Induver: 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.
Induver
Largest movements
- Receivables within one year +€20,799
up €20,799 (+61.2%), from €34,011 to €54,810
of which Trade receivables: +€27,908
- Tangible fixed assets +€19,269
up €19,269 (+3.1%), from €625,296 to €644,565
of which Plant, machinery and equipment: +€15,746
- Cash +€13,145
up €13,145 (+232.6%), from €5,650 to €18,795
mainly Other debts (+€90,052) and Net result for the year (+€59,111)
- Other debts +€90,052
up €90,052 (+36.8%), from €244,573 to €334,625
- Reserves -€25,583
down €25,583 (-100.0%), from €25,583 to €0
- Gross operating margin +€57,160
up €57,160 (+92.5%), from €61,802 to €118,962
- Taxes +€17,056
up €17,056 (+897.9%), from €1,900 to €18,955
- Write-downs -€14,922
down €14,922 (-100.0%), from €14,922 to €0
- Depreciation +€5,123
up €5,123 (+32.0%), from €16,015 to €21,138
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 | €664,957 | €718,170 | +€53,213 | +8.0% |
| Fixed assets | 21/28 | €625,296 | €644,565 | +€19,269 | +3.1% |
| Tangible fixed assets | 22/27 | €625,296 | €644,565 | +€19,269 | +3.1% |
| Land and buildings | 22 | €615,184 | €618,897 | +€3,712 | +0.6% |
| Plant, machinery and equipment | 23 | €6,399 | €22,145 | +€15,746 | +246.0% |
| Furniture and vehicles | 24 | €3,712 | €3,524 | -€188 | -5.1% |
| Current assets | 29/58 | €39,661 | €73,605 | +€33,944 | +85.6% |
| Amounts receivable within one year | 40/41 | €34,011 | €54,810 | +€20,799 | +61.2% |
| Trade receivables | 40 | €19,757 | €47,665 | +€27,908 | +141.3% |
| Other amounts receivable | 41 | €14,254 | €7,145 | -€7,109 | -49.9% |
| Cash at bank and in hand | 54/58 | €5,650 | €18,795 | +€13,145 | +232.6% |
| Total equity and liabilities | 10/49 | €664,957 | €718,170 | +€53,213 | +8.0% |
| Equity | 10/15 | €388,583 | €363,000 | -€25,583 | -6.6% |
| Contributions | 10/11 | €363,000 | €363,000 | = | 0.0% |
| Reserves | 13 | €25,583 | €0 | -€25,583 | -100.0% |
| Distributable reserves | 133 | €25,583 | €0 | -€25,583 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €276,373 | €355,170 | +€78,796 | +28.5% |
| Amounts payable within one year | 42/48 | €261,935 | €346,775 | +€84,840 | +32.4% |
| Trade debts | 44 | €13,038 | €6,585 | -€6,453 | -49.5% |
| Suppliers | 440/4 | €13,038 | €6,585 | -€6,453 | -49.5% |
| Taxes, remuneration and social security | 45 | €4,325 | €5,566 | +€1,241 | +28.7% |
| Taxes | 450/3 | €4,325 | €5,566 | +€1,241 | +28.7% |
| Other amounts payable | 47/48 | €244,573 | €334,625 | +€90,052 | +36.8% |
| Accrued charges and deferred income | 492/3 | €14,438 | €8,394 | -€6,044 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,015 | €21,138 | +€5,123 | +32.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,922 | €0 | -€14,922 | -100.0% |
| Other operating charges | 640/8 | €11,466 | €11,518 | +€52 | +0.5% |
| Non-recurring operating charges | 66A | €2,251 | €0 | -€2,251 | -100.0% |
| Gross operating margin | 9900 | €61,802 | €118,962 | +€57,160 | +92.5% |
| Operating profit (loss) | 9901 | €17,149 | €86,306 | +€69,157 | +403.3% |
| Financial income | 75/76B | €1 | €158 | +€157 | +17820.5% |
| Recurring financial income | 75 | €1 | €158 | +€157 | +17820.5% |
| Financial charges | 65/66B | €8,504 | €8,397 | -€107 | -1.3% |
| Recurring financial charges | 65 | €8,504 | €8,397 | -€107 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €8,646 | €78,067 | +€69,421 | +803.0% |
| Income taxes | 67/77 | €1,900 | €18,955 | +€17,056 | +897.9% |
| Profit (loss) for the period | 9904 | €6,746 | €59,111 | +€52,365 | +776.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,746 | €59,111 | +€52,365 | +776.2% |
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 9 October 2026 via checked.be.