INCOSYS: 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.
INCOSYS
Largest movements
- Receivables within one year -€36,220
down €36,220 (-33.3%), from €108,834 to €72,614
of which Trade receivables: -€37,371
- Cash +€13,774
up €13,774 (+37.7%), from €36,572 to €50,345
mainly Receivables within one year (+€36,220) and Depreciation (+€6,622)
- Intangible fixed assets -€2,666
down €2,666 (-33.5%), from €7,949 to €5,282
- Tax, wage and social debts -€16,085
down €16,085 (-55.1%), from €29,196 to €13,111
- Profit (loss) carried forward -€12,920
down €12,920 (-18.2%), from €70,985 to €58,065
- Trade debts +€4,013
up €4,013 (+12.0%), from €33,574 to €37,586
- Gross operating margin -€39,303
down €39,303 (-89.3%), from €43,994 to €4,691
- Taxes -€5,712
down €5,712 (-64.7%), from €8,828 to €3,116
- Depreciation +€3,103
up €3,103 (+88.2%), from €3,519 to €6,622
- Financial income +€900
up €900 (+51.2%), from €1,758 to €2,658
- Other operating charges -€490
down €490 (-4.9%), from €10,100 to €9,610
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,154 | €135,162 | -€24,992 | -15.6% |
| Fixed assets | 21/28 | €14,748 | €12,157 | -€2,592 | -17.6% |
| Intangible fixed assets | 21 | €7,949 | €5,282 | -€2,666 | -33.5% |
| Tangible fixed assets | 22/27 | €5,989 | €6,063 | +€75 | +1.2% |
| Plant, machinery and equipment | 23 | €3,090 | €1,551 | -€1,539 | -49.8% |
| Furniture and vehicles | 24 | €2,899 | €4,513 | +€1,614 | +55.7% |
| Financial fixed assets | 28 | €811 | €811 | = | 0.0% |
| Current assets | 29/58 | €145,405 | €123,005 | -€22,400 | -15.4% |
| Amounts receivable within one year | 40/41 | €108,834 | €72,614 | -€36,220 | -33.3% |
| Trade receivables | 40 | €65,551 | €28,180 | -€37,371 | -57.0% |
| Other amounts receivable | 41 | €43,283 | €44,434 | +€1,151 | +2.7% |
| Cash at bank and in hand | 54/58 | €36,572 | €50,345 | +€13,774 | +37.7% |
| Deferred charges and accrued income | 490/1 | - | €46 | +€46 | |
| Total equity and liabilities | 10/49 | €160,154 | €135,162 | -€24,992 | -15.6% |
| Equity | 10/15 | €97,385 | €84,465 | -€12,920 | -13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,000 | €14,000 | = | 0.0% |
| Distributable reserves | 133 | €14,000 | €14,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,985 | €58,065 | -€12,920 | -18.2% |
| Amounts payable | 17/49 | €62,769 | €50,697 | -€12,072 | -19.2% |
| Amounts payable within one year | 42/48 | €62,769 | €50,697 | -€12,072 | -19.2% |
| Trade debts | 44 | €33,574 | €37,586 | +€4,013 | +12.0% |
| Suppliers | 440/4 | €33,574 | €37,586 | +€4,013 | +12.0% |
| Taxes, remuneration and social security | 45 | €29,196 | €13,111 | -€16,085 | -55.1% |
| Taxes | 450/3 | €29,196 | €13,111 | -€16,085 | -55.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,519 | €6,622 | +€3,103 | +88.2% |
| Other operating charges | 640/8 | €10,100 | €9,610 | -€490 | -4.9% |
| Gross operating margin | 9900 | €43,994 | €4,691 | -€39,303 | -89.3% |
| Operating profit (loss) | 9901 | €30,375 | -€11,541 | -€41,916 | |
| Financial income | 75/76B | €1,758 | €2,658 | +€900 | +51.2% |
| Recurring financial income | 75 | €1,758 | €2,658 | +€900 | +51.2% |
| Financial charges | 65/66B | €675 | €921 | +€246 | +36.4% |
| Recurring financial charges | 65 | €675 | €921 | +€246 | +36.4% |
| Profit (loss) for the period before taxes | 9903 | €31,458 | -€9,804 | -€41,262 | |
| Income taxes | 67/77 | €8,828 | €3,116 | -€5,712 | -64.7% |
| Profit (loss) for the period | 9904 | €22,630 | -€12,920 | -€35,549 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,630 | -€12,920 | -€35,549 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.