Indecobat: 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.
What changed
Indecobat
NACE 43.341, Painting of buildings
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€325,192
2024 · €449,709-€124,517
Equity
€316,119
2024 · €315,927+€192
Cash
€780
2024 · €500+€280
Balance sheet total
€1.4m
2024 · €1.3m+€144,842
Largest movements
Assets
- Current investments +€423,944
up €423,944 (+63.3%), from €669,337 to €1.1m
- Receivables within one year -€278,081
down €278,081 (-51.7%), from €538,030 to €259,949
of which Trade receivables: -€210,644
Equity and liabilities
- Trade debts +€261,423
up €261,423 (+118%), from €221,877 to €483,299
- Other debts -€120,472
down €120,472 (-26.7%), from €451,948 to €331,476
Income statement
- Turnover -€74,147
down €74,147 (-3.3%), from €2.2m to €2.1m
- Staff costs +€55,243
up €55,243 (+4.0%), from €1.4m to €1.4m
- Services and other goods +€42,673
up €42,673 (+17.8%), from €239,242 to €281,915
- Taxes -€41,016
down €41,016 (-26.7%), from €153,785 to €112,769
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.
Result 2024
€449,709
Turnover
-€74,147
Other operating income
+€8,873
Goods and materials
+€28
Services and other goods
-€42,673
Staff costs
-€55,243
Provisions
-€487
Other operating items
+€413
Financial income
-€2,373
Financial charges
+€76
Taxes
+€41,016
Result 2025
€325,192
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€749,224
Investment
-€423,944
Financing
-€325,000
Cash 2024
€500
From operations (derived)
+€749,224
Net result for the year
+€325,192
Smaller working-capital items
-€377
Receivables within one year
+€278,081
Deferred charges and accrued income
+€1,326
Provisions
+€4,051
Trade debts
+€261,423
Other debts
-€120,472
Investment (derived)
-€423,944
Current investments
-€423,944
Financing
-€325,000
Contributions, distributions and other
-€325,000
Cash 2025
€780
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,291,019 | €1,435,861 | +€144,842 | +11.2% |
| Fixed assets | 21/28 | €73,900 | €73,900 | = | 0.0% |
| Financial fixed assets | 28 | €73,900 | €73,900 | = | 0.0% |
| Other financial fixed assets | 284/8 | €73,900 | €73,900 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €73,900 | €73,900 | = | 0.0% |
| Current assets | 29/58 | €1,217,119 | €1,361,961 | +€144,842 | +11.9% |
| Amounts receivable after more than one year | 29 | €5,052 | €5,077 | +€25 | +0.5% |
| Other amounts receivable | 291 | €5,052 | €5,077 | +€25 | +0.5% |
| Amounts receivable within one year | 40/41 | €538,030 | €259,949 | -€278,081 | -51.7% |
| Trade receivables | 40 | €440,745 | €230,101 | -€210,644 | -47.8% |
| Other amounts receivable | 41 | €97,284 | €29,848 | -€67,437 | -69.3% |
| Current investments | 50/53 | €669,337 | €1,093,281 | +€423,944 | +63.3% |
| Other investments | 51/53 | €669,337 | €1,093,281 | +€423,944 | +63.3% |
| Cash at bank and in hand | 54/58 | €500 | €780 | +€280 | +55.9% |
| Deferred charges and accrued income | 490/1 | €4,200 | €2,874 | -€1,326 | -31.6% |
| Total equity and liabilities | 10/49 | €1,291,019 | €1,435,861 | +€144,842 | +11.2% |
| Equity | 10/15 | €315,927 | €316,119 | +€192 | +0.1% |
| Contributions | 10/11 | €106,594 | €106,594 | = | 0.0% |
| Capital | 10 | €106,594 | €106,594 | = | 0.0% |
| Issued capital | 100 | €106,594 | €106,594 | = | 0.0% |
| Reserves | 13 | €20,456 | €20,456 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,659 | €10,659 | = | 0.0% |
| Legal reserve | 130 | €10,659 | €10,659 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,797 | €9,797 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,877 | €189,069 | +€192 | +0.1% |
| Provisions and deferred taxes | 16 | €169,076 | €173,127 | +€4,051 | +2.4% |
| Provisions for liabilities and charges | 160/5 | €169,076 | €173,127 | +€4,051 | +2.4% |
| Pensions and similar obligations | 160 | €146,152 | €146,152 | = | 0.0% |
| Other liabilities and charges | 164/5 | €22,925 | €26,976 | +€4,051 | +17.7% |
| Amounts payable | 17/49 | €806,016 | €946,615 | +€140,599 | +17.4% |
| Amounts payable within one year | 42/48 | €805,790 | €946,615 | +€140,825 | +17.5% |
| Trade debts | 44 | €221,877 | €483,299 | +€261,423 | +118% |
| Suppliers | 440/4 | €221,877 | €483,299 | +€261,423 | +118% |
| Taxes, remuneration and social security | 45 | €131,965 | €131,839 | -€126 | -0.1% |
| Taxes | 450/3 | €35,096 | €39,677 | +€4,580 | +13.1% |
| Remuneration and social security | 454/9 | €96,869 | €92,163 | -€4,706 | -4.9% |
| Other amounts payable | 47/48 | €451,948 | €331,476 | -€120,472 | -26.7% |
| Accrued charges and deferred income | 492/3 | €226 | - | -€226 | |
| Operating income | 70/76A | €2,226,684 | €2,161,823 | -€64,861 | -2.9% |
| Turnover | 70 | €2,216,673 | €2,142,525 | -€74,147 | -3.3% |
| Other operating income | 74 | €10,011 | €18,884 | +€8,873 | +88.6% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Operating charges | 60/66A | €1,633,406 | €1,731,782 | +€98,376 | +6.0% |
| Goods for resale, raw materials and consumables | 60 | €28 | - | -€28 | |
| Purchases | 600/8 | €28 | - | -€28 | |
| Services and other goods | 61 | €239,242 | €281,915 | +€42,673 | +17.8% |
| Remuneration, social security and pensions | 62 | €1,390,573 | €1,445,816 | +€55,243 | +4.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €3,564 | €4,051 | +€487 | +13.7% |
| Operating profit (loss) | 9901 | €593,278 | €430,041 | -€163,237 | -27.5% |
| Financial income | 75/76B | €11,493 | €9,120 | -€2,373 | -20.6% |
| Recurring financial income | 75 | €11,493 | €9,120 | -€2,373 | -20.6% |
| Income from current assets | 751 | €11,493 | €9,120 | -€2,373 | -20.6% |
| Financial charges | 65/66B | €1,277 | €1,200 | -€76 | -6.0% |
| Recurring financial charges | 65 | €1,277 | €1,200 | -€76 | -6.0% |
| Other financial charges | 652/9 | €1,277 | €1,200 | -€76 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €603,494 | €437,961 | -€165,533 | -27.4% |
| Income taxes | 67/77 | €153,785 | €112,769 | -€41,016 | -26.7% |
| Taxes | 670/3 | €153,785 | €112,769 | -€41,016 | -26.7% |
| Profit (loss) for the period | 9904 | €449,709 | €325,192 | -€124,517 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €449,709 | €325,192 | -€124,517 | -27.7% |
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 14 October 2026 via checked.be.