Indelec: 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.
Indelec
Largest movements
- Cash -€20,824
down €20,824 (-34.6%), from €60,178 to €39,354
mainly Trade debts (-€27,996) and Tax, wage and social debts (-€18,344)
- Trade debts -€27,996
down €27,996 (-41.2%), from €68,001 to €40,005
- Tax, wage and social debts -€18,344
down €18,344 (-56.7%), from €32,368 to €14,024
of which Taxes: -€11,169
- Depreciation -€6,906
down €6,906 (-92.6%), from €7,456 to €550
- Gross operating margin -€6,474
down €6,474 (-11.8%), from €55,029 to €48,555
- Financial charges -€1,737
down €1,737 (-5.7%), from €30,732 to €28,995
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,605,007 | €1,570,193 | -€34,814 | -2.2% |
| Fixed assets | 21/28 | €1,489,304 | €1,488,754 | -€550 | 0.0% |
| Tangible fixed assets | 22/27 | €1,304 | €754 | -€550 | -42.2% |
| Furniture and vehicles | 24 | €1,304 | €754 | -€550 | -42.2% |
| Financial fixed assets | 28 | €1,488,000 | €1,488,000 | = | 0.0% |
| Current assets | 29/58 | €115,703 | €81,439 | -€34,264 | -29.6% |
| Amounts receivable within one year | 40/41 | €53,772 | €40,317 | -€13,455 | -25.0% |
| Trade receivables | 40 | €53,772 | €40,317 | -€13,455 | -25.0% |
| Cash at bank and in hand | 54/58 | €60,178 | €39,354 | -€20,824 | -34.6% |
| Deferred charges and accrued income | 490/1 | €1,753 | €1,768 | +€15 | +0.8% |
| Total equity and liabilities | 10/49 | €1,605,007 | €1,570,193 | -€34,814 | -2.2% |
| Equity | 10/15 | €421,629 | €433,156 | +€11,527 | +2.7% |
| 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 | €248,629 | €260,156 | +€11,527 | +4.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,882 | €2,882 | = | 0.0% |
| Distributable reserves | 133 | €239,548 | €251,074 | +€11,527 | +4.8% |
| Profit (loss) carried forward | 14 | €111,000 | €111,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,183,378 | €1,137,037 | -€46,341 | -3.9% |
| Amounts payable after more than one year | 17 | €800,000 | €800,000 | = | 0.0% |
| Financial debts | 170/4 | €800,000 | €800,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €362,378 | €316,037 | -€46,341 | -12.8% |
| Trade debts | 44 | €68,001 | €40,005 | -€27,996 | -41.2% |
| Suppliers | 440/4 | €68,001 | €40,005 | -€27,996 | -41.2% |
| Taxes, remuneration and social security | 45 | €32,368 | €14,024 | -€18,344 | -56.7% |
| Taxes | 450/3 | €25,193 | €14,024 | -€11,169 | -44.3% |
| Remuneration and social security | 454/9 | €7,175 | €0 | -€7,175 | -100% |
| Other amounts payable | 47/48 | €262,008 | €262,008 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €21,000 | €21,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,456 | €550 | -€6,906 | -92.6% |
| Other operating charges | 640/8 | €1,884 | €2,342 | +€458 | +24.3% |
| Gross operating margin | 9900 | €55,029 | €48,555 | -€6,474 | -11.8% |
| Operating profit (loss) | 9901 | €45,689 | €45,663 | -€26 | -0.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €30,732 | €28,995 | -€1,737 | -5.7% |
| Recurring financial charges | 65 | €30,732 | €28,995 | -€1,737 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €14,957 | €16,669 | +€1,711 | +11.4% |
| Income taxes | 67/77 | €4,655 | €5,142 | +€487 | +10.5% |
| Profit (loss) for the period | 9904 | €10,302 | €11,527 | +€1,224 | +11.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,302 | €11,527 | +€1,224 | +11.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.