SYSLOGIC: 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.
SYSLOGIC
Largest movements
- Stocks and contracts +€46,563
new in 2024: €46,563
- Cash -€36,857
down €36,857 (-43.8%), from €84,209 to €47,352
mainly Investment in fixed assets (net) (-€51,174) and Stocks and contracts (-€46,563)
- Tangible fixed assets +€34,182
up €34,182 (+105.8%), from €32,323 to €66,505
- Receivables within one year -€5,117
down €5,117 (-2.8%), from €179,572 to €174,455
of which Trade receivables: -€7,628
- Intangible fixed assets -€4,600
down €4,600 (-53.0%), from €8,677 to €4,077
- Other debts +€16,112
up €16,112 (+65.3%), from €24,691 to €40,804
- Debts after one year +€11,843
up €11,843 (+70.3%), from €16,839 to €28,683
- Profit (loss) carried forward +€9,323
up €9,323 (+7.3%), from €127,838 to €137,161
- Current portion of long-term debt +€9,033
up €9,033 (+190.7%), from €4,736 to €13,769
- Trade debts -€8,560
down €8,560 (-42.7%), from €20,046 to €11,486
- Staff costs +€27,446
up €27,446 (+18.8%), from €145,621 to €173,066
- Gross operating margin +€13,755
up €13,755 (+6.2%), from €222,848 to €236,603
- Write-downs +€2,607
new in 2024: €2,607
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,831 | €342,728 | +€33,896 | +11.0% |
| Fixed assets | 21/28 | €42,300 | €71,882 | +€29,582 | +69.9% |
| Intangible fixed assets | 21 | €8,677 | €4,077 | -€4,600 | -53.0% |
| Tangible fixed assets | 22/27 | €32,323 | €66,505 | +€34,182 | +105.8% |
| Furniture and vehicles | 24 | €32,323 | €66,505 | +€34,182 | +105.8% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €266,531 | €270,845 | +€4,314 | +1.6% |
| Stocks and contracts in progress | 3 | - | €46,563 | +€46,563 | |
| Stocks | 30/36 | - | €46,563 | +€46,563 | |
| Amounts receivable within one year | 40/41 | €179,572 | €174,455 | -€5,117 | -2.8% |
| Trade receivables | 40 | €176,719 | €169,091 | -€7,628 | -4.3% |
| Other amounts receivable | 41 | €2,853 | €5,364 | +€2,511 | +88.0% |
| Cash at bank and in hand | 54/58 | €84,209 | €47,352 | -€36,857 | -43.8% |
| Deferred charges and accrued income | 490/1 | €2,751 | €2,475 | -€275 | -10.0% |
| Total equity and liabilities | 10/49 | €308,831 | €342,728 | +€33,896 | +11.0% |
| Equity | 10/15 | €179,013 | €188,336 | +€9,323 | +5.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €32,625 | €32,625 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €0 | -€1,855 | -100.0% |
| Reserves not available under the articles | 1311 | €1,855 | €0 | -€1,855 | -100.0% |
| Distributable reserves | 133 | €30,770 | €32,625 | +€1,855 | +6.0% |
| Profit (loss) carried forward | 14 | €127,838 | €137,161 | +€9,323 | +7.3% |
| Amounts payable | 17/49 | €129,819 | €154,392 | +€24,573 | +18.9% |
| Amounts payable after more than one year | 17 | €16,839 | €28,683 | +€11,843 | +70.3% |
| Financial debts | 170/4 | €16,839 | €28,683 | +€11,843 | +70.3% |
| Amounts payable within one year | 42/48 | €112,979 | €125,709 | +€12,730 | +11.3% |
| Current portion of amounts payable after more than one year | 42 | €4,736 | €13,769 | +€9,033 | +190.7% |
| Financial debts | 43 | €499 | €1,353 | +€854 | +171.2% |
| Credit institutions | 430/8 | €499 | €1,353 | +€854 | +171.2% |
| Trade debts | 44 | €20,046 | €11,486 | -€8,560 | -42.7% |
| Suppliers | 440/4 | €20,046 | €11,486 | -€8,560 | -42.7% |
| Taxes, remuneration and social security | 45 | €63,007 | €58,297 | -€4,709 | -7.5% |
| Taxes | 450/3 | €47,923 | €38,903 | -€9,019 | -18.8% |
| Remuneration and social security | 454/9 | €15,084 | €19,394 | +€4,310 | +28.6% |
| Other amounts payable | 47/48 | €24,691 | €40,804 | +€16,112 | +65.3% |
| Non-recurring operating income | 76A | - | €14,528 | +€14,528 | |
| Remuneration, social security and pensions | 62 | €145,621 | €173,066 | +€27,446 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,547 | €21,592 | +€45 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,607 | +€2,607 | |
| Other operating charges | 640/8 | €2,135 | €1,855 | -€280 | -13.1% |
| Non-recurring operating charges | 66A | -€3,124 | €2,330 | +€5,454 | |
| Gross operating margin | 9900 | €222,848 | €236,603 | +€13,755 | +6.2% |
| Operating profit (loss) | 9901 | €56,669 | €35,153 | -€21,517 | -38.0% |
| Financial income | 75/76B | €38 | €1,412 | +€1,373 | +3597.2% |
| Recurring financial income | 75 | €38 | €1,412 | +€1,373 | +3597.2% |
| Financial charges | 65/66B | €4,995 | €5,210 | +€215 | +4.3% |
| Recurring financial charges | 65 | €4,995 | €5,210 | +€215 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €51,713 | €31,354 | -€20,359 | -39.4% |
| Income taxes | 67/77 | €20,943 | €22,030 | +€1,088 | +5.2% |
| Profit (loss) for the period | 9904 | €30,770 | €9,323 | -€21,447 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,770 | €9,323 | -€21,447 | -69.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.