INDOWOODS: 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.
INDOWOODS
Largest movements
- Cash +€92,342
up €92,342 (+814%), from €11,338 to €103,680
mainly Trade debts (+€81,825) and Deferred charges and accrued income (+€28,767)
- Deferred charges and accrued income -€28,767
no longer reported in 2025 (was €28,767)
- Receivables within one year +€27,289
up €27,289 (+4.0%), from €689,620 to €716,909
of which Trade receivables: +€146,770
- Trade debts +€81,825
up €81,825 (+26.3%), from €310,917 to €392,742
- Other debts -€33,437
down €33,437 (-9.7%), from €344,928 to €311,492
- Profit (loss) carried forward +€28,338
up €28,338 (+86.0%), from €32,940 to €61,278
- Gross operating margin -€38,946
down €38,946 (-39.5%), from €98,685 to €59,739
- Financial charges -€11,540
down €11,540 (-33.3%), from €34,692 to €23,152
- Financial income -€6,109
down €6,109 (-32.0%), from €19,108 to €12,999
- Taxes +€5,571
up €5,571 (+110%), from €5,043 to €10,615
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.
Derived cash bridge
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 | €2,214,822 | €2,296,021 | +€81,199 | +3.7% |
| Fixed assets | 21/28 | €1,485,097 | €1,475,432 | -€9,665 | -0.7% |
| Intangible fixed assets | 21 | €71,864 | €62,497 | -€9,367 | -13.0% |
| Tangible fixed assets | 22/27 | €298 | - | -€298 | |
| Plant, machinery and equipment | 23 | €298 | - | -€298 | |
| Financial fixed assets | 28 | €1,412,935 | €1,412,935 | = | 0.0% |
| Current assets | 29/58 | €729,725 | €820,589 | +€90,864 | +12.5% |
| Amounts receivable within one year | 40/41 | €689,620 | €716,909 | +€27,289 | +4.0% |
| Trade receivables | 40 | €423,931 | €570,701 | +€146,770 | +34.6% |
| Other amounts receivable | 41 | €265,688 | €146,208 | -€119,480 | -45.0% |
| Cash at bank and in hand | 54/58 | €11,338 | €103,680 | +€92,342 | +814% |
| Deferred charges and accrued income | 490/1 | €28,767 | - | -€28,767 | |
| Total equity and liabilities | 10/49 | €2,214,822 | €2,296,021 | +€81,199 | +3.7% |
| Equity | 10/15 | €1,248,462 | €1,276,800 | +€28,338 | +2.3% |
| Contributions | 10/11 | €1,213,894 | €1,213,894 | = | 0.0% |
| Capital | 10 | €1,213,894 | €1,213,894 | = | 0.0% |
| Issued capital | 100 | €1,213,894 | €1,213,894 | = | 0.0% |
| Reserves | 13 | €1,628 | €1,628 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,628 | €1,628 | = | 0.0% |
| Legal reserve | 130 | €1,628 | €1,628 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,940 | €61,278 | +€28,338 | +86.0% |
| Amounts payable | 17/49 | €966,360 | €1,019,221 | +€52,861 | +5.5% |
| Amounts payable within one year | 42/48 | €960,889 | €1,014,848 | +€53,959 | +5.6% |
| Financial debts | 43 | €300,000 | €300,000 | = | 0.0% |
| Credit institutions | 430/8 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €310,917 | €392,742 | +€81,825 | +26.3% |
| Suppliers | 440/4 | €310,917 | €392,742 | +€81,825 | +26.3% |
| Taxes, remuneration and social security | 45 | €5,043 | €10,615 | +€5,571 | +110% |
| Taxes | 450/3 | €5,043 | €10,615 | +€5,571 | +110% |
| Other amounts payable | 47/48 | €344,928 | €311,492 | -€33,437 | -9.7% |
| Accrued charges and deferred income | 492/3 | €5,471 | €4,373 | -€1,098 | -20.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,652 | €9,665 | -€987 | -9.3% |
| Other operating charges | 640/8 | €960 | €968 | +€7 | +0.8% |
| Gross operating margin | 9900 | €98,685 | €59,739 | -€38,946 | -39.5% |
| Operating profit (loss) | 9901 | €87,072 | €49,106 | -€37,967 | -43.6% |
| Financial income | 75/76B | €19,108 | €12,999 | -€6,109 | -32.0% |
| Recurring financial income | 75 | €19,108 | €12,999 | -€6,109 | -32.0% |
| Financial charges | 65/66B | €34,692 | €23,152 | -€11,540 | -33.3% |
| Recurring financial charges | 65 | €34,692 | €23,152 | -€11,540 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €71,489 | €38,952 | -€32,536 | -45.5% |
| Income taxes | 67/77 | €5,043 | €10,615 | +€5,571 | +110% |
| Profit (loss) for the period | 9904 | €66,445 | €28,338 | -€38,107 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,445 | €28,338 | -€38,107 | -57.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.