INDUPLAN: 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.
INDUPLAN
Largest movements
- Current investments +€147,000
new in 2025: €147,000
- Receivables after one year -€94,045
no longer reported in 2025 (was €94,045)
- Cash +€60,235
up €60,235 (+3941.1%), from €1,528 to €61,764
mainly Net result for the year (+€116,270) and Receivables after one year (+€94,045)
- Tangible fixed assets +€29,530
up €29,530 (+4125.4%), from €716 to €30,246
of which Other tangible fixed assets: +€24,262
- Receivables within one year -€16,251
down €16,251 (-35.4%), from €45,956 to €29,705
of which Trade receivables: -€18,346
- Reserves +€114,361
up €114,361 (+158.2%), from €72,289 to €186,650
of which Distributable reserves: +€117,099
- Trade debts +€17,277
up €17,277 (+1158.9%), from €1,491 to €18,768
- Debts after one year -€13,402
down €13,402 (-60.3%), from €22,231 to €8,829
- Tax, wage and social debts +€11,908
up €11,908 (+142.0%), from €8,384 to €20,292
- Other debts -€8,663
down €8,663 (-81.9%), from €10,572 to €1,909
- Gross operating margin +€127,088
up €127,088 (+332.3%), from €38,241 to €165,330
- Taxes +€34,195
up €34,195 (+251.2%), from €13,614 to €47,809
- Financial income -€2,218
down €2,218 (-46.7%), from €4,753 to €2,534
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 | €148,138 | €269,937 | +€121,799 | +82.2% |
| Fixed assets | 21/28 | €716 | €30,246 | +€29,530 | +4125.4% |
| Tangible fixed assets | 22/27 | €716 | €30,246 | +€29,530 | +4125.4% |
| Plant, machinery and equipment | 23 | - | €3,534 | +€3,534 | |
| Furniture and vehicles | 24 | €716 | €2,450 | +€1,734 | +242.3% |
| Other tangible fixed assets | 26 | - | €24,262 | +€24,262 | |
| Current assets | 29/58 | €147,422 | €239,691 | +€92,268 | +62.6% |
| Amounts receivable after more than one year | 29 | €94,045 | - | -€94,045 | |
| Other amounts receivable | 291 | €94,045 | - | -€94,045 | |
| Amounts receivable within one year | 40/41 | €45,956 | €29,705 | -€16,251 | -35.4% |
| Trade receivables | 40 | €32,670 | €14,324 | -€18,346 | -56.2% |
| Other amounts receivable | 41 | €13,286 | €15,381 | +€2,095 | +15.8% |
| Current investments | 50/53 | - | €147,000 | +€147,000 | |
| Cash at bank and in hand | 54/58 | €1,528 | €61,764 | +€60,235 | +3941.1% |
| Deferred charges and accrued income | 490/1 | €5,893 | €1,222 | -€4,670 | -79.3% |
| Total equity and liabilities | 10/49 | €148,138 | €269,937 | +€121,799 | +82.2% |
| Equity | 10/15 | €92,860 | €207,221 | +€114,361 | +123.2% |
| Contributions | 10/11 | €14,200 | €14,200 | = | 0.0% |
| Reserves | 13 | €72,289 | €186,650 | +€114,361 | +158.2% |
| Non-distributable reserves | 130/1 | €2,738 | - | -€2,738 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | €878 | - | -€878 | |
| Distributable reserves | 133 | €69,551 | €186,650 | +€117,099 | +168.4% |
| Profit (loss) carried forward | 14 | €6,371 | €6,371 | = | 0.0% |
| Amounts payable | 17/49 | €55,278 | €62,716 | +€7,438 | +13.5% |
| Amounts payable after more than one year | 17 | €22,231 | €8,829 | -€13,402 | -60.3% |
| Financial debts | 170/4 | €22,231 | €8,829 | -€13,402 | -60.3% |
| Amounts payable within one year | 42/48 | €33,047 | €53,887 | +€20,840 | +63.1% |
| Current portion of amounts payable after more than one year | 42 | €12,600 | €12,918 | +€319 | +2.5% |
| Trade debts | 44 | €1,491 | €18,768 | +€17,277 | +1158.9% |
| Suppliers | 440/4 | €1,491 | €18,768 | +€17,277 | +1158.9% |
| Taxes, remuneration and social security | 45 | €8,384 | €20,292 | +€11,908 | +142.0% |
| Taxes | 450/3 | €8,384 | €20,292 | +€11,908 | +142.0% |
| Other amounts payable | 47/48 | €10,572 | €1,909 | -€8,663 | -81.9% |
| Non-recurring operating income | 76A | - | €24,011 | +€24,011 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €736 | €2,002 | +€1,267 | +172.1% |
| Other operating charges | 640/8 | €660 | €513 | -€147 | -22.2% |
| Gross operating margin | 9900 | €38,241 | €165,330 | +€127,088 | +332.3% |
| Operating profit (loss) | 9901 | €36,846 | €162,814 | +€125,968 | +341.9% |
| Financial income | 75/76B | €4,753 | €2,534 | -€2,218 | -46.7% |
| Recurring financial income | 75 | €4,753 | €2,534 | -€2,218 | -46.7% |
| Financial charges | 65/66B | €1,119 | €1,270 | +€151 | +13.5% |
| Recurring financial charges | 65 | €1,119 | €1,270 | +€151 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €40,480 | €164,079 | +€123,599 | +305.3% |
| Income taxes | 67/77 | €13,614 | €47,809 | +€34,195 | +251.2% |
| Profit (loss) for the period | 9904 | €26,866 | €116,270 | +€89,404 | +332.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,866 | €116,270 | +€89,404 | +332.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.