SYSCON: 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.
SYSCON
Largest movements
- Tangible fixed assets +€86,024
up €86,024 (+1050.4%), from €8,190 to €94,214
of which Furniture and vehicles: +€86,383
- Receivables within one year -€37,592
down €37,592 (-67.0%), from €56,099 to €18,508
of which Trade receivables: -€24,116
- Cash +€10,532
up €10,532 (+20.3%), from €51,816 to €62,348
mainly Net result for the year (+€71,417) and Debts after one year (+€45,719)
- Intangible fixed assets -€3,721
down €3,721 (-25.0%), from €14,873 to €11,152
- Reserves +€71,417
up €71,417 (+126.0%), from €56,702 to €128,119
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year +€45,719
new in 2025: €45,719
- Contributions -€17,600
down €17,600 (-94.6%), from €18,600 to €1,000
- Current portion of long-term debt +€14,281
new in 2025: €14,281
- Financial income +€49,160
up €49,160 (+3750.0%), from €1,311 to €50,471
- Gross operating margin -€5,537
down €5,537 (-10.7%), from €51,739 to €46,202
- Financial charges +€1,112
up €1,112 (+335.9%), from €331 to €1,443
- Other operating charges +€901
up €901 (+145.1%), from €621 to €1,523
- Depreciation +€666
up €666 (+10.2%), from €6,536 to €7,202
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.
Cash bridge derived
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 | €156,098 | €213,176 | +€57,079 | +36.6% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €48,063 | €130,366 | +€82,303 | +171.2% |
| Intangible fixed assets | 21 | €14,873 | €11,152 | -€3,721 | -25.0% |
| Tangible fixed assets | 22/27 | €8,190 | €94,214 | +€86,024 | +1050.4% |
| Plant, machinery and equipment | 23 | €2,782 | €2,423 | -€358 | -12.9% |
| Furniture and vehicles | 24 | €5,408 | €91,791 | +€86,383 | +1597.2% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €108,035 | €82,810 | -€25,225 | -23.3% |
| Amounts receivable within one year | 40/41 | €56,099 | €18,508 | -€37,592 | -67.0% |
| Trade receivables | 40 | €37,153 | €13,037 | -€24,116 | -64.9% |
| Other amounts receivable | 41 | €18,947 | €5,471 | -€13,475 | -71.1% |
| Cash at bank and in hand | 54/58 | €51,816 | €62,348 | +€10,532 | +20.3% |
| Deferred charges and accrued income | 490/1 | €120 | €1,955 | +€1,835 | +1533.4% |
| Total equity and liabilities | 10/49 | €156,098 | €213,176 | +€57,079 | +36.6% |
| Equity | 10/15 | €75,302 | €129,119 | +€53,817 | +71.5% |
| Contributions | 10/11 | €18,600 | €1,000 | -€17,600 | -94.6% |
| Reserves | 13 | €56,702 | €128,119 | +€71,417 | +126.0% |
| Distributable reserves | 133 | €56,702 | €128,119 | +€71,417 | +126.0% |
| Amounts payable | 17/49 | €80,795 | €84,057 | +€3,262 | +4.0% |
| Amounts payable after more than one year | 17 | - | €45,719 | +€45,719 | |
| Financial debts | 170/4 | - | €45,719 | +€45,719 | |
| Amounts payable within one year | 42/48 | €80,795 | €38,339 | -€42,457 | -52.5% |
| Current portion of amounts payable after more than one year | 42 | - | €14,281 | +€14,281 | |
| Trade debts | 44 | €5,201 | €1,647 | -€3,554 | -68.3% |
| Suppliers | 440/4 | €5,201 | €1,647 | -€3,554 | -68.3% |
| Taxes, remuneration and social security | 45 | €25,595 | €22,411 | -€3,184 | -12.4% |
| Taxes | 450/3 | €25,595 | €22,411 | -€3,184 | -12.4% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,536 | €7,202 | +€666 | +10.2% |
| Other operating charges | 640/8 | €621 | €1,523 | +€901 | +145.1% |
| Gross operating margin | 9900 | €51,739 | €46,202 | -€5,537 | -10.7% |
| Operating profit (loss) | 9901 | €44,582 | €37,478 | -€7,105 | -15.9% |
| Financial income | 75/76B | €1,311 | €50,471 | +€49,160 | +3750.0% |
| Recurring financial income | 75 | €1,311 | €50,471 | +€49,160 | +3750.0% |
| Financial charges | 65/66B | €331 | €1,443 | +€1,112 | +335.9% |
| Recurring financial charges | 65 | €331 | €1,443 | +€1,112 | +335.9% |
| Profit (loss) for the period before taxes | 9903 | €45,562 | €86,505 | +€40,943 | +89.9% |
| Income taxes | 67/77 | €15,512 | €15,089 | -€424 | -2.7% |
| Profit (loss) for the period | 9904 | €30,050 | €71,417 | +€41,367 | +137.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,050 | €71,417 | +€41,367 | +137.7% |
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 11 October 2026 via checked.be.