SYSTEM TECHNOLOGIES: 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 TECHNOLOGIES
Largest movements
- Tangible fixed assets +€52,877
up €52,877 (+201%), from €26,308 to €79,185
of which Furniture and vehicles: +€40,232
- Receivables within one year +€36,543
up €36,543 (+6.9%), from €530,287 to €566,830
of which Trade receivables: +€28,433
- Other debts +€154,427
up €154,427 (+210%), from €73,666 to €228,093
- Reserves -€114,929
down €114,929 (-29.0%), from €396,832 to €281,903
of which Distributable reserves: -€114,929
- Short-term financial debts -€48,587
no longer reported in 2025 (was €48,587)
of which Credit institutions: -€40,222
- Current portion of long-term debt +€35,424
new in 2025: €35,424
- Debts after one year +€33,929
new in 2025: €33,929
- Gross operating margin +€105,102
up €105,102 (+183%), from €57,361 to €162,463
- Taxes +€27,359
up €27,359 (+125%), from €21,840 to €49,199
- Depreciation +€13,091
up €13,091 (+130%), from €10,089 to €23,180
- Financial income -€1,738
down €1,738 (-5.8%), from €29,799 to €28,062
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 | €567,899 | €653,182 | +€85,283 | +15.0% |
| Fixed assets | 21/28 | €26,358 | €79,185 | +€52,827 | +200% |
| Tangible fixed assets | 22/27 | €26,308 | €79,185 | +€52,877 | +201% |
| Plant, machinery and equipment | 23 | €2,933 | €15,578 | +€12,645 | +431% |
| Furniture and vehicles | 24 | €22,875 | €63,107 | +€40,232 | +176% |
| Other tangible fixed assets | 26 | €500 | €500 | = | 0.0% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €541,541 | €573,997 | +€32,456 | +6.0% |
| Stocks and contracts in progress | 3 | €101 | - | -€101 | |
| Stocks | 30/36 | €101 | - | -€101 | |
| Amounts receivable within one year | 40/41 | €530,287 | €566,830 | +€36,543 | +6.9% |
| Trade receivables | 40 | €1,036 | €29,469 | +€28,433 | +2,745% |
| Other amounts receivable | 41 | €529,251 | €537,361 | +€8,110 | +1.5% |
| Cash at bank and in hand | 54/58 | €9,671 | €3,953 | -€5,717 | -59.1% |
| Deferred charges and accrued income | 490/1 | €1,483 | €3,214 | +€1,731 | +117% |
| Total equity and liabilities | 10/49 | €567,899 | €653,182 | +€85,283 | +15.0% |
| Equity | 10/15 | €416,832 | €301,903 | -€114,929 | -27.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €396,832 | €281,903 | -€114,929 | -29.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €24,963 | €24,963 | = | 0.0% |
| Distributable reserves | 133 | €369,869 | €254,940 | -€114,929 | -31.1% |
| Amounts payable | 17/49 | €151,067 | €351,279 | +€200,212 | +133% |
| Amounts payable after more than one year | 17 | - | €33,929 | +€33,929 | |
| Financial debts | 170/4 | - | €33,929 | +€33,929 | |
| Amounts payable within one year | 42/48 | €150,855 | €317,350 | +€166,495 | +110% |
| Current portion of amounts payable after more than one year | 42 | - | €35,424 | +€35,424 | |
| Financial debts | 43 | €48,587 | - | -€48,587 | |
| Credit institutions | 430/8 | €40,222 | - | -€40,222 | |
| Other loans | 439 | €8,365 | - | -€8,365 | |
| Trade debts | 44 | €6,099 | €18,525 | +€12,425 | +204% |
| Suppliers | 440/4 | €6,099 | €18,525 | +€12,425 | +204% |
| Taxes, remuneration and social security | 45 | €22,502 | €35,308 | +€12,805 | +56.9% |
| Taxes | 450/3 | €22,502 | €35,308 | +€12,805 | +56.9% |
| Other amounts payable | 47/48 | €73,666 | €228,093 | +€154,427 | +210% |
| Accrued charges and deferred income | 492/3 | €212 | - | -€212 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,089 | €23,180 | +€13,091 | +130% |
| Other operating charges | 640/8 | €901 | €987 | +€87 | +9.6% |
| Gross operating margin | 9900 | €57,361 | €162,463 | +€105,102 | +183% |
| Operating profit (loss) | 9901 | €46,371 | €138,295 | +€91,924 | +198% |
| Financial income | 75/76B | €29,799 | €28,062 | -€1,738 | -5.8% |
| Recurring financial income | 75 | €29,799 | €28,062 | -€1,738 | -5.8% |
| Financial charges | 65/66B | €3,607 | €3,993 | +€386 | +10.7% |
| Recurring financial charges | 65 | €3,607 | €3,993 | +€386 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | €72,563 | €162,363 | +€89,800 | +124% |
| Income taxes | 67/77 | €21,840 | €49,199 | +€27,359 | +125% |
| Profit (loss) for the period | 9904 | €50,723 | €113,164 | +€62,442 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €50,723 | €113,164 | +€62,442 | +123% |
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 14 October 2026 via checked.be.