INDYSHOO: 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.
INDYSHOO
Largest movements
- Tangible fixed assets -€15,282
down €15,282 (-3.1%), from €493,203 to €477,920
- Debts after one year -€14,082
down €14,082 (-8.0%), from €175,195 to €161,113
- Gross operating margin -€12,773
down €12,773 (-23.9%), from €53,540 to €40,767
- Other operating charges +€4,218
up €4,218 (+41.1%), from €10,254 to €14,472
- Financial charges +€1,147
up €1,147 (+16.1%), from €7,130 to €8,277
- Depreciation -€585
down €585 (-3.7%), from €15,867 to €15,282
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 | €509,885 | €496,976 | -€12,909 | -2.5% |
| Fixed assets | 21/28 | €493,203 | €477,920 | -€15,282 | -3.1% |
| Tangible fixed assets | 22/27 | €493,203 | €477,920 | -€15,282 | -3.1% |
| Land and buildings | 22 | €493,203 | €477,920 | -€15,282 | -3.1% |
| Current assets | 29/58 | €16,682 | €19,056 | +€2,374 | +14.2% |
| Cash at bank and in hand | 54/58 | €16,682 | €18,863 | +€2,181 | +13.1% |
| Deferred charges and accrued income | 490/1 | - | €193 | +€193 | |
| Total equity and liabilities | 10/49 | €509,885 | €496,976 | -€12,909 | -2.5% |
| Equity | 10/15 | €7,280 | €9,432 | +€2,152 | +29.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,280 | €4,432 | +€2,152 | +94.4% |
| Amounts payable | 17/49 | €502,605 | €487,544 | -€15,061 | -3.0% |
| Amounts payable after more than one year | 17 | €175,195 | €161,113 | -€14,082 | -8.0% |
| Financial debts | 170/4 | €175,195 | €161,113 | -€14,082 | -8.0% |
| Amounts payable within one year | 42/48 | €324,935 | €323,916 | -€1,019 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €13,481 | €14,082 | +€600 | +4.5% |
| Trade debts | 44 | €1,634 | - | -€1,634 | |
| Suppliers | 440/4 | €1,634 | - | -€1,634 | |
| Taxes, remuneration and social security | 45 | €570 | €584 | +€14 | +2.5% |
| Taxes | 450/3 | €570 | €584 | +€14 | +2.5% |
| Other amounts payable | 47/48 | €309,250 | €309,250 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,475 | €2,515 | +€40 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,867 | €15,282 | -€585 | -3.7% |
| Other operating charges | 640/8 | €10,254 | €14,472 | +€4,218 | +41.1% |
| Gross operating margin | 9900 | €53,540 | €40,767 | -€12,773 | -23.9% |
| Operating profit (loss) | 9901 | €27,419 | €11,013 | -€16,406 | -59.8% |
| Financial charges | 65/66B | €7,130 | €8,277 | +€1,147 | +16.1% |
| Recurring financial charges | 65 | €7,130 | €8,277 | +€1,147 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €20,289 | €2,736 | -€17,553 | -86.5% |
| Income taxes | 67/77 | €570 | €584 | +€14 | +2.5% |
| Profit (loss) for the period | 9904 | €19,719 | €2,152 | -€17,567 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €19,719 | €2,152 | -€17,567 | -89.1% |
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 7 October 2026 via checked.be.