INDOVINO: 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.
INDOVINO
Largest movements
- Tangible fixed assets +€6,314
up €6,314 (+39.8%), from €15,843 to €22,157
of which Leasing and similar rights: +€7,216
- Deferred charges and accrued income -€3,928
no longer reported in 2025 (was €3,928)
- Cash +€3,799
up €3,799 (+95.9%), from €3,961 to €7,759
mainly Trade debts (+€42,250) and Other debts (+€5,196)
- Receivables within one year +€2,895
up €2,895 (+142%), from €2,039 to €4,934
- Stocks and contracts +€2,650
up €2,650 (+94.5%), from €2,805 to €5,455
- Trade debts +€42,250
new in 2025: €42,250
- Profit (loss) carried forward -€31,144
down €31,144 (-379%), from -€8,207 to -€39,352
- Other debts +€5,196
up €5,196 (+544%), from €955 to €6,150
- Accrued charges and deferred income -€3,428
no longer reported in 2025 (was €3,428)
- Tax, wage and social debts -€1,144
down €1,144 (-7.8%), from €14,624 to €13,480
of which Remuneration and social security: -€12,207
- Gross operating margin -€70,001
down €70,001 (-53.4%), from €130,990 to €60,989
- Staff costs -€38,583
down €38,583 (-31.9%), from €120,855 to €82,272
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.
Derived cash bridge
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 | €29,399 | €41,129 | +€11,729 | +39.9% |
| Fixed assets | 21/28 | €16,667 | €22,981 | +€6,314 | +37.9% |
| Tangible fixed assets | 22/27 | €15,843 | €22,157 | +€6,314 | +39.8% |
| Plant, machinery and equipment | 23 | €5,850 | €6,412 | +€562 | +9.6% |
| Furniture and vehicles | 24 | €9,993 | €8,529 | -€1,465 | -14.7% |
| Leasing and similar rights | 25 | - | €7,216 | +€7,216 | |
| Financial fixed assets | 28 | €824 | €824 | = | 0.0% |
| Current assets | 29/58 | €12,732 | €18,148 | +€5,416 | +42.5% |
| Stocks and contracts in progress | 3 | €2,805 | €5,455 | +€2,650 | +94.5% |
| Stocks | 30/36 | €2,805 | €5,455 | +€2,650 | +94.5% |
| Amounts receivable within one year | 40/41 | €2,039 | €4,934 | +€2,895 | +142% |
| Other amounts receivable | 41 | €2,039 | €4,934 | +€2,895 | +142% |
| Cash at bank and in hand | 54/58 | €3,961 | €7,759 | +€3,799 | +95.9% |
| Deferred charges and accrued income | 490/1 | €3,928 | - | -€3,928 | |
| Total equity and liabilities | 10/49 | €29,399 | €41,129 | +€11,729 | +39.9% |
| Equity | 10/15 | €10,393 | -€20,752 | -€31,144 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,207 | -€39,352 | -€31,144 | -379% |
| Amounts payable | 17/49 | €19,007 | €61,880 | +€42,874 | +226% |
| Amounts payable within one year | 42/48 | €15,579 | €61,880 | +€46,302 | +297% |
| Trade debts | 44 | - | €42,250 | +€42,250 | |
| Suppliers | 440/4 | - | €42,250 | +€42,250 | |
| Taxes, remuneration and social security | 45 | €14,624 | €13,480 | -€1,144 | -7.8% |
| Taxes | 450/3 | €2,417 | €13,480 | +€11,063 | +458% |
| Remuneration and social security | 454/9 | €12,207 | - | -€12,207 | |
| Other amounts payable | 47/48 | €955 | €6,150 | +€5,196 | +544% |
| Accrued charges and deferred income | 492/3 | €3,428 | - | -€3,428 | |
| Remuneration, social security and pensions | 62 | €120,855 | €82,272 | -€38,583 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,611 | €4,403 | +€792 | +21.9% |
| Gross operating margin | 9900 | €130,990 | €60,989 | -€70,001 | -53.4% |
| Operating profit (loss) | 9901 | €6,524 | -€25,686 | -€32,210 | |
| Financial income | 75/76B | €151 | €59 | -€92 | -60.9% |
| Recurring financial income | 75 | €151 | €59 | -€92 | -60.9% |
| Financial charges | 65/66B | €4,956 | €4,282 | -€674 | -13.6% |
| Recurring financial charges | 65 | €4,956 | €4,282 | -€674 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €1,719 | -€29,909 | -€31,628 | |
| Income taxes | 67/77 | €61 | €1,236 | +€1,175 | +1,943% |
| Profit (loss) for the period | 9904 | €1,659 | -€31,144 | -€32,803 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,659 | -€31,144 | -€32,803 |
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 14 October 2026 via checked.be.