Induflex: what changed
What changed
Induflex
NACE 27.320, Manufacture of electrical equipment
filed annual accounts (NBB)
Net result for the year
-€530,554
2024 · €140,625-€671,179
Equity
€2.0m
2024 · €3.6m-€1.5m
Cash
€802,670
2024 · €1.8m-€975,936
Balance sheet total
€3.4m
2024 · €4.2m-€813,573
Largest movements
Assets
- Cash -€975,936
down €975,936 (-54.9%), from €1.8m to €802,670
mainly Contributions, distributions and other (-€1.0m) and Net result for the year (-€530,554)
- Receivables within one year +€191,953
up €191,953 (+29.3%), from €655,446 to €847,400
of which Trade receivables: +€177,761
- Stocks and contracts +€146,857
up €146,857 (+14.8%), from €990,179 to €1.1m
- Tangible fixed assets -€123,393
down €123,393 (-39.9%), from €309,188 to €185,795
of which Plant, machinery and equipment: -€89,791
- Receivables after one year -€60,000
down €60,000 (-14.3%), from €420,000 to €360,000
Equity and liabilities
- Reserves -€1.5m
down €1.5m (-70.9%), from €2.2m to €626,905
of which Distributable reserves: -€1.5m
- Trade debts +€813,806
up €813,806 (+273%), from €297,991 to €1.1m
- Provisions -€58,033
down €58,033 (-45.3%), from €127,979 to €69,946
Income statement
- Goods and materials +€1.1m
up €1.1m (+34.3%), from €3.2m to €4.3m
of which Purchases: +€856,952
- Services and other goods +€347,157
up €347,157 (+33.3%), from €1.0m to €1.4m
- Provisions -€98,085
down €98,085, from €40,057 to -€58,028
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
€140,625
Turnover
-€18,887
Other operating income
+€49,722
Goods and materials
-€1.1m
Services and other goods
-€347,157
Staff costs
+€23,167
Depreciation
+€7,403
Write-downs
-€58,475
Provisions
+€98,085
Other operating charges
+€6,232
Other operating items
+€676,746
Financial income
-€10,933
Financial charges
+€454
Taxes
+€7,155
Result 2025
-€530,554
raises the resultlowers the resultnot broken down further in the accounts
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
+€29,987
Investment
-€5,922
Financing
-€1.0m
Cash 2024
€1.8m
From operations (derived)
+€29,987
Net result for the year
-€530,554
Depreciation
+€129,315
Receivables after one year
+€60,000
Stocks and contracts
-€146,857
Receivables within one year
-€191,953
Deferred charges and accrued income
-€6,945
Provisions
-€58,033
Trade debts
+€813,806
Tax, wage and social debts
-€9,900
Accrued charges and deferred income
-€28,892
Investment (derived)
-€5,922
Investment in fixed assets (net)
-€5,922
Financing
-€1.0m
Contributions, distributions and other
-€1.0m
Cash 2025
€802,670
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,181,798 | €3,368,226 | -€813,573 | -19.5% |
| Fixed assets | 21/28 | €309,188 | €185,795 | -€123,393 | -39.9% |
| Tangible fixed assets | 22/27 | €309,188 | €185,795 | -€123,393 | -39.9% |
| Plant, machinery and equipment | 23 | €242,481 | €152,690 | -€89,791 | -37.0% |
| Furniture and vehicles | 24 | €23,227 | €10,005 | -€13,223 | -56.9% |
| Other tangible fixed assets | 26 | €39,749 | €23,101 | -€16,649 | -41.9% |
| Assets under construction and advance payments | 27 | €3,731 | €0 | -€3,731 | -100% |
| Current assets | 29/58 | €3,872,610 | €3,182,430 | -€690,180 | -17.8% |
| Amounts receivable after more than one year | 29 | €420,000 | €360,000 | -€60,000 | -14.3% |
| Other amounts receivable | 291 | €420,000 | €360,000 | -€60,000 | -14.3% |
| Stocks and contracts in progress | 3 | €990,179 | €1,137,037 | +€146,857 | +14.8% |
| Stocks | 30/36 | €990,179 | €1,137,037 | +€146,857 | +14.8% |
| Raw materials and consumables | 30/31 | €311,846 | €159,064 | -€152,781 | -49.0% |
| Work in progress | 32 | €449,163 | €741,912 | +€292,748 | +65.2% |
| Finished goods | 33 | €189,928 | €211,279 | +€21,351 | +11.2% |
| Goods purchased for resale | 34 | €15,160 | €24,782 | +€9,622 | +63.5% |
| Advance payments | 36 | €24,083 | €0 | -€24,083 | -100% |
| Amounts receivable within one year | 40/41 | €655,446 | €847,400 | +€191,953 | +29.3% |
| Trade receivables | 40 | €578,058 | €755,818 | +€177,761 | +30.8% |
