INDUSTRIAL PUMP SYSTEMS: 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
INDUSTRIAL PUMP SYSTEMS
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€72,645
2024 · €62,623+€10,022
Equity
€673,575
2024 · €850,930-€177,355
Cash
€242,240
2024 · €162,773+€79,467
Balance sheet total
€1.4m
2024 · €1.5m-€16,297
Largest movements
Assets
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€79,467
up €79,467 (+48.8%), from €162,773 to €242,240
mainly Receivables after one year (+€100,000) and Net result for the year (+€72,645)
- Receivables within one year +€23,933
up €23,933 (+14.6%), from €163,872 to €187,805
of which Other amounts receivable: +€13,877
- Tangible fixed assets -€17,669
down €17,669 (-1.9%), from €918,808 to €901,139
of which Leasing and similar rights: -€28,038
Equity and liabilities
- Profit (loss) carried forward -€161,148
down €161,148 (-27.1%), from €594,628 to €433,481
- Trade debts +€71,930
up €71,930 (+273%), from €26,364 to €98,294
- Other debts +€67,500
up €67,500 (+322%), from €20,979 to €88,479
- Tax, wage and social debts +€31,777
up €31,777 (+157%), from €20,197 to €51,974
- Current portion of long-term debt +€18,455
up €18,455 (+43.3%), from €42,617 to €61,072
Income statement
- Gross operating margin +€8,318
up €8,318 (+4.4%), from €187,458 to €195,776
- Financial income +€4,558
up €4,558 (+91.4%), from €4,988 to €9,547
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
€62,623
Gross operating margin
+€8,318
Staff costs
-€86
Depreciation
-€908
Other operating charges
+€909
Financial income
+€4,558
Financial charges
-€1,315
Taxes
-€1,454
Result 2025
€72,645
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
+€367,826
Investment
-€35,849
Financing
-€252,510
Cash 2024
€162,773
From operations (derived)
+€367,826
Net result for the year
+€72,645
Depreciation
+€53,519
Receivables after one year
+€100,000
Stocks and contracts
+€2,301
Receivables within one year
-€23,933
Deferred charges and accrued income
-€274
Provisions
-€8,345
Trade debts
+€71,930
Tax, wage and social debts
+€31,777
Advances received
+€705
Other debts
+€67,500
Investment (derived)
-€35,849
Investment in fixed assets (net)
-€35,849
Financing
-€252,510
Debts after one year
-€8,964
Current portion of long-term debt
+€18,455
Short-term financial debts
-€12,000
Contributions, distributions and other
-€250,000
Cash 2025
€242,240
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,456,179 | €1,439,882 | -€16,297 | -1.1% |
| Fixed assets | 21/28 | €922,034 | €904,364 | -€17,669 | -1.9% |
| Tangible fixed assets | 22/27 | €918,808 | €901,139 | -€17,669 | -1.9% |
| Land and buildings | 22 | €422,202 | €403,112 | -€19,090 | -4.5% |
| Plant, machinery and equipment | 23 | €11,357 | €42,004 | +€30,647 | +270% |
| Furniture and vehicles | 24 | €12,057 | €10,869 | -€1,188 | -9.9% |
| Leasing and similar rights | 25 | €442,252 | €414,214 | -€28,038 | -6.3% |
| Other tangible fixed assets | 26 | €30,940 | €30,940 | = | 0.0% |
| Financial fixed assets | 28 | €3,226 | €3,226 | = | 0.0% |
| Current assets | 29/58 | €534,146 | €535,518 | +€1,373 | +0.3% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Stocks and contracts in progress | 3 | €107,501 | €105,199 | -€2,301 | -2.1% |
| Stocks | 30/36 | €107,501 | €105,199 | -€2,301 | -2.1% |
| Amounts receivable within one year | 40/41 | €163,872 | €187,805 | +€23,933 | +14.6% |
| Trade receivables | 40 | €77,463 | €87,519 | +€10,056 | +13.0% |
| Other amounts receivable | 41 | €86,409 | €100,286 | +€13,877 | +16.1% |
| Cash at bank and in hand | 54/58 | €162,773 | €242,240 | +€79,467 | +48.8% |
| Deferred charges and accrued income | 490/1 | - | €274 | +€274 | |
| Total equity and liabilities | 10/49 | €1,456,179 | €1,439,882 | -€16,297 | -1.1% |
| Equity | 10/15 | €850,930 | €673,575 | -€177,355 | -20.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €237,709 | €221,503 | -€16,207 | -6.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €235,850 | €219,643 | -€16,207 | -6.9% |
| Profit (loss) carried forward | 14 | €594,628 | €433,481 | -€161,148 | -27.1% |
| Provisions and deferred taxes | 16 | €121,445 | €113,099 | -€8,345 | -6.9% |
| Deferred taxes | 168 | €121,445 | €113,099 | -€8,345 | -6.9% |
| Amounts payable | 17/49 | €483,805 | €653,208 | +€169,403 | +35.0% |
| Amounts payable after more than one year | 17 | €211,649 | €202,685 | -€8,964 | -4.2% |
| Financial debts | 170/4 | €211,649 | €202,685 | -€8,964 | -4.2% |
| Amounts payable within one year | 42/48 | €272,156 | €450,523 | +€178,367 | +65.5% |
| Current portion of amounts payable after more than one year | 42 | €42,617 | €61,072 | +€18,455 | +43.3% |
| Financial debts | 43 | €162,000 | €150,000 | -€12,000 | -7.4% |
| Credit institutions | 430/8 | €162,000 | €150,000 | -€12,000 | -7.4% |
| Trade debts | 44 | €26,364 | €98,294 | +€71,930 | +273% |
| Suppliers | 440/4 | €26,364 | €98,294 | +€71,930 | +273% |
| Advances received on contracts in progress | 46 | - | €705 | +€705 | |
| Taxes, remuneration and social security | 45 | €20,197 | €51,974 | +€31,777 | +157% |
| Taxes | 450/3 | €20,197 | €51,974 | +€31,777 | +157% |
| Other amounts payable | 47/48 | €20,979 | €88,479 | +€67,500 | +322% |
| Remuneration, social security and pensions | 62 | - | €86 | +€86 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,611 | €53,519 | +€908 | +1.7% |
| Other operating charges | 640/8 | €10,586 | €9,677 | -€909 | -8.6% |
| Gross operating margin | 9900 | €187,458 | €195,776 | +€8,318 | +4.4% |
| Operating profit (loss) | 9901 | €124,261 | €132,494 | +€8,233 | +6.6% |
| Financial income | 75/76B | €4,988 | €9,547 | +€4,558 | +91.4% |
| Recurring financial income | 75 | €4,988 | €9,547 | +€4,558 | +91.4% |
| Financial charges | 65/66B | €17,948 | €19,263 | +€1,315 | +7.3% |
| Recurring financial charges | 65 | €17,948 | €19,263 | +€1,315 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €111,301 | €122,777 | +€11,476 | +10.3% |
| Transfer from deferred taxes | 780 | €8,345 | €8,345 | = | 0.0% |
| Income taxes | 67/77 | €57,024 | €58,477 | +€1,454 | +2.5% |
| Profit (loss) for the period | 9904 | €62,623 | €72,645 | +€10,022 | +16.0% |
| Transfer from tax-exempt reserves | 789 | €16,207 | €16,207 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,830 | €88,852 | +€10,022 | +12.7% |
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 29 October 2026 via checked.be.