INDAGEN: 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.
INDAGEN
Largest movements
- Cash -€36,360
down €36,360 (-78.4%), from €46,378 to €10,017
mainly Other debts (-€35,000) and Net result for the year (-€2,973)
- Tangible fixed assets -€1,470
down €1,470 (-100.0%), from €1,470 to €0
of which Land and buildings: -€1,470
- Other debts -€35,000
down €35,000 (-35.0%), from €100,000 to €65,000
- Profit (loss) carried forward -€2,973
down €2,973 (-1.2%), from -€252,184 to -€255,157
- Depreciation -€2,275
down €2,275 (-60.8%), from €3,744 to €1,470
- Gross operating margin +€1,962
up €1,962 (+73.2%), from -€2,680 to -€718
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 | €48,007 | €10,059 | -€37,948 | -79.0% |
| Fixed assets | 21/28 | €1,470 | €0 | -€1,470 | -100.0% |
| Tangible fixed assets | 22/27 | €1,470 | €0 | -€1,470 | -100.0% |
| Land and buildings | 22 | €1,470 | - | -€1,470 | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Current assets | 29/58 | €46,538 | €10,059 | -€36,478 | -78.4% |
| Amounts receivable within one year | 40/41 | €160 | €42 | -€118 | -73.7% |
| Other amounts receivable | 41 | €160 | €42 | -€118 | -73.7% |
| Cash at bank and in hand | 54/58 | €46,378 | €10,017 | -€36,360 | -78.4% |
| Total equity and liabilities | 10/49 | €48,007 | €10,059 | -€37,948 | -79.0% |
| Equity | 10/15 | -€52,184 | -€55,157 | -€2,973 | -5.7% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€252,184 | -€255,157 | -€2,973 | -1.2% |
| Amounts payable | 17/49 | €100,191 | €65,216 | -€34,975 | -34.9% |
| Amounts payable within one year | 42/48 | €100,191 | €65,216 | -€34,975 | -34.9% |
| Trade debts | 44 | €191 | €216 | +€25 | +13.0% |
| Suppliers | 440/4 | €191 | €216 | +€25 | +13.0% |
| Other amounts payable | 47/48 | €100,000 | €65,000 | -€35,000 | -35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,744 | €1,470 | -€2,275 | -60.8% |
| Other operating charges | 640/8 | €730 | €745 | +€14 | +2.0% |
| Gross operating margin | 9900 | -€2,680 | -€718 | +€1,962 | +73.2% |
| Operating profit (loss) | 9901 | -€7,155 | -€2,932 | +€4,223 | +59.0% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Non-recurring financial charges | 66B | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€7,194 | -€2,973 | +€4,221 | +58.7% |
| Profit (loss) for the period | 9904 | -€7,194 | -€2,973 | +€4,221 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,194 | -€2,973 | +€4,221 | +58.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.