IDEM: 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.
IDEM
Largest movements
- Receivables within one year +€236,171
up €236,171 (+56.6%), from €417,614 to €653,784
of which Other amounts receivable: +€127,144
- Tangible fixed assets -€151,938
down €151,938 (-6.1%), from €2.5m to €2.3m
of which Land and buildings: -€91,541
- Cash -€146,234
down €146,234 (-63.1%), from €231,820 to €85,586
mainly Short-term financial debts (-€275,000) and Receivables within one year (-€236,171)
- Stocks and contracts +€129,222
up €129,222 (+14.2%), from €910,443 to €1.0m
of which Contracts in progress: +€249,402
- Profit (loss) carried forward +€348,190
up €348,190 (+9.4%), from -€3.7m to -€3.4m
- Short-term financial debts -€275,000
down €275,000 (-100.0%), from €275,000 to €0
- Trade debts +€250,937
up €250,937 (+62.4%), from €402,347 to €653,284
- Debts after one year -€186,568
down €186,568 (-14.1%), from €1.3m to €1.1m
- Advances received +€151,009
up €151,009 (+47.5%), from €317,739 to €468,748
- Staff costs -€233,662
down €233,662 (-13.4%), from €1.7m to €1.5m
- Gross operating margin -€169,647
down €169,647 (-7.2%), from €2.3m to €2.2m
- Taxes +€93,280
up €93,280 (+4371.0%), from €2,134 to €95,414
- Financial income +€53,311
up €53,311 (+106.7%), from €49,954 to €103,265
of which Financial income: +€42,986
- Financial charges -€30,826
down €30,826 (-22.3%), from €138,359 to €107,533
of which Financial charges: -€30,826
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 | €4,403,729 | €4,476,345 | +€72,616 | +1.6% |
| Fixed assets | 21/28 | €2,835,098 | €2,688,430 | -€146,668 | -5.2% |
| Intangible fixed assets | 21 | €22,974 | €16,731 | -€6,244 | -27.2% |
| Tangible fixed assets | 22/27 | €2,476,282 | €2,324,343 | -€151,938 | -6.1% |
| Land and buildings | 22 | €2,274,840 | €2,183,299 | -€91,541 | -4.0% |
| Plant, machinery and equipment | 23 | €95,866 | €61,506 | -€34,360 | -35.8% |
| Furniture and vehicles | 24 | €93,563 | €77,742 | -€15,822 | -16.9% |
| Leasing and similar rights | 25 | €10,216 | €0 | -€10,216 | -100.0% |
| Other tangible fixed assets | 26 | €1,796 | €1,796 | = | 0.0% |
| Financial fixed assets | 28 | €335,842 | €347,356 | +€11,515 | +3.4% |
| Current assets | 29/58 | €1,568,631 | €1,787,915 | +€219,284 | +14.0% |
| Stocks and contracts in progress | 3 | €910,443 | €1,039,665 | +€129,222 | +14.2% |
| Stocks | 30/36 | €622,562 | €502,382 | -€120,180 | -19.3% |
| Contracts in progress | 37 | €287,881 | €537,283 | +€249,402 | +86.6% |
| Amounts receivable within one year | 40/41 | €417,614 | €653,784 | +€236,171 | +56.6% |
| Trade receivables | 40 | €279,664 | €388,691 | +€109,026 | +39.0% |
| Other amounts receivable | 41 | €137,949 | €265,094 | +€127,144 | +92.2% |
| Cash at bank and in hand | 54/58 | €231,820 | €85,586 | -€146,234 | -63.1% |
| Deferred charges and accrued income | 490/1 | €8,755 | €8,879 | +€125 | +1.4% |
| Total equity and liabilities | 10/49 | €4,403,729 | €4,476,345 | +€72,616 | +1.6% |
| Equity | 10/15 | €1,002,849 | €1,351,039 | +€348,190 | +34.7% |
| Contributions | 10/11 | €3,200,000 | €3,200,000 | = | 0.0% |
| Capital | 10 | €3,200,000 | €3,200,000 | = | 0.0% |
| Issued capital | 100 | €3,200,000 | €3,200,000 | = | 0.0% |
| Revaluation surpluses | 12 | €1,361,862 | €1,361,862 | = | 0.0% |
| Reserves | 13 | €140,000 | €140,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €140,000 | €140,000 | = | 0.0% |
| Legal reserve | 130 | €140,000 | €140,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,699,013 | -€3,350,823 | +€348,190 | +9.4% |
| Amounts payable | 17/49 | €3,400,880 | €3,125,306 | -€275,574 | -8.1% |
| Amounts payable after more than one year | 17 | €1,327,598 | €1,141,031 | -€186,568 | -14.1% |
| Financial debts | 170/4 | €1,327,598 | €1,141,031 | -€186,568 | -14.1% |
| Amounts payable within one year | 42/48 | €2,063,111 | €1,984,254 | -€78,857 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €441,172 | €436,568 | -€4,604 | -1.0% |
| Financial debts | 43 | €275,000 | €0 | -€275,000 | -100.0% |
| Credit institutions | 430/8 | €275,000 | €0 | -€275,000 | -100.0% |
| Trade debts | 44 | €402,347 | €653,284 | +€250,937 | +62.4% |
| Suppliers | 440/4 | €402,347 | €653,284 | +€250,937 | +62.4% |
| Advances received on contracts in progress | 46 | €317,739 | €468,748 | +€151,009 | +47.5% |
| Taxes, remuneration and social security | 45 | €235,321 | €90,476 | -€144,845 | -61.6% |
| Taxes | 450/3 | €46,335 | €37,020 | -€9,315 | -20.1% |
| Remuneration and social security | 454/9 | €188,986 | €53,456 | -€135,530 | -71.7% |
| Other amounts payable | 47/48 | €391,533 | €335,178 | -€56,355 | -14.4% |
| Accrued charges and deferred income | 492/3 | €10,170 | €21 | -€10,149 | -99.8% |
| Non-recurring operating income | 76A | €15,473 | €6,883 | -€8,590 | -55.5% |
| Remuneration, social security and pensions | 62 | €1,741,860 | €1,508,198 | -€233,662 | -13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181,068 | €174,700 | -€6,368 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,124 | €8,479 | +€10,603 | |
| Other operating charges | 640/8 | €25,732 | €31,516 | +€5,784 | +22.5% |
| Non-recurring operating charges | 66A | €3,432 | €0 | -€3,432 | -100.0% |
| Gross operating margin | 9900 | €2,340,412 | €2,170,765 | -€169,647 | -7.2% |
| Operating profit (loss) | 9901 | €390,444 | €447,872 | +€57,428 | +14.7% |
| Financial income | 75/76B | €49,954 | €103,265 | +€53,311 | +106.7% |
| Recurring financial income | 75 | €48,264 | €91,250 | +€42,986 | +89.1% |
| Non-recurring financial income | 76B | €1,690 | €12,015 | +€10,325 | +611.0% |
| Financial charges | 65/66B | €138,359 | €107,533 | -€30,826 | -22.3% |
| Recurring financial charges | 65 | €138,359 | €107,533 | -€30,826 | -22.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €302,040 | €443,604 | +€141,565 | +46.9% |
| Income taxes | 67/77 | €2,134 | €95,414 | +€93,280 | +4371.0% |
| Profit (loss) for the period | 9904 | €299,906 | €348,190 | +€48,285 | +16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €299,906 | €348,190 | +€48,285 | +16.1% |
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 3 October 2026 via checked.be.