INDIGENA: what changed
INDIGENA
Largest movements
- Stocks and contracts -€60,559
down €60,559 (-41.1%), from €147,217 to €86,658
- Cash +€33,111
up €33,111 (+128%), from €25,958 to €59,069
mainly Stocks and contracts (+€60,559) and Net result for the year (+€9,404)
- Receivables within one year +€26,699
up €26,699 (+73.2%), from €36,470 to €63,168
of which Trade receivables: +€26,820
- Deferred charges and accrued income -€3,448
down €3,448 (-57.0%), from €6,048 to €2,599
- Profit (loss) carried forward +€9,404
up €9,404 (+14.2%), from -€66,237 to -€56,834
- Trade debts -€8,726
down €8,726 (-25.2%), from €34,584 to €25,858
- Other debts -€4,134
down €4,134 (-1.8%), from €223,600 to €219,466
- Gross operating margin +€46,127
up €46,127, from -€30,304 to €15,823
- Financial income -€7,229
down €7,229 (-95.2%), from €7,590 to €361
- Financial charges -€1,591
down €1,591 (-33.8%), from €4,712 to €3,120
- Depreciation -€906
down €906 (-65.3%), from €1,387 to €481
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €219,227 | €214,548 | -€4,679 | -2.1% |
| Fixed assets | 21/28 | €3,534 | €3,053 | -€481 | -13.6% |
| Tangible fixed assets | 22/27 | €3,485 | €3,004 | -€481 | -13.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €3,485 | €3,004 | -€481 | -13.8% |
| Financial fixed assets | 28 | €49 | €49 | = | 0.0% |
| Current assets | 29/58 | €215,693 | €211,495 | -€4,198 | -1.9% |
| Stocks and contracts in progress | 3 | €147,217 | €86,658 | -€60,559 | -41.1% |
| Stocks | 30/36 | €147,217 | €86,658 | -€60,559 | -41.1% |
| Amounts receivable within one year | 40/41 | €36,470 | €63,168 | +€26,699 | +73.2% |
| Trade receivables | 40 | €36,255 | €63,075 | +€26,820 | +74.0% |
| Other amounts receivable | 41 | €215 | €94 | -€121 | -56.4% |
| Cash at bank and in hand | 54/58 | €25,958 | €59,069 | +€33,111 | +128% |
| Deferred charges and accrued income | 490/1 | €6,048 | €2,599 | -€3,448 | -57.0% |
| Total equity and liabilities | 10/49 | €219,227 | €214,548 | -€4,679 | -2.1% |
| Equity | 10/15 | -€44,237 | -€34,834 | +€9,404 | +21.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €17,000 | €17,000 | = | 0.0% |
| Distributable reserves | 133 | €17,000 | €17,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,237 | -€56,834 | +€9,404 | +14.2% |
| Amounts payable | 17/49 | €263,464 | €249,382 | -€14,082 | -5.3% |
| Amounts payable within one year | 42/48 | €263,464 | €249,382 | -€14,082 | -5.3% |
| Trade debts | 44 | €34,584 | €25,858 | -€8,726 | -25.2% |
| Suppliers | 440/4 | €34,584 | €25,858 | -€8,726 | -25.2% |
| Taxes, remuneration and social security | 45 | €5,280 | €4,057 | -€1,223 | -23.2% |
| Taxes | 450/3 | €2,280 | €1,057 | -€1,223 | -53.6% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €223,600 | €219,466 | -€4,134 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,387 | €481 | -€906 | -65.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,458 | €2,672 | +€214 | +8.7% |
| Gross operating margin | 9900 | -€30,304 | €15,823 | +€46,127 | |
| Operating profit (loss) | 9901 | -€34,149 | €12,670 | +€46,820 | |
| Financial income | 75/76B | €7,590 | €361 | -€7,229 | -95.2% |
| Recurring financial income | 75 | €7,590 | €361 | -€7,229 | -95.2% |
| Financial charges | 65/66B | €4,712 | €3,120 | -€1,591 | -33.8% |
| Recurring financial charges | 65 | €4,712 | €3,120 | -€1,591 | -33.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,271 | €9,911 | +€41,182 | |
| Income taxes | 67/77 | €550 | €507 | -€43 | -7.8% |
| Profit (loss) for the period | 9904 | -€31,821 | €9,404 | +€41,225 | |
| Profit (loss) for the period to be appropriated | 9905 | -€31,821 | €9,404 | +€41,225 |
Next steps
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 3 November 2026 via checked.be.