INDUS HOME: 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.
INDUS HOME
Largest movements
- Tangible fixed assets +€230,265
up €230,265 (+40.9%), from €563,083 to €793,348
of which Land and buildings: +€189,507
- Cash -€48,601
down €48,601 (-78.6%), from €61,861 to €13,259
mainly Investment in fixed assets (net) (-€275,371) and Trade debts (-€44,046)
- Short-term financial debts +€220,000
new in 2025: €220,000
- Profit (loss) carried forward -€71,190
down €71,190 (-18.0%), from €396,250 to €325,060
- Trade debts -€44,046
down €44,046 (-85.3%), from €51,647 to €7,601
- Reserves +€34,321
up €34,321 (+9.1%), from €377,203 to €411,524
of which Tax-exempt reserves: +€34,321
- Debts after one year +€19,662
up €19,662 (+28.2%), from €69,670 to €89,332
of which Financial debts: +€17,772
- Gross operating margin -€414,000
down €414,000 (-85.5%), from €484,109 to €70,109
- Other operating charges +€29,761
up €29,761 (+217%), from €13,736 to €43,496
- Financial charges -€19,588
down €19,588 (-76.1%), from €25,743 to €6,156
- Depreciation -€6,853
down €6,853 (-13.2%), from €51,958 to €45,105
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 | €1,191,899 | €1,375,726 | +€183,827 | +15.4% |
| Fixed assets | 21/28 | €614,083 | €844,348 | +€230,265 | +37.5% |
| Tangible fixed assets | 22/27 | €563,083 | €793,348 | +€230,265 | +40.9% |
| Land and buildings | 22 | €449,991 | €639,498 | +€189,507 | +42.1% |
| Furniture and vehicles | 24 | €4,367 | - | -€4,367 | |
| Other tangible fixed assets | 26 | €108,724 | €153,849 | +€45,125 | +41.5% |
| Financial fixed assets | 28 | €51,000 | €51,000 | = | 0.0% |
| Current assets | 29/58 | €577,816 | €531,378 | -€46,438 | -8.0% |
| Stocks and contracts in progress | 3 | €400,369 | €400,369 | = | 0.0% |
| Stocks | 30/36 | €400,369 | €400,369 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €115,182 | €117,332 | +€2,149 | +1.9% |
| Trade receivables | 40 | €4,821 | €4,821 | = | 0.0% |
| Other amounts receivable | 41 | €110,362 | €112,511 | +€2,149 | +1.9% |
| Cash at bank and in hand | 54/58 | €61,861 | €13,259 | -€48,601 | -78.6% |
| Deferred charges and accrued income | 490/1 | €405 | €418 | +€14 | +3.3% |
| Total equity and liabilities | 10/49 | €1,191,899 | €1,375,726 | +€183,827 | +15.4% |
| Equity | 10/15 | €922,134 | €885,265 | -€36,869 | -4.0% |
| Contributions | 10/11 | €148,680 | €148,680 | = | 0.0% |
| Capital | 10 | €148,680 | €148,680 | = | 0.0% |
| Issued capital | 100 | €148,680 | €148,680 | = | 0.0% |
| Reserves | 13 | €377,203 | €411,524 | +€34,321 | +9.1% |
| Non-distributable reserves | 130/1 | €14,868 | €14,868 | = | 0.0% |
| Legal reserve | 130 | €14,868 | €14,868 | = | 0.0% |
| Tax-exempt reserves | 132 | €360,046 | €394,367 | +€34,321 | +9.5% |
| Distributable reserves | 133 | €2,289 | €2,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €396,250 | €325,060 | -€71,190 | -18.0% |
| Provisions and deferred taxes | 16 | €120,015 | €131,456 | +€11,440 | +9.5% |
| Deferred taxes | 168 | €120,015 | €131,456 | +€11,440 | +9.5% |
| Amounts payable | 17/49 | €149,750 | €359,006 | +€209,255 | +140% |
| Amounts payable after more than one year | 17 | €69,670 | €89,332 | +€19,662 | +28.2% |
| Financial debts | 170/4 | €58,893 | €76,665 | +€17,772 | +30.2% |
| Other amounts payable | 178/9 | €10,778 | €12,667 | +€1,890 | +17.5% |
| Amounts payable within one year | 42/48 | €79,580 | €269,673 | +€190,093 | +239% |
| Current portion of amounts payable after more than one year | 42 | €27,348 | €38,796 | +€11,449 | +41.9% |
| Financial debts | 43 | - | €220,000 | +€220,000 | |
| Credit institutions | 430/8 | - | €220,000 | +€220,000 | |
| Trade debts | 44 | €51,647 | €7,601 | -€44,046 | -85.3% |
| Suppliers | 440/4 | €51,647 | €7,601 | -€44,046 | -85.3% |
| Taxes, remuneration and social security | 45 | €586 | €998 | +€412 | +70.4% |
| Taxes | 450/3 | €115 | €527 | +€412 | +358% |
| Remuneration and social security | 454/9 | €471 | €471 | = | 0.0% |
| Other amounts payable | 47/48 | - | €2,279 | +€2,279 | |
| Accrued charges and deferred income | 492/3 | €500 | - | -€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,958 | €45,105 | -€6,853 | -13.2% |
| Other operating charges | 640/8 | €13,736 | €43,496 | +€29,761 | +217% |
| Gross operating margin | 9900 | €484,109 | €70,109 | -€414,000 | -85.5% |
| Operating profit (loss) | 9901 | €418,415 | -€18,493 | -€436,908 | |
| Financial income | 75/76B | €28 | €14 | -€15 | -51.7% |
| Recurring financial income | 75 | €28 | €14 | -€15 | -51.7% |
| Financial charges | 65/66B | €25,743 | €6,156 | -€19,588 | -76.1% |
| Recurring financial charges | 65 | €25,743 | €6,156 | -€19,588 | -76.1% |
| Profit (loss) for the period before taxes | 9903 | €392,700 | -€24,635 | -€417,335 | |
| Transfer from deferred taxes | 780 | - | €16,455 | +€16,455 | |
| Transfer to deferred taxes | 680 | - | €27,895 | +€27,895 | |
| Income taxes | 67/77 | €9 | €794 | +€785 | +9,230% |
| Profit (loss) for the period | 9904 | €392,691 | -€36,869 | -€429,560 | |
| Transfer from tax-exempt reserves | 789 | - | €49,364 | +€49,364 | |
| Transfer to tax-exempt reserves | 689 | - | €83,685 | +€83,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €392,691 | -€71,190 | -€463,881 |
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 19 October 2026 via checked.be.