INDELEBILIS: 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.
INDELEBILIS
Largest movements
- Cash +€43,791
up €43,791 (+99.2%), from €44,130 to €87,921
mainly Other debts (+€28,099) and Receivables within one year (+€22,253)
- Tangible fixed assets +€32,405
up €32,405 (+35.9%), from €90,309 to €122,714
of which Land and buildings: +€28,881
- Receivables within one year -€22,253
down €22,253 (-64.0%), from €34,750 to €12,496
of which Other amounts receivable: -€26,315
- Receivables after one year -€21,400
no longer reported in 2025 (was €21,400)
- Other debts +€28,099
up €28,099 (+238.9%), from €11,762 to €39,860
- Debts after one year -€10,765
down €10,765 (-17.2%), from €62,605 to €51,840
- Tax, wage and social debts +€9,440
up €9,440 (+102.9%), from €9,177 to €18,617
- Reserves +€5,092
up €5,092 (+6.1%), from €84,054 to €89,145
of which Distributable reserves: +€5,092
- Gross operating margin -€7,102
down €7,102 (-18.9%), from €37,629 to €30,527
- Taxes -€6,824
down €6,824 (-75.6%), from €9,032 to €2,208
- Financial charges -€2,155
down €2,155 (-48.5%), from €4,446 to €2,290
- Financial income -€595
down €595 (-100.0%), from €595 to €0
- Depreciation +€580
up €580 (+8.3%), from €7,018 to €7,599
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 | €191,484 | €223,585 | +€32,101 | +16.8% |
| Fixed assets | 21/28 | €90,763 | €123,168 | +€32,405 | +35.7% |
| Tangible fixed assets | 22/27 | €90,309 | €122,714 | +€32,405 | +35.9% |
| Land and buildings | 22 | €90,300 | €119,181 | +€28,881 | +32.0% |
| Plant, machinery and equipment | 23 | €0 | - | -€0 | |
| Furniture and vehicles | 24 | €9 | €3,532 | +€3,524 | +39949.5% |
| Financial fixed assets | 28 | €454 | €454 | = | 0.0% |
| Current assets | 29/58 | €100,721 | €100,417 | -€304 | -0.3% |
| Amounts receivable after more than one year | 29 | €21,400 | - | -€21,400 | |
| Other amounts receivable | 291 | €21,400 | - | -€21,400 | |
| Amounts receivable within one year | 40/41 | €34,750 | €12,496 | -€22,253 | -64.0% |
| Trade receivables | 40 | €8,115 | €12,176 | +€4,062 | +50.1% |
| Other amounts receivable | 41 | €26,635 | €320 | -€26,315 | -98.8% |
| Cash at bank and in hand | 54/58 | €44,130 | €87,921 | +€43,791 | +99.2% |
| Deferred charges and accrued income | 490/1 | €442 | - | -€442 | |
| Total equity and liabilities | 10/49 | €191,484 | €223,585 | +€32,101 | +16.8% |
| Equity | 10/15 | €96,454 | €101,545 | +€5,092 | +5.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €84,054 | €89,145 | +€5,092 | +6.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €82,194 | €87,285 | +€5,092 | +6.2% |
| Amounts payable | 17/49 | €95,031 | €122,040 | +€27,009 | +28.4% |
| Amounts payable after more than one year | 17 | €62,605 | €51,840 | -€10,765 | -17.2% |
| Financial debts | 170/4 | €62,605 | €51,840 | -€10,765 | -17.2% |
| Amounts payable within one year | 42/48 | €32,426 | €70,200 | +€37,773 | +116.5% |
| Current portion of amounts payable after more than one year | 42 | €10,586 | €10,765 | +€179 | +1.7% |
| Trade debts | 44 | €902 | €958 | +€56 | +6.2% |
| Suppliers | 440/4 | €902 | €958 | +€56 | +6.2% |
| Taxes, remuneration and social security | 45 | €9,177 | €18,617 | +€9,440 | +102.9% |
| Taxes | 450/3 | €9,177 | €18,617 | +€9,440 | +102.9% |
| Other amounts payable | 47/48 | €11,762 | €39,860 | +€28,099 | +238.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,018 | €7,599 | +€580 | +8.3% |
| Other operating charges | 640/8 | €181 | €149 | -€32 | -17.9% |
| Non-recurring operating charges | 66A | - | €13,190 | +€13,190 | |
| Gross operating margin | 9900 | €37,629 | €30,527 | -€7,102 | -18.9% |
| Operating profit (loss) | 9901 | €30,430 | €9,590 | -€20,840 | -68.5% |
| Financial income | 75/76B | €595 | €0 | -€595 | -100.0% |
| Recurring financial income | 75 | €595 | €0 | -€595 | -100.0% |
| Financial charges | 65/66B | €4,446 | €2,290 | -€2,155 | -48.5% |
| Recurring financial charges | 65 | €4,446 | €2,290 | -€2,155 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €26,579 | €7,299 | -€19,280 | -72.5% |
| Income taxes | 67/77 | €9,032 | €2,208 | -€6,824 | -75.6% |
| Profit (loss) for the period | 9904 | €17,548 | €5,092 | -€12,456 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,548 | €5,092 | -€12,456 | -71.0% |
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.