INDULGE: what changed
Two fiscal 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.
INDULGE
Largest movements
- Receivables within one year +€7,408
up €7,408 (+612.4%), from €1,210 to €8,618
of which Trade receivables: +€5,553
- Tangible fixed assets +€1,153
new in 2025: €1,153
- Profit (loss) carried forward +€6,080
no longer reported in 2025 (was -€6,080)
- Reserves +€5,042
new in 2025: €5,042
- Tax, wage and social debts +€3,649
new in 2025: €3,649
- Short-term financial debts -€2,701
down €2,701 (-84.7%), from €3,187 to €486
- Other debts -€2,222
no longer reported in 2025 (was €2,222)
- Gross operating margin +€20,950
up €20,950, from -€4,763 to €16,187
- Taxes +€3,649
new in 2025: €3,649
- Staff costs -€553
no longer reported in 2025 (was €553)
- Financial charges +€328
up €328 (+273.3%), from €120 to €448
- Depreciation +€305
new in 2025: €305
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,698 | €10,177 | +€8,479 | +499.4% |
| Fixed assets | 21/28 | - | €1,153 | +€1,153 | |
| Tangible fixed assets | 22/27 | - | €1,153 | +€1,153 | |
| Furniture and vehicles | 24 | - | €1,153 | +€1,153 | |
| Current assets | 29/58 | €1,698 | €9,023 | +€7,325 | +431.5% |
| Amounts receivable within one year | 40/41 | €1,210 | €8,618 | +€7,408 | +612.4% |
| Trade receivables | 40 | €1,210 | €6,763 | +€5,553 | +459.0% |
| Other amounts receivable | 41 | - | €1,855 | +€1,855 | |
| Deferred charges and accrued income | 490/1 | €488 | €405 | -€83 | -17.0% |
| Total equity and liabilities | 10/49 | €1,698 | €10,177 | +€8,479 | +499.4% |
| Equity | 10/15 | -€5,080 | €6,042 | +€11,122 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €5,042 | +€5,042 | |
| Distributable reserves | 133 | - | €5,042 | +€5,042 | |
| Profit (loss) carried forward | 14 | -€6,080 | - | +€6,080 | |
| Amounts payable | 17/49 | €6,778 | €4,135 | -€2,643 | -39.0% |
| Amounts payable within one year | 42/48 | €6,778 | €4,135 | -€2,643 | -39.0% |
| Financial debts | 43 | €3,187 | €486 | -€2,701 | -84.7% |
| Credit institutions | 430/8 | €3,187 | €486 | -€2,701 | -84.7% |
| Trade debts | 44 | €1,368 | - | -€1,368 | |
| Suppliers | 440/4 | €1,368 | - | -€1,368 | |
| Taxes, remuneration and social security | 45 | - | €3,649 | +€3,649 | |
| Taxes | 450/3 | - | €3,649 | +€3,649 | |
| Other amounts payable | 47/48 | €2,222 | - | -€2,222 | |
| Remuneration, social security and pensions | 62 | €553 | - | -€553 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €305 | +€305 | |
| Other operating charges | 640/8 | €645 | €663 | +€18 | +2.8% |
| Gross operating margin | 9900 | -€4,763 | €16,187 | +€20,950 | |
| Operating profit (loss) | 9901 | -€5,961 | €15,219 | +€21,180 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €120 | €448 | +€328 | +273.3% |
| Recurring financial charges | 65 | €120 | €448 | +€328 | +273.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,080 | €14,771 | +€20,851 | |
| Income taxes | 67/77 | - | €3,649 | +€3,649 | |
| Profit (loss) for the period | 9904 | -€6,080 | €11,122 | +€17,202 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,080 | €11,122 | +€17,202 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.