INDJA: 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.
INDJA
Largest movements
- Cash -€75,278
down €75,278 (-67.2%), from €112,026 to €36,748
mainly Current investments (-€50,000) and Investment in fixed assets (net) (-€44,272)
- Current investments +€50,000
new in 2025: €50,000
- Tangible fixed assets +€34,587
up €34,587 (+23.5%), from €147,485 to €182,071
of which Plant, machinery and equipment: +€40,370
- Trade debts +€8,577
new in 2025: €8,577
- Gross operating margin -€14,045
down €14,045 (-47.6%), from €29,535 to €15,490
- Taxes -€4,130
down €4,130 (-85.7%), from €4,822 to €692
- Depreciation +€1,342
up €1,342 (+16.1%), from €8,344 to €9,685
- Financial income +€553
up €553 (+276.7%), from €200 to €753
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 | €350,450 | €358,685 | +€8,235 | +2.3% |
| Fixed assets | 21/28 | €147,685 | €182,271 | +€34,587 | +23.4% |
| Tangible fixed assets | 22/27 | €147,485 | €182,071 | +€34,587 | +23.5% |
| Land and buildings | 22 | €125,311 | €119,527 | -€5,784 | -4.6% |
| Plant, machinery and equipment | 23 | €22,174 | €62,544 | +€40,370 | +182.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €202,765 | €176,414 | -€26,352 | -13.0% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €229 | €123 | -€106 | -46.4% |
| Trade receivables | 40 | €229 | €123 | -€106 | -46.4% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €112,026 | €36,748 | -€75,278 | -67.2% |
| Deferred charges and accrued income | 490/1 | €80,510 | €79,543 | -€968 | -1.2% |
| Total equity and liabilities | 10/49 | €350,450 | €358,685 | +€8,235 | +2.3% |
| Equity | 10/15 | €261,004 | €262,946 | +€1,942 | +0.7% |
| Contributions | 10/11 | €195,836 | €195,836 | = | 0.0% |
| Capital | 10 | €195,836 | €195,836 | = | 0.0% |
| Issued capital | 100 | €195,836 | €195,836 | = | 0.0% |
| Reserves | 13 | €5,538 | €5,637 | +€99 | +1.8% |
| Non-distributable reserves | 130/1 | €5,538 | €5,637 | +€99 | +1.8% |
| Legal reserve | 130 | €5,538 | €5,637 | +€99 | +1.8% |
| Profit (loss) carried forward | 14 | €59,630 | €61,473 | +€1,843 | +3.1% |
| Amounts payable | 17/49 | €89,446 | €95,739 | +€6,293 | +7.0% |
| Amounts payable after more than one year | 17 | €5,600 | €5,600 | = | 0.0% |
| Other amounts payable | 178/9 | €5,600 | €5,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €82,191 | €89,328 | +€7,137 | +8.7% |
| Trade debts | 44 | - | €8,577 | +€8,577 | |
| Suppliers | 440/4 | - | €8,577 | +€8,577 | |
| Taxes, remuneration and social security | 45 | €6,784 | €5,344 | -€1,439 | -21.2% |
| Taxes | 450/3 | €6,784 | €5,344 | -€1,439 | -21.2% |
| Other amounts payable | 47/48 | €75,407 | €75,407 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,655 | €811 | -€845 | -51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,344 | €9,685 | +€1,342 | +16.1% |
| Other operating charges | 640/8 | €3,648 | €3,879 | +€231 | +6.3% |
| Gross operating margin | 9900 | €29,535 | €15,490 | -€14,045 | -47.6% |
| Operating profit (loss) | 9901 | €17,543 | €1,925 | -€15,618 | -89.0% |
| Financial income | 75/76B | €200 | €753 | +€553 | +276.7% |
| Recurring financial income | 75 | €200 | €753 | +€553 | +276.7% |
| Financial charges | 65/66B | €60 | €45 | -€15 | -24.4% |
| Recurring financial charges | 65 | €60 | €45 | -€15 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €17,684 | €2,634 | -€15,050 | -85.1% |
| Income taxes | 67/77 | €4,822 | €692 | -€4,130 | -85.7% |
| Profit (loss) for the period | 9904 | €12,862 | €1,942 | -€10,920 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,862 | €1,942 | -€10,920 | -84.9% |
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 29 September 2026 via checked.be.