System-ctrl: 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.
System-ctrl
Largest movements
- Cash +€41,650
up €41,650 (+48.6%), from €85,646 to €127,296
mainly Net result for the year (+€48,101) and Depreciation (+€10,280)
- Tangible fixed assets -€9,128
down €9,128 (-28.0%), from €32,632 to €23,504
of which Leasing and similar rights: -€8,540
- Receivables within one year +€6,828
up €6,828 (+31.1%), from €21,951 to €28,779
of which Other amounts receivable: +€7,635
- Reserves +€48,100
up €48,100 (+46.0%), from €104,550 to €152,650
- Debts after one year -€11,283
down €11,283 (-79.5%), from €14,185 to €2,902
- Trade debts +€6,096
up €6,096 (+171%), from €3,561 to €9,657
- Tax, wage and social debts -€4,450
down €4,450 (-44.3%), from €10,040 to €5,590
- Gross operating margin -€87,257
down €87,257 (-52.5%), from €166,105 to €78,848
- Taxes -€23,201
down €23,201 (-55.0%), from €42,155 to €18,954
- Depreciation -€6,369
down €6,369 (-38.3%), from €16,648 to €10,280
- Financial charges -€2,041
down €2,041 (-63.5%), from €3,213 to €1,172
- Financial income -€1,816
down €1,816 (-45.4%), from €3,997 to €2,181
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 | €146,138 | €185,102 | +€38,964 | +26.7% |
| Fixed assets | 21/28 | €36,826 | €27,199 | -€9,628 | -26.1% |
| Intangible fixed assets | 21 | €4,195 | €3,695 | -€500 | -11.9% |
| Tangible fixed assets | 22/27 | €32,632 | €23,504 | -€9,128 | -28.0% |
| Plant, machinery and equipment | 23 | €1,342 | €985 | -€357 | -26.6% |
| Furniture and vehicles | 24 | €3,072 | €2,841 | -€230 | -7.5% |
| Leasing and similar rights | 25 | €28,218 | €19,678 | -€8,540 | -30.3% |
| Current assets | 29/58 | €109,312 | €157,904 | +€48,591 | +44.5% |
| Amounts receivable within one year | 40/41 | €21,951 | €28,779 | +€6,828 | +31.1% |
| Trade receivables | 40 | €17,825 | €17,019 | -€806 | -4.5% |
| Other amounts receivable | 41 | €4,126 | €11,760 | +€7,635 | +185% |
| Cash at bank and in hand | 54/58 | €85,646 | €127,296 | +€41,650 | +48.6% |
| Deferred charges and accrued income | 490/1 | €1,715 | €1,828 | +€113 | +6.6% |
| Total equity and liabilities | 10/49 | €146,138 | €185,102 | +€38,964 | +26.7% |
| Equity | 10/15 | €107,569 | €155,670 | +€48,101 | +44.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €104,550 | €152,650 | +€48,100 | +46.0% |
| Distributable reserves | 133 | €104,550 | €152,650 | +€48,100 | +46.0% |
| Profit (loss) carried forward | 14 | €19 | €20 | +€1 | +5.0% |
| Amounts payable | 17/49 | €38,569 | €29,432 | -€9,137 | -23.7% |
| Amounts payable after more than one year | 17 | €14,185 | €2,902 | -€11,283 | -79.5% |
| Financial debts | 170/4 | €14,185 | €2,902 | -€11,283 | -79.5% |
| Amounts payable within one year | 42/48 | €24,384 | €26,531 | +€2,146 | +8.8% |
| Current portion of amounts payable after more than one year | 42 | €10,783 | €11,283 | +€500 | +4.6% |
| Trade debts | 44 | €3,561 | €9,657 | +€6,096 | +171% |
| Suppliers | 440/4 | €3,561 | €9,657 | +€6,096 | +171% |
| Taxes, remuneration and social security | 45 | €10,040 | €5,590 | -€4,450 | -44.3% |
| Taxes | 450/3 | €10,040 | €5,590 | -€4,450 | -44.3% |
| Remuneration, social security and pensions | 62 | €274 | €667 | +€393 | +143% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,648 | €10,280 | -€6,369 | -38.3% |
| Other operating charges | 640/8 | €3,243 | €1,856 | -€1,387 | -42.8% |
| Gross operating margin | 9900 | €166,105 | €78,848 | -€87,257 | -52.5% |
| Operating profit (loss) | 9901 | €145,940 | €66,046 | -€79,894 | -54.7% |
| Financial income | 75/76B | €3,997 | €2,181 | -€1,816 | -45.4% |
| Recurring financial income | 75 | €3,997 | €2,181 | -€1,816 | -45.4% |
| Financial charges | 65/66B | €3,213 | €1,172 | -€2,041 | -63.5% |
| Recurring financial charges | 65 | €3,213 | €1,172 | -€2,041 | -63.5% |
| Profit (loss) for the period before taxes | 9903 | €146,724 | €67,055 | -€79,669 | -54.3% |
| Income taxes | 67/77 | €42,155 | €18,954 | -€23,201 | -55.0% |
| Profit (loss) for the period | 9904 | €104,569 | €48,101 | -€56,468 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,569 | €48,101 | -€56,468 | -54.0% |
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 18 October 2026 via checked.be.