INDAGRO LIGHTING: 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.
INDAGRO LIGHTING
Largest movements
- Stocks and contracts -€24,684
no longer reported in 2026 (was €24,684)
- Cash -€15,866
down €15,866 (-20.6%), from €76,990 to €61,125
mainly Trade debts (-€34,620) and Other debts (-€30,413)
- Tangible fixed assets -€14,123
no longer reported in 2026 (was €14,123)
of which Furniture and vehicles: -€13,283
- Deferred charges and accrued income -€9,467
no longer reported in 2026 (was €9,467)
- Profit (loss) carried forward +€49,326
up €49,326 (+80.8%), from -€61,035 to -€11,709
- Reserves -€48,995
down €48,995 (-35.8%), from €136,895 to €87,900
- Trade debts -€34,620
down €34,620 (-99.5%), from €34,801 to €181
- Other debts -€30,413
down €30,413 (-64.9%), from €46,858 to €16,445
- Depreciation -€15,991
no longer reported in 2026 (was €15,991)
- Gross operating margin -€13,404
down €13,404 (-82.8%), from €16,189 to €2,784
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €171,558 | €106,605 | -€64,953 | -37.9% |
| Fixed assets | 21/28 | €14,123 | - | -€14,123 | |
| Tangible fixed assets | 22/27 | €14,123 | - | -€14,123 | |
| Plant, machinery and equipment | 23 | €839 | - | -€839 | |
| Furniture and vehicles | 24 | €13,283 | - | -€13,283 | |
| Current assets | 29/58 | €157,435 | €106,605 | -€50,830 | -32.3% |
| Stocks and contracts in progress | 3 | €24,684 | - | -€24,684 | |
| Stocks | 30/36 | €24,684 | - | -€24,684 | |
| Amounts receivable within one year | 40/41 | €46,294 | €45,481 | -€814 | -1.8% |
| Trade receivables | 40 | €46,291 | €45,114 | -€1,177 | -2.5% |
| Other amounts receivable | 41 | €3 | €366 | +€364 | +13,224% |
| Cash at bank and in hand | 54/58 | €76,990 | €61,125 | -€15,866 | -20.6% |
| Deferred charges and accrued income | 490/1 | €9,467 | - | -€9,467 | |
| Total equity and liabilities | 10/49 | €171,558 | €106,605 | -€64,953 | -37.9% |
| Equity | 10/15 | €88,260 | €88,591 | +€331 | +0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €136,895 | €87,900 | -€48,995 | -35.8% |
| Distributable reserves | 133 | €136,895 | €87,900 | -€48,995 | -35.8% |
| Profit (loss) carried forward | 14 | -€61,035 | -€11,709 | +€49,326 | +80.8% |
| Amounts payable | 17/49 | €83,298 | €18,014 | -€65,284 | -78.4% |
| Amounts payable within one year | 42/48 | €83,298 | €18,014 | -€65,284 | -78.4% |
| Trade debts | 44 | €34,801 | €181 | -€34,620 | -99.5% |
| Suppliers | 440/4 | €34,801 | €181 | -€34,620 | -99.5% |
| Taxes, remuneration and social security | 45 | €1,639 | €1,388 | -€250 | -15.3% |
| Taxes | 450/3 | €1,639 | €1,388 | -€250 | -15.3% |
| Other amounts payable | 47/48 | €46,858 | €16,445 | -€30,413 | -64.9% |
| Non-recurring operating income | 76A | - | €6,272 | +€6,272 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,991 | - | -€15,991 | |
| Other operating charges | 640/8 | €1,069 | €946 | -€123 | -11.5% |
| Non-recurring operating charges | 66A | - | €1,401 | +€1,401 | |
| Gross operating margin | 9900 | €16,189 | €2,784 | -€13,404 | -82.8% |
| Operating profit (loss) | 9901 | -€872 | €437 | +€1,309 | |
| Financial income | 75/76B | €159 | €4 | -€155 | -97.6% |
| Recurring financial income | 75 | €159 | €4 | -€155 | -97.6% |
| Financial charges | 65/66B | €66 | €110 | +€44 | +66.6% |
| Recurring financial charges | 65 | €66 | €110 | +€44 | +66.6% |
| Profit (loss) for the period before taxes | 9903 | -€779 | €331 | +€1,110 | |
| Income taxes | 67/77 | €136 | - | -€136 | |
| Profit (loss) for the period | 9904 | -€915 | €331 | +€1,246 | |
| Profit (loss) for the period to be appropriated | 9905 | -€915 | €331 | +€1,246 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.