SYSOUT: 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.
SYSOUT
Largest movements
- Cash +€20,158
up €20,158 (+32.2%), from €62,576 to €82,734
mainly Net result for the year (+€16,778) and Receivables within one year (+€5,341)
- Receivables within one year -€5,341
down €5,341 (-17.3%), from €30,919 to €25,578
of which Trade receivables: -€5,345
- Reserves +€16,778
up €16,778 (+18.0%), from €93,162 to €109,940
- Trade debts -€5,555
down €5,555 (-53.2%), from €10,434 to €4,879
- Tax, wage and social debts +€2,475
up €2,475 (+32.8%), from €7,537 to €10,012
- Gross operating margin -€3,045
down €3,045 (-9.1%), from €33,347 to €30,303
- Depreciation +€1,570
up €1,570 (+44.1%), from €3,558 to €5,128
- Taxes -€1,045
down €1,045 (-11.8%), from €8,891 to €7,847
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 | €111,146 | €124,992 | +€13,845 | +12.5% |
| Fixed assets | 21/28 | €17,652 | €16,680 | -€972 | -5.5% |
| Tangible fixed assets | 22/27 | €16,652 | €15,680 | -€972 | -5.8% |
| Land and buildings | 22 | €1,881 | €1,410 | -€470 | -25.0% |
| Furniture and vehicles | 24 | €14,771 | €14,270 | -€502 | -3.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €93,495 | €108,312 | +€14,817 | +15.8% |
| Amounts receivable within one year | 40/41 | €30,919 | €25,578 | -€5,341 | -17.3% |
| Trade receivables | 40 | €30,919 | €25,574 | -€5,345 | -17.3% |
| Other amounts receivable | 41 | - | €4 | +€4 | |
| Cash at bank and in hand | 54/58 | €62,576 | €82,734 | +€20,158 | +32.2% |
| Total equity and liabilities | 10/49 | €111,146 | €124,992 | +€13,845 | +12.5% |
| Equity | 10/15 | €93,162 | €109,940 | +€16,778 | +18.0% |
| Reserves | 13 | €93,162 | €109,940 | +€16,778 | +18.0% |
| Distributable reserves | 133 | €93,162 | €109,940 | +€16,778 | +18.0% |
| Amounts payable | 17/49 | €17,984 | €15,051 | -€2,933 | -16.3% |
| Amounts payable within one year | 42/48 | €17,984 | €15,051 | -€2,933 | -16.3% |
| Trade debts | 44 | €10,434 | €4,879 | -€5,555 | -53.2% |
| Suppliers | 440/4 | €10,434 | €4,879 | -€5,555 | -53.2% |
| Taxes, remuneration and social security | 45 | €7,537 | €10,012 | +€2,475 | +32.8% |
| Taxes | 450/3 | €7,537 | €10,012 | +€2,475 | +32.8% |
| Other amounts payable | 47/48 | €13 | €161 | +€148 | +1138.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,558 | €5,128 | +€1,570 | +44.1% |
| Other operating charges | 640/8 | €420 | €504 | +€84 | +20.1% |
| Gross operating margin | 9900 | €33,347 | €30,303 | -€3,045 | -9.1% |
| Operating profit (loss) | 9901 | €29,370 | €24,671 | -€4,699 | -16.0% |
| Financial income | 75/76B | €1 | €0 | -€0 | -35.8% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -35.8% |
| Financial charges | 65/66B | €46 | €46 | -€0 | 0.0% |
| Recurring financial charges | 65 | €46 | €46 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €29,324 | €24,625 | -€4,699 | -16.0% |
| Income taxes | 67/77 | €8,891 | €7,847 | -€1,045 | -11.8% |
| Profit (loss) for the period | 9904 | €20,432 | €16,778 | -€3,654 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,432 | €16,778 | -€3,654 | -17.9% |
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 8 October 2026 via checked.be.