SYSLINK: 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.
SYSLINK
Largest movements
- Tangible fixed assets -€99,458
down €99,458 (-97.9%), from €101,554 to €2,096
of which Assets under construction and advance payments: -€81,747
- Cash +€85,633
up €85,633 (+366.7%), from €23,352 to €108,985
mainly Investment in fixed assets (net) (+€79,603) and Net result for the year (+€62,861)
- Receivables within one year -€45,266
down €45,266 (-20.6%), from €220,028 to €174,763
of which Trade receivables: -€48,456
- Current investments -€23,958
down €23,958 (-95.8%), from €25,000 to €1,042
- Intangible fixed assets +€16,949
new in 2025: €16,949
- Trade debts -€89,496
down €89,496 (-98.6%), from €90,765 to €1,269
- Debts after one year -€66,901
down €66,901 (-60.2%), from €111,095 to €44,194
- Profit (loss) carried forward +€62,861
up €62,861 (+290.1%), from €21,672 to €84,533
- Accrued charges and deferred income +€41,477
up €41,477 (+295.3%), from €14,045 to €55,521
- Tax, wage and social debts -€39,336
down €39,336 (-54.0%), from €72,836 to €33,500
of which Remuneration and social security: -€40,941
- Staff costs -€138,355
down €138,355 (-58.9%), from €234,737 to €96,383
- Gross operating margin +€67,377
up €67,377 (+31.2%), from €216,111 to €283,487
- Taxes +€14,278
up €14,278 (+2962.0%), from €482 to €14,760
- Write-downs -€10,262
down €10,262, from €5,131 to -€5,131
- Financial income -€2,960
down €2,960 (-91.4%), from €3,240 to €280
of which Non-recurring financial income: -€1,620
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 | €380,331 | €321,626 | -€58,705 | -15.4% |
| Fixed assets | 21/28 | €101,554 | €19,045 | -€82,509 | -81.2% |
| Intangible fixed assets | 21 | - | €16,949 | +€16,949 | |
| Tangible fixed assets | 22/27 | €101,554 | €2,096 | -€99,458 | -97.9% |
| Furniture and vehicles | 24 | €19,807 | €2,096 | -€17,711 | -89.4% |
| Assets under construction and advance payments | 27 | €81,747 | - | -€81,747 | |
| Current assets | 29/58 | €278,777 | €302,581 | +€23,804 | +8.5% |
| Stocks and contracts in progress | 3 | €5,305 | €2,260 | -€3,045 | -57.4% |
| Stocks | 30/36 | €5,305 | €2,260 | -€3,045 | -57.4% |
| Amounts receivable within one year | 40/41 | €220,028 | €174,763 | -€45,266 | -20.6% |
| Trade receivables | 40 | €215,339 | €166,883 | -€48,456 | -22.5% |
| Other amounts receivable | 41 | €4,690 | €7,880 | +€3,191 | +68.0% |
| Current investments | 50/53 | €25,000 | €1,042 | -€23,958 | -95.8% |
| Cash at bank and in hand | 54/58 | €23,352 | €108,985 | +€85,633 | +366.7% |
| Deferred charges and accrued income | 490/1 | €5,092 | €15,531 | +€10,439 | +205.0% |
| Total equity and liabilities | 10/49 | €380,331 | €321,626 | -€58,705 | -15.4% |
| Equity | 10/15 | €49,172 | €112,033 | +€62,861 | +127.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,672 | €84,533 | +€62,861 | +290.1% |
| Amounts payable | 17/49 | €331,160 | €209,593 | -€121,566 | -36.7% |
| Amounts payable after more than one year | 17 | €111,095 | €44,194 | -€66,901 | -60.2% |
| Financial debts | 170/4 | €111,095 | €44,194 | -€66,901 | -60.2% |
| Amounts payable within one year | 42/48 | €206,020 | €109,878 | -€96,142 | -46.7% |
| Current portion of amounts payable after more than one year | 42 | €42,420 | €64,532 | +€22,113 | +52.1% |
| Trade debts | 44 | €90,765 | €1,269 | -€89,496 | -98.6% |
| Suppliers | 440/4 | €90,765 | €1,269 | -€89,496 | -98.6% |
| Taxes, remuneration and social security | 45 | €72,836 | €33,500 | -€39,336 | -54.0% |
| Taxes | 450/3 | €21,831 | €23,436 | +€1,605 | +7.4% |
| Remuneration and social security | 454/9 | €51,005 | €10,064 | -€40,941 | -80.3% |
| Other amounts payable | 47/48 | - | €10,577 | +€10,577 | |
| Accrued charges and deferred income | 492/3 | €14,045 | €55,521 | +€41,477 | +295.3% |
| Non-recurring operating income | 76A | - | €1,319 | +€1,319 | |
| Remuneration, social security and pensions | 62 | €234,737 | €96,383 | -€138,355 | -58.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,943 | €2,906 | -€2,037 | -41.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,131 | -€5,131 | -€10,262 | |
| Other operating charges | 640/8 | €4,765 | €4,951 | +€185 | +3.9% |
| Non-recurring operating charges | 66A | €1,695 | €96,837 | +€95,141 | +5611.5% |
| Gross operating margin | 9900 | €216,111 | €283,487 | +€67,377 | +31.2% |
| Operating profit (loss) | 9901 | -€35,161 | €87,543 | +€122,704 | |
| Financial income | 75/76B | €3,240 | €280 | -€2,960 | -91.4% |
| Recurring financial income | 75 | €1,621 | €280 | -€1,341 | -82.7% |
| Non-recurring financial income | 76B | €1,620 | - | -€1,620 | |
| Financial charges | 65/66B | €11,921 | €10,201 | -€1,720 | -14.4% |
| Recurring financial charges | 65 | €11,921 | €10,201 | -€1,720 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€43,842 | €77,621 | +€121,463 | |
| Income taxes | 67/77 | €482 | €14,760 | +€14,278 | +2962.0% |
| Profit (loss) for the period | 9904 | -€44,324 | €62,861 | +€107,185 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,324 | €62,861 | +€107,185 |
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 12 October 2026 via checked.be.