INDI: 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.
INDI
Largest movements
- Receivables within one year +€56,506
up €56,506 (+431%), from €13,117 to €69,623
of which Trade receivables: +€59,973
- Cash -€7,198
no longer reported in 2024 (was €7,198)
mainly Receivables within one year (-€56,506) and Debts after one year (-€8,530)
- Profit (loss) carried forward +€27,965
up €27,965 (+21.1%), from -€132,254 to -€104,290
- Trade debts +€23,520
up €23,520 (+243%), from €9,683 to €33,203
- Debts after one year -€8,530
down €8,530 (-5.3%), from €160,396 to €151,865
- Tax, wage and social debts +€4,210
new in 2024: €4,210
of which Remuneration and social security: +€3,610
- Short-term financial debts +€1,572
new in 2024: €1,572
- Gross operating margin +€119,510
up €119,510, from -€23,199 to €96,311
- Write-downs +€67,411
new in 2024: €67,411
- Depreciation -€1,384
down €1,384 (-70.7%), from €1,956 to €572
- Financial income -€1,031
no longer reported in 2024 (was €1,031)
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.
Derived cash bridge
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 | €96,924 | €145,660 | +€48,736 | +50.3% |
| Fixed assets | 21/28 | €1,222 | €650 | -€572 | -46.8% |
| Intangible fixed assets | 21 | €215 | - | -€215 | |
| Tangible fixed assets | 22/27 | €1,008 | €650 | -€358 | -35.5% |
| Furniture and vehicles | 24 | €1,008 | €650 | -€358 | -35.5% |
| Current assets | 29/58 | €95,702 | €145,010 | +€49,308 | +51.5% |
| Stocks and contracts in progress | 3 | €75,387 | €75,387 | = | 0.0% |
| Stocks | 30/36 | €75,387 | €75,387 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,117 | €69,623 | +€56,506 | +431% |
| Trade receivables | 40 | €8,235 | €68,208 | +€59,973 | +728% |
| Other amounts receivable | 41 | €4,882 | €1,415 | -€3,466 | -71.0% |
| Cash at bank and in hand | 54/58 | €7,198 | - | -€7,198 | |
| Total equity and liabilities | 10/49 | €96,924 | €145,660 | +€48,736 | +50.3% |
| Equity | 10/15 | -€88,654 | -€60,690 | +€27,965 | +31.5% |
| Contributions | 10/11 | €43,600 | €43,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€132,254 | -€104,290 | +€27,965 | +21.1% |
| Amounts payable | 17/49 | €185,579 | €206,350 | +€20,771 | +11.2% |
| Amounts payable after more than one year | 17 | €160,396 | €151,865 | -€8,530 | -5.3% |
| Financial debts | 170/4 | €160,396 | €151,865 | -€8,530 | -5.3% |
| Amounts payable within one year | 42/48 | €25,183 | €54,485 | +€29,302 | +116% |
| Financial debts | 43 | - | €1,572 | +€1,572 | |
| Credit institutions | 430/8 | - | €1,572 | +€1,572 | |
| Trade debts | 44 | €9,683 | €33,203 | +€23,520 | +243% |
| Suppliers | 440/4 | €9,683 | €33,203 | +€23,520 | +243% |
| Taxes, remuneration and social security | 45 | - | €4,210 | +€4,210 | |
| Taxes | 450/3 | - | €600 | +€600 | |
| Remuneration and social security | 454/9 | - | €3,610 | +€3,610 | |
| Other amounts payable | 47/48 | €15,500 | €15,500 | = | 0.0% |
| Non-recurring operating income | 76A | €5,400 | - | -€5,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,956 | €572 | -€1,384 | -70.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €67,411 | +€67,411 | |
| Other operating charges | 640/8 | €1,184 | €221 | -€963 | -81.3% |
| Gross operating margin | 9900 | -€23,199 | €96,311 | +€119,510 | |
| Operating profit (loss) | 9901 | -€26,339 | €28,107 | +€54,446 | |
| Financial income | 75/76B | €1,031 | - | -€1,031 | |
| Recurring financial income | 75 | €1,031 | - | -€1,031 | |
| Financial charges | 65/66B | €261 | €142 | -€119 | -45.4% |
| Recurring financial charges | 65 | €261 | €142 | -€119 | -45.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,569 | €27,965 | +€53,533 | |
| Income taxes | 67/77 | €160 | - | -€160 | |
| Profit (loss) for the period | 9904 | -€25,729 | €27,965 | +€53,693 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,729 | €27,965 | +€53,693 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.