SysmaTec: 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.
SysmaTec
Largest movements
- Receivables within one year +€284,046
up €284,046 (+20.8%), from €1.4m to €1.6m
of which Trade receivables: +€276,451
- Stocks and contracts +€207,310
up €207,310 (+8.9%), from €2.3m to €2.5m
- Trade debts +€359,999
up €359,999 (+100%), from €358,308 to €718,308
- Reserves +€319,804
up €319,804 (+10.5%), from €3.1m to €3.4m
- Debts after one year -€150,000
down €150,000 (-42.9%), from €350,000 to €200,000
- Tax, wage and social debts -€72,602
down €72,602 (-23.0%), from €315,046 to €242,445
of which Remuneration and social security: -€75,434
- Current portion of long-term debt +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Staff costs +€268,501
up €268,501 (+33.1%), from €810,778 to €1.1m
- Gross operating margin +€57,593
up €57,593 (+3.8%), from €1.5m to €1.6m
- Taxes -€47,802
down €47,802 (-26.2%), from €182,569 to €134,767
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.
Derived cash bridge
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 | €4,144,424 | €4,651,626 | +€507,202 | +12.2% |
| Fixed assets | 21/28 | €98,066 | €82,268 | -€15,798 | -16.1% |
| Intangible fixed assets | 21 | €4,075 | €571 | -€3,504 | -86.0% |
| Tangible fixed assets | 22/27 | €53,923 | €41,629 | -€12,294 | -22.8% |
| Plant, machinery and equipment | 23 | €44,891 | €34,382 | -€10,509 | -23.4% |
| Furniture and vehicles | 24 | €9,032 | €7,248 | -€1,784 | -19.8% |
| Financial fixed assets | 28 | €40,068 | €40,068 | = | 0.0% |
| Current assets | 29/58 | €4,046,358 | €4,569,357 | +€522,999 | +12.9% |
| Stocks and contracts in progress | 3 | €2,337,446 | €2,544,756 | +€207,310 | +8.9% |
| Stocks | 30/36 | €2,337,446 | €2,544,756 | +€207,310 | +8.9% |
| Amounts receivable within one year | 40/41 | €1,364,223 | €1,648,269 | +€284,046 | +20.8% |
| Trade receivables | 40 | €1,326,507 | €1,602,958 | +€276,451 | +20.8% |
| Other amounts receivable | 41 | €37,716 | €45,311 | +€7,596 | +20.1% |
| Cash at bank and in hand | 54/58 | €336,911 | €368,198 | +€31,287 | +9.3% |
| Deferred charges and accrued income | 490/1 | €7,778 | €8,134 | +€356 | +4.6% |
| Total equity and liabilities | 10/49 | €4,144,424 | €4,651,626 | +€507,202 | +12.2% |
| Equity | 10/15 | €3,071,069 | €3,390,873 | +€319,804 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,052,469 | €3,372,273 | +€319,804 | +10.5% |
| Distributable reserves | 133 | €3,052,469 | €3,372,273 | +€319,804 | +10.5% |
| Amounts payable | 17/49 | €1,073,354 | €1,260,752 | +€187,398 | +17.5% |
| Amounts payable after more than one year | 17 | €350,000 | €200,000 | -€150,000 | -42.9% |
| Financial debts | 170/4 | €350,000 | €200,000 | -€150,000 | -42.9% |
| Amounts payable within one year | 42/48 | €723,354 | €1,060,752 | +€337,398 | +46.6% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €100,000 | +€50,000 | +100% |
| Trade debts | 44 | €358,308 | €718,308 | +€359,999 | +100% |
| Suppliers | 440/4 | €358,308 | €718,308 | +€359,999 | +100% |
| Taxes, remuneration and social security | 45 | €315,046 | €242,445 | -€72,602 | -23.0% |
| Taxes | 450/3 | €87,442 | €90,274 | +€2,833 | +3.2% |
| Remuneration and social security | 454/9 | €227,605 | €152,170 | -€75,434 | -33.1% |
| Remuneration, social security and pensions | 62 | €810,778 | €1,079,279 | +€268,501 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,449 | €21,901 | -€548 | -2.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,649 | €26,833 | +€184 | +0.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,528,479 | €1,586,072 | +€57,593 | +3.8% |
| Operating profit (loss) | 9901 | €668,603 | €458,059 | -€210,544 | -31.5% |
| Financial income | 75/76B | €16,868 | €15,958 | -€909 | -5.4% |
| Recurring financial income | 75 | €16,868 | €15,958 | -€909 | -5.4% |
| Financial charges | 65/66B | €19,496 | €19,447 | -€50 | -0.3% |
| Recurring financial charges | 65 | €19,496 | €19,447 | -€50 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €665,974 | €454,571 | -€211,403 | -31.7% |
| Income taxes | 67/77 | €182,569 | €134,767 | -€47,802 | -26.2% |
| Profit (loss) for the period | 9904 | €483,405 | €319,804 | -€163,601 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €483,405 | €319,804 | -€163,601 | -33.8% |
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 15 October 2026 via checked.be.