INDUSYS TECHNOLOGIES: 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.
INDUSYS TECHNOLOGIES
Largest movements
- Stocks and contracts +€1.6m
up €1.6m (+428.9%), from €378,200 to €2.0m
of which Contracts in progress: +€1.2m
- Cash -€1.3m
down €1.3m (-61.6%), from €2.1m to €808,724
mainly Stocks and contracts (-€1.6m) and Receivables within one year (-€738,268)
- Current investments -€995,368
down €995,368 (-98.5%), from €1.0m to €15,555
- Receivables within one year +€738,268
up €738,268 (+44.2%), from €1.7m to €2.4m
of which Trade receivables: +€774,934
- Tangible fixed assets +€168,787
up €168,787 (+19.4%), from €868,380 to €1.0m
of which Land and buildings: +€216,496
- Reserves +€905,000
up €905,000 (+23.7%), from €3.8m to €4.7m
- Advances received -€375,630
down €375,630 (-29.6%), from €1.3m to €894,276
- Trade debts -€283,197
down €283,197 (-47.9%), from €590,909 to €307,711
- Other debts -€72,671
down €72,671 (-69.3%), from €104,861 to €32,191
- Tax, wage and social debts +€71,646
up €71,646 (+34.4%), from €208,148 to €279,794
of which Taxes: +€94,514
- Gross operating margin +€113,653
up €113,653 (+3.9%), from €2.9m to €3.1m
- Staff costs +€33,315
up €33,315 (+2.0%), from €1.7m to €1.7m
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 | €6,070,419 | €6,313,352 | +€242,933 | +4.0% |
| Fixed assets | 21/28 | €868,380 | €1,037,167 | +€168,787 | +19.4% |
| Tangible fixed assets | 22/27 | €868,380 | €1,037,167 | +€168,787 | +19.4% |
| Land and buildings | 22 | €501,733 | €718,230 | +€216,496 | +43.1% |
| Plant, machinery and equipment | 23 | €6,769 | €9,937 | +€3,168 | +46.8% |
| Furniture and vehicles | 24 | €94,850 | €80,098 | -€14,751 | -15.6% |
| Other tangible fixed assets | 26 | €265,027 | €228,902 | -€36,125 | -13.6% |
| Current assets | 29/58 | €5,202,039 | €5,276,185 | +€74,146 | +1.4% |
| Stocks and contracts in progress | 3 | €378,200 | €2,000,292 | +€1.6m | +428.9% |
| Stocks | 30/36 | €107,800 | €513,550 | +€405,750 | +376.4% |
| Contracts in progress | 37 | €270,400 | €1,486,742 | +€1.2m | +449.8% |
| Amounts receivable within one year | 40/41 | €1,671,664 | €2,409,932 | +€738,268 | +44.2% |
| Trade receivables | 40 | €1,583,794 | €2,358,728 | +€774,934 | +48.9% |
| Other amounts receivable | 41 | €87,870 | €51,204 | -€36,666 | -41.7% |
| Current investments | 50/53 | €1,010,924 | €15,555 | -€995,368 | -98.5% |
| Cash at bank and in hand | 54/58 | €2,104,481 | €808,724 | -€1.3m | -61.6% |
| Deferred charges and accrued income | 490/1 | €36,771 | €41,682 | +€4,911 | +13.4% |
| Total equity and liabilities | 10/49 | €6,070,419 | €6,313,352 | +€242,933 | +4.0% |
| Equity | 10/15 | €3,896,595 | €4,799,380 | +€902,786 | +23.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €3,811,219 | €4,716,219 | +€905,000 | +23.7% |
| Distributable reserves | 133 | €3,811,219 | €4,716,219 | +€905,000 | +23.7% |
| Profit (loss) carried forward | 14 | €19 | €511 | +€492 | +2557.0% |
| Investment grants | 15 | €15,357 | €12,651 | -€2,706 | -17.6% |
| Amounts payable | 17/49 | €2,173,824 | €1,513,972 | -€659,853 | -30.4% |
| Amounts payable within one year | 42/48 | €2,173,824 | €1,513,972 | -€659,853 | -30.4% |
| Trade debts | 44 | €590,909 | €307,711 | -€283,197 | -47.9% |
| Suppliers | 440/4 | €590,909 | €307,711 | -€283,197 | -47.9% |
| Advances received on contracts in progress | 46 | €1,269,906 | €894,276 | -€375,630 | -29.6% |
| Taxes, remuneration and social security | 45 | €208,148 | €279,794 | +€71,646 | +34.4% |
| Taxes | 450/3 | €6,829 | €101,343 | +€94,514 | +1384.0% |
| Remuneration and social security | 454/9 | €201,319 | €178,450 | -€22,868 | -11.4% |
| Other amounts payable | 47/48 | €104,861 | €32,191 | -€72,671 | -69.3% |
| Remuneration, social security and pensions | 62 | €1,675,035 | €1,708,350 | +€33,315 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,185 | €135,719 | +€22,534 | +19.9% |
| Other operating charges | 640/8 | €17,474 | €19,875 | +€2,401 | +13.7% |
| Gross operating margin | 9900 | €2,940,612 | €3,054,264 | +€113,653 | +3.9% |
| Operating profit (loss) | 9901 | €1,134,917 | €1,190,320 | +€55,403 | +4.9% |
| Financial income | 75/76B | €55,805 | €32,895 | -€22,910 | -41.1% |
| Recurring financial income | 75 | €55,805 | €32,895 | -€22,910 | -41.1% |
| Financial charges | 65/66B | €5,751 | €6,002 | +€251 | +4.4% |
| Recurring financial charges | 65 | €5,751 | €6,002 | +€251 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €1,184,972 | €1,217,213 | +€32,242 | +2.7% |
| Income taxes | 67/77 | €304,357 | €311,722 | +€7,364 | +2.4% |
| Profit (loss) for the period | 9904 | €880,614 | €905,492 | +€24,878 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €880,614 | €905,492 | +€24,878 | +2.8% |
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 4 October 2026 via checked.be.