INDREVA: 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.
INDREVA
Largest movements
- Cash -€19,778
down €19,778 (-14.2%), from €139,017 to €119,240
mainly Contributions, distributions and other (-€78,763) and Investment in fixed assets (net) (-€23,304)
- Tangible fixed assets +€16,258
up €16,258 (+123.2%), from €13,201 to €29,459
of which Plant, machinery and equipment: +€16,538
- Receivables within one year +€5,455
new in 2025: €5,455
- Deferred charges and accrued income -€1,679
no longer reported in 2025 (was €1,679)
- Other debts -€7,709
down €7,709 (-10.8%), from €71,563 to €63,854
- Trade debts +€4,788
up €4,788 (+986.3%), from €485 to €5,273
- Tax, wage and social debts +€3,301
up €3,301 (+13.2%), from €25,058 to €28,359
- Gross operating margin +€18,854
up €18,854 (+20.4%), from €92,567 to €111,421
- Taxes +€5,395
up €5,395 (+31.7%), from €17,008 to €22,403
- Depreciation +€1,570
up €1,570 (+28.7%), from €5,477 to €7,047
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 | €153,897 | €154,154 | +€256 | +0.2% |
| Fixed assets | 21/28 | €13,201 | €29,459 | +€16,258 | +123.2% |
| Tangible fixed assets | 22/27 | €13,201 | €29,459 | +€16,258 | +123.2% |
| Plant, machinery and equipment | 23 | €6,713 | €23,251 | +€16,538 | +246.4% |
| Furniture and vehicles | 24 | €6,488 | €6,208 | -€280 | -4.3% |
| Current assets | 29/58 | €140,696 | €124,695 | -€16,001 | -11.4% |
| Amounts receivable within one year | 40/41 | - | €5,455 | +€5,455 | |
| Trade receivables | 40 | - | €5,455 | +€5,455 | |
| Cash at bank and in hand | 54/58 | €139,017 | €119,240 | -€19,778 | -14.2% |
| Deferred charges and accrued income | 490/1 | €1,679 | - | -€1,679 | |
| Total equity and liabilities | 10/49 | €153,897 | €154,154 | +€256 | +0.2% |
| Equity | 10/15 | €55,220 | €55,220 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €36,620 | €36,620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Distributable reserves | 133 | €36,000 | €36,000 | = | 0.0% |
| Amounts payable | 17/49 | €98,677 | €98,934 | +€256 | +0.3% |
| Amounts payable within one year | 42/48 | €98,677 | €98,934 | +€256 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €1,571 | €1,448 | -€123 | -7.8% |
| Trade debts | 44 | €485 | €5,273 | +€4,788 | +986.3% |
| Suppliers | 440/4 | €485 | €5,273 | +€4,788 | +986.3% |
| Taxes, remuneration and social security | 45 | €25,058 | €28,359 | +€3,301 | +13.2% |
| Taxes | 450/3 | €25,058 | €28,359 | +€3,301 | +13.2% |
| Other amounts payable | 47/48 | €71,563 | €63,854 | -€7,709 | -10.8% |
| Remuneration, social security and pensions | 62 | €2,330 | €1,991 | -€339 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,477 | €7,047 | +€1,570 | +28.7% |
| Other operating charges | 640/8 | €98 | €772 | +€674 | +690.1% |
| Gross operating margin | 9900 | €92,567 | €111,421 | +€18,854 | +20.4% |
| Operating profit (loss) | 9901 | €84,662 | €101,611 | +€16,950 | +20.0% |
| Financial income | 75/76B | - | €13 | +€13 | |
| Recurring financial income | 75 | - | €13 | +€13 | |
| Financial charges | 65/66B | €523 | €459 | -€64 | -12.2% |
| Recurring financial charges | 65 | €523 | €459 | -€64 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €84,139 | €101,166 | +€17,026 | +20.2% |
| Income taxes | 67/77 | €17,008 | €22,403 | +€5,395 | +31.7% |
| Profit (loss) for the period | 9904 | €67,132 | €78,763 | +€11,631 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,132 | €78,763 | +€11,631 | +17.3% |
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 11 October 2026 via checked.be.