SYSMANS KOEN: what changed
What changed
SYSMANS KOEN
NACE 43.320, Joinery installation
filed annual accounts (NBB)
Net result for the year
€38,565
2024 · €69,244-€30,679
Equity
€760,186
2024 · €721,620+€38,565
Cash
€252,242
2024 · €220,385+€31,858
Balance sheet total
€1.7m
2024 · €1.7m-€32,322
Largest movements
Assets
- Receivables within one year -€88,317
down €88,317 (-73.8%), from €119,688 to €31,371
of which Trade receivables: -€83,808
- Tangible fixed assets +€40,394
up €40,394 (+3.1%), from €1.3m to €1.3m
of which Land and buildings: +€49,229
- Cash +€31,858
up €31,858 (+14.5%), from €220,385 to €252,242
mainly Receivables within one year (+€88,317) and Depreciation (+€59,774)
Equity and liabilities
- Debts after one year -€81,164
down €81,164 (-11.7%), from €695,591 to €614,427
- Reserves +€38,565
up €38,565 (+5.5%), from €703,020 to €741,586
Income statement
- Gross operating margin -€34,240
down €34,240 (-14.4%), from €238,539 to €204,299
- Taxes -€11,573
down €11,573 (-47.2%), from €24,512 to €12,940
- Financial charges +€5,547
up €5,547 (+48.9%), from €11,334 to €16,880
- Depreciation +€4,126
up €4,126 (+7.4%), from €55,647 to €59,774
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€69,244
Gross operating margin
-€34,240
Staff costs
+€792
Depreciation
-€4,126
Other operating charges
+€198
Financial income
+€671
Financial charges
-€5,547
Taxes
+€11,573
Result 2025
€38,565
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€199,873
Investment
-€100,168
Financing
-€67,847
Cash 2024
€220,385
From operations (derived)
+€199,873
Net result for the year
+€38,565
Depreciation
+€59,774
Stocks and contracts
+€14,699
Receivables within one year
+€88,317
Deferred charges and accrued income
+€1,558
Trade debts
-€8,968
Tax, wage and social debts
-€331
Other debts
+€6,259
Investment (derived)
-€100,168
Investment in fixed assets (net)
-€100,168
Financing
-€67,847
Debts after one year
-€81,164
Current portion of long-term debt
+€13,317
Cash 2025
€252,242
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,689,528 | €1,657,206 | -€32,322 | -1.9% |
| Fixed assets | 21/28 | €1,300,140 | €1,340,534 | +€40,394 | +3.1% |
| Tangible fixed assets | 22/27 | €1,300,060 | €1,340,454 | +€40,394 | +3.1% |
| Land and buildings | 22 | €1,280,903 | €1,330,132 | +€49,229 | +3.8% |
| Plant, machinery and equipment | 23 | €12,628 | €8,059 | -€4,568 | -36.2% |
| Furniture and vehicles | 24 | €5,147 | €255 | -€4,892 | -95.1% |
| Other tangible fixed assets | 26 | €1,382 | €2,008 | +€626 | +45.3% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €389,388 | €316,672 | -€72,716 | -18.7% |
| Stocks and contracts in progress | 3 | €46,452 | €31,753 | -€14,699 | -31.6% |
| Stocks | 30/36 | €26,452 | €31,753 | +€5,301 | +20.0% |
| Contracts in progress | 37 | €20,000 | €0 | -€20,000 | -100% |
| Amounts receivable within one year | 40/41 | €119,688 | €31,371 | -€88,317 | -73.8% |
| Trade receivables | 40 | €97,641 | €13,834 | -€83,808 | -85.8% |
| Other amounts receivable | 41 | €22,047 | €17,538 | -€4,510 | -20.5% |
| Cash at bank and in hand | 54/58 | €220,385 | €252,242 | +€31,858 | +14.5% |
| Deferred charges and accrued income | 490/1 | €2,864 | €1,305 | -€1,558 | -54.4% |
| Total equity and liabilities | 10/49 | €1,689,528 | €1,657,206 | -€32,322 | -1.9% |
| Equity | 10/15 | €721,620 | €760,186 | +€38,565 | +5.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €703,020 | €741,586 | +€38,565 | +5.5% |
| Distributable reserves | 133 | €703,020 | €741,586 | +€38,565 | +5.5% |
| Amounts payable | 17/49 | €967,907 | €897,020 | -€70,888 | -7.3% |
| Amounts payable after more than one year | 17 | €695,591 | €614,427 | -€81,164 | -11.7% |
| Financial debts | 170/4 | €695,591 | €614,427 | -€81,164 | -11.7% |
| Amounts payable within one year | 42/48 | €272,316 | €282,593 | +€10,276 | +3.8% |
| Current portion of amounts payable after more than one year | 42 | €68,342 | €81,659 | +€13,317 | +19.5% |
| Trade debts | 44 | €63,494 | €54,526 | -€8,968 | -14.1% |
| Suppliers | 440/4 | €63,494 | €54,526 | -€8,968 | -14.1% |
| Taxes, remuneration and social security | 45 | €331 | €0 | -€331 | -100% |
| Remuneration and social security | 454/9 | €331 | €0 | -€331 | -100% |
| Other amounts payable | 47/48 | €140,149 | €146,408 | +€6,259 | +4.5% |
| Remuneration, social security and pensions | 62 | €71,102 | €70,310 | -€792 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,647 | €59,774 | +€4,126 | +7.4% |
| Other operating charges | 640/8 | €6,706 | €6,508 | -€198 | -3.0% |
| Gross operating margin | 9900 | €238,539 | €204,299 | -€34,240 | -14.4% |
| Operating profit (loss) | 9901 | €105,083 | €67,707 | -€37,376 | -35.6% |
| Financial income | 75/76B | €7 | €678 | +€671 | +9,824% |
| Recurring financial income | 75 | €7 | €678 | +€671 | +9,824% |
| Financial charges | 65/66B | €11,334 | €16,880 | +€5,547 | +48.9% |
| Recurring financial charges | 65 | €11,334 | €16,880 | +€5,547 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €93,757 | €51,505 | -€42,252 | -45.1% |
| Income taxes | 67/77 | €24,512 | €12,940 | -€11,573 | -47.2% |
| Profit (loss) for the period | 9904 | €69,244 | €38,565 | -€30,679 | -44.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,244 | €38,565 | -€30,679 | -44.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.