SYSDICOM: what changed
Two fiscal 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.
SYSDICOM
Largest movements
- Cash -€51,458
down €51,458 (-44.3%), from €116,201 to €64,743
mainly Current investments (-€40,079) and Receivables within one year (-€13,450)
- Current investments +€40,079
new in 2025: €40,079
- Tangible fixed assets -€25,595
down €25,595 (-7.2%), from €356,183 to €330,588
- Receivables within one year +€13,450
up €13,450 (+33.9%), from €39,730 to €53,180
of which Trade receivables: +€8,080
- Financial fixed assets +€6,250
up €6,250 (+108.7%), from €5,750 to €12,000
- Debts after one year -€10,820
down €10,820 (-5.0%), from €218,057 to €207,237
- Gross operating margin -€68,189
down €68,189 (-66.5%), from €102,545 to €34,355
- Taxes -€20,063
down €20,063 (-99.4%), from €20,191 to €127
- Depreciation -€5,341
down €5,341 (-15.9%), from €33,520 to €28,179
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 | €533,188 | €514,590 | -€18,598 | -3.5% |
| Fixed assets | 21/28 | €361,933 | €342,588 | -€19,345 | -5.3% |
| Tangible fixed assets | 22/27 | €356,183 | €330,588 | -€25,595 | -7.2% |
| Land and buildings | 22 | €306,984 | €295,047 | -€11,937 | -3.9% |
| Plant, machinery and equipment | 23 | €22,184 | €17,801 | -€4,383 | -19.8% |
| Furniture and vehicles | 24 | €27,015 | €17,741 | -€9,274 | -34.3% |
| Financial fixed assets | 28 | €5,750 | €12,000 | +€6,250 | +108.7% |
| Current assets | 29/58 | €171,255 | €172,002 | +€747 | +0.4% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Other amounts receivable | 291 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,730 | €53,180 | +€13,450 | +33.9% |
| Trade receivables | 40 | €11,845 | €19,924 | +€8,080 | +68.2% |
| Other amounts receivable | 41 | €27,885 | €33,256 | +€5,370 | +19.3% |
| Current investments | 50/53 | - | €40,079 | +€40,079 | |
| Cash at bank and in hand | 54/58 | €116,201 | €64,743 | -€51,458 | -44.3% |
| Deferred charges and accrued income | 490/1 | €1,324 | - | -€1,324 | |
| Total equity and liabilities | 10/49 | €533,188 | €514,590 | -€18,598 | -3.5% |
| Equity | 10/15 | €277,445 | €276,911 | -€534 | -0.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €271,245 | €271,245 | = | 0.0% |
| Distributable reserves | 133 | €271,245 | €271,245 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€534 | -€534 | |
| Amounts payable | 17/49 | €255,743 | €237,680 | -€18,064 | -7.1% |
| Amounts payable after more than one year | 17 | €218,057 | €207,237 | -€10,820 | -5.0% |
| Financial debts | 170/4 | €218,057 | €207,237 | -€10,820 | -5.0% |
| Amounts payable within one year | 42/48 | €37,686 | €30,443 | -€7,244 | -19.2% |
| Current portion of amounts payable after more than one year | 42 | €12,685 | €10,820 | -€1,865 | -14.7% |
| Trade debts | 44 | €3,759 | €1,536 | -€2,224 | -59.2% |
| Suppliers | 440/4 | €3,759 | €1,536 | -€2,224 | -59.2% |
| Taxes, remuneration and social security | 45 | €2,489 | €2,177 | -€312 | -12.5% |
| Taxes | 450/3 | €2,489 | €2,177 | -€312 | -12.5% |
| Other amounts payable | 47/48 | €18,753 | €15,910 | -€2,843 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,520 | €28,179 | -€5,341 | -15.9% |
| Other operating charges | 640/8 | €1,284 | €1,618 | +€334 | +26.0% |
| Gross operating margin | 9900 | €102,545 | €34,355 | -€68,189 | -66.5% |
| Operating profit (loss) | 9901 | €67,741 | €4,558 | -€63,183 | -93.3% |
| Financial income | 75/76B | €198 | €353 | +€155 | +78.7% |
| Recurring financial income | 75 | €198 | €353 | +€155 | +78.7% |
| Financial charges | 65/66B | €5,469 | €5,318 | -€152 | -2.8% |
| Recurring financial charges | 65 | €5,469 | €5,318 | -€152 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €62,469 | -€407 | -€62,875 | |
| Income taxes | 67/77 | €20,191 | €127 | -€20,063 | -99.4% |
| Profit (loss) for the period | 9904 | €42,278 | -€534 | -€42,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,278 | -€534 | -€42,812 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.