INDION: 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.
INDION
Largest movements
- Tangible fixed assets +€43,509
new in 2025: €43,509
of which Furniture and vehicles: +€40,128
- Cash +€13,765
up €13,765 (+11.8%), from €116,511 to €130,276
mainly Other debts (+€75,404) and Net result for the year (+€18,644)
- Receivables within one year +€3,186
up €3,186 (+2.5%), from €129,283 to €132,469
of which Other amounts receivable: +€5,834
- Other debts +€75,404
up €75,404 (+106.8%), from €70,585 to €145,988
- Tax, wage and social debts -€47,091
down €47,091 (-65.5%), from €71,892 to €24,801
of which Remuneration and social security: -€38,136
- Reserves +€18,644
up €18,644 (+21.9%), from €85,038 to €103,682
of which Distributable reserves: +€18,644
- Trade debts +€15,614
new in 2025: €15,614
- Staff costs -€49,598
down €49,598 (-18.7%), from €265,909 to €216,311
- Gross operating margin -€16,084
down €16,084 (-5.9%), from €271,061 to €254,977
- Financial charges +€7,514
up €7,514 (+1185.0%), from €634 to €8,148
- Depreciation +€5,013
new in 2025: €5,013
- Taxes +€4,640
up €4,640 (+161.8%), from €2,868 to €7,508
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 | €246,107 | €308,678 | +€62,571 | +25.4% |
| Fixed assets | 21/28 | - | €43,509 | +€43,509 | |
| Tangible fixed assets | 22/27 | - | €43,509 | +€43,509 | |
| Plant, machinery and equipment | 23 | - | €3,380 | +€3,380 | |
| Furniture and vehicles | 24 | - | €40,128 | +€40,128 | |
| Current assets | 29/58 | €246,107 | €265,170 | +€19,062 | +7.7% |
| Amounts receivable within one year | 40/41 | €129,283 | €132,469 | +€3,186 | +2.5% |
| Trade receivables | 40 | €110,187 | €107,539 | -€2,648 | -2.4% |
| Other amounts receivable | 41 | €19,096 | €24,930 | +€5,834 | +30.6% |
| Cash at bank and in hand | 54/58 | €116,511 | €130,276 | +€13,765 | +11.8% |
| Deferred charges and accrued income | 490/1 | €314 | €2,425 | +€2,111 | +672.4% |
| Total equity and liabilities | 10/49 | €246,107 | €308,678 | +€62,571 | +25.4% |
| Equity | 10/15 | €103,630 | €122,274 | +€18,644 | +18.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €85,038 | €103,682 | +€18,644 | +21.9% |
| Tax-exempt reserves | 132 | €18,023 | €18,023 | = | 0.0% |
| Distributable reserves | 133 | €67,016 | €85,660 | +€18,644 | +27.8% |
| Amounts payable | 17/49 | €142,477 | €186,404 | +€43,927 | +30.8% |
| Amounts payable within one year | 42/48 | €142,477 | €186,404 | +€43,927 | +30.8% |
| Financial debts | 43 | - | €0 | = | |
| Credit institutions | 430/8 | - | €0 | = | |
| Trade debts | 44 | - | €15,614 | +€15,614 | |
| Suppliers | 440/4 | - | €15,614 | +€15,614 | |
| Taxes, remuneration and social security | 45 | €71,892 | €24,801 | -€47,091 | -65.5% |
| Taxes | 450/3 | €14,232 | €5,277 | -€8,955 | -62.9% |
| Remuneration and social security | 454/9 | €57,661 | €19,524 | -€38,136 | -66.1% |
| Other amounts payable | 47/48 | €70,585 | €145,988 | +€75,404 | +106.8% |
| Non-recurring operating income | 76A | - | €6,000 | +€6,000 | |
| Remuneration, social security and pensions | 62 | €265,909 | €216,311 | -€49,598 | -18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,013 | +€5,013 | |
| Other operating charges | 640/8 | €505 | €1,324 | +€818 | +161.9% |
| Non-recurring operating charges | 66A | - | €1,025 | +€1,025 | |
| Gross operating margin | 9900 | €271,061 | €254,977 | -€16,084 | -5.9% |
| Operating profit (loss) | 9901 | €4,647 | €31,304 | +€26,657 | +573.7% |
| Financial income | 75/76B | €1,233 | €2,996 | +€1,764 | +143.1% |
| Recurring financial income | 75 | €1,233 | €2,996 | +€1,764 | +143.1% |
| Financial charges | 65/66B | €634 | €8,148 | +€7,514 | +1185.0% |
| Recurring financial charges | 65 | €634 | €8,148 | +€7,514 | +1185.0% |
| Profit (loss) for the period before taxes | 9903 | €5,245 | €26,152 | +€20,907 | +398.6% |
| Income taxes | 67/77 | €2,868 | €7,508 | +€4,640 | +161.8% |
| Profit (loss) for the period | 9904 | €2,377 | €18,644 | +€16,267 | +684.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,377 | €18,644 | +€16,267 | +684.3% |
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 5 October 2026 via checked.be.