INDRIBO INVEST: 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.
INDRIBO INVEST
Largest movements
- Tangible fixed assets -€202,729
down €202,729 (-6.6%), from €3.1m to €2.9m
of which Other tangible fixed assets: -€286,694
- Current investments +€148,810
up €148,810 (+9.6%), from €1.5m to €1.7m
- Contributions -€219,401
down €219,401 (-6.0%), from €3.7m to €3.5m
- Other debts +€196,435
up €196,435 (+50.8%), from €386,753 to €583,189
- Reserves +€140,563
up €140,563 (+9.7%), from €1.4m to €1.6m
- Debts after one year -€113,840
down €113,840 (-10.5%), from €1.1m to €969,076
- Financial income +€117,274
up €117,274 (+142%), from €82,334 to €199,608
- Depreciation -€51,425
down €51,425 (-27.2%), from €189,399 to €137,974
- Taxes -€26,972
down €26,972 (-57.3%), from €47,073 to €20,101
- Gross operating margin +€17,189
up €17,189 (+4.8%), from €357,614 to €374,803
- Financial charges +€11,600
up €11,600 (+39.3%), from €29,488 to €41,088
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 | €6,834,585 | €6,778,554 | -€56,031 | -0.8% |
| Fixed assets | 21/28 | €5,078,614 | €4,875,885 | -€202,729 | -4.0% |
| Tangible fixed assets | 22/27 | €3,082,088 | €2,879,359 | -€202,729 | -6.6% |
| Land and buildings | 22 | €409,300 | €409,300 | = | 0.0% |
| Furniture and vehicles | 24 | €193,232 | €277,196 | +€83,965 | +43.5% |
| Other tangible fixed assets | 26 | €2,479,556 | €2,192,862 | -€286,694 | -11.6% |
| Financial fixed assets | 28 | €1,996,526 | €1,996,526 | = | 0.0% |
| Current assets | 29/58 | €1,755,971 | €1,902,669 | +€146,698 | +8.4% |
| Amounts receivable within one year | 40/41 | €195,685 | €195,744 | +€59 | 0.0% |
| Trade receivables | 40 | €195,685 | €195,744 | +€59 | 0.0% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,546,716 | €1,695,525 | +€148,810 | +9.6% |
| Cash at bank and in hand | 54/58 | €9,640 | €7,174 | -€2,466 | -25.6% |
| Deferred charges and accrued income | 490/1 | €3,930 | €4,226 | +€296 | +7.5% |
| Total equity and liabilities | 10/49 | €6,834,585 | €6,778,554 | -€56,031 | -0.8% |
| Equity | 10/15 | €5,131,895 | €5,053,058 | -€78,838 | -1.5% |
| Contributions | 10/11 | €3,683,041 | €3,463,640 | -€219,401 | -6.0% |
| Reserves | 13 | €1,448,854 | €1,589,417 | +€140,563 | +9.7% |
| Distributable reserves | 133 | €1,448,854 | €1,589,417 | +€140,563 | +9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,702,690 | €1,725,496 | +€22,807 | +1.3% |
| Amounts payable after more than one year | 17 | €1,082,916 | €969,076 | -€113,840 | -10.5% |
| Financial debts | 170/4 | €1,082,916 | €969,076 | -€113,840 | -10.5% |
| Amounts payable within one year | 42/48 | €612,527 | €739,948 | +€127,421 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €112,288 | €113,840 | +€1,552 | +1.4% |
| Trade debts | 44 | €31,944 | €15,510 | -€16,435 | -51.4% |
| Suppliers | 440/4 | €31,944 | €15,510 | -€16,435 | -51.4% |
| Taxes, remuneration and social security | 45 | €81,542 | €27,410 | -€54,133 | -66.4% |
| Taxes | 450/3 | €81,542 | €25,710 | -€55,833 | -68.5% |
| Remuneration and social security | 454/9 | - | €1,700 | +€1,700 | |
| Other amounts payable | 47/48 | €386,753 | €583,189 | +€196,435 | +50.8% |
| Accrued charges and deferred income | 492/3 | €7,246 | €16,472 | +€9,226 | +127% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,399 | €137,974 | -€51,425 | -27.2% |
| Other operating charges | 640/8 | €19,826 | €19,288 | -€539 | -2.7% |
| Non-recurring operating charges | 66A | - | €184,798 | +€184,798 | |
| Gross operating margin | 9900 | €357,614 | €374,803 | +€17,189 | +4.8% |
| Operating profit (loss) | 9901 | €148,389 | €32,744 | -€115,645 | -77.9% |
| Financial income | 75/76B | €82,334 | €199,608 | +€117,274 | +142% |
| Recurring financial income | 75 | €82,334 | €199,608 | +€117,274 | +142% |
| Financial charges | 65/66B | €29,488 | €41,088 | +€11,600 | +39.3% |
| Recurring financial charges | 65 | €29,488 | €41,088 | +€11,600 | +39.3% |
| Profit (loss) for the period before taxes | 9903 | €201,234 | €191,264 | -€9,971 | -5.0% |
| Income taxes | 67/77 | €47,073 | €20,101 | -€26,972 | -57.3% |
| Profit (loss) for the period | 9904 | €154,161 | €171,162 | +€17,001 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €154,161 | €171,162 | +€17,001 | +11.0% |
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 31 October 2026 via checked.be.