PSYSTEM: 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.
PSYSTEM
Largest movements
- Cash +€20,804
up €20,804 (+13.3%), from €156,186 to €176,990
mainly Net result for the year (+€33,234) and Other debts (+€1,543)
- Reserves +€33,000
up €33,000 (+44.3%), from €74,515 to €107,515
of which Distributable reserves: +€33,000
- Accrued charges and deferred income -€15,000
no longer reported in 2024 (was €15,000)
- Gross operating margin +€9,358
up €9,358 (+24.5%), from €38,179 to €47,538
- Taxes +€2,577
up €2,577 (+23.3%), from €11,041 to €13,619
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €170,048 | €191,127 | +€21,080 | +12.4% |
| Fixed assets | 21/28 | €1,457 | €1,129 | -€328 | -22.5% |
| Tangible fixed assets | 22/27 | €1,457 | €1,129 | -€328 | -22.5% |
| Furniture and vehicles | 24 | €1,457 | €1,129 | -€328 | -22.5% |
| Current assets | 29/58 | €168,591 | €189,999 | +€21,408 | +12.7% |
| Cash at bank and in hand | 54/58 | €156,186 | €176,990 | +€20,804 | +13.3% |
| Deferred charges and accrued income | 490/1 | €12,405 | €13,009 | +€604 | +4.9% |
| Total equity and liabilities | 10/49 | €170,048 | €191,127 | +€21,080 | +12.4% |
| Equity | 10/15 | €141,559 | €174,793 | +€33,234 | +23.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €74,515 | €107,515 | +€33,000 | +44.3% |
| 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 | €72,660 | €105,660 | +€33,000 | +45.4% |
| Profit (loss) carried forward | 14 | €54,644 | €54,878 | +€234 | +0.4% |
| Amounts payable | 17/49 | €28,488 | €16,334 | -€12,154 | -42.7% |
| Amounts payable within one year | 42/48 | €13,488 | €16,334 | +€2,846 | +21.1% |
| Trade debts | 44 | €173 | - | -€173 | |
| Suppliers | 440/4 | €173 | - | -€173 | |
| Taxes, remuneration and social security | 45 | €1,041 | €2,517 | +€1,476 | +141.7% |
| Taxes | 450/3 | €1,041 | €2,517 | +€1,476 | +141.7% |
| Other amounts payable | 47/48 | €12,274 | €13,817 | +€1,543 | +12.6% |
| Accrued charges and deferred income | 492/3 | €15,000 | - | -€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €328 | -€184 | -36.0% |
| Other operating charges | 640/8 | €492 | €516 | +€23 | +4.7% |
| Gross operating margin | 9900 | €38,179 | €47,538 | +€9,358 | +24.5% |
| Operating profit (loss) | 9901 | €37,174 | €46,694 | +€9,520 | +25.6% |
| Financial income | 75/76B | €3 | €339 | +€337 | +13249.2% |
| Recurring financial income | 75 | €3 | €339 | +€337 | +13249.2% |
| Financial charges | 65/66B | €126 | €181 | +€55 | +43.9% |
| Recurring financial charges | 65 | €126 | €181 | +€55 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €37,051 | €46,852 | +€9,801 | +26.5% |
| Income taxes | 67/77 | €11,041 | €13,619 | +€2,577 | +23.3% |
| Profit (loss) for the period | 9904 | €26,010 | €33,234 | +€7,224 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,010 | €33,234 | +€7,224 | +27.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.