INDUTEX: 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.
INDUTEX
Largest movements
- Cash +€64,783
up €64,783 (+19.3%), from €335,455 to €400,237
mainly Net result for the year (+€66,168) and Receivables after one year (+€17,337)
- Receivables after one year -€17,337
down €17,337 (-11.6%), from €150,064 to €132,727
- Receivables within one year -€11,222
down €11,222 (-31.1%), from €36,052 to €24,830
of which Trade receivables: -€7,406
- Reserves +€34,137
up €34,137 (+6.7%), from €507,061 to €541,198
of which Distributable reserves: +€34,137
- Gross operating margin -€11,171
down €11,171 (-11.1%), from €100,569 to €89,398
- Taxes -€3,745
down €3,745 (-12.7%), from €29,593 to €25,848
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 | €525,181 | €560,153 | +€34,972 | +6.7% |
| Fixed assets | 21/28 | €2,296 | €640 | -€1,656 | -72.1% |
| Tangible fixed assets | 22/27 | €2,296 | €640 | -€1,656 | -72.1% |
| Furniture and vehicles | 24 | €2,296 | €640 | -€1,656 | -72.1% |
| Current assets | 29/58 | €522,885 | €559,513 | +€36,627 | +7.0% |
| Amounts receivable after more than one year | 29 | €150,064 | €132,727 | -€17,337 | -11.6% |
| Other amounts receivable | 291 | €150,064 | €132,727 | -€17,337 | -11.6% |
| Amounts receivable within one year | 40/41 | €36,052 | €24,830 | -€11,222 | -31.1% |
| Trade receivables | 40 | €22,959 | €15,553 | -€7,406 | -32.3% |
| Other amounts receivable | 41 | €13,093 | €9,277 | -€3,816 | -29.1% |
| Cash at bank and in hand | 54/58 | €335,455 | €400,237 | +€64,783 | +19.3% |
| Deferred charges and accrued income | 490/1 | €1,315 | €1,719 | +€403 | +30.7% |
| Total equity and liabilities | 10/49 | €525,181 | €560,153 | +€34,972 | +6.7% |
| Equity | 10/15 | €513,261 | €547,398 | +€34,137 | +6.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €507,061 | €541,198 | +€34,137 | +6.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €505,201 | €539,338 | +€34,137 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €11,920 | €12,755 | +€835 | +7.0% |
| Amounts payable within one year | 42/48 | €11,331 | €12,755 | +€1,424 | +12.6% |
| Trade debts | 44 | €238 | €2,160 | +€1,922 | +807.9% |
| Suppliers | 440/4 | €238 | €2,160 | +€1,922 | +807.9% |
| Taxes, remuneration and social security | 45 | €11,093 | €10,595 | -€498 | -4.5% |
| Taxes | 450/3 | €11,093 | €10,595 | -€498 | -4.5% |
| Accrued charges and deferred income | 492/3 | €589 | €0 | -€589 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,656 | €1,656 | = | 0.0% |
| Other operating charges | 640/8 | €1,148 | €1,258 | +€110 | +9.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €100,569 | €89,398 | -€11,171 | -11.1% |
| Operating profit (loss) | 9901 | €97,765 | €86,484 | -€11,281 | -11.5% |
| Financial income | 75/76B | €6,495 | €5,960 | -€535 | -8.2% |
| Recurring financial income | 75 | €6,495 | €5,960 | -€535 | -8.2% |
| Financial charges | 65/66B | €321 | €428 | +€107 | +33.3% |
| Recurring financial charges | 65 | €321 | €428 | +€107 | +33.3% |
| Profit (loss) for the period before taxes | 9903 | €103,939 | €92,016 | -€11,923 | -11.5% |
| Income taxes | 67/77 | €29,593 | €25,848 | -€3,745 | -12.7% |
| Profit (loss) for the period | 9904 | €74,347 | €66,168 | -€8,179 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €74,347 | €66,168 | -€8,179 | -11.0% |
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 12 October 2026 via checked.be.