INDICE +: what changed
Two fiscal 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.
INDICE +
Largest movements
- Tangible fixed assets -€744
down €744 (-58.8%), from €1,264 to €520
- Short-term financial debts +€1,081
up €1,081 (+212.9%), from €508 to €1,589
- Profit (loss) carried forward -€862
down €862 (-4.1%), from -€20,884 to -€21,746
- Depreciation -€314
down €314 (-29.7%), from €1,057 to €744
- Other operating charges -€191
down €191 (-26.6%), from €718 to €527
- Gross operating margin -€140
down €140 (-12.0%), from €1,161 to €1,021
- Financial income -€95
down €95 (-94.2%), from €101 to €6
- Financial charges +€82
up €82 (+15.4%), from €535 to €618
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.
Cash bridge derived
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 | €50,879 | €50,445 | -€433 | -0.9% |
| Fixed assets | 21/28 | €1,264 | €520 | -€744 | -58.8% |
| Tangible fixed assets | 22/27 | €1,264 | €520 | -€744 | -58.8% |
| Furniture and vehicles | 24 | €1,264 | €520 | -€744 | -58.8% |
| Current assets | 29/58 | €49,615 | €49,925 | +€311 | +0.6% |
| Stocks and contracts in progress | 3 | €47,599 | €47,599 | = | 0.0% |
| Stocks | 30/36 | €47,599 | €47,599 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,016 | €842 | -€174 | -17.1% |
| Trade receivables | 40 | €551 | €686 | +€135 | +24.5% |
| Other amounts receivable | 41 | €464 | €155 | -€309 | -66.6% |
| Current investments | 50/53 | €419 | €419 | = | 0.0% |
| Cash at bank and in hand | 54/58 | - | €14 | +€14 | |
| Deferred charges and accrued income | 490/1 | €581 | €1,051 | +€470 | +80.9% |
| Total equity and liabilities | 10/49 | €50,879 | €50,445 | -€433 | -0.9% |
| Equity | 10/15 | €42,976 | €42,114 | -€862 | -2.0% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Outside capital | 11 | €61,973 | €61,973 | = | 0.0% |
| Other | 1109/19 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,887 | €1,887 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,887 | €1,887 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,887 | €1,887 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,884 | -€21,746 | -€862 | -4.1% |
| Amounts payable | 17/49 | €7,903 | €8,332 | +€429 | +5.4% |
| Amounts payable within one year | 42/48 | €7,903 | €8,332 | +€429 | +5.4% |
| Financial debts | 43 | €508 | €1,589 | +€1,081 | +212.9% |
| Credit institutions | 430/8 | €508 | €1,589 | +€1,081 | +212.9% |
| Trade debts | 44 | €1,044 | €564 | -€481 | -46.0% |
| Suppliers | 440/4 | €1,044 | €564 | -€481 | -46.0% |
| Advances received on contracts in progress | 46 | - | €35 | +€35 | |
| Other amounts payable | 47/48 | €6,351 | €6,144 | -€207 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,057 | €744 | -€314 | -29.7% |
| Other operating charges | 640/8 | €718 | €527 | -€191 | -26.6% |
| Gross operating margin | 9900 | €1,161 | €1,021 | -€140 | -12.0% |
| Operating profit (loss) | 9901 | -€615 | -€250 | +€365 | +59.3% |
| Financial income | 75/76B | €101 | €6 | -€95 | -94.2% |
| Recurring financial income | 75 | €101 | €6 | -€95 | -94.2% |
| Financial charges | 65/66B | €535 | €618 | +€82 | +15.4% |
| Recurring financial charges | 65 | €535 | €618 | +€82 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,049 | -€862 | +€187 | +17.9% |
| Profit (loss) for the period | 9904 | -€1,049 | -€862 | +€187 | +17.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,049 | -€862 | +€187 | +17.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.