SYSVAN: 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.
SYSVAN
Largest movements
- Tangible fixed assets -€31,045
down €31,045 (-4.1%), from €752,437 to €721,391
of which Land and buildings: -€31,734
- Receivables within one year +€21,738
up €21,738 (+57.4%), from €37,864 to €59,602
of which Trade receivables: +€23,377
- Deferred charges and accrued income -€21,023
down €21,023 (-77.1%), from €27,264 to €6,241
- Trade debts -€15,893
down €15,893 (-73.3%), from €21,695 to €5,802
- Tax, wage and social debts -€13,935
down €13,935 (-27.1%), from €51,448 to €37,514
of which Taxes: -€16,323
- Other debts -€10,883
down €10,883 (-6.4%), from €169,000 to €158,117
- Gross operating margin +€11,487
up €11,487 (+4.3%), from €270,139 to €281,626
- Staff costs +€8,121
up €8,121 (+4.0%), from €201,697 to €209,817
- Financial charges +€3,789
up €3,789 (+20.4%), from €18,568 to €22,357
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 | €819,480 | €789,147 | -€30,333 | -3.7% |
| Fixed assets | 21/28 | €752,437 | €721,391 | -€31,045 | -4.1% |
| Tangible fixed assets | 22/27 | €752,437 | €721,391 | -€31,045 | -4.1% |
| Land and buildings | 22 | €742,913 | €711,179 | -€31,734 | -4.3% |
| Plant, machinery and equipment | 23 | €3,232 | €7,887 | +€4,655 | +144% |
| Furniture and vehicles | 24 | €2,367 | €1,836 | -€531 | -22.4% |
| Leasing and similar rights | 25 | €3,925 | €489 | -€3,435 | -87.5% |
| Current assets | 29/58 | €67,043 | €67,756 | +€712 | +1.1% |
| Amounts receivable within one year | 40/41 | €37,864 | €59,602 | +€21,738 | +57.4% |
| Trade receivables | 40 | €36,169 | €59,546 | +€23,377 | +64.6% |
| Other amounts receivable | 41 | €1,696 | €56 | -€1,640 | -96.7% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,915 | €1,913 | -€2 | -0.1% |
| Deferred charges and accrued income | 490/1 | €27,264 | €6,241 | -€21,023 | -77.1% |
| Total equity and liabilities | 10/49 | €819,480 | €789,147 | -€30,333 | -3.7% |
| Equity | 10/15 | €248,781 | €249,928 | +€1,147 | +0.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €230,031 | €231,178 | +€1,147 | +0.5% |
| Distributable reserves | 133 | €230,031 | €231,178 | +€1,147 | +0.5% |
| Amounts payable | 17/49 | €570,700 | €539,219 | -€31,480 | -5.5% |
| Amounts payable after more than one year | 17 | €305,526 | €299,948 | -€5,578 | -1.8% |
| Financial debts | 170/4 | €305,526 | €299,948 | -€5,578 | -1.8% |
| Amounts payable within one year | 42/48 | €265,010 | €231,408 | -€33,602 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €22,867 | €29,975 | +€7,108 | +31.1% |
| Trade debts | 44 | €21,695 | €5,802 | -€15,893 | -73.3% |
| Suppliers | 440/4 | €21,695 | €5,802 | -€15,893 | -73.3% |
| Taxes, remuneration and social security | 45 | €51,448 | €37,514 | -€13,935 | -27.1% |
| Taxes | 450/3 | €32,638 | €16,314 | -€16,323 | -50.0% |
| Remuneration and social security | 454/9 | €18,811 | €21,199 | +€2,389 | +12.7% |
| Other amounts payable | 47/48 | €169,000 | €158,117 | -€10,883 | -6.4% |
| Accrued charges and deferred income | 492/3 | €164 | €7,863 | +€7,699 | +4,703% |
| Remuneration, social security and pensions | 62 | €201,697 | €209,817 | +€8,121 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,230 | €43,700 | -€530 | -1.2% |
| Other operating charges | 640/8 | €2,443 | €3,302 | +€859 | +35.2% |
| Gross operating margin | 9900 | €270,139 | €281,626 | +€11,487 | +4.3% |
| Operating profit (loss) | 9901 | €21,770 | €24,807 | +€3,037 | +14.0% |
| Financial charges | 65/66B | €18,568 | €22,357 | +€3,789 | +20.4% |
| Recurring financial charges | 65 | €18,568 | €22,357 | +€3,789 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €3,202 | €2,450 | -€752 | -23.5% |
| Income taxes | 67/77 | €1,457 | €1,303 | -€154 | -10.6% |
| Profit (loss) for the period | 9904 | €1,745 | €1,147 | -€598 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,745 | €1,147 | -€598 | -34.3% |
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 13 October 2026 via checked.be.