Sytech: 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.
Sytech
Largest movements
- Tangible fixed assets -€69,777
down €69,777 (-37.8%), from €184,739 to €114,963
- Cash +€54,559
up €54,559 (+18.4%), from €297,040 to €351,600
mainly Depreciation (+€69,777) and Trade debts (+€6,593)
- Receivables within one year +€10,858
up €10,858 (+51.4%), from €21,137 to €31,995
of which Trade receivables: +€10,955
- Profit (loss) carried forward -€15,057
down €15,057 (-937%), from -€1,607 to -€16,664
- Trade debts +€6,593
up €6,593 (+3,022%), from €218 to €6,811
- Gross operating margin -€43,073
down €43,073 (-39.5%), from €109,182 to €66,109
- Staff costs +€10,651
new in 2025: €10,651
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 | €503,081 | €498,622 | -€4,459 | -0.9% |
| Fixed assets | 21/28 | €184,739 | €115,028 | -€69,712 | -37.7% |
| Tangible fixed assets | 22/27 | €184,739 | €114,963 | -€69,777 | -37.8% |
| Plant, machinery and equipment | 23 | €184,739 | €114,963 | -€69,777 | -37.8% |
| Financial fixed assets | 28 | - | €65 | +€65 | |
| Current assets | 29/58 | €318,342 | €383,595 | +€65,253 | +20.5% |
| Amounts receivable within one year | 40/41 | €21,137 | €31,995 | +€10,858 | +51.4% |
| Trade receivables | 40 | €21,040 | €31,995 | +€10,955 | +52.1% |
| Other amounts receivable | 41 | €97 | €0 | -€97 | -100% |
| Cash at bank and in hand | 54/58 | €297,040 | €351,600 | +€54,559 | +18.4% |
| Deferred charges and accrued income | 490/1 | €164 | €0 | -€164 | -100% |
| Total equity and liabilities | 10/49 | €503,081 | €498,622 | -€4,459 | -0.9% |
| Equity | 10/15 | €493,393 | €478,336 | -€15,057 | -3.1% |
| Contributions | 10/11 | €495,000 | €495,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,607 | -€16,664 | -€15,057 | -937% |
| Amounts payable | 17/49 | €9,688 | €20,286 | +€10,598 | +109% |
| Amounts payable within one year | 42/48 | €9,688 | €20,286 | +€10,598 | +109% |
| Trade debts | 44 | €218 | €6,811 | +€6,593 | +3,022% |
| Suppliers | 440/4 | €218 | €6,811 | +€6,593 | +3,022% |
| Taxes, remuneration and social security | 45 | €5,270 | €9,275 | +€4,005 | +76.0% |
| Taxes | 450/3 | €5,270 | €6,597 | +€1,328 | +25.2% |
| Remuneration and social security | 454/9 | - | €2,678 | +€2,678 | |
| Other amounts payable | 47/48 | €4,200 | €4,200 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | €10,651 | +€10,651 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,777 | €69,777 | -€0 | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €109,182 | €66,109 | -€43,073 | -39.5% |
| Operating profit (loss) | 9901 | €38,878 | -€14,862 | -€53,740 | |
| Financial charges | 65/66B | €218 | €195 | -€22 | -10.3% |
| Recurring financial charges | 65 | €218 | €195 | -€22 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | €38,660 | -€15,057 | -€53,717 | |
| Profit (loss) for the period | 9904 | €38,660 | -€15,057 | -€53,717 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,660 | -€15,057 | -€53,717 |
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 17 October 2026 via checked.be.