SYSTEMIC: 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.
SYSTEMIC
Largest movements
- Current investments +€15,222
up €15,222 (+28.9%), from €52,661 to €67,883
- Cash -€10,948
down €10,948 (-19.6%), from €55,924 to €44,977
mainly Current investments (-€15,222) and Trade debts (-€435)
- Profit (loss) carried forward +€3,399
new in 2025: €3,399
- Financial income +€2,942
up €2,942 (+39.4%), from €7,475 to €10,416
- Financial charges +€501
up €501 (+119%), from €419 to €920
- Gross operating margin -€105
down €105 (-1.8%), from -€5,763 to -€5,868
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 | €111,460 | €115,005 | +€3,545 | +3.2% |
| Fixed assets | 21/28 | €50 | €0 | -€50 | -100% |
| Financial fixed assets | 28 | €50 | €0 | -€50 | -100% |
| Current assets | 29/58 | €111,410 | €115,005 | +€3,595 | +3.2% |
| Amounts receivable within one year | 40/41 | €2,825 | €2,146 | -€679 | -24.1% |
| Trade receivables | 40 | €1,451 | €840 | -€611 | -42.1% |
| Other amounts receivable | 41 | €1,374 | €1,306 | -€69 | -5.0% |
| Current investments | 50/53 | €52,661 | €67,883 | +€15,222 | +28.9% |
| Cash at bank and in hand | 54/58 | €55,924 | €44,977 | -€10,948 | -19.6% |
| Total equity and liabilities | 10/49 | €111,460 | €115,005 | +€3,545 | +3.2% |
| Equity | 10/15 | €93,918 | €97,496 | +€3,578 | +3.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €31,918 | €32,097 | +€179 | +0.6% |
| Non-distributable reserves | 130/1 | €5,489 | €5,668 | +€179 | +3.3% |
| Legal reserve | 130 | €5,489 | €5,668 | +€179 | +3.3% |
| Distributable reserves | 133 | €26,428 | €26,428 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €3,399 | +€3,399 | |
| Provisions and deferred taxes | 16 | €16,368 | €16,368 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €16,368 | €16,368 | = | 0.0% |
| Pensions and similar obligations | 160 | €16,368 | €16,368 | = | 0.0% |
| Amounts payable | 17/49 | €1,175 | €1,142 | -€33 | -2.8% |
| Amounts payable within one year | 42/48 | €1,175 | €1,142 | -€33 | -2.8% |
| Trade debts | 44 | €1,175 | €740 | -€435 | -37.0% |
| Suppliers | 440/4 | €1,175 | €740 | -€435 | -37.0% |
| Taxes, remuneration and social security | 45 | - | €402 | +€402 | |
| Taxes | 450/3 | - | €402 | +€402 | |
| Other operating charges | 640/8 | - | €50 | +€50 | |
| Gross operating margin | 9900 | -€5,763 | -€5,868 | -€105 | -1.8% |
| Operating profit (loss) | 9901 | -€5,763 | -€5,918 | -€155 | -2.7% |
| Financial income | 75/76B | €7,475 | €10,416 | +€2,942 | +39.4% |
| Recurring financial income | 75 | €7,475 | €10,416 | +€2,942 | +39.4% |
| Financial charges | 65/66B | €419 | €920 | +€501 | +119% |
| Recurring financial charges | 65 | €419 | €920 | +€501 | +119% |
| Profit (loss) for the period before taxes | 9903 | €1,293 | €3,578 | +€2,286 | +177% |
| Profit (loss) for the period | 9904 | €1,293 | €3,578 | +€2,286 | +177% |
| Profit (loss) for the period to be appropriated | 9905 | €1,293 | €3,578 | +€2,286 | +177% |
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 24 October 2026 via checked.be.