INDUWORKS: 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.
INDUWORKS
Largest movements
- Stocks and contracts +€51,161
up €51,161 (+58.4%), from €87,664 to €138,825
- Tangible fixed assets -€23,198
down €23,198 (-14.1%), from €164,839 to €141,641
of which Leasing and similar rights: -€12,685
- Receivables within one year +€19,995
up €19,995 (+19.2%), from €104,047 to €124,042
of which Trade receivables: +€24,097
- Cash -€15,336
down €15,336 (-65.1%), from €23,540 to €8,204
mainly Stocks and contracts (-€51,161) and Investment in fixed assets (net) (-€25,208)
- Financial fixed assets +€5,400
new in 2025: €5,400
- Reserves +€50,294
up €50,294 (+51.8%), from €97,096 to €147,390
- Debts after one year -€25,193
down €25,193 (-16.6%), from €151,458 to €126,265
- Short-term financial debts +€7,230
new in 2025: €7,230
- Tax, wage and social debts +€6,769
up €6,769 (+29.1%), from €23,223 to €29,991
of which Taxes: +€9,586
- Gross operating margin -€32,093
down €32,093 (-19.3%), from €166,585 to €134,492
- Staff costs -€25,605
down €25,605 (-66.9%), from €38,282 to €12,677
- Depreciation +€6,273
up €6,273 (+18.1%), from €34,637 to €40,911
- Taxes +€2,431
up €2,431 (+13.2%), from €18,407 to €20,838
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.
Derived cash bridge
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 | €397,659 | €437,777 | +€40,118 | +10.1% |
| Fixed assets | 21/28 | €182,408 | €166,705 | -€15,703 | -8.6% |
| Intangible fixed assets | 21 | €17,569 | €19,664 | +€2,095 | +11.9% |
| Tangible fixed assets | 22/27 | €164,839 | €141,641 | -€23,198 | -14.1% |
| Land and buildings | 22 | €48,814 | €54,138 | +€5,324 | +10.9% |
| Plant, machinery and equipment | 23 | €30,298 | €24,460 | -€5,838 | -19.3% |
| Furniture and vehicles | 24 | €38,115 | €27,630 | -€10,485 | -27.5% |
| Leasing and similar rights | 25 | €44,568 | €31,883 | -€12,685 | -28.5% |
| Other tangible fixed assets | 26 | €3,044 | €3,530 | +€486 | +16.0% |
| Financial fixed assets | 28 | - | €5,400 | +€5,400 | |
| Current assets | 29/58 | €215,251 | €271,072 | +€55,820 | +25.9% |
| Stocks and contracts in progress | 3 | €87,664 | €138,825 | +€51,161 | +58.4% |
| Stocks | 30/36 | €87,664 | €138,825 | +€51,161 | +58.4% |
| Amounts receivable within one year | 40/41 | €104,047 | €124,042 | +€19,995 | +19.2% |
| Trade receivables | 40 | €91,276 | €115,373 | +€24,097 | +26.4% |
| Other amounts receivable | 41 | €12,771 | €8,669 | -€4,102 | -32.1% |
| Cash at bank and in hand | 54/58 | €23,540 | €8,204 | -€15,336 | -65.1% |
| Total equity and liabilities | 10/49 | €397,659 | €437,777 | +€40,118 | +10.1% |
| Equity | 10/15 | €105,174 | €155,450 | +€50,275 | +47.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €97,096 | €147,390 | +€50,294 | +51.8% |
| Distributable reserves | 133 | €97,096 | €147,390 | +€50,294 | +51.8% |
| Profit (loss) carried forward | 14 | €19 | €0 | -€19 | -100% |
| Amounts payable | 17/49 | €292,485 | €282,327 | -€10,158 | -3.5% |
| Amounts payable after more than one year | 17 | €151,458 | €126,265 | -€25,193 | -16.6% |
| Financial debts | 170/4 | €151,458 | €126,265 | -€25,193 | -16.6% |
| Amounts payable within one year | 42/48 | €141,027 | €156,062 | +€15,035 | +10.7% |
| Current portion of amounts payable after more than one year | 42 | €68,477 | €69,858 | +€1,381 | +2.0% |
| Financial debts | 43 | - | €7,230 | +€7,230 | |
| Credit institutions | 430/8 | - | €7,230 | +€7,230 | |
| Trade debts | 44 | €49,327 | €48,982 | -€344 | -0.7% |
| Suppliers | 440/4 | €49,327 | €48,982 | -€344 | -0.7% |
| Taxes, remuneration and social security | 45 | €23,223 | €29,991 | +€6,769 | +29.1% |
| Taxes | 450/3 | €18,371 | €27,957 | +€9,586 | +52.2% |
| Remuneration and social security | 454/9 | €4,852 | €2,034 | -€2,817 | -58.1% |
| Non-recurring operating income | 76A | €372 | €1,000 | +€628 | +169% |
| Remuneration, social security and pensions | 62 | €38,282 | €12,677 | -€25,605 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,637 | €40,911 | +€6,273 | +18.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €400 | +€400 | |
| Other operating charges | 640/8 | €2,190 | €3,589 | +€1,399 | +63.9% |
| Non-recurring operating charges | 66A | €7,336 | €0 | -€7,336 | -100% |
| Gross operating margin | 9900 | €166,585 | €134,492 | -€32,093 | -19.3% |
| Operating profit (loss) | 9901 | €84,139 | €76,915 | -€7,224 | -8.6% |
| Financial income | 75/76B | €2,954 | €1,871 | -€1,083 | -36.7% |
| Recurring financial income | 75 | €2,954 | €1,871 | -€1,083 | -36.7% |
| Financial charges | 65/66B | €7,765 | €7,673 | -€92 | -1.2% |
| Recurring financial charges | 65 | €7,765 | €7,673 | -€92 | -1.2% |
| Profit (loss) for the period before taxes | 9903 | €79,328 | €71,113 | -€8,215 | -10.4% |
| Income taxes | 67/77 | €18,407 | €20,838 | +€2,431 | +13.2% |
| Profit (loss) for the period | 9904 | €60,921 | €50,275 | -€10,646 | -17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,921 | €50,275 | -€10,646 | -17.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.