SYSTEMS SYNERGY: 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.
SYSTEMS SYNERGY
Largest movements
- Receivables within one year +€13,528
up €13,528 (+71.0%), from €19,054 to €32,581
of which Trade receivables: +€13,528
- Tangible fixed assets -€11,493
down €11,493 (-4.0%), from €285,575 to €274,082
- Cash +€7,225
up €7,225 (+11.7%), from €61,813 to €69,037
mainly Net result for the year (+€39,612) and Depreciation (+€14,203)
- Debts after one year -€25,187
down €25,187 (-15.8%), from €159,902 to €134,715
- Reserves +€20,000
up €20,000 (+12.4%), from €161,228 to €181,228
of which Distributable reserves: +€20,000
- Current portion of long-term debt +€5,545
up €5,545 (+22.3%), from €24,899 to €30,444
- Profit (loss) carried forward +€4,612
up €4,612 (+369%), from €1,248 to €5,860
- Financial charges -€1,685
down €1,685 (-14.5%), from €11,588 to €9,903
- Gross operating margin -€1,596
down €1,596 (-1.9%), from €82,003 to €80,407
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 | €385,792 | €395,582 | +€9,790 | +2.5% |
| Fixed assets | 21/28 | €285,575 | €274,082 | -€11,493 | -4.0% |
| Tangible fixed assets | 22/27 | €285,575 | €274,082 | -€11,493 | -4.0% |
| Land and buildings | 22 | €259,140 | €253,419 | -€5,720 | -2.2% |
| Plant, machinery and equipment | 23 | €23,995 | €19,421 | -€4,574 | -19.1% |
| Furniture and vehicles | 24 | €2,440 | €1,241 | -€1,199 | -49.1% |
| Current assets | 29/58 | €100,217 | €121,500 | +€21,283 | +21.2% |
| Amounts receivable within one year | 40/41 | €19,054 | €32,581 | +€13,528 | +71.0% |
| Trade receivables | 40 | €18,513 | €32,041 | +€13,528 | +73.1% |
| Other amounts receivable | 41 | €541 | €541 | = | 0.0% |
| Current investments | 50/53 | €19,350 | €19,350 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,813 | €69,037 | +€7,225 | +11.7% |
| Deferred charges and accrued income | 490/1 | - | €531 | +€531 | |
| Total equity and liabilities | 10/49 | €385,792 | €395,582 | +€9,790 | +2.5% |
| Equity | 10/15 | €168,676 | €193,287 | +€24,612 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €161,228 | €181,228 | +€20,000 | +12.4% |
| Tax-exempt reserves | 132 | €21,368 | €21,368 | = | 0.0% |
| Distributable reserves | 133 | €139,860 | €159,860 | +€20,000 | +14.3% |
| Profit (loss) carried forward | 14 | €1,248 | €5,860 | +€4,612 | +369% |
| Amounts payable | 17/49 | €217,116 | €202,294 | -€14,822 | -6.8% |
| Amounts payable after more than one year | 17 | €159,902 | €134,715 | -€25,187 | -15.8% |
| Financial debts | 170/4 | €159,902 | €134,715 | -€25,187 | -15.8% |
| Amounts payable within one year | 42/48 | €57,214 | €67,579 | +€10,365 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €24,899 | €30,444 | +€5,545 | +22.3% |
| Trade debts | 44 | €887 | €998 | +€111 | +12.5% |
| Suppliers | 440/4 | €887 | €998 | +€111 | +12.5% |
| Taxes, remuneration and social security | 45 | €31,219 | €32,741 | +€1,522 | +4.9% |
| Taxes | 450/3 | €29,469 | €32,741 | +€3,272 | +11.1% |
| Remuneration and social security | 454/9 | €1,750 | - | -€1,750 | |
| Other amounts payable | 47/48 | €209 | €3,396 | +€3,188 | +1,529% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,465 | €14,203 | -€262 | -1.8% |
| Other operating charges | 640/8 | €2,549 | €2,647 | +€98 | +3.9% |
| Gross operating margin | 9900 | €82,003 | €80,407 | -€1,596 | -1.9% |
| Operating profit (loss) | 9901 | €64,990 | €63,557 | -€1,433 | -2.2% |
| Financial income | 75/76B | €284 | €417 | +€133 | +46.6% |
| Recurring financial income | 75 | €284 | €417 | +€133 | +46.6% |
| Financial charges | 65/66B | €11,588 | €9,903 | -€1,685 | -14.5% |
| Recurring financial charges | 65 | €11,588 | €9,903 | -€1,685 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €53,686 | €54,071 | +€385 | +0.7% |
| Income taxes | 67/77 | €14,383 | €14,459 | +€76 | +0.5% |
| Profit (loss) for the period | 9904 | €39,303 | €39,612 | +€308 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,303 | €39,612 | +€308 | +0.8% |
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 17 October 2026 via checked.be.