SystemPlusLogisticService: 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
SystemPlusLogisticService
NACE 49.410, Freight transport by road
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€1.3m
2025 · €1.2m+€84,268
Equity
€5.5m
2025 · €4.2m+€1.3m
Cash
€1.8m
2025 · €2.1m-€226,123
Balance sheet total
€9.7m
2025 · €8.1m+€1.6m
Largest movements
Assets
- Receivables within one year +€1.7m
up €1.7m (+29.2%), from €6.0m to €7.7m
of which Other amounts receivable: +€1.7m
- Cash -€226,123
down €226,123 (-10.9%), from €2.1m to €1.8m
mainly Receivables within one year (-€1.7m) and Other debts (-€274,166)
Equity and liabilities
- Profit (loss) carried forward +€889,781
up €889,781 (+31.4%), from €2.8m to €3.7m
- Trade debts +€766,732
up €766,732 (+26.4%), from €2.9m to €3.7m
- Reserves +€378,900
up €378,900 (+29.0%), from €1.3m to €1.7m
of which Tax-exempt reserves: +€378,900
- Other debts -€274,166
down €274,166 (-54.3%), from €505,227 to €231,061
- Tax, wage and social debts -€200,860
down €200,860 (-42.9%), from €468,719 to €267,860
of which Taxes: -€222,996
Income statement
- Turnover +€1.1m
up €1.1m (+10.0%), from €10.8m to €11.8m
- Goods and materials +€852,739
up €852,739 (+10.5%), from €8.1m to €9.0m
- Services and other goods +€170,103
up €170,103 (+20.4%), from €835,541 to €1.0m
- Other operating income +€158,769
up €158,769 (+22.8%), from €696,502 to €855,270
From the 2025 result to the 2026 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 2025
€1.2m
Turnover
+€1.1m
Other operating income
+€158,769
Goods and materials
-€852,739
Services and other goods
-€170,103
Staff costs
-€116,316
Depreciation
-€0
Write-downs
-€3,768
Provisions
+€15,342
Other operating charges
-€2,494
Financial income
-€7,373
Financial charges
-€2,828
Taxes
-€11,198
Result 2026
€1.3m
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€226,123
Investment
€0
Financing
€0
Cash 2025
€2.1m
From operations (derived)
-€226,123
Net result for the year
+€1.3m
Depreciation
+€10,349
Receivables within one year
-€1.7m
Deferred charges and accrued income
-€57,611
Provisions
-€5,641
Trade debts
+€766,732
Tax, wage and social debts
-€200,860
Other debts
-€274,166
Accrued charges and deferred income
+€14,261
Cash 2026
€1.8m
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,088,859 | €9,657,866 | +€1.6m | +19.4% |
| Fixed assets | 21/28 | €26,423 | €16,074 | -€10,349 | -39.2% |
| Intangible fixed assets | 21 | €24,723 | €14,374 | -€10,349 | -41.9% |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,700 | €1,700 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €8,062,436 | €9,641,792 | +€1.6m | +19.6% |
| Stocks and contracts in progress | 3 | €8 | €8 | = | 0.0% |
| Stocks | 30/36 | €8 | €8 | = | 0.0% |
| Raw materials and consumables | 30/31 | €8 | €8 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,984,164 | €7,732,031 | +€1.7m | +29.2% |
| Trade receivables | 40 | €2,060,256 | €2,082,350 | +€22,094 | +1.1% |
| Other amounts receivable | 41 | €3,923,907 | €5,649,681 | +€1.7m | +44.0% |
| Cash at bank and in hand | 54/58 | €2,073,965 | €1,847,842 | -€226,123 | -10.9% |
| Deferred charges and accrued income | 490/1 | €4,300 | €61,911 | +€57,611 | +1339.8% |
| Total equity and liabilities | 10/49 | €8,088,859 | €9,657,866 | +€1.6m | +19.4% |
| Equity | 10/15 | €4,197,993 | €5,466,674 | +€1.3m | +30.2% |
| 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 | €1,304,428 | €1,683,328 | +€378,900 | +29.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €538,880 | €917,780 | +€378,900 | +70.3% |
