Warehouse Systems Integrators: what changed
Two fiscal 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.
Warehouse Systems Integrators
Largest movements
- Receivables within one year +€144,088
up €144,088 (+44.3%), from €325,606 to €469,694
of which Trade receivables: +€157,237
- Cash +€89,763
up €89,763 (+11.2%), from €799,023 to €888,785
mainly Net result for the year (+€343,101) and Trade debts (+€47,173)
- Deferred charges and accrued income -€30,303
down €30,303 (-66.8%), from €45,379 to €15,077
- Tangible fixed assets -€28,030
down €28,030 (-29.7%), from €94,440 to €66,410
of which Leasing and similar rights: -€30,130
- Reserves +€243,101
up €243,101 (+121.9%), from €199,463 to €442,564
of which Distributable reserves: +€243,101
- Debts after one year -€60,730
down €60,730 (-32.1%), from €189,404 to €128,674
- Short-term financial debts -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Trade debts +€47,173
up €47,173 (+30.4%), from €155,270 to €202,442
- Other debts -€39,912
down €39,912 (-26.3%), from €151,656 to €111,744
- Staff costs -€33,900
down €33,900 (-5.7%), from €590,309 to €556,409
- Taxes +€27,543
up €27,543 (+29.7%), from €92,853 to €120,396
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 | €1,265,385 | €1,440,903 | +€175,518 | +13.9% |
| Fixed assets | 21/28 | €95,377 | €67,347 | -€28,030 | -29.4% |
| Tangible fixed assets | 22/27 | €94,440 | €66,410 | -€28,030 | -29.7% |
| Plant, machinery and equipment | 23 | €147 | €0 | -€147 | -100.0% |
| Furniture and vehicles | 24 | €17,961 | €23,324 | +€5,364 | +29.9% |
| Leasing and similar rights | 25 | €54,977 | €24,846 | -€30,130 | -54.8% |
| Other tangible fixed assets | 26 | €21,356 | €18,240 | -€3,116 | -14.6% |
| Financial fixed assets | 28 | €937 | €937 | = | 0.0% |
| Current assets | 29/58 | €1,170,008 | €1,373,556 | +€203,548 | +17.4% |
| Amounts receivable within one year | 40/41 | €325,606 | €469,694 | +€144,088 | +44.3% |
| Trade receivables | 40 | €310,190 | €467,427 | +€157,237 | +50.7% |
| Other amounts receivable | 41 | €15,417 | €2,267 | -€13,150 | -85.3% |
| Cash at bank and in hand | 54/58 | €799,023 | €888,785 | +€89,763 | +11.2% |
| Deferred charges and accrued income | 490/1 | €45,379 | €15,077 | -€30,303 | -66.8% |
| Total equity and liabilities | 10/49 | €1,265,385 | €1,440,903 | +€175,518 | +13.9% |
| Equity | 10/15 | €491,312 | €734,413 | +€243,101 | +49.5% |
| Contributions | 10/11 | €28,153 | €28,153 | = | 0.0% |
| Reserves | 13 | €199,463 | €442,564 | +€243,101 | +121.9% |
| Tax-exempt reserves | 132 | €2,177 | €2,177 | = | 0.0% |
| Distributable reserves | 133 | €197,286 | €440,387 | +€243,101 | +123.2% |
| Profit (loss) carried forward | 14 | €263,696 | €263,696 | = | 0.0% |
| Amounts payable | 17/49 | €774,073 | €706,490 | -€67,583 | -8.7% |
| Amounts payable after more than one year | 17 | €189,404 | €128,674 | -€60,730 | -32.1% |
| Financial debts | 170/4 | €189,404 | €128,674 | -€60,730 | -32.1% |
| Amounts payable within one year | 42/48 | €584,669 | €577,817 | -€6,853 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €42,381 | €60,730 | +€18,349 | +43.3% |
| Financial debts | 43 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Credit institutions | 430/8 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Trade debts | 44 | €155,270 | €202,442 | +€47,173 | +30.4% |
| Suppliers | 440/4 | €155,270 | €202,442 | +€47,173 | +30.4% |
| Taxes, remuneration and social security | 45 | €85,362 | €102,900 | +€17,538 | +20.5% |
| Taxes | 450/3 | €14,427 | €6,949 | -€7,478 | -51.8% |
| Remuneration and social security | 454/9 | €70,935 | €95,951 | +€25,016 | +35.3% |
| Other amounts payable | 47/48 | €151,656 | €111,744 | -€39,912 | -26.3% |
| Remuneration, social security and pensions | 62 | €590,309 | €556,409 | -€33,900 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,861 | €37,234 | +€3,373 | +10.0% |
| Other operating charges | 640/8 | €4,943 | €3,825 | -€1,118 | -22.6% |
| Gross operating margin | 9900 | €1,077,867 | €1,080,194 | +€2,326 | +0.2% |
| Operating profit (loss) | 9901 | €448,755 | €482,725 | +€33,971 | +7.6% |
| Financial income | 75/76B | €343 | €248 | -€95 | -27.6% |
| Recurring financial income | 75 | €343 | €248 | -€95 | -27.6% |
| Financial charges | 65/66B | €18,959 | €19,477 | +€518 | +2.7% |
| Recurring financial charges | 65 | €18,959 | €19,477 | +€518 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | €430,139 | €463,497 | +€33,358 | +7.8% |
| Income taxes | 67/77 | €92,853 | €120,396 | +€27,543 | +29.7% |
| Profit (loss) for the period | 9904 | €337,286 | €343,101 | +€5,815 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €337,286 | €343,101 | +€5,815 | +1.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.