IDONA Projects: 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.
IDONA Projects
Largest movements
- Tangible fixed assets +€445,615
up €445,615 (+7953.6%), from €5,603 to €451,218
of which Other tangible fixed assets: +€262,653
- Financial fixed assets +€300,000
new in 2025: €300,000
- Receivables within one year +€115,257
up €115,257 (+3374.3%), from €3,416 to €118,673
of which Other amounts receivable: +€107,778
- Cash -€54,476
down €54,476 (-63.1%), from €86,317 to €31,841
mainly Investment in fixed assets (net) (-€784,714) and Other debts (-€169,292)
- Debts after one year +€860,241
new in 2025: €860,241
of which Other amounts payable: +€723,381
- Other debts -€169,292
down €169,292 (-100.0%), from €169,292 to €0
- Reserves +€52,894
up €52,894 (+2843.8%), from €1,860 to €54,754
of which Distributable reserves: +€52,894
- Current portion of long-term debt +€37,081
new in 2025: €37,081
- Tax, wage and social debts +€21,418
up €21,418, from €0 to €21,418
of which Taxes: +€16,688
- Gross operating margin +€139,649
up €139,649 (+345.3%), from €40,448 to €180,097
- Depreciation +€37,951
up €37,951 (+3305.9%), from €1,148 to €39,099
- Staff costs +€34,772
new in 2025: €34,772
- Taxes +€23,455
up €23,455 (+238.3%), from €9,844 to €33,299
- Financial charges +€18,103
up €18,103 (+2426.2%), from €746 to €18,849
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 | €192,863 | €1,006,409 | +€813,546 | +421.8% |
| Fixed assets | 21/28 | €5,603 | €751,218 | +€745,615 | +13308.1% |
| Tangible fixed assets | 22/27 | €5,603 | €451,218 | +€445,615 | +7953.6% |
| Plant, machinery and equipment | 23 | €1,037 | €0 | -€1,037 | -100.0% |
| Furniture and vehicles | 24 | €4,566 | €188,565 | +€183,999 | +4029.7% |
| Other tangible fixed assets | 26 | - | €262,653 | +€262,653 | |
| Financial fixed assets | 28 | - | €300,000 | +€300,000 | |
| Current assets | 29/58 | €187,260 | €255,191 | +€67,931 | +36.3% |
| Stocks and contracts in progress | 3 | €96,250 | €96,250 | = | 0.0% |
| Stocks | 30/36 | €96,250 | €96,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,416 | €118,673 | +€115,257 | +3374.3% |
| Trade receivables | 40 | €3,259 | €10,738 | +€7,479 | +229.5% |
| Other amounts receivable | 41 | €157 | €107,935 | +€107,778 | +68775.4% |
| Cash at bank and in hand | 54/58 | €86,317 | €31,841 | -€54,476 | -63.1% |
| Deferred charges and accrued income | 490/1 | €1,277 | €8,427 | +€7,150 | +559.9% |
| Total equity and liabilities | 10/49 | €192,863 | €1,006,409 | +€813,546 | +421.8% |
| Equity | 10/15 | €20,460 | €73,354 | +€52,894 | +258.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €54,754 | +€52,894 | +2843.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €0 | €52,894 | +€52,894 | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €172,403 | €933,055 | +€760,652 | +441.2% |
| Amounts payable after more than one year | 17 | - | €860,241 | +€860,241 | |
| Financial debts | 170/4 | - | €136,859 | +€136,859 | |
| Other amounts payable | 178/9 | - | €723,381 | +€723,381 | |
| Amounts payable within one year | 42/48 | €172,403 | €69,388 | -€103,015 | -59.8% |
| Current portion of amounts payable after more than one year | 42 | - | €37,081 | +€37,081 | |
| Trade debts | 44 | €3,111 | €10,889 | +€7,777 | +250.0% |
| Suppliers | 440/4 | €3,111 | €10,889 | +€7,777 | +250.0% |
| Taxes, remuneration and social security | 45 | €0 | €21,418 | +€21,418 | |
| Taxes | 450/3 | €0 | €16,688 | +€16,688 | |
| Remuneration and social security | 454/9 | - | €4,730 | +€4,730 | |
| Other amounts payable | 47/48 | €169,292 | €0 | -€169,292 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €3,427 | +€3,427 | |
| Remuneration, social security and pensions | 62 | - | €34,772 | +€34,772 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,148 | €39,099 | +€37,951 | +3305.9% |
| Other operating charges | 640/8 | €675 | €2,021 | +€1,345 | +199.2% |
| Gross operating margin | 9900 | €40,448 | €180,097 | +€139,649 | +345.3% |
| Operating profit (loss) | 9901 | €38,624 | €104,206 | +€65,581 | +169.8% |
| Financial income | 75/76B | - | €837 | +€837 | |
| Recurring financial income | 75 | - | €837 | +€837 | |
| Financial charges | 65/66B | €746 | €18,849 | +€18,103 | +2426.2% |
| Recurring financial charges | 65 | €746 | €18,849 | +€18,103 | +2426.2% |
| Profit (loss) for the period before taxes | 9903 | €37,878 | €86,193 | +€48,315 | +127.6% |
| Income taxes | 67/77 | €9,844 | €33,299 | +€23,455 | +238.3% |
| Profit (loss) for the period | 9904 | €28,035 | €52,894 | +€24,860 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,035 | €52,894 | +€24,860 | +88.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.