INDII: 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.
INDII
Largest movements
- Intangible fixed assets +€25,126
up €25,126 (+10.2%), from €245,608 to €270,734
- Receivables within one year -€10,435
down €10,435 (-6.6%), from €157,435 to €147,001
of which Other amounts receivable: -€33,214
- Other debts +€55,968
up €55,968 (+37.3%), from €149,974 to €205,942
- Profit (loss) carried forward -€25,184
down €25,184 (-3.0%), from -€850,279 to -€875,463
- Debts after one year -€20,000
down €20,000 (-2.2%), from €900,000 to €880,000
- Tax, wage and social debts +€15,945
up €15,945 (+22.6%), from €70,689 to €86,634
of which Remuneration and social security: +€16,840
- Accrued charges and deferred income -€12,694
down €12,694 (-32.7%), from €38,819 to €26,124
- Gross operating margin +€73,023
up €73,023 (+20.2%), from €362,128 to €435,150
- Staff costs +€58,059
up €58,059 (+20.8%), from €279,656 to €337,715
- Financial charges +€6,939
up €6,939 (+28.4%), from €24,403 to €31,342
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 | €427,849 | €440,876 | +€13,027 | +3.0% |
| Fixed assets | 21/28 | €255,398 | €282,215 | +€26,818 | +10.5% |
| Intangible fixed assets | 21 | €245,608 | €270,734 | +€25,126 | +10.2% |
| Tangible fixed assets | 22/27 | €9,785 | €11,482 | +€1,697 | +17.3% |
| Plant, machinery and equipment | 23 | €9,785 | €8,865 | -€920 | -9.4% |
| Furniture and vehicles | 24 | - | €2,616 | +€2,616 | |
| Financial fixed assets | 28 | €5 | €0 | -€5 | -100.0% |
| Current assets | 29/58 | €172,451 | €158,660 | -€13,791 | -8.0% |
| Amounts receivable within one year | 40/41 | €157,435 | €147,001 | -€10,435 | -6.6% |
| Trade receivables | 40 | €120,218 | €142,997 | +€22,779 | +18.9% |
| Other amounts receivable | 41 | €37,218 | €4,004 | -€33,214 | -89.2% |
| Cash at bank and in hand | 54/58 | €10,248 | €10,501 | +€253 | +2.5% |
| Deferred charges and accrued income | 490/1 | €4,768 | €1,158 | -€3,609 | -75.7% |
| Total equity and liabilities | 10/49 | €427,849 | €440,876 | +€13,027 | +3.0% |
| Equity | 10/15 | -€795,279 | -€820,463 | -€25,184 | -3.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€850,279 | -€875,463 | -€25,184 | -3.0% |
| Amounts payable | 17/49 | €1,223,127 | €1,261,338 | +€38,211 | +3.1% |
| Amounts payable after more than one year | 17 | €900,000 | €880,000 | -€20,000 | -2.2% |
| Financial debts | 170/4 | €900,000 | €880,000 | -€20,000 | -2.2% |
| Amounts payable within one year | 42/48 | €284,309 | €355,214 | +€70,905 | +24.9% |
| Trade debts | 44 | €63,646 | €62,638 | -€1,008 | -1.6% |
| Suppliers | 440/4 | €63,646 | €62,638 | -€1,008 | -1.6% |
| Taxes, remuneration and social security | 45 | €70,689 | €86,634 | +€15,945 | +22.6% |
| Taxes | 450/3 | €41,798 | €40,903 | -€895 | -2.1% |
| Remuneration and social security | 454/9 | €28,891 | €45,731 | +€16,840 | +58.3% |
| Other amounts payable | 47/48 | €149,974 | €205,942 | +€55,968 | +37.3% |
| Accrued charges and deferred income | 492/3 | €38,819 | €26,124 | -€12,694 | -32.7% |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €279,656 | €337,715 | +€58,059 | +20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,932 | €83,174 | +€4,242 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,589 | €6,271 | -€318 | -4.8% |
| Other operating charges | 640/8 | €2,217 | €2,010 | -€207 | -9.3% |
| Gross operating margin | 9900 | €362,128 | €435,150 | +€73,023 | +20.2% |
| Operating profit (loss) | 9901 | -€5,267 | €5,980 | +€11,247 | |
| Financial income | 75/76B | €5,203 | €1,312 | -€3,891 | -74.8% |
| Recurring financial income | 75 | €5,203 | €1,312 | -€3,891 | -74.8% |
| Financial charges | 65/66B | €24,403 | €31,342 | +€6,939 | +28.4% |
| Recurring financial charges | 65 | €24,403 | €31,342 | +€6,939 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,467 | -€24,050 | +€417 | +1.7% |
| Income taxes | 67/77 | €796 | €1,134 | +€337 | +42.4% |
| Profit (loss) for the period | 9904 | -€25,263 | -€25,184 | +€80 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,263 | -€25,184 | +€80 | +0.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.