SISTEMA: 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.
SISTEMA
Largest movements
- Receivables within one year +€28,449
up €28,449 (+359%), from €7,918 to €36,367
of which Trade receivables: +€28,718
- Profit (loss) carried forward +€29,161
up €29,161 (+31.8%), from -€91,691 to -€62,529
- Other debts -€1,688
down €1,688 (-1.8%), from €96,387 to €94,699
- Trade debts +€1,231
up €1,231 (+93.9%), from €1,311 to €2,542
- Gross operating margin +€46,102
up €46,102, from -€14,956 to €31,146
- Other operating charges +€744
up €744 (+97.6%), from €762 to €1,506
- Staff costs -€330
new in 2025: -€330
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 | €9,007 | €37,712 | +€28,705 | +319% |
| Current assets | 29/58 | €9,007 | €37,712 | +€28,705 | +319% |
| Amounts receivable within one year | 40/41 | €7,918 | €36,367 | +€28,449 | +359% |
| Trade receivables | 40 | €7,282 | €36,000 | +€28,718 | +394% |
| Other amounts receivable | 41 | €635 | €367 | -€268 | -42.2% |
| Cash at bank and in hand | 54/58 | €1,089 | €1,320 | +€231 | +21.2% |
| Deferred charges and accrued income | 490/1 | - | €25 | +€25 | |
| Total equity and liabilities | 10/49 | €9,007 | €37,712 | +€28,705 | +319% |
| Equity | 10/15 | -€88,691 | -€59,529 | +€29,161 | +32.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€91,691 | -€62,529 | +€29,161 | +31.8% |
| Amounts payable | 17/49 | €97,697 | €97,241 | -€456 | -0.5% |
| Amounts payable within one year | 42/48 | €97,697 | €97,241 | -€456 | -0.5% |
| Trade debts | 44 | €1,311 | €2,542 | +€1,231 | +93.9% |
| Suppliers | 440/4 | €1,311 | €2,542 | +€1,231 | +93.9% |
| Other amounts payable | 47/48 | €96,387 | €94,699 | -€1,688 | -1.8% |
| Remuneration, social security and pensions | 62 | - | -€330 | -€330 | |
| Other operating charges | 640/8 | €762 | €1,506 | +€744 | +97.6% |
| Non-recurring operating charges | 66A | €4,766 | €0 | -€4,766 | -100% |
| Gross operating margin | 9900 | -€14,956 | €31,146 | +€46,102 | |
| Operating profit (loss) | 9901 | -€20,484 | €29,970 | +€50,453 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €915 | €808 | -€106 | -11.6% |
| Recurring financial charges | 65 | €915 | €808 | -€106 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | -€21,398 | €29,161 | +€50,560 | |
| Profit (loss) for the period | 9904 | -€21,398 | €29,161 | +€50,560 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,398 | €29,161 | +€50,560 |
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.