INDIWORKS: 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.
INDIWORKS
Largest movements
- Cash -€17,494
down €17,494 (-33.1%), from €52,806 to €35,312
mainly Stocks and contracts (-€15,000) and Investment in fixed assets (net) (-€8,534)
- Stocks and contracts +€15,000
new in 2024: €15,000
- Receivables within one year -€10,380
no longer reported in 2024 (was €10,380)
- Tangible fixed assets +€5,308
up €5,308 (+78.3%), from €6,783 to €12,091
of which Plant, machinery and equipment: +€4,599
- Tax, wage and social debts -€7,421
down €7,421 (-29.3%), from €25,313 to €17,892
of which Taxes: -€8,239
- Trade debts -€7,419
no longer reported in 2024 (was €7,419)
- Profit (loss) carried forward +€7,275
up €7,275 (+21.9%), from €33,276 to €40,551
- Gross operating margin -€23,417
down €23,417 (-68.2%), from €34,359 to €10,942
- Taxes -€8,340
no longer reported in 2024 (was €8,340)
- Depreciation +€2,571
up €2,571 (+393%), from €654 to €3,226
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,969 | €62,403 | -€7,566 | -10.8% |
| Fixed assets | 21/28 | €6,783 | €12,091 | +€5,308 | +78.3% |
| Tangible fixed assets | 22/27 | €6,783 | €12,091 | +€5,308 | +78.3% |
| Land and buildings | 22 | €280 | €176 | -€104 | -37.2% |
| Plant, machinery and equipment | 23 | €442 | €5,041 | +€4,599 | +1,041% |
| Furniture and vehicles | 24 | €6,061 | €6,874 | +€814 | +13.4% |
| Current assets | 29/58 | €63,186 | €50,312 | -€12,874 | -20.4% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Contracts in progress | 37 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €10,380 | - | -€10,380 | |
| Trade receivables | 40 | €10,380 | - | -€10,380 | |
| Cash at bank and in hand | 54/58 | €52,806 | €35,312 | -€17,494 | -33.1% |
| Total equity and liabilities | 10/49 | €69,969 | €62,403 | -€7,566 | -10.8% |
| Equity | 10/15 | €37,236 | €44,511 | +€7,275 | +19.5% |
| Contributions | 10/11 | €3,960 | €3,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,276 | €40,551 | +€7,275 | +21.9% |
| Amounts payable | 17/49 | €32,733 | €17,892 | -€14,840 | -45.3% |
| Amounts payable within one year | 42/48 | €32,733 | €17,892 | -€14,840 | -45.3% |
| Trade debts | 44 | €7,419 | - | -€7,419 | |
| Suppliers | 440/4 | €7,419 | - | -€7,419 | |
| Taxes, remuneration and social security | 45 | €25,313 | €17,892 | -€7,421 | -29.3% |
| Taxes | 450/3 | €25,313 | €17,074 | -€8,239 | -32.5% |
| Remuneration and social security | 454/9 | - | €818 | +€818 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €654 | €3,226 | +€2,571 | +393% |
| Other operating charges | 640/8 | €384 | €348 | -€37 | -9.6% |
| Gross operating margin | 9900 | €34,359 | €10,942 | -€23,417 | -68.2% |
| Operating profit (loss) | 9901 | €33,320 | €7,369 | -€25,951 | -77.9% |
| Financial income | 75/76B | €10 | €2 | -€8 | -84.7% |
| Recurring financial income | 75 | €10 | €2 | -€8 | -84.7% |
| Financial charges | 65/66B | €107 | €96 | -€12 | -10.7% |
| Recurring financial charges | 65 | €107 | €96 | -€12 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €33,223 | €7,275 | -€25,948 | -78.1% |
| Income taxes | 67/77 | €8,340 | - | -€8,340 | |
| Profit (loss) for the period | 9904 | €24,883 | €7,275 | -€17,608 | -70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,883 | €7,275 | -€17,608 | -70.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.