Indecs Consulting (EU): 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.
Indecs Consulting (EU)
Largest movements
- Cash -€104,585
down €104,585 (-32.0%), from €326,575 to €221,990
mainly Trade debts (-€261,709) and Deferred charges and accrued income (-€1,011)
- Receivables within one year -€75,150
down €75,150 (-14.5%), from €518,401 to €443,251
of which Trade receivables: -€75,123
- Trade debts -€261,709
down €261,709 (-36.6%), from €716,029 to €454,319
- Reserves +€71,626
up €71,626 (+136%), from €52,717 to €124,343
of which Distributable reserves: +€71,626
- Tax, wage and social debts +€11,359
up €11,359 (+79.5%), from €14,285 to €25,644
- Gross operating margin +€45,618
up €45,618 (+88.0%), from €51,818 to €97,435
- Taxes +€10,180
up €10,180 (+71.3%), from €14,285 to €24,465
- Financial income -€2,591
no longer reported in 2026 (was €2,591)
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 | €845,031 | €666,306 | -€178,724 | -21.2% |
| Current assets | 29/58 | €845,031 | €666,306 | -€178,724 | -21.2% |
| Amounts receivable within one year | 40/41 | €518,401 | €443,251 | -€75,150 | -14.5% |
| Trade receivables | 40 | €518,152 | €443,028 | -€75,123 | -14.5% |
| Other amounts receivable | 41 | €249 | €222 | -€27 | -10.7% |
| Cash at bank and in hand | 54/58 | €326,575 | €221,990 | -€104,585 | -32.0% |
| Deferred charges and accrued income | 490/1 | €55 | €1,066 | +€1,011 | +1,838% |
| Total equity and liabilities | 10/49 | €845,031 | €666,306 | -€178,724 | -21.2% |
| Equity | 10/15 | €114,717 | €186,343 | +€71,626 | +62.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €52,717 | €124,343 | +€71,626 | +136% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €46,517 | €118,143 | +€71,626 | +154% |
| Amounts payable | 17/49 | €730,313 | €479,964 | -€250,350 | -34.3% |
| Amounts payable within one year | 42/48 | €730,313 | €479,964 | -€250,350 | -34.3% |
| Trade debts | 44 | €716,029 | €454,319 | -€261,709 | -36.6% |
| Suppliers | 440/4 | €716,029 | €454,319 | -€261,709 | -36.6% |
| Taxes, remuneration and social security | 45 | €14,285 | €25,644 | +€11,359 | +79.5% |
| Taxes | 450/3 | €14,285 | €25,644 | +€11,359 | +79.5% |
| Other operating charges | 640/8 | €475 | €489 | +€14 | +3.0% |
| Gross operating margin | 9900 | €51,818 | €97,435 | +€45,618 | +88.0% |
| Operating profit (loss) | 9901 | €51,342 | €96,946 | +€45,604 | +88.8% |
| Financial income | 75/76B | €2,591 | - | -€2,591 | |
| Recurring financial income | 75 | €2,591 | - | -€2,591 | |
| Financial charges | 65/66B | €1,513 | €856 | -€657 | -43.4% |
| Recurring financial charges | 65 | €1,513 | €856 | -€657 | -43.4% |
| Profit (loss) for the period before taxes | 9903 | €52,420 | €96,090 | +€43,670 | +83.3% |
| Income taxes | 67/77 | €14,285 | €24,465 | +€10,180 | +71.3% |
| Profit (loss) for the period | 9904 | €38,136 | €71,626 | +€33,490 | +87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,136 | €71,626 | +€33,490 | +87.8% |
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.