Indurra: 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.
What changed
Indurra
NACE 25.110, Manufacture of metal structures and parts of structures
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€402,725
2024 · €225,315+€177,410
Equity
€2.4m
2024 · €2.0m+€384,396
Cash
€676,664
2024 · €477,165+€199,499
Balance sheet total
€13.4m
2024 · €11.1m+€2.3m
Largest movements
Assets
- Stocks and contracts +€2.7m
up €2.7m (+62.3%), from €4.3m to €7.0m
- Receivables within one year -€618,923
down €618,923 (-31.7%), from €2.0m to €1.3m
of which Trade receivables: -€619,938
- Cash +€199,499
up €199,499 (+41.8%), from €477,165 to €676,664
mainly Advances received (+€2.1m) and Receivables within one year (+€618,923)
Equity and liabilities
- Advances received +€2.1m
up €2.1m (+44.9%), from €4.7m to €6.8m
- Reserves +€384,396
up €384,396 (+20.0%), from €1.9m to €2.3m
of which Distributable reserves: +€274,936
- Accrued charges and deferred income +€178,493
up €178,493 (+388%), from €45,979 to €224,472
- Debts after one year -€169,372
down €169,372 (-8.4%), from €2.0m to €1.8m
Income statement
- Gross operating margin +€351,452
up €351,452 (+9.5%), from €3.7m to €4.1m
- Staff costs +€289,949
up €289,949 (+10.5%), from €2.8m to €3.0m
- Provisions -€187,164
down €187,164, from €109,662 to -€77,502
- Depreciation +€53,630
up €53,630 (+11.7%), from €458,252 to €511,881
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.
Result 2024
€225,315
Gross operating margin
+€351,452
Staff costs
-€289,949
Depreciation
-€53,630
Write-downs
-€59
Provisions
+€187,164
Other operating charges
-€13,040
Financial income
+€40,039
Financial charges
-€8,275
Taxes
-€36,293
Result 2025
€402,725
raises the resultlowers the result
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.
From operations
+€902,357
Investment
-€494,691
Financing
-€208,167
Cash 2024
€477,165
From operations (derived)
+€902,357
Net result for the year
+€402,725
Depreciation
+€511,881
Stocks and contracts
-€2.7m
Receivables within one year
+€618,923
Deferred charges and accrued income
-€31,038
Provisions
-€77,502
Trade debts
-€128,581
Tax, wage and social debts
-€2,994
Advances received
+€2.1m
Other debts
+€18,329
Accrued charges and deferred income
+€178,493
Investment (derived)
-€494,691
Investment in fixed assets (net)
-€455,898
Current investments
-€38,793
Financing
-€208,167
Debts after one year
-€169,372
Current portion of long-term debt
-€20,466
Contributions, distributions and other
-€18,329
Cash 2025
€676,664
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,090,892 | €13,379,413 | +€2.3m | +20.6% |
| Fixed assets | 21/28 | €3,781,760 | €3,725,776 | -€55,983 | -1.5% |
| Intangible fixed assets | 21 | €5,016 | €1,857 | -€3,159 | -63.0% |
| Tangible fixed assets | 22/27 | €3,776,744 | €3,723,919 | -€52,825 | -1.4% |
| Land and buildings | 22 | €3,009,749 | €2,881,270 | -€128,479 | -4.3% |
| Plant, machinery and equipment | 23 | €449,685 | €524,528 | +€74,843 | +16.6% |
| Furniture and vehicles | 24 | €292,442 | €316,349 | +€23,908 | +8.2% |
| Leasing and similar rights | 25 | €24,868 | €1,772 | -€23,096 | -92.9% |
| Current assets | 29/58 | €7,309,132 | €9,653,637 | +€2.3m | +32.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €4,325,829 | €7,019,926 | +€2.7m | +62.3% |
| Stocks | 30/36 | €4,325,829 | €7,019,926 | +€2.7m | +62.3% |
| Amounts receivable within one year | 40/41 | €1,950,577 | €1,331,654 | -€618,923 | -31.7% |
| Trade receivables | 40 | €1,948,955 | €1,329,017 | -€619,938 | -31.8% |
| Other amounts receivable | 41 | €1,621 | €2,637 | +€1,016 | +62.6% |
