SYSHAX International: 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.
SYSHAX International
Largest movements
- Current assets +€50,853
up €50,853 (+85.4%), from €59,527 to €110,380
of which Cash: +€38,513
- Equity +€35,574
up €35,574 (+82.6%), from €43,057 to €78,631
of which Reserves: +€35,574
- Debts within one year +€15,617
up €15,617 (+58.4%), from €26,733 to €42,350
- Gross operating margin +€57,709
up €57,709 (+637%), from €9,056 to €66,766
- Taxes +€12,907
up €12,907 (+497%), from €2,597 to €15,504
From the 2019 result to the 2020 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2019 | 2020 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,790 | €120,981 | +€51,191 | +73.4% |
| Fixed assets | 21/28 | €10,262 | €10,601 | +€338 | +3.3% |
| Tangible fixed assets | 22/27 | €10,222 | €10,561 | +€338 | +3.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €59,527 | €110,380 | +€50,853 | +85.4% |
| Amounts receivable within one year | 40/41 | €39,809 | €52,530 | +€12,721 | +32.0% |
| Cash at bank and in hand | 54/58 | €18,250 | €56,763 | +€38,513 | +211% |
| Total equity and liabilities | 10/49 | €69,790 | €120,981 | +€51,191 | +73.4% |
| Equity | 10/15 | €43,057 | €78,631 | +€35,574 | +82.6% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €36,857 | €72,431 | +€35,574 | +96.5% |
| Amounts payable | 17/49 | €26,733 | €42,350 | +€15,617 | +58.4% |
| Amounts payable within one year | 42/48 | €26,733 | €42,350 | +€15,617 | +58.4% |
| Trade debts | 44 | €4,297 | €6,911 | +€2,615 | +60.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,786 | €4,436 | -€350 | -7.3% |
| Gross operating margin | 9900 | €9,056 | €66,766 | +€57,709 | +637% |
| Operating profit (loss) | 9901 | €3,501 | €53,461 | +€49,960 | +1,427% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5,900% |
| Recurring financial charges | 65 | €1,091 | €2,384 | +€1,293 | +119% |
| Profit (loss) for the period before taxes | 9903 | €2,410 | €51,078 | +€48,668 | +2,019% |
| Income taxes | 67/77 | €2,597 | €15,504 | +€12,907 | +497% |
| Profit (loss) for the period | 9904 | -€186 | €35,574 | +€35,760 | |
| Profit (loss) for the period to be appropriated | 9905 | -€186 | €35,574 | +€35,760 |
Source: filed annual accounts (NBB), financial years ended 31 December 2019 and 31 December 2020. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.