INDUMEC GROUP: 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.
INDUMEC GROUP
Largest movements
- Receivables within one year +€96,858
up €96,858 (+91.1%), from €106,369 to €203,227
of which Trade receivables: +€56,191
- Cash +€25,963
up €25,963 (+2,467%), from €1,052 to €27,015
mainly Net result for the year (+€115,657) and Trade debts (+€24,112)
- Financial fixed assets +€13,500
new in 2025: €13,500
- Tangible fixed assets +€5,832
new in 2025: €5,832
- Profit (loss) carried forward +€115,657
up €115,657 (+70.9%), from -€163,207 to -€47,550
- Trade debts +€24,112
up €24,112 (+63.1%), from €38,190 to €62,303
- Debts after one year -€10,282
down €10,282 (-4.9%), from €211,883 to €201,601
- Short-term financial debts +€8,988
up €8,988 (+537%), from €1,675 to €10,663
- Tax, wage and social debts +€3,983
new in 2025: €3,983
of which Remuneration and social security: +€2,718
- Gross operating margin +€62,250
up €62,250 (+82.9%), from €75,107 to €137,356
- Staff costs +€10,153
new in 2025: €10,153
- Other operating charges +€9,021
up €9,021 (+1,491%), from €605 to €9,626
- Depreciation +€1,576
new in 2025: €1,576
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 | €107,422 | €250,891 | +€143,469 | +134% |
| Fixed assets | 21/28 | - | €19,332 | +€19,332 | |
| Tangible fixed assets | 22/27 | - | €5,832 | +€5,832 | |
| Furniture and vehicles | 24 | - | €5,832 | +€5,832 | |
| Financial fixed assets | 28 | - | €13,500 | +€13,500 | |
| Current assets | 29/58 | €107,422 | €231,559 | +€124,137 | +116% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €106,369 | €203,227 | +€96,858 | +91.1% |
| Trade receivables | 40 | €84,698 | €140,889 | +€56,191 | +66.3% |
| Other amounts receivable | 41 | €21,671 | €62,338 | +€40,667 | +188% |
| Cash at bank and in hand | 54/58 | €1,052 | €27,015 | +€25,963 | +2,467% |
| Deferred charges and accrued income | 490/1 | - | €1,316 | +€1,316 | |
| Total equity and liabilities | 10/49 | €107,422 | €250,891 | +€143,469 | +134% |
| Equity | 10/15 | -€144,615 | -€28,958 | +€115,657 | +80.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€163,207 | -€47,550 | +€115,657 | +70.9% |
| Amounts payable | 17/49 | €252,037 | €279,849 | +€27,812 | +11.0% |
| Amounts payable after more than one year | 17 | €211,883 | €201,601 | -€10,282 | -4.9% |
| Other amounts payable | 178/9 | €211,883 | €201,601 | -€10,282 | -4.9% |
| Amounts payable within one year | 42/48 | €39,865 | €76,949 | +€37,084 | +93.0% |
| Financial debts | 43 | €1,675 | €10,663 | +€8,988 | +537% |
| Other loans | 439 | €1,675 | €10,663 | +€8,988 | +537% |
| Trade debts | 44 | €38,190 | €62,303 | +€24,112 | +63.1% |
| Suppliers | 440/4 | €38,190 | €62,303 | +€24,112 | +63.1% |
| Taxes, remuneration and social security | 45 | - | €3,983 | +€3,983 | |
| Taxes | 450/3 | - | €1,265 | +€1,265 | |
| Remuneration and social security | 454/9 | - | €2,718 | +€2,718 | |
| Accrued charges and deferred income | 492/3 | €289 | €1,299 | +€1,010 | +350% |
| Remuneration, social security and pensions | 62 | - | €10,153 | +€10,153 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,576 | +€1,576 | |
| Other operating charges | 640/8 | €605 | €9,626 | +€9,021 | +1,491% |
| Non-recurring operating charges | 66A | - | €58 | +€58 | |
| Gross operating margin | 9900 | €75,107 | €137,356 | +€62,250 | +82.9% |
| Operating profit (loss) | 9901 | €74,502 | €115,944 | +€41,442 | +55.6% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €469 | €297 | -€171 | -36.6% |
| Recurring financial charges | 65 | €469 | €297 | -€171 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €74,033 | €115,692 | +€41,658 | +56.3% |
| Income taxes | 67/77 | - | €34 | +€34 | |
| Profit (loss) for the period | 9904 | €74,033 | €115,657 | +€41,624 | +56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €74,033 | €115,657 | +€41,624 | +56.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.