INDACCO: 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.
INDACCO
Largest movements
- Current investments +€12,000
up €12,000 (+17.4%), from €69,000 to €81,000
- Cash -€7,094
down €7,094 (-5.0%), from €142,751 to €135,657
mainly Contributions, distributions and other (-€25,078) and Current investments (-€12,000)
- Tangible fixed assets +€3,833
up €3,833 (+116%), from €3,300 to €7,133
- Reserves +€17,140
up €17,140 (+9.1%), from €188,359 to €205,499
- Other debts -€9,636
down €9,636 (-43.1%), from €22,348 to €12,712
- Tax, wage and social debts +€3,457
up €3,457 (+17.0%), from €20,300 to €23,757
of which Taxes: +€3,457
- Financial income -€1,475
down €1,475 (-71.3%), from €2,068 to €593
- Taxes -€1,072
down €1,072 (-5.8%), from €18,498 to €17,425
- Gross operating margin -€859
down €859 (-1.3%), from €65,218 to €64,359
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 | €239,847 | €250,830 | +€10,982 | +4.6% |
| Fixed assets | 21/28 | €3,300 | €7,133 | +€3,833 | +116% |
| Tangible fixed assets | 22/27 | €3,300 | €7,133 | +€3,833 | +116% |
| Other tangible fixed assets | 26 | €3,300 | €7,133 | +€3,833 | +116% |
| Current assets | 29/58 | €236,547 | €243,697 | +€7,150 | +3.0% |
| Amounts receivable after more than one year | 29 | €9,402 | €11,400 | +€1,998 | +21.3% |
| Other amounts receivable | 291 | €9,402 | €11,400 | +€1,998 | +21.3% |
| Amounts receivable within one year | 40/41 | €14,029 | €14,273 | +€244 | +1.7% |
| Trade receivables | 40 | €13,852 | €14,273 | +€421 | +3.0% |
| Other amounts receivable | 41 | €177 | €0 | -€177 | -100% |
| Current investments | 50/53 | €69,000 | €81,000 | +€12,000 | +17.4% |
| Cash at bank and in hand | 54/58 | €142,751 | €135,657 | -€7,094 | -5.0% |
| Deferred charges and accrued income | 490/1 | €1,365 | €1,367 | +€2 | +0.2% |
| Total equity and liabilities | 10/49 | €239,847 | €250,830 | +€10,982 | +4.6% |
| Equity | 10/15 | €194,559 | €211,699 | +€17,140 | +8.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €188,359 | €205,499 | +€17,140 | +9.1% |
| Distributable reserves | 133 | €188,359 | €205,499 | +€17,140 | +9.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €45,288 | €39,131 | -€6,157 | -13.6% |
| Amounts payable within one year | 42/48 | €44,231 | €38,264 | -€5,967 | -13.5% |
| Trade debts | 44 | €1,582 | €1,794 | +€212 | +13.4% |
| Suppliers | 440/4 | €1,582 | €1,794 | +€212 | +13.4% |
| Taxes, remuneration and social security | 45 | €20,300 | €23,757 | +€3,457 | +17.0% |
| Taxes | 450/3 | €20,300 | €23,757 | +€3,457 | +17.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €22,348 | €12,712 | -€9,636 | -43.1% |
| Accrued charges and deferred income | 492/3 | €1,057 | €868 | -€190 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,100 | €1,501 | +€401 | +36.4% |
| Other operating charges | 640/8 | €1,109 | €945 | -€164 | -14.8% |
| Gross operating margin | 9900 | €65,218 | €64,359 | -€859 | -1.3% |
| Operating profit (loss) | 9901 | €63,009 | €61,914 | -€1,095 | -1.7% |
| Financial income | 75/76B | €2,068 | €593 | -€1,475 | -71.3% |
| Recurring financial income | 75 | €2,068 | €593 | -€1,475 | -71.3% |
| Financial charges | 65/66B | €3,496 | €2,864 | -€632 | -18.1% |
| Recurring financial charges | 65 | €3,496 | €2,864 | -€632 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €61,581 | €59,643 | -€1,938 | -3.1% |
| Income taxes | 67/77 | €18,498 | €17,425 | -€1,072 | -5.8% |
| Profit (loss) for the period | 9904 | €43,083 | €42,218 | -€865 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €43,083 | €42,218 | -€865 | -2.0% |
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 25 October 2026 via checked.be.