INDIA: 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.
INDIA
Largest movements
- Cash -€73,463
down €73,463 (-41.8%), from €175,859 to €102,395
mainly Other debts (-€45,854) and Net result for the year (-€28,520)
- Tangible fixed assets -€7,606
down €7,606 (-27.6%), from €27,545 to €19,940
of which Other tangible fixed assets: -€4,031
- Other debts -€45,854
down €45,854 (-12.4%), from €369,934 to €324,080
- Profit (loss) carried forward -€28,520
new in 2025: -€28,520
- Trade debts -€5,265
down €5,265 (-97.0%), from €5,428 to €164
- Gross operating margin -€40,270
down €40,270, from €19,868 to -€20,402
- Taxes -€4,478
no longer reported in 2025 (was €4,478)
- Financial income -€4,035
down €4,035 (-83.0%), from €4,862 to €827
- Depreciation +€503
up €503 (+7.1%), from €7,103 to €7,606
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 | €403,404 | €322,806 | -€80,598 | -20.0% |
| Fixed assets | 21/28 | €227,545 | €219,940 | -€7,606 | -3.3% |
| Tangible fixed assets | 22/27 | €27,545 | €19,940 | -€7,606 | -27.6% |
| Plant, machinery and equipment | 23 | €3,682 | €2,367 | -€1,315 | -35.7% |
| Furniture and vehicles | 24 | €8,091 | €5,831 | -€2,260 | -27.9% |
| Other tangible fixed assets | 26 | €15,772 | €11,741 | -€4,031 | -25.6% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €175,859 | €102,867 | -€72,992 | -41.5% |
| Amounts receivable within one year | 40/41 | - | €471 | +€471 | |
| Other amounts receivable | 41 | - | €471 | +€471 | |
| Cash at bank and in hand | 54/58 | €175,859 | €102,395 | -€73,463 | -41.8% |
| Total equity and liabilities | 10/49 | €403,404 | €322,806 | -€80,598 | -20.0% |
| Equity | 10/15 | €24,052 | -€4,469 | -€28,520 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,852 | €17,852 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €15,992 | €15,992 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€28,520 | -€28,520 | |
| Amounts payable | 17/49 | €379,352 | €327,275 | -€52,077 | -13.7% |
| Amounts payable within one year | 42/48 | €379,352 | €327,275 | -€52,077 | -13.7% |
| Trade debts | 44 | €5,428 | €164 | -€5,265 | -97.0% |
| Suppliers | 440/4 | €5,428 | €164 | -€5,265 | -97.0% |
| Taxes, remuneration and social security | 45 | €3,990 | €3,031 | -€959 | -24.0% |
| Taxes | 450/3 | €3,990 | €3,031 | -€959 | -24.0% |
| Other amounts payable | 47/48 | €369,934 | €324,080 | -€45,854 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,103 | €7,606 | +€503 | +7.1% |
| Other operating charges | 640/8 | €1,060 | €1,146 | +€85 | +8.0% |
| Gross operating margin | 9900 | €19,868 | -€20,402 | -€40,270 | |
| Operating profit (loss) | 9901 | €11,705 | -€29,153 | -€40,858 | |
| Financial income | 75/76B | €4,862 | €827 | -€4,035 | -83.0% |
| Recurring financial income | 75 | €4,862 | €827 | -€4,035 | -83.0% |
| Financial charges | 65/66B | €211 | €194 | -€17 | -7.9% |
| Recurring financial charges | 65 | €211 | €194 | -€17 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €16,356 | -€28,520 | -€44,876 | |
| Income taxes | 67/77 | €4,478 | - | -€4,478 | |
| Profit (loss) for the period | 9904 | €11,879 | -€28,520 | -€40,399 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,879 | -€28,520 | -€40,399 |
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 22 October 2026 via checked.be.