INDURO: 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.
INDURO
Largest movements
- Receivables within one year -€8,438
down €8,438 (-48.8%), from €17,283 to €8,844
of which Trade receivables: -€10,974
- Tangible fixed assets -€3,614
down €3,614 (-37.2%), from €9,723 to €6,109
of which Furniture and vehicles: -€3,241
- Cash +€1,903
up €1,903 (+104%), from €1,823 to €3,725
mainly Receivables within one year (+€8,438) and Depreciation (+€3,614)
- Deferred charges and accrued income +€424
up €424 (+52.2%), from €813 to €1,237
- Other debts -€13,048
no longer reported in 2025 (was €13,048)
- Profit (loss) carried forward +€1,151
up €1,151 (+10.9%), from €10,541 to €11,691
- Trade debts +€958
new in 2025: €958
- Tax, wage and social debts +€775
up €775 (+25.4%), from €3,053 to €3,828
- Accrued charges and deferred income +€438
new in 2025: €438
- Purchases and services +€133,558
up €133,558 (+118%), from €113,266 to €246,823
- Turnover +€125,250
up €125,250 (+97.8%), from €128,075 to €253,325
- Gross operating margin -€8,308
down €8,308 (-56.1%), from €14,809 to €6,502
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 | €29,641 | €19,916 | -€9,726 | -32.8% |
| Fixed assets | 21/28 | €9,723 | €6,109 | -€3,614 | -37.2% |
| Tangible fixed assets | 22/27 | €9,723 | €6,109 | -€3,614 | -37.2% |
| Plant, machinery and equipment | 23 | €984 | €612 | -€373 | -37.9% |
| Furniture and vehicles | 24 | €8,739 | €5,497 | -€3,241 | -37.1% |
| Current assets | 29/58 | €19,918 | €13,806 | -€6,112 | -30.7% |
| Amounts receivable within one year | 40/41 | €17,283 | €8,844 | -€8,438 | -48.8% |
| Trade receivables | 40 | €12,432 | €1,458 | -€10,974 | -88.3% |
| Other amounts receivable | 41 | €4,851 | €7,386 | +€2,535 | +52.3% |
| Cash at bank and in hand | 54/58 | €1,823 | €3,725 | +€1,903 | +104% |
| Deferred charges and accrued income | 490/1 | €813 | €1,237 | +€424 | +52.2% |
| Total equity and liabilities | 10/49 | €29,641 | €19,916 | -€9,726 | -32.8% |
| Equity | 10/15 | €13,541 | €14,691 | +€1,151 | +8.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,541 | €11,691 | +€1,151 | +10.9% |
| Amounts payable | 17/49 | €16,101 | €5,224 | -€10,877 | -67.6% |
| Amounts payable within one year | 42/48 | €16,101 | €4,786 | -€11,315 | -70.3% |
| Trade debts | 44 | - | €958 | +€958 | |
| Suppliers | 440/4 | - | €958 | +€958 | |
| Taxes, remuneration and social security | 45 | €3,053 | €3,828 | +€775 | +25.4% |
| Taxes | 450/3 | €3,053 | €3,828 | +€775 | +25.4% |
| Other amounts payable | 47/48 | €13,048 | - | -€13,048 | |
| Accrued charges and deferred income | 492/3 | - | €438 | +€438 | |
| Turnover | 70 | €128,075 | €253,325 | +€125,250 | +97.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €113,266 | €246,823 | +€133,558 | +118% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,120 | €3,614 | +€2,494 | +223% |
| Other operating charges | 640/8 | €84 | €492 | +€408 | +483% |
| Gross operating margin | 9900 | €14,809 | €6,502 | -€8,308 | -56.1% |
| Operating profit (loss) | 9901 | €13,605 | €2,396 | -€11,210 | -82.4% |
| Financial charges | 65/66B | €12 | €470 | +€458 | +3,813% |
| Recurring financial charges | 65 | €12 | €470 | +€458 | +3,813% |
| Profit (loss) for the period before taxes | 9903 | €13,593 | €1,926 | -€11,667 | -85.8% |
| Income taxes | 67/77 | €3,053 | €775 | -€2,277 | -74.6% |
| Profit (loss) for the period | 9904 | €10,541 | €1,151 | -€9,390 | -89.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,541 | €1,151 | -€9,390 | -89.1% |
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 14 October 2026 via checked.be.