INDUMATIC: 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.
INDUMATIC
Largest movements
- Stocks and contracts +€14,099
new in 2025: €14,099
- Cash +€6,306
up €6,306 (+4.8%), from €130,884 to €137,190
mainly Net result for the year (+€22,073) and Trade debts (+€12,161)
- Receivables within one year -€1,700
down €1,700 (-37.5%), from €4,530 to €2,830
of which Trade receivables: -€1,820
- Reserves +€22,073
up €22,073 (+21.8%), from €101,300 to €123,373
- Trade debts +€12,161
up €12,161 (+497.4%), from €2,445 to €14,606
- Debts after one year -€6,750
no longer reported in 2025 (was €6,750)
- Other debts -€5,344
down €5,344 (-45.4%), from €11,771 to €6,427
- Advances received -€1,820
no longer reported in 2025 (was €1,820)
- Gross operating margin -€51,188
down €51,188 (-58.0%), from €88,238 to €37,050
- Taxes -€16,769
down €16,769 (-59.1%), from €28,361 to €11,592
- Depreciation +€924
up €924 (+103.8%), from €890 to €1,814
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 | €140,462 | €160,503 | +€20,041 | +14.3% |
| Fixed assets | 21/28 | €3,232 | €4,254 | +€1,022 | +31.6% |
| Tangible fixed assets | 22/27 | €3,232 | €4,254 | +€1,022 | +31.6% |
| Plant, machinery and equipment | 23 | €1,862 | €3,456 | +€1,594 | +85.6% |
| Furniture and vehicles | 24 | €1,370 | €798 | -€572 | -41.7% |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €137,230 | €156,249 | +€19,019 | +13.9% |
| Stocks and contracts in progress | 3 | - | €14,099 | +€14,099 | |
| Stocks | 30/36 | - | €14,099 | +€14,099 | |
| Amounts receivable within one year | 40/41 | €4,530 | €2,830 | -€1,700 | -37.5% |
| Trade receivables | 40 | €1,820 | - | -€1,820 | |
| Other amounts receivable | 41 | €2,710 | €2,830 | +€120 | +4.4% |
| Cash at bank and in hand | 54/58 | €130,884 | €137,190 | +€6,306 | +4.8% |
| Deferred charges and accrued income | 490/1 | €1,816 | €2,131 | +€315 | +17.3% |
| Total equity and liabilities | 10/49 | €140,462 | €160,503 | +€20,041 | +14.3% |
| Equity | 10/15 | €117,103 | €139,176 | +€22,073 | +18.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €101,300 | €123,373 | +€22,073 | +21.8% |
| Distributable reserves | 133 | €101,300 | €123,373 | +€22,073 | +21.8% |
| Profit (loss) carried forward | 14 | €9,603 | €9,603 | -€0 | 0.0% |
| Amounts payable | 17/49 | €23,359 | €21,328 | -€2,031 | -8.7% |
| Amounts payable after more than one year | 17 | €6,750 | - | -€6,750 | |
| Other amounts payable | 178/9 | €6,750 | - | -€6,750 | |
| Amounts payable within one year | 42/48 | €16,036 | €21,328 | +€5,292 | +33.0% |
| Trade debts | 44 | €2,445 | €14,606 | +€12,161 | +497.4% |
| Suppliers | 440/4 | €2,445 | €14,606 | +€12,161 | +497.4% |
| Advances received on contracts in progress | 46 | €1,820 | - | -€1,820 | |
| Taxes, remuneration and social security | 45 | - | €294 | +€294 | |
| Taxes | 450/3 | - | €294 | +€294 | |
| Other amounts payable | 47/48 | €11,771 | €6,427 | -€5,344 | -45.4% |
| Accrued charges and deferred income | 492/3 | €573 | - | -€573 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €890 | €1,814 | +€924 | +103.8% |
| Other operating charges | 640/8 | €1,630 | €1,424 | -€206 | -12.6% |
| Gross operating margin | 9900 | €88,238 | €37,050 | -€51,188 | -58.0% |
| Operating profit (loss) | 9901 | €85,718 | €33,812 | -€51,906 | -60.6% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €685 | €148 | -€537 | -78.3% |
| Recurring financial charges | 65 | €685 | €148 | -€537 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €85,033 | €33,665 | -€51,368 | -60.4% |
| Income taxes | 67/77 | €28,361 | €11,592 | -€16,769 | -59.1% |
| Profit (loss) for the period | 9904 | €56,672 | €22,073 | -€34,599 | -61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,672 | €22,073 | -€34,599 | -61.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.