SYSCOM: 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.
SYSCOM
Largest movements
- Tangible fixed assets +€88,112
up €88,112 (+18.9%), from €465,809 to €553,921
of which Furniture and vehicles: +€79,298
- Cash -€80,651
down €80,651 (-33.2%), from €242,701 to €162,050
mainly Investment in fixed assets (net) (-€170,953) and Trade debts (-€105,596)
- Receivables within one year +€45,614
up €45,614 (+18.0%), from €253,747 to €299,361
of which Trade receivables: +€107,034
- Trade debts -€105,596
down €105,596 (-21.3%), from €495,022 to €389,426
- Debts after one year +€80,000
new in 2025: €80,000
- Reserves +€44,019
up €44,019 (+13.7%), from €321,194 to €365,213
of which Distributable reserves: +€44,019
- Other debts +€35,159
new in 2025: €35,159
- Tax, wage and social debts +€12,528
up €12,528 (+13.1%), from €95,991 to €108,520
of which Remuneration and social security: +€20,005
- Gross operating margin +€77,737
up €77,737 (+9.9%), from €786,652 to €864,389
- Staff costs +€47,640
up €47,640 (+7.5%), from €639,317 to €686,957
- Financial charges -€29,972
down €29,972 (-82.0%), from €36,547 to €6,575
of which Non-recurring financial charges: -€31,168
- Depreciation +€18,546
up €18,546 (+26.8%), from €69,295 to €87,841
- Taxes +€14,641
up €14,641 (+82.6%), from €17,717 to €32,357
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 | €983,806 | €1,040,360 | +€56,555 | +5.7% |
| Fixed assets | 21/28 | €472,809 | €555,921 | +€83,112 | +17.6% |
| Intangible fixed assets | 21 | €7,000 | €2,000 | -€5,000 | -71.4% |
| Tangible fixed assets | 22/27 | €465,809 | €553,921 | +€88,112 | +18.9% |
| Land and buildings | 22 | €347,667 | €353,147 | +€5,480 | +1.6% |
| Plant, machinery and equipment | 23 | €6,975 | €10,309 | +€3,334 | +47.8% |
| Furniture and vehicles | 24 | €111,167 | €190,465 | +€79,298 | +71.3% |
| Current assets | 29/58 | €510,996 | €484,439 | -€26,557 | -5.2% |
| Stocks and contracts in progress | 3 | €3,819 | €3,970 | +€151 | +4.0% |
| Stocks | 30/36 | €3,819 | €3,970 | +€151 | +4.0% |
| Amounts receivable within one year | 40/41 | €253,747 | €299,361 | +€45,614 | +18.0% |
| Trade receivables | 40 | €187,119 | €294,153 | +€107,034 | +57.2% |
| Other amounts receivable | 41 | €66,627 | €5,208 | -€61,420 | -92.2% |
| Cash at bank and in hand | 54/58 | €242,701 | €162,050 | -€80,651 | -33.2% |
| Deferred charges and accrued income | 490/1 | €10,730 | €19,059 | +€8,329 | +77.6% |
| Total equity and liabilities | 10/49 | €983,806 | €1,040,360 | +€56,555 | +5.7% |
| Equity | 10/15 | €383,194 | €427,213 | +€44,019 | +11.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €321,194 | €365,213 | +€44,019 | +13.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €314,994 | €359,013 | +€44,019 | +14.0% |
| Amounts payable | 17/49 | €600,611 | €613,147 | +€12,536 | +2.1% |
| Amounts payable after more than one year | 17 | - | €80,000 | +€80,000 | |
| Other amounts payable | 178/9 | - | €80,000 | +€80,000 | |
| Amounts payable within one year | 42/48 | €591,013 | €533,105 | -€57,908 | -9.8% |
| Trade debts | 44 | €495,022 | €389,426 | -€105,596 | -21.3% |
| Suppliers | 440/4 | €495,022 | €389,426 | -€105,596 | -21.3% |
| Taxes, remuneration and social security | 45 | €95,991 | €108,520 | +€12,528 | +13.1% |
| Taxes | 450/3 | €24,766 | €17,289 | -€7,476 | -30.2% |
| Remuneration and social security | 454/9 | €71,226 | €91,230 | +€20,005 | +28.1% |
| Other amounts payable | 47/48 | - | €35,159 | +€35,159 | |
| Accrued charges and deferred income | 492/3 | €9,598 | €42 | -€9,556 | -99.6% |
| Non-recurring operating income | 76A | €14,840 | - | -€14,840 | |
| Remuneration, social security and pensions | 62 | €639,317 | €686,957 | +€47,640 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,295 | €87,841 | +€18,546 | +26.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,098 | - | -€1,098 | |
| Other operating charges | 640/8 | €6,928 | €6,640 | -€288 | -4.2% |
| Gross operating margin | 9900 | €786,652 | €864,389 | +€77,737 | +9.9% |
| Operating profit (loss) | 9901 | €70,014 | €82,951 | +€12,937 | +18.5% |
| Financial income | 75/76B | €84 | €0 | -€84 | -99.8% |
| Recurring financial income | 75 | €84 | €0 | -€84 | -99.8% |
| Financial charges | 65/66B | €36,547 | €6,575 | -€29,972 | -82.0% |
| Recurring financial charges | 65 | €5,379 | €6,575 | +€1,196 | +22.2% |
| Non-recurring financial charges | 66B | €31,168 | - | -€31,168 | |
| Profit (loss) for the period before taxes | 9903 | €33,550 | €76,376 | +€42,826 | +128% |
| Income taxes | 67/77 | €17,717 | €32,357 | +€14,641 | +82.6% |
| Profit (loss) for the period | 9904 | €15,834 | €44,019 | +€28,185 | +178% |
| Profit (loss) for the period to be appropriated | 9905 | €15,834 | €44,019 | +€28,185 | +178% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.