INDATEL: 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.
INDATEL
Largest movements
- Receivables within one year -€6,497
down €6,497 (-10.4%), from €62,515 to €56,018
of which Trade receivables: -€7,872
- Cash -€5,462
down €5,462 (-37.8%), from €14,458 to €8,995
mainly Debts after one year (-€14,862) and Net result for the year (-€3,251)
- Debts after one year -€14,862
down €14,862 (-13.3%), from €111,790 to €96,928
- Trade debts +€4,480
up €4,480 (+9.8%), from €45,700 to €50,181
- Reserves -€3,251
down €3,251 (-14.3%), from €22,725 to €19,475
of which Distributable reserves: -€3,251
- Tax, wage and social debts +€2,322
up €2,322 (+88.8%), from €2,615 to €4,938
- Staff costs +€10,055
up €10,055 (+6894.8%), from €146 to €10,201
- Gross operating margin +€9,177
up €9,177 (+632.9%), from €1,450 to €10,627
- Write-downs +€2,610
new in 2025: €2,610
- Taxes -€893
no longer reported in 2025 (was €893)
- Financial charges -€332
down €332 (-28.8%), from €1,154 to €822
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 | €203,713 | €192,633 | -€11,080 | -5.4% |
| Fixed assets | 21/28 | €120,000 | €120,000 | = | 0.0% |
| Financial fixed assets | 28 | €120,000 | €120,000 | = | 0.0% |
| Current assets | 29/58 | €83,713 | €72,633 | -€11,080 | -13.2% |
| Stocks and contracts in progress | 3 | €5,850 | €6,773 | +€923 | +15.8% |
| Stocks | 30/36 | €5,850 | €6,773 | +€923 | +15.8% |
| Amounts receivable within one year | 40/41 | €62,515 | €56,018 | -€6,497 | -10.4% |
| Trade receivables | 40 | €58,074 | €50,202 | -€7,872 | -13.6% |
| Other amounts receivable | 41 | €4,441 | €5,816 | +€1,376 | +31.0% |
| Cash at bank and in hand | 54/58 | €14,458 | €8,995 | -€5,462 | -37.8% |
| Deferred charges and accrued income | 490/1 | €890 | €847 | -€44 | -4.9% |
| Total equity and liabilities | 10/49 | €203,713 | €192,633 | -€11,080 | -5.4% |
| Equity | 10/15 | €32,725 | €29,475 | -€3,251 | -9.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €22,725 | €19,475 | -€3,251 | -14.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €20,870 | €17,620 | -€3,251 | -15.6% |
| Amounts payable | 17/49 | €170,988 | €163,158 | -€7,830 | -4.6% |
| Amounts payable after more than one year | 17 | €111,790 | €96,928 | -€14,862 | -13.3% |
| Financial debts | 170/4 | €111,790 | €96,928 | -€14,862 | -13.3% |
| Amounts payable within one year | 42/48 | €59,198 | €66,230 | +€7,032 | +11.9% |
| Current portion of amounts payable after more than one year | 42 | €10,127 | €10,357 | +€229 | +2.3% |
| Trade debts | 44 | €45,700 | €50,181 | +€4,480 | +9.8% |
| Suppliers | 440/4 | €45,700 | €50,181 | +€4,480 | +9.8% |
| Taxes, remuneration and social security | 45 | €2,615 | €4,938 | +€2,322 | +88.8% |
| Taxes | 450/3 | €2,615 | €4,938 | +€2,322 | +88.8% |
| Other amounts payable | 47/48 | €755 | €755 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €146 | €10,201 | +€10,055 | +6894.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,610 | +€2,610 | |
| Other operating charges | 640/8 | €505 | €541 | +€35 | +7.0% |
| Gross operating margin | 9900 | €1,450 | €10,627 | +€9,177 | +632.9% |
| Operating profit (loss) | 9901 | €799 | -€2,725 | -€3,524 | |
| Financial income | 75/76B | - | €297 | +€297 | |
| Recurring financial income | 75 | - | €297 | +€297 | |
| Financial charges | 65/66B | €1,154 | €822 | -€332 | -28.8% |
| Recurring financial charges | 65 | €1,154 | €822 | -€332 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€355 | -€3,251 | -€2,895 | -814.8% |
| Income taxes | 67/77 | €893 | - | -€893 | |
| Profit (loss) for the period | 9904 | -€1,249 | -€3,251 | -€2,002 | -160.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,249 | -€3,251 | -€2,002 | -160.3% |
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.