SYSTEO: 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.
SYSTEO
Largest movements
- Cash +€30,287
up €30,287 (+208.8%), from €14,507 to €44,794
mainly Debts after one year (+€67,320) and Net result for the year (+€37,297)
- Receivables within one year +€23,543
up €23,543 (+49.0%), from €48,062 to €71,605
of which Trade receivables: +€21,161
- Financial fixed assets +€20,000
up €20,000 (+2500.0%), from €800 to €20,800
- Tangible fixed assets -€12,204
down €12,204 (-12.8%), from €95,399 to €83,196
of which Furniture and vehicles: -€10,436
- Deferred charges and accrued income +€8,424
up €8,424 (+194.4%), from €4,333 to €12,757
- Debts after one year +€67,320
up €67,320 (+28.7%), from €234,903 to €302,223
of which Other amounts payable: +€74,392
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Profit (loss) carried forward +€37,297
up €37,297 (+18.8%), from -€198,529 to -€161,232
- Tax, wage and social debts +€15,323
up €15,323 (+41.0%), from €37,413 to €52,737
of which Taxes: +€16,961
- Trade debts -€7,268
down €7,268 (-31.1%), from €23,371 to €16,103
- Gross operating margin +€44,549
up €44,549 (+50.2%), from €88,775 to €133,324
- Depreciation +€11,304
up €11,304 (+105.3%), from €10,732 to €22,035
- Other operating charges +€10,452
up €10,452 (+399.3%), from €2,618 to €13,069
- Financial charges -€2,478
down €2,478 (-28.8%), from €8,590 to €6,112
- Financial income +€2,358
up €2,358 (+1095.6%), from €215 to €2,573
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 | €172,511 | €236,750 | +€64,238 | +37.2% |
| Fixed assets | 21/28 | €96,199 | €103,996 | +€7,796 | +8.1% |
| Tangible fixed assets | 22/27 | €95,399 | €83,196 | -€12,204 | -12.8% |
| Plant, machinery and equipment | 23 | €2,588 | €5,269 | +€2,682 | +103.6% |
| Furniture and vehicles | 24 | €48,565 | €38,129 | -€10,436 | -21.5% |
| Leasing and similar rights | 25 | €36,582 | €27,734 | -€8,849 | -24.2% |
| Other tangible fixed assets | 26 | €7,665 | €12,064 | +€4,399 | +57.4% |
| Financial fixed assets | 28 | €800 | €20,800 | +€20,000 | +2500.0% |
| Current assets | 29/58 | €76,312 | €132,754 | +€56,442 | +74.0% |
| Stocks and contracts in progress | 3 | €9,410 | €3,599 | -€5,812 | -61.8% |
| Stocks | 30/36 | €9,410 | €3,599 | -€5,812 | -61.8% |
| Amounts receivable within one year | 40/41 | €48,062 | €71,605 | +€23,543 | +49.0% |
| Trade receivables | 40 | €48,062 | €69,223 | +€21,161 | +44.0% |
| Other amounts receivable | 41 | - | €2,382 | +€2,382 | |
| Cash at bank and in hand | 54/58 | €14,507 | €44,794 | +€30,287 | +208.8% |
| Deferred charges and accrued income | 490/1 | €4,333 | €12,757 | +€8,424 | +194.4% |
| Total equity and liabilities | 10/49 | €172,511 | €236,750 | +€64,238 | +37.2% |
| Equity | 10/15 | -€179,979 | -€142,682 | +€37,297 | +20.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€198,529 | -€161,232 | +€37,297 | +18.8% |
| Amounts payable | 17/49 | €352,490 | €379,431 | +€26,941 | +7.6% |
| Amounts payable after more than one year | 17 | €234,903 | €302,223 | +€67,320 | +28.7% |
| Financial debts | 170/4 | €23,046 | €15,974 | -€7,072 | -30.7% |
| Other amounts payable | 178/9 | €211,857 | €286,249 | +€74,392 | +35.1% |
| Amounts payable within one year | 42/48 | €117,497 | €75,912 | -€41,585 | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €6,713 | €7,072 | +€360 | +5.4% |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €23,371 | €16,103 | -€7,268 | -31.1% |
| Suppliers | 440/4 | €23,371 | €16,103 | -€7,268 | -31.1% |
| Taxes, remuneration and social security | 45 | €37,413 | €52,737 | +€15,323 | +41.0% |
| Taxes | 450/3 | €26,808 | €43,769 | +€16,961 | +63.3% |
| Remuneration and social security | 454/9 | €10,605 | €8,967 | -€1,637 | -15.4% |
| Accrued charges and deferred income | 492/3 | €90 | €1,296 | +€1,206 | +1333.0% |
| Remuneration, social security and pensions | 62 | €54,621 | €56,608 | +€1,987 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,732 | €22,035 | +€11,304 | +105.3% |
| Other operating charges | 640/8 | €2,618 | €13,069 | +€10,452 | +399.3% |
| Gross operating margin | 9900 | €88,775 | €133,324 | +€44,549 | +50.2% |
| Operating profit (loss) | 9901 | €20,805 | €41,612 | +€20,807 | +100.0% |
| Financial income | 75/76B | €215 | €2,573 | +€2,358 | +1095.6% |
| Recurring financial income | 75 | €215 | €2,573 | +€2,358 | +1095.6% |
| Financial charges | 65/66B | €8,590 | €6,112 | -€2,478 | -28.8% |
| Recurring financial charges | 65 | €8,590 | €6,112 | -€2,478 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | €12,431 | €38,074 | +€25,643 | +206.3% |
| Income taxes | 67/77 | €816 | €776 | -€39 | -4.8% |
| Profit (loss) for the period | 9904 | €11,615 | €37,297 | +€25,682 | +221.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,615 | €37,297 | +€25,682 | +221.1% |
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 11 October 2026 via checked.be.