INDIGÈNE: 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.
What changed
INDIGÈNE
NACE 47.750, Retail sale of cosmetics and toilet articles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,543
2024 · €7,503-€5,960
Equity
€110,335
2024 · €111,671-€1,336
Cash
€58,496
2024 · €57,815+€681
Balance sheet total
€506,499
2024 · €531,718-€25,219
Largest movements
Assets
- Tangible fixed assets -€20,030
down €20,030 (-4.6%), from €433,116 to €413,086
of which Land and buildings: -€16,945
Equity and liabilities
- Debts after one year -€18,437
down €18,437 (-5.6%), from €328,815 to €310,379
Income statement
- Gross operating margin -€9,154
down €9,154 (-24.6%), from €37,282 to €28,128
- Write-downs -€2,838
no longer reported in 2025 (was €2,838)
- Depreciation -€902
down €902 (-4.2%), from €21,346 to €20,444
- Other operating charges +€581
up €581 (+18.6%), from €3,119 to €3,700
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.
Result 2024
€7,503
Gross operating margin
-€9,154
Staff costs
-€32
Depreciation
+€902
Write-downs
+€2,838
Other operating charges
-€581
Financial income
+€97
Financial charges
-€31
Result 2025
€1,543
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.
From operations
+€20,972
Investment
+€762
Financing
-€21,053
Cash 2024
€57,815
From operations (derived)
+€20,972
Net result for the year
+€1,543
Depreciation
+€20,444
Stocks and contracts
+€4,921
Receivables within one year
-€409
Deferred charges and accrued income
+€182
Trade debts
+€660
Tax, wage and social debts
-€2,181
Other debts
-€4,189
Investment (derived)
+€762
Investment in fixed assets (net)
+€762
Financing
-€21,053
Debts after one year
-€18,437
Current portion of long-term debt
+€260
Short-term financial debts
+€2
Contributions, distributions and other
-€2,879
Cash 2025
€58,496
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €531,718 | €506,499 | -€25,219 | -4.7% |
| Fixed assets | 21/28 | €436,541 | €415,335 | -€21,206 | -4.9% |
| Intangible fixed assets | 21 | €3,425 | €2,249 | -€1,176 | -34.3% |
| Tangible fixed assets | 22/27 | €433,116 | €413,086 | -€20,030 | -4.6% |
| Land and buildings | 22 | €425,873 | €408,929 | -€16,945 | -4.0% |
| Furniture and vehicles | 24 | €7,243 | €4,157 | -€3,086 | -42.6% |
| Current assets | 29/58 | €95,177 | €91,164 | -€4,013 | -4.2% |
| Stocks and contracts in progress | 3 | €28,678 | €23,756 | -€4,921 | -17.2% |
| Stocks | 30/36 | €28,678 | €23,756 | -€4,921 | -17.2% |
| Amounts receivable within one year | 40/41 | €7,454 | €7,864 | +€409 | +5.5% |
| Trade receivables | 40 | €7,313 | €7,689 | +€376 | +5.1% |
| Other amounts receivable | 41 | €142 | €175 | +€33 | +23.4% |
| Cash at bank and in hand | 54/58 | €57,815 | €58,496 | +€681 | +1.2% |
| Deferred charges and accrued income | 490/1 | €1,230 | €1,048 | -€182 | -14.8% |
| Total equity and liabilities | 10/49 | €531,718 | €506,499 | -€25,219 | -4.7% |
| Equity | 10/15 | €111,671 | €110,335 | -€1,336 | -1.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,568 | €70,111 | +€1,543 | +2.3% |
| Investment grants | 15 | €38,103 | €35,224 | -€2,879 | -7.6% |
| Amounts payable | 17/49 | €420,047 | €396,164 | -€23,883 | -5.7% |
| Amounts payable after more than one year | 17 | €328,815 | €310,379 | -€18,437 | -5.6% |
| Financial debts | 170/4 | €328,815 | €310,379 | -€18,437 | -5.6% |
| Amounts payable within one year | 42/48 | €91,232 | €85,785 | -€5,447 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €18,177 | €18,437 | +€260 | +1.4% |
| Financial debts | 43 | €55 | €57 | +€2 | +4.5% |
| Credit institutions | 430/8 | €55 | €57 | +€2 | +4.5% |
| Trade debts | 44 | €3,231 | €3,891 | +€660 | +20.4% |
| Suppliers | 440/4 | €3,231 | €3,891 | +€660 | +20.4% |
| Advances received on contracts in progress | 46 | €300 | €300 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €8,553 | €6,372 | -€2,181 | -25.5% |
| Taxes | 450/3 | €8,553 | €6,372 | -€2,181 | -25.5% |
| Other amounts payable | 47/48 | €60,917 | €56,728 | -€4,189 | -6.9% |
| Remuneration, social security and pensions | 62 | -€32 | - | +€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,346 | €20,444 | -€902 | -4.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,838 | - | -€2,838 | |
| Other operating charges | 640/8 | €3,119 | €3,700 | +€581 | +18.6% |
| Gross operating margin | 9900 | €37,282 | €28,128 | -€9,154 | -24.6% |
| Operating profit (loss) | 9901 | €10,010 | €3,984 | -€6,026 | -60.2% |
| Financial income | 75/76B | €2,886 | €2,983 | +€97 | +3.4% |
| Recurring financial income | 75 | €2,886 | €2,983 | +€97 | +3.4% |
| Financial charges | 65/66B | €5,393 | €5,424 | +€31 | +0.6% |
| Recurring financial charges | 65 | €5,393 | €5,424 | +€31 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €7,503 | €1,543 | -€5,960 | -79.4% |
| Profit (loss) for the period | 9904 | €7,503 | €1,543 | -€5,960 | -79.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,503 | €1,543 | -€5,960 | -79.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.