INDIANO: 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.
INDIANO
Largest movements
- Deferred charges and accrued income -€5,978
no longer reported in 2025 (was €5,978)
- Receivables within one year -€5,439
down €5,439 (-1.5%), from €357,342 to €351,903
- Profit (loss) carried forward -€57,658
down €57,658 (-448%), from -€12,861 to -€70,518
- Other debts +€28,620
up €28,620 (+10.1%), from €283,386 to €312,006
- Trade debts +€19,437
up €19,437 (+38.3%), from €50,750 to €70,187
- Gross operating margin -€48,600
down €48,600 (-859%), from -€5,659 to -€54,260
- Financial income -€10,072
down €10,072 (-99.9%), from €10,085 to €14
- Other operating charges +€628
up €628 (+119%), from €526 to €1,153
- Financial charges -€574
down €574 (-20.3%), from €2,832 to €2,258
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 | €363,373 | €351,962 | -€11,411 | -3.1% |
| Current assets | 29/58 | €363,373 | €351,962 | -€11,411 | -3.1% |
| Amounts receivable within one year | 40/41 | €357,342 | €351,903 | -€5,439 | -1.5% |
| Other amounts receivable | 41 | €357,342 | €351,903 | -€5,439 | -1.5% |
| Cash at bank and in hand | 54/58 | €53 | €60 | +€7 | +12.8% |
| Deferred charges and accrued income | 490/1 | €5,978 | - | -€5,978 | |
| Total equity and liabilities | 10/49 | €363,373 | €351,962 | -€11,411 | -3.1% |
| Equity | 10/15 | €9,139 | -€48,518 | -€57,658 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,861 | -€70,518 | -€57,658 | -448% |
| Amounts payable | 17/49 | €354,234 | €400,481 | +€46,247 | +13.1% |
| Amounts payable within one year | 42/48 | €354,234 | €400,481 | +€46,247 | +13.1% |
| Financial debts | 43 | €1,037 | - | -€1,037 | |
| Credit institutions | 430/8 | €1,037 | - | -€1,037 | |
| Trade debts | 44 | €50,750 | €70,187 | +€19,437 | +38.3% |
| Suppliers | 440/4 | €50,750 | €70,187 | +€19,437 | +38.3% |
| Advances received on contracts in progress | 46 | €1,978 | - | -€1,978 | |
| Taxes, remuneration and social security | 45 | €17,082 | €18,288 | +€1,206 | +7.1% |
| Taxes | 450/3 | €17,082 | €18,288 | +€1,206 | +7.1% |
| Other amounts payable | 47/48 | €283,386 | €312,006 | +€28,620 | +10.1% |
| Other operating charges | 640/8 | €526 | €1,153 | +€628 | +119% |
| Gross operating margin | 9900 | -€5,659 | -€54,260 | -€48,600 | -859% |
| Operating profit (loss) | 9901 | -€6,185 | -€55,413 | -€49,228 | -796% |
| Financial income | 75/76B | €10,085 | €14 | -€10,072 | -99.9% |
| Recurring financial income | 75 | €10,085 | €14 | -€10,072 | -99.9% |
| Financial charges | 65/66B | €2,832 | €2,258 | -€574 | -20.3% |
| Recurring financial charges | 65 | €2,832 | €2,258 | -€574 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €1,068 | -€57,658 | -€58,726 | |
| Profit (loss) for the period | 9904 | €1,068 | -€57,658 | -€58,726 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,068 | -€57,658 | -€58,726 |
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 18 October 2026 via checked.be.