2M 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.
2M SYSTEMS
Largest movements
- Receivables within one year +€46,219
up €46,219 (+41.3%), from €111,799 to €158,018
of which Trade receivables: +€24,411
- Tangible fixed assets -€23,626
down €23,626 (-10.1%), from €234,458 to €210,832
of which Furniture and vehicles: -€12,396
- Cash +€20,418
up €20,418 (+4.2%), from €484,699 to €505,117
mainly Net result for the year (+€50,329) and Depreciation (+€29,916)
- Reserves +€50,329
up €50,329 (+7.8%), from €645,978 to €696,307
- Tax, wage and social debts +€20,259
up €20,259 (+80.4%), from €25,198 to €45,457
of which Taxes: +€19,562
- Debts after one year -€15,991
down €15,991 (-32.5%), from €49,156 to €33,165
- Gross operating margin -€76,334
down €76,334 (-33.7%), from €226,243 to €149,909
- Taxes -€22,563
down €22,563 (-52.5%), from €42,967 to €20,405
- Staff costs +€4,550
up €4,550 (+10.7%), from €42,417 to €46,968
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 | €872,590 | €920,515 | +€47,925 | +5.5% |
| Fixed assets | 21/28 | €234,458 | €210,832 | -€23,626 | -10.1% |
| Tangible fixed assets | 22/27 | €234,458 | €210,832 | -€23,626 | -10.1% |
| Land and buildings | 22 | €204,762 | €193,532 | -€11,230 | -5.5% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €29,096 | €16,700 | -€12,396 | -42.6% |
| Other tangible fixed assets | 26 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €638,132 | €709,683 | +€71,551 | +11.2% |
| Stocks and contracts in progress | 3 | €30,598 | €38,446 | +€7,848 | +25.6% |
| Stocks | 30/36 | €30,598 | €38,446 | +€7,848 | +25.6% |
| Amounts receivable within one year | 40/41 | €111,799 | €158,018 | +€46,219 | +41.3% |
| Trade receivables | 40 | €103,820 | €128,231 | +€24,411 | +23.5% |
| Other amounts receivable | 41 | €7,979 | €29,787 | +€21,808 | +273% |
| Cash at bank and in hand | 54/58 | €484,699 | €505,117 | +€20,418 | +4.2% |
| Deferred charges and accrued income | 490/1 | €11,035 | €8,101 | -€2,934 | -26.6% |
| Total equity and liabilities | 10/49 | €872,590 | €920,515 | +€47,925 | +5.5% |
| Equity | 10/15 | €652,178 | €702,507 | +€50,329 | +7.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €645,978 | €696,307 | +€50,329 | +7.8% |
| Distributable reserves | 133 | €645,978 | €696,307 | +€50,329 | +7.8% |
| Amounts payable | 17/49 | €220,412 | €218,008 | -€2,404 | -1.1% |
| Amounts payable after more than one year | 17 | €49,156 | €33,165 | -€15,991 | -32.5% |
| Financial debts | 170/4 | €49,156 | €33,165 | -€15,991 | -32.5% |
| Amounts payable within one year | 42/48 | €171,256 | €184,843 | +€13,587 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €15,715 | €15,991 | +€276 | +1.8% |
| Trade debts | 44 | €33,356 | €33,292 | -€64 | -0.2% |
| Suppliers | 440/4 | €33,356 | €33,292 | -€64 | -0.2% |
| Taxes, remuneration and social security | 45 | €25,198 | €45,457 | +€20,259 | +80.4% |
| Taxes | 450/3 | €20,075 | €39,638 | +€19,562 | +97.4% |
| Remuneration and social security | 454/9 | €5,123 | €5,820 | +€697 | +13.6% |
| Other amounts payable | 47/48 | €96,987 | €90,102 | -€6,885 | -7.1% |
| Remuneration, social security and pensions | 62 | €42,417 | €46,968 | +€4,550 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,098 | €29,916 | +€819 | +2.8% |
| Other operating charges | 640/8 | €916 | €918 | +€3 | +0.3% |
| Gross operating margin | 9900 | €226,243 | €149,909 | -€76,334 | -33.7% |
| Operating profit (loss) | 9901 | €153,812 | €72,107 | -€81,705 | -53.1% |
| Financial income | 75/76B | €195 | €0 | -€195 | -100.0% |
| Recurring financial income | 75 | €195 | €0 | -€195 | -100.0% |
| Financial charges | 65/66B | €1,577 | €1,373 | -€204 | -12.9% |
| Recurring financial charges | 65 | €1,577 | €1,373 | -€204 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €152,430 | €70,734 | -€81,696 | -53.6% |
| Income taxes | 67/77 | €42,967 | €20,405 | -€22,563 | -52.5% |
| Profit (loss) for the period | 9904 | €109,463 | €50,329 | -€59,134 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €109,463 | €50,329 | -€59,134 | -54.0% |
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 17 October 2026 via checked.be.