SYSMANS JOHAN: 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.
SYSMANS JOHAN
Largest movements
- Cash +€21,485
up €21,485 (+24.3%), from €88,318 to €109,802
mainly Depreciation (+€193,852) and Debts after one year (+€47,079)
- Tangible fixed assets -€10,602
down €10,602 (-1.6%), from €656,382 to €645,780
of which Plant, machinery and equipment: -€16,607
- Debts after one year +€47,079
up €47,079 (+138.5%), from €34,000 to €81,078
- Tax, wage and social debts -€32,055
down €32,055 (-95.0%), from €33,758 to €1,704
of which Taxes: -€28,993
- Reserves +€25,681
up €25,681 (+5.0%), from €517,056 to €542,737
of which Distributable reserves: +€45,730
- Current portion of long-term debt -€15,881
down €15,881 (-30.7%), from €51,781 to €35,900
- Other debts -€14,773
down €14,773 (-10.2%), from €145,125 to €130,352
- Depreciation +€26,751
up €26,751 (+16.0%), from €167,102 to €193,852
- Taxes -€10,901
down €10,901 (-43.1%), from €25,300 to €14,399
- Gross operating margin -€5,615
down €5,615 (-1.8%), from €320,350 to €314,735
- Staff costs +€4,494
up €4,494 (+10.8%), from €41,721 to €46,215
- Other operating charges -€3,340
down €3,340 (-20.0%), from €16,710 to €13,369
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 | €910,322 | €920,403 | +€10,082 | +1.1% |
| Fixed assets | 21/28 | €656,382 | €645,780 | -€10,602 | -1.6% |
| Tangible fixed assets | 22/27 | €656,382 | €645,780 | -€10,602 | -1.6% |
| Land and buildings | 22 | €262,345 | €252,585 | -€9,760 | -3.7% |
| Plant, machinery and equipment | 23 | €61,593 | €44,986 | -€16,607 | -27.0% |
| Furniture and vehicles | 24 | €332,444 | €348,209 | +€15,765 | +4.7% |
| Current assets | 29/58 | €253,939 | €274,623 | +€20,684 | +8.1% |
| Amounts receivable within one year | 40/41 | €156,048 | €158,813 | +€2,765 | +1.8% |
| Trade receivables | 40 | €155,643 | €144,920 | -€10,723 | -6.9% |
| Other amounts receivable | 41 | €405 | €13,893 | +€13,488 | +3330.3% |
| Cash at bank and in hand | 54/58 | €88,318 | €109,802 | +€21,485 | +24.3% |
| Deferred charges and accrued income | 490/1 | €9,573 | €6,008 | -€3,565 | -37.2% |
| Total equity and liabilities | 10/49 | €910,322 | €920,403 | +€10,082 | +1.1% |
| Equity | 10/15 | €597,014 | €622,695 | +€25,681 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €517,056 | €542,737 | +€25,681 | +5.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €79,762 | €59,712 | -€20,049 | -25.1% |
| Distributable reserves | 133 | €435,435 | €481,165 | +€45,730 | +10.5% |
| Profit (loss) carried forward | 14 | €61,358 | €61,358 | = | 0.0% |
| Provisions and deferred taxes | 16 | €21,685 | €16,396 | -€5,288 | -24.4% |
| Deferred taxes | 168 | €21,685 | €16,396 | -€5,288 | -24.4% |
| Amounts payable | 17/49 | €291,623 | €281,312 | -€10,311 | -3.5% |
| Amounts payable after more than one year | 17 | €34,000 | €81,078 | +€47,079 | +138.5% |
| Financial debts | 170/4 | €34,000 | €81,078 | +€47,079 | +138.5% |
| Amounts payable within one year | 42/48 | €257,623 | €200,233 | -€57,390 | -22.3% |
| Current portion of amounts payable after more than one year | 42 | €51,781 | €35,900 | -€15,881 | -30.7% |
| Trade debts | 44 | €26,958 | €32,278 | +€5,320 | +19.7% |
| Suppliers | 440/4 | €26,958 | €32,278 | +€5,320 | +19.7% |
| Taxes, remuneration and social security | 45 | €33,758 | €1,704 | -€32,055 | -95.0% |
| Taxes | 450/3 | €30,189 | €1,196 | -€28,993 | -96.0% |
| Remuneration and social security | 454/9 | €3,569 | €507 | -€3,062 | -85.8% |
| Other amounts payable | 47/48 | €145,125 | €130,352 | -€14,773 | -10.2% |
| Non-recurring operating income | 76A | - | €30,000 | +€30,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €333,469 | €335,509 | +€2,040 | +0.6% |
| Remuneration, social security and pensions | 62 | €41,721 | €46,215 | +€4,494 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,102 | €193,852 | +€26,751 | +16.0% |
| Other operating charges | 640/8 | €16,710 | €13,369 | -€3,340 | -20.0% |
| Gross operating margin | 9900 | €320,350 | €314,735 | -€5,615 | -1.8% |
| Operating profit (loss) | 9901 | €94,817 | €61,298 | -€33,519 | -35.4% |
| Financial income | 75/76B | €671 | €56 | -€614 | -91.6% |
| Recurring financial income | 75 | €671 | €56 | -€614 | -91.6% |
| Financial charges | 65/66B | €4,760 | €6,563 | +€1,803 | +37.9% |
| Recurring financial charges | 65 | €4,760 | €6,563 | +€1,803 | +37.9% |
| Profit (loss) for the period before taxes | 9903 | €90,728 | €54,791 | -€35,937 | -39.6% |
| Transfer from deferred taxes | 780 | €5,424 | €5,288 | -€136 | -2.5% |
| Income taxes | 67/77 | €25,300 | €14,399 | -€10,901 | -43.1% |
| Profit (loss) for the period | 9904 | €70,852 | €45,681 | -€25,171 | -35.5% |
| Transfer from tax-exempt reserves | 789 | €20,593 | €20,049 | -€544 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €91,445 | €65,730 | -€25,715 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.