Indra Partners: 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.
Indra Partners
Largest movements
- Cash -€28,679
down €28,679 (-51.3%), from €55,879 to €27,199
mainly Trade debts (-€21,508) and Net result for the year (-€16,599)
- Receivables within one year -€23,907
down €23,907 (-50.5%), from €47,363 to €23,457
of which Trade receivables: -€28,579
- Trade debts -€21,508
down €21,508 (-99.3%), from €21,663 to €156
- Profit (loss) carried forward -€16,599
new in 2025: -€16,599
- Other debts -€11,765
no longer reported in 2025 (was €11,765)
- Tax, wage and social debts -€4,975
down €4,975 (-73.0%), from €6,813 to €1,838
- Advances received +€1,900
new in 2025: €1,900
- Gross operating margin -€45,690
down €45,690, from €30,461 to -€15,229
- Taxes -€6,274
down €6,274 (-97.3%), from €6,451 to €176
- Financial charges -€377
down €377 (-39.6%), from €950 to €574
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 | €104,051 | €51,104 | -€52,946 | -50.9% |
| Fixed assets | 21/28 | €809 | €448 | -€361 | -44.6% |
| Tangible fixed assets | 22/27 | €809 | €448 | -€361 | -44.6% |
| Furniture and vehicles | 24 | €809 | €448 | -€361 | -44.6% |
| Current assets | 29/58 | €103,242 | €50,656 | -€52,586 | -50.9% |
| Amounts receivable within one year | 40/41 | €47,363 | €23,457 | -€23,907 | -50.5% |
| Trade receivables | 40 | €46,067 | €17,489 | -€28,579 | -62.0% |
| Other amounts receivable | 41 | €1,296 | €5,968 | +€4,672 | +361% |
| Cash at bank and in hand | 54/58 | €55,879 | €27,199 | -€28,679 | -51.3% |
| Total equity and liabilities | 10/49 | €104,051 | €51,104 | -€52,946 | -50.9% |
| Equity | 10/15 | €63,810 | €47,211 | -€16,599 | -26.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €38,810 | €38,810 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €36,310 | €36,310 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€16,599 | -€16,599 | |
| Amounts payable | 17/49 | €40,241 | €3,894 | -€36,347 | -90.3% |
| Amounts payable within one year | 42/48 | €40,241 | €3,894 | -€36,347 | -90.3% |
| Trade debts | 44 | €21,663 | €156 | -€21,508 | -99.3% |
| Suppliers | 440/4 | €21,663 | €156 | -€21,508 | -99.3% |
| Advances received on contracts in progress | 46 | - | €1,900 | +€1,900 | |
| Taxes, remuneration and social security | 45 | €6,813 | €1,838 | -€4,975 | -73.0% |
| Taxes | 450/3 | €6,813 | €1,838 | -€4,975 | -73.0% |
| Other amounts payable | 47/48 | €11,765 | - | -€11,765 | |
| Non-recurring operating income | 76A | €74 | - | -€74 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €547 | €361 | -€187 | -34.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €30,461 | -€15,229 | -€45,690 | |
| Operating profit (loss) | 9901 | €29,526 | -€15,989 | -€45,516 | |
| Financial income | 75/76B | €0 | €140 | +€140 | +1,395,900% |
| Recurring financial income | 75 | €0 | €140 | +€140 | +1,395,900% |
| Financial charges | 65/66B | €950 | €574 | -€377 | -39.6% |
| Recurring financial charges | 65 | €950 | €574 | -€377 | -39.6% |
| Profit (loss) for the period before taxes | 9903 | €28,576 | -€16,423 | -€44,999 | |
| Income taxes | 67/77 | €6,451 | €176 | -€6,274 | -97.3% |
| Profit (loss) for the period | 9904 | €22,125 | -€16,599 | -€38,725 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,125 | -€16,599 | -€38,725 |
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 25 October 2026 via checked.be.