INDIAN CAPS: 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.
INDIAN CAPS
Largest movements
- Cash +€62,729
up €62,729 (+31.4%), from €199,618 to €262,347
mainly Other debts (+€49,981) and Net result for the year (+€43,491)
- Tangible fixed assets -€26,213
down €26,213 (-6.9%), from €381,189 to €354,976
- Other debts +€49,981
new in 2025: €49,981
- Reserves -€6,509
down €6,509 (-3.2%), from €200,342 to €193,832
- Gross operating margin +€4,537
up €4,537 (+5.3%), from €85,150 to €89,687
- Taxes +€1,610
up €1,610 (+12.5%), from €12,887 to €14,497
- Financial income +€1,590
new in 2025: €1,590
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 | €609,417 | €650,390 | +€40,973 | +6.7% |
| Fixed assets | 21/28 | €381,189 | €354,976 | -€26,213 | -6.9% |
| Tangible fixed assets | 22/27 | €381,189 | €354,976 | -€26,213 | -6.9% |
| Land and buildings | 22 | €381,189 | €354,976 | -€26,213 | -6.9% |
| Current assets | 29/58 | €228,227 | €295,413 | +€67,186 | +29.4% |
| Amounts receivable within one year | 40/41 | €28,610 | €33,067 | +€4,457 | +15.6% |
| Trade receivables | 40 | €27,292 | €32,452 | +€5,160 | +18.9% |
| Other amounts receivable | 41 | €1,318 | €615 | -€703 | -53.4% |
| Cash at bank and in hand | 54/58 | €199,618 | €262,347 | +€62,729 | +31.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €609,417 | €650,390 | +€40,973 | +6.7% |
| Equity | 10/15 | €460,112 | €453,602 | -€6,509 | -1.4% |
| Contributions | 10/11 | €259,770 | €259,770 | = | 0.0% |
| Reserves | 13 | €200,342 | €193,832 | -€6,509 | -3.2% |
| Distributable reserves | 133 | €200,342 | €193,832 | -€6,509 | -3.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €149,305 | €196,787 | +€47,482 | +31.8% |
| Amounts payable after more than one year | 17 | €103,021 | €98,007 | -€5,013 | -4.9% |
| Financial debts | 170/4 | €92,450 | €61,231 | -€31,218 | -33.8% |
| Other amounts payable | 178/9 | €10,571 | €36,776 | +€26,205 | +248% |
| Amounts payable within one year | 42/48 | €46,284 | €98,780 | +€52,496 | +113% |
| Current portion of amounts payable after more than one year | 42 | €30,729 | €31,218 | +€490 | +1.6% |
| Trade debts | 44 | €15,435 | €17,037 | +€1,601 | +10.4% |
| Suppliers | 440/4 | €15,435 | €17,037 | +€1,601 | +10.4% |
| Advances received on contracts in progress | 46 | €120 | €0 | -€120 | -100% |
| Taxes, remuneration and social security | 45 | - | €544 | +€544 | |
| Taxes | 450/3 | - | €544 | +€544 | |
| Other amounts payable | 47/48 | - | €49,981 | +€49,981 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,213 | €26,213 | +€0 | 0.0% |
| Other operating charges | 640/8 | €5,189 | €5,350 | +€161 | +3.1% |
| Gross operating margin | 9900 | €85,150 | €89,687 | +€4,537 | +5.3% |
| Operating profit (loss) | 9901 | €53,749 | €58,124 | +€4,375 | +8.1% |
| Financial income | 75/76B | - | €1,590 | +€1,590 | |
| Recurring financial income | 75 | - | €1,590 | +€1,590 | |
| Financial charges | 65/66B | €2,208 | €1,726 | -€482 | -21.8% |
| Recurring financial charges | 65 | €2,208 | €1,726 | -€482 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €51,541 | €57,988 | +€6,447 | +12.5% |
| Income taxes | 67/77 | €12,887 | €14,497 | +€1,610 | +12.5% |
| Profit (loss) for the period | 9904 | €38,654 | €43,491 | +€4,836 | +12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,654 | €43,491 | +€4,836 | +12.5% |
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 19 October 2026 via checked.be.