INDOLEP: 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.
INDOLEP
Largest movements
- Receivables within one year -€17,270
down €17,270 (-36.2%), from €47,732 to €30,462
of which Other amounts receivable: -€8,941
- Cash -€8,491
down €8,491 (-23.2%), from €36,677 to €28,185
mainly Accrued charges and deferred income (-€16,641) and Contributions, distributions and other (-€14,730)
- Accrued charges and deferred income -€16,641
no longer reported in 2025 (was €16,641)
- Reserves -€14,730
down €14,730 (-15.4%), from €95,527 to €80,797
- Trade debts +€4,905
up €4,905 (+1738.7%), from €282 to €5,187
- Gross operating margin +€9,701
up €9,701, from -€6,444 to €3,257
- Depreciation -€7,665
down €7,665 (-92.9%), from €8,252 to €587
- Staff costs -€1,903
no longer reported in 2025 (was €1,903)
- Financial charges +€732
up €732 (+105.0%), from €697 to €1,429
- Financial income -€87
down €87 (-25.8%), from €337 to €250
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 | €94,127 | €67,778 | -€26,349 | -28.0% |
| Fixed assets | 21/28 | €9,718 | €9,131 | -€587 | -6.0% |
| Tangible fixed assets | 22/27 | €9,718 | €9,131 | -€587 | -6.0% |
| Furniture and vehicles | 24 | €9,718 | €9,131 | -€587 | -6.0% |
| Current assets | 29/58 | €84,409 | €58,647 | -€25,762 | -30.5% |
| Amounts receivable within one year | 40/41 | €47,732 | €30,462 | -€17,270 | -36.2% |
| Trade receivables | 40 | €17,402 | €9,073 | -€8,329 | -47.9% |
| Other amounts receivable | 41 | €30,330 | €21,389 | -€8,941 | -29.5% |
| Cash at bank and in hand | 54/58 | €36,677 | €28,185 | -€8,491 | -23.2% |
| Total equity and liabilities | 10/49 | €94,127 | €67,778 | -€26,349 | -28.0% |
| Equity | 10/15 | €77,204 | €62,591 | -€14,613 | -18.9% |
| Reserves | 13 | €95,527 | €80,797 | -€14,730 | -15.4% |
| Distributable reserves | 133 | €95,527 | €80,797 | -€14,730 | -15.4% |
| Profit (loss) carried forward | 14 | -€18,323 | -€18,206 | +€117 | +0.6% |
| Amounts payable | 17/49 | €16,923 | €5,187 | -€11,736 | -69.3% |
| Amounts payable within one year | 42/48 | €282 | €5,187 | +€4,905 | +1738.7% |
| Trade debts | 44 | €282 | €5,187 | +€4,905 | +1738.7% |
| Suppliers | 440/4 | €282 | €5,187 | +€4,905 | +1738.7% |
| Accrued charges and deferred income | 492/3 | €16,641 | - | -€16,641 | |
| Remuneration, social security and pensions | 62 | €1,903 | - | -€1,903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,252 | €587 | -€7,665 | -92.9% |
| Other operating charges | 640/8 | €916 | €939 | +€23 | +2.5% |
| Gross operating margin | 9900 | -€6,444 | €3,257 | +€9,701 | |
| Operating profit (loss) | 9901 | -€17,515 | €1,731 | +€19,245 | |
| Financial income | 75/76B | €337 | €250 | -€87 | -25.8% |
| Recurring financial income | 75 | €337 | €250 | -€87 | -25.8% |
| Financial charges | 65/66B | €697 | €1,429 | +€732 | +105.0% |
| Recurring financial charges | 65 | €697 | €1,429 | +€732 | +105.0% |
| Profit (loss) for the period before taxes | 9903 | -€17,875 | €551 | +€18,426 | |
| Income taxes | 67/77 | €448 | €434 | -€14 | -3.2% |
| Profit (loss) for the period | 9904 | -€18,323 | €117 | +€18,441 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,323 | €117 | +€18,441 |
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.