Idepa: 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.
Idepa
Largest movements
- Tangible fixed assets -€63,720
down €63,720 (-5.4%), from €1.2m to €1.1m
- Receivables within one year +€28,550
new in 2025: €28,550
- Profit (loss) carried forward -€100,856
down €100,856 (-16.5%), from -€612,911 to -€713,767
- Debts after one year +€30,000
up €30,000 (+10.8%), from €278,000 to €308,000
- Accrued charges and deferred income +€25,736
up €25,736 (+39.8%), from €64,725 to €90,462
- Reserves -€15,634
down €15,634 (-5.5%), from €281,826 to €266,193
of which Tax-exempt reserves: -€12,309
- Gross operating margin +€10,810
up €10,810 (+43.1%), from -€25,069 to -€14,260
- Financial charges -€8,427
down €8,427 (-18.3%), from €46,056 to €37,629
- Depreciation -€4,093
down €4,093 (-6.0%), from €67,813 to €63,720
- Other operating charges +€373
up €373 (+8.1%), from €4,611 to €4,984
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 | €1,189,333 | €1,148,524 | -€40,809 | -3.4% |
| Fixed assets | 21/28 | €1,181,808 | €1,118,088 | -€63,720 | -5.4% |
| Tangible fixed assets | 22/27 | €1,181,808 | €1,118,088 | -€63,720 | -5.4% |
| Land and buildings | 22 | €1,181,808 | €1,118,088 | -€63,720 | -5.4% |
| Current assets | 29/58 | €7,524 | €30,435 | +€22,911 | +304.5% |
| Amounts receivable within one year | 40/41 | - | €28,550 | +€28,550 | |
| Trade receivables | 40 | - | €28,550 | +€28,550 | |
| Cash at bank and in hand | 54/58 | €7,524 | €1,885 | -€5,639 | -74.9% |
| Total equity and liabilities | 10/49 | €1,189,333 | €1,148,524 | -€40,809 | -3.4% |
| Equity | 10/15 | €39,987 | -€76,503 | -€116,490 | |
| Contributions | 10/11 | €371,072 | €371,072 | = | 0.0% |
| Capital | 10 | €158,900 | €158,900 | = | 0.0% |
| Issued capital | 100 | €158,900 | €158,900 | = | 0.0% |
| Contributions outside capital | 11 | €212,172 | €212,172 | = | 0.0% |
| Share premium | 1100/10 | €212,172 | €212,172 | = | 0.0% |
| Reserves | 13 | €281,826 | €266,193 | -€15,634 | -5.5% |
| Non-distributable reserves | 130/1 | €4,356 | €4,356 | = | 0.0% |
| Legal reserve | 130 | €4,356 | €4,356 | = | 0.0% |
| Tax-exempt reserves | 132 | €274,146 | €261,837 | -€12,309 | -4.5% |
| Distributable reserves | 133 | €3,324 | - | -€3,324 | |
| Profit (loss) carried forward | 14 | -€612,911 | -€713,767 | -€100,856 | -16.5% |
| Provisions and deferred taxes | 16 | €90,390 | €86,287 | -€4,103 | -4.5% |
| Deferred taxes | 168 | €90,390 | €86,287 | -€4,103 | -4.5% |
| Amounts payable | 17/49 | €1,058,955 | €1,138,739 | +€79,784 | +7.5% |
| Amounts payable after more than one year | 17 | €278,000 | €308,000 | +€30,000 | +10.8% |
| Other amounts payable | 178/9 | €278,000 | €308,000 | +€30,000 | +10.8% |
| Amounts payable within one year | 42/48 | €716,230 | €740,277 | +€24,048 | +3.4% |
| Financial debts | 43 | €361,068 | €372,573 | +€11,505 | +3.2% |
| Credit institutions | 430/8 | €361,068 | €372,573 | +€11,505 | +3.2% |
| Trade debts | 44 | €1,167 | €3,681 | +€2,514 | +215.3% |
| Suppliers | 440/4 | €1,167 | €3,681 | +€2,514 | +215.3% |
| Other amounts payable | 47/48 | €353,994 | €364,024 | +€10,029 | +2.8% |
| Accrued charges and deferred income | 492/3 | €64,725 | €90,462 | +€25,736 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,813 | €63,720 | -€4,093 | -6.0% |
| Other operating charges | 640/8 | €4,611 | €4,984 | +€373 | +8.1% |
| Gross operating margin | 9900 | -€25,069 | -€14,260 | +€10,810 | +43.1% |
| Operating profit (loss) | 9901 | -€97,494 | -€82,964 | +€14,530 | +14.9% |
| Financial charges | 65/66B | €46,056 | €37,629 | -€8,427 | -18.3% |
| Recurring financial charges | 65 | €46,056 | €37,629 | -€8,427 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€143,550 | -€120,593 | +€22,957 | +16.0% |
| Transfer from deferred taxes | 780 | €4,103 | €4,103 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€139,447 | -€116,490 | +€22,957 | +16.5% |
| Transfer from tax-exempt reserves | 789 | €12,309 | €12,309 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€127,138 | -€104,181 | +€22,957 | +18.1% |
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 12 October 2026 via checked.be.