IDHE: what changed
What changed
IDHE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€196,371
2025 · €274,313-€77,942
Equity
€643,520
2025 · €547,150+€96,371
Cash
€34,765
2025 · €27,020+€7,745
Balance sheet total
€1.2m
2025 · €1.1m+€76,304
Largest movements
Assets
- Current investments +€100,801
up €100,801 (+40.1%), from €251,451 to €352,252
- Receivables within one year -€37,402
down €37,402 (-100%), from €37,402 to €0
- Deferred charges and accrued income +€25,521
up €25,521 (+1,061%), from €2,405 to €27,926
- Tangible fixed assets -€20,361
down €20,361 (-3.1%), from €666,366 to €646,006
of which Land and buildings: -€19,057
Equity and liabilities
- Reserves +€96,371
up €96,371 (+18.2%), from €528,550 to €624,920
- Debts after one year -€56,663
down €56,663 (-19.8%), from €286,207 to €229,544
- Other debts +€23,048
up €23,048 (+11.0%), from €210,331 to €233,379
Income statement
- Financial income -€51,562
down €51,562 (-48.9%), from €105,496 to €53,934
- Gross operating margin -€31,695
down €31,695 (-11.5%), from €276,162 to €244,467
- Taxes -€6,823
down €6,823 (-11.9%), from €57,407 to €50,584
- Financial charges +€3,316
up €3,316 (+19.4%), from €17,117 to €20,433
Change in the result, 2025 to 2026
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 2025
€274,313
Gross operating margin
-€31,695
Depreciation
+€1,402
Other operating charges
+€405
Financial income
-€51,562
Financial charges
-€3,316
Taxes
+€6,823
Result 2026
€196,371
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€269,796
Investment
-€105,892
Financing
-€156,159
Cash 2025
€27,020
From operations (derived)
+€269,796
Net result for the year
+€196,371
Depreciation
+€25,452
Receivables within one year
+€37,402
Deferred charges and accrued income
-€25,521
Trade debts
+€4,771
Tax, wage and social debts
+€5,178
Other debts
+€23,048
Accrued charges and deferred income
+€3,096
Investment (derived)
-€105,892
Investment in fixed assets (net)
-€5,091
Current investments
-€100,801
Financing
-€156,159
Debts after one year
-€56,663
Current portion of long-term debt
+€504
Contributions, distributions and other
-€100,000
Cash 2026
€34,765
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,110,144 | €1,186,448 | +€76,304 | +6.9% |
| Fixed assets | 21/28 | €791,866 | €771,506 | -€20,361 | -2.6% |
| Tangible fixed assets | 22/27 | €666,366 | €646,006 | -€20,361 | -3.1% |
| Land and buildings | 22 | €639,906 | €620,849 | -€19,057 | -3.0% |
| Plant, machinery and equipment | 23 | €7,597 | €11,014 | +€3,417 | +45.0% |
| Furniture and vehicles | 24 | €4,940 | €2,550 | -€2,390 | -48.4% |
| Other tangible fixed assets | 26 | €13,923 | €11,593 | -€2,330 | -16.7% |
| Financial fixed assets | 28 | €125,500 | €125,500 | = | 0.0% |
| Current assets | 29/58 | €318,278 | €414,942 | +€96,664 | +30.4% |
| Amounts receivable within one year | 40/41 | €37,402 | €0 | -€37,402 | -100% |
| Other amounts receivable | 41 | €37,402 | €0 | -€37,402 | -100% |
| Current investments | 50/53 | €251,451 | €352,252 | +€100,801 | +40.1% |
| Cash at bank and in hand | 54/58 | €27,020 | €34,765 | +€7,745 | +28.7% |
| Deferred charges and accrued income | 490/1 | €2,405 | €27,926 | +€25,521 | +1,061% |
| Total equity and liabilities | 10/49 | €1,110,144 | €1,186,448 | +€76,304 | +6.9% |
| Equity | 10/15 | €547,150 | €643,520 | +€96,371 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €528,550 | €624,920 | +€96,371 | +18.2% |
| Distributable reserves | 133 | €528,550 | €624,920 | +€96,371 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €562,994 | €542,928 | -€20,067 | -3.6% |
| Amounts payable after more than one year | 17 | €286,207 | €229,544 | -€56,663 | -19.8% |
| Financial debts | 170/4 | €286,207 | €229,544 | -€56,663 | -19.8% |
| Amounts payable within one year | 42/48 | €273,923 | €307,423 | +€33,500 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | €56,159 | €56,663 | +€504 | +0.9% |
| Trade debts | 44 | €0 | €4,771 | +€4,771 | |
| Suppliers | 440/4 | €0 | €4,771 | +€4,771 | |
| Taxes, remuneration and social security | 45 | €7,433 | €12,611 | +€5,178 | +69.7% |
| Taxes | 450/3 | €7,433 | €12,611 | +€5,178 | +69.7% |
| Other amounts payable | 47/48 | €210,331 | €233,379 | +€23,048 | +11.0% |
| Accrued charges and deferred income | 492/3 | €2,864 | €5,960 | +€3,096 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,854 | €25,452 | -€1,402 | -5.2% |
| Other operating charges | 640/8 | €5,968 | €5,563 | -€405 | -6.8% |
| Gross operating margin | 9900 | €276,162 | €244,467 | -€31,695 | -11.5% |
| Operating profit (loss) | 9901 | €243,340 | €213,453 | -€29,888 | -12.3% |
| Financial income | 75/76B | €105,496 | €53,934 | -€51,562 | -48.9% |
| Recurring financial income | 75 | €105,496 | €53,934 | -€51,562 | -48.9% |
| Financial charges | 65/66B | €17,117 | €20,433 | +€3,316 | +19.4% |
| Recurring financial charges | 65 | €17,117 | €20,433 | +€3,316 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €331,719 | €246,954 | -€84,765 | -25.6% |
| Income taxes | 67/77 | €57,407 | €50,584 | -€6,823 | -11.9% |
| Profit (loss) for the period | 9904 | €274,313 | €196,371 | -€77,942 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €274,313 | €196,371 | -€77,942 | -28.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.