Indiero: 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.
Indiero
Largest movements
- Tangible fixed assets -€37,401
down €37,401 (-4.5%), from €824,472 to €787,071
of which Land and buildings: -€36,616
- Receivables within one year +€30,872
up €30,872 (+1345.6%), from €2,294 to €33,166
of which Trade receivables: +€23,819
- Cash -€19,189
down €19,189 (-100.0%), from €19,189 to €0
mainly Debts after one year (-€44,543) and Accrued charges and deferred income (-€33,860)
- Debts after one year -€44,543
down €44,543 (-8.3%), from €537,963 to €493,420
of which Financial debts: -€45,463
- Short-term financial debts +€38,571
new in 2025: €38,571
- Other debts +€34,014
up €34,014 (+104.3%), from €32,607 to €66,621
- Accrued charges and deferred income -€33,860
down €33,860 (-100.0%), from €33,860 to €0
- Current portion of long-term debt -€28,789
down €28,789 (-38.8%), from €74,238 to €45,449
- Gross operating margin -€55,134
down €55,134 (-43.9%), from €125,636 to €70,501
- Taxes -€14,806
down €14,806 (-100.0%), from €14,806 to €0
- Other operating charges +€1,740
up €1,740 (+8.8%), from €19,820 to €21,560
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 | €855,852 | €829,598 | -€26,254 | -3.1% |
| Fixed assets | 21/28 | €824,472 | €787,071 | -€37,401 | -4.5% |
| Tangible fixed assets | 22/27 | €824,472 | €787,071 | -€37,401 | -4.5% |
| Land and buildings | 22 | €818,175 | €781,559 | -€36,616 | -4.5% |
| Plant, machinery and equipment | 23 | €6,297 | €5,512 | -€785 | -12.5% |
| Current assets | 29/58 | €31,380 | €42,528 | +€11,147 | +35.5% |
| Amounts receivable within one year | 40/41 | €2,294 | €33,166 | +€30,872 | +1345.6% |
| Trade receivables | 40 | €1,847 | €25,666 | +€23,819 | +1289.6% |
| Other amounts receivable | 41 | €447 | €7,500 | +€7,053 | +1577.3% |
| Cash at bank and in hand | 54/58 | €19,189 | €0 | -€19,189 | -100.0% |
| Deferred charges and accrued income | 490/1 | €9,896 | €9,361 | -€535 | -5.4% |
| Total equity and liabilities | 10/49 | €855,852 | €829,598 | -€26,254 | -3.1% |
| Equity | 10/15 | €150,237 | €148,763 | -€1,475 | -1.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €62,725 | €62,725 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,655 | €0 | -€3,655 | -100.0% |
| Reserves not available under the articles | 1311 | €3,655 | - | -€3,655 | |
| Other | 1319 | - | €0 | = | |
| Distributable reserves | 133 | €59,070 | €62,725 | +€3,655 | +6.2% |
| Profit (loss) carried forward | 14 | -€12,488 | -€13,962 | -€1,475 | -11.8% |
| Amounts payable | 17/49 | €705,615 | €680,836 | -€24,779 | -3.5% |
| Amounts payable after more than one year | 17 | €537,963 | €493,420 | -€44,543 | -8.3% |
| Financial debts | 170/4 | €524,663 | €479,200 | -€45,463 | -8.7% |
| Other amounts payable | 178/9 | €13,300 | €14,220 | +€920 | +6.9% |
| Amounts payable within one year | 42/48 | €133,792 | €187,415 | +€53,624 | +40.1% |
| Current portion of amounts payable after more than one year | 42 | €74,238 | €45,449 | -€28,789 | -38.8% |
| Financial debts | 43 | - | €38,571 | +€38,571 | |
| Credit institutions | 430/8 | - | €38,571 | +€38,571 | |
| Trade debts | 44 | €9,091 | €35,008 | +€25,917 | +285.1% |
| Suppliers | 440/4 | €9,091 | €35,008 | +€25,917 | +285.1% |
| Advances received on contracts in progress | 46 | €3,049 | €0 | -€3,049 | -100.0% |
| Taxes, remuneration and social security | 45 | €14,806 | €1,766 | -€13,040 | -88.1% |
| Taxes | 450/3 | €14,806 | €1,766 | -€13,040 | -88.1% |
| Other amounts payable | 47/48 | €32,607 | €66,621 | +€34,014 | +104.3% |
| Accrued charges and deferred income | 492/3 | €33,860 | €0 | -€33,860 | -100.0% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,297 | €38,144 | +€847 | +2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €574 | €0 | -€574 | -100.0% |
| Other operating charges | 640/8 | €19,820 | €21,560 | +€1,740 | +8.8% |
| Gross operating margin | 9900 | €125,636 | €70,501 | -€55,134 | -43.9% |
| Operating profit (loss) | 9901 | €67,945 | €10,797 | -€57,147 | -84.1% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €12,122 | €12,310 | +€188 | +1.6% |
| Recurring financial charges | 65 | €12,122 | €12,310 | +€188 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €55,822 | -€1,475 | -€57,297 | |
| Income taxes | 67/77 | €14,806 | €0 | -€14,806 | -100.0% |
| Profit (loss) for the period | 9904 | €41,016 | -€1,475 | -€42,491 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,016 | -€1,475 | -€42,491 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.