7 M Systems: 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.
7 M Systems
Largest movements
- Cash +€361,173
up €361,173 (+76.6%), from €471,645 to €832,818
mainly Accrued charges and deferred income (+€322,579) and Receivables within one year (+€220,862)
- Receivables within one year -€220,862
down €220,862 (-7.4%), from €3.0m to €2.8m
of which Trade receivables: -€140,529
- Tangible fixed assets -€85,470
down €85,470 (-29.8%), from €286,629 to €201,160
of which Leasing and similar rights: -€66,816
- Accrued charges and deferred income +€322,579
up €322,579 (+658.3%), from €49,000 to €371,579
- Trade debts -€248,193
down €248,193 (-15.0%), from €1.7m to €1.4m
- Reserves +€191,992
up €191,992 (+25.7%), from €747,604 to €939,596
of which Distributable reserves: +€191,992
- Other debts -€145,436
down €145,436 (-30.0%), from €485,547 to €340,111
- Debts after one year -€80,166
down €80,166 (-51.1%), from €157,032 to €76,866
- Staff costs +€82,891
up €82,891 (+3.4%), from €2.4m to €2.5m
- Gross operating margin +€52,011
up €52,011 (+1.8%), from €3.0m to €3.0m
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 | €3,822,945 | €3,863,225 | +€40,280 | +1.1% |
| Fixed assets | 21/28 | €296,374 | €212,757 | -€83,616 | -28.2% |
| Intangible fixed assets | 21 | €104 | €0 | -€104 | -100.0% |
| Tangible fixed assets | 22/27 | €286,629 | €201,160 | -€85,470 | -29.8% |
| Plant, machinery and equipment | 23 | €62,765 | €41,534 | -€21,231 | -33.8% |
| Furniture and vehicles | 24 | €28,767 | €31,344 | +€2,577 | +9.0% |
| Leasing and similar rights | 25 | €195,098 | €128,282 | -€66,816 | -34.2% |
| Financial fixed assets | 28 | €9,640 | €11,598 | +€1,958 | +20.3% |
| Current assets | 29/58 | €3,526,571 | €3,650,467 | +€123,896 | +3.5% |
| Stocks and contracts in progress | 3 | €37,925 | €37,066 | -€859 | -2.3% |
| Stocks | 30/36 | €37,925 | €37,066 | -€859 | -2.3% |
| Amounts receivable within one year | 40/41 | €2,990,521 | €2,769,659 | -€220,862 | -7.4% |
| Trade receivables | 40 | €2,851,005 | €2,710,476 | -€140,529 | -4.9% |
| Other amounts receivable | 41 | €139,516 | €59,183 | -€80,333 | -57.6% |
| Cash at bank and in hand | 54/58 | €471,645 | €832,818 | +€361,173 | +76.6% |
| Deferred charges and accrued income | 490/1 | €26,480 | €10,923 | -€15,556 | -58.7% |
| Total equity and liabilities | 10/49 | €3,822,945 | €3,863,225 | +€40,280 | +1.1% |
| Equity | 10/15 | €868,866 | €1,060,858 | +€191,992 | +22.1% |
| Contributions | 10/11 | €121,262 | €121,262 | = | 0.0% |
| Capital | 10 | €121,262 | €121,262 | = | 0.0% |
| Issued capital | 100 | €121,262 | €121,262 | = | 0.0% |
| Reserves | 13 | €747,604 | €939,596 | +€191,992 | +25.7% |
| Non-distributable reserves | 130/1 | €12,126 | €12,126 | = | 0.0% |
| Legal reserve | 130 | €12,126 | €12,126 | = | 0.0% |
| Distributable reserves | 133 | €735,478 | €927,470 | +€191,992 | +26.1% |
| Amounts payable | 17/49 | €2,954,079 | €2,802,367 | -€151,712 | -5.1% |
| Amounts payable after more than one year | 17 | €157,032 | €76,866 | -€80,166 | -51.1% |
| Financial debts | 170/4 | €157,032 | €76,866 | -€80,166 | -51.1% |
| Amounts payable within one year | 42/48 | €2,748,047 | €2,353,922 | -€394,125 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €76,890 | €80,166 | +€3,276 | +4.3% |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | €250,000 | €250,000 | = | 0.0% |
| Trade debts | 44 | €1,652,920 | €1,404,727 | -€248,193 | -15.0% |
| Suppliers | 440/4 | €1,652,920 | €1,404,727 | -€248,193 | -15.0% |
| Taxes, remuneration and social security | 45 | €282,691 | €278,918 | -€3,773 | -1.3% |
| Taxes | 450/3 | €26,278 | €19,408 | -€6,870 | -26.1% |
| Remuneration and social security | 454/9 | €256,413 | €259,509 | +€3,097 | +1.2% |
| Other amounts payable | 47/48 | €485,547 | €340,111 | -€145,436 | -30.0% |
| Accrued charges and deferred income | 492/3 | €49,000 | €371,579 | +€322,579 | +658.3% |
| Non-recurring operating income | 76A | €53 | €0 | -€53 | -100.0% |
| Remuneration, social security and pensions | 62 | €2,414,956 | €2,497,846 | +€82,891 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,204 | €127,704 | -€6,500 | -4.8% |
| Other operating charges | 640/8 | €11,420 | €40,500 | +€29,080 | +254.6% |
| Gross operating margin | 9900 | €2,954,490 | €3,006,501 | +€52,011 | +1.8% |
| Operating profit (loss) | 9901 | €393,911 | €340,451 | -€53,460 | -13.6% |
| Financial income | 75/76B | €68 | €427 | +€359 | +528.7% |
| Recurring financial income | 75 | €68 | €427 | +€359 | +528.7% |
| Financial charges | 65/66B | €68,238 | €58,818 | -€9,420 | -13.8% |
| Recurring financial charges | 65 | €68,238 | €58,818 | -€9,420 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €325,741 | €282,060 | -€43,682 | -13.4% |
| Income taxes | 67/77 | €96,869 | €90,068 | -€6,801 | -7.0% |
| Profit (loss) for the period | 9904 | €228,872 | €191,992 | -€36,880 | -16.1% |
| Profit (loss) for the period to be appropriated | 9905 | €228,872 | €191,992 | -€36,880 | -16.1% |
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 8 October 2026 via checked.be.