SYSTEMIT GROUP: 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.
SYSTEMIT GROUP
Largest movements
- Cash +€69,246
up €69,246 (+228%), from €30,348 to €99,594
mainly Debts after one year (+€160,540) and Depreciation (+€68,960)
- Deferred charges and accrued income +€19,460
up €19,460 (+883%), from €2,203 to €21,663
- Tangible fixed assets +€19,289
up €19,289 (+3.0%), from €640,422 to €659,711
of which Land and buildings: +€52,251
- Receivables within one year +€14,518
up €14,518 (+16.4%), from €88,392 to €102,910
of which Other amounts receivable: +€29,407
- Current investments +€11,700
up €11,700 (+79.9%), from €14,637 to €26,337
- Debts after one year +€160,540
up €160,540 (+49.1%), from €327,279 to €487,819
- Reserves -€122,903
down €122,903 (-42.7%), from €288,032 to €165,130
of which Distributable reserves: -€122,903
- Tax, wage and social debts +€45,674
up €45,674 (+91.1%), from €50,118 to €95,793
- Trade debts +€31,795
up €31,795 (+1,313%), from €2,421 to €34,216
- Current portion of long-term debt +€25,399
up €25,399 (+29.0%), from €87,462 to €112,861
- Financial income -€130,696
down €130,696 (-97.3%), from €134,343 to €3,647
- Gross operating margin -€102,761
down €102,761 (-77.0%), from €133,484 to €30,723
- Taxes +€48,388
up €48,388 (+329%), from €14,711 to €63,099
- Other operating charges -€7,223
down €7,223 (-69.3%), from €10,424 to €3,201
- Depreciation +€6,032
up €6,032 (+9.6%), from €62,928 to €68,960
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 | €776,000 | €914,418 | +€138,418 | +17.8% |
| Fixed assets | 21/28 | €640,422 | €659,711 | +€19,289 | +3.0% |
| Tangible fixed assets | 22/27 | €640,422 | €659,711 | +€19,289 | +3.0% |
| Land and buildings | 22 | €522,629 | €574,880 | +€52,251 | +10.0% |
| Plant, machinery and equipment | 23 | €1,496 | €422 | -€1,074 | -71.8% |
| Furniture and vehicles | 24 | €116,297 | €84,409 | -€31,888 | -27.4% |
| Current assets | 29/58 | €135,579 | €254,707 | +€119,129 | +87.9% |
| Stocks and contracts in progress | 3 | - | €4,204 | +€4,204 | |
| Stocks | 30/36 | - | €4,204 | +€4,204 | |
| Amounts receivable within one year | 40/41 | €88,392 | €102,910 | +€14,518 | +16.4% |
| Trade receivables | 40 | €44,741 | €29,852 | -€14,889 | -33.3% |
| Other amounts receivable | 41 | €43,651 | €73,058 | +€29,407 | +67.4% |
| Current investments | 50/53 | €14,637 | €26,337 | +€11,700 | +79.9% |
| Cash at bank and in hand | 54/58 | €30,348 | €99,594 | +€69,246 | +228% |
| Deferred charges and accrued income | 490/1 | €2,203 | €21,663 | +€19,460 | +883% |
| Total equity and liabilities | 10/49 | €776,000 | €914,418 | +€138,418 | +17.8% |
| Equity | 10/15 | €306,632 | €183,730 | -€122,903 | -40.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €288,032 | €165,130 | -€122,903 | -42.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €288,032 | €165,130 | -€122,903 | -42.7% |
| Investment grants | 15 | €0 | - | = | |
| Amounts payable | 17/49 | €469,368 | €730,689 | +€261,321 | +55.7% |
| Amounts payable after more than one year | 17 | €327,279 | €487,819 | +€160,540 | +49.1% |
| Financial debts | 170/4 | €327,279 | €487,819 | +€160,540 | +49.1% |
| Amounts payable within one year | 42/48 | €142,089 | €242,870 | +€100,781 | +70.9% |
| Current portion of amounts payable after more than one year | 42 | €87,462 | €112,861 | +€25,399 | +29.0% |
| Trade debts | 44 | €2,421 | €34,216 | +€31,795 | +1,313% |
| Suppliers | 440/4 | €2,421 | €34,216 | +€31,795 | +1,313% |
| Advances received on contracts in progress | 46 | €2,087 | - | -€2,087 | |
| Taxes, remuneration and social security | 45 | €50,118 | €95,793 | +€45,674 | +91.1% |
| Taxes | 450/3 | €50,118 | €95,793 | +€45,674 | +91.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,928 | €68,960 | +€6,032 | +9.6% |
| Other operating charges | 640/8 | €10,424 | €3,201 | -€7,223 | -69.3% |
| Gross operating margin | 9900 | €133,484 | €30,723 | -€102,761 | -77.0% |
| Operating profit (loss) | 9901 | €60,132 | -€41,438 | -€101,570 | |
| Financial income | 75/76B | €134,343 | €3,647 | -€130,696 | -97.3% |
| Recurring financial income | 75 | €134,343 | €3,647 | -€130,696 | -97.3% |
| Financial charges | 65/66B | €20,033 | €22,013 | +€1,981 | +9.9% |
| Recurring financial charges | 65 | €20,033 | €22,013 | +€1,981 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €174,442 | -€59,804 | -€234,246 | |
| Income taxes | 67/77 | €14,711 | €63,099 | +€48,388 | +329% |
| Profit (loss) for the period | 9904 | €159,731 | -€122,903 | -€282,633 | |
| Profit (loss) for the period to be appropriated | 9905 | €159,731 | -€122,903 | -€282,633 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.