INDUPRO: 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.
INDUPRO
Largest movements
- Cash +€59,077
up €59,077 (+40.6%), from €145,467 to €204,544
mainly Net result for the year (+€91,321) and Tax, wage and social debts (+€10,092)
- Receivables within one year +€42,652
up €42,652 (+49.5%), from €86,138 to €128,790
- Deferred charges and accrued income +€6,443
up €6,443 (+146%), from €4,425 to €10,868
- Reserves +€91,300
up €91,300 (+28.5%), from €320,860 to €412,160
- Tax, wage and social debts +€10,092
up €10,092 (+23.6%), from €42,705 to €52,797
of which Taxes: +€7,074
- Gross operating margin +€10,829
up €10,829 (+9.1%), from €118,666 to €129,496
- Taxes +€6,524
up €6,524 (+21.3%), from €30,583 to €37,107
- Financial income +€5,302
up €5,302 (+307%), from €1,729 to €7,030
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 | €450,065 | €551,759 | +€101,694 | +22.6% |
| Fixed assets | 21/28 | €9,022 | €5,937 | -€3,085 | -34.2% |
| Tangible fixed assets | 22/27 | €9,022 | €5,937 | -€3,085 | -34.2% |
| Furniture and vehicles | 24 | €9,022 | €5,937 | -€3,085 | -34.2% |
| Current assets | 29/58 | €441,043 | €545,822 | +€104,780 | +23.8% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €5,012 | €1,620 | -€3,393 | -67.7% |
| Stocks | 30/36 | €5,012 | €1,620 | -€3,393 | -67.7% |
| Amounts receivable within one year | 40/41 | €86,138 | €128,790 | +€42,652 | +49.5% |
| Trade receivables | 40 | €86,138 | €128,790 | +€42,652 | +49.5% |
| Cash at bank and in hand | 54/58 | €145,467 | €204,544 | +€59,077 | +40.6% |
| Deferred charges and accrued income | 490/1 | €4,425 | €10,868 | +€6,443 | +146% |
| Total equity and liabilities | 10/49 | €450,065 | €551,759 | +€101,694 | +22.6% |
| Equity | 10/15 | €340,851 | €432,172 | +€91,321 | +26.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €320,860 | €412,160 | +€91,300 | +28.5% |
| Distributable reserves | 133 | €320,860 | €412,160 | +€91,300 | +28.5% |
| Profit (loss) carried forward | 14 | €1,399 | €1,420 | +€21 | +1.5% |
| Amounts payable | 17/49 | €109,214 | €119,588 | +€10,374 | +9.5% |
| Amounts payable within one year | 42/48 | €109,214 | €119,588 | +€10,374 | +9.5% |
| Trade debts | 44 | €66,509 | €66,791 | +€282 | +0.4% |
| Suppliers | 440/4 | €66,509 | €66,791 | +€282 | +0.4% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €42,705 | €52,797 | +€10,092 | +23.6% |
| Taxes | 450/3 | €38,589 | €45,663 | +€7,074 | +18.3% |
| Remuneration and social security | 454/9 | €4,116 | €7,134 | +€3,017 | +73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,085 | €3,085 | = | 0.0% |
| Other operating charges | 640/8 | €1,392 | €1,374 | -€19 | -1.3% |
| Gross operating margin | 9900 | €118,666 | €129,496 | +€10,829 | +9.1% |
| Operating profit (loss) | 9901 | €114,189 | €125,037 | +€10,848 | +9.5% |
| Financial income | 75/76B | €1,729 | €7,030 | +€5,302 | +307% |
| Recurring financial income | 75 | €1,729 | €7,030 | +€5,302 | +307% |
| Financial charges | 65/66B | €4,807 | €3,639 | -€1,167 | -24.3% |
| Recurring financial charges | 65 | €4,807 | €3,639 | -€1,167 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | €111,111 | €128,428 | +€17,317 | +15.6% |
| Income taxes | 67/77 | €30,583 | €37,107 | +€6,524 | +21.3% |
| Profit (loss) for the period | 9904 | €80,528 | €91,321 | +€10,793 | +13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €80,528 | €91,321 | +€10,793 | +13.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.