Systal Technology Solutions: what changed
Two financial 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.
Systal Technology Solutions
Largest movements
- Receivables within one year -€39,402
down €39,402 (-47.5%), from €82,950 to €43,548
of which Trade receivables: -€36,415
- Deferred charges and accrued income +€14,489
new in 2025: €14,489
- Tangible fixed assets -€4,932
down €4,932 (-92.9%), from €5,307 to €374
of which Furniture and vehicles: -€4,708
- Cash -€1,968
down €1,968 (-55.9%), from €3,523 to €1,555
mainly Net result for the year (-€20,679) and Deferred charges and accrued income (-€14,489)
- Profit (loss) carried forward -€20,679
down €20,679 (-38.5%), from -€53,672 to -€74,350
- Other debts -€11,300
down €11,300 (-21.2%), from €53,345 to €42,045
- Trade debts +€4,240
up €4,240 (+59.3%), from €7,145 to €11,385
- Tax, wage and social debts -€4,075
down €4,075 (-17.4%), from €23,461 to €19,386
of which Remuneration and social security: -€2,360
- Gross operating margin -€76,018
down €76,018 (-19.2%), from €396,522 to €320,504
- Staff costs -€51,570
down €51,570 (-14.5%), from €356,613 to €305,043
- Taxes -€43,117
down €43,117 (-62.4%), from €69,138 to €26,021
- Financial charges -€26,329
down €26,329 (-85.5%), from €30,811 to €4,482
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.
Derived cash bridge
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 | €91,779 | €59,966 | -€31,813 | -34.7% |
| Fixed assets | 21/28 | €5,307 | €374 | -€4,932 | -92.9% |
| Tangible fixed assets | 22/27 | €5,307 | €374 | -€4,932 | -92.9% |
| Plant, machinery and equipment | 23 | €599 | €374 | -€225 | -37.5% |
| Furniture and vehicles | 24 | €4,708 | - | -€4,708 | |
| Current assets | 29/58 | €86,472 | €59,591 | -€26,881 | -31.1% |
| Amounts receivable within one year | 40/41 | €82,950 | €43,548 | -€39,402 | -47.5% |
| Trade receivables | 40 | €78,415 | €42,000 | -€36,415 | -46.4% |
| Other amounts receivable | 41 | €4,534 | €1,547 | -€2,987 | -65.9% |
| Cash at bank and in hand | 54/58 | €3,523 | €1,555 | -€1,968 | -55.9% |
| Deferred charges and accrued income | 490/1 | - | €14,489 | +€14,489 | |
| Total equity and liabilities | 10/49 | €91,779 | €59,966 | -€31,813 | -34.7% |
| Equity | 10/15 | €7,828 | -€12,850 | -€20,679 | |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,672 | -€74,350 | -€20,679 | -38.5% |
| Amounts payable | 17/49 | €83,951 | €72,816 | -€11,135 | -13.3% |
| Amounts payable within one year | 42/48 | €83,951 | €72,816 | -€11,135 | -13.3% |
| Trade debts | 44 | €7,145 | €11,385 | +€4,240 | +59.3% |
| Suppliers | 440/4 | €7,145 | €11,385 | +€4,240 | +59.3% |
| Taxes, remuneration and social security | 45 | €23,461 | €19,386 | -€4,075 | -17.4% |
| Taxes | 450/3 | €7,760 | €6,045 | -€1,715 | -22.1% |
| Remuneration and social security | 454/9 | €15,701 | €13,341 | -€2,360 | -15.0% |
| Other amounts payable | 47/48 | €53,345 | €42,045 | -€11,300 | -21.2% |
| Remuneration, social security and pensions | 62 | €356,613 | €305,043 | -€51,570 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,873 | €4,932 | -€941 | -16.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €704 | +€704 | |
| Gross operating margin | 9900 | €396,522 | €320,504 | -€76,018 | -19.2% |
| Operating profit (loss) | 9901 | €34,036 | €9,824 | -€24,212 | -71.1% |
| Financial charges | 65/66B | €30,811 | €4,482 | -€26,329 | -85.5% |
| Recurring financial charges | 65 | €30,811 | €4,482 | -€26,329 | -85.5% |
| Profit (loss) for the period before taxes | 9903 | €3,225 | €5,343 | +€2,118 | +65.7% |
| Income taxes | 67/77 | €69,138 | €26,021 | -€43,117 | -62.4% |
| Profit (loss) for the period | 9904 | -€65,913 | -€20,679 | +€45,235 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€65,913 | -€20,679 | +€45,235 | +68.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.