Het Systeem: 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.
Het Systeem
Largest movements
- Receivables within one year +€8,691
up €8,691 (+43.9%), from €19,813 to €28,504
of which Trade receivables: +€9,624
- Deferred charges and accrued income +€5,502
up €5,502 (+853%), from €645 to €6,147
- Tangible fixed assets -€3,809
down €3,809 (-16.0%), from €23,750 to €19,941
of which Furniture and vehicles: -€2,608
- Intangible fixed assets -€2,181
down €2,181 (-49.9%), from €4,368 to €2,187
- Other debts +€65,525
new in 2025: €65,525
- Trade debts -€61,108
down €61,108 (-84.9%), from €71,948 to €10,840
- Tax, wage and social debts +€2,945
up €2,945 (+322%), from €915 to €3,861
- Debts after one year -€1,384
down €1,384 (-41.5%), from €3,334 to €1,950
- Gross operating margin +€3,170
up €3,170 (+22.1%), from €14,337 to €17,507
- Write-downs +€2,128
new in 2025: €2,128
- Taxes +€1,619
new in 2025: €1,619
- Depreciation +€1,163
up €1,163 (+11.5%), from €10,079 to €11,242
- Financial income +€658
up €658 (+1,427%), from €46 to €704
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 | €79,559 | €86,914 | +€7,355 | +9.2% |
| Fixed assets | 21/28 | €28,119 | €22,128 | -€5,991 | -21.3% |
| Intangible fixed assets | 21 | €4,368 | €2,187 | -€2,181 | -49.9% |
| Tangible fixed assets | 22/27 | €23,750 | €19,941 | -€3,809 | -16.0% |
| Land and buildings | 22 | €8,424 | €7,334 | -€1,090 | -12.9% |
| Plant, machinery and equipment | 23 | €10,104 | €9,992 | -€112 | -1.1% |
| Furniture and vehicles | 24 | €5,222 | €2,615 | -€2,608 | -49.9% |
| Current assets | 29/58 | €51,440 | €64,786 | +€13,346 | +25.9% |
| Stocks and contracts in progress | 3 | €27,020 | €26,530 | -€490 | -1.8% |
| Stocks | 30/36 | €27,020 | €26,530 | -€490 | -1.8% |
| Amounts receivable within one year | 40/41 | €19,813 | €28,504 | +€8,691 | +43.9% |
| Trade receivables | 40 | €18,748 | €28,372 | +€9,624 | +51.3% |
| Other amounts receivable | 41 | €1,065 | €132 | -€933 | -87.6% |
| Cash at bank and in hand | 54/58 | €3,963 | €3,605 | -€357 | -9.0% |
| Deferred charges and accrued income | 490/1 | €645 | €6,147 | +€5,502 | +853% |
| Total equity and liabilities | 10/49 | €79,559 | €86,914 | +€7,355 | +9.2% |
| Equity | 10/15 | €942 | €1,673 | +€731 | +77.5% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €842 | €1,573 | +€731 | +86.7% |
| Distributable reserves | 133 | €842 | €1,573 | +€731 | +86.7% |
| Amounts payable | 17/49 | €78,617 | €85,241 | +€6,625 | +8.4% |
| Amounts payable after more than one year | 17 | €3,334 | €1,950 | -€1,384 | -41.5% |
| Financial debts | 170/4 | €3,334 | €1,950 | -€1,384 | -41.5% |
| Amounts payable within one year | 42/48 | €75,282 | €83,291 | +€8,009 | +10.6% |
| Current portion of amounts payable after more than one year | 42 | €1,320 | €1,384 | +€64 | +4.8% |
| Financial debts | 43 | €1,099 | €1,682 | +€582 | +53.0% |
| Credit institutions | 430/8 | €1,099 | €1,682 | +€582 | +53.0% |
| Trade debts | 44 | €71,948 | €10,840 | -€61,108 | -84.9% |
| Suppliers | 440/4 | €71,948 | €10,840 | -€61,108 | -84.9% |
| Taxes, remuneration and social security | 45 | €915 | €3,861 | +€2,945 | +322% |
| Taxes | 450/3 | €915 | €3,861 | +€2,945 | +322% |
| Other amounts payable | 47/48 | - | €65,525 | +€65,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,079 | €11,242 | +€1,163 | +11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,128 | +€2,128 | |
| Other operating charges | 640/8 | €2,193 | €1,560 | -€632 | -28.8% |
| Gross operating margin | 9900 | €14,337 | €17,507 | +€3,170 | +22.1% |
| Operating profit (loss) | 9901 | €2,066 | €2,577 | +€511 | +24.7% |
| Financial income | 75/76B | €46 | €704 | +€658 | +1,427% |
| Recurring financial income | 75 | €46 | €704 | +€658 | +1,427% |
| Financial charges | 65/66B | €1,269 | €932 | -€337 | -26.6% |
| Recurring financial charges | 65 | €1,269 | €932 | -€337 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €842 | €2,349 | +€1,507 | +179% |
| Income taxes | 67/77 | - | €1,619 | +€1,619 | |
| Profit (loss) for the period | 9904 | €842 | €731 | -€112 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €842 | €731 | -€112 | -13.3% |
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.