Indie Tech Systems: 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.
Indie Tech Systems
Largest movements
- Receivables within one year -€181,134
down €181,134 (-89.9%), from €201,468 to €20,334
of which Other amounts receivable: -€192,384
- Tangible fixed assets -€15,245
down €15,245 (-32.2%), from €47,320 to €32,075
of which Furniture and vehicles: -€13,453
- Cash -€11,258
down €11,258 (-6.0%), from €186,804 to €175,546
mainly Contributions, distributions and other (-€350,567) and Debts after one year (-€8,236)
- Reserves -€281,143
down €281,143 (-69.5%), from €404,350 to €123,207
- Other debts +€58,824
new in 2025: €58,824
- Tax, wage and social debts +€19,794
up €19,794 (+608%), from €3,255 to €23,048
of which Taxes: +€19,773
- Debts after one year -€8,236
down €8,236 (-43.3%), from €19,020 to €10,783
- Taxes -€53,523
down €53,523 (-73.0%), from €73,296 to €19,773
- Financial income -€8,839
down €8,839 (-100.0%), from €8,839 to €0
- Gross operating margin +€5,762
up €5,762 (+5.7%), from €101,805 to €107,567
- Other operating charges -€2,240
down €2,240 (-77.3%), from €2,899 to €659
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 | €436,430 | €227,955 | -€208,474 | -47.8% |
| Fixed assets | 21/28 | €47,320 | €32,075 | -€15,245 | -32.2% |
| Tangible fixed assets | 22/27 | €47,320 | €32,075 | -€15,245 | -32.2% |
| Plant, machinery and equipment | 23 | €4,658 | €2,867 | -€1,792 | -38.5% |
| Furniture and vehicles | 24 | €42,661 | €29,208 | -€13,453 | -31.5% |
| Leasing and similar rights | 25 | €0 | - | -€0 | |
| Current assets | 29/58 | €389,110 | €195,881 | -€193,230 | -49.7% |
| Amounts receivable within one year | 40/41 | €201,468 | €20,334 | -€181,134 | -89.9% |
| Trade receivables | 40 | - | €11,250 | +€11,250 | |
| Other amounts receivable | 41 | €201,468 | €9,084 | -€192,384 | -95.5% |
| Cash at bank and in hand | 54/58 | €186,804 | €175,546 | -€11,258 | -6.0% |
| Deferred charges and accrued income | 490/1 | €838 | - | -€838 | |
| Total equity and liabilities | 10/49 | €436,430 | €227,955 | -€208,474 | -47.8% |
| Equity | 10/15 | €404,351 | €123,208 | -€281,143 | -69.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €404,350 | €123,207 | -€281,143 | -69.5% |
| Distributable reserves | 133 | €404,350 | €123,207 | -€281,143 | -69.5% |
| Amounts payable | 17/49 | €32,078 | €104,747 | +€72,668 | +227% |
| Amounts payable after more than one year | 17 | €19,020 | €10,783 | -€8,236 | -43.3% |
| Financial debts | 170/4 | €19,020 | €10,783 | -€8,236 | -43.3% |
| Amounts payable within one year | 42/48 | €13,059 | €91,343 | +€78,285 | +599% |
| Current portion of amounts payable after more than one year | 42 | €7,905 | €8,236 | +€332 | +4.2% |
| Trade debts | 44 | €1,899 | €1,235 | -€664 | -35.0% |
| Suppliers | 440/4 | €1,899 | €1,235 | -€664 | -35.0% |
| Taxes, remuneration and social security | 45 | €3,255 | €23,048 | +€19,794 | +608% |
| Taxes | 450/3 | - | €19,773 | +€19,773 | |
| Remuneration and social security | 454/9 | €3,255 | €3,275 | +€20 | +0.6% |
| Other amounts payable | 47/48 | - | €58,824 | +€58,824 | |
| Accrued charges and deferred income | 492/3 | - | €2,620 | +€2,620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,614 | €16,270 | -€343 | -2.1% |
| Other operating charges | 640/8 | €2,899 | €659 | -€2,240 | -77.3% |
| Gross operating margin | 9900 | €101,805 | €107,567 | +€5,762 | +5.7% |
| Operating profit (loss) | 9901 | €82,292 | €90,638 | +€8,346 | +10.1% |
| Financial income | 75/76B | €8,839 | €0 | -€8,839 | -100.0% |
| Recurring financial income | 75 | €8,839 | €0 | -€8,839 | -100.0% |
| Financial charges | 65/66B | €1,745 | €1,441 | -€304 | -17.4% |
| Recurring financial charges | 65 | €1,745 | €1,441 | -€304 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €89,386 | €89,197 | -€189 | -0.2% |
| Income taxes | 67/77 | €73,296 | €19,773 | -€53,523 | -73.0% |
| Profit (loss) for the period | 9904 | €16,090 | €69,424 | +€53,334 | +331% |
| Profit (loss) for the period to be appropriated | 9905 | €16,090 | €69,424 | +€53,334 | +331% |
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 15 October 2026 via checked.be.