INDUMAR: 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.
INDUMAR
Largest movements
- Receivables within one year -€16,690
down €16,690 (-96.1%), from €17,373 to €682
of which Other amounts receivable: -€12,859
- Profit (loss) carried forward -€11,471
down €11,471 (-13.0%), from -€88,198 to -€99,669
- Tax, wage and social debts -€2,597
down €2,597 (-100.0%), from €2,598 to €1
- Gross operating margin -€6,421
down €6,421 (-170.7%), from -€3,761 to -€10,183
- Financial charges +€678
up €678 (+747.7%), from €91 to €769
- Other operating charges -€379
down €379 (-42.2%), from €899 to €520
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 | €227,929 | €212,096 | -€15,833 | -6.9% |
| Current assets | 29/58 | €227,929 | €212,096 | -€15,833 | -6.9% |
| Stocks and contracts in progress | 3 | €210,549 | €210,549 | = | 0.0% |
| Stocks | 30/36 | €210,549 | €210,549 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,373 | €682 | -€16,690 | -96.1% |
| Trade receivables | 40 | €3,831 | - | -€3,831 | |
| Other amounts receivable | 41 | €13,542 | €682 | -€12,859 | -95.0% |
| Cash at bank and in hand | 54/58 | €7 | €383 | +€376 | +5359.7% |
| Deferred charges and accrued income | 490/1 | - | €481 | +€481 | |
| Total equity and liabilities | 10/49 | €227,929 | €212,096 | -€15,833 | -6.9% |
| Equity | 10/15 | -€26,225 | -€37,696 | -€11,471 | -43.7% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,198 | -€99,669 | -€11,471 | -13.0% |
| Amounts payable | 17/49 | €254,153 | €249,791 | -€4,362 | -1.7% |
| Amounts payable within one year | 42/48 | €254,153 | €249,791 | -€4,362 | -1.7% |
| Trade debts | 44 | €426 | €517 | +€91 | +21.2% |
| Suppliers | 440/4 | €426 | €517 | +€91 | +21.2% |
| Advances received on contracts in progress | 46 | €7,500 | €7,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,598 | €1 | -€2,597 | -100.0% |
| Taxes | 450/3 | €2,598 | €1 | -€2,597 | -100.0% |
| Other amounts payable | 47/48 | €243,630 | €241,774 | -€1,856 | -0.8% |
| Other operating charges | 640/8 | €899 | €520 | -€379 | -42.2% |
| Gross operating margin | 9900 | -€3,761 | -€10,183 | -€6,421 | -170.7% |
| Operating profit (loss) | 9901 | -€4,660 | -€10,702 | -€6,042 | -129.7% |
| Financial charges | 65/66B | €91 | €769 | +€678 | +747.7% |
| Recurring financial charges | 65 | €91 | €769 | +€678 | +747.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,751 | -€11,471 | -€6,721 | -141.5% |
| Profit (loss) for the period | 9904 | -€4,751 | -€11,471 | -€6,721 | -141.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,751 | -€11,471 | -€6,721 | -141.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.