financial income
-€1,111
Financial charges
+€222,188
Taxes
+€597
Result 2025
€7,622
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€2.0m
Investment
-€4.3m
Financing
+€2.8m
Cash 2024
€1.1m
From operations (derived)
+€2.0m
Net result for the year
+€7,622
Depreciation
+€1.9m
Stocks and contracts
+€480,364
Receivables within one year
+€29,278
Deferred charges and accrued income
-€90,428
Trade debts
+€354,076
Tax, wage and social debts
-€343,508
Accrued charges and deferred income
-€328,717
Investment (derived)
-€4.3m
Investment in fixed assets (net)
-€4.3m
Financing
+€2.8m
Debts after one year
-€226,130
Short-term financial debts
+€3.0m
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,384,222 | €33,847,566 | +€2.5m | +7.8% |
| Fixed assets | 21/28 | €19,282,884 | €21,608,972 | +€2.3m | +12.1% |
| Intangible fixed assets | 21 | €1,020,302 | €1,838,857 | +€818,555 | +80.2% |
| Tangible fixed assets | 22/27 | €18,243,070 | €19,750,603 | +€1.5m | +8.3% |
| Land and buildings | 22 | €8,820,865 | €8,957,065 | +€136,199 | +1.5% |
| Plant, machinery and equipment | 23 | €8,146,656 | €9,597,138 | +€1.5m | +17.8% |
| Furniture and vehicles | 24 | €1,275,548 | €1,196,400 | -€79,149 | -6.2% |
| Financial fixed assets | 28 | €19,512 | €19,512 | = | 0.0% |
| Other financial fixed assets | 284/8 | €19,512 | €19,512 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €19,512 | €19,512 | = | 0.0% |
| Current assets | 29/58 | €12,101,338 | €12,238,594 | +€137,256 | +1.1% |
| Stocks and contracts in progress | 3 | €6,686,160 | €6,205,796 | -€480,364 | -7.2% |
| Stocks | 30/36 | €6,686,160 | €6,205,796 | -€480,364 | -7.2% |
| Raw materials and consumables | 30/31 | €4,300,326 | €3,847,128 | -€453,198 | -10.5% |
| Finished goods | 33 | €2,001,120 | €1,568,618 | -€432,502 | -21.6% |
| Goods purchased for resale | 34 | €34,714 | €440,050 | +€405,336 | +1,168% |
| Property held for sale | 35 | €350,000 | €350,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,309,417 | €4,280,138 | -€29,278 | -0.7% |
| Trade receivables | 40 | €4,309,417 | €4,280,138 | -€29,278 | -0.7% |
| Cash at bank and in hand | 54/58 | €1,079,047 | €1,635,517 | +€556,470 | +51.6% |
| Deferred charges and accrued income | 490/1 | €26,715 | €117,143 | +€90,428 | +338% |
| Total equity and liabilities | 10/49 | €31,384,222 | €33,847,566 | +€2.5m | +7.8% |
| Equity | 10/15 | €18,019,041 | €18,026,662 | +€7,622 | 0.0% |
| Contributions | 10/11 | €15,840,891 | €15,840,891 | = | 0.0% |
| Capital | 10 | €15,840,890 | €15,840,890 | = | 0.0% |
| Issued capital | 100 | €15,840,890 | €15,840,890 | = | 0.0% |
| Contributions outside capital | 11 | €1 | €1 | = | 0.0% |
| Share premium | 1100/10 | €1 | €1 | = | 0.0% |
| Revaluation surpluses | 12 | €2,750,000 | €2,750,000 | = | 0.0% |
| Reserves | 13 | €1,127,453 | €1,127,453 | = | 0.0% |
| Non-distributable reserves | 130/1 | €784,090 | €784,090 | = | 0.0% |
| Legal reserve | 130 | €784,090 | €784,090 | = | 0.0% |
| Distributable reserves | 133 | €343,363 | €343,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,699,303 | -€1,691,681 | +€7,622 | +0.4% |
| Amounts payable | 17/49 | €13,365,182 | €15,820,903 | +€2.5m | +18.4% |
| Amounts payable after more than one year | 17 | €4,741,029 | €4,514,899 | -€226,130 | -4.8% |
