SYSPLEX: 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.
SYSPLEX
Largest movements
- Cash -€285,055
down €285,055 (-90.6%), from €314,764 to €29,708
mainly Investment in fixed assets (net) (-€300,901) and Provisions (-€22,655)
- Tangible fixed assets +€282,584
up €282,584 (+194.7%), from €145,160 to €427,744
of which Land and buildings: +€291,035
- Deferred charges and accrued income +€8,471
up €8,471 (+1824.9%), from €464 to €8,935
- Receivables within one year -€8,058
down €8,058 (-26.3%), from €30,594 to €22,536
of which Trade receivables: -€5,058
- Profit (loss) carried forward +€87,936
new in 2025: €87,936
- Reserves -€67,964
down €67,964 (-17.8%), from €382,224 to €314,260
of which Tax-exempt reserves: -€67,964
- Provisions -€22,655
no longer reported in 2025 (was €22,655)
- Debts after one year -€14,758
down €14,758 (-12.5%), from €118,026 to €103,268
- Other debts +€11,505
up €11,505 (+58.7%), from €19,588 to €31,093
- Other operating charges +€37,741
up €37,741 (+1861.3%), from €2,028 to €39,768
- Gross operating margin +€18,379
up €18,379 (+30.4%), from €60,497 to €78,876
- Taxes +€3,527
up €3,527 (+17.7%), from €19,968 to €23,495
- Financial income +€1,476
up €1,476 (+56.7%), from €2,605 to €4,081
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 | €591,377 | €589,119 | -€2,258 | -0.4% |
| Fixed assets | 21/28 | €145,555 | €427,939 | +€282,384 | +194.0% |
| Tangible fixed assets | 22/27 | €145,160 | €427,744 | +€282,584 | +194.7% |
| Land and buildings | 22 | €122,022 | €413,057 | +€291,035 | +238.5% |
| Plant, machinery and equipment | 23 | €16,284 | €12,651 | -€3,633 | -22.3% |
| Furniture and vehicles | 24 | €6,854 | €2,037 | -€4,818 | -70.3% |
| Financial fixed assets | 28 | €395 | €195 | -€200 | -50.6% |
| Current assets | 29/58 | €445,822 | €161,180 | -€284,642 | -63.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,594 | €22,536 | -€8,058 | -26.3% |
| Trade receivables | 40 | €27,595 | €22,536 | -€5,058 | -18.3% |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €314,764 | €29,708 | -€285,055 | -90.6% |
| Deferred charges and accrued income | 490/1 | €464 | €8,935 | +€8,471 | +1824.9% |
| Total equity and liabilities | 10/49 | €591,377 | €589,119 | -€2,258 | -0.4% |
| Equity | 10/15 | €394,724 | €414,695 | +€19,971 | +5.1% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €382,224 | €314,260 | -€67,964 | -17.8% |
| Tax-exempt reserves | 132 | €67,964 | - | -€67,964 | |
| Distributable reserves | 133 | €314,260 | €314,260 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €87,936 | +€87,936 | |
| Provisions and deferred taxes | 16 | €22,655 | - | -€22,655 | |
| Deferred taxes | 168 | €22,655 | - | -€22,655 | |
| Amounts payable | 17/49 | €173,998 | €174,424 | +€426 | +0.2% |
| Amounts payable after more than one year | 17 | €118,026 | €103,268 | -€14,758 | -12.5% |
| Financial debts | 170/4 | €118,026 | €103,268 | -€14,758 | -12.5% |
| Amounts payable within one year | 42/48 | €55,972 | €71,156 | +€15,183 | +27.1% |
| Current portion of amounts payable after more than one year | 42 | €19,101 | €17,830 | -€1,270 | -6.7% |
| Trade debts | 44 | €3,435 | €2,598 | -€836 | -24.4% |
| Suppliers | 440/4 | €3,435 | €2,598 | -€836 | -24.4% |
| Taxes, remuneration and social security | 45 | €13,849 | €19,634 | +€5,785 | +41.8% |
| Taxes | 450/3 | €13,849 | €19,634 | +€5,785 | +41.8% |
| Other amounts payable | 47/48 | €19,588 | €31,093 | +€11,505 | +58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,005 | €18,517 | +€512 | +2.8% |
| Other operating charges | 640/8 | €2,028 | €39,768 | +€37,741 | +1861.3% |
| Gross operating margin | 9900 | €60,497 | €78,876 | +€18,379 | +30.4% |
| Operating profit (loss) | 9901 | €40,464 | €20,591 | -€19,874 | -49.1% |
| Financial income | 75/76B | €2,605 | €4,081 | +€1,476 | +56.7% |
| Recurring financial income | 75 | €2,605 | €4,081 | +€1,476 | +56.7% |
| Financial charges | 65/66B | €3,605 | €3,860 | +€255 | +7.1% |
| Recurring financial charges | 65 | €3,592 | €3,860 | +€268 | +7.5% |
| Non-recurring financial charges | 66B | €13 | - | -€13 | |
| Profit (loss) for the period before taxes | 9903 | €39,465 | €20,812 | -€18,653 | -47.3% |
| Transfer from deferred taxes | 780 | €7,638 | €22,655 | +€15,017 | +196.6% |
| Income taxes | 67/77 | €19,968 | €23,495 | +€3,527 | +17.7% |
| Profit (loss) for the period | 9904 | €27,135 | €19,971 | -€7,163 | -26.4% |
| Transfer from tax-exempt reserves | 789 | €22,914 | €67,964 | +€45,050 | +196.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,049 | €87,936 | +€37,887 | +75.7% |
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 5 October 2026 via checked.be.