INDI BEACH: 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 BEACH
Largest movements
- Cash +€367,243
up €367,243 (+271%), from €135,578 to €502,821
mainly Current investments (+€200,000) and Net result for the year (+€187,337)
- Current investments -€200,000
down €200,000 (-100%), from €200,000 to €0
- Intangible fixed assets -€26,000
down €26,000 (-19.0%), from €136,500 to €110,500
- Receivables within one year -€10,893
down €10,893 (-37.5%), from €29,033 to €18,140
of which Trade receivables: -€22,451
- Tangible fixed assets -€8,264
down €8,264 (-5.1%), from €162,815 to €154,551
of which Plant, machinery and equipment: -€11,859
- Reserves +€187,337
up €187,337 (+50.4%), from €371,719 to €559,056
- Trade debts +€76,080
up €76,080 (+867%), from €8,775 to €84,855
- Debts after one year -€65,026
down €65,026 (-86.7%), from €75,007 to €9,982
- Other debts -€34,643
down €34,643 (-58.6%), from €59,113 to €24,470
- Tax, wage and social debts -€27,078
down €27,078 (-54.4%), from €49,749 to €22,671
of which Taxes: -€25,699
- Gross operating margin +€76,949
up €76,949 (+14.7%), from €522,539 to €599,488
- Staff costs +€56,186
up €56,186 (+41.0%), from €136,912 to €193,098
- Depreciation -€19,099
down €19,099 (-18.0%), from €106,260 to €87,161
- Taxes +€12,709
up €12,709 (+17.8%), from €71,406 to €84,114
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 | €666,855 | €789,059 | +€122,204 | +18.3% |
| Fixed assets | 21/28 | €299,315 | €265,051 | -€34,264 | -11.4% |
| Intangible fixed assets | 21 | €136,500 | €110,500 | -€26,000 | -19.0% |
| Tangible fixed assets | 22/27 | €162,815 | €154,551 | -€8,264 | -5.1% |
| Plant, machinery and equipment | 23 | €142,236 | €130,377 | -€11,859 | -8.3% |
| Furniture and vehicles | 24 | €20,579 | €24,174 | +€3,595 | +17.5% |
| Current assets | 29/58 | €367,540 | €524,008 | +€156,468 | +42.6% |
| Amounts receivable within one year | 40/41 | €29,033 | €18,140 | -€10,893 | -37.5% |
| Trade receivables | 40 | €23,661 | €1,210 | -€22,451 | -94.9% |
| Other amounts receivable | 41 | €5,373 | €16,930 | +€11,557 | +215% |
| Current investments | 50/53 | €200,000 | €0 | -€200,000 | -100% |
| Cash at bank and in hand | 54/58 | €135,578 | €502,821 | +€367,243 | +271% |
| Deferred charges and accrued income | 490/1 | €2,929 | €3,048 | +€118 | +4.0% |
| Total equity and liabilities | 10/49 | €666,855 | €789,059 | +€122,204 | +18.3% |
| Equity | 10/15 | €391,719 | €579,056 | +€187,337 | +47.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €371,719 | €559,056 | +€187,337 | +50.4% |
| Distributable reserves | 133 | €371,719 | €559,056 | +€187,337 | +50.4% |
| Amounts payable | 17/49 | €275,136 | €210,004 | -€65,133 | -23.7% |
| Amounts payable after more than one year | 17 | €75,007 | €9,982 | -€65,026 | -86.7% |
| Financial debts | 170/4 | €75,007 | €9,982 | -€65,026 | -86.7% |
| Amounts payable within one year | 42/48 | €197,129 | €197,022 | -€107 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €79,492 | €65,026 | -€14,466 | -18.2% |
| Trade debts | 44 | €8,775 | €84,855 | +€76,080 | +867% |
| Suppliers | 440/4 | €8,775 | €84,855 | +€76,080 | +867% |
| Taxes, remuneration and social security | 45 | €49,749 | €22,671 | -€27,078 | -54.4% |
| Taxes | 450/3 | €47,037 | €21,337 | -€25,699 | -54.6% |
| Remuneration and social security | 454/9 | €2,712 | €1,334 | -€1,378 | -50.8% |
| Other amounts payable | 47/48 | €59,113 | €24,470 | -€34,643 | -58.6% |
| Accrued charges and deferred income | 492/3 | €3,000 | €3,000 | = | 0.0% |
| Non-recurring operating income | 76A | - | €8,938 | +€8,938 | |
| Remuneration, social security and pensions | 62 | €136,912 | €193,098 | +€56,186 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €106,260 | €87,161 | -€19,099 | -18.0% |
| Other operating charges | 640/8 | €34,589 | €36,714 | +€2,125 | +6.1% |
| Gross operating margin | 9900 | €522,539 | €599,488 | +€76,949 | +14.7% |
| Operating profit (loss) | 9901 | €244,778 | €282,515 | +€37,737 | +15.4% |
| Financial income | 75/76B | €3,999 | €2,011 | -€1,988 | -49.7% |
| Recurring financial income | 75 | €3,999 | €2,011 | -€1,988 | -49.7% |
| Financial charges | 65/66B | €14,867 | €13,075 | -€1,791 | -12.0% |
| Recurring financial charges | 65 | €14,867 | €13,075 | -€1,791 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €233,911 | €271,451 | +€37,540 | +16.0% |
| Income taxes | 67/77 | €71,406 | €84,114 | +€12,709 | +17.8% |
| Profit (loss) for the period | 9904 | €162,505 | €187,337 | +€24,832 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €162,505 | €187,337 | +€24,832 | +15.3% |
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 23 October 2026 via checked.be.