INDESTEEGE: 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.
INDESTEEGE
Largest movements
- Cash +€17,996
up €17,996 (+26.3%), from €68,454 to €86,450
mainly Net result for the year (+€17,689) and Depreciation (+€10,495)
- Tangible fixed assets -€10,495
down €10,495 (-42.0%), from €24,971 to €14,476
of which Other tangible fixed assets: -€8,473
- Stocks and contracts +€4,488
up €4,488 (+3.2%), from €139,950 to €144,438
- Reserves +€17,689
up €17,689 (+22.2%), from €79,615 to €97,304
of which Distributable reserves: +€17,689
- Trade debts -€5,557
down €5,557 (-18.2%), from €30,479 to €24,922
- Other debts -€3,365
down €3,365 (-55.6%), from €6,050 to €2,685
- Accrued charges and deferred income +€2,846
up €2,846 (+142%), from €2,000 to €4,846
- Taxes +€3,274
up €3,274 (+151%), from €2,170 to €5,444
- Staff costs -€862
down €862 (-3.1%), from €28,209 to €27,348
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 | €235,818 | €247,295 | +€11,477 | +4.9% |
| Fixed assets | 21/28 | €25,231 | €14,736 | -€10,495 | -41.6% |
| Tangible fixed assets | 22/27 | €24,971 | €14,476 | -€10,495 | -42.0% |
| Plant, machinery and equipment | 23 | €63 | €0 | -€63 | -100% |
| Furniture and vehicles | 24 | €1,960 | €0 | -€1,960 | -100% |
| Other tangible fixed assets | 26 | €22,949 | €14,476 | -€8,473 | -36.9% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €210,587 | €232,559 | +€21,972 | +10.4% |
| Stocks and contracts in progress | 3 | €139,950 | €144,438 | +€4,488 | +3.2% |
| Stocks | 30/36 | €139,950 | €144,438 | +€4,488 | +3.2% |
| Amounts receivable within one year | 40/41 | €1,293 | €773 | -€521 | -40.3% |
| Other amounts receivable | 41 | €1,293 | €773 | -€521 | -40.3% |
| Cash at bank and in hand | 54/58 | €68,454 | €86,450 | +€17,996 | +26.3% |
| Deferred charges and accrued income | 490/1 | €891 | €898 | +€8 | +0.9% |
| Total equity and liabilities | 10/49 | €235,818 | €247,295 | +€11,477 | +4.9% |
| Equity | 10/15 | €99,615 | €117,304 | +€17,689 | +17.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €79,615 | €97,304 | +€17,689 | +22.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €64,615 | €82,304 | +€17,689 | +27.4% |
| Amounts payable | 17/49 | €136,204 | €129,991 | -€6,213 | -4.6% |
| Amounts payable after more than one year | 17 | €80,000 | €80,000 | = | 0.0% |
| Financial debts | 170/4 | €80,000 | €80,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,204 | €45,145 | -€9,058 | -16.7% |
| Trade debts | 44 | €30,479 | €24,922 | -€5,557 | -18.2% |
| Suppliers | 440/4 | €30,479 | €24,922 | -€5,557 | -18.2% |
| Taxes, remuneration and social security | 45 | €17,674 | €17,538 | -€137 | -0.8% |
| Taxes | 450/3 | €11,461 | €11,017 | -€444 | -3.9% |
| Remuneration and social security | 454/9 | €6,214 | €6,521 | +€307 | +4.9% |
| Other amounts payable | 47/48 | €6,050 | €2,685 | -€3,365 | -55.6% |
| Accrued charges and deferred income | 492/3 | €2,000 | €4,846 | +€2,846 | +142% |
| Remuneration, social security and pensions | 62 | €28,209 | €27,348 | -€862 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,155 | €10,495 | -€660 | -5.9% |
| Other operating charges | 640/8 | €1,958 | €1,844 | -€115 | -5.9% |
| Gross operating margin | 9900 | €69,407 | €68,771 | -€636 | -0.9% |
| Operating profit (loss) | 9901 | €28,084 | €29,085 | +€1,001 | +3.6% |
| Financial income | 75/76B | €51 | €568 | +€517 | +1,020% |
| Recurring financial income | 75 | €51 | €568 | +€517 | +1,020% |
| Financial charges | 65/66B | €6,730 | €6,519 | -€211 | -3.1% |
| Recurring financial charges | 65 | €6,730 | €6,519 | -€211 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €21,404 | €23,133 | +€1,729 | +8.1% |
| Income taxes | 67/77 | €2,170 | €5,444 | +€3,274 | +151% |
| Profit (loss) for the period | 9904 | €19,234 | €17,689 | -€1,545 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,234 | €17,689 | -€1,545 | -8.0% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.