| Current investments | 50/53 | €436,045 | €474,838 | +€38,793 | +8.9% |
| Cash at bank and in hand | 54/58 | €477,165 | €676,664 | +€199,499 | +41.8% |
| Deferred charges and accrued income | 490/1 | €19,516 | €50,555 | +€31,038 | +159% |
| Total equity and liabilities | 10/49 | €11,090,892 | €13,379,413 | +€2.3m | +20.6% |
| Equity | 10/15 | €2,020,116 | €2,404,512 | +€384,396 | +19.0% |
| Contributions | 10/11 | €100,316 | €100,316 | = | 0.0% |
| Capital | 10 | €100,316 | €100,316 | = | 0.0% |
| Issued capital | 100 | €107,187 | €107,187 | = | 0.0% |
| Uncalled capital | 101 | €6,871 | €6,871 | = | 0.0% |
| Reserves | 13 | €1,919,801 | €2,304,197 | +€384,396 | +20.0% |
| Non-distributable reserves | 130/1 | €10,719 | €10,719 | = | 0.0% |
| Legal reserve | 130 | €10,719 | €10,719 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,205 | €117,665 | +€109,460 | +1,334% |
| Distributable reserves | 133 | €1,900,877 | €2,175,813 | +€274,936 | +14.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €437,953 | €360,451 | -€77,502 | -17.7% |
| Provisions for liabilities and charges | 160/5 | €437,953 | €360,451 | -€77,502 | -17.7% |
| Other liabilities and charges | 164/5 | €437,953 | €360,451 | -€77,502 | -17.7% |
| Amounts payable | 17/49 | €8,632,822 | €10,614,450 | +€2.0m | +23.0% |
| Amounts payable after more than one year | 17 | €2,018,324 | €1,848,952 | -€169,372 | -8.4% |
| Financial debts | 170/4 | €2,018,324 | €1,848,952 | -€169,372 | -8.4% |
| Amounts payable within one year | 42/48 | €6,568,519 | €8,541,026 | +€2.0m | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €331,502 | €311,036 | -€20,466 | -6.2% |
| Trade debts | 44 | €931,978 | €803,397 | -€128,581 | -13.8% |
| Suppliers | 440/4 | €931,978 | €803,397 | -€128,581 | -13.8% |
| Advances received on contracts in progress | 46 | €4,685,977 | €6,792,196 | +€2.1m | +44.9% |
| Taxes, remuneration and social security | 45 | €617,379 | €614,385 | -€2,994 | -0.5% |
| Taxes | 450/3 | €121,787 | €66,262 | -€55,526 | -45.6% |
| Remuneration and social security | 454/9 | €495,591 | €548,123 | +€52,532 | +10.6% |
| Other amounts payable | 47/48 | €1,683 | €20,012 | +€18,329 | +1,089% |
| Accrued charges and deferred income | 492/3 | €45,979 | €224,472 | +€178,493 | +388% |
| Non-recurring operating income | 76A | - | €15,665 | +€15,665 | |
| Remuneration, social security and pensions | 62 | €2,752,208 | €3,042,157 | +€289,949 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458,252 | €511,881 | +€53,630 | +11.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€59 | €0 | +€59 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €109,662 | -€77,502 | -€187,164 | |
| Other operating charges | 640/8 | €34,149 | €47,189 | +€13,040 | +38.2% |
| Gross operating margin | 9900 | €3,712,746 | €4,064,198 | +€351,452 | +9.5% |
| Operating profit (loss) | 9901 | €358,534 | €540,473 | +€181,939 | +50.7% |
| Financial income | 75/76B | €19,121 | €59,160 | +€40,039 | +209% |
| Recurring financial income | 75 | €19,121 | €59,160 | +€40,039 | +209% |
| Financial charges | 65/66B | €77,080 | €85,355 | +€8,275 | +10.7% |
| Recurring financial charges | 65 | €77,080 | €85,355 | +€8,275 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €300,575 | €514,278 | +€213,703 | +71.1% |
| Income taxes | 67/77 | €75,260 | €111,553 | +€36,293 | +48.2% |
| Profit (loss) for the period | 9904 | €225,315 | €402,725 | +€177,410 | +78.7% |
| Transfer to tax-exempt reserves | 689 | - | €109,460 | +€109,460 | |
| Profit (loss) for the period to be appropriated | 9905 | €225,315 | €293,265 | +€67,950 | +30.2% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.