Systemat Document Solutions: 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.
What changed
Systemat Document Solutions
NACE 62.900, Other information technology and computer services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21,718
2024 · €300,873-€279,156
Equity
€52,177
2024 · -€219,541+€271,718
Cash
€430,779
2024 · €273,723+€157,057
Balance sheet total
€1.9m
2024 · €2.5m-€616,716
Largest movements
Assets
- Receivables within one year -€923,065
down €923,065 (-41.7%), from €2.2m to €1.3m
of which Trade receivables: -€866,992
- Cash +€157,057
up €157,057 (+57.4%), from €273,723 to €430,779
mainly Receivables within one year (+€923,065) and Short-term financial debts (+€818,189)
- Formation expenses +€75,000
new in 2025: €75,000
- Financial fixed assets +€41,800
new in 2025: €41,800
- Tangible fixed assets +€26,720
new in 2025: €26,720
Equity and liabilities
- Trade debts -€1.6m
down €1.6m (-71.4%), from €2.3m to €656,954
- Short-term financial debts +€818,189
new in 2025: €818,189
- Contributions +€250,000
up €250,000 (+73.2%), from €341,754 to €591,754
- Tax, wage and social debts -€194,098
down €194,098 (-53.3%), from €364,273 to €170,175
of which Remuneration and social security: -€119,413
- Other debts +€127,310
up €127,310 (+226.7%), from €56,153 to €183,463
Income statement
- Turnover -€11.3m
no longer reported in 2025 (was €11.3m)
- Goods and materials -€8.2m
no longer reported in 2025 (was €8.2m)
- Gross operating margin +€1.8m
new in 2025: €1.8m
- Services and other goods -€1.0m
no longer reported in 2025 (was €1.0m)
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.
Result 2024
€300,873
Turnover
-€11.3m
Other operating income
-€16,008
Goods and materials
+€8.2m
Services and other goods
+€1.0m
Staff costs
+€82,189
Depreciation
-€0
Provisions
+€110,000
Other operating charges
-€3,144
Other operating items
+€1.6m
Financial income
+€17,905
Financial charges
-€639
Taxes
+€2,671
Result 2025
€21,718
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.
From operations
-€767,612
Investment
-€143,520
Financing
+€1.1m
Cash 2024
€273,723
From operations (derived)
-€767,612
Net result for the year
+€21,718
Depreciation
+€800
Receivables within one year
+€923,065
Deferred charges and accrued income
-€6,571
Trade debts
-€1.6m
Tax, wage and social debts
-€194,098
Other debts
+€127,310
Accrued charges and deferred income
+€967
Investment (derived)
-€143,520
Investment in fixed assets (net)
-€143,520
Financing
+€1.1m
Short-term financial debts
+€818,189
Contributions, distributions and other
+€250,000
Cash 2025
€430,779
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,498,645 | €1,881,929 | -€616,716 | -24.7% |
| Formation expenses | 20 | - | €75,000 | +€75,000 | |
| Fixed assets | 21/28 | €2,266 | €69,986 | +€67,720 | +2988.1% |
| Intangible fixed assets | 21 | €2,266 | €1,466 | -€800 | -35.3% |
| Tangible fixed assets | 22/27 | - | €26,720 | +€26,720 | |
| Furniture and vehicles | 24 | - | €26,720 | +€26,720 | |
| Financial fixed assets | 28 | - | €41,800 | +€41,800 | |
| Current assets | 29/58 | €2,496,379 | €1,736,942 | -€759,436 | -30.4% |
| Amounts receivable within one year | 40/41 | €2,215,561 | €1,292,497 | -€923,065 | -41.7% |
| Trade receivables | 40 | €2,159,160 | €1,292,168 | -€866,992 | -40.2% |
| Other amounts receivable | 41 | €56,401 | €329 | -€56,072 | -99.4% |
| Cash at bank and in hand | 54/58 | €273,723 | €430,779 | +€157,057 | +57.4% |
