SYSNETIX: 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.
SYSNETIX
Largest movements
- Receivables within one year +€43,225
up €43,225 (+259.6%), from €16,650 to €59,875
of which Trade receivables: +€46,666
- Cash +€11,813
up €11,813 (+58.0%), from €20,382 to €32,195
mainly Net result for the year (+€30,956) and Tax, wage and social debts (+€15,475)
- Stocks and contracts -€5,089
down €5,089 (-38.2%), from €13,329 to €8,240
- Tangible fixed assets -€1,999
down €1,999 (-11.0%), from €18,195 to €16,197
of which Furniture and vehicles: -€3,306
- Reserves +€30,950
up €30,950 (+103.8%), from €29,824 to €60,774
- Tax, wage and social debts +€15,475
up €15,475 (+205.5%), from €7,532 to €23,006
- Trade debts +€9,560
up €9,560 (+97.2%), from €9,836 to €19,396
- Debts after one year -€4,067
down €4,067 (-34.0%), from €11,955 to €7,888
- Short-term financial debts -€2,934
no longer reported in 2025 (was €2,934)
- Gross operating margin +€20,037
up €20,037 (+68.8%), from €29,143 to €49,179
- Taxes +€4,984
up €4,984 (+67.4%), from €7,390 to €12,374
- Depreciation +€2,615
up €2,615 (+139.6%), from €1,873 to €4,489
- Other operating charges +€723
up €723 (+612.9%), from €118 to €841
- Financial charges +€558
up €558 (+172.4%), from €324 to €882
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 | €68,556 | €117,632 | +€49,076 | +71.6% |
| Fixed assets | 21/28 | €18,195 | €16,197 | -€1,999 | -11.0% |
| Tangible fixed assets | 22/27 | €18,195 | €16,197 | -€1,999 | -11.0% |
| Plant, machinery and equipment | 23 | €2,371 | €3,678 | +€1,307 | +55.1% |
| Furniture and vehicles | 24 | €15,824 | €12,519 | -€3,306 | -20.9% |
| Current assets | 29/58 | €50,361 | €101,435 | +€51,075 | +101.4% |
| Stocks and contracts in progress | 3 | €13,329 | €8,240 | -€5,089 | -38.2% |
| Stocks | 30/36 | €13,329 | €8,240 | -€5,089 | -38.2% |
| Amounts receivable within one year | 40/41 | €16,650 | €59,875 | +€43,225 | +259.6% |
| Trade receivables | 40 | €12,971 | €59,637 | +€46,666 | +359.8% |
| Other amounts receivable | 41 | €3,679 | €237 | -€3,441 | -93.5% |
| Cash at bank and in hand | 54/58 | €20,382 | €32,195 | +€11,813 | +58.0% |
| Deferred charges and accrued income | 490/1 | - | €1,126 | +€1,126 | |
| Total equity and liabilities | 10/49 | €68,556 | €117,632 | +€49,076 | +71.6% |
| Equity | 10/15 | €32,324 | €63,274 | +€30,950 | +95.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €29,824 | €60,774 | +€30,950 | +103.8% |
| Distributable reserves | 133 | €29,824 | €60,774 | +€30,950 | +103.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €36,232 | €54,358 | +€18,126 | +50.0% |
| Amounts payable after more than one year | 17 | €11,955 | €7,888 | -€4,067 | -34.0% |
| Financial debts | 170/4 | €11,955 | €7,888 | -€4,067 | -34.0% |
| Amounts payable within one year | 42/48 | €24,276 | €46,470 | +€22,193 | +91.4% |
| Current portion of amounts payable after more than one year | 42 | €3,908 | €4,067 | +€158 | +4.1% |
| Financial debts | 43 | €2,934 | - | -€2,934 | |
| Credit institutions | 430/8 | €2,934 | - | -€2,934 | |
| Trade debts | 44 | €9,836 | €19,396 | +€9,560 | +97.2% |
| Suppliers | 440/4 | €9,836 | €19,396 | +€9,560 | +97.2% |
| Taxes, remuneration and social security | 45 | €7,532 | €23,006 | +€15,475 | +205.5% |
| Taxes | 450/3 | €7,532 | €23,006 | +€15,475 | +205.5% |
| Other amounts payable | 47/48 | €66 | - | -€66 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,873 | €4,489 | +€2,615 | +139.6% |
| Other operating charges | 640/8 | €118 | €841 | +€723 | +612.9% |
| Gross operating margin | 9900 | €29,143 | €49,179 | +€20,037 | +68.8% |
| Operating profit (loss) | 9901 | €27,151 | €43,849 | +€16,698 | +61.5% |
| Financial income | 75/76B | €75 | €362 | +€287 | +383.7% |
| Recurring financial income | 75 | €75 | €362 | +€287 | +383.7% |
| Financial charges | 65/66B | €324 | €882 | +€558 | +172.4% |
| Recurring financial charges | 65 | €324 | €882 | +€558 | +172.4% |
| Profit (loss) for the period before taxes | 9903 | €26,902 | €43,330 | +€16,427 | +61.1% |
| Income taxes | 67/77 | €7,390 | €12,374 | +€4,984 | +67.4% |
| Profit (loss) for the period | 9904 | €19,512 | €30,956 | +€11,444 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,512 | €30,956 | +€11,444 | +58.6% |
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 3 October 2026 via checked.be.