INDDIS: 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.
INDDIS
Largest movements
- Tangible fixed assets +€149,227
up €149,227 (+371.4%), from €40,183 to €189,410
of which Land and buildings: +€154,506
- Receivables within one year -€57,049
down €57,049 (-48.0%), from €118,737 to €61,688
of which Other amounts receivable: -€42,440
- Cash +€33,075
up €33,075 (+209.7%), from €15,770 to €48,844
mainly Debts after one year (+€141,710) and Receivables within one year (+€57,049)
- Deferred charges and accrued income -€18,110
down €18,110 (-84.9%), from €21,330 to €3,220
- Debts after one year +€141,710
up €141,710 (+5039.6%), from €2,812 to €144,522
- Reserves -€23,000
down €23,000 (-27.4%), from €83,860 to €60,860
- Tax, wage and social debts -€5,812
down €5,812 (-37.3%), from €15,603 to €9,790
of which Taxes: -€6,102
- Current portion of long-term debt -€5,041
down €5,041 (-31.7%), from €15,883 to €10,842
- Other operating charges +€19,618
up €19,618 (+17351.8%), from €113 to €19,731
- Gross operating margin +€11,652
up €11,652 (+18.9%), from €61,661 to €73,313
- Depreciation +€5,528
up €5,528 (+46.5%), from €11,877 to €17,405
- Staff costs -€5,280
down €5,280 (-17.2%), from €30,613 to €25,334
- Financial charges +€3,592
up €3,592 (+167.6%), from €2,143 to €5,735
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,769 | €309,912 | +€107,144 | +52.8% |
| Fixed assets | 21/28 | €46,933 | €196,160 | +€149,227 | +318.0% |
| Tangible fixed assets | 22/27 | €40,183 | €189,410 | +€149,227 | +371.4% |
| Land and buildings | 22 | €21,777 | €176,283 | +€154,506 | +709.5% |
| Plant, machinery and equipment | 23 | €7,617 | €5,205 | -€2,412 | -31.7% |
| Furniture and vehicles | 24 | €10,789 | €7,922 | -€2,867 | -26.6% |
| Financial fixed assets | 28 | €6,750 | €6,750 | = | 0.0% |
| Current assets | 29/58 | €155,836 | €113,752 | -€42,084 | -27.0% |
| Amounts receivable within one year | 40/41 | €118,737 | €61,688 | -€57,049 | -48.0% |
| Trade receivables | 40 | €65,890 | €51,281 | -€14,609 | -22.2% |
| Other amounts receivable | 41 | €52,847 | €10,407 | -€42,440 | -80.3% |
| Cash at bank and in hand | 54/58 | €15,770 | €48,844 | +€33,075 | +209.7% |
| Deferred charges and accrued income | 490/1 | €21,330 | €3,220 | -€18,110 | -84.9% |
| Total equity and liabilities | 10/49 | €202,769 | €309,912 | +€107,144 | +52.8% |
| Equity | 10/15 | €104,605 | €84,610 | -€19,995 | -19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €83,860 | €60,860 | -€23,000 | -27.4% |
| Distributable reserves | 133 | €83,860 | €60,860 | -€23,000 | -27.4% |
| Profit (loss) carried forward | 14 | €2,145 | €5,150 | +€3,005 | +140.1% |
| Amounts payable | 17/49 | €98,164 | €225,302 | +€127,139 | +129.5% |
| Amounts payable after more than one year | 17 | €2,812 | €144,522 | +€141,710 | +5039.6% |
| Financial debts | 170/4 | €2,812 | €144,522 | +€141,710 | +5039.6% |
| Amounts payable within one year | 42/48 | €95,352 | €80,781 | -€14,571 | -15.3% |
| Current portion of amounts payable after more than one year | 42 | €15,883 | €10,842 | -€5,041 | -31.7% |
| Trade debts | 44 | €28,519 | €27,148 | -€1,371 | -4.8% |
| Suppliers | 440/4 | €28,519 | €27,148 | -€1,371 | -4.8% |
| Taxes, remuneration and social security | 45 | €15,603 | €9,790 | -€5,812 | -37.3% |
| Taxes | 450/3 | €12,790 | €6,689 | -€6,102 | -47.7% |
| Remuneration and social security | 454/9 | €2,812 | €3,101 | +€289 | +10.3% |
| Other amounts payable | 47/48 | €35,347 | €33,000 | -€2,347 | -6.6% |
| Non-recurring operating income | 76A | €7,901 | €0 | -€7,901 | -100.0% |
| Remuneration, social security and pensions | 62 | €30,613 | €25,334 | -€5,280 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,877 | €17,405 | +€5,528 | +46.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€696 | €0 | +€696 | |
| Other operating charges | 640/8 | €113 | €19,731 | +€19,618 | +17351.8% |
| Gross operating margin | 9900 | €61,661 | €73,313 | +€11,652 | +18.9% |
| Operating profit (loss) | 9901 | €19,753 | €10,843 | -€8,910 | -45.1% |
| Financial income | 75/76B | €15,793 | €14,705 | -€1,087 | -6.9% |
| Recurring financial income | 75 | €15,793 | €14,705 | -€1,087 | -6.9% |
| Financial charges | 65/66B | €2,143 | €5,735 | +€3,592 | +167.6% |
| Recurring financial charges | 65 | €2,143 | €5,735 | +€3,592 | +167.6% |
| Profit (loss) for the period before taxes | 9903 | €33,403 | €19,813 | -€13,590 | -40.7% |
| Income taxes | 67/77 | €4,952 | €6,808 | +€1,856 | +37.5% |
| Profit (loss) for the period | 9904 | €28,451 | €13,005 | -€15,446 | -54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,451 | €13,005 | -€15,446 | -54.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.