INDRASUN: 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.
INDRASUN
Largest movements
- Tangible fixed assets +€14,134
up €14,134 (+1,080%), from €1,308 to €15,443
- Deferred charges and accrued income +€583
new in 2025: €583
- Cash +€424
up €424 (+1,192%), from €36 to €459
mainly Other debts (+€9,253) and Trade debts (+€5,210)
- Other debts +€9,253
up €9,253 (+319%), from €2,898 to €12,151
- Trade debts +€5,210
up €5,210 (+179%), from €2,905 to €8,115
- Tax, wage and social debts +€859
up €859 (+64.2%), from €1,338 to €2,196
- Other operating charges -€3,052
down €3,052 (-79.5%), from €3,838 to €786
- Depreciation -€1,875
down €1,875 (-63.2%), from €2,968 to €1,093
- Financial income +€230
new in 2025: €230
- Taxes +€43
up €43 (+32.1%), from €134 to €177
- Gross operating margin -€36
down €36 (-1.6%), from €2,286 to €2,250
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.
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 | €4,368 | €19,643 | +€15,275 | +350% |
| Fixed assets | 21/28 | €1,308 | €15,443 | +€14,134 | +1,080% |
| Tangible fixed assets | 22/27 | €1,308 | €15,443 | +€14,134 | +1,080% |
| Plant, machinery and equipment | 23 | €1,308 | €15,443 | +€14,134 | +1,080% |
| Current assets | 29/58 | €3,060 | €4,201 | +€1,141 | +37.3% |
| Amounts receivable within one year | 40/41 | €3,024 | €3,158 | +€134 | +4.4% |
| Trade receivables | 40 | €3,024 | €3,024 | = | 0.0% |
| Other amounts receivable | 41 | - | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €36 | €459 | +€424 | +1,192% |
| Deferred charges and accrued income | 490/1 | - | €583 | +€583 | |
| Total equity and liabilities | 10/49 | €4,368 | €19,643 | +€15,275 | +350% |
| Equity | 10/15 | -€37,773 | -€37,819 | -€46 | -0.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,373 | -€56,419 | -€46 | -0.1% |
| Amounts payable | 17/49 | €42,141 | €57,462 | +€15,321 | +36.4% |
| Amounts payable after more than one year | 17 | €35,000 | €35,000 | = | 0.0% |
| Financial debts | 170/4 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €7,141 | €22,462 | +€15,321 | +215% |
| Trade debts | 44 | €2,905 | €8,115 | +€5,210 | +179% |
| Suppliers | 440/4 | €2,905 | €8,115 | +€5,210 | +179% |
| Taxes, remuneration and social security | 45 | €1,338 | €2,196 | +€859 | +64.2% |
| Taxes | 450/3 | €1,338 | €2,196 | +€859 | +64.2% |
| Other amounts payable | 47/48 | €2,898 | €12,151 | +€9,253 | +319% |
| Non-recurring operating income | 76A | - | €1,653 | +€1,653 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,968 | €1,093 | -€1,875 | -63.2% |
| Other operating charges | 640/8 | €3,838 | €786 | -€3,052 | -79.5% |
| Gross operating margin | 9900 | €2,286 | €2,250 | -€36 | -1.6% |
| Operating profit (loss) | 9901 | -€4,520 | €371 | +€4,891 | |
| Financial income | 75/76B | - | €230 | +€230 | |
| Recurring financial income | 75 | - | €230 | +€230 | |
| Financial charges | 65/66B | €450 | €470 | +€20 | +4.3% |
| Recurring financial charges | 65 | €450 | €470 | +€20 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | -€4,970 | €131 | +€5,101 | |
| Income taxes | 67/77 | €134 | €177 | +€43 | +32.1% |
| Profit (loss) for the period | 9904 | -€5,104 | -€46 | +€5,058 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,104 | -€46 | +€5,058 | +99.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.