INDY-PLUS: 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-PLUS
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Tax, wage and social debts +€6,291
up €6,291 (+37.4%), from €16,832 to €23,123
- Other debts -€6,051
no longer reported in 2025 (was €6,051)
- Reserves -€4,475
down €4,475 (-3.7%), from €119,968 to €115,493
- Trade debts +€3,580
up €3,580 (+45.6%), from €7,854 to €11,434
- Accrued charges and deferred income -€2,105
down €2,105 (-82.4%), from €2,555 to €450
- Gross operating margin +€21,683
up €21,683 (+21.1%), from €102,803 to €124,486
- Staff costs +€14,316
up €14,316 (+12.7%), from €112,594 to €126,910
- Taxes -€1,736
no longer reported in 2025 (was €1,736)
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 | €165,659 | €162,899 | -€2,760 | -1.7% |
| Fixed assets | 21/28 | €1,737 | €1,074 | -€663 | -38.2% |
| Tangible fixed assets | 22/27 | €1,657 | €994 | -€663 | -40.0% |
| Furniture and vehicles | 24 | €1,657 | €994 | -€663 | -40.0% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €163,922 | €161,825 | -€2,097 | -1.3% |
| Amounts receivable within one year | 40/41 | €161,837 | €161,166 | -€671 | -0.4% |
| Other amounts receivable | 41 | €161,837 | €161,166 | -€671 | -0.4% |
| Current investments | 50/53 | €64 | €64 | +€0 | +0.4% |
| Cash at bank and in hand | 54/58 | €2,022 | €595 | -€1,427 | -70.6% |
| Total equity and liabilities | 10/49 | €165,659 | €162,899 | -€2,760 | -1.7% |
| Equity | 10/15 | €132,368 | €127,893 | -€4,475 | -3.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €119,968 | €115,493 | -€4,475 | -3.7% |
| Distributable reserves | 133 | €119,968 | €115,493 | -€4,475 | -3.7% |
| Amounts payable | 17/49 | €33,291 | €35,007 | +€1,715 | +5.2% |
| Amounts payable within one year | 42/48 | €30,737 | €34,557 | +€3,820 | +12.4% |
| Trade debts | 44 | €7,854 | €11,434 | +€3,580 | +45.6% |
| Suppliers | 440/4 | €7,854 | €11,434 | +€3,580 | +45.6% |
| Taxes, remuneration and social security | 45 | €16,832 | €23,123 | +€6,291 | +37.4% |
| Remuneration and social security | 454/9 | €16,832 | €23,123 | +€6,291 | +37.4% |
| Other amounts payable | 47/48 | €6,051 | - | -€6,051 | |
| Accrued charges and deferred income | 492/3 | €2,555 | €450 | -€2,105 | -82.4% |
| Remuneration, social security and pensions | 62 | €112,594 | €126,910 | +€14,316 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €663 | €663 | = | 0.0% |
| Other operating charges | 640/8 | €603 | €694 | +€91 | +15.1% |
| Gross operating margin | 9900 | €102,803 | €124,486 | +€21,683 | +21.1% |
| Operating profit (loss) | 9901 | -€11,056 | -€3,780 | +€7,276 | +65.8% |
| Financial income | 75/76B | €0 | €1 | +€0 | +119.2% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +119.2% |
| Financial charges | 65/66B | €391 | €696 | +€305 | +78.0% |
| Recurring financial charges | 65 | €391 | €696 | +€305 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,447 | -€4,475 | +€6,972 | +60.9% |
| Income taxes | 67/77 | €1,736 | - | -€1,736 | |
| Profit (loss) for the period | 9904 | -€13,183 | -€4,475 | +€8,707 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,183 | -€4,475 | +€8,707 | +66.1% |
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 12 October 2026 via checked.be.