INDACO CONSTRUCTIE: 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.
What changed
INDACO CONSTRUCTIE
NACE 41.003, General construction of other non-residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€623,982
2024 · €379,141+€244,841
Equity
€6.5m
2024 · €5.9m+€622,482
Cash
€787,104
2024 · €706,097+€81,007
Balance sheet total
€10.1m
2024 · €10.0m+€181,304
Largest movements
Assets
- Receivables within one year +€445,516
up €445,516 (+64.4%), from €691,944 to €1.1m
of which Trade receivables: +€525,110
- Stocks and contracts -€159,537
down €159,537 (-12.8%), from €1.2m to €1.1m
of which Contracts in progress: -€159,537
- Current investments -€127,216
down €127,216 (-12.9%), from €987,489 to €860,273
Equity and liabilities
- Reserves +€622,482
up €622,482 (+11.4%), from €5.4m to €6.1m
of which Distributable reserves: +€348,832
- Debts after one year -€309,414
down €309,414 (-16.8%), from €1.8m to €1.5m
- Trade debts -€258,140
down €258,140 (-18.9%), from €1.4m to €1.1m
- Accrued charges and deferred income +€169,995
up €169,995 (+683.3%), from €24,879 to €194,874
Income statement
- Gross operating margin +€256,405
up €256,405 (+15.4%), from €1.7m to €1.9m
- Taxes +€130,611
up €130,611 (+116.9%), from €111,735 to €242,346
- Staff costs -€80,463
down €80,463 (-10.3%), from €780,286 to €699,822
- Financial income +€31,527
up €31,527 (+120.5%), from €26,163 to €57,689
- Depreciation +€26,783
up €26,783 (+9.9%), from €270,597 to €297,380
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.
Result 2024
€379,141
Gross operating margin
+€256,405
Staff costs
+€80,463
Depreciation
-€26,783
Write-downs
+€26,769
Other operating charges
-€5,855
Financial income
+€31,527
Financial charges
+€12,926
Taxes
-€130,611
Result 2025
€623,982
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.
From operations
+€499,113
Investment
-€111,834
Financing
-€306,273
Cash 2024
€706,097
From operations (derived)
+€499,113
Net result for the year
+€623,982
Depreciation
+€297,380
Stocks and contracts
+€159,537
Receivables within one year
-€445,516
Deferred charges and accrued income
+€136
Trade debts
-€258,140
Tax, wage and social debts
+€4,164
Other debts
-€52,424
Accrued charges and deferred income
+€169,995
Investment (derived)
-€111,834
Investment in fixed assets (net)
-€239,050
Current investments
+€127,216
Financing
-€306,273
Debts after one year
-€309,414
Current portion of long-term debt
+€4,641
Contributions, distributions and other
-€1,500
Cash 2025
€787,104
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,967,895 | €10,149,199 | +€181,304 | +1.8% |
| Fixed assets | 21/28 | €5,222,291 | €5,163,961 | -€58,330 | -1.1% |
| Intangible fixed assets | 21 | €33,050 | €26,440 | -€6,610 | -20.0% |
| Tangible fixed assets | 22/27 | €5,189,241 | €5,137,521 | -€51,719 | -1.0% |
| Land and buildings | 22 | €4,250,274 | €4,227,935 | -€22,339 | -0.5% |
| Plant, machinery and equipment | 23 | €341,201 | €490,912 | +€149,712 | +43.9% |
| Furniture and vehicles | 24 | €428,946 | €372,221 | -€56,725 | -13.2% |
| Leasing and similar rights | 25 | €168,820 | €46,453 | -€122,367 | -72.5% |
| Current assets | 29/58 | €4,745,604 | €4,985,237 | +€239,633 | +5.0% |
| Amounts receivable after more than one year | 29 | €1,095,000 | €1,095,000 | = | 0.0% |
| Other amounts receivable | 291 | €1,095,000 | €1,095,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,247,777 | €1,088,239 | -€159,537 | -12.8% |
