SYSTEMICA: 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.
SYSTEMICA
Largest movements
- Cash +€67,937
up €67,937 (+47.1%), from €144,334 to €212,270
mainly Net result for the year (+€63,190) and Tax, wage and social debts (+€19,199)
- Receivables within one year +€14,859
up €14,859 (+2339.1%), from €635 to €15,494
- Reserves +€63,190
up €63,190 (+53.2%), from €118,794 to €181,983
- Tax, wage and social debts +€19,199
up €19,199 (+81.4%), from €23,586 to €42,785
- Gross operating margin -€1,192
down €1,192 (-1.5%), from €82,111 to €80,919
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 | €144,969 | €227,765 | +€82,796 | +57.1% |
| Current assets | 29/58 | €144,969 | €227,765 | +€82,796 | +57.1% |
| Amounts receivable within one year | 40/41 | €635 | €15,494 | +€14,859 | +2339.1% |
| Trade receivables | 40 | €635 | €15,494 | +€14,859 | +2339.1% |
| Cash at bank and in hand | 54/58 | €144,334 | €212,270 | +€67,937 | +47.1% |
| Total equity and liabilities | 10/49 | €144,969 | €227,765 | +€82,796 | +57.1% |
| Equity | 10/15 | €121,294 | €184,483 | +€63,190 | +52.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €118,794 | €181,983 | +€63,190 | +53.2% |
| Distributable reserves | 133 | €118,794 | €181,983 | +€63,190 | +53.2% |
| Amounts payable | 17/49 | €23,675 | €43,281 | +€19,606 | +82.8% |
| Amounts payable within one year | 42/48 | €23,675 | €43,281 | +€19,606 | +82.8% |
| Trade debts | 44 | €79 | €354 | +€275 | +349.5% |
| Suppliers | 440/4 | €79 | €354 | +€275 | +349.5% |
| Taxes, remuneration and social security | 45 | €23,586 | €42,785 | +€19,199 | +81.4% |
| Taxes | 450/3 | €23,586 | €42,785 | +€19,199 | +81.4% |
| Other amounts payable | 47/48 | €11 | €143 | +€132 | +1233.8% |
| Gross operating margin | 9900 | €82,111 | €80,919 | -€1,192 | -1.5% |
| Operating profit (loss) | 9901 | €82,111 | €80,919 | -€1,192 | -1.5% |
| Financial charges | 65/66B | €44 | €184 | +€140 | +317.4% |
| Recurring financial charges | 65 | €44 | €184 | +€140 | +317.4% |
| Profit (loss) for the period before taxes | 9903 | €82,067 | €80,735 | -€1,332 | -1.6% |
| Income taxes | 67/77 | €16,778 | €17,545 | +€767 | +4.6% |
| Profit (loss) for the period | 9904 | €65,289 | €63,190 | -€2,099 | -3.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,289 | €63,190 | -€2,099 | -3.2% |
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 5 October 2026 via checked.be.