Patrick Syroit: 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.
Patrick Syroit
Largest movements
- Stocks and contracts -€7,500
no longer reported in 2025 (was €7,500)
- Cash +€5,327
up €5,327 (+19.7%), from €26,989 to €32,316
mainly Net result for the year (+€7,704) and Stocks and contracts (+€7,500)
- Tangible fixed assets -€3,668
down €3,668 (-43.4%), from €8,457 to €4,789
of which Furniture and vehicles: -€2,587
- Deferred charges and accrued income +€2,329
up €2,329 (+90.5%), from €2,575 to €4,904
- Reserves +€7,704
up €7,704 (+28.3%), from €27,245 to €34,950
- Tax, wage and social debts -€7,476
down €7,476 (-69.3%), from €10,791 to €3,315
- Other debts -€4,714
down €4,714 (-40.1%), from €11,746 to €7,032
- Trade debts +€757
up €757 (+44.4%), from €1,704 to €2,462
- Gross operating margin -€11,262
down €11,262 (-41.1%), from €27,380 to €16,118
- Taxes -€3,017
down €3,017 (-47.6%), from €6,332 to €3,315
- Other operating charges -€1,420
down €1,420 (-66.8%), from €2,125 to €706
- Depreciation +€1,010
up €1,010 (+38.0%), from €2,657 to €3,668
- Financial income -€366
down €366 (-99.5%), from €368 to €2
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 | €52,487 | €48,758 | -€3,728 | -7.1% |
| Fixed assets | 21/28 | €8,458 | €4,790 | -€3,668 | -43.4% |
| Intangible fixed assets | 21 | €1 | €1 | = | 0.0% |
| Tangible fixed assets | 22/27 | €8,457 | €4,789 | -€3,668 | -43.4% |
| Plant, machinery and equipment | 23 | €1,080 | - | -€1,080 | |
| Furniture and vehicles | 24 | €7,377 | €4,789 | -€2,587 | -35.1% |
| Current assets | 29/58 | €44,029 | €43,968 | -€61 | -0.1% |
| Stocks and contracts in progress | 3 | €7,500 | - | -€7,500 | |
| Contracts in progress | 37 | €7,500 | - | -€7,500 | |
| Amounts receivable within one year | 40/41 | €6,965 | €6,748 | -€217 | -3.1% |
| Trade receivables | 40 | €3,360 | €3,222 | -€138 | -4.1% |
| Other amounts receivable | 41 | €3,605 | €3,526 | -€79 | -2.2% |
| Cash at bank and in hand | 54/58 | €26,989 | €32,316 | +€5,327 | +19.7% |
| Deferred charges and accrued income | 490/1 | €2,575 | €4,904 | +€2,329 | +90.5% |
| Total equity and liabilities | 10/49 | €52,487 | €48,758 | -€3,728 | -7.1% |
| Equity | 10/15 | €28,245 | €35,950 | +€7,704 | +27.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,245 | €34,950 | +€7,704 | +28.3% |
| Distributable reserves | 133 | €27,245 | €34,950 | +€7,704 | +28.3% |
| Amounts payable | 17/49 | €24,241 | €12,809 | -€11,433 | -47.2% |
| Amounts payable within one year | 42/48 | €24,241 | €12,809 | -€11,433 | -47.2% |
| Trade debts | 44 | €1,704 | €2,462 | +€757 | +44.4% |
| Suppliers | 440/4 | €1,704 | €2,462 | +€757 | +44.4% |
| Taxes, remuneration and social security | 45 | €10,791 | €3,315 | -€7,476 | -69.3% |
| Taxes | 450/3 | €10,791 | €3,315 | -€7,476 | -69.3% |
| Other amounts payable | 47/48 | €11,746 | €7,032 | -€4,714 | -40.1% |
| Remuneration, social security and pensions | 62 | €251 | €537 | +€286 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,657 | €3,668 | +€1,010 | +38.0% |
| Other operating charges | 640/8 | €2,125 | €706 | -€1,420 | -66.8% |
| Gross operating margin | 9900 | €27,380 | €16,118 | -€11,262 | -41.1% |
| Operating profit (loss) | 9901 | €22,346 | €11,208 | -€11,139 | -49.8% |
| Financial income | 75/76B | €368 | €2 | -€366 | -99.5% |
| Recurring financial income | 75 | €368 | €2 | -€366 | -99.5% |
| Financial charges | 65/66B | €330 | €190 | -€140 | -42.4% |
| Recurring financial charges | 65 | €330 | €190 | -€140 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €22,384 | €11,020 | -€11,365 | -50.8% |
| Income taxes | 67/77 | €6,332 | €3,315 | -€3,017 | -47.6% |
| Profit (loss) for the period | 9904 | €16,053 | €7,704 | -€8,348 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,053 | €7,704 | -€8,348 | -52.0% |
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 19 October 2026 via checked.be.