INDUSTRIO: what changed
INDUSTRIO
Largest movements
- Cash +€120,602
up €120,602 (+27.5%), from €438,511 to €559,112
mainly Current investments (+€92,798) and Depreciation (+€52,318)
- Current investments -€92,798
down €92,798 (-8.2%), from €1.1m to €1.0m
- Tangible fixed assets -€52,318
down €52,318 (-27.2%), from €192,030 to €139,712
of which Land and buildings: -€39,325
- Receivables within one year -€31,438
down €31,438 (-8.2%), from €382,900 to €351,462
of which Trade receivables: -€62,382
- Reserves -€45,183
down €45,183 (-11.8%), from €381,569 to €336,386
- Tax, wage and social debts +€24,017
up €24,017 (+89.9%), from €26,709 to €50,727
of which Remuneration and social security: +€28,925
- Gross operating margin +€89,734
up €89,734 (+18.1%), from €495,358 to €585,091
- Staff costs +€49,345
up €49,345 (+12.0%), from €410,861 to €460,206
- Financial income +€42,062
up €42,062 (+457%), from €9,204 to €51,266
- Other operating charges +€40,193
up €40,193 (+363%), from €11,059 to €51,253
- Taxes +€12,910
up €12,910 (+140%), from €9,220 to €22,130
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,185,894 | €2,137,567 | -€48,327 | -2.2% |
| Fixed assets | 21/28 | €192,030 | €139,712 | -€52,318 | -27.2% |
| Tangible fixed assets | 22/27 | €192,030 | €139,712 | -€52,318 | -27.2% |
| Land and buildings | 22 | €136,249 | €96,924 | -€39,325 | -28.9% |
| Plant, machinery and equipment | 23 | €3,077 | €1,746 | -€1,331 | -43.3% |
| Furniture and vehicles | 24 | €51,771 | €40,255 | -€11,515 | -22.2% |
| Other tangible fixed assets | 26 | €935 | €787 | -€147 | -15.7% |
| Current assets | 29/58 | €1,993,864 | €1,997,855 | +€3,991 | +0.2% |
| Stocks and contracts in progress | 3 | €29,261 | €39,756 | +€10,495 | +35.9% |
| Stocks | 30/36 | €29,261 | €39,756 | +€10,495 | +35.9% |
| Amounts receivable within one year | 40/41 | €382,900 | €351,462 | -€31,438 | -8.2% |
| Trade receivables | 40 | €335,044 | €272,662 | -€62,382 | -18.6% |
| Other amounts receivable | 41 | €47,856 | €78,800 | +€30,944 | +64.7% |
| Current investments | 50/53 | €1,133,475 | €1,040,677 | -€92,798 | -8.2% |
| Cash at bank and in hand | 54/58 | €438,511 | €559,112 | +€120,602 | +27.5% |
| Deferred charges and accrued income | 490/1 | €9,717 | €6,848 | -€2,869 | -29.5% |
| Total equity and liabilities | 10/49 | €2,185,894 | €2,137,567 | -€48,327 | -2.2% |
| Equity | 10/15 | €1,805,256 | €1,760,073 | -€45,183 | -2.5% |
| Contributions | 10/11 | €44,621 | €44,621 | = | 0.0% |
| Reserves | 13 | €381,569 | €336,386 | -€45,183 | -11.8% |
| Distributable reserves | 133 | €381,569 | €336,386 | -€45,183 | -11.8% |
| Profit (loss) carried forward | 14 | €1,379,066 | €1,379,066 | = | 0.0% |
| Amounts payable | 17/49 | €380,638 | €377,494 | -€3,144 | -0.8% |
| Amounts payable within one year | 42/48 | €196,215 | €206,319 | +€10,104 | +5.1% |
| Trade debts | 44 | €23,248 | €9,386 | -€13,862 | -59.6% |
| Suppliers | 440/4 | €23,248 | €9,386 | -€13,862 | -59.6% |
| Taxes, remuneration and social security | 45 | €26,709 | €50,727 | +€24,017 | +89.9% |
| Taxes | 450/3 | €13,377 | €8,468 | -€4,908 | -36.7% |
| Remuneration and social security | 454/9 | €13,333 | €42,258 | +€28,925 | +217% |
| Other amounts payable | 47/48 | €146,257 | €146,206 | -€51 | 0.0% |
| Accrued charges and deferred income | 492/3 | €184,423 | €171,175 | -€13,248 | -7.2% |
| Remuneration, social security and pensions | 62 | €410,861 | €460,206 | +€49,345 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,875 | €52,318 | -€2,558 | -4.7% |
| Other operating charges | 640/8 | €11,059 | €51,253 | +€40,193 | +363% |
| Gross operating margin | 9900 | €495,358 | €585,091 | +€89,734 | +18.1% |
| Operating profit (loss) | 9901 | €18,561 | €21,314 | +€2,753 | +14.8% |
| Financial income | 75/76B | €9,204 | €51,266 | +€42,062 | +457% |
| Recurring financial income | 75 | €9,204 | €51,266 | +€42,062 | +457% |
| Financial charges | 65/66B | €8,132 | €5,634 | -€2,499 | -30.7% |
| Recurring financial charges | 65 | €8,132 | €5,634 | -€2,499 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | €19,633 | €66,947 | +€47,313 | +241% |
| Income taxes | 67/77 | €9,220 | €22,130 | +€12,910 | +140% |
| Profit (loss) for the period | 9904 | €10,414 | €44,817 | +€34,403 | +330% |
| Profit (loss) for the period to be appropriated | 9905 | €10,414 | €44,817 | +€34,403 | +330% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.