Indic8: 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.
Indic8
Largest movements
- Tangible fixed assets -€31,361
down €31,361 (-19.5%), from €160,550 to €129,189
- Cash -€31,020
down €31,020 (-81.6%), from €38,037 to €7,017
mainly Contributions, distributions and other (-€80,000) and Other debts (-€37,987)
- Other debts -€37,987
down €37,987 (-33.3%), from €114,000 to €76,013
- Reserves -€28,000
down €28,000 (-20.5%), from €136,696 to €108,696
of which Distributable reserves: -€28,000
- Tax, wage and social debts +€6,343
up €6,343 (+306%), from €2,074 to €8,417
of which Taxes: +€6,343
- Gross operating margin +€21,486
up €21,486 (+19.2%), from €111,824 to €133,310
- Taxes +€12,799
up €12,799 (+176%), from €7,285 to €20,083
- Staff costs +€8,995
up €8,995 (+116%), from €7,730 to €16,725
- Depreciation +€7,876
up €7,876 (+27.3%), from €28,877 to €36,753
- Financial charges +€6,836
up €6,836 (+4,052%), from €169 to €7,004
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 | €206,658 | €145,856 | -€60,802 | -29.4% |
| Fixed assets | 21/28 | €160,550 | €129,189 | -€31,361 | -19.5% |
| Tangible fixed assets | 22/27 | €160,550 | €129,189 | -€31,361 | -19.5% |
| Land and buildings | 22 | €68,739 | €58,371 | -€10,368 | -15.1% |
| Plant, machinery and equipment | 23 | €33,746 | €25,756 | -€7,990 | -23.7% |
| Furniture and vehicles | 24 | €58,064 | €45,061 | -€13,003 | -22.4% |
| Current assets | 29/58 | €46,108 | €16,667 | -€29,441 | -63.9% |
| Stocks and contracts in progress | 3 | €1,827 | €2,815 | +€988 | +54.1% |
| Stocks | 30/36 | €1,827 | €2,815 | +€988 | +54.1% |
| Amounts receivable within one year | 40/41 | €4,463 | €4,856 | +€393 | +8.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,463 | €4,856 | +€393 | +8.8% |
| Cash at bank and in hand | 54/58 | €38,037 | €7,017 | -€31,020 | -81.6% |
| Deferred charges and accrued income | 490/1 | €1,781 | €1,979 | +€197 | +11.1% |
| Total equity and liabilities | 10/49 | €206,658 | €145,856 | -€60,802 | -29.4% |
| Equity | 10/15 | €87,450 | €59,449 | -€28,000 | -32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €136,696 | €108,696 | -€28,000 | -20.5% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €124,696 | €96,696 | -€28,000 | -22.5% |
| Profit (loss) carried forward | 14 | -€67,847 | -€67,847 | = | 0.0% |
| Amounts payable | 17/49 | €119,208 | €86,407 | -€32,801 | -27.5% |
| Amounts payable within one year | 42/48 | €119,208 | €86,407 | -€32,801 | -27.5% |
| Trade debts | 44 | €3,135 | €1,977 | -€1,157 | -36.9% |
| Suppliers | 440/4 | €3,135 | €1,977 | -€1,157 | -36.9% |
| Taxes, remuneration and social security | 45 | €2,074 | €8,417 | +€6,343 | +306% |
| Taxes | 450/3 | €2,074 | €8,417 | +€6,343 | +306% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €114,000 | €76,013 | -€37,987 | -33.3% |
| Non-recurring operating income | 76A | €15,303 | €971 | -€14,332 | -93.7% |
| Remuneration, social security and pensions | 62 | €7,730 | €16,725 | +€8,995 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,877 | €36,753 | +€7,876 | +27.3% |
| Other operating charges | 640/8 | €2,099 | €1,155 | -€944 | -45.0% |
| Non-recurring operating charges | 66A | €1,773 | €0 | -€1,773 | -100% |
| Gross operating margin | 9900 | €111,824 | €133,310 | +€21,486 | +19.2% |
| Operating profit (loss) | 9901 | €71,345 | €78,677 | +€7,331 | +10.3% |
| Financial income | 75/76B | €679 | €410 | -€268 | -39.5% |
| Recurring financial income | 75 | €679 | €410 | -€268 | -39.5% |
| Financial charges | 65/66B | €169 | €7,004 | +€6,836 | +4,052% |
| Recurring financial charges | 65 | €169 | €7,004 | +€6,836 | +4,052% |
| Profit (loss) for the period before taxes | 9903 | €71,856 | €72,083 | +€227 | +0.3% |
| Income taxes | 67/77 | €7,285 | €20,083 | +€12,799 | +176% |
| Profit (loss) for the period | 9904 | €64,571 | €52,000 | -€12,572 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,571 | €52,000 | -€12,572 | -19.5% |
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 13 October 2026 via checked.be.