INDICAP: 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.
INDICAP
Largest movements
- Receivables within one year +€238
up €238 (+34.6%), from €688 to €927
of which Other amounts receivable: +€223
- Cash +€20
up €20 (+16.2%), from €123 to €143
mainly Other debts (+€5,986) and Advances received (+€9)
- Other debts +€5,986
up €5,986 (+52.7%), from €11,350 to €17,336
- Profit (loss) carried forward -€5,055
down €5,055 (-16.0%), from -€31,645 to -€36,699
- Trade debts -€682
down €682 (-56.9%), from €1,199 to €517
- Gross operating margin -€320
down €320 (-8.1%), from -€3,924 to -€4,244
- Financial charges +€56
up €56 (+23.9%), from €235 to €291
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 | €811 | €1,069 | +€258 | +31.8% |
| Current assets | 29/58 | €811 | €1,069 | +€258 | +31.8% |
| Amounts receivable within one year | 40/41 | €688 | €927 | +€238 | +34.6% |
| Trade receivables | 40 | €53 | €69 | +€15 | +28.2% |
| Other amounts receivable | 41 | €635 | €858 | +€223 | +35.2% |
| Cash at bank and in hand | 54/58 | €123 | €143 | +€20 | +16.2% |
| Total equity and liabilities | 10/49 | €811 | €1,069 | +€258 | +31.8% |
| Equity | 10/15 | -€11,798 | -€16,853 | -€5,055 | -42.8% |
| Contributions | 10/11 | €17,400 | €17,400 | = | 0.0% |
| Reserves | 13 | €2,447 | €2,447 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €592 | €592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,645 | -€36,699 | -€5,055 | -16.0% |
| Amounts payable | 17/49 | €12,609 | €17,922 | +€5,313 | +42.1% |
| Amounts payable within one year | 42/48 | €12,609 | €17,922 | +€5,313 | +42.1% |
| Trade debts | 44 | €1,199 | €517 | -€682 | -56.9% |
| Suppliers | 440/4 | €1,199 | €517 | -€682 | -56.9% |
| Advances received on contracts in progress | 46 | €59 | €69 | +€9 | +15.2% |
| Other amounts payable | 47/48 | €11,350 | €17,336 | +€5,986 | +52.7% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€3,924 | -€4,244 | -€320 | -8.1% |
| Operating profit (loss) | 9901 | -€4,430 | -€4,764 | -€334 | -7.5% |
| Financial charges | 65/66B | €235 | €291 | +€56 | +23.9% |
| Recurring financial charges | 65 | €235 | €291 | +€56 | +23.9% |
| Profit (loss) for the period before taxes | 9903 | -€4,664 | -€5,055 | -€390 | -8.4% |
| Profit (loss) for the period | 9904 | -€4,664 | -€5,055 | -€390 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,664 | -€5,055 | -€390 | -8.4% |
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 30 October 2026 via checked.be.