| Stocks | 30/36 | €1,007,595 | €1,007,595 | = | 0.0% |
| Contracts in progress | 37 | €240,182 | €80,644 | -€159,537 | -66.4% |
| Amounts receivable within one year | 40/41 | €691,944 | €1,137,460 | +€445,516 | +64.4% |
| Trade receivables | 40 | €513,163 | €1,038,273 | +€525,110 | +102.3% |
| Other amounts receivable | 41 | €178,781 | €99,188 | -€79,593 | -44.5% |
| Current investments | 50/53 | €987,489 | €860,273 | -€127,216 | -12.9% |
| Cash at bank and in hand | 54/58 | €706,097 | €787,104 | +€81,007 | +11.5% |
| Deferred charges and accrued income | 490/1 | €17,297 | €17,162 | -€136 | -0.8% |
| Total equity and liabilities | 10/49 | €9,967,895 | €10,149,199 | +€181,304 | +1.8% |
| Equity | 10/15 | €5,876,416 | €6,498,899 | +€622,482 | +10.6% |
| Contributions | 10/11 | €435,450 | €435,450 | = | 0.0% |
| Reserves | 13 | €5,440,966 | €6,063,449 | +€622,482 | +11.4% |
| Tax-exempt reserves | 132 | €3,785,363 | €4,059,013 | +€273,650 | +7.2% |
| Distributable reserves | 133 | €1,655,604 | €2,004,436 | +€348,832 | +21.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,091,478 | €3,650,300 | -€441,178 | -10.8% |
| Amounts payable after more than one year | 17 | €1,839,931 | €1,530,518 | -€309,414 | -16.8% |
| Financial debts | 170/4 | €1,839,931 | €1,530,518 | -€309,414 | -16.8% |
| Amounts payable within one year | 42/48 | €2,226,668 | €1,924,909 | -€301,759 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €462,555 | €467,195 | +€4,641 | +1.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,367,098 | €1,108,959 | -€258,140 | -18.9% |
| Suppliers | 440/4 | €1,367,098 | €1,108,959 | -€258,140 | -18.9% |
| Taxes, remuneration and social security | 45 | €66,036 | €70,200 | +€4,164 | +6.3% |
| Taxes | 450/3 | €15,311 | €13,469 | -€1,842 | -12.0% |
| Remuneration and social security | 454/9 | €50,725 | €56,731 | +€6,006 | +11.8% |
| Other amounts payable | 47/48 | €330,979 | €278,554 | -€52,424 | -15.8% |
| Accrued charges and deferred income | 492/3 | €24,879 | €194,874 | +€169,995 | +683.3% |
| Non-recurring operating income | 76A | €0 | €3,905 | +€3,905 | |
| Remuneration, social security and pensions | 62 | €780,286 | €699,822 | -€80,463 | -10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €270,597 | €297,380 | +€26,783 | +9.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,769 | €0 | -€26,769 | -100.0% |
| Other operating charges | 640/8 | €24,838 | €30,693 | +€5,855 | +23.6% |
| Gross operating margin | 9900 | €1,669,426 | €1,925,831 | +€256,405 | +15.4% |
| Operating profit (loss) | 9901 | €566,937 | €897,936 | +€330,999 | +58.4% |
| Financial income | 75/76B | €26,163 | €57,689 | +€31,527 | +120.5% |
| Recurring financial income | 75 | €26,163 | €57,689 | +€31,527 | +120.5% |
| Financial charges | 65/66B | €102,224 | €89,298 | -€12,926 | -12.6% |
| Recurring financial charges | 65 | €102,224 | €89,298 | -€12,926 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €490,876 | €866,328 | +€375,452 | +76.5% |
| Income taxes | 67/77 | €111,735 | €242,346 | +€130,611 | +116.9% |
| Profit (loss) for the period | 9904 | €379,141 | €623,982 | +€244,841 | +64.6% |
| Transfer to tax-exempt reserves | 689 | €210,500 | €273,650 | +€63,150 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €168,641 | €350,332 | +€181,691 | +107.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.