INDIANA ROSSO: 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.
INDIANA ROSSO
Largest movements
- Cash -€47,504
down €47,504 (-46.2%), from €102,878 to €55,374
mainly Contributions, distributions and other (-€88,000) and Investment in fixed assets (net) (-€11,032)
- Tangible fixed assets +€9,959
new in 2025: €9,959
of which Plant, machinery and equipment: +€9,841
- Current investments +€5,000
new in 2025: €5,000
- Receivables within one year +€3,672
new in 2025: €3,672
- Profit (loss) carried forward -€26,406
down €26,406 (-29.4%), from €89,828 to €63,422
- Tax, wage and social debts -€2,466
down €2,466 (-51.6%), from €4,779 to €2,313
of which Taxes: -€4,779
- Gross operating margin -€36,907
down €36,907 (-31.9%), from €115,703 to €78,796
- Taxes -€8,840
down €8,840 (-35.6%), from €24,820 to €15,980
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 | €113,186 | €84,235 | -€28,951 | -25.6% |
| Fixed assets | 21/28 | - | €9,959 | +€9,959 | |
| Tangible fixed assets | 22/27 | - | €9,959 | +€9,959 | |
| Plant, machinery and equipment | 23 | - | €9,841 | +€9,841 | |
| Furniture and vehicles | 24 | - | €118 | +€118 | |
| Current assets | 29/58 | €113,186 | €74,276 | -€38,910 | -34.4% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Trade receivables | 290 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €3,672 | +€3,672 | |
| Other amounts receivable | 41 | - | €3,672 | +€3,672 | |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €102,878 | €55,374 | -€47,504 | -46.2% |
| Deferred charges and accrued income | 490/1 | €308 | €230 | -€78 | -25.3% |
| Total equity and liabilities | 10/49 | €113,186 | €84,235 | -€28,951 | -25.6% |
| Equity | 10/15 | €107,496 | €81,090 | -€26,406 | -24.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €15,668 | €15,668 | = | 0.0% |
| Distributable reserves | 133 | €15,668 | €15,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,828 | €63,422 | -€26,406 | -29.4% |
| Amounts payable | 17/49 | €5,691 | €3,145 | -€2,545 | -44.7% |
| Amounts payable within one year | 42/48 | €5,691 | €3,095 | -€2,596 | -45.6% |
| Trade debts | 44 | €79 | €781 | +€702 | +889% |
| Suppliers | 440/4 | €79 | €781 | +€702 | +889% |
| Taxes, remuneration and social security | 45 | €4,779 | €2,313 | -€2,466 | -51.6% |
| Taxes | 450/3 | €4,779 | - | -€4,779 | |
| Remuneration and social security | 454/9 | - | €2,313 | +€2,313 | |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Accrued charges and deferred income | 492/3 | - | €51 | +€51 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,073 | +€1,073 | |
| Other operating charges | 640/8 | €64 | €212 | +€148 | +232% |
| Gross operating margin | 9900 | €115,703 | €78,796 | -€36,907 | -31.9% |
| Operating profit (loss) | 9901 | €115,639 | €77,512 | -€38,128 | -33.0% |
| Financial income | 75/76B | €41 | €328 | +€287 | +700% |
| Recurring financial income | 75 | €41 | €328 | +€287 | +700% |
| Financial charges | 65/66B | €199 | €265 | +€66 | +33.2% |
| Recurring financial charges | 65 | €199 | €265 | +€66 | +33.2% |
| Profit (loss) for the period before taxes | 9903 | €115,481 | €77,574 | -€37,907 | -32.8% |
| Income taxes | 67/77 | €24,820 | €15,980 | -€8,840 | -35.6% |
| Profit (loss) for the period | 9904 | €90,661 | €61,594 | -€29,067 | -32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €90,661 | €61,594 | -€29,067 | -32.1% |
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 26 October 2026 via checked.be.