INDUVIDO: 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.
INDUVIDO
Largest movements
- Cash +€82,310
new in 2025: €82,310
mainly Trade debts (+€183,764) and Depreciation (+€33,218)
- Receivables within one year +€47,114
up €47,114 (+53.2%), from €88,505 to €135,619
of which Other amounts receivable: +€25,858
- Stocks and contracts +€37,966
new in 2025: €37,966
- Deferred charges and accrued income +€12,695
up €12,695 (+37.3%), from €34,020 to €46,715
- Trade debts +€183,764
up €183,764 (+751.4%), from €24,455 to €208,218
- Short-term financial debts -€21,128
no longer reported in 2025 (was €21,128)
- Current portion of long-term debt +€18,475
up €18,475 (+101.2%), from €18,251 to €36,726
- Write-downs -€83,331
no longer reported in 2025 (was €83,331)
- Staff costs +€55,883
up €55,883 (+181.0%), from €30,871 to €86,754
- Financial charges +€12,881
up €12,881 (+118.1%), from €10,905 to €23,786
- Depreciation +€7,225
up €7,225 (+27.8%), from €25,993 to €33,218
- Taxes +€2,257
up €2,257 (+977.5%), from €231 to €2,488
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 | €531,234 | €705,247 | +€174,013 | +32.8% |
| Fixed assets | 21/28 | €408,709 | €402,636 | -€6,072 | -1.5% |
| Intangible fixed assets | 21 | €1,602 | €1,868 | +€267 | +16.6% |
| Tangible fixed assets | 22/27 | €407,107 | €400,768 | -€6,339 | -1.6% |
| Land and buildings | 22 | €369,458 | €358,294 | -€11,164 | -3.0% |
| Plant, machinery and equipment | 23 | €6,484 | €23,230 | +€16,746 | +258.2% |
| Furniture and vehicles | 24 | €31,164 | €19,244 | -€11,920 | -38.2% |
| Current assets | 29/58 | €122,525 | €302,610 | +€180,085 | +147.0% |
| Stocks and contracts in progress | 3 | - | €37,966 | +€37,966 | |
| Stocks | 30/36 | - | €37,966 | +€37,966 | |
| Amounts receivable within one year | 40/41 | €88,505 | €135,619 | +€47,114 | +53.2% |
| Trade receivables | 40 | €86,605 | €107,861 | +€21,256 | +24.5% |
| Other amounts receivable | 41 | €1,900 | €27,758 | +€25,858 | +1360.6% |
| Cash at bank and in hand | 54/58 | - | €82,310 | +€82,310 | |
| Deferred charges and accrued income | 490/1 | €34,020 | €46,715 | +€12,695 | +37.3% |
| Total equity and liabilities | 10/49 | €531,234 | €705,247 | +€174,013 | +32.8% |
| Equity | 10/15 | €85,198 | €86,270 | +€1,072 | +1.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €87,544 | €87,544 | = | 0.0% |
| Distributable reserves | 133 | €87,544 | €87,544 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,346 | -€4,274 | +€1,072 | +20.1% |
| Amounts payable | 17/49 | €446,036 | €618,977 | +€172,941 | +38.8% |
| Amounts payable after more than one year | 17 | €317,895 | €314,256 | -€3,639 | -1.1% |
| Financial debts | 170/4 | €317,895 | €314,256 | -€3,639 | -1.1% |
| Amounts payable within one year | 42/48 | €128,088 | €304,577 | +€176,489 | +137.8% |
| Current portion of amounts payable after more than one year | 42 | €18,251 | €36,726 | +€18,475 | +101.2% |
| Financial debts | 43 | €21,128 | - | -€21,128 | |
| Credit institutions | 430/8 | €21,128 | - | -€21,128 | |
| Trade debts | 44 | €24,455 | €208,218 | +€183,764 | +751.4% |
| Suppliers | 440/4 | €24,455 | €208,218 | +€183,764 | +751.4% |
| Taxes, remuneration and social security | 45 | €41,272 | €42,475 | +€1,203 | +2.9% |
| Taxes | 450/3 | €41,272 | €40,722 | -€550 | -1.3% |
| Remuneration and social security | 454/9 | - | €1,754 | +€1,754 | |
| Other amounts payable | 47/48 | €22,982 | €17,158 | -€5,824 | -25.3% |
| Accrued charges and deferred income | 492/3 | €53 | €143 | +€90 | +169.7% |
| Non-recurring operating income | 76A | - | €7,271 | +€7,271 | |
| Remuneration, social security and pensions | 62 | €30,871 | €86,754 | +€55,883 | +181.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,993 | €33,218 | +€7,225 | +27.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €83,331 | - | -€83,331 | |
| Other operating charges | 640/8 | €1,166 | €1,135 | -€31 | -2.7% |
| Gross operating margin | 9900 | €147,023 | €148,181 | +€1,158 | +0.8% |
| Operating profit (loss) | 9901 | €5,661 | €27,074 | +€21,413 | +378.2% |
| Financial income | 75/76B | €129 | €219 | +€90 | +69.5% |
| Recurring financial income | 75 | €129 | €219 | +€90 | +69.5% |
| Financial charges | 65/66B | €10,905 | €23,786 | +€12,881 | +118.1% |
| Recurring financial charges | 65 | €10,905 | €23,786 | +€12,881 | +118.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,115 | €3,507 | +€8,622 | |
| Income taxes | 67/77 | €231 | €2,488 | +€2,257 | +977.5% |
| Profit (loss) for the period | 9904 | -€5,346 | €1,019 | +€6,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,346 | €1,019 | +€6,365 |
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 6 October 2026 via checked.be.