INDY: 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.
INDY
Largest movements
- Cash -€23,906
down €23,906 (-97.8%), from €24,433 to €528
mainly Current portion of long-term debt (-€12,725) and Investment in fixed assets (net) (-€12,152)
- Tangible fixed assets -€19,398
down €19,398 (-4.3%), from €450,945 to €431,546
of which Land and buildings: -€16,298
- Receivables within one year +€6,528
up €6,528 (+44.0%), from €14,827 to €21,355
of which Other amounts receivable: +€12,512
- Current portion of long-term debt -€12,725
down €12,725 (-46.9%), from €27,117 to €14,392
- Debts after one year -€10,524
down €10,524 (-2.7%), from €393,740 to €383,216
- Profit (loss) carried forward -€8,995
down €8,995 (-9.7%), from -€93,144 to -€102,140
- Gross operating margin -€34,786
down €34,786 (-42.3%), from €82,270 to €47,484
- Other operating charges -€7,899
down €7,899 (-25.6%), from €30,830 to €22,931
- Financial charges -€6,430
down €6,430 (-87.7%), from €7,330 to €900
- Depreciation -€995
down €995 (-3.1%), from €32,456 to €31,461
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €499,511 | €462,029 | -€37,482 | -7.5% |
| Fixed assets | 21/28 | €451,395 | €432,086 | -€19,308 | -4.3% |
| Tangible fixed assets | 22/27 | €450,945 | €431,546 | -€19,398 | -4.3% |
| Land and buildings | 22 | €413,565 | €397,267 | -€16,298 | -3.9% |
| Plant, machinery and equipment | 23 | €37,379 | €30,214 | -€7,165 | -19.2% |
| Furniture and vehicles | 24 | €0 | €4,065 | +€4,065 | |
| Financial fixed assets | 28 | €450 | €540 | +€90 | +20.0% |
| Current assets | 29/58 | €48,117 | €29,943 | -€18,174 | -37.8% |
| Stocks and contracts in progress | 3 | €8,856 | €8,060 | -€796 | -9.0% |
| Stocks | 30/36 | €8,856 | €8,060 | -€796 | -9.0% |
| Amounts receivable within one year | 40/41 | €14,827 | €21,355 | +€6,528 | +44.0% |
| Trade receivables | 40 | €5,985 | €0 | -€5,985 | -100.0% |
| Other amounts receivable | 41 | €8,843 | €21,355 | +€12,512 | +141.5% |
| Cash at bank and in hand | 54/58 | €24,433 | €528 | -€23,906 | -97.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €499,511 | €462,029 | -€37,482 | -7.5% |
| Equity | 10/15 | -€16,881 | -€25,877 | -€8,995 | -53.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,863 | €63,863 | = | 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 | €10,100 | €10,100 | = | 0.0% |
| Distributable reserves | 133 | €51,903 | €51,903 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€93,144 | -€102,140 | -€8,995 | -9.7% |
| Amounts payable | 17/49 | €516,393 | €487,906 | -€28,487 | -5.5% |
| Amounts payable after more than one year | 17 | €393,740 | €383,216 | -€10,524 | -2.7% |
| Financial debts | 170/4 | €393,740 | €383,216 | -€10,524 | -2.7% |
| Amounts payable within one year | 42/48 | €122,653 | €104,690 | -€17,963 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €27,117 | €14,392 | -€12,725 | -46.9% |
| Trade debts | 44 | €41,257 | €37,067 | -€4,190 | -10.2% |
| Suppliers | 440/4 | €41,257 | €37,067 | -€4,190 | -10.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €639 | €2,065 | +€1,425 | +222.9% |
| Taxes | 450/3 | €639 | €2,065 | +€1,425 | +222.9% |
| Other amounts payable | 47/48 | €53,639 | €51,166 | -€2,473 | -4.6% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,456 | €31,461 | -€995 | -3.1% |
| Other operating charges | 640/8 | €30,830 | €22,931 | -€7,899 | -25.6% |
| Non-recurring operating charges | 66A | - | €692 | +€692 | |
| Gross operating margin | 9900 | €82,270 | €47,484 | -€34,786 | -42.3% |
| Operating profit (loss) | 9901 | €18,984 | -€7,599 | -€26,584 | |
| Financial income | 75/76B | €1 | €2 | +€2 | +237.3% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +237.3% |
| Financial charges | 65/66B | €7,330 | €900 | -€6,430 | -87.7% |
| Recurring financial charges | 65 | €7,330 | €900 | -€6,430 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | €11,655 | -€8,497 | -€20,152 | |
| Income taxes | 67/77 | €639 | €498 | -€141 | -22.1% |
| Profit (loss) for the period | 9904 | €11,016 | -€8,995 | -€20,011 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,016 | -€8,995 | -€20,011 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.