SYSTEM DEVELOPMENT AND SIMULATION: 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 DEVELOPMENT AND SIMULATION
Largest movements
- Cash +€146,526
up €146,526 (+173.1%), from €84,624 to €231,150
mainly Net result for the year (+€93,940) and Receivables within one year (+€26,639)
- Receivables within one year -€26,639
down €26,639 (-35.7%), from €74,660 to €48,021
of which Trade receivables: -€25,514
- Tangible fixed assets -€9,740
down €9,740 (-20.4%), from €47,637 to €37,897
- Reserves +€93,081
up €93,081 (+52.1%), from €178,618 to €271,699
of which Distributable reserves: +€93,081
- Tax, wage and social debts +€13,709
up €13,709 (+86.4%), from €15,875 to €29,584
- Other debts +€4,068
up €4,068 (+17.9%), from €22,694 to €26,762
- Gross operating margin +€28,743
up €28,743 (+25.4%), from €113,100 to €141,843
- Depreciation +€8,676
up €8,676 (+815.0%), from €1,065 to €9,740
- Taxes +€6,243
up €6,243 (+19.6%), from €31,799 to €38,042
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 | €206,921 | €317,068 | +€110,147 | +53.2% |
| Fixed assets | 21/28 | €47,637 | €37,897 | -€9,740 | -20.4% |
| Tangible fixed assets | 22/27 | €47,637 | €37,897 | -€9,740 | -20.4% |
| Furniture and vehicles | 24 | €47,637 | €37,897 | -€9,740 | -20.4% |
| Current assets | 29/58 | €159,285 | €279,171 | +€119,887 | +75.3% |
| Amounts receivable within one year | 40/41 | €74,660 | €48,021 | -€26,639 | -35.7% |
| Trade receivables | 40 | €73,535 | €48,021 | -€25,514 | -34.7% |
| Other amounts receivable | 41 | €1,125 | - | -€1,125 | |
| Cash at bank and in hand | 54/58 | €84,624 | €231,150 | +€146,526 | +173.1% |
| Total equity and liabilities | 10/49 | €206,921 | €317,068 | +€110,147 | +53.2% |
| Equity | 10/15 | €165,959 | €259,040 | +€93,081 | +56.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €178,618 | €271,699 | +€93,081 | +52.1% |
| Tax-exempt reserves | 132 | €4,600 | €4,600 | = | 0.0% |
| Distributable reserves | 133 | €174,018 | €267,099 | +€93,081 | +53.5% |
| Profit (loss) carried forward | 14 | -€18,859 | -€18,859 | = | 0.0% |
| Amounts payable | 17/49 | €40,962 | €58,028 | +€17,066 | +41.7% |
| Amounts payable within one year | 42/48 | €40,962 | €58,028 | +€17,066 | +41.7% |
| Trade debts | 44 | €2,393 | €1,682 | -€711 | -29.7% |
| Suppliers | 440/4 | €2,393 | €1,682 | -€711 | -29.7% |
| Taxes, remuneration and social security | 45 | €15,875 | €29,584 | +€13,709 | +86.4% |
| Taxes | 450/3 | €15,875 | €29,584 | +€13,709 | +86.4% |
| Other amounts payable | 47/48 | €22,694 | €26,762 | +€4,068 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,065 | €9,740 | +€8,676 | +815.0% |
| Other operating charges | 640/8 | €107 | €62 | -€45 | -42.1% |
| Gross operating margin | 9900 | €113,100 | €141,843 | +€28,743 | +25.4% |
| Operating profit (loss) | 9901 | €111,928 | €132,041 | +€20,113 | +18.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €52 | €59 | +€8 | +15.3% |
| Recurring financial charges | 65 | €52 | €59 | +€8 | +15.3% |
| Profit (loss) for the period before taxes | 9903 | €111,878 | €131,982 | +€20,104 | +18.0% |
| Income taxes | 67/77 | €31,799 | €38,042 | +€6,243 | +19.6% |
| Profit (loss) for the period | 9904 | €80,079 | €93,940 | +€13,861 | +17.3% |
| Profit (loss) for the period to be appropriated | 9905 | €80,079 | €93,940 | +€13,861 | +17.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.