SYSECO: 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.
SYSECO
Largest movements
- Tangible fixed assets +€82,485
up €82,485 (+78.5%), from €105,143 to €187,628
of which Land and buildings: +€125,628
- Cash -€81,034
down €81,034 (-67.4%), from €120,218 to €39,185
mainly Investment in fixed assets (net) (-€99,136) and Receivables within one year (-€43,938)
- Receivables within one year +€43,938
up €43,938 (+47.1%), from €93,346 to €137,284
of which Trade receivables: +€30,296
- Trade debts +€49,077
up €49,077 (+989%), from €4,963 to €54,041
- Tax, wage and social debts -€10,581
down €10,581 (-28.8%), from €36,799 to €26,219
of which Taxes: -€10,581
- Reserves +€8,139
up €8,139 (+3.5%), from €233,355 to €241,494
of which Distributable reserves: +€8,139
- Turnover +€185,353
new in 2025: €185,353
- Purchases and services +€137,125
new in 2025: €137,125
- Other operating charges +€12,243
up €12,243 (+227%), from €5,384 to €17,628
- Financial income -€4,136
down €4,136 (-98.0%), from €4,221 to €85
- Depreciation +€3,547
up €3,547 (+27.1%), from €13,104 to €16,651
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 | €319,738 | €364,633 | +€44,895 | +14.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €105,143 | €187,628 | +€82,485 | +78.5% |
| Tangible fixed assets | 22/27 | €105,143 | €187,628 | +€82,485 | +78.5% |
| Land and buildings | 22 | €26,607 | €152,235 | +€125,628 | +472% |
| Plant, machinery and equipment | 23 | €6,084 | €6,026 | -€58 | -1.0% |
| Furniture and vehicles | 24 | €21,115 | €16,125 | -€4,991 | -23.6% |
| Other tangible fixed assets | 26 | €18,337 | €13,243 | -€5,094 | -27.8% |
| Assets under construction and advance payments | 27 | €33,000 | €0 | -€33,000 | -100% |
| Current assets | 29/58 | €214,596 | €177,005 | -€37,590 | -17.5% |
| Amounts receivable after more than one year | 29 | - | €0 | = | |
| Other amounts receivable | 291 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €93,346 | €137,284 | +€43,938 | +47.1% |
| Trade receivables | 40 | €16,321 | €46,616 | +€30,296 | +186% |
| Other amounts receivable | 41 | €77,025 | €90,667 | +€13,642 | +17.7% |
| Cash at bank and in hand | 54/58 | €120,218 | €39,185 | -€81,034 | -67.4% |
| Deferred charges and accrued income | 490/1 | €1,031 | €537 | -€494 | -47.9% |
| Total equity and liabilities | 10/49 | €319,738 | €364,633 | +€44,895 | +14.0% |
| Equity | 10/15 | €276,235 | €284,374 | +€8,139 | +2.9% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Contributions outside capital | 11 | €2,000 | €22,000 | +€20,000 | +1,000% |
| Other | 1109/19 | €2,000 | €22,000 | +€20,000 | +1,000% |
| Reserves | 13 | €233,355 | €241,494 | +€8,139 | +3.5% |
| Tax-exempt reserves | 132 | €4,500 | €4,500 | = | 0.0% |
| Distributable reserves | 133 | €228,855 | €236,994 | +€8,139 | +3.6% |
| Profit (loss) carried forward | 14 | €20,880 | €20,880 | = | 0.0% |
| Amounts payable | 17/49 | €43,504 | €80,259 | +€36,756 | +84.5% |
| Amounts payable within one year | 42/48 | €43,364 | €80,259 | +€36,895 | +85.1% |
| Financial debts | 43 | €1,602 | €0 | -€1,602 | -100% |
| Credit institutions | 430/8 | €1,602 | €0 | -€1,602 | -100% |
| Trade debts | 44 | €4,963 | €54,041 | +€49,077 | +989% |
| Suppliers | 440/4 | €4,963 | €54,041 | +€49,077 | +989% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €36,799 | €26,219 | -€10,581 | -28.8% |
| Taxes | 450/3 | €36,799 | €26,219 | -€10,581 | -28.8% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Accrued charges and deferred income | 492/3 | €140 | €0 | -€140 | -100% |
| Turnover | 70 | - | €185,353 | +€185,353 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €137,125 | +€137,125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,104 | €16,651 | +€3,547 | +27.1% |
| Other operating charges | 640/8 | €5,384 | €17,628 | +€12,243 | +227% |
| Gross operating margin | 9900 | €61,407 | €58,343 | -€3,064 | -5.0% |
| Operating profit (loss) | 9901 | €42,918 | €24,064 | -€18,854 | -43.9% |
| Financial income | 75/76B | €4,221 | €85 | -€4,136 | -98.0% |
| Recurring financial income | 75 | €4,221 | €85 | -€4,136 | -98.0% |
| Financial charges | 65/66B | €914 | €790 | -€124 | -13.6% |
| Recurring financial charges | 65 | €914 | €790 | -€124 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €46,225 | €23,359 | -€22,866 | -49.5% |
| Income taxes | 67/77 | €14,228 | €15,220 | +€992 | +7.0% |
| Profit (loss) for the period | 9904 | €31,997 | €8,139 | -€23,858 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,997 | €8,139 | -€23,858 | -74.6% |
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 18 October 2026 via checked.be.