INDIGA: 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.
INDIGA
Largest movements
- Receivables within one year -€29,760
down €29,760 (-15.1%), from €197,135 to €167,375
of which Other amounts receivable: -€26,610
- Cash +€26,730
up €26,730 (+3629.7%), from €736 to €27,467
mainly Receivables within one year (+€29,760) and Tax, wage and social debts (+€2,548)
- Trade debts -€3,097
down €3,097 (-2.8%), from €110,841 to €107,745
- Tax, wage and social debts +€2,548
up €2,548 (+7.4%), from €34,634 to €37,182
of which Remuneration and social security: +€1,591
- Gross operating margin -€13,571
down €13,571 (-5.7%), from €237,843 to €224,271
- Staff costs +€11,803
up €11,803 (+5.6%), from €210,486 to €222,289
- Taxes -€7,430
down €7,430 (-76.7%), from €9,684 to €2,254
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €198,252 | €196,239 | -€2,013 | -1.0% |
| Fixed assets | 21/28 | €355 | €1,397 | +€1,043 | +294.1% |
| Tangible fixed assets | 22/27 | €355 | €1,397 | +€1,043 | +294.1% |
| Furniture and vehicles | 24 | €355 | €1,397 | +€1,043 | +294.1% |
| Current assets | 29/58 | €197,897 | €194,842 | -€3,056 | -1.5% |
| Amounts receivable within one year | 40/41 | €197,135 | €167,375 | -€29,760 | -15.1% |
| Trade receivables | 40 | €83,455 | €80,304 | -€3,150 | -3.8% |
| Other amounts receivable | 41 | €113,680 | €87,071 | -€26,610 | -23.4% |
| Cash at bank and in hand | 54/58 | €736 | €27,467 | +€26,730 | +3629.7% |
| Deferred charges and accrued income | 490/1 | €26 | - | -€26 | |
| Total equity and liabilities | 10/49 | €198,252 | €196,239 | -€2,013 | -1.0% |
| Equity | 10/15 | €52,777 | €51,313 | -€1,464 | -2.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,177 | €32,713 | -€1,464 | -4.3% |
| Amounts payable | 17/49 | €145,475 | €144,926 | -€549 | -0.4% |
| Amounts payable within one year | 42/48 | €145,475 | €144,926 | -€549 | -0.4% |
| Trade debts | 44 | €110,841 | €107,745 | -€3,097 | -2.8% |
| Suppliers | 440/4 | €110,841 | €107,745 | -€3,097 | -2.8% |
| Taxes, remuneration and social security | 45 | €34,634 | €37,182 | +€2,548 | +7.4% |
| Taxes | 450/3 | €10,440 | €11,397 | +€957 | +9.2% |
| Remuneration and social security | 454/9 | €24,194 | €25,784 | +€1,591 | +6.6% |
| Remuneration, social security and pensions | 62 | €210,486 | €222,289 | +€11,803 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €694 | €560 | -€133 | -19.2% |
| Other operating charges | 640/8 | €139 | €62 | -€77 | -55.4% |
| Gross operating margin | 9900 | €237,843 | €224,271 | -€13,571 | -5.7% |
| Operating profit (loss) | 9901 | €26,524 | €1,360 | -€25,164 | -94.9% |
| Financial income | 75/76B | €218 | €86 | -€132 | -60.4% |
| Recurring financial income | 75 | €218 | €86 | -€132 | -60.4% |
| Financial charges | 65/66B | €283 | €656 | +€373 | +131.9% |
| Recurring financial charges | 65 | €283 | €656 | +€373 | +131.9% |
| Profit (loss) for the period before taxes | 9903 | €26,459 | €790 | -€25,669 | -97.0% |
| Income taxes | 67/77 | €9,684 | €2,254 | -€7,430 | -76.7% |
| Profit (loss) for the period | 9904 | €16,775 | -€1,464 | -€18,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,775 | -€1,464 | -€18,239 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.