Indicio: 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.
Indicio
Largest movements
- Cash +€41,674
up €41,674 (+116.9%), from €35,661 to €77,335
mainly Net result for the year (+€58,387) and Other debts (+€15,993)
- Receivables within one year -€4,909
down €4,909 (-12.0%), from €40,899 to €35,990
of which Trade receivables: -€20,585
- Intangible fixed assets -€2,799
down €2,799 (-90.9%), from €3,080 to €281
- Reserves +€27,394
up €27,394 (+61.5%), from €44,509 to €71,903
- Other debts +€15,993
up €15,993 (+106.6%), from €15,000 to €30,993
- Trade debts -€12,890
down €12,890 (-94.9%), from €13,576 to €686
- Tax, wage and social debts +€2,527
up €2,527 (+24.0%), from €10,530 to €13,056
- Gross operating margin +€38,718
up €38,718 (+84.1%), from €46,058 to €84,776
- Taxes +€13,268
up €13,268 (+152.3%), from €8,714 to €21,982
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 | €83,615 | €116,638 | +€33,023 | +39.5% |
| Fixed assets | 21/28 | €5,626 | €1,804 | -€3,822 | -67.9% |
| Intangible fixed assets | 21 | €3,080 | €281 | -€2,799 | -90.9% |
| Tangible fixed assets | 22/27 | €2,546 | €1,523 | -€1,023 | -40.2% |
| Furniture and vehicles | 24 | €2,546 | €1,523 | -€1,023 | -40.2% |
| Current assets | 29/58 | €77,989 | €114,834 | +€36,846 | +47.2% |
| Amounts receivable within one year | 40/41 | €40,899 | €35,990 | -€4,909 | -12.0% |
| Trade receivables | 40 | €37,132 | €16,547 | -€20,585 | -55.4% |
| Other amounts receivable | 41 | €3,767 | €19,443 | +€15,676 | +416.1% |
| Cash at bank and in hand | 54/58 | €35,661 | €77,335 | +€41,674 | +116.9% |
| Deferred charges and accrued income | 490/1 | €1,429 | €1,510 | +€81 | +5.6% |
| Total equity and liabilities | 10/49 | €83,615 | €116,638 | +€33,023 | +39.5% |
| Equity | 10/15 | €44,509 | €71,903 | +€27,394 | +61.5% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €44,509 | €71,903 | +€27,394 | +61.5% |
| Distributable reserves | 133 | €44,509 | €71,903 | +€27,394 | +61.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,105 | €44,735 | +€5,630 | +14.4% |
| Amounts payable within one year | 42/48 | €39,105 | €44,735 | +€5,630 | +14.4% |
| Trade debts | 44 | €13,576 | €686 | -€12,890 | -94.9% |
| Suppliers | 440/4 | €13,576 | €686 | -€12,890 | -94.9% |
| Taxes, remuneration and social security | 45 | €10,530 | €13,056 | +€2,527 | +24.0% |
| Taxes | 450/3 | €10,530 | €13,056 | +€2,527 | +24.0% |
| Other amounts payable | 47/48 | €15,000 | €30,993 | +€15,993 | +106.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,545 | €3,822 | -€723 | -15.9% |
| Other operating charges | 640/8 | €1,101 | €1,136 | +€34 | +3.1% |
| Gross operating margin | 9900 | €46,058 | €84,776 | +€38,718 | +84.1% |
| Operating profit (loss) | 9901 | €40,411 | €79,818 | +€39,407 | +97.5% |
| Financial income | 75/76B | €117 | €638 | +€521 | +444.3% |
| Recurring financial income | 75 | €117 | €638 | +€521 | +444.3% |
| Financial charges | 65/66B | €15 | €87 | +€72 | +477.1% |
| Recurring financial charges | 65 | €15 | €87 | +€72 | +477.1% |
| Profit (loss) for the period before taxes | 9903 | €40,513 | €80,369 | +€39,856 | +98.4% |
| Income taxes | 67/77 | €8,714 | €21,982 | +€13,268 | +152.3% |
| Profit (loss) for the period | 9904 | €31,798 | €58,387 | +€26,588 | +83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,798 | €58,387 | +€26,588 | +83.6% |
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 10 October 2026 via checked.be.