Indeed IT: 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.
Indeed IT
Largest movements
- Receivables within one year +€19,331
up €19,331 (+33.5%), from €57,767 to €77,098
of which Trade receivables: +€14,248
- Tangible fixed assets -€10,672
down €10,672 (-2.6%), from €404,670 to €393,998
of which Land and buildings: -€10,115
- Cash -€9,932
down €9,932 (-39.7%), from €25,008 to €15,076
mainly Receivables within one year (-€19,331) and Tax, wage and social debts (-€15,466)
- Profit (loss) carried forward +€38,485
up €38,485 (+38.6%), from €99,628 to €138,113
- Tax, wage and social debts -€15,466
down €15,466 (-42.9%), from €36,037 to €20,571
- Debts after one year -€14,009
down €14,009 (-4.5%), from €308,591 to €294,582
- Trade debts -€10,726
down €10,726 (-72.1%), from €14,883 to €4,158
- Gross operating margin +€10,104
up €10,104 (+14.9%), from €68,026 to €78,129
- Taxes +€1,559
up €1,559 (+15.1%), from €10,345 to €11,904
- Other operating charges +€1,374
up €1,374 (+130.0%), from €1,057 to €2,430
- Financial charges -€1,187
down €1,187 (-7.5%), from €15,826 to €14,639
of which Financial charges: -€1,020
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 | €487,645 | €486,398 | -€1,247 | -0.3% |
| Fixed assets | 21/28 | €404,870 | €394,198 | -€10,672 | -2.6% |
| Tangible fixed assets | 22/27 | €404,670 | €393,998 | -€10,672 | -2.6% |
| Land and buildings | 22 | €403,420 | €393,305 | -€10,115 | -2.5% |
| Plant, machinery and equipment | 23 | €1,249 | €693 | -€556 | -44.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €82,775 | €92,200 | +€9,424 | +11.4% |
| Amounts receivable within one year | 40/41 | €57,767 | €77,098 | +€19,331 | +33.5% |
| Trade receivables | 40 | €9,004 | €23,251 | +€14,248 | +158.2% |
| Other amounts receivable | 41 | €48,764 | €53,847 | +€5,083 | +10.4% |
| Cash at bank and in hand | 54/58 | €25,008 | €15,076 | -€9,932 | -39.7% |
| Deferred charges and accrued income | 490/1 | - | €25 | +€25 | |
| Total equity and liabilities | 10/49 | €487,645 | €486,398 | -€1,247 | -0.3% |
| Equity | 10/15 | €114,592 | €153,078 | +€38,485 | +33.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €11,964 | €11,964 | = | 0.0% |
| Distributable reserves | 133 | €11,964 | €11,964 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,628 | €138,113 | +€38,485 | +38.6% |
| Amounts payable | 17/49 | €373,053 | €333,320 | -€39,733 | -10.7% |
| Amounts payable after more than one year | 17 | €308,591 | €294,582 | -€14,009 | -4.5% |
| Financial debts | 170/4 | €308,591 | €294,582 | -€14,009 | -4.5% |
| Amounts payable within one year | 42/48 | €64,462 | €38,738 | -€25,724 | -39.9% |
| Current portion of amounts payable after more than one year | 42 | €13,542 | €14,009 | +€467 | +3.4% |
| Trade debts | 44 | €14,883 | €4,158 | -€10,726 | -72.1% |
| Suppliers | 440/4 | €14,883 | €4,158 | -€10,726 | -72.1% |
| Taxes, remuneration and social security | 45 | €36,037 | €20,571 | -€15,466 | -42.9% |
| Taxes | 450/3 | €36,037 | €20,571 | -€15,466 | -42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,031 | €10,672 | -€360 | -3.3% |
| Other operating charges | 640/8 | €1,057 | €2,430 | +€1,374 | +130.0% |
| Gross operating margin | 9900 | €68,026 | €78,129 | +€10,104 | +14.9% |
| Operating profit (loss) | 9901 | €55,938 | €65,028 | +€9,090 | +16.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €15,826 | €14,639 | -€1,187 | -7.5% |
| Recurring financial charges | 65 | €15,651 | €14,631 | -€1,020 | -6.5% |
| Non-recurring financial charges | 66B | €175 | €8 | -€167 | -95.4% |
| Profit (loss) for the period before taxes | 9903 | €40,112 | €50,389 | +€10,277 | +25.6% |
| Income taxes | 67/77 | €10,345 | €11,904 | +€1,559 | +15.1% |
| Profit (loss) for the period | 9904 | €29,767 | €38,485 | +€8,718 | +29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,767 | €38,485 | +€8,718 | +29.3% |
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 10 October 2026 via checked.be.