INDISUM: 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.
INDISUM
Largest movements
- Cash +€9,606
up €9,606 (+29.0%), from €33,133 to €42,740
mainly Trade debts (+€6,225) and Other debts (+€3,797)
- Receivables within one year -€2,671
down €2,671 (-15.5%), from €17,263 to €14,591
of which Other amounts receivable: -€2,967
- Tangible fixed assets -€2,093
down €2,093 (-91.6%), from €2,285 to €192
- Deferred charges and accrued income +€1,904
up €1,904 (+81.4%), from €2,338 to €4,242
- Trade debts +€6,225
up €6,225 (+276.1%), from €2,254 to €8,479
- Other debts +€3,797
up €3,797 (+23.9%), from €15,889 to €19,686
- Short-term financial debts -€2,377
down €2,377 (-100.0%), from €2,377 to €0
- Tax, wage and social debts -€1,746
down €1,746 (-24.3%), from €7,176 to €5,430
- Reserves +€826
up €826 (+3.9%), from €21,143 to €21,969
of which Distributable reserves: +€826
- Other operating charges -€3,101
down €3,101 (-67.3%), from €4,611 to €1,510
- Gross operating margin -€2,334
down €2,334 (-20.0%), from €11,671 to €9,338
- Taxes +€907
up €907 (+42.9%), from €2,113 to €3,020
- Depreciation -€475
down €475 (-18.4%), from €2,588 to €2,113
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 | €55,039 | €61,765 | +€6,726 | +12.2% |
| Fixed assets | 21/28 | €2,305 | €192 | -€2,113 | -91.7% |
| Intangible fixed assets | 21 | €20 | €0 | -€20 | -100.0% |
| Tangible fixed assets | 22/27 | €2,285 | €192 | -€2,093 | -91.6% |
| Furniture and vehicles | 24 | €2,285 | €192 | -€2,093 | -91.6% |
| Current assets | 29/58 | €52,734 | €61,573 | +€8,839 | +16.8% |
| Amounts receivable within one year | 40/41 | €17,263 | €14,591 | -€2,671 | -15.5% |
| Trade receivables | 40 | €12,263 | €12,558 | +€296 | +2.4% |
| Other amounts receivable | 41 | €5,000 | €2,033 | -€2,967 | -59.3% |
| Cash at bank and in hand | 54/58 | €33,133 | €42,740 | +€9,606 | +29.0% |
| Deferred charges and accrued income | 490/1 | €2,338 | €4,242 | +€1,904 | +81.4% |
| Total equity and liabilities | 10/49 | €55,039 | €61,765 | +€6,726 | +12.2% |
| Equity | 10/15 | €27,343 | €28,169 | +€826 | +3.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,143 | €21,969 | +€826 | +3.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €19,283 | €20,109 | +€826 | +4.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €27,696 | €33,596 | +€5,899 | +21.3% |
| Amounts payable within one year | 42/48 | €27,696 | €33,596 | +€5,899 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,377 | €0 | -€2,377 | -100.0% |
| Credit institutions | 430/8 | €2,377 | €0 | -€2,377 | -100.0% |
| Trade debts | 44 | €2,254 | €8,479 | +€6,225 | +276.1% |
| Suppliers | 440/4 | €2,254 | €8,479 | +€6,225 | +276.1% |
| Taxes, remuneration and social security | 45 | €7,176 | €5,430 | -€1,746 | -24.3% |
| Taxes | 450/3 | €7,176 | €5,430 | -€1,746 | -24.3% |
| Other amounts payable | 47/48 | €15,889 | €19,686 | +€3,797 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,588 | €2,113 | -€475 | -18.4% |
| Other operating charges | 640/8 | €4,611 | €1,510 | -€3,101 | -67.3% |
| Gross operating margin | 9900 | €11,671 | €9,338 | -€2,334 | -20.0% |
| Operating profit (loss) | 9901 | €4,472 | €5,714 | +€1,243 | +27.8% |
| Financial income | 75/76B | €180 | €176 | -€4 | -2.4% |
| Recurring financial income | 75 | €180 | €176 | -€4 | -2.4% |
| Financial charges | 65/66B | €413 | €378 | -€35 | -8.5% |
| Recurring financial charges | 65 | €413 | €378 | -€35 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €4,239 | €5,512 | +€1,274 | +30.0% |
| Income taxes | 67/77 | €2,113 | €3,020 | +€907 | +42.9% |
| Profit (loss) for the period | 9904 | €2,125 | €2,492 | +€367 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,125 | €2,492 | +€367 | +17.3% |
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.