| Financial debts | 170/4 | €4,741,029 | €4,514,899 | -€226,130 | -4.8% |
| Credit institutions | 173 | €2,109,375 | €1,771,875 | -€337,500 | -16.0% |
| Other loans | 174 | €2,631,654 | €2,743,024 | +€111,370 | +4.2% |
| Amounts payable within one year | 42/48 | €8,286,153 | €11,296,721 | +€3.0m | +36.3% |
| Current portion of amounts payable after more than one year | 42 | €337,500 | €337,500 | = | 0.0% |
| Financial debts | 43 | - | €3,000,000 | +€3.0m | |
| Credit institutions | 430/8 | - | €3,000,000 | +€3.0m | |
| Trade debts | 44 | €6,963,962 | €7,318,038 | +€354,076 | +5.1% |
| Suppliers | 440/4 | €6,963,962 | €7,318,038 | +€354,076 | +5.1% |
| Taxes, remuneration and social security | 45 | €984,691 | €641,183 | -€343,508 | -34.9% |
| Taxes | 450/3 | €660,362 | €80,754 | -€579,608 | -87.8% |
| Remuneration and social security | 454/9 | €324,329 | €560,429 | +€236,100 | +72.8% |
| Accrued charges and deferred income | 492/3 | €338,000 | €9,283 | -€328,717 | -97.3% |
| Operating income | 70/76A | €55,192,775 | €60,268,721 | +€5.1m | +9.2% |
| Turnover | 70 | €49,983,587 | €59,714,913 | +€9.7m | +19.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,042,121 | -€432,502 | -€1.5m | |
| Own construction capitalised | 72 | - | €531,940 | +€531,940 | |
| Other operating income | 74 | €4,156,700 | €454,171 | -€3.7m | -89.1% |
| Non-recurring operating income | 76A | €10,367 | €199 | -€10,168 | -98.1% |
| Operating charges | 60/66A | €54,698,117 | €60,022,610 | +€5.3m | +9.7% |
| Goods for resale, raw materials and consumables | 60 | €40,553,584 | €42,974,214 | +€2.4m | +6.0% |
| Purchases | 600/8 | €37,349,920 | €42,926,352 | +€5.6m | +14.9% |
| Change in stocks: decrease (increase) | 609 | €3,203,664 | €47,861 | -€3.2m | -98.5% |
| Services and other goods | 61 | €8,768,034 | €9,959,434 | +€1.2m | +13.6% |
| Remuneration, social security and pensions | 62 | €3,656,744 | €5,013,964 | +€1.4m | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,421,434 | €1,934,559 | +€513,125 | +36.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €27,231 | €10,730 | -€16,501 | -60.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€33,400 | - | +€33,400 | |
| Other operating charges | 640/8 | €304,490 | €129,710 | -€174,780 | -57.4% |
| Operating profit (loss) | 9901 | €494,658 | €246,111 | -€248,547 | -50.2% |
| Financial income | 75/76B | €6,335 | €5,224 | -€1,111 | -17.5% |
| Recurring financial income | 75 | €6,335 | €5,224 | -€1,111 | -17.5% |
| Other financial income | 752/9 | €6,335 | €5,224 | -€1,111 | -17.5% |
| Financial charges | 65/66B | €461,901 | €239,713 | -€222,188 | -48.1% |
| Recurring financial charges | 65 | €460,029 | €238,824 | -€221,205 | -48.1% |
| Debt charges | 650 | €451,330 | €227,511 | -€223,819 | -49.6% |
| Other financial charges | 652/9 | €8,699 | €11,313 | +€2,613 | +30.0% |
| Non-recurring financial charges | 66B | €1,871 | €889 | -€982 | -52.5% |
| Profit (loss) for the period before taxes | 9903 | €39,092 | €11,622 | -€27,470 | -70.3% |
| Income taxes | 67/77 | €4,597 | €4,000 | -€597 | -13.0% |
| Taxes | 670/3 | €4,597 | €4,000 | -€597 | -13.0% |
| Profit (loss) for the period | 9904 | €34,496 | €7,622 | -€26,874 | -77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €34,496 | €7,622 | -€26,874 | -77.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.