Indalo Analytics: 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.
Indalo Analytics
Largest movements
- Cash +€93,816
new in 2025: €93,816
mainly Net result for the year (+€75,019) and Tax, wage and social debts (+€18,535)
- Receivables within one year -€4,323
down €4,323 (-13.2%), from €32,783 to €28,459
of which Trade receivables: -€3,073
- Profit (loss) carried forward +€74,186
up €74,186 (+402%), from €18,461 to €92,647
- Tax, wage and social debts +€18,535
up €18,535 (+185%), from €10,015 to €28,551
- Trade debts -€2,367
down €2,367 (-97.9%), from €2,419 to €52
- Gross operating margin +€70,587
up €70,587 (+292%), from €24,192 to €94,780
- Taxes +€14,351
up €14,351 (+297%), from €4,836 to €19,187
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 | €33,763 | €123,412 | +€89,648 | +266% |
| Fixed assets | 21/28 | €981 | €1,136 | +€155 | +15.8% |
| Tangible fixed assets | 22/27 | €981 | €1,136 | +€155 | +15.8% |
| Furniture and vehicles | 24 | €981 | €1,136 | +€155 | +15.8% |
| Current assets | 29/58 | €32,783 | €122,276 | +€89,493 | +273% |
| Amounts receivable within one year | 40/41 | €32,783 | €28,459 | -€4,323 | -13.2% |
| Trade receivables | 40 | €31,533 | €28,459 | -€3,073 | -9.7% |
| Other amounts receivable | 41 | €1,250 | €0 | -€1,250 | -100% |
| Cash at bank and in hand | 54/58 | - | €93,816 | +€93,816 | |
| Total equity and liabilities | 10/49 | €33,763 | €123,412 | +€89,648 | +266% |
| Equity | 10/15 | €19,711 | €93,897 | +€74,186 | +376% |
| Contributions | 10/11 | €1,250 | €1,250 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,461 | €92,647 | +€74,186 | +402% |
| Amounts payable | 17/49 | €14,053 | €29,515 | +€15,462 | +110% |
| Amounts payable within one year | 42/48 | €14,017 | €29,515 | +€15,497 | +111% |
| Trade debts | 44 | €2,419 | €52 | -€2,367 | -97.9% |
| Suppliers | 440/4 | €2,419 | €52 | -€2,367 | -97.9% |
| Taxes, remuneration and social security | 45 | €10,015 | €28,551 | +€18,535 | +185% |
| Taxes | 450/3 | €10,015 | €28,551 | +€18,535 | +185% |
| Other amounts payable | 47/48 | €1,583 | €912 | -€671 | -42.4% |
| Accrued charges and deferred income | 492/3 | €35 | €0 | -€35 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10 | €364 | +€353 | +3,417% |
| Other operating charges | 640/8 | €52 | €56 | +€4 | +8.1% |
| Gross operating margin | 9900 | €24,192 | €94,780 | +€70,587 | +292% |
| Operating profit (loss) | 9901 | €24,130 | €94,360 | +€70,230 | +291% |
| Financial charges | 65/66B | - | €153 | +€153 | |
| Recurring financial charges | 65 | - | €153 | +€153 | |
| Profit (loss) for the period before taxes | 9903 | €24,130 | €94,206 | +€70,076 | +290% |
| Income taxes | 67/77 | €4,836 | €19,187 | +€14,351 | +297% |
| Profit (loss) for the period | 9904 | €19,294 | €75,019 | +€55,726 | +289% |
| Profit (loss) for the period to be appropriated | 9905 | €19,294 | €75,019 | +€55,726 | +289% |
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 15 October 2026 via checked.be.