INDUPARTS: 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.
INDUPARTS
Largest movements
- Receivables within one year +€58,147
up €58,147 (+27.4%), from €212,596 to €270,743
of which Trade receivables: +€54,074
- Cash -€26,305
down €26,305 (-17.3%), from €151,620 to €125,315
mainly Receivables within one year (-€58,147) and Other debts (-€31,247)
- Tangible fixed assets -€6,253
down €6,253 (-19.8%), from €31,593 to €25,340
- Trade debts +€33,210
new in 2025: €33,210
- Other debts -€31,247
down €31,247 (-18.7%), from €167,475 to €136,228
- Reserves +€20,766
up €20,766 (+8.4%), from €248,428 to €269,194
- Tax, wage and social debts +€20,143
up €20,143 (+66.6%), from €30,257 to €50,400
of which Taxes: +€14,204
- Accrued charges and deferred income -€13,335
down €13,335 (-96.0%), from €13,887 to €552
- Gross operating margin +€23,759
up €23,759 (+16.6%), from €143,085 to €166,844
- Staff costs +€23,290
up €23,290 (+24.9%), from €93,691 to €116,981
- Financial charges -€6,675
down €6,675 (-34.9%), from €19,123 to €12,448
- Taxes +€2,985
up €2,985 (+25.2%), from €11,828 to €14,813
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 | €478,597 | €508,134 | +€29,537 | +6.2% |
| Fixed assets | 21/28 | €31,593 | €25,340 | -€6,253 | -19.8% |
| Tangible fixed assets | 22/27 | €31,593 | €25,340 | -€6,253 | -19.8% |
| Plant, machinery and equipment | 23 | €2,958 | €2,338 | -€620 | -21.0% |
| Furniture and vehicles | 24 | €3,287 | €736 | -€2,551 | -77.6% |
| Other tangible fixed assets | 26 | €25,348 | €22,267 | -€3,081 | -12.2% |
| Current assets | 29/58 | €447,004 | €482,794 | +€35,790 | +8.0% |
| Stocks and contracts in progress | 3 | €75,328 | €79,435 | +€4,107 | +5.5% |
| Stocks | 30/36 | €75,328 | €79,435 | +€4,107 | +5.5% |
| Amounts receivable within one year | 40/41 | €212,596 | €270,743 | +€58,147 | +27.4% |
| Trade receivables | 40 | €157,267 | €211,341 | +€54,074 | +34.4% |
| Other amounts receivable | 41 | €55,329 | €59,402 | +€4,073 | +7.4% |
| Cash at bank and in hand | 54/58 | €151,620 | €125,315 | -€26,305 | -17.3% |
| Deferred charges and accrued income | 490/1 | €7,460 | €7,301 | -€159 | -2.1% |
| Total equity and liabilities | 10/49 | €478,597 | €508,134 | +€29,537 | +6.2% |
| Equity | 10/15 | €266,978 | €287,744 | +€20,766 | +7.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €248,428 | €269,194 | +€20,766 | +8.4% |
| Distributable reserves | 133 | €248,428 | €269,194 | +€20,766 | +8.4% |
| Amounts payable | 17/49 | €211,619 | €220,390 | +€8,771 | +4.1% |
| Amounts payable within one year | 42/48 | €197,732 | €219,838 | +€22,106 | +11.2% |
| Trade debts | 44 | - | €33,210 | +€33,210 | |
| Suppliers | 440/4 | - | €33,210 | +€33,210 | |
| Taxes, remuneration and social security | 45 | €30,257 | €50,400 | +€20,143 | +66.6% |
| Taxes | 450/3 | €16,036 | €30,240 | +€14,204 | +88.6% |
| Remuneration and social security | 454/9 | €14,221 | €20,161 | +€5,940 | +41.8% |
| Other amounts payable | 47/48 | €167,475 | €136,228 | -€31,247 | -18.7% |
| Accrued charges and deferred income | 492/3 | €13,887 | €552 | -€13,335 | -96.0% |
| Remuneration, social security and pensions | 62 | €93,691 | €116,981 | +€23,290 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,848 | €6,253 | +€405 | +6.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€676 | €0 | +€676 | |
| Other operating charges | 640/8 | €2,310 | €2,182 | -€128 | -5.5% |
| Gross operating margin | 9900 | €143,085 | €166,844 | +€23,759 | +16.6% |
| Operating profit (loss) | 9901 | €41,912 | €41,428 | -€484 | -1.2% |
| Financial income | 75/76B | €7,894 | €6,599 | -€1,295 | -16.4% |
| Recurring financial income | 75 | €7,894 | €6,599 | -€1,295 | -16.4% |
| Financial charges | 65/66B | €19,123 | €12,448 | -€6,675 | -34.9% |
| Recurring financial charges | 65 | €19,123 | €12,448 | -€6,675 | -34.9% |
| Profit (loss) for the period before taxes | 9903 | €30,683 | €35,579 | +€4,896 | +16.0% |
| Income taxes | 67/77 | €11,828 | €14,813 | +€2,985 | +25.2% |
| Profit (loss) for the period | 9904 | €18,855 | €20,766 | +€1,911 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €18,855 | €20,766 | +€1,911 | +10.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.