Indurium Engineering Services: 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.
Indurium Engineering Services
Largest movements
- Cash +€270,319
up €270,319 (+51.2%), from €527,707 to €798,026
mainly Net result for the year (+€496,657) and Other debts (+€329,311)
- Receivables within one year +€34,265
up €34,265 (+25.3%), from €135,487 to €169,753
of which Trade receivables: +€32,258
- Tangible fixed assets -€31,320
down €31,320 (-16.3%), from €191,566 to €160,246
of which Land and buildings: -€23,060
- Other debts +€329,311
up €329,311 (+153%), from €214,550 to €543,861
- Profit (loss) carried forward -€43,681
down €43,681 (-12.3%), from €355,703 to €312,021
- Tax, wage and social debts -€15,768
down €15,768 (-12.6%), from €125,373 to €109,605
of which Remuneration and social security: -€43,432
- Trade debts +€15,322
up €15,322 (+69.7%), from €21,977 to €37,298
- Debts after one year -€15,000
down €15,000 (-20.7%), from €72,500 to €57,500
- Gross operating margin +€575,453
up €575,453 (+66.5%), from €864,730 to €1.4m
- Staff costs +€137,062
up €137,062 (+24.8%), from €551,989 to €689,051
- Taxes +€108,470
up €108,470 (+174%), from €62,296 to €170,766
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 | €937,892 | €1,203,497 | +€265,604 | +28.3% |
| Fixed assets | 21/28 | €197,566 | €161,408 | -€36,158 | -18.3% |
| Intangible fixed assets | 21 | €5,601 | €763 | -€4,838 | -86.4% |
| Tangible fixed assets | 22/27 | €191,566 | €160,246 | -€31,320 | -16.3% |
| Land and buildings | 22 | €136,506 | €113,445 | -€23,060 | -16.9% |
| Plant, machinery and equipment | 23 | €21,150 | €30,340 | +€9,190 | +43.5% |
| Furniture and vehicles | 24 | €33,910 | €16,461 | -€17,449 | -51.5% |
| Financial fixed assets | 28 | €399 | €399 | = | 0.0% |
| Current assets | 29/58 | €740,326 | €1,042,088 | +€301,762 | +40.8% |
| Amounts receivable within one year | 40/41 | €135,487 | €169,753 | +€34,265 | +25.3% |
| Trade receivables | 40 | €97,147 | €129,405 | +€32,258 | +33.2% |
| Other amounts receivable | 41 | €38,340 | €40,348 | +€2,007 | +5.2% |
| Current investments | 50/53 | €12,600 | €12,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €527,707 | €798,026 | +€270,319 | +51.2% |
| Deferred charges and accrued income | 490/1 | €64,531 | €61,709 | -€2,822 | -4.4% |
| Total equity and liabilities | 10/49 | €937,892 | €1,203,497 | +€265,604 | +28.3% |
| Equity | 10/15 | €483,071 | €435,954 | -€47,116 | -9.8% |
| Contributions | 10/11 | €87,500 | €87,500 | = | 0.0% |
| Capital | 10 | €87,500 | €87,500 | = | 0.0% |
| Issued capital | 100 | €87,500 | €87,500 | = | 0.0% |
| Reserves | 13 | €39,868 | €36,433 | -€3,435 | -8.6% |
| Non-distributable reserves | 130/1 | €23,600 | €23,600 | = | 0.0% |
| Legal reserve | 130 | €11,000 | €11,000 | = | 0.0% |
| Own shares acquired | 1312 | €12,600 | €12,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,268 | €12,833 | -€3,435 | -21.1% |
| Profit (loss) carried forward | 14 | €355,703 | €312,021 | -€43,681 | -12.3% |
| Provisions and deferred taxes | 16 | €5,423 | €4,278 | -€1,145 | -21.1% |
| Deferred taxes | 168 | €5,423 | €4,278 | -€1,145 | -21.1% |
| Amounts payable | 17/49 | €449,399 | €763,265 | +€313,866 | +69.8% |
| Amounts payable after more than one year | 17 | €72,500 | €57,500 | -€15,000 | -20.7% |
| Financial debts | 170/4 | €72,500 | €57,500 | -€15,000 | -20.7% |
| Amounts payable within one year | 42/48 | €376,899 | €705,765 | +€328,866 | +87.3% |
| Current portion of amounts payable after more than one year | 42 | €15,000 | €15,000 | = | 0.0% |
| Trade debts | 44 | €21,977 | €37,298 | +€15,322 | +69.7% |
| Suppliers | 440/4 | €21,977 | €37,298 | +€15,322 | +69.7% |
| Taxes, remuneration and social security | 45 | €125,373 | €109,605 | -€15,768 | -12.6% |
| Taxes | 450/3 | €12,860 | €40,524 | +€27,664 | +215% |
| Remuneration and social security | 454/9 | €112,513 | €69,081 | -€43,432 | -38.6% |
| Other amounts payable | 47/48 | €214,550 | €543,861 | +€329,311 | +153% |
| Non-recurring operating income | 76A | - | €10,073 | +€10,073 | |
| Remuneration, social security and pensions | 62 | €551,989 | €689,051 | +€137,062 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,633 | €60,356 | +€8,723 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,100 | €11,813 | -€4,288 | -26.6% |
| Other operating charges | 640/8 | €10,024 | €7,595 | -€2,429 | -24.2% |
| Gross operating margin | 9900 | €864,730 | €1,440,183 | +€575,453 | +66.5% |
| Operating profit (loss) | 9901 | €234,984 | €671,368 | +€436,384 | +186% |
| Financial income | 75/76B | €1,335 | €3,619 | +€2,284 | +171% |
| Recurring financial income | 75 | €1,335 | €3,619 | +€2,284 | +171% |
| Financial charges | 65/66B | €4,835 | €8,710 | +€3,876 | +80.2% |
| Recurring financial charges | 65 | €4,835 | €8,710 | +€3,876 | +80.2% |
| Profit (loss) for the period before taxes | 9903 | €231,484 | €666,277 | +€434,793 | +188% |
| Transfer from deferred taxes | 780 | €1,145 | €1,145 | = | 0.0% |
| Income taxes | 67/77 | €62,296 | €170,766 | +€108,470 | +174% |
| Profit (loss) for the period | 9904 | €170,333 | €496,657 | +€326,323 | +192% |
| Transfer from tax-exempt reserves | 789 | €3,435 | €3,435 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,768 | €500,091 | +€326,323 | +188% |
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 15 October 2026 via checked.be.