INDUCARE: 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.
INDUCARE
Largest movements
- Cash +€59,355
up €59,355 (+84.3%), from €70,425 to €129,781
mainly Net result for the year (+€39,072) and Depreciation (+€8,926)
- Tangible fixed assets -€8,926
down €8,926 (-12.5%), from €71,409 to €62,483
- Profit (loss) carried forward +€39,072
up €39,072 (+26.5%), from -€147,224 to -€108,152
- Other debts +€8,782
up €8,782 (+4.8%), from €181,268 to €190,050
- Tax, wage and social debts +€3,860
new in 2025: €3,860
- Gross operating margin +€62,469
up €62,469 (+914.6%), from €6,830 to €69,299
- Other operating charges +€20,036
up €20,036 (+1684.6%), from €1,189 to €21,225
- Financial income -€5,266
no longer reported in 2025 (was €5,266)
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 | €234,952 | €286,577 | +€51,626 | +22.0% |
| Fixed assets | 21/28 | €71,409 | €62,483 | -€8,926 | -12.5% |
| Tangible fixed assets | 22/27 | €71,409 | €62,483 | -€8,926 | -12.5% |
| Land and buildings | 22 | €71,409 | €62,483 | -€8,926 | -12.5% |
| Current assets | 29/58 | €163,543 | €224,095 | +€60,552 | +37.0% |
| Amounts receivable within one year | 40/41 | €93,043 | €94,314 | +€1,271 | +1.4% |
| Other amounts receivable | 41 | €93,043 | €94,314 | +€1,271 | +1.4% |
| Cash at bank and in hand | 54/58 | €70,425 | €129,781 | +€59,355 | +84.3% |
| Deferred charges and accrued income | 490/1 | €74 | - | -€74 | |
| Total equity and liabilities | 10/49 | €234,952 | €286,577 | +€51,626 | +22.0% |
| Equity | 10/15 | €53,067 | €92,140 | +€39,072 | +73.6% |
| Contributions | 10/11 | €155,000 | €155,000 | = | 0.0% |
| Capital | 10 | €155,000 | €155,000 | = | 0.0% |
| Issued capital | 100 | €155,000 | €155,000 | = | 0.0% |
| Reserves | 13 | €45,292 | €45,292 | = | 0.0% |
| Non-distributable reserves | 130/1 | €248 | €248 | = | 0.0% |
| Legal reserve | 130 | €248 | €248 | = | 0.0% |
| Distributable reserves | 133 | €45,044 | €45,044 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,224 | -€108,152 | +€39,072 | +26.5% |
| Amounts payable | 17/49 | €181,885 | €194,438 | +€12,553 | +6.9% |
| Amounts payable within one year | 42/48 | €181,885 | €194,438 | +€12,553 | +6.9% |
| Trade debts | 44 | €617 | €527 | -€89 | -14.5% |
| Suppliers | 440/4 | €617 | €527 | -€89 | -14.5% |
| Taxes, remuneration and social security | 45 | - | €3,860 | +€3,860 | |
| Taxes | 450/3 | - | €3,860 | +€3,860 | |
| Other amounts payable | 47/48 | €181,268 | €190,050 | +€8,782 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,936 | €8,926 | -€10 | -0.1% |
| Other operating charges | 640/8 | €1,189 | €21,225 | +€20,036 | +1684.6% |
| Gross operating margin | 9900 | €6,830 | €69,299 | +€62,469 | +914.6% |
| Operating profit (loss) | 9901 | -€3,295 | €39,148 | +€42,443 | |
| Financial income | 75/76B | €5,266 | - | -€5,266 | |
| Recurring financial income | 75 | €5,266 | - | -€5,266 | |
| Financial charges | 65/66B | €29 | €75 | +€47 | +163.6% |
| Recurring financial charges | 65 | €29 | €75 | +€47 | +163.6% |
| Profit (loss) for the period before taxes | 9903 | €1,942 | €39,072 | +€37,130 | +1911.9% |
| Profit (loss) for the period | 9904 | €1,942 | €39,072 | +€37,130 | +1911.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,942 | €39,072 | +€37,130 | +1911.9% |
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 30 September 2026 via checked.be.