INDEV: what changed
Two fiscal 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.
INDEV
Largest movements
- Receivables within one year -€39,096
down €39,096 (-61.1%), from €63,937 to €24,841
of which Trade receivables: -€37,546
- Tangible fixed assets +€29,111
up €29,111 (+24463.3%), from €119 to €29,230
- Cash -€2,285
down €2,285 (-29.6%), from €7,713 to €5,428
mainly Other debts (-€41,449) and Investment in fixed assets (net) (-€32,190)
- Other debts -€41,449
down €41,449 (-99.7%), from €41,560 to €111
- Debts after one year +€16,806
new in 2024: €16,806
- Current portion of long-term debt +€7,135
new in 2024: €7,135
- Profit (loss) carried forward +€3,441
up €3,441 (+19.6%), from -€17,559 to -€14,118
- Trade debts +€2,386
up €2,386 (+30.7%), from €7,773 to €10,159
- Turnover -€120,360
no longer reported in 2024 (was €120,360)
- Purchases and services -€115,906
no longer reported in 2024 (was €115,906)
- Gross operating margin +€7,879
up €7,879 (+176.9%), from €4,454 to €12,333
- Other operating charges +€3,592
up €3,592 (+676.5%), from €531 to €4,123
- Depreciation +€3,078
new in 2024: €3,078
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €72,172 | €59,901 | -€12,271 | -17.0% |
| Fixed assets | 21/28 | €169 | €29,280 | +€29,111 | +17225.6% |
| Tangible fixed assets | 22/27 | €119 | €29,230 | +€29,111 | +24463.3% |
| Furniture and vehicles | 24 | €119 | €29,230 | +€29,111 | +24463.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €72,003 | €30,621 | -€41,382 | -57.5% |
| Amounts receivable within one year | 40/41 | €63,937 | €24,841 | -€39,096 | -61.1% |
| Trade receivables | 40 | €62,387 | €24,841 | -€37,546 | -60.2% |
| Other amounts receivable | 41 | €1,550 | - | -€1,550 | |
| Cash at bank and in hand | 54/58 | €7,713 | €5,428 | -€2,285 | -29.6% |
| Deferred charges and accrued income | 490/1 | €353 | €353 | -€0 | -0.1% |
| Total equity and liabilities | 10/49 | €72,172 | €59,901 | -€12,271 | -17.0% |
| Equity | 10/15 | -€12,704 | -€9,263 | +€3,441 | +27.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Legal reserve | 130 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,559 | -€14,118 | +€3,441 | +19.6% |
| Amounts payable | 17/49 | €84,876 | €69,165 | -€15,711 | -18.5% |
| Amounts payable after more than one year | 17 | - | €16,806 | +€16,806 | |
| Financial debts | 170/4 | - | €16,806 | +€16,806 | |
| Amounts payable within one year | 42/48 | €52,876 | €20,359 | -€32,517 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,135 | +€7,135 | |
| Trade debts | 44 | €7,773 | €10,159 | +€2,386 | +30.7% |
| Suppliers | 440/4 | €7,773 | €10,159 | +€2,386 | +30.7% |
| Taxes, remuneration and social security | 45 | €3,543 | €2,953 | -€590 | -16.6% |
| Taxes | 450/3 | €2,386 | €2,953 | +€567 | +23.8% |
| Remuneration and social security | 454/9 | €1,157 | - | -€1,157 | |
| Other amounts payable | 47/48 | €41,560 | €111 | -€41,449 | -99.7% |
| Accrued charges and deferred income | 492/3 | €32,000 | €32,000 | = | 0.0% |
| Turnover | 70 | €120,360 | - | -€120,360 | |
| Goods, raw materials, services and sundry goods | 60/61 | €115,906 | - | -€115,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,078 | +€3,078 | |
| Other operating charges | 640/8 | €531 | €4,123 | +€3,592 | +676.5% |
| Gross operating margin | 9900 | €4,454 | €12,333 | +€7,879 | +176.9% |
| Operating profit (loss) | 9901 | €3,923 | €5,132 | +€1,209 | +30.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €622 | -€308 | -€930 | |
| Recurring financial charges | 65 | €622 | -€308 | -€930 | |
| Profit (loss) for the period before taxes | 9903 | €3,301 | €5,441 | +€2,140 | +64.8% |
| Income taxes | 67/77 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) for the period | 9904 | €1,301 | €3,441 | +€2,140 | +164.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,301 | €3,441 | +€2,140 | +164.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.