INDUSCON: 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.
INDUSCON
Largest movements
- Current investments -€50,000
down €50,000 (-100%), from €50,000 to €0
- Cash +€28,049
up €28,049 (+205%), from €13,705 to €41,754
mainly Current investments (+€50,000) and Depreciation (+€13,555)
- Tangible fixed assets -€13,555
down €13,555 (-4.6%), from €293,595 to €280,040
- Debts after one year -€30,984
down €30,984 (-31.1%), from €99,644 to €68,660
- Trade debts -€13,416
down €13,416 (-76.4%), from €17,551 to €4,134
- Reserves +€11,497
up €11,497 (+7.8%), from €146,507 to €158,005
of which Distributable reserves: +€11,497
- Gross operating margin -€2,644
down €2,644 (-6.2%), from €42,673 to €40,029
- Financial income -€1,461
down €1,461 (-79.8%), from €1,832 to €371
- Taxes -€1,061
down €1,061 (-21.5%), from €4,929 to €3,868
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 | €360,827 | €326,893 | -€33,934 | -9.4% |
| Fixed assets | 21/28 | €293,595 | €280,040 | -€13,555 | -4.6% |
| Tangible fixed assets | 22/27 | €293,595 | €280,040 | -€13,555 | -4.6% |
| Land and buildings | 22 | €293,595 | €280,040 | -€13,555 | -4.6% |
| Current assets | 29/58 | €67,232 | €46,853 | -€20,379 | -30.3% |
| Amounts receivable within one year | 40/41 | €2,780 | €5,099 | +€2,318 | +83.4% |
| Trade receivables | 40 | €2,420 | €4,920 | +€2,500 | +103% |
| Other amounts receivable | 41 | €360 | €179 | -€182 | -50.4% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100% |
| Cash at bank and in hand | 54/58 | €13,705 | €41,754 | +€28,049 | +205% |
| Deferred charges and accrued income | 490/1 | €747 | €0 | -€747 | -100% |
| Total equity and liabilities | 10/49 | €360,827 | €326,893 | -€33,934 | -9.4% |
| Equity | 10/15 | €208,481 | €219,978 | +€11,497 | +5.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €146,507 | €158,005 | +€11,497 | +7.8% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €140,310 | €151,807 | +€11,497 | +8.2% |
| Amounts payable | 17/49 | €152,347 | €106,915 | -€45,431 | -29.8% |
| Amounts payable after more than one year | 17 | €99,644 | €68,660 | -€30,984 | -31.1% |
| Financial debts | 170/4 | €99,644 | €68,660 | -€30,984 | -31.1% |
| Amounts payable within one year | 42/48 | €49,978 | €38,255 | -€11,723 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €30,548 | €30,984 | +€437 | +1.4% |
| Trade debts | 44 | €17,551 | €4,134 | -€13,416 | -76.4% |
| Suppliers | 440/4 | €17,551 | €4,134 | -€13,416 | -76.4% |
| Taxes, remuneration and social security | 45 | €1,880 | €3,137 | +€1,257 | +66.9% |
| Taxes | 450/3 | €1,880 | €3,137 | +€1,257 | +66.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,724 | €0 | -€2,724 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,555 | €13,555 | +€0 | 0.0% |
| Other operating charges | 640/8 | €9,403 | €9,676 | +€274 | +2.9% |
| Gross operating margin | 9900 | €42,673 | €40,029 | -€2,644 | -6.2% |
| Operating profit (loss) | 9901 | €19,715 | €16,797 | -€2,918 | -14.8% |
| Financial income | 75/76B | €1,832 | €371 | -€1,461 | -79.8% |
| Recurring financial income | 75 | €1,832 | €371 | -€1,461 | -79.8% |
| Financial charges | 65/66B | €2,176 | €1,803 | -€373 | -17.2% |
| Recurring financial charges | 65 | €2,176 | €1,803 | -€373 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €19,371 | €15,365 | -€4,006 | -20.7% |
| Income taxes | 67/77 | €4,929 | €3,868 | -€1,061 | -21.5% |
| Profit (loss) for the period | 9904 | €14,442 | €11,497 | -€2,945 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,442 | €11,497 | -€2,945 | -20.4% |
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.