INDUSTRIAL DEVELOPMENT COMPANY: what changed
INDUSTRIAL DEVELOPMENT COMPANY
Largest movements
- Receivables within one year +€17,967
up €17,967 (+9,098%), from €197 to €18,164
of which Trade receivables: +€17,953
- Cash -€12,795
down €12,795 (-52.9%), from €24,201 to €11,406
mainly Debts after one year (-€55,650) and Receivables within one year (-€17,967)
- Debts after one year -€55,650
down €55,650 (-52.9%), from €105,295 to €49,645
- Profit (loss) carried forward +€43,326
up €43,326 (+63.4%), from €68,295 to €111,621
- Tax, wage and social debts +€18,485
up €18,485 (+41.3%), from €44,742 to €63,227
of which Taxes: +€17,732
- Staff costs +€3,736
up €3,736 (+3.5%), from €105,809 to €109,545
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €224,582 | €229,753 | +€5,171 | +2.3% |
| Fixed assets | 21/28 | €200,183 | €200,183 | = | 0.0% |
| Financial fixed assets | 28 | €200,183 | €200,183 | = | 0.0% |
| Current assets | 29/58 | €24,399 | €29,570 | +€5,171 | +21.2% |
| Amounts receivable within one year | 40/41 | €197 | €18,164 | +€17,967 | +9,098% |
| Trade receivables | 40 | €197 | €18,150 | +€17,953 | +9,091% |
| Other amounts receivable | 41 | - | €14 | +€14 | |
| Cash at bank and in hand | 54/58 | €24,201 | €11,406 | -€12,795 | -52.9% |
| Total equity and liabilities | 10/49 | €224,582 | €229,753 | +€5,171 | +2.3% |
| Equity | 10/15 | €73,295 | €116,621 | +€43,326 | +59.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,295 | €111,621 | +€43,326 | +63.4% |
| Amounts payable | 17/49 | €151,287 | €113,132 | -€38,155 | -25.2% |
| Amounts payable after more than one year | 17 | €105,295 | €49,645 | -€55,650 | -52.9% |
| Other amounts payable | 178/9 | €105,295 | €49,645 | -€55,650 | -52.9% |
| Amounts payable within one year | 42/48 | €45,992 | €63,487 | +€17,495 | +38.0% |
| Trade debts | 44 | €1,250 | €260 | -€990 | -79.2% |
| Suppliers | 440/4 | €1,250 | €260 | -€990 | -79.2% |
| Taxes, remuneration and social security | 45 | €44,742 | €63,227 | +€18,485 | +41.3% |
| Taxes | 450/3 | €29,474 | €47,206 | +€17,732 | +60.2% |
| Remuneration and social security | 454/9 | €15,268 | €16,021 | +€754 | +4.9% |
| Remuneration, social security and pensions | 62 | €105,809 | €109,545 | +€3,736 | +3.5% |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Gross operating margin | 9900 | €171,214 | €170,036 | -€1,177 | -0.7% |
| Operating profit (loss) | 9901 | €65,305 | €60,491 | -€4,814 | -7.4% |
| Financial charges | 65/66B | €415 | €475 | +€59 | +14.3% |
| Recurring financial charges | 65 | €415 | €475 | +€59 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €64,889 | €60,016 | -€4,873 | -7.5% |
| Income taxes | 67/77 | €17,062 | €16,690 | -€372 | -2.2% |
| Profit (loss) for the period | 9904 | €47,827 | €43,326 | -€4,501 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,827 | €43,326 | -€4,501 | -9.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.