INDRI: 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.
INDRI
Largest movements
- Receivables within one year +€28,420
up €28,420 (+16.9%), from €168,122 to €196,542
of which Trade receivables: +€27,609
- Cash +€26,781
up €26,781 (+34.0%), from €78,742 to €105,523
mainly Net result for the year (+€60,112) and Depreciation (+€20,743)
- Tangible fixed assets -€6,141
down €6,141 (-3.2%), from €191,383 to €185,242
of which Land and buildings: -€14,156
- Profit (loss) carried forward +€60,112
up €60,112 (+25.0%), from €240,176 to €300,288
- Debts after one year -€16,639
down €16,639 (-12.6%), from €132,163 to €115,524
- Tax, wage and social debts +€8,699
up €8,699 (+104%), from €8,361 to €17,060
of which Taxes: +€12,493
- Trade debts -€7,124
no longer reported in 2025 (was €7,124)
- Gross operating margin +€34,102
up €34,102 (+48.4%), from €70,456 to €104,558
- Taxes -€25,577
down €25,577 (-56.4%), from €45,345 to €19,768
- Financial income +€11,052
up €11,052 (+4,368%), from €253 to €11,305
- Other operating charges +€5,854
up €5,854 (+581%), from €1,008 to €6,862
- Financial charges -€2,315
down €2,315 (-21.6%), from €10,693 to €8,378
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 | €443,717 | €492,862 | +€49,145 | +11.1% |
| Fixed assets | 21/28 | €194,978 | €188,837 | -€6,141 | -3.1% |
| Tangible fixed assets | 22/27 | €191,383 | €185,242 | -€6,141 | -3.2% |
| Land and buildings | 22 | €163,523 | €149,367 | -€14,156 | -8.7% |
| Plant, machinery and equipment | 23 | €1,912 | €426 | -€1,486 | -77.7% |
| Furniture and vehicles | 24 | - | €9,020 | +€9,020 | |
| Other tangible fixed assets | 26 | €25,948 | €26,429 | +€481 | +1.9% |
| Financial fixed assets | 28 | €3,595 | €3,595 | = | 0.0% |
| Current assets | 29/58 | €248,739 | €304,025 | +€55,286 | +22.2% |
| Amounts receivable within one year | 40/41 | €168,122 | €196,542 | +€28,420 | +16.9% |
| Trade receivables | 40 | €15,226 | €42,835 | +€27,609 | +181% |
| Other amounts receivable | 41 | €152,896 | €153,707 | +€811 | +0.5% |
| Cash at bank and in hand | 54/58 | €78,742 | €105,523 | +€26,781 | +34.0% |
| Deferred charges and accrued income | 490/1 | €1,875 | €1,960 | +€85 | +4.5% |
| Total equity and liabilities | 10/49 | €443,717 | €492,862 | +€49,145 | +11.1% |
| Equity | 10/15 | €280,169 | €340,281 | +€60,112 | +21.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €27,593 | €27,593 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €25,733 | €25,733 | = | 0.0% |
| Profit (loss) carried forward | 14 | €240,176 | €300,288 | +€60,112 | +25.0% |
| Amounts payable | 17/49 | €163,548 | €152,581 | -€10,967 | -6.7% |
| Amounts payable after more than one year | 17 | €132,163 | €115,524 | -€16,639 | -12.6% |
| Financial debts | 170/4 | €132,163 | €115,524 | -€16,639 | -12.6% |
| Amounts payable within one year | 42/48 | €31,385 | €37,057 | +€5,672 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €15,900 | €19,997 | +€4,097 | +25.8% |
| Trade debts | 44 | €7,124 | - | -€7,124 | |
| Suppliers | 440/4 | €7,124 | - | -€7,124 | |
| Taxes, remuneration and social security | 45 | €8,361 | €17,060 | +€8,699 | +104% |
| Taxes | 450/3 | €4,475 | €16,968 | +€12,493 | +279% |
| Remuneration and social security | 454/9 | €3,886 | €92 | -€3,794 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,983 | €20,743 | +€760 | +3.8% |
| Other operating charges | 640/8 | €1,008 | €6,862 | +€5,854 | +581% |
| Gross operating margin | 9900 | €70,456 | €104,558 | +€34,102 | +48.4% |
| Operating profit (loss) | 9901 | €49,465 | €76,953 | +€27,488 | +55.6% |
| Financial income | 75/76B | €253 | €11,305 | +€11,052 | +4,368% |
| Recurring financial income | 75 | €253 | €11,305 | +€11,052 | +4,368% |
| Financial charges | 65/66B | €10,693 | €8,378 | -€2,315 | -21.6% |
| Recurring financial charges | 65 | €10,693 | €8,378 | -€2,315 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €39,025 | €79,880 | +€40,855 | +105% |
| Income taxes | 67/77 | €45,345 | €19,768 | -€25,577 | -56.4% |
| Profit (loss) for the period | 9904 | -€6,320 | €60,112 | +€66,432 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,320 | €60,112 | +€66,432 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.