SYSTELIA: 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.
SYSTELIA
Largest movements
- Cash -€34,091
down €34,091 (-21.3%), from €160,221 to €126,130
mainly Contributions, distributions and other (-€51,296) and Receivables within one year (-€10,718)
- Tangible fixed assets -€16,898
down €16,898 (-60.0%), from €28,156 to €11,257
- Receivables within one year +€10,718
up €10,718 (+90.1%), from €11,899 to €22,617
of which Trade receivables: +€12,087
- Deferred charges and accrued income +€2,936
up €2,936 (+221%), from €1,329 to €4,265
- Reserves -€44,272
down €44,272 (-36.7%), from €120,758 to €76,486
- Other debts +€22,166
up €22,166 (+61.2%), from €36,249 to €58,416
- Debts after one year -€9,315
down €9,315 (-100%), from €9,315 to €0
- Tax, wage and social debts -€5,540
down €5,540 (-43.4%), from €12,751 to €7,211
- Current portion of long-term debt -€4,193
down €4,193 (-31.0%), from €13,508 to €9,315
- Gross operating margin -€7,250
down €7,250 (-18.4%), from €39,433 to €32,182
- Taxes -€1,771
down €1,771 (-31.4%), from €5,640 to €3,869
- Financial charges -€638
down €638 (-22.3%), from €2,858 to €2,220
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 | €201,605 | €164,269 | -€37,336 | -18.5% |
| Fixed assets | 21/28 | €28,156 | €11,257 | -€16,898 | -60.0% |
| Tangible fixed assets | 22/27 | €28,156 | €11,257 | -€16,898 | -60.0% |
| Furniture and vehicles | 24 | €28,156 | €11,257 | -€16,898 | -60.0% |
| Current assets | 29/58 | €173,449 | €153,012 | -€20,437 | -11.8% |
| Amounts receivable within one year | 40/41 | €11,899 | €22,617 | +€10,718 | +90.1% |
| Trade receivables | 40 | €10,516 | €22,602 | +€12,087 | +115% |
| Other amounts receivable | 41 | €1,383 | €15 | -€1,369 | -98.9% |
| Cash at bank and in hand | 54/58 | €160,221 | €126,130 | -€34,091 | -21.3% |
| Deferred charges and accrued income | 490/1 | €1,329 | €4,265 | +€2,936 | +221% |
| Total equity and liabilities | 10/49 | €201,605 | €164,269 | -€37,336 | -18.5% |
| Equity | 10/15 | €128,818 | €84,546 | -€44,272 | -34.4% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €120,758 | €76,486 | -€44,272 | -36.7% |
| Distributable reserves | 133 | €120,758 | €76,486 | -€44,272 | -36.7% |
| Amounts payable | 17/49 | €72,787 | €79,723 | +€6,936 | +9.5% |
| Amounts payable after more than one year | 17 | €9,315 | €0 | -€9,315 | -100% |
| Financial debts | 170/4 | €9,315 | €0 | -€9,315 | -100% |
| Amounts payable within one year | 42/48 | €63,472 | €79,723 | +€16,251 | +25.6% |
| Current portion of amounts payable after more than one year | 42 | €13,508 | €9,315 | -€4,193 | -31.0% |
| Trade debts | 44 | €964 | €4,782 | +€3,817 | +396% |
| Suppliers | 440/4 | €964 | €4,782 | +€3,817 | +396% |
| Taxes, remuneration and social security | 45 | €12,751 | €7,211 | -€5,540 | -43.4% |
| Taxes | 450/3 | €12,751 | €7,211 | -€5,540 | -43.4% |
| Other amounts payable | 47/48 | €36,249 | €58,416 | +€22,166 | +61.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,419 | €17,602 | +€183 | +1.1% |
| Other operating charges | 640/8 | €1,498 | €1,467 | -€31 | -2.0% |
| Non-recurring operating charges | 66A | €782 | - | -€782 | |
| Gross operating margin | 9900 | €39,433 | €32,182 | -€7,250 | -18.4% |
| Operating profit (loss) | 9901 | €19,734 | €13,113 | -€6,621 | -33.6% |
| Financial charges | 65/66B | €2,858 | €2,220 | -€638 | -22.3% |
| Recurring financial charges | 65 | €2,858 | €2,220 | -€638 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €16,877 | €10,894 | -€5,983 | -35.5% |
| Income taxes | 67/77 | €5,640 | €3,869 | -€1,771 | -31.4% |
| Profit (loss) for the period | 9904 | €11,237 | €7,025 | -€4,212 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,237 | €7,025 | -€4,212 | -37.5% |
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 29 October 2026 via checked.be.