SysRail: what changed
SysRail
Largest movements
- Receivables within one year -€104,229
down €104,229 (-88.1%), from €118,336 to €14,107
of which Other amounts receivable: -€95,157
- Cash -€29,853
down €29,853 (-40.8%), from €73,096 to €43,242
mainly Other debts (-€128,041) and Contributions, distributions and other (-€45,702)
- Tangible fixed assets +€8,005
up €8,005 (+34,852%), from €23 to €8,028
- Other debts -€128,041
down €128,041 (-81.4%), from €157,202 to €29,161
- Trade debts +€7,599
up €7,599 (+150%), from €5,051 to €12,650
- Tax, wage and social debts -€5,335
down €5,335 (-17.7%), from €30,201 to €24,867
- Financial income +€8,884
new in 2025: €8,884
- Gross operating margin -€3,366
down €3,366 (-6.3%), from €53,813 to €50,447
- Taxes +€1,076
up €1,076 (+9.1%), from €11,845 to €12,920
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €197,455 | €71,678 | -€125,777 | -63.7% |
| Fixed assets | 21/28 | €23 | €8,028 | +€8,005 | +34,852% |
| Tangible fixed assets | 22/27 | €23 | €8,028 | +€8,005 | +34,852% |
| Furniture and vehicles | 24 | €23 | €8,028 | +€8,005 | +34,852% |
| Current assets | 29/58 | €197,432 | €63,650 | -€133,782 | -67.8% |
| Stocks and contracts in progress | 3 | €6,000 | €6,000 | = | 0.0% |
| Stocks | 30/36 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €118,336 | €14,107 | -€104,229 | -88.1% |
| Trade receivables | 40 | €20,655 | €11,583 | -€9,072 | -43.9% |
| Other amounts receivable | 41 | €97,681 | €2,524 | -€95,157 | -97.4% |
| Cash at bank and in hand | 54/58 | €73,096 | €43,242 | -€29,853 | -40.8% |
| Deferred charges and accrued income | 490/1 | - | €300 | +€300 | |
| Total equity and liabilities | 10/49 | €197,455 | €71,678 | -€125,777 | -63.7% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €192,455 | €66,678 | -€125,777 | -65.4% |
| Amounts payable within one year | 42/48 | €192,455 | €66,678 | -€125,777 | -65.4% |
| Trade debts | 44 | €5,051 | €12,650 | +€7,599 | +150% |
| Suppliers | 440/4 | €5,051 | €12,650 | +€7,599 | +150% |
| Taxes, remuneration and social security | 45 | €30,201 | €24,867 | -€5,335 | -17.7% |
| Taxes | 450/3 | €30,201 | €24,867 | -€5,335 | -17.7% |
| Other amounts payable | 47/48 | €157,202 | €29,161 | -€128,041 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €832 | €495 | -€337 | -40.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3 | - | -€3 | |
| Gross operating margin | 9900 | €53,813 | €50,447 | -€3,366 | -6.3% |
| Operating profit (loss) | 9901 | €52,978 | €49,952 | -€3,026 | -5.7% |
| Financial income | 75/76B | - | €8,884 | +€8,884 | |
| Recurring financial income | 75 | - | €8,884 | +€8,884 | |
| Financial charges | 65/66B | €203 | €214 | +€11 | +5.5% |
| Recurring financial charges | 65 | €203 | €214 | +€11 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €52,775 | €58,622 | +€5,847 | +11.1% |
| Income taxes | 67/77 | €11,845 | €12,920 | +€1,076 | +9.1% |
| Profit (loss) for the period | 9904 | €40,931 | €45,702 | +€4,771 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,931 | €45,702 | +€4,771 | +11.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.