SYSCONSTRUCT: 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.
SYSCONSTRUCT
Largest movements
- Cash -€172,249
down €172,249 (-85.1%), from €202,432 to €30,183
mainly Receivables after one year (-€120,819) and Net result for the year (-€98,009)
- Receivables after one year +€120,819
new in 2025: €120,819
- Receivables within one year -€69,385
down €69,385 (-40.3%), from €172,128 to €102,743
of which Other amounts receivable: -€40,327
- Tangible fixed assets -€6,182
down €6,182 (-3.3%), from €188,129 to €181,947
- Profit (loss) carried forward -€98,009
down €98,009 (-27.4%), from €357,871 to €259,862
- Short-term financial debts -€26,740
down €26,740 (-52.3%), from €51,111 to €24,370
- Gross operating margin -€346,116
down €346,116, from €260,781 to -€85,335
- Staff costs -€8,973
down €8,973 (-83.7%), from €10,718 to €1,745
- Other operating charges -€3,836
down €3,836 (-50.7%), from €7,559 to €3,723
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 | €576,048 | €450,398 | -€125,649 | -21.8% |
| Fixed assets | 21/28 | €195,690 | €189,508 | -€6,182 | -3.2% |
| Tangible fixed assets | 22/27 | €188,129 | €181,947 | -€6,182 | -3.3% |
| Land and buildings | 22 | €188,129 | €181,947 | -€6,182 | -3.3% |
| Financial fixed assets | 28 | €7,561 | €7,561 | = | 0.0% |
| Current assets | 29/58 | €380,357 | €260,890 | -€119,467 | -31.4% |
| Amounts receivable after more than one year | 29 | - | €120,819 | +€120,819 | |
| Other amounts receivable | 291 | - | €120,819 | +€120,819 | |
| Stocks and contracts in progress | 3 | €5,288 | €5,288 | = | 0.0% |
| Stocks | 30/36 | €5,288 | €5,288 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €172,128 | €102,743 | -€69,385 | -40.3% |
| Trade receivables | 40 | €39,802 | €10,745 | -€29,058 | -73.0% |
| Other amounts receivable | 41 | €132,326 | €91,999 | -€40,327 | -30.5% |
| Cash at bank and in hand | 54/58 | €202,432 | €30,183 | -€172,249 | -85.1% |
| Deferred charges and accrued income | 490/1 | €510 | €1,858 | +€1,348 | +264.5% |
| Total equity and liabilities | 10/49 | €576,048 | €450,398 | -€125,649 | -21.8% |
| Equity | 10/15 | €375,527 | €277,518 | -€98,009 | -26.1% |
| Contributions | 10/11 | €17,656 | €17,656 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,871 | €259,862 | -€98,009 | -27.4% |
| Provisions and deferred taxes | 16 | €148,510 | €148,510 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €148,510 | €148,510 | = | 0.0% |
| Major repairs and maintenance | 162 | €148,510 | €148,510 | = | 0.0% |
| Amounts payable | 17/49 | €52,011 | €24,370 | -€27,640 | -53.1% |
| Amounts payable within one year | 42/48 | €52,011 | €24,370 | -€27,640 | -53.1% |
| Financial debts | 43 | €51,111 | €24,370 | -€26,740 | -52.3% |
| Credit institutions | 430/8 | €51,111 | €24,370 | -€26,740 | -52.3% |
| Trade debts | 44 | €900 | - | -€900 | |
| Suppliers | 440/4 | €900 | - | -€900 | |
| Remuneration, social security and pensions | 62 | €10,718 | €1,745 | -€8,973 | -83.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,182 | €6,182 | = | 0.0% |
| Other operating charges | 640/8 | €7,559 | €3,723 | -€3,836 | -50.7% |
| Gross operating margin | 9900 | €260,781 | -€85,335 | -€346,116 | |
| Operating profit (loss) | 9901 | €236,322 | -€96,985 | -€333,307 | |
| Financial charges | 65/66B | €2,286 | €1,024 | -€1,262 | -55.2% |
| Recurring financial charges | 65 | €2,286 | €1,024 | -€1,262 | -55.2% |
| Profit (loss) for the period before taxes | 9903 | €234,036 | -€98,009 | -€332,045 | |
| Transfer to deferred taxes | 680 | €148,510 | - | -€148,510 | |
| Income taxes | 67/77 | €921 | - | -€921 | |
| Profit (loss) for the period | 9904 | €84,606 | -€98,009 | -€182,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,606 | -€98,009 | -€182,615 |
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 9 October 2026 via checked.be.