INDUSTRIA MANAGEMENT: 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.
INDUSTRIA MANAGEMENT
Largest movements
- Cash -€224,561
down €224,561 (-72.7%), from €308,903 to €84,342
mainly Receivables after one year (-€193,524) and Receivables within one year (-€83,184)
- Receivables after one year +€193,524
up €193,524 (+32.4%), from €596,546 to €790,071
- Receivables within one year +€83,184
up €83,184 (+570%), from €14,602 to €97,785
of which Other amounts receivable: +€43,684
- Reserves +€65,549
up €65,549 (+7.0%), from €933,890 to €999,439
- Debts after one year -€18,708
down €18,708 (-12.1%), from €154,880 to €136,172
of which Financial debts: -€15,328
- Other debts -€17,619
down €17,619 (-80.8%), from €21,820 to €4,200
- Trade debts +€13,031
up €13,031 (+140%), from €9,281 to €22,313
- Tax, wage and social debts +€12,805
up €12,805 (+6,077%), from €211 to €13,016
- Gross operating margin -€83,892
down €83,892 (-46.8%), from €179,410 to €95,518
- Taxes -€23,320
down €23,320 (-57.9%), from €40,266 to €16,946
- Depreciation +€4,805
up €4,805 (+25.4%), from €18,929 to €23,734
- Financial charges +€4,769
up €4,769 (+197%), from €2,426 to €7,194
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 | €1,163,667 | €1,211,298 | +€47,632 | +4.1% |
| Fixed assets | 21/28 | €236,350 | €230,416 | -€5,935 | -2.5% |
| Tangible fixed assets | 22/27 | €236,350 | €230,416 | -€5,935 | -2.5% |
| Land and buildings | 22 | €230,934 | €215,003 | -€15,932 | -6.9% |
| Plant, machinery and equipment | 23 | €613 | €259 | -€354 | -57.8% |
| Furniture and vehicles | 24 | €4,804 | €15,154 | +€10,351 | +215% |
| Current assets | 29/58 | €927,316 | €980,882 | +€53,566 | +5.8% |
| Amounts receivable after more than one year | 29 | €596,546 | €790,071 | +€193,524 | +32.4% |
| Trade receivables | 290 | €596,546 | €790,071 | +€193,524 | +32.4% |
| Amounts receivable within one year | 40/41 | €14,602 | €97,785 | +€83,184 | +570% |
| Trade receivables | 40 | €0 | €39,499 | +€39,499 | |
| Other amounts receivable | 41 | €14,602 | €58,286 | +€43,684 | +299% |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €308,903 | €84,342 | -€224,561 | -72.7% |
| Deferred charges and accrued income | 490/1 | €2,265 | €3,684 | +€1,419 | +62.7% |
| Total equity and liabilities | 10/49 | €1,163,667 | €1,211,298 | +€47,632 | +4.1% |
| Equity | 10/15 | €952,440 | €1,017,989 | +€65,549 | +6.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €933,890 | €999,439 | +€65,549 | +7.0% |
| Distributable reserves | 133 | €933,890 | €999,439 | +€65,549 | +7.0% |
| Amounts payable | 17/49 | €211,226 | €193,309 | -€17,918 | -8.5% |
| Amounts payable after more than one year | 17 | €154,880 | €136,172 | -€18,708 | -12.1% |
| Financial debts | 170/4 | €151,500 | €136,172 | -€15,328 | -10.1% |
| Other amounts payable | 178/9 | €3,380 | €0 | -€3,380 | -100% |
| Amounts payable within one year | 42/48 | €56,346 | €54,856 | -€1,490 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €15,016 | €15,328 | +€312 | +2.1% |
| Financial debts | 43 | €10,019 | €0 | -€10,019 | -100% |
| Credit institutions | 430/8 | €10,019 | €0 | -€10,019 | -100% |
| Trade debts | 44 | €9,281 | €22,313 | +€13,031 | +140% |
| Suppliers | 440/4 | €9,281 | €22,313 | +€13,031 | +140% |
| Taxes, remuneration and social security | 45 | €211 | €13,016 | +€12,805 | +6,077% |
| Taxes | 450/3 | €211 | €13,016 | +€12,805 | +6,077% |
| Other amounts payable | 47/48 | €21,820 | €4,200 | -€17,619 | -80.8% |
| Accrued charges and deferred income | 492/3 | €0 | €2,280 | +€2,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,929 | €23,734 | +€4,805 | +25.4% |
| Other operating charges | 640/8 | €1,698 | €1,108 | -€590 | -34.7% |
| Gross operating margin | 9900 | €179,410 | €95,518 | -€83,892 | -46.8% |
| Operating profit (loss) | 9901 | €158,783 | €70,676 | -€88,107 | -55.5% |
| Financial income | 75/76B | €17,570 | €19,013 | +€1,443 | +8.2% |
| Recurring financial income | 75 | €17,570 | €19,013 | +€1,443 | +8.2% |
| Financial charges | 65/66B | €2,426 | €7,194 | +€4,769 | +197% |
| Recurring financial charges | 65 | €2,426 | €7,194 | +€4,769 | +197% |
| Profit (loss) for the period before taxes | 9903 | €173,927 | €82,495 | -€91,432 | -52.6% |
| Income taxes | 67/77 | €40,266 | €16,946 | -€23,320 | -57.9% |
| Profit (loss) for the period | 9904 | €133,661 | €65,549 | -€68,112 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | €133,661 | €65,549 | -€68,112 | -51.0% |
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 27 October 2026 via checked.be.