IDESA: 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.
IDESA
Largest movements
- Tangible fixed assets -€103,009
down €103,009 (-3.9%), from €2.6m to €2.5m
of which Land and buildings: -€100,509
- Cash +€29,586
up €29,586 (+34.6%), from €85,554 to €115,140
mainly Depreciation (+€125,144) and Net result for the year (+€107,162)
- Debts after one year -€179,211
down €179,211 (-11.1%), from €1.6m to €1.4m
of which Financial debts: -€190,320
- Reserves +€69,981
up €69,981 (+17.1%), from €408,225 to €478,207
- Gross operating margin +€13,669
up €13,669 (+4.0%), from €345,068 to €358,737
- Financial charges -€5,614
down €5,614 (-9.8%), from €57,195 to €51,581
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 | €2,746,478 | €2,686,192 | -€60,286 | -2.2% |
| Fixed assets | 21/28 | €2,637,697 | €2,534,688 | -€103,009 | -3.9% |
| Tangible fixed assets | 22/27 | €2,637,697 | €2,534,688 | -€103,009 | -3.9% |
| Land and buildings | 22 | €2,630,763 | €2,530,253 | -€100,509 | -3.8% |
| Plant, machinery and equipment | 23 | €1,538 | €837 | -€701 | -45.6% |
| Furniture and vehicles | 24 | €5,397 | €3,598 | -€1,799 | -33.3% |
| Current assets | 29/58 | €108,781 | €151,504 | +€42,723 | +39.3% |
| Amounts receivable after more than one year | 29 | €16,387 | €31,428 | +€15,041 | +91.8% |
| Other amounts receivable | 291 | €16,387 | €31,428 | +€15,041 | +91.8% |
| Amounts receivable within one year | 40/41 | €2,275 | €75 | -€2,200 | -96.7% |
| Trade receivables | 40 | €2,200 | - | -€2,200 | |
| Other amounts receivable | 41 | €75 | €75 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €85,554 | €115,140 | +€29,586 | +34.6% |
| Deferred charges and accrued income | 490/1 | €4,566 | €4,860 | +€295 | +6.5% |
| Total equity and liabilities | 10/49 | €2,746,478 | €2,686,192 | -€60,286 | -2.2% |
| Equity | 10/15 | €924,898 | €994,880 | +€69,981 | +7.6% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €408,225 | €478,207 | +€69,981 | +17.1% |
| Distributable reserves | 133 | €408,225 | €478,207 | +€69,981 | +17.1% |
| Profit (loss) carried forward | 14 | €16,673 | €16,673 | = | 0.0% |
| Amounts payable | 17/49 | €1,821,580 | €1,691,312 | -€130,268 | -7.2% |
| Amounts payable after more than one year | 17 | €1,608,381 | €1,429,171 | -€179,211 | -11.1% |
| Financial debts | 170/4 | €870,612 | €680,292 | -€190,320 | -21.9% |
| Other amounts payable | 178/9 | €737,769 | €748,879 | +€11,109 | +1.5% |
| Amounts payable within one year | 42/48 | €192,496 | €240,756 | +€48,260 | +25.1% |
| Current portion of amounts payable after more than one year | 42 | €183,222 | €190,320 | +€7,098 | +3.9% |
| Trade debts | 44 | €208 | €20,654 | +€20,446 | +9833.0% |
| Suppliers | 440/4 | €208 | €20,654 | +€20,446 | +9833.0% |
| Taxes, remuneration and social security | 45 | €9,066 | €29,782 | +€20,716 | +228.5% |
| Taxes | 450/3 | €9,066 | €29,782 | +€20,716 | +228.5% |
| Accrued charges and deferred income | 492/3 | €20,703 | €21,386 | +€683 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,790 | €125,144 | +€354 | +0.3% |
| Other operating charges | 640/8 | €23,399 | €24,133 | +€734 | +3.1% |
| Gross operating margin | 9900 | €345,068 | €358,737 | +€13,669 | +4.0% |
| Operating profit (loss) | 9901 | €196,880 | €209,460 | +€12,580 | +6.4% |
| Financial charges | 65/66B | €57,195 | €51,581 | -€5,614 | -9.8% |
| Recurring financial charges | 65 | €57,195 | €51,581 | -€5,614 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €139,685 | €157,879 | +€18,194 | +13.0% |
| Income taxes | 67/77 | €49,026 | €50,716 | +€1,690 | +3.4% |
| Profit (loss) for the period | 9904 | €90,659 | €107,162 | +€16,504 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,659 | €107,162 | +€16,504 | +18.2% |
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 10 October 2026 via checked.be.