SYSMEDIT: 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.
What changed
SYSMEDIT
NACE 58.290, Other software publishing
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€93,356
2023 · €13,096+€80,260
Equity
€53,446
2023 · €122,415-€68,969
Cash
€818
2023 · €1,189-€372
Balance sheet total
€556,501
2023 · €432,022+€124,479
Largest movements
Assets
- Receivables within one year +€121,059
up €121,059 (+33.6%), from €360,592 to €481,651
of which Trade receivables: +€91,521
Equity and liabilities
- Other debts +€179,488
up €179,488 (+711.6%), from €25,224 to €204,712
- Reserves -€146,740
down €146,740 (-88.6%), from €165,585 to €18,846
- Profit (loss) carried forward +€77,770
up €77,770, from -€77,770 to €0
- Trade debts +€34,536
up €34,536 (+32.8%), from €105,167 to €139,703
- Debts after one year -€16,002
down €16,002 (-81.5%), from €19,630 to €3,628
Income statement
- Staff costs -€64,671
down €64,671 (-100.0%), from €64,671 to €0
- Taxes +€28,995
up €28,995 (+4155.9%), from €698 to €29,693
- Gross operating margin +€19,279
up €19,279 (+14.2%), from €136,188 to €155,466
- Other operating charges -€15,055
down €15,055 (-70.6%), from €21,311 to €6,255
- Write-downs -€4,217
down €4,217 (-62.2%), from €6,783 to €2,566
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.
Result 2023
€13,096
Gross operating margin
+€19,279
Staff costs
+€64,671
Depreciation
+€3,379
Write-downs
+€4,217
Other operating charges
+€15,055
Other operating items
-€4,226
Financial income
+€3,383
Financial charges
+€3,498
Taxes
-€28,995
Result 2024
€93,356
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.
From operations
+€202,160
Investment
-€7,709
Financing
-€194,823
Cash 2023
€1,189
From operations (derived)
+€202,160
Net result for the year
+€93,356
Depreciation
+€5,875
Stocks and contracts
-€2,065
Receivables within one year
-€121,059
Deferred charges and accrued income
+€108
Trade debts
+€34,536
Tax, wage and social debts
+€7,360
Other debts
+€179,488
Accrued charges and deferred income
+€4,561
Investment (derived)
-€7,709
Investment in fixed assets (net)
-€7,709
Financing
-€194,823
Debts after one year
-€16,002
Current portion of long-term debt
-€8,667
Short-term financial debts
-€7,829
Contributions, distributions and other
-€162,325
Cash 2024
€818
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,022 | €556,501 | +€124,479 | +28.8% |
| Fixed assets | 21/28 | €55,230 | €57,065 | +€1,834 | +3.3% |
| Tangible fixed assets | 22/27 | €38,605 | €40,440 | +€1,834 | +4.8% |
| Furniture and vehicles | 24 | €12,905 | €2,445 | -€10,460 | -81.1% |
| Other tangible fixed assets | 26 | €22,701 | €37,994 | +€15,294 | +67.4% |
| Assets under construction and advance payments | 27 | €3,000 | €0 | -€3,000 | -100.0% |
| Financial fixed assets | 28 | €16,625 | €16,625 | = | 0.0% |
| Current assets | 29/58 | €376,791 | €499,436 | +€122,645 | +32.5% |
| Stocks and contracts in progress | 3 | €14,902 | €16,967 | +€2,065 | +13.9% |
| Stocks | 30/36 | €14,902 | €16,967 | +€2,065 | +13.9% |
| Amounts receivable within one year | 40/41 | €360,592 | €481,651 | +€121,059 | +33.6% |
| Trade receivables | 40 | €160,715 | €252,235 | +€91,521 | +56.9% |
| Other amounts receivable | 41 | €199,877 | €229,415 | +€29,538 | +14.8% |
| Cash at bank and in hand | 54/58 | €1,189 | €818 | -€372 | -31.2% |
| Deferred charges and accrued income | 490/1 | €108 | €0 | -€108 | -100.0% |
| Total equity and liabilities | 10/49 | €432,022 | €556,501 | +€124,479 | +28.8% |
| Equity | 10/15 | €122,415 | €53,446 | -€68,969 | -56.3% |
| Contributions | 10/11 | €34,600 | €34,600 | = | 0.0% |
| Reserves | 13 | €165,585 | €18,846 | -€146,740 | -88.6% |
| Distributable reserves | 133 | €165,585 | €18,846 | -€146,740 | -88.6% |
| Profit (loss) carried forward | 14 | -€77,770 | €0 | +€77,770 | |
| Amounts payable | 17/49 | €309,607 | €503,055 | +€193,448 | +62.5% |
| Amounts payable after more than one year | 17 | €19,630 | €3,628 | -€16,002 | -81.5% |
| Financial debts | 170/4 | €19,630 | €3,628 | -€16,002 | -81.5% |
| Amounts payable within one year | 42/48 | €267,609 | €472,499 | +€204,889 | +76.6% |
| Current portion of amounts payable after more than one year | 42 | €24,669 | €16,002 | -€8,667 | -35.1% |
| Financial debts | 43 | €12,521 | €4,692 | -€7,829 | -62.5% |
| Credit institutions | 430/8 | €12,521 | €4,692 | -€7,829 | -62.5% |
| Trade debts | 44 | €105,167 | €139,703 | +€34,536 | +32.8% |
| Suppliers | 440/4 | €105,167 | €139,703 | +€34,536 | +32.8% |
| Taxes, remuneration and social security | 45 | €100,029 | €107,390 | +€7,360 | +7.4% |
| Taxes | 450/3 | €98,256 | €107,390 | +€9,134 | +9.3% |
| Remuneration and social security | 454/9 | €1,773 | €0 | -€1,773 | -100.0% |
| Other amounts payable | 47/48 | €25,224 | €204,712 | +€179,488 | +711.6% |
| Accrued charges and deferred income | 492/3 | €22,367 | €26,928 | +€4,561 | +20.4% |
| Non-recurring operating income | 76A | €46,510 | €0 | -€46,510 | -100.0% |
| Remuneration, social security and pensions | 62 | €64,671 | €0 | -€64,671 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,253 | €5,875 | -€3,379 | -36.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,783 | €2,566 | -€4,217 | -62.2% |
| Other operating charges | 640/8 | €21,311 | €6,255 | -€15,055 | -70.6% |
| Non-recurring operating charges | 66A | €7,476 | €11,701 | +€4,226 | +56.5% |
| Gross operating margin | 9900 | €136,188 | €155,466 | +€19,279 | +14.2% |
| Operating profit (loss) | 9901 | €26,695 | €129,069 | +€102,375 | +383.5% |
| Financial income | 75/76B | €6,229 | €9,612 | +€3,383 | +54.3% |
| Recurring financial income | 75 | €6,229 | €9,612 | +€3,383 | +54.3% |
| Financial charges | 65/66B | €19,130 | €15,632 | -€3,498 | -18.3% |
| Recurring financial charges | 65 | €19,130 | €15,632 | -€3,498 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €13,794 | €123,049 | +€109,256 | +792.1% |
| Income taxes | 67/77 | €698 | €29,693 | +€28,995 | +4155.9% |
| Profit (loss) for the period | 9904 | €13,096 | €93,356 | +€80,260 | +612.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,096 | €93,356 | +€80,260 | +612.9% |
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 5 October 2026 via checked.be.