E-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.
E-SYSTEMS
Largest movements
- Receivables after one year -€4,505
down €4,505 (-4.6%), from €97,049 to €92,544
- Reserves -€3,554
down €3,554 (-3.9%), from €90,246 to €86,692
of which Distributable reserves: -€3,554
- Gross operating margin +€1,021
up €1,021 (+28.5%), from -€3,576 to -€2,555
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 | €100,142 | €95,737 | -€4,404 | -4.4% |
| Current assets | 29/58 | €100,142 | €95,737 | -€4,404 | -4.4% |
| Amounts receivable after more than one year | 29 | €97,049 | €92,544 | -€4,505 | -4.6% |
| Other amounts receivable | 291 | €97,049 | €92,544 | -€4,505 | -4.6% |
| Amounts receivable within one year | 40/41 | €2,854 | €3,163 | +€308 | +10.8% |
| Trade receivables | 40 | €484 | €484 | = | 0.0% |
| Other amounts receivable | 41 | €2,370 | €2,678 | +€308 | +13.0% |
| Cash at bank and in hand | 54/58 | €238 | €31 | -€208 | -87.1% |
| Total equity and liabilities | 10/49 | €100,142 | €95,737 | -€4,404 | -4.4% |
| Equity | 10/15 | €96,446 | €92,892 | -€3,554 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €90,246 | €86,692 | -€3,554 | -3.9% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €88,391 | €84,837 | -€3,554 | -4.0% |
| Amounts payable | 17/49 | €3,696 | €2,845 | -€851 | -23.0% |
| Amounts payable within one year | 42/48 | €3,696 | €2,800 | -€896 | -24.2% |
| Trade debts | 44 | €3,696 | €2,800 | -€896 | -24.2% |
| Suppliers | 440/4 | €3,696 | €2,800 | -€896 | -24.2% |
| Accrued charges and deferred income | 492/3 | - | €45 | +€45 | |
| Other operating charges | 640/8 | €890 | €923 | +€33 | +3.7% |
| Gross operating margin | 9900 | -€3,576 | -€2,555 | +€1,021 | +28.5% |
| Operating profit (loss) | 9901 | -€4,466 | -€3,478 | +€988 | +22.1% |
| Financial income | 75/76B | €1 | €0 | -€1 | -97.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -97.1% |
| Financial charges | 65/66B | €81 | €76 | -€4 | -5.5% |
| Recurring financial charges | 65 | €81 | €76 | -€4 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,546 | -€3,554 | +€992 | +21.8% |
| Profit (loss) for the period | 9904 | -€4,546 | -€3,554 | +€992 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,546 | -€3,554 | +€992 | +21.8% |
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 5 October 2026 via checked.be.