INDICO GROUP: what changed
What changed
INDICO GROUP
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€48,436
2024 · -€35,643-€12,793
Equity
-€83,133
2024 · -€34,696-€48,436
Cash
€13,134
2024 · €9,492+€3,641
Balance sheet total
€620,251
2024 · €622,854-€2,603
Largest movements
Assets
- Receivables within one year -€6,244
down €6,244 (-4.1%), from €153,362 to €147,118
of which Other amounts receivable: -€9,874
Equity and liabilities
- Profit (loss) carried forward -€48,436
down €48,436 (-118%), from -€40,896 to -€89,333
- Other debts +€43,277
up €43,277 (+86.0%), from €50,323 to €93,600
Income statement
- Gross operating margin -€14,655
down €14,655, from €13,730 to -€926
- Financial income +€2,647
up €2,647 (+71.2%), from €3,718 to €6,364
- Financial charges +€674
up €674 (+1.3%), from €51,924 to €52,598
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€35,643
Gross operating margin
-€14,655
Other operating charges
-€14
Other operating items
-€96
Financial income
+€2,647
Financial charges
-€674
Result 2025
-€48,436
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3,641
Investment
€0
Financing
€0
Cash 2024
€9,492
From operations (derived)
+€3,641
Net result for the year
-€48,436
Receivables within one year
+€6,244
Provisions
+€1,685
Trade debts
-€175
Tax, wage and social debts
+€1,047
Other debts
+€43,277
Cash 2025
€13,134
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €622,854 | €620,251 | -€2,603 | -0.4% |
| Fixed assets | 21/28 | €460,000 | €460,000 | = | 0.0% |
| Financial fixed assets | 28 | €460,000 | €460,000 | = | 0.0% |
| Current assets | 29/58 | €162,854 | €160,251 | -€2,603 | -1.6% |
| Amounts receivable within one year | 40/41 | €153,362 | €147,118 | -€6,244 | -4.1% |
| Trade receivables | 40 | - | €3,630 | +€3,630 | |
| Other amounts receivable | 41 | €153,362 | €143,488 | -€9,874 | -6.4% |
| Cash at bank and in hand | 54/58 | €9,492 | €13,134 | +€3,641 | +38.4% |
| Total equity and liabilities | 10/49 | €622,854 | €620,251 | -€2,603 | -0.4% |
| Equity | 10/15 | -€34,696 | -€83,133 | -€48,436 | -140% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,896 | -€89,333 | -€48,436 | -118% |
| Provisions and deferred taxes | 16 | €607,052 | €608,737 | +€1,685 | +0.3% |
| Provisions for liabilities and charges | 160/5 | €607,052 | €608,737 | +€1,685 | +0.3% |
| Other liabilities and charges | 164/5 | €607,052 | €608,737 | +€1,685 | +0.3% |
| Amounts payable | 17/49 | €50,499 | €94,647 | +€44,149 | +87.4% |
| Amounts payable within one year | 42/48 | €50,499 | €94,647 | +€44,149 | +87.4% |
| Trade debts | 44 | €175 | - | -€175 | |
| Suppliers | 440/4 | €175 | - | -€175 | |
| Taxes, remuneration and social security | 45 | - | €1,047 | +€1,047 | |
| Taxes | 450/3 | - | €1,047 | +€1,047 | |
| Other amounts payable | 47/48 | €50,323 | €93,600 | +€43,277 | +86.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Non-recurring operating charges | 66A | €661 | €757 | +€96 | +14.6% |
| Gross operating margin | 9900 | €13,730 | -€926 | -€14,655 | |
| Operating profit (loss) | 9901 | €12,564 | -€2,202 | -€14,766 | |
| Financial income | 75/76B | €3,718 | €6,364 | +€2,647 | +71.2% |
| Recurring financial income | 75 | €3,718 | €6,364 | +€2,647 | +71.2% |
| Financial charges | 65/66B | €51,924 | €52,598 | +€674 | +1.3% |
| Recurring financial charges | 65 | €51,924 | €52,598 | +€674 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€35,643 | -€48,436 | -€12,793 | -35.9% |
| Profit (loss) for the period | 9904 | -€35,643 | -€48,436 | -€12,793 | -35.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,643 | -€48,436 | -€12,793 | -35.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.