INDILARO: 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.
INDILARO
Largest movements
- Tangible fixed assets -€573,174
down €573,174 (-8.7%), from €6.6m to €6.0m
of which Land and buildings: -€573,174
- Debts after one year -€659,479
down €659,479 (-10.7%), from €6.2m to €5.5m
of which Financial debts: -€416,667
- Profit (loss) carried forward +€145,596
up €145,596 (+14.9%), from -€979,481 to -€833,885
- Gross operating margin +€190,912
up €190,912 (+145%), from €131,775 to €322,687
- Depreciation -€14,682
down €14,682 (-8.8%), from €165,947 to €151,265
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.
Derived cash bridge
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 | €6,627,839 | €6,088,786 | -€539,053 | -8.1% |
| Fixed assets | 21/28 | €6,572,170 | €5,998,995 | -€573,174 | -8.7% |
| Tangible fixed assets | 22/27 | €6,572,170 | €5,998,995 | -€573,174 | -8.7% |
| Land and buildings | 22 | €6,572,170 | €5,998,995 | -€573,174 | -8.7% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €55,669 | €89,790 | +€34,121 | +61.3% |
| Amounts receivable within one year | 40/41 | - | €36,586 | +€36,586 | |
| Trade receivables | 40 | - | €36,586 | +€36,586 | |
| Cash at bank and in hand | 54/58 | €48,208 | €47,605 | -€603 | -1.3% |
| Deferred charges and accrued income | 490/1 | €7,461 | €5,599 | -€1,862 | -25.0% |
| Total equity and liabilities | 10/49 | €6,627,839 | €6,088,786 | -€539,053 | -8.1% |
| Equity | 10/15 | €240,519 | €386,115 | +€145,596 | +60.5% |
| Contributions | 10/11 | €1,220,000 | €1,220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€979,481 | -€833,885 | +€145,596 | +14.9% |
| Amounts payable | 17/49 | €6,387,319 | €5,702,670 | -€684,649 | -10.7% |
| Amounts payable after more than one year | 17 | €6,151,305 | €5,491,826 | -€659,479 | -10.7% |
| Financial debts | 170/4 | €450,000 | €33,333 | -€416,667 | -92.6% |
| Other amounts payable | 178/9 | €5,701,305 | €5,458,493 | -€242,812 | -4.3% |
| Amounts payable within one year | 42/48 | €231,090 | €206,299 | -€24,791 | -10.7% |
| Current portion of amounts payable after more than one year | 42 | €66,667 | €6,667 | -€60,000 | -90.0% |
| Trade debts | 44 | €1,814 | €38,887 | +€37,073 | +2,044% |
| Suppliers | 440/4 | €1,814 | €38,887 | +€37,073 | +2,044% |
| Other amounts payable | 47/48 | €162,610 | €160,745 | -€1,865 | -1.1% |
| Accrued charges and deferred income | 492/3 | €4,924 | €4,545 | -€379 | -7.7% |
| Non-recurring operating income | 76A | - | €185,438 | +€185,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165,947 | €151,265 | -€14,682 | -8.8% |
| Other operating charges | 640/8 | €11,970 | €11,028 | -€942 | -7.9% |
| Gross operating margin | 9900 | €131,775 | €322,687 | +€190,912 | +145% |
| Operating profit (loss) | 9901 | -€46,142 | €160,394 | +€206,536 | |
| Financial income | 75/76B | €75 | €111 | +€37 | +49.1% |
| Recurring financial income | 75 | €75 | €111 | +€37 | +49.1% |
| Financial charges | 65/66B | €14,501 | €14,876 | +€375 | +2.6% |
| Recurring financial charges | 65 | €14,501 | €14,876 | +€375 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | -€60,568 | €145,629 | +€206,198 | |
| Income taxes | 67/77 | €22 | €33 | +€11 | +48.8% |
| Profit (loss) for the period | 9904 | -€60,591 | €145,596 | +€206,187 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,591 | €145,596 | +€206,187 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.