SYS concept: 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.
SYS concept
Largest movements
- Receivables within one year -€73,363
down €73,363 (-66.4%), from €110,459 to €37,095
of which Trade receivables: -€81,789
- Cash +€61,504
up €61,504 (+21.5%), from €286,514 to €348,017
mainly Net result for the year (+€114,402) and Advances received (+€97,678)
- Tangible fixed assets +€52,988
up €52,988 (+168.4%), from €31,470 to €84,458
of which Furniture and vehicles: +€44,767
- Stocks and contracts +€39,904
up €39,904 (+56.2%), from €70,997 to €110,901
- Trade debts -€145,301
down €145,301 (-80.4%), from €180,641 to €35,339
- Profit (loss) carried forward +€114,402
up €114,402 (+130.5%), from €87,682 to €202,083
- Advances received +€97,678
new in 2024: €97,678
- Other debts -€75,370
no longer reported in 2024 (was €75,370)
- Tax, wage and social debts +€48,867
up €48,867 (+22.6%), from €215,849 to €264,716
of which Taxes: +€30,581
- Gross operating margin -€17,086
down €17,086 (-4.3%), from €395,525 to €378,439
- Depreciation +€12,574
up €12,574 (+107.2%), from €11,735 to €24,309
- Financial charges +€12,006
up €12,006 (+4498.4%), from €267 to €12,273
- Taxes -€8,128
down €8,128 (-15.5%), from €52,370 to €44,241
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 | €570,541 | €650,091 | +€79,550 | +13.9% |
| Formation expenses | 20 | €620 | €333 | -€287 | -46.3% |
| Fixed assets | 21/28 | €36,687 | €89,073 | +€52,386 | +142.8% |
| Intangible fixed assets | 21 | €2,217 | €1,615 | -€602 | -27.1% |
| Tangible fixed assets | 22/27 | €31,470 | €84,458 | +€52,988 | +168.4% |
| Plant, machinery and equipment | 23 | €1,979 | €7,499 | +€5,520 | +278.9% |
| Furniture and vehicles | 24 | €28,231 | €72,998 | +€44,767 | +158.6% |
| Other tangible fixed assets | 26 | €1,260 | €3,961 | +€2,701 | +214.4% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €533,234 | €560,685 | +€27,450 | +5.1% |
| Amounts receivable after more than one year | 29 | €60,000 | €60,000 | = | 0.0% |
| Other amounts receivable | 291 | €60,000 | €60,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €70,997 | €110,901 | +€39,904 | +56.2% |
| Stocks | 30/36 | €70,997 | €110,901 | +€39,904 | +56.2% |
| Amounts receivable within one year | 40/41 | €110,459 | €37,095 | -€73,363 | -66.4% |
| Trade receivables | 40 | €89,382 | €7,592 | -€81,789 | -91.5% |
| Other amounts receivable | 41 | €21,077 | €29,503 | +€8,426 | +40.0% |
| Cash at bank and in hand | 54/58 | €286,514 | €348,017 | +€61,504 | +21.5% |
| Deferred charges and accrued income | 490/1 | €5,265 | €4,671 | -€594 | -11.3% |
| Total equity and liabilities | 10/49 | €570,541 | €650,091 | +€79,550 | +13.9% |
| Equity | 10/15 | €98,682 | €213,083 | +€114,402 | +115.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,682 | €202,083 | +€114,402 | +130.5% |
| Amounts payable | 17/49 | €471,859 | €437,008 | -€34,852 | -7.4% |
| Amounts payable after more than one year | 17 | - | €29,600 | +€29,600 | |
| Financial debts | 170/4 | - | €29,600 | +€29,600 | |
| Amounts payable within one year | 42/48 | €471,859 | €407,408 | -€64,452 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,600 | +€9,600 | |
| Financial debts | 43 | - | €74 | +€74 | |
| Credit institutions | 430/8 | - | €74 | +€74 | |
| Trade debts | 44 | €180,641 | €35,339 | -€145,301 | -80.4% |
| Suppliers | 440/4 | €180,641 | €35,339 | -€145,301 | -80.4% |
| Advances received on contracts in progress | 46 | - | €97,678 | +€97,678 | |
| Taxes, remuneration and social security | 45 | €215,849 | €264,716 | +€48,867 | +22.6% |
| Taxes | 450/3 | €194,861 | €225,442 | +€30,581 | +15.7% |
| Remuneration and social security | 454/9 | €20,988 | €39,274 | +€18,287 | +87.1% |
| Other amounts payable | 47/48 | €75,370 | - | -€75,370 | |
| Remuneration, social security and pensions | 62 | €175,234 | €178,067 | +€2,833 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,735 | €24,309 | +€12,574 | +107.2% |
| Other operating charges | 640/8 | €2,039 | €5,149 | +€3,110 | +152.5% |
| Gross operating margin | 9900 | €395,525 | €378,439 | -€17,086 | -4.3% |
| Operating profit (loss) | 9901 | €206,517 | €170,914 | -€35,603 | -17.2% |
| Financial income | 75/76B | €3 | €2 | -€1 | -39.9% |
| Recurring financial income | 75 | €3 | €2 | -€1 | -39.9% |
| Financial charges | 65/66B | €267 | €12,273 | +€12,006 | +4498.4% |
| Recurring financial charges | 65 | €267 | €12,273 | +€12,006 | +4498.4% |
| Profit (loss) for the period before taxes | 9903 | €206,253 | €158,643 | -€47,610 | -23.1% |
| Income taxes | 67/77 | €52,370 | €44,241 | -€8,128 | -15.5% |
| Profit (loss) for the period | 9904 | €153,884 | €114,402 | -€39,482 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €153,884 | €114,402 | -€39,482 | -25.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.