SYSTEM GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€6,642
up €6,642 (+8052.7%), from €82 to €6,724
of which Plant, machinery and equipment: +€3,808
- Receivables within one year +€624
up €624 (+116.0%), from €538 to €1,161
of which Trade receivables: +€1,146
- Profit (loss) carried forward +€7,833
up €7,833 (+25.4%), from -€30,805 to -€22,972
- Other debts -€6,024
down €6,024 (-46.3%), from €13,023 to €6,999
- Tax, wage and social debts +€5,247
new in 2024: €5,247
- Trade debts +€155
up €155 (+170.6%), from €91 to €246
- Gross operating margin +€11,633
up €11,633, from -€2,780 to €8,853
- Depreciation +€269
up €269 (+651.4%), from €41 to €310
- Financial charges +€208
up €208 (+41.5%), from €502 to €710
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €909 | €8,119 | +€7,210 | +793.2% |
| Fixed assets | 21/28 | €82 | €6,724 | +€6,642 | +8052.7% |
| Tangible fixed assets | 22/27 | €82 | €6,724 | +€6,642 | +8052.7% |
| Plant, machinery and equipment | 23 | €82 | €3,890 | +€3,808 | +4616.8% |
| Furniture and vehicles | 24 | - | €2,834 | +€2,834 | |
| Current assets | 29/58 | €827 | €1,395 | +€568 | +68.7% |
| Amounts receivable within one year | 40/41 | €538 | €1,161 | +€624 | +116.0% |
| Trade receivables | 40 | - | €1,146 | +€1,146 | |
| Other amounts receivable | 41 | €538 | €16 | -€522 | -97.1% |
| Cash at bank and in hand | 54/58 | €289 | €233 | -€56 | -19.2% |
| Total equity and liabilities | 10/49 | €909 | €8,119 | +€7,210 | +793.2% |
| Equity | 10/15 | -€12,205 | -€4,372 | +€7,833 | +64.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,805 | -€22,972 | +€7,833 | +25.4% |
| Amounts payable | 17/49 | €13,114 | €12,491 | -€623 | -4.7% |
| Amounts payable within one year | 42/48 | €13,114 | €12,491 | -€623 | -4.7% |
| Trade debts | 44 | €91 | €246 | +€155 | +170.6% |
| Suppliers | 440/4 | €91 | €246 | +€155 | +170.6% |
| Taxes, remuneration and social security | 45 | - | €5,247 | +€5,247 | |
| Remuneration and social security | 454/9 | - | €5,247 | +€5,247 | |
| Other amounts payable | 47/48 | €13,023 | €6,999 | -€6,024 | -46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41 | €310 | +€269 | +651.4% |
| Gross operating margin | 9900 | -€2,780 | €8,853 | +€11,633 | |
| Operating profit (loss) | 9901 | -€2,822 | €8,543 | +€11,365 | |
| Financial charges | 65/66B | €502 | €710 | +€208 | +41.5% |
| Recurring financial charges | 65 | €502 | €710 | +€208 | +41.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,323 | €7,833 | +€11,156 | |
| Profit (loss) for the period | 9904 | -€3,323 | €7,833 | +€11,156 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,323 | €7,833 | +€11,156 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.