Induvent: what changed
Two fiscal 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.
Induvent
Largest movements
- Stocks and contracts +€12,865
up €12,865 (+37.3%), from €34,450 to €47,315
- Receivables within one year +€6,393
up €6,393 (+23.5%), from €27,245 to €33,638
of which Trade receivables: +€9,079
- Cash -€4,195
down €4,195 (-27.9%), from €15,032 to €10,837
mainly Stocks and contracts (-€12,865) and Receivables within one year (-€6,393)
- Tangible fixed assets -€1,615
down €1,615 (-27.5%), from €5,879 to €4,264
- Reserves +€8,993
up €8,993 (+11.8%), from €76,319 to €85,312
- Tax, wage and social debts +€6,125
up €6,125 (+178.2%), from €3,437 to €9,563
- Trade debts -€1,957
down €1,957 (-26.3%), from €7,452 to €5,495
- Gross operating margin -€989
down €989 (-5.5%), from €17,936 to €16,946
- Depreciation -€420
down €420 (-18.5%), from €2,273 to €1,853
- Other operating charges -€224
down €224 (-13.4%), from €1,668 to €1,444
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 | €87,308 | €100,964 | +€13,656 | +15.6% |
| Fixed assets | 21/28 | €5,879 | €4,264 | -€1,615 | -27.5% |
| Tangible fixed assets | 22/27 | €5,879 | €4,264 | -€1,615 | -27.5% |
| Plant, machinery and equipment | 23 | €5,879 | €4,264 | -€1,615 | -27.5% |
| Current assets | 29/58 | €81,430 | €96,700 | +€15,271 | +18.8% |
| Stocks and contracts in progress | 3 | €34,450 | €47,315 | +€12,865 | +37.3% |
| Stocks | 30/36 | €34,450 | €47,315 | +€12,865 | +37.3% |
| Amounts receivable within one year | 40/41 | €27,245 | €33,638 | +€6,393 | +23.5% |
| Trade receivables | 40 | €24,560 | €33,638 | +€9,079 | +37.0% |
| Other amounts receivable | 41 | €2,685 | - | -€2,685 | |
| Cash at bank and in hand | 54/58 | €15,032 | €10,837 | -€4,195 | -27.9% |
| Deferred charges and accrued income | 490/1 | €4,702 | €4,910 | +€208 | +4.4% |
| Total equity and liabilities | 10/49 | €87,308 | €100,964 | +€13,656 | +15.6% |
| Equity | 10/15 | €76,419 | €85,412 | +€8,993 | +11.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Outside capital | 11 | €100 | €100 | = | 0.0% |
| Other | 1109/19 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €76,319 | €85,312 | +€8,993 | +11.8% |
| Distributable reserves | 133 | €76,319 | €85,312 | +€8,993 | +11.8% |
| Amounts payable | 17/49 | €10,889 | €15,552 | +€4,663 | +42.8% |
| Amounts payable within one year | 42/48 | €10,889 | €15,552 | +€4,663 | +42.8% |
| Trade debts | 44 | €7,452 | €5,495 | -€1,957 | -26.3% |
| Suppliers | 440/4 | €7,452 | €5,495 | -€1,957 | -26.3% |
| Taxes, remuneration and social security | 45 | €3,437 | €9,563 | +€6,125 | +178.2% |
| Taxes | 450/3 | €3,437 | €9,563 | +€6,125 | +178.2% |
| Other amounts payable | 47/48 | - | €494 | +€494 | |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,273 | €1,853 | -€420 | -18.5% |
| Other operating charges | 640/8 | €1,668 | €1,444 | -€224 | -13.4% |
| Gross operating margin | 9900 | €17,936 | €16,946 | -€989 | -5.5% |
| Operating profit (loss) | 9901 | €13,995 | €13,650 | -€345 | -2.5% |
| Financial income | 75/76B | €13 | €46 | +€33 | +251.0% |
| Recurring financial income | 75 | €13 | €46 | +€33 | +251.0% |
| Financial charges | 65/66B | €93 | €88 | -€5 | -5.8% |
| Recurring financial charges | 65 | €93 | €88 | -€5 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €13,915 | €13,608 | -€307 | -2.2% |
| Income taxes | 67/77 | €4,623 | €4,615 | -€8 | -0.2% |
| Profit (loss) for the period | 9904 | €9,292 | €8,993 | -€299 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,292 | €8,993 | -€299 | -3.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.