SYSTEME G: 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.
SYSTEME G
Largest movements
- Receivables within one year -€154,786
down €154,786 (-25.8%), from €599,951 to €445,165
- Cash -€122,192
down €122,192 (-94.9%), from €128,721 to €6,528
mainly Other debts (-€299,603) and Deferred charges and accrued income (-€3,421)
- Tangible fixed assets -€20,108
down €20,108 (-4.3%), from €463,262 to €443,154
of which Land and buildings: -€19,920
- Other debts -€299,603
down €299,603 (-99.5%), from €301,194 to €1,591
- Reserves +€17,402
up €17,402 (+8.8%), from €197,414 to €214,816
of which Distributable reserves: +€167,792
- Revaluation surpluses -€12,780
down €12,780 (-4.1%), from €310,980 to €298,200
- Other operating charges +€5,250
up €5,250 (+1151.2%), from €456 to €5,706
- Financial income -€2,842
no longer reported in 2025 (was €2,842)
- Taxes -€2,093
down €2,093 (-26.5%), from €7,893 to €5,801
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 | €1,218,981 | €925,315 | -€293,666 | -24.1% |
| Fixed assets | 21/28 | €463,262 | €443,154 | -€20,108 | -4.3% |
| Tangible fixed assets | 22/27 | €463,262 | €443,154 | -€20,108 | -4.3% |
| Land and buildings | 22 | €462,312 | €442,392 | -€19,920 | -4.3% |
| Plant, machinery and equipment | 23 | €950 | €762 | -€188 | -19.8% |
| Current assets | 29/58 | €755,719 | €482,161 | -€273,558 | -36.2% |
| Stocks and contracts in progress | 3 | €25,491 | €25,491 | = | 0.0% |
| Stocks | 30/36 | €25,491 | €25,491 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €599,951 | €445,165 | -€154,786 | -25.8% |
| Other amounts receivable | 41 | €599,951 | €445,165 | -€154,786 | -25.8% |
| Cash at bank and in hand | 54/58 | €128,721 | €6,528 | -€122,192 | -94.9% |
| Deferred charges and accrued income | 490/1 | €1,556 | €4,977 | +€3,421 | +219.8% |
| Total equity and liabilities | 10/49 | €1,218,981 | €925,315 | -€293,666 | -24.1% |
| Equity | 10/15 | €914,592 | €919,213 | +€4,622 | +0.5% |
| Contributions | 10/11 | €406,197 | €406,197 | = | 0.0% |
| Revaluation surpluses | 12 | €310,980 | €298,200 | -€12,780 | -4.1% |
| Reserves | 13 | €197,414 | €214,816 | +€17,402 | +8.8% |
| Non-distributable reserves | 130/1 | €150,390 | - | -€150,390 | |
| Reserves not available under the articles | 1311 | €150,390 | - | -€150,390 | |
| Distributable reserves | 133 | €47,024 | €214,816 | +€167,792 | +356.8% |
| Amounts payable | 17/49 | €304,389 | €6,102 | -€298,287 | -98.0% |
| Amounts payable within one year | 42/48 | €301,271 | €2,786 | -€298,485 | -99.1% |
| Trade debts | 44 | €61 | €797 | +€736 | +1216.8% |
| Suppliers | 440/4 | €61 | €797 | +€736 | +1216.8% |
| Taxes, remuneration and social security | 45 | €16 | €398 | +€382 | +2387.7% |
| Taxes | 450/3 | €16 | €398 | +€382 | +2387.7% |
| Other amounts payable | 47/48 | €301,194 | €1,591 | -€299,603 | -99.5% |
| Accrued charges and deferred income | 492/3 | €3,118 | €3,316 | +€198 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,136 | €20,108 | -€28 | -0.1% |
| Other operating charges | 640/8 | €456 | €5,706 | +€5,250 | +1151.2% |
| Gross operating margin | 9900 | €38,010 | €37,840 | -€170 | -0.4% |
| Operating profit (loss) | 9901 | €17,419 | €12,026 | -€5,392 | -31.0% |
| Financial income | 75/76B | €2,842 | - | -€2,842 | |
| Recurring financial income | 75 | €2,842 | - | -€2,842 | |
| Financial charges | 65/66B | €1,580 | €1,604 | +€24 | +1.5% |
| Recurring financial charges | 65 | €1,580 | €1,604 | +€24 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €18,681 | €10,422 | -€8,259 | -44.2% |
| Income taxes | 67/77 | €7,893 | €5,801 | -€2,093 | -26.5% |
| Profit (loss) for the period | 9904 | €10,787 | €4,622 | -€6,166 | -57.2% |
| Profit (loss) for the period to be appropriated | 9905 | €10,787 | €4,622 | -€6,166 | -57.2% |
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 9 October 2026 via checked.be.