Indimex: 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.
Indimex
Largest movements
- Receivables within one year +€19,066
up €19,066 (+52.6%), from €36,269 to €55,335
of which Other amounts receivable: +€16,108
- Tangible fixed assets -€6,206
down €6,206 (-14.7%), from €42,329 to €36,124
of which Furniture and vehicles: -€6,168
- Financial fixed assets +€2,500
up €2,500 (+500%), from €500 to €3,000
- Cash +€2,186
up €2,186 (+7.3%), from €30,126 to €32,312
mainly Trade debts (+€13,005) and Depreciation (+€11,562)
- Stocks and contracts +€1,833
up €1,833 (+18.1%), from €10,147 to €11,980
- Trade debts +€13,005
up €13,005 (+39.1%), from €33,243 to €46,248
- Profit (loss) carried forward +€11,168
up €11,168 (+281%), from €3,977 to €15,145
- Debts after one year -€7,643
down €7,643 (-34.1%), from €22,401 to €14,757
- Tax, wage and social debts +€4,414
up €4,414 (+17.6%), from €25,087 to €29,501
of which Taxes: +€4,953
- Current portion of long-term debt -€1,916
down €1,916 (-20.0%), from €9,560 to €7,643
- Staff costs -€5,838
down €5,838 (-6.8%), from €86,026 to €80,189
- Depreciation +€5,556
up €5,556 (+92.5%), from €6,006 to €11,562
- Financial charges +€2,700
up €2,700 (+260%), from €1,037 to €3,737
- Taxes +€1,776
up €1,776 (+638%), from €278 to €2,054
- Other operating charges +€1,427
up €1,427 (+276%), from €517 to €1,943
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 | €121,691 | €139,751 | +€18,060 | +14.8% |
| Fixed assets | 21/28 | €42,829 | €39,124 | -€3,706 | -8.7% |
| Tangible fixed assets | 22/27 | €42,329 | €36,124 | -€6,206 | -14.7% |
| Plant, machinery and equipment | 23 | €1,086 | €3,081 | +€1,995 | +184% |
| Furniture and vehicles | 24 | €32,529 | €26,361 | -€6,168 | -19.0% |
| Other tangible fixed assets | 26 | €8,714 | €6,682 | -€2,032 | -23.3% |
| Financial fixed assets | 28 | €500 | €3,000 | +€2,500 | +500% |
| Current assets | 29/58 | €78,861 | €100,627 | +€21,766 | +27.6% |
| Stocks and contracts in progress | 3 | €10,147 | €11,980 | +€1,833 | +18.1% |
| Stocks | 30/36 | €10,147 | €11,980 | +€1,833 | +18.1% |
| Amounts receivable within one year | 40/41 | €36,269 | €55,335 | +€19,066 | +52.6% |
| Trade receivables | 40 | €35,329 | €38,287 | +€2,958 | +8.4% |
| Other amounts receivable | 41 | €940 | €17,048 | +€16,108 | +1,715% |
| Cash at bank and in hand | 54/58 | €30,126 | €32,312 | +€2,186 | +7.3% |
| Deferred charges and accrued income | 490/1 | €2,319 | €1,000 | -€1,319 | -56.9% |
| Total equity and liabilities | 10/49 | €121,691 | €139,751 | +€18,060 | +14.8% |
| Equity | 10/15 | €22,770 | €33,938 | +€11,168 | +49.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €193 | €193 | = | 0.0% |
| Non-distributable reserves | 130/1 | €193 | €193 | = | 0.0% |
| Reserves not available under the articles | 1311 | €193 | €193 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,977 | €15,145 | +€11,168 | +281% |
| Amounts payable | 17/49 | €98,921 | €105,813 | +€6,892 | +7.0% |
| Amounts payable after more than one year | 17 | €22,401 | €14,757 | -€7,643 | -34.1% |
| Financial debts | 170/4 | €22,401 | €14,757 | -€7,643 | -34.1% |
| Amounts payable within one year | 42/48 | €76,520 | €91,056 | +€14,536 | +19.0% |
| Current portion of amounts payable after more than one year | 42 | €9,560 | €7,643 | -€1,916 | -20.0% |
| Trade debts | 44 | €33,243 | €46,248 | +€13,005 | +39.1% |
| Suppliers | 440/4 | €33,243 | €46,248 | +€13,005 | +39.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €25,087 | €29,501 | +€4,414 | +17.6% |
| Taxes | 450/3 | €8,665 | €13,618 | +€4,953 | +57.2% |
| Remuneration and social security | 454/9 | €16,422 | €15,883 | -€538 | -3.3% |
| Other amounts payable | 47/48 | €8,631 | €7,663 | -€968 | -11.2% |
| Remuneration, social security and pensions | 62 | €86,026 | €80,189 | -€5,838 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,006 | €11,562 | +€5,556 | +92.5% |
| Other operating charges | 640/8 | €517 | €1,943 | +€1,427 | +276% |
| Non-recurring operating charges | 66A | €18,113 | €8,464 | -€9,650 | -53.3% |
| Gross operating margin | 9900 | €118,968 | €118,991 | +€23 | 0.0% |
| Operating profit (loss) | 9901 | €8,306 | €16,834 | +€8,527 | +103% |
| Financial income | 75/76B | €4 | €125 | +€121 | +2,860% |
| Recurring financial income | 75 | €4 | €125 | +€121 | +2,860% |
| Financial charges | 65/66B | €1,037 | €3,737 | +€2,700 | +260% |
| Recurring financial charges | 65 | €1,037 | €3,737 | +€2,700 | +260% |
| Profit (loss) for the period before taxes | 9903 | €7,273 | €13,223 | +€5,949 | +81.8% |
| Income taxes | 67/77 | €278 | €2,054 | +€1,776 | +638% |
| Profit (loss) for the period | 9904 | €6,995 | €11,168 | +€4,173 | +59.7% |
| Profit (loss) for the period to be appropriated | 9905 | €6,995 | €11,168 | +€4,173 | +59.7% |
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 18 October 2026 via checked.be.