C - 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.
C - SYSTEMS
Largest movements
- Tangible fixed assets -€43,267
down €43,267 (-11.8%), from €367,465 to €324,198
of which Plant, machinery and equipment: -€27,974
- Deferred charges and accrued income +€29,768
up €29,768 (+99.7%), from €29,848 to €59,616
- Receivables within one year -€8,821
down €8,821 (-84.2%), from €10,481 to €1,660
- Debts after one year -€25,650
no longer reported in 2025 (was €25,650)
- Gross operating margin -€19,604
down €19,604 (-14.5%), from €135,055 to €115,451
- Staff costs -€14,508
down €14,508 (-20.6%), from €70,370 to €55,862
- Depreciation -€4,817
down €4,817 (-10.0%), from €48,084 to €43,267
- Financial income -€1,929
down €1,929 (-98.1%), from €1,968 to €38
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 | €429,151 | €404,081 | -€25,069 | -5.8% |
| Fixed assets | 21/28 | €367,465 | €324,198 | -€43,267 | -11.8% |
| Tangible fixed assets | 22/27 | €367,465 | €324,198 | -€43,267 | -11.8% |
| Land and buildings | 22 | €129,888 | €114,594 | -€15,294 | -11.8% |
| Plant, machinery and equipment | 23 | €210,078 | €182,104 | -€27,974 | -13.3% |
| Furniture and vehicles | 24 | €27,500 | €27,500 | = | 0.0% |
| Current assets | 29/58 | €61,686 | €79,884 | +€18,198 | +29.5% |
| Amounts receivable within one year | 40/41 | €10,481 | €1,660 | -€8,821 | -84.2% |
| Trade receivables | 40 | €10,481 | €1,660 | -€8,821 | -84.2% |
| Cash at bank and in hand | 54/58 | €21,356 | €18,608 | -€2,749 | -12.9% |
| Deferred charges and accrued income | 490/1 | €29,848 | €59,616 | +€29,768 | +99.7% |
| Total equity and liabilities | 10/49 | €429,151 | €404,081 | -€25,069 | -5.8% |
| Equity | 10/15 | €185,432 | €187,453 | +€2,021 | +1.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €166,432 | €168,453 | +€2,021 | +1.2% |
| Distributable reserves | 133 | €166,432 | €168,453 | +€2,021 | +1.2% |
| Amounts payable | 17/49 | €243,718 | €216,628 | -€27,090 | -11.1% |
| Amounts payable after more than one year | 17 | €25,650 | - | -€25,650 | |
| Financial debts | 170/4 | €25,650 | - | -€25,650 | |
| Amounts payable within one year | 42/48 | €217,938 | €216,602 | -€1,336 | -0.6% |
| Current portion of amounts payable after more than one year | 42 | - | €3,975 | +€3,975 | |
| Trade debts | 44 | €25,388 | €22,358 | -€3,030 | -11.9% |
| Suppliers | 440/4 | €25,388 | €22,358 | -€3,030 | -11.9% |
| Taxes, remuneration and social security | 45 | €16,509 | €15,681 | -€828 | -5.0% |
| Taxes | 450/3 | €8,997 | €10,178 | +€1,180 | +13.1% |
| Remuneration and social security | 454/9 | €7,511 | €5,503 | -€2,008 | -26.7% |
| Other amounts payable | 47/48 | €176,042 | €174,589 | -€1,453 | -0.8% |
| Accrued charges and deferred income | 492/3 | €130 | €26 | -€104 | -80.0% |
| Non-recurring operating income | 76A | €309 | - | -€309 | |
| Remuneration, social security and pensions | 62 | €70,370 | €55,862 | -€14,508 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,084 | €43,267 | -€4,817 | -10.0% |
| Other operating charges | 640/8 | €6,299 | €5,627 | -€672 | -10.7% |
| Gross operating margin | 9900 | €135,055 | €115,451 | -€19,604 | -14.5% |
| Operating profit (loss) | 9901 | €10,302 | €10,695 | +€393 | +3.8% |
| Financial income | 75/76B | €1,968 | €38 | -€1,929 | -98.1% |
| Recurring financial income | 75 | €1,968 | €38 | -€1,929 | -98.1% |
| Financial charges | 65/66B | €7,036 | €6,208 | -€828 | -11.8% |
| Recurring financial charges | 65 | €7,036 | €6,208 | -€828 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €5,234 | €4,525 | -€709 | -13.5% |
| Income taxes | 67/77 | €2,537 | €2,504 | -€33 | -1.3% |
| Profit (loss) for the period | 9904 | €2,697 | €2,021 | -€676 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,697 | €2,021 | -€676 | -25.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.