InduProjects: 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.
InduProjects
Largest movements
- Tangible fixed assets +€179,718
up €179,718 (+3.8%), from €4.7m to €4.9m
of which Land and buildings: +€383,538
- Current investments -€100,776
down €100,776 (-16.7%), from €604,521 to €503,745
- Cash +€93,832
up €93,832 (+1143.8%), from €8,203 to €102,036
mainly Net result for the year (+€609,542) and Depreciation (+€331,610)
- Reserves +€609,542
up €609,542 (+331.4%), from €183,918 to €793,460
of which Distributable reserves: +€609,542
- Other debts -€497,834
down €497,834 (-23.5%), from €2.1m to €1.6m
- Debts after one year -€76,853
down €76,853 (-2.6%), from €2.9m to €2.8m
- Financial income +€234,536
up €234,536 (+3556.2%), from €6,595 to €241,131
- Gross operating margin +€20,796
up €20,796 (+2.0%), from €1.0m to €1.0m
- Depreciation +€15,279
up €15,279 (+4.8%), from €316,331 to €331,610
- Other operating charges -€14,651
down €14,651 (-45.1%), from €32,520 to €17,869
- Financial charges +€14,562
up €14,562 (+12.5%), from €116,847 to €131,410
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 | €5,824,643 | €5,954,975 | +€130,332 | +2.2% |
| Fixed assets | 21/28 | €4,728,769 | €4,908,487 | +€179,718 | +3.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €4,728,769 | €4,908,487 | +€179,718 | +3.8% |
| Land and buildings | 22 | €4,119,809 | €4,503,346 | +€383,538 | +9.3% |
| Plant, machinery and equipment | 23 | €6,961 | €4,793 | -€2,168 | -31.1% |
| Furniture and vehicles | 24 | €561,456 | €400,348 | -€161,108 | -28.7% |
| Assets under construction and advance payments | 27 | €40,544 | €0 | -€40,544 | -100.0% |
| Current assets | 29/58 | €1,095,873 | €1,046,487 | -€49,386 | -4.5% |
| Amounts receivable within one year | 40/41 | €471,391 | €428,123 | -€43,268 | -9.2% |
| Trade receivables | 40 | €418,327 | €415,442 | -€2,885 | -0.7% |
| Other amounts receivable | 41 | €53,063 | €12,681 | -€40,382 | -76.1% |
| Current investments | 50/53 | €604,521 | €503,745 | -€100,776 | -16.7% |
| Cash at bank and in hand | 54/58 | €8,203 | €102,036 | +€93,832 | +1143.8% |
| Deferred charges and accrued income | 490/1 | €11,758 | €12,583 | +€825 | +7.0% |
| Total equity and liabilities | 10/49 | €5,824,643 | €5,954,975 | +€130,332 | +2.2% |
| Equity | 10/15 | €213,918 | €823,460 | +€609,542 | +284.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €183,918 | €793,460 | +€609,542 | +331.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €183,918 | €793,460 | +€609,542 | +331.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,610,724 | €5,131,515 | -€479,210 | -8.5% |
| Amounts payable after more than one year | 17 | €2,916,774 | €2,839,921 | -€76,853 | -2.6% |
| Financial debts | 170/4 | €2,916,774 | €2,839,921 | -€76,853 | -2.6% |
| Amounts payable within one year | 42/48 | €2,693,950 | €2,291,594 | -€402,356 | -14.9% |
| Current portion of amounts payable after more than one year | 42 | €495,271 | €553,612 | +€58,342 | +11.8% |
| Financial debts | 43 | €58,861 | €105,288 | +€46,427 | +78.9% |
| Credit institutions | 430/8 | €58,861 | €105,288 | +€46,427 | +78.9% |
| Trade debts | 44 | €4,092 | €2,239 | -€1,853 | -45.3% |
| Suppliers | 440/4 | €4,092 | €2,239 | -€1,853 | -45.3% |
| Taxes, remuneration and social security | 45 | €21,585 | €14,147 | -€7,438 | -34.5% |
| Taxes | 450/3 | €9,200 | €1,015 | -€8,185 | -89.0% |
| Remuneration and social security | 454/9 | €12,386 | €13,132 | +€746 | +6.0% |
| Other amounts payable | 47/48 | €2,114,141 | €1,616,307 | -€497,834 | -23.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €66,275 | €70,333 | +€4,059 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €316,331 | €331,610 | +€15,279 | +4.8% |
| Other operating charges | 640/8 | €32,520 | €17,869 | -€14,651 | -45.1% |
| Gross operating margin | 9900 | €1,028,861 | €1,049,657 | +€20,796 | +2.0% |
| Operating profit (loss) | 9901 | €613,736 | €629,845 | +€16,109 | +2.6% |
| Financial income | 75/76B | €6,595 | €241,131 | +€234,536 | +3556.2% |
| Recurring financial income | 75 | €6,595 | €241,131 | +€234,536 | +3556.2% |
| Financial charges | 65/66B | €116,847 | €131,410 | +€14,562 | +12.5% |
| Recurring financial charges | 65 | €116,847 | €131,410 | +€14,562 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €503,483 | €739,566 | +€236,083 | +46.9% |
| Income taxes | 67/77 | €125,055 | €130,025 | +€4,970 | +4.0% |
| Profit (loss) for the period | 9904 | €378,428 | €609,542 | +€231,113 | +61.1% |
| Profit (loss) for the period to be appropriated | 9905 | €378,428 | €609,542 | +€231,113 | +61.1% |
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 5 October 2026 via checked.be.