SYSTO: 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.
SYSTO
Largest movements
- Receivables within one year -€22,321
down €22,321 (-49.2%), from €45,322 to €23,001
of which Trade receivables: -€33,751
- Intangible fixed assets -€13,187
down €13,187 (-43.6%), from €30,267 to €17,081
- Deferred charges and accrued income +€13,159
new in 2024: €13,159
- Cash -€6,541
no longer reported in 2024 (was €6,541)
mainly Other debts (-€35,629) and Net result for the year (-€22,778)
- Tangible fixed assets -€1,853
down €1,853 (-50.5%), from €3,669 to €1,816
of which Plant, machinery and equipment: -€1,097
- Other debts -€35,629
no longer reported in 2024 (was €35,629)
- Reserves -€22,778
down €22,778 (-73.7%), from €30,921 to €8,143
- Short-term financial debts +€20,000
new in 2024: €20,000
- Trade debts +€18,210
up €18,210 (+878%), from €2,073 to €20,282
- Tax, wage and social debts -€8,210
down €8,210 (-80.2%), from €10,241 to €2,031
- Gross operating margin -€36,691
down €36,691, from €31,644 to -€5,048
- Taxes -€4,409
down €4,409 (-96.9%), from €4,549 to €140
- Depreciation +€2,379
up €2,379 (+18.8%), from €12,661 to €15,040
- Financial charges -€1,089
down €1,089 (-51.3%), from €2,122 to €1,033
- Other operating charges -€343
down €343 (-18.4%), from €1,862 to €1,519
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €88,105 | €57,362 | -€30,742 | -34.9% |
| Fixed assets | 21/28 | €36,242 | €21,202 | -€15,040 | -41.5% |
| Intangible fixed assets | 21 | €30,267 | €17,081 | -€13,187 | -43.6% |
| Tangible fixed assets | 22/27 | €3,669 | €1,816 | -€1,853 | -50.5% |
| Plant, machinery and equipment | 23 | €2,515 | €1,419 | -€1,097 | -43.6% |
| Furniture and vehicles | 24 | €1,154 | €397 | -€757 | -65.6% |
| Financial fixed assets | 28 | €2,306 | €2,306 | = | 0.0% |
| Current assets | 29/58 | €51,862 | €36,160 | -€15,702 | -30.3% |
| Amounts receivable within one year | 40/41 | €45,322 | €23,001 | -€22,321 | -49.2% |
| Trade receivables | 40 | €45,272 | €11,521 | -€33,751 | -74.6% |
| Other amounts receivable | 41 | €50 | €11,480 | +€11,430 | +22,860% |
| Cash at bank and in hand | 54/58 | €6,541 | - | -€6,541 | |
| Deferred charges and accrued income | 490/1 | - | €13,159 | +€13,159 | |
| Total equity and liabilities | 10/49 | €88,105 | €57,362 | -€30,742 | -34.9% |
| Equity | 10/15 | €37,221 | €14,443 | -€22,778 | -61.2% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €30,921 | €8,143 | -€22,778 | -73.7% |
| Distributable reserves | 133 | €30,921 | €8,143 | -€22,778 | -73.7% |
| Amounts payable | 17/49 | €50,884 | €42,919 | -€7,965 | -15.7% |
| Amounts payable within one year | 42/48 | €47,943 | €42,313 | -€5,630 | -11.7% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €2,073 | €20,282 | +€18,210 | +878% |
| Suppliers | 440/4 | €2,073 | €20,282 | +€18,210 | +878% |
| Taxes, remuneration and social security | 45 | €10,241 | €2,031 | -€8,210 | -80.2% |
| Taxes | 450/3 | €10,241 | €2,031 | -€8,210 | -80.2% |
| Other amounts payable | 47/48 | €35,629 | - | -€35,629 | |
| Accrued charges and deferred income | 492/3 | €2,941 | €606 | -€2,334 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,661 | €15,040 | +€2,379 | +18.8% |
| Other operating charges | 640/8 | €1,862 | €1,519 | -€343 | -18.4% |
| Gross operating margin | 9900 | €31,644 | -€5,048 | -€36,691 | |
| Operating profit (loss) | 9901 | €17,121 | -€21,606 | -€38,728 | |
| Financial income | 75/76B | €5 | €1 | -€4 | -76.1% |
| Recurring financial income | 75 | €5 | €1 | -€4 | -76.1% |
| Financial charges | 65/66B | €2,122 | €1,033 | -€1,089 | -51.3% |
| Recurring financial charges | 65 | €2,122 | €1,033 | -€1,089 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €15,005 | -€22,638 | -€37,643 | |
| Income taxes | 67/77 | €4,549 | €140 | -€4,409 | -96.9% |
| Profit (loss) for the period | 9904 | €10,456 | -€22,778 | -€33,234 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,456 | -€22,778 | -€33,234 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.