Indusco: 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.
Indusco
Largest movements
- Current investments +€39,882
up €39,882 (+19.4%), from €205,774 to €245,656
- Receivables within one year -€27,547
down €27,547 (-43.7%), from €62,980 to €35,433
of which Trade receivables: -€20,930
- Cash -€20,721
down €20,721 (-14.4%), from €144,032 to €123,311
mainly Current investments (-€39,882) and Trade debts (-€10,390)
- Tangible fixed assets -€5,827
down €5,827 (-21.8%), from €26,781 to €20,954
of which Furniture and vehicles: -€5,357
- Trade debts -€10,390
down €10,390 (-58.9%), from €17,655 to €7,265
- Gross operating margin -€104,470
down €104,470 (-93.6%), from €111,647 to €7,177
- Taxes -€29,079
down €29,079 (-89.3%), from €32,562 to €3,483
- Depreciation +€4,107
up €4,107 (+216.9%), from €1,894 to €6,001
- Financial income +€2,559
up €2,559 (+90.8%), from €2,818 to €5,377
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 | €446,877 | €436,384 | -€10,493 | -2.3% |
| Fixed assets | 21/28 | €27,543 | €21,543 | -€6,001 | -21.8% |
| Intangible fixed assets | 21 | €722 | €548 | -€174 | -24.1% |
| Tangible fixed assets | 22/27 | €26,781 | €20,954 | -€5,827 | -21.8% |
| Plant, machinery and equipment | 23 | €1,030 | €561 | -€469 | -45.6% |
| Furniture and vehicles | 24 | €25,751 | €20,393 | -€5,357 | -20.8% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €419,334 | €414,842 | -€4,493 | -1.1% |
| Amounts receivable within one year | 40/41 | €62,980 | €35,433 | -€27,547 | -43.7% |
| Trade receivables | 40 | €36,795 | €15,865 | -€20,930 | -56.9% |
| Other amounts receivable | 41 | €26,185 | €19,568 | -€6,617 | -25.3% |
| Current investments | 50/53 | €205,774 | €245,656 | +€39,882 | +19.4% |
| Cash at bank and in hand | 54/58 | €144,032 | €123,311 | -€20,721 | -14.4% |
| Deferred charges and accrued income | 490/1 | €6,548 | €10,442 | +€3,894 | +59.5% |
| Total equity and liabilities | 10/49 | €446,877 | €436,384 | -€10,493 | -2.3% |
| Equity | 10/15 | €418,318 | €420,196 | +€1,877 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €412,118 | €413,996 | +€1,877 | +0.5% |
| Tax-exempt reserves | 132 | €153 | €153 | = | 0.0% |
| Distributable reserves | 133 | €411,965 | €413,842 | +€1,877 | +0.5% |
| Amounts payable | 17/49 | €28,559 | €16,189 | -€12,371 | -43.3% |
| Amounts payable within one year | 42/48 | €27,305 | €13,781 | -€13,524 | -49.5% |
| Trade debts | 44 | €17,655 | €7,265 | -€10,390 | -58.9% |
| Suppliers | 440/4 | €17,655 | €7,265 | -€10,390 | -58.9% |
| Taxes, remuneration and social security | 45 | €2,120 | €2,724 | +€604 | +28.5% |
| Remuneration and social security | 454/9 | €2,120 | €2,724 | +€604 | +28.5% |
| Other amounts payable | 47/48 | €7,530 | €3,792 | -€3,738 | -49.6% |
| Accrued charges and deferred income | 492/3 | €1,254 | €2,408 | +€1,154 | +92.0% |
| Non-recurring operating income | 76A | €1,850 | - | -€1,850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,894 | €6,001 | +€4,107 | +216.9% |
| Other operating charges | 640/8 | €957 | €980 | +€23 | +2.4% |
| Gross operating margin | 9900 | €111,647 | €7,177 | -€104,470 | -93.6% |
| Operating profit (loss) | 9901 | €108,796 | €196 | -€108,600 | -99.8% |
| Financial income | 75/76B | €2,818 | €5,377 | +€2,559 | +90.8% |
| Recurring financial income | 75 | €2,818 | €5,377 | +€2,559 | +90.8% |
| Financial charges | 65/66B | €1,021 | €213 | -€809 | -79.2% |
| Recurring financial charges | 65 | €1,021 | €213 | -€809 | -79.2% |
| Profit (loss) for the period before taxes | 9903 | €110,592 | €5,360 | -€105,232 | -95.2% |
| Income taxes | 67/77 | €32,562 | €3,483 | -€29,079 | -89.3% |
| Profit (loss) for the period | 9904 | €78,030 | €1,877 | -€76,153 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,030 | €1,877 | -€76,153 | -97.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.