SYSTEMS4MEDIA: 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.
SYSTEMS4MEDIA
Largest movements
- Receivables within one year +€96,395
up €96,395 (+197%), from €48,971 to €145,366
of which Trade receivables: +€95,920
- Cash +€48,141
up €48,141 (+26,656%), from €181 to €48,321
mainly Net result for the year (+€84,271) and Other debts (+€42,826)
- Profit (loss) carried forward +€72,472
no longer reported in 2025 (was -€72,472)
- Other debts +€42,826
up €42,826 (+81.6%), from €52,473 to €95,299
- Tax, wage and social debts +€16,231
up €16,231 (+4,438%), from €366 to €16,597
- Reserves +€11,799
up €11,799 (+25.6%), from €46,130 to €57,929
- Gross operating margin +€114,303
up €114,303, from -€21,460 to €92,844
- Taxes +€6,190
up €6,190 (+3,019%), from €205 to €6,395
- Staff costs +€956
new in 2025: €956
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 | €52,134 | €195,795 | +€143,661 | +276% |
| Fixed assets | 21/28 | €2,982 | €2,108 | -€874 | -29.3% |
| Tangible fixed assets | 22/27 | €2,982 | €2,108 | -€874 | -29.3% |
| Plant, machinery and equipment | 23 | €1,396 | €759 | -€638 | -45.7% |
| Furniture and vehicles | 24 | €1,586 | €1,349 | -€237 | -14.9% |
| Current assets | 29/58 | €49,151 | €193,687 | +€144,536 | +294% |
| Amounts receivable within one year | 40/41 | €48,971 | €145,366 | +€96,395 | +197% |
| Trade receivables | 40 | €48,841 | €144,761 | +€95,920 | +196% |
| Other amounts receivable | 41 | €130 | €605 | +€475 | +366% |
| Cash at bank and in hand | 54/58 | €181 | €48,321 | +€48,141 | +26,656% |
| Total equity and liabilities | 10/49 | €52,134 | €195,795 | +€143,661 | +276% |
| Equity | 10/15 | -€7,742 | €76,529 | +€84,271 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,130 | €57,929 | +€11,799 | +25.6% |
| Distributable reserves | 133 | €46,130 | €57,929 | +€11,799 | +25.6% |
| Profit (loss) carried forward | 14 | -€72,472 | - | +€72,472 | |
| Amounts payable | 17/49 | €59,876 | €119,266 | +€59,390 | +99.2% |
| Amounts payable within one year | 42/48 | €59,876 | €119,266 | +€59,390 | +99.2% |
| Trade debts | 44 | €7,037 | €7,370 | +€333 | +4.7% |
| Suppliers | 440/4 | €7,037 | €7,370 | +€333 | +4.7% |
| Taxes, remuneration and social security | 45 | €366 | €16,597 | +€16,231 | +4,438% |
| Taxes | 450/3 | €366 | €16,597 | +€16,231 | +4,438% |
| Other amounts payable | 47/48 | €52,473 | €95,299 | +€42,826 | +81.6% |
| Remuneration, social security and pensions | 62 | - | €956 | +€956 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,306 | €874 | -€431 | -33.0% |
| Other operating charges | 640/8 | €806 | €225 | -€581 | -72.0% |
| Gross operating margin | 9900 | -€21,460 | €92,844 | +€114,303 | |
| Operating profit (loss) | 9901 | -€23,571 | €90,788 | +€114,360 | |
| Financial charges | 65/66B | €116 | €122 | +€6 | +5.0% |
| Recurring financial charges | 65 | €116 | €122 | +€6 | +5.0% |
| Profit (loss) for the period before taxes | 9903 | -€23,688 | €90,666 | +€114,354 | |
| Income taxes | 67/77 | €205 | €6,395 | +€6,190 | +3,019% |
| Profit (loss) for the period | 9904 | -€23,893 | €84,271 | +€108,164 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,893 | €84,271 | +€108,164 |
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 28 October 2026 via checked.be.