| Other amounts receivable | 41 | €77,389 | €91,581 | +€14,193 | +18.3% |
| Cash at bank and in hand | 54/58 | €1,778,605 | €802,670 | -€975,936 | -54.9% |
| Deferred charges and accrued income | 490/1 | €28,379 | €35,325 | +€6,945 | +24.5% |
| Total equity and liabilities | 10/49 | €4,181,798 | €3,368,226 | -€813,573 | -19.5% |
| Equity | 10/15 | €3,567,459 | €2,036,905 | -€1.5m | -42.9% |
| Contributions | 10/11 | €1,410,000 | €1,410,000 | = | 0.0% |
| Capital | 10 | €1,410,000 | €1,410,000 | = | 0.0% |
| Issued capital | 100 | €1,410,000 | €1,410,000 | = | 0.0% |
| Reserves | 13 | €2,157,459 | €626,905 | -€1.5m | -70.9% |
| Non-distributable reserves | 130/1 | €141,000 | €141,000 | = | 0.0% |
| Legal reserve | 130 | €141,000 | €141,000 | = | 0.0% |
| Distributable reserves | 133 | €2,016,459 | €485,905 | -€1.5m | -75.9% |
| Provisions and deferred taxes | 16 | €127,979 | €69,946 | -€58,033 | -45.3% |
| Provisions for liabilities and charges | 160/5 | €127,979 | €69,946 | -€58,033 | -45.3% |
| Pensions and similar obligations | 160 | €947 | €0 | -€947 | -100% |
| Other liabilities and charges | 164/5 | €127,031 | €69,946 | -€57,086 | -44.9% |
| Amounts payable | 17/49 | €486,360 | €1,261,375 | +€775,015 | +159% |
| Amounts payable within one year | 42/48 | €426,966 | €1,230,873 | +€803,907 | +188% |
| Trade debts | 44 | €297,991 | €1,111,798 | +€813,806 | +273% |
| Suppliers | 440/4 | €297,991 | €1,111,798 | +€813,806 | +273% |
| Taxes, remuneration and social security | 45 | €128,975 | €119,076 | -€9,900 | -7.7% |
| Taxes | 450/3 | €7,670 | €0 | -€7,670 | -100% |
| Remuneration and social security | 454/9 | €121,305 | €119,076 | -€2,229 | -1.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €59,394 | €30,502 | -€28,892 | -48.6% |
| Operating income | 70/76A | €5,817,282 | €6,524,864 | +€707,582 | +12.2% |
| Turnover | 70 | €6,024,401 | €6,005,514 | -€18,887 | -0.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€285,097 | €391,649 | +€676,746 | |
| Other operating income | 74 | €77,978 | €127,701 | +€49,722 | +63.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Operating charges | 60/66A | €5,722,948 | €7,098,384 | +€1.4m | +24.0% |
| Goods for resale, raw materials and consumables | 60 | €3,224,596 | €4,329,286 | +€1.1m | +34.3% |
| Purchases | 600/8 | €3,344,221 | €4,201,173 | +€856,952 | +25.6% |
| Change in stocks: decrease (increase) | 609 | -€119,625 | €128,113 | +€247,738 | |
| Services and other goods | 61 | €1,043,667 | €1,390,824 | +€347,157 | +33.3% |
| Remuneration, social security and pensions | 62 | €1,215,954 | €1,192,787 | -€23,167 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,718 | €129,315 | -€7,403 | -5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €34,121 | €92,596 | +€58,475 | +171% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,057 | -€58,028 | -€98,085 | |
| Other operating charges | 640/8 | €27,836 | €21,604 | -€6,232 | -22.4% |
| Operating profit (loss) | 9901 | €94,334 | -€573,520 | -€667,854 | |
| Financial income | 75/76B | €56,467 | €45,534 | -€10,933 | -19.4% |
| Recurring financial income | 75 | €56,467 | €45,534 | -€10,933 | -19.4% |
| Income from current assets | 751 | €56,467 | €40,669 | -€15,798 | -28.0% |
| Other financial income | 752/9 | €0 | €4,865 | +€4,865 | +9,729,460% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €3,022 | €2,568 | -€454 | -15.0% |
| Recurring financial charges | 65 | €3,022 | €2,568 | -€454 | -15.0% |
| Debt charges | 650 | €0 | €26 | +€26 | |
| Other financial charges | 652/9 | €3,022 | €2,542 | -€480 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €147,780 | -€530,554 | -€678,334 | |
| Income taxes | 67/77 | €7,155 | €0 | -€7,155 | -100% |
| Taxes | 670/3 | €7,155 | €0 | -€7,155 | -100% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €140,625 | -€530,554 | -€671,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €140,625 | -€530,554 | -€671,179 |
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 3 November 2026 via checked.be.