| Deferred charges and accrued income | 490/1 | €7,095 | €13,667 | +€6,571 | +92.6% |
| Total equity and liabilities | 10/49 | €2,498,645 | €1,881,929 | -€616,716 | -24.7% |
| Equity | 10/15 | -€219,541 | €52,177 | +€271,718 | |
| Contributions | 10/11 | €341,754 | €591,754 | +€250,000 | +73.2% |
| Capital | 10 | €341,754 | €591,754 | +€250,000 | +73.2% |
| Issued capital | 100 | €341,754 | €591,754 | +€250,000 | +73.2% |
| Reserves | 13 | €473,250 | €473,250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €467,100 | €467,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,034,545 | -€1,012,827 | +€21,718 | +2.1% |
| Amounts payable | 17/49 | €2,718,186 | €1,829,752 | -€888,434 | -32.7% |
| Amounts payable within one year | 42/48 | €2,718,181 | €1,828,781 | -€889,401 | -32.7% |
| Financial debts | 43 | - | €818,189 | +€818,189 | |
| Credit institutions | 430/8 | - | €818,189 | +€818,189 | |
| Trade debts | 44 | €2,297,756 | €656,954 | -€1.6m | -71.4% |
| Suppliers | 440/4 | €2,297,756 | €656,954 | -€1.6m | -71.4% |
| Taxes, remuneration and social security | 45 | €364,273 | €170,175 | -€194,098 | -53.3% |
| Taxes | 450/3 | €80,850 | €6,165 | -€74,685 | -92.4% |
| Remuneration and social security | 454/9 | €283,423 | €164,010 | -€119,413 | -42.1% |
| Other amounts payable | 47/48 | €56,153 | €183,463 | +€127,310 | +226.7% |
| Accrued charges and deferred income | 492/3 | €4 | €971 | +€967 | +22323.1% |
| Operating income | 70/76A | €11,341,894 | - | -€11.3m | |
| Turnover | 70 | €11,325,886 | - | -€11.3m | |
| Other operating income | 74 | €16,008 | - | -€16,008 | |
| Non-recurring operating income | 76A | - | €113,257 | +€113,257 | |
| Operating charges | 60/66A | €10,992,615 | - | -€11.0m | |
| Goods for resale, raw materials and consumables | 60 | €8,228,846 | - | -€8.2m | |
| Purchases | 600/8 | €8,228,846 | - | -€8.2m | |
| Services and other goods | 61 | €1,002,882 | - | -€1.0m | |
| Remuneration, social security and pensions | 62 | €1,758,183 | €1,675,994 | -€82,189 | -4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €800 | €800 | +€0 | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€110,000 | -€110,000 | |
| Other operating charges | 640/8 | €1,904 | €5,048 | +€3,144 | +165.2% |
| Non-recurring operating charges | 66A | - | €160,657 | +€160,657 | |
| Gross operating margin | 9900 | - | €1,782,685 | +€1.8m | |
| Operating profit (loss) | 9901 | €349,279 | €50,186 | -€299,093 | -85.6% |
| Financial income | 75/76B | €138 | €18,043 | +€17,905 | +12951.9% |
| Recurring financial income | 75 | €138 | €18,043 | +€17,905 | +12951.9% |
| Income from current assets | 751 | €138 | - | -€138 | |
| Other financial income | 752/9 | €0 | - | -€0 | |
| Financial charges | 65/66B | €45,873 | €46,511 | +€639 | +1.4% |
| Recurring financial charges | 65 | €45,873 | €46,511 | +€639 | +1.4% |
| Debt charges | 650 | €42,967 | - | -€42,967 | |
| Other financial charges | 652/9 | €2,906 | - | -€2,906 | |
| Profit (loss) for the period before taxes | 9903 | €303,545 | €21,718 | -€281,827 | -92.8% |
| Income taxes | 67/77 | €2,671 | €0 | -€2,671 | -100.0% |
| Taxes | 670/3 | €2,671 | - | -€2,671 | |
| Profit (loss) for the period | 9904 | €300,873 | €21,718 | -€279,156 | -92.8% |
| Profit (loss) for the period to be appropriated | 9905 | €300,873 | €21,718 | -€279,156 | -92.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.