INDUO: 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.
INDUO
Largest movements
- Tangible fixed assets -€22,771
down €22,771 (-3.7%), from €616,746 to €593,975
of which Other tangible fixed assets: -€26,905
- Debts after one year -€17,250
down €17,250 (-9.0%), from €191,598 to €174,349
- Tax, wage and social debts -€11,769
down €11,769 (-65.5%), from €17,977 to €6,208
of which Remuneration and social security: -€11,397
- Reserves +€10,000
up €10,000 (+31.2%), from €32,050 to €42,050
of which Distributable reserves: +€10,000
- Depreciation -€8,503
down €8,503 (-18.4%), from €46,265 to €37,761
- Taxes +€2,245
up €2,245 (+173%), from €1,294 to €3,539
- Gross operating margin -€2,099
down €2,099 (-3.5%), from €59,957 to €57,858
- Financial charges -€1,781
down €1,781 (-19.4%), from €9,164 to €7,383
- Other operating charges -€1,229
down €1,229 (-44.3%), from €2,776 to €1,547
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 | €739,059 | €716,795 | -€22,264 | -3.0% |
| Fixed assets | 21/28 | €616,766 | €593,975 | -€22,791 | -3.7% |
| Tangible fixed assets | 22/27 | €616,746 | €593,975 | -€22,771 | -3.7% |
| Land and buildings | 22 | €67,842 | €60,945 | -€6,897 | -10.2% |
| Plant, machinery and equipment | 23 | €1,852 | €1,245 | -€607 | -32.8% |
| Furniture and vehicles | 24 | €789 | €12,427 | +€11,638 | +1,475% |
| Other tangible fixed assets | 26 | €546,263 | €519,358 | -€26,905 | -4.9% |
| Financial fixed assets | 28 | €20 | - | -€20 | |
| Current assets | 29/58 | €122,293 | €122,820 | +€528 | +0.4% |
| Amounts receivable within one year | 40/41 | €89,288 | €86,304 | -€2,984 | -3.3% |
| Trade receivables | 40 | €85,588 | €50,924 | -€34,664 | -40.5% |
| Other amounts receivable | 41 | €3,700 | €35,380 | +€31,680 | +856% |
| Cash at bank and in hand | 54/58 | €31,766 | €35,035 | +€3,269 | +10.3% |
| Deferred charges and accrued income | 490/1 | €1,238 | €1,481 | +€243 | +19.6% |
| Total equity and liabilities | 10/49 | €739,059 | €716,795 | -€22,264 | -3.0% |
| Equity | 10/15 | €94,252 | €100,880 | +€6,628 | +7.0% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €32,050 | €42,050 | +€10,000 | +31.2% |
| Non-distributable reserves | 130/1 | €3,600 | €3,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,600 | €3,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,450 | €3,450 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Profit (loss) carried forward | 14 | €26,202 | €22,830 | -€3,372 | -12.9% |
| Amounts payable | 17/49 | €644,807 | €615,916 | -€28,891 | -4.5% |
| Amounts payable after more than one year | 17 | €191,598 | €174,349 | -€17,250 | -9.0% |
| Financial debts | 170/4 | €191,598 | €174,349 | -€17,250 | -9.0% |
| Amounts payable within one year | 42/48 | €448,295 | €436,950 | -€11,345 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €2,176 | €5,119 | +€2,943 | +135% |
| Suppliers | 440/4 | €2,176 | €5,119 | +€2,943 | +135% |
| Taxes, remuneration and social security | 45 | €17,977 | €6,208 | -€11,769 | -65.5% |
| Taxes | 450/3 | €6,580 | €6,208 | -€372 | -5.7% |
| Remuneration and social security | 454/9 | €11,397 | - | -€11,397 | |
| Other amounts payable | 47/48 | €408,142 | €405,623 | -€2,519 | -0.6% |
| Accrued charges and deferred income | 492/3 | €4,914 | €4,618 | -€296 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,265 | €37,761 | -€8,503 | -18.4% |
| Other operating charges | 640/8 | €2,776 | €1,547 | -€1,229 | -44.3% |
| Gross operating margin | 9900 | €59,957 | €57,858 | -€2,099 | -3.5% |
| Operating profit (loss) | 9901 | €10,916 | €18,550 | +€7,634 | +69.9% |
| Financial charges | 65/66B | €9,164 | €7,383 | -€1,781 | -19.4% |
| Recurring financial charges | 65 | €9,164 | €7,383 | -€1,781 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €1,752 | €11,167 | +€9,415 | +537% |
| Income taxes | 67/77 | €1,294 | €3,539 | +€2,245 | +173% |
| Profit (loss) for the period | 9904 | €458 | €7,628 | +€7,170 | +1,566% |
| Profit (loss) for the period to be appropriated | 9905 | €458 | €7,628 | +€7,170 | +1,566% |
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 25 October 2026 via checked.be.