| Distributable reserves | 133 | €759,348 | €759,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,831,566 | €3,721,347 | +€889,781 | +31.4% |
| Provisions and deferred taxes | 16 | €15,917 | €10,276 | -€5,641 | -35.4% |
| Provisions for liabilities and charges | 160/5 | €15,917 | €10,276 | -€5,641 | -35.4% |
| Other liabilities and charges | 164/5 | €15,917 | €10,276 | -€5,641 | -35.4% |
| Amounts payable | 17/49 | €3,874,949 | €4,180,916 | +€305,967 | +7.9% |
| Amounts payable within one year | 42/48 | €3,873,610 | €4,165,316 | +€291,706 | +7.5% |
| Trade debts | 44 | €2,899,663 | €3,666,395 | +€766,732 | +26.4% |
| Suppliers | 440/4 | €2,899,663 | €3,666,395 | +€766,732 | +26.4% |
| Taxes, remuneration and social security | 45 | €468,719 | €267,860 | -€200,860 | -42.9% |
| Taxes | 450/3 | €235,666 | €12,670 | -€222,996 | -94.6% |
| Remuneration and social security | 454/9 | €233,053 | €255,190 | +€22,136 | +9.5% |
| Other amounts payable | 47/48 | €505,227 | €231,061 | -€274,166 | -54.3% |
| Accrued charges and deferred income | 492/3 | €1,339 | €15,600 | +€14,261 | +1064.7% |
| Operating income | 70/76A | €11,468,876 | €12,704,621 | +€1.2m | +10.8% |
| Turnover | 70 | €10,772,374 | €11,849,351 | +€1.1m | +10.0% |
| Other operating income | 74 | €696,502 | €855,270 | +€158,769 | +22.8% |
| Operating charges | 60/66A | €10,076,416 | €11,206,494 | +€1.1m | +11.2% |
| Goods for resale, raw materials and consumables | 60 | €8,121,566 | €8,974,305 | +€852,739 | +10.5% |
| Purchases | 600/8 | €8,121,566 | €8,974,305 | +€852,739 | +10.5% |
| Services and other goods | 61 | €835,541 | €1,005,644 | +€170,103 | +20.4% |
| Remuneration, social security and pensions | 62 | €1,081,293 | €1,197,609 | +€116,316 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,349 | €10,349 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,943 | €8,710 | +€3,768 | +76.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,701 | -€5,641 | -€15,342 | |
| Other operating charges | 640/8 | €13,024 | €15,518 | +€2,494 | +19.1% |
| Operating profit (loss) | 9901 | €1,392,460 | €1,498,127 | +€105,667 | +7.6% |
| Financial income | 75/76B | €213,632 | €206,259 | -€7,373 | -3.5% |
| Recurring financial income | 75 | €213,632 | €206,259 | -€7,373 | -3.5% |
| Income from current assets | 751 | €212,347 | €203,666 | -€8,681 | -4.1% |
| Other financial income | 752/9 | €1,285 | €2,593 | +€1,308 | +101.8% |
| Financial charges | 65/66B | €5,340 | €8,167 | +€2,828 | +53.0% |
| Recurring financial charges | 65 | €5,340 | €8,167 | +€2,828 | +53.0% |
| Debt charges | 650 | €2 | €266 | +€264 | +13213.5% |
| Other financial charges | 652/9 | €5,338 | €7,901 | +€2,563 | +48.0% |
| Profit (loss) for the period before taxes | 9903 | €1,600,752 | €1,696,219 | +€95,466 | +6.0% |
| Income taxes | 67/77 | €416,340 | €427,538 | +€11,198 | +2.7% |
| Taxes | 670/3 | €425,953 | €430,247 | +€4,294 | +1.0% |
| Tax adjustments and reversals of tax provisions | 77 | €9,614 | €2,709 | -€6,904 | -71.8% |
| Profit (loss) for the period | 9904 | €1,184,413 | €1,268,681 | +€84,268 | +7.1% |
| Transfer from tax-exempt reserves | 789 | €504,725 | - | -€504,725 | |
| Transfer to tax-exempt reserves | 689 | €210,500 | €378,900 | +€168,400 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,478,638 | €889,781 | -€588,857 | -39.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.