SYSTEK: 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.
SYSTEK
Largest movements
- Receivables within one year +€60,616
up €60,616 (+1,574%), from €3,851 to €64,467
of which Trade receivables: +€60,682
- Cash -€13,156
down €13,156 (-67.2%), from €19,585 to €6,429
mainly Receivables within one year (-€60,616) and Other debts (-€692)
- Reserves +€28,369
up €28,369 (+9.4%), from €300,302 to €328,671
of which Distributable reserves: +€28,369
- Tax, wage and social debts +€18,040
up €18,040 (+1,307%), from €1,380 to €19,420
- Gross operating margin +€52,254
up €52,254, from -€18,121 to €34,133
- Taxes +€12,923
up €12,923 (+3,428%), from €377 to €13,300
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €309,764 | €357,247 | +€47,483 | +15.3% |
| Current assets | 29/58 | €309,764 | €357,247 | +€47,483 | +15.3% |
| Amounts receivable after more than one year | 29 | €286,114 | €286,114 | = | 0.0% |
| Other amounts receivable | 291 | €286,114 | €286,114 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €3,851 | €64,467 | +€60,616 | +1,574% |
| Trade receivables | 40 | €329 | €61,010 | +€60,682 | +18,463% |
| Other amounts receivable | 41 | €3,523 | €3,457 | -€66 | -1.9% |
| Cash at bank and in hand | 54/58 | €19,585 | €6,429 | -€13,156 | -67.2% |
| Deferred charges and accrued income | 490/1 | €214 | €236 | +€22 | +10.5% |
| Total equity and liabilities | 10/49 | €309,764 | €357,247 | +€47,483 | +15.3% |
| Equity | 10/15 | €306,500 | €334,868 | +€28,369 | +9.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €300,302 | €328,671 | +€28,369 | +9.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €298,443 | €326,812 | +€28,369 | +9.5% |
| Amounts payable | 17/49 | €3,264 | €22,378 | +€19,114 | +586% |
| Amounts payable within one year | 42/48 | €3,264 | €22,145 | +€18,880 | +578% |
| Financial debts | 43 | €1,193 | €1,185 | -€7 | -0.6% |
| Credit institutions | 430/8 | €1,193 | €1,185 | -€7 | -0.6% |
| Trade debts | 44 | - | €1,540 | +€1,540 | |
| Suppliers | 440/4 | - | €1,540 | +€1,540 | |
| Taxes, remuneration and social security | 45 | €1,380 | €19,420 | +€18,040 | +1,307% |
| Taxes | 450/3 | €1,380 | €19,420 | +€18,040 | +1,307% |
| Other amounts payable | 47/48 | €692 | - | -€692 | |
| Accrued charges and deferred income | 492/3 | - | €233 | +€233 | |
| Other operating charges | 640/8 | €450 | €493 | +€44 | +9.8% |
| Gross operating margin | 9900 | -€18,121 | €34,133 | +€52,254 | |
| Operating profit (loss) | 9901 | -€18,571 | €33,640 | +€52,210 | |
| Financial income | 75/76B | €8,171 | €8,171 | = | 0.0% |
| Recurring financial income | 75 | €8,171 | €8,171 | = | 0.0% |
| Financial charges | 65/66B | €151 | €143 | -€9 | -5.8% |
| Recurring financial charges | 65 | €151 | €143 | -€9 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | -€10,550 | €41,669 | +€52,219 | |
| Income taxes | 67/77 | €377 | €13,300 | +€12,923 | +3,428% |
| Profit (loss) for the period | 9904 | -€10,928 | €28,369 | +€39,296 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,928 | €28,369 | +€39,296 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.