SYSTEM CREATOR: 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.
SYSTEM CREATOR
Largest movements
- Receivables within one year +€19,425
up €19,425 (+4.5%), from €435,946 to €455,371
of which Other amounts receivable: +€20,310
- Tangible fixed assets -€5,286
down €5,286 (-36.8%), from €14,375 to €9,089
of which Plant, machinery and equipment: -€2,967
- Other debts +€18,599
up €18,599 (+23.8%), from €78,250 to €96,849
- Tax, wage and social debts +€13,378
up €13,378 (+36.6%), from €36,585 to €49,963
- Reserves -€11,322
down €11,322 (-4.9%), from €230,867 to €219,545
- Gross operating margin -€21,091
down €21,091 (-26.8%), from €78,814 to €57,723
- Taxes -€7,153
down €7,153 (-28.9%), from €24,722 to €17,568
- Financial charges -€1,105
down €1,105 (-28.6%), from €3,870 to €2,765
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 | €450,335 | €464,474 | +€14,139 | +3.1% |
| Fixed assets | 21/28 | €14,375 | €9,089 | -€5,286 | -36.8% |
| Tangible fixed assets | 22/27 | €14,375 | €9,089 | -€5,286 | -36.8% |
| Land and buildings | 22 | €1,691 | €1,691 | = | 0.0% |
| Plant, machinery and equipment | 23 | €8,046 | €5,079 | -€2,967 | -36.9% |
| Furniture and vehicles | 24 | €4,638 | €2,319 | -€2,319 | -50.0% |
| Current assets | 29/58 | €435,960 | €455,385 | +€19,425 | +4.5% |
| Amounts receivable within one year | 40/41 | €435,946 | €455,371 | +€19,425 | +4.5% |
| Trade receivables | 40 | €183,609 | €182,724 | -€885 | -0.5% |
| Other amounts receivable | 41 | €252,337 | €272,647 | +€20,310 | +8.0% |
| Cash at bank and in hand | 54/58 | €14 | €14 | = | 0.0% |
| Total equity and liabilities | 10/49 | €450,335 | €464,474 | +€14,139 | +3.1% |
| Equity | 10/15 | €313,719 | €302,398 | -€11,322 | -3.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €230,867 | €219,545 | -€11,322 | -4.9% |
| Distributable reserves | 133 | €230,867 | €219,545 | -€11,322 | -4.9% |
| Profit (loss) carried forward | 14 | €76,652 | €76,652 | = | 0.0% |
| Amounts payable | 17/49 | €136,615 | €162,076 | +€25,461 | +18.6% |
| Amounts payable after more than one year | 17 | €18,337 | €14,040 | -€4,297 | -23.4% |
| Financial debts | 170/4 | €18,337 | €14,040 | -€4,297 | -23.4% |
| Amounts payable within one year | 42/48 | €118,278 | €148,036 | +€29,758 | +25.2% |
| Trade debts | 44 | €3,443 | €1,225 | -€2,218 | -64.4% |
| Suppliers | 440/4 | €3,443 | €1,225 | -€2,218 | -64.4% |
| Taxes, remuneration and social security | 45 | €36,585 | €49,963 | +€13,378 | +36.6% |
| Taxes | 450/3 | €36,585 | €49,963 | +€13,378 | +36.6% |
| Other amounts payable | 47/48 | €78,250 | €96,849 | +€18,599 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,286 | €5,286 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €78,814 | €57,723 | -€21,091 | -26.8% |
| Operating profit (loss) | 9901 | €73,410 | €52,317 | -€21,093 | -28.7% |
| Financial charges | 65/66B | €3,870 | €2,765 | -€1,105 | -28.6% |
| Recurring financial charges | 65 | €3,870 | €2,765 | -€1,105 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €69,540 | €49,553 | -€19,987 | -28.7% |
| Income taxes | 67/77 | €24,722 | €17,568 | -€7,153 | -28.9% |
| Profit (loss) for the period | 9904 | €44,818 | €31,984 | -€12,834 | -28.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,818 | €31,984 | -€12,834 | -28.6% |
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 4 October 2026 via checked.be.