INDIHO: 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.
INDIHO
Largest movements
- Current investments -€80,000
down €80,000 (-97.2%), from €82,304 to €2,304
- Receivables within one year -€53,648
down €53,648 (-98.9%), from €54,264 to €616
- Cash +€15,250
up €15,250 (+115.6%), from €13,194 to €28,444
mainly Current investments (+€80,000) and Receivables within one year (+€53,648)
- Contributions -€118,000
down €118,000 (-63.8%), from €185,000 to €67,000
- Profit (loss) carried forward -€8,083
down €8,083 (-22.6%), from -€35,752 to -€43,835
- Other debts +€7,037
up €7,037 (+2523.3%), from €279 to €7,316
- Financial charges -€72,518
down €72,518 (-99.2%), from €73,073 to €554
- Financial income -€3,570
down €3,570 (-91.1%), from €3,919 to €349
- Gross operating margin +€3,507
up €3,507 (+33.5%), from -€10,475 to -€6,968
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €151,093 | €31,709 | -€119,384 | -79.0% |
| Fixed assets | 21/28 | €1,127 | €345 | -€782 | -69.4% |
| Tangible fixed assets | 22/27 | €1,127 | €345 | -€782 | -69.4% |
| Furniture and vehicles | 24 | €1,127 | €345 | -€782 | -69.4% |
| Current assets | 29/58 | €149,966 | €31,364 | -€118,602 | -79.1% |
| Amounts receivable within one year | 40/41 | €54,264 | €616 | -€53,648 | -98.9% |
| Other amounts receivable | 41 | €54,264 | €616 | -€53,648 | -98.9% |
| Current investments | 50/53 | €82,304 | €2,304 | -€80,000 | -97.2% |
| Cash at bank and in hand | 54/58 | €13,194 | €28,444 | +€15,250 | +115.6% |
| Deferred charges and accrued income | 490/1 | €204 | - | -€204 | |
| Total equity and liabilities | 10/49 | €151,093 | €31,709 | -€119,384 | -79.0% |
| Equity | 10/15 | €149,248 | €23,165 | -€126,083 | -84.5% |
| Contributions | 10/11 | €185,000 | €67,000 | -€118,000 | -63.8% |
| Capital | 10 | €185,000 | - | -€185,000 | |
| Issued capital | 100 | €225,000 | - | -€225,000 | |
| Uncalled capital | 101 | €40,000 | - | -€40,000 | |
| Profit (loss) carried forward | 14 | -€35,752 | -€43,835 | -€8,083 | -22.6% |
| Amounts payable | 17/49 | €1,845 | €8,544 | +€6,700 | +363.2% |
| Amounts payable within one year | 42/48 | €1,845 | €8,544 | +€6,700 | +363.2% |
| Trade debts | 44 | €1,566 | €1,095 | -€471 | -30.1% |
| Suppliers | 440/4 | €1,566 | €1,095 | -€471 | -30.1% |
| Taxes, remuneration and social security | 45 | - | €134 | +€134 | |
| Taxes | 450/3 | - | €134 | +€134 | |
| Other amounts payable | 47/48 | €279 | €7,316 | +€7,037 | +2523.3% |
| Non-recurring operating income | 76A | €1,371 | - | -€1,371 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €782 | €782 | = | 0.0% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | -€10,475 | -€6,968 | +€3,507 | +33.5% |
| Operating profit (loss) | 9901 | -€11,383 | -€7,878 | +€3,505 | +30.8% |
| Financial income | 75/76B | €3,919 | €349 | -€3,570 | -91.1% |
| Recurring financial income | 75 | €3,919 | €349 | -€3,570 | -91.1% |
| Financial charges | 65/66B | €73,073 | €554 | -€72,518 | -99.2% |
| Recurring financial charges | 65 | €73,073 | €554 | -€72,518 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€80,537 | -€8,083 | +€72,453 | +90.0% |
| Profit (loss) for the period | 9904 | -€80,537 | -€8,083 | +€72,453 | +90.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,537 | -€8,083 | +€72,453 | +90.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.