INDUMAR INSURANCE: 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 INSURANCE
Largest movements
- Cash +€27,545
up €27,545 (+10.5%), from €262,894 to €290,438
mainly Other debts (+€41,878) and Net result for the year (+€11,046)
- Tangible fixed assets +€13,128
new in 2025: €13,128
- Receivables within one year +€12,626
up €12,626 (+106%), from €11,888 to €24,514
- Other debts +€41,878
up €41,878 (+17.4%), from €240,401 to €282,279
- Reserves +€11,046
up €11,046 (+80.8%), from €13,664 to €24,709
of which Distributable reserves: +€11,046
- Staff costs +€17,839
up €17,839 (+28.9%), from €61,721 to €79,560
- Gross operating margin -€17,578
down €17,578 (-15.2%), from €115,386 to €97,808
- Taxes -€10,114
down €10,114 (-73.1%), from €13,830 to €3,716
- Depreciation +€2,756
new in 2025: €2,756
- Financial income -€2,705
down €2,705 (-92.6%), from €2,921 to €216
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 | €275,726 | €328,081 | +€52,355 | +19.0% |
| Fixed assets | 21/28 | - | €13,128 | +€13,128 | |
| Tangible fixed assets | 22/27 | - | €13,128 | +€13,128 | |
| Furniture and vehicles | 24 | - | €13,128 | +€13,128 | |
| Current assets | 29/58 | €275,726 | €314,952 | +€39,227 | +14.2% |
| Amounts receivable within one year | 40/41 | €11,888 | €24,514 | +€12,626 | +106% |
| Other amounts receivable | 41 | €11,888 | €24,514 | +€12,626 | +106% |
| Cash at bank and in hand | 54/58 | €262,894 | €290,438 | +€27,545 | +10.5% |
| Deferred charges and accrued income | 490/1 | €944 | €0 | -€944 | -100% |
| Total equity and liabilities | 10/49 | €275,726 | €328,081 | +€52,355 | +19.0% |
| Equity | 10/15 | €14,601 | €25,647 | +€11,046 | +75.7% |
| Contributions | 10/11 | €937 | €937 | = | 0.0% |
| Reserves | 13 | €13,664 | €24,709 | +€11,046 | +80.8% |
| Non-distributable reserves | 130/1 | €13 | €13 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13 | €13 | = | 0.0% |
| Distributable reserves | 133 | €13,651 | €24,696 | +€11,046 | +80.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €261,125 | €302,434 | +€41,309 | +15.8% |
| Amounts payable within one year | 42/48 | €260,073 | €302,434 | +€42,361 | +16.3% |
| Trade debts | 44 | €12,860 | €11,015 | -€1,845 | -14.3% |
| Suppliers | 440/4 | €12,860 | €11,015 | -€1,845 | -14.3% |
| Taxes, remuneration and social security | 45 | €6,812 | €9,140 | +€2,328 | +34.2% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €6,812 | €9,140 | +€2,328 | +34.2% |
| Other amounts payable | 47/48 | €240,401 | €282,279 | +€41,878 | +17.4% |
| Accrued charges and deferred income | 492/3 | €1,052 | €0 | -€1,052 | -100% |
| Remuneration, social security and pensions | 62 | €61,721 | €79,560 | +€17,839 | +28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,756 | +€2,756 | |
| Other operating charges | 640/8 | €1,521 | €544 | -€977 | -64.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €115,386 | €97,808 | -€17,578 | -15.2% |
| Operating profit (loss) | 9901 | €52,144 | €14,948 | -€37,196 | -71.3% |
| Financial income | 75/76B | €2,921 | €216 | -€2,705 | -92.6% |
| Recurring financial income | 75 | €2,921 | €216 | -€2,705 | -92.6% |
| Financial charges | 65/66B | €2,196 | €402 | -€1,794 | -81.7% |
| Recurring financial charges | 65 | €2,196 | €402 | -€1,794 | -81.7% |
| Profit (loss) for the period before taxes | 9903 | €52,869 | €14,762 | -€38,107 | -72.1% |
| Income taxes | 67/77 | €13,830 | €3,716 | -€10,114 | -73.1% |
| Profit (loss) for the period | 9904 | €39,039 | €11,046 | -€27,993 | -71.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,039 | €11,046 | -€27,993 | -71.7% |
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 16 October 2026 via checked.be.