Indufin Fund Manager: what changed
What changed
Indufin Fund Manager
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€6,746
2024 · €4,399+€2,347
Equity
€789,794
2024 · €783,048+€6,746
Cash
€167,642
2024 · €221,767-€54,124
Balance sheet total
€2.9m
2024 · €2.9m+€8,456
Largest movements
Assets
- Receivables within one year +€61,829
up €61,829 (+49.0%), from €126,159 to €187,989
of which Trade receivables: +€62,906
- Cash -€54,124
down €54,124 (-24.4%), from €221,767 to €167,642
mainly Receivables within one year (-€61,829) and Trade debts (-€30,859)
Equity and liabilities
- Trade debts -€30,859
down €30,859 (-10.5%), from €293,729 to €262,870
Income statement
- Turnover -€698,000
down €698,000 (-50.3%), from €1.4m to €691,000
- Services and other goods -€636,757
down €636,757 (-41.7%), from €1.5m to €889,370
- Other operating income +€58,415
up €58,415 (+28.3%), from €206,050 to €264,465
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€4,399
Turnover
-€698,000
Other operating income
+€58,415
Services and other goods
+€636,757
Other operating charges
+€7,797
Financial income
-€902
Financial charges
-€937
Taxes
-€782
Result 2025
€6,746
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€54,124
Investment
€0
Financing
€0
Cash 2024
€221,767
From operations (derived)
-€54,124
Net result for the year
+€6,746
Depreciation
+€804
Receivables within one year
-€61,829
Deferred charges and accrued income
-€1,556
Trade debts
-€30,859
Tax, wage and social debts
+€22,080
Accrued charges and deferred income
+€10,490
Cash 2025
€167,642
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,858,195 | €2,866,652 | +€8,456 | +0.3% |
| Fixed assets | 21/28 | €2,503,818 | €2,503,014 | -€804 | 0.0% |
| Tangible fixed assets | 22/27 | €3,818 | €3,014 | -€804 | -21.1% |
| Furniture and vehicles | 24 | €3,818 | €3,014 | -€804 | -21.1% |
| Financial fixed assets | 28 | €2,500,000 | €2,500,000 | = | 0.0% |
| Affiliated companies | 280/1 | €2,500,000 | €2,500,000 | = | 0.0% |
| Participating interests | 280 | €2,500,000 | €2,500,000 | = | 0.0% |
| Current assets | 29/58 | €354,377 | €363,638 | +€9,261 | +2.6% |
| Amounts receivable within one year | 40/41 | €126,159 | €187,989 | +€61,829 | +49.0% |
| Trade receivables | 40 | €118,798 | €181,704 | +€62,906 | +53.0% |
| Other amounts receivable | 41 | €7,361 | €6,285 | -€1,077 | -14.6% |
| Cash at bank and in hand | 54/58 | €221,767 | €167,642 | -€54,124 | -24.4% |
| Deferred charges and accrued income | 490/1 | €6,451 | €8,007 | +€1,556 | +24.1% |
| Total equity and liabilities | 10/49 | €2,858,195 | €2,866,652 | +€8,456 | +0.3% |
| Equity | 10/15 | €783,048 | €789,794 | +€6,746 | +0.9% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €19,400 | €19,737 | +€337 | +1.7% |
| Non-distributable reserves | 130/1 | €19,400 | €19,737 | +€337 | +1.7% |
| Legal reserve | 130 | €19,400 | €19,737 | +€337 | +1.7% |
| Profit (loss) carried forward | 14 | €13,648 | €20,057 | +€6,409 | +47.0% |
| Amounts payable | 17/49 | €2,075,147 | €2,076,857 | +€1,710 | +0.1% |
| Amounts payable after more than one year | 17 | €1,750,000 | €1,750,000 | = | 0.0% |
| Financial debts | 170/4 | €1,750,000 | €1,750,000 | = | 0.0% |
| Other loans | 174 | €1,750,000 | €1,750,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €321,647 | €312,868 | -€8,780 | -2.7% |
| Trade debts | 44 | €293,729 | €262,870 | -€30,859 | -10.5% |
| Suppliers | 440/4 | €293,729 | €262,870 | -€30,859 | -10.5% |
| Taxes, remuneration and social security | 45 | €27,918 | €49,997 | +€22,080 | +79.1% |
| Taxes | 450/3 | €27,918 | €49,997 | +€22,080 | +79.1% |
| Accrued charges and deferred income | 492/3 | €3,500 | €13,990 | +€10,490 | +300% |
| Operating income | 70/76A | €1,595,050 | €955,465 | -€639,585 | -40.1% |
| Turnover | 70 | €1,389,000 | €691,000 | -€698,000 | -50.3% |
| Other operating income | 74 | €206,050 | €264,465 | +€58,415 | +28.3% |
| Operating charges | 60/66A | €1,536,022 | €891,467 | -€644,554 | -42.0% |
| Services and other goods | 61 | €1,526,126 | €889,370 | -€636,757 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €804 | €804 | = | 0.0% |
| Other operating charges | 640/8 | €9,091 | €1,294 | -€7,797 | -85.8% |
| Operating profit (loss) | 9901 | €59,029 | €63,997 | +€4,969 | +8.4% |
| Financial income | 75/76B | €902 | - | -€902 | |
| Recurring financial income | 75 | €902 | - | -€902 | |
| Other financial income | 752/9 | €902 | - | -€902 | |
| Financial charges | 65/66B | €54,065 | €55,002 | +€937 | +1.7% |
| Recurring financial charges | 65 | €54,065 | €55,002 | +€937 | +1.7% |
| Debt charges | 650 | €52,644 | €52,500 | -€144 | -0.3% |
| Other financial charges | 652/9 | €1,421 | €2,502 | +€1,081 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €5,866 | €8,995 | +€3,130 | +53.4% |
| Income taxes | 67/77 | €1,466 | €2,249 | +€782 | +53.4% |
| Taxes | 670/3 | €1,466 | €2,249 | +€782 | +53.4% |
| Profit (loss) for the period | 9904 | €4,399 | €6,746 | +€2,347 | +53.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,399 | €6,746 | +€2,347 | +53.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.