IDEX-EC: 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.
IDEX-EC
Largest movements
- Receivables within one year +€587,680
up €587,680 (+55.7%), from €1.1m to €1.6m
of which Other amounts receivable: +€530,356
- Cash +€52,245
up €52,245 (+234%), from €22,319 to €74,564
mainly Other debts (+€321,096) and Trade debts (+€296,280)
- Other debts +€321,096
up €321,096 (+54.6%), from €587,676 to €908,771
- Trade debts +€296,280
up €296,280 (+37.5%), from €789,930 to €1.1m
- Profit (loss) carried forward +€19,664
up €19,664 (+5.8%), from -€339,564 to -€319,900
- Gross operating margin +€200,045
up €200,045 (+517%), from €38,714 to €238,760
- Financial income -€120,080
down €120,080 (-95.5%), from €125,680 to €5,600
- Financial charges +€75,235
up €75,235 (+120%), from €62,474 to €137,708
- Staff costs +€4,392
up €4,392 (+5.5%), from €79,266 to €83,658
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.
Derived cash bridge
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 | €1,087,503 | €1,724,618 | +€637,115 | +58.6% |
| Fixed assets | 21/28 | €9,441 | €6,631 | -€2,809 | -29.8% |
| Intangible fixed assets | 21 | €1,675 | €0 | -€1,675 | -100% |
| Tangible fixed assets | 22/27 | €7,204 | €6,069 | -€1,135 | -15.7% |
| Furniture and vehicles | 24 | €7,204 | €6,069 | -€1,135 | -15.7% |
| Financial fixed assets | 28 | €562 | €562 | = | 0.0% |
| Current assets | 29/58 | €1,078,062 | €1,717,986 | +€639,925 | +59.4% |
| Amounts receivable within one year | 40/41 | €1,055,743 | €1,643,423 | +€587,680 | +55.7% |
| Trade receivables | 40 | €221,381 | €278,705 | +€57,324 | +25.9% |
| Other amounts receivable | 41 | €834,361 | €1,364,717 | +€530,356 | +63.6% |
| Cash at bank and in hand | 54/58 | €22,319 | €74,564 | +€52,245 | +234% |
| Total equity and liabilities | 10/49 | €1,087,503 | €1,724,618 | +€637,115 | +58.6% |
| Equity | 10/15 | -€320,564 | -€300,900 | +€19,664 | +6.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€339,564 | -€319,900 | +€19,664 | +5.8% |
| Amounts payable | 17/49 | €1,408,067 | €2,025,518 | +€617,451 | +43.9% |
| Amounts payable within one year | 42/48 | €1,407,405 | €2,024,856 | +€617,451 | +43.9% |
| Trade debts | 44 | €789,930 | €1,086,210 | +€296,280 | +37.5% |
| Suppliers | 440/4 | €789,930 | €1,086,210 | +€296,280 | +37.5% |
| Advances received on contracts in progress | 46 | €7,601 | €0 | -€7,601 | -100% |
| Taxes, remuneration and social security | 45 | €22,198 | €29,874 | +€7,676 | +34.6% |
| Taxes | 450/3 | €612 | €6,976 | +€6,364 | +1,039% |
| Remuneration and social security | 454/9 | €21,585 | €22,898 | +€1,313 | +6.1% |
| Other amounts payable | 47/48 | €587,676 | €908,771 | +€321,096 | +54.6% |
| Accrued charges and deferred income | 492/3 | €662 | €662 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €79,266 | €83,658 | +€4,392 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,123 | €2,809 | -€1,314 | -31.9% |
| Other operating charges | 640/8 | €1,086 | €520 | -€566 | -52.1% |
| Gross operating margin | 9900 | €38,714 | €238,760 | +€200,045 | +517% |
| Operating profit (loss) | 9901 | -€45,761 | €151,773 | +€197,533 | |
| Financial income | 75/76B | €125,680 | €5,600 | -€120,080 | -95.5% |
| Recurring financial income | 75 | €125,680 | €5,600 | -€120,080 | -95.5% |
| Financial charges | 65/66B | €62,474 | €137,708 | +€75,235 | +120% |
| Recurring financial charges | 65 | €62,474 | €137,708 | +€75,235 | +120% |
| Profit (loss) for the period before taxes | 9903 | €17,446 | €19,664 | +€2,219 | +12.7% |
| Profit (loss) for the period | 9904 | €17,446 | €19,664 | +€2,219 | +12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €17,446 | €19,664 | +€2,219 | +12.7% |
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 20 October 2026 via checked.be.