SYSTEM-P: 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-P
Largest movements
- Cash +€33,208
up €33,208 (+86.4%), from €38,451 to €71,659
mainly Net result for the year (+€57,867) and Tax, wage and social debts (+€7,398)
- Current investments +€30,000
new in 2025: €30,000
- Receivables within one year +€1,936
up €1,936 (+26.7%), from €7,260 to €9,196
- Profit (loss) carried forward +€57,034
up €57,034 (+187.5%), from €30,420 to €87,454
- Tax, wage and social debts +€7,398
up €7,398 (+53.6%), from €13,807 to €21,205
- Gross operating margin +€32,749
up €32,749 (+81.3%), from €40,281 to €73,030
- Taxes +€6,923
up €6,923 (+76.9%), from €8,999 to €15,923
- Financial income +€813
new in 2025: €813
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 | €46,160 | €111,304 | +€65,144 | +141.1% |
| Current assets | 29/58 | €46,160 | €111,304 | +€65,144 | +141.1% |
| Amounts receivable within one year | 40/41 | €7,260 | €9,196 | +€1,936 | +26.7% |
| Trade receivables | 40 | €7,260 | €9,196 | +€1,936 | +26.7% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €38,451 | €71,659 | +€33,208 | +86.4% |
| Deferred charges and accrued income | 490/1 | €448 | €448 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €46,160 | €111,304 | +€65,144 | +141.1% |
| Equity | 10/15 | €31,420 | €88,454 | +€57,034 | +181.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,420 | €87,454 | +€57,034 | +187.5% |
| Amounts payable | 17/49 | €14,739 | €22,850 | +€8,110 | +55.0% |
| Amounts payable within one year | 42/48 | €14,739 | €22,850 | +€8,110 | +55.0% |
| Trade debts | 44 | €75 | €1,061 | +€986 | +1314.5% |
| Suppliers | 440/4 | €75 | €1,061 | +€986 | +1314.5% |
| Taxes, remuneration and social security | 45 | €13,807 | €21,205 | +€7,398 | +53.6% |
| Taxes | 450/3 | €13,807 | €21,205 | +€7,398 | +53.6% |
| Other amounts payable | 47/48 | €857 | €583 | -€274 | -32.0% |
| Gross operating margin | 9900 | €40,281 | €73,030 | +€32,749 | +81.3% |
| Operating profit (loss) | 9901 | €40,281 | €73,030 | +€32,749 | +81.3% |
| Financial income | 75/76B | - | €813 | +€813 | |
| Recurring financial income | 75 | - | €813 | +€813 | |
| Financial charges | 65/66B | €3 | €54 | +€51 | +1728.7% |
| Recurring financial charges | 65 | €3 | €54 | +€51 | +1728.7% |
| Profit (loss) for the period before taxes | 9903 | €40,278 | €73,789 | +€33,511 | +83.2% |
| Income taxes | 67/77 | €8,999 | €15,923 | +€6,923 | +76.9% |
| Profit (loss) for the period | 9904 | €31,279 | €57,867 | +€26,587 | +85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,279 | €57,867 | +€26,587 | +85.0% |
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 10 October 2026 via checked.be.