A-CSYS: 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.
A-CSYS
Largest movements
- Receivables within one year +€49,118
up €49,118 (+11.2%), from €437,232 to €486,350
of which Other amounts receivable: +€56,464
- Tangible fixed assets +€34,570
up €34,570 (+14.9%), from €232,765 to €267,335
of which Furniture and vehicles: +€51,094
- Intangible fixed assets +€23,299
up €23,299 (+1572.5%), from €1,482 to €24,781
- Stocks and contracts +€22,383
up €22,383 (+31.0%), from €72,112 to €94,496
- Cash -€14,340
down €14,340 (-13.4%), from €106,688 to €92,348
mainly Investment in fixed assets (net) (-€141,414) and Receivables within one year (-€49,118)
- Short-term financial debts +€106,127
up €106,127 (+987.6%), from €10,746 to €116,872
- Accrued charges and deferred income +€101,948
up €101,948 (+420.9%), from €24,220 to €126,168
- Current portion of long-term debt -€33,801
down €33,801 (-41.6%), from €81,200 to €47,399
- Debts after one year -€31,669
down €31,669 (-17.1%), from €185,081 to €153,411
- Advances received -€28,126
down €28,126 (-72.6%), from €38,720 to €10,594
- Staff costs +€218,499
up €218,499 (+31.3%), from €698,616 to €917,116
- Gross operating margin +€82,017
up €82,017 (+8.5%), from €962,281 to €1.0m
- Taxes -€25,695
down €25,695 (-81.1%), from €31,690 to €5,995
- Depreciation +€12,395
up €12,395 (+17.3%), from €71,680 to €84,075
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 | €971,470 | €1,085,154 | +€113,684 | +11.7% |
| Fixed assets | 21/28 | €250,279 | €307,618 | +€57,339 | +22.9% |
| Intangible fixed assets | 21 | €1,482 | €24,781 | +€23,299 | +1572.5% |
| Tangible fixed assets | 22/27 | €232,765 | €267,335 | +€34,570 | +14.9% |
| Plant, machinery and equipment | 23 | €60,255 | €50,669 | -€9,587 | -15.9% |
| Furniture and vehicles | 24 | €71,324 | €122,418 | +€51,094 | +71.6% |
| Other tangible fixed assets | 26 | €101,186 | €94,248 | -€6,938 | -6.9% |
| Financial fixed assets | 28 | €16,032 | €15,502 | -€530 | -3.3% |
| Current assets | 29/58 | €721,191 | €777,536 | +€56,345 | +7.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Trade receivables | 290 | €80,000 | €80,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €72,112 | €94,496 | +€22,383 | +31.0% |
| Stocks | 30/36 | €72,112 | €94,496 | +€22,383 | +31.0% |
| Amounts receivable within one year | 40/41 | €437,232 | €486,350 | +€49,118 | +11.2% |
| Trade receivables | 40 | €407,439 | €400,092 | -€7,346 | -1.8% |
| Other amounts receivable | 41 | €29,793 | €86,258 | +€56,464 | +189.5% |
| Current investments | 50/53 | €3,900 | €3,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €106,688 | €92,348 | -€14,340 | -13.4% |
| Deferred charges and accrued income | 490/1 | €21,259 | €20,442 | -€816 | -3.8% |
| Total equity and liabilities | 10/49 | €971,470 | €1,085,154 | +€113,684 | +11.7% |
| Equity | 10/15 | €350,043 | €355,442 | +€5,399 | +1.5% |
| Contributions | 10/11 | €7,583 | €7,583 | = | 0.0% |
| Reserves | 13 | €124,653 | €142,834 | +€18,182 | +14.6% |
| Distributable reserves | 133 | €124,653 | €142,834 | +€18,182 | +14.6% |
| Profit (loss) carried forward | 14 | €198,434 | €205,025 | +€6,591 | +3.3% |
| Investment grants | 15 | €19,374 | - | -€19,374 | |
| Amounts payable | 17/49 | €621,427 | €729,712 | +€108,285 | +17.4% |
| Amounts payable after more than one year | 17 | €185,081 | €153,411 | -€31,669 | -17.1% |
| Financial debts | 170/4 | €185,081 | €153,411 | -€31,669 | -17.1% |
| Amounts payable within one year | 42/48 | €412,127 | €450,133 | +€38,006 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €81,200 | €47,399 | -€33,801 | -41.6% |
| Financial debts | 43 | €10,746 | €116,872 | +€106,127 | +987.6% |
| Credit institutions | 430/8 | €10,746 | €116,872 | +€106,127 | +987.6% |
| Trade debts | 44 | €191,844 | €189,491 | -€2,352 | -1.2% |
| Suppliers | 440/4 | €191,844 | €189,491 | -€2,352 | -1.2% |
| Advances received on contracts in progress | 46 | €38,720 | €10,594 | -€28,126 | -72.6% |
| Taxes, remuneration and social security | 45 | €84,381 | €85,776 | +€1,395 | +1.7% |
| Taxes | 450/3 | €19,060 | €11,690 | -€7,370 | -38.7% |
| Remuneration and social security | 454/9 | €65,320 | €74,086 | +€8,765 | +13.4% |
| Other amounts payable | 47/48 | €5,236 | - | -€5,236 | |
| Accrued charges and deferred income | 492/3 | €24,220 | €126,168 | +€101,948 | +420.9% |
| Remuneration, social security and pensions | 62 | €698,616 | €917,116 | +€218,499 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,680 | €84,075 | +€12,395 | +17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€7,105 | -€7,105 | |
| Other operating charges | 640/8 | €2,796 | €4,865 | +€2,069 | +74.0% |
| Non-recurring operating charges | 66A | €126 | - | -€126 | |
| Gross operating margin | 9900 | €962,281 | €1,044,299 | +€82,017 | +8.5% |
| Operating profit (loss) | 9901 | €189,062 | €45,348 | -€143,714 | -76.0% |
| Financial income | 75/76B | €52 | €305 | +€253 | +487.2% |
| Recurring financial income | 75 | €52 | €305 | +€253 | +487.2% |
| Financial charges | 65/66B | €14,254 | €14,886 | +€632 | +4.4% |
| Recurring financial charges | 65 | €14,254 | €14,886 | +€632 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €174,861 | €30,768 | -€144,093 | -82.4% |
| Income taxes | 67/77 | €31,690 | €5,995 | -€25,695 | -81.1% |
| Profit (loss) for the period | 9904 | €143,171 | €24,773 | -€118,398 | -82.7% |
| Profit (loss) for the period to be appropriated | 9905 | €143,171 | €24,773 | -€118,398 | -82.7% |
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 10 October 2026 via checked.be.