S.Y.A.: 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.
S.Y.A.
Largest movements
- Tangible fixed assets -€264,884
down €264,884 (-30.5%), from €869,032 to €604,148
of which Land and buildings: -€259,168
- Cash +€102,146
up €102,146 (+137.6%), from €74,241 to €176,387
mainly Investment in fixed assets (net) (+€221,354) and Depreciation (+€43,530)
- Other debts -€107,378
down €107,378 (-98.4%), from €109,137 to €1,759
- Profit (loss) carried forward -€35,063
down €35,063 (-81.0%), from €43,296 to €8,233
- Debts after one year -€25,275
down €25,275 (-3.4%), from €751,161 to €725,885
- Financial charges +€41,392
up €41,392 (+400.2%), from €10,343 to €51,734
- Depreciation +€26,406
up €26,406 (+154.2%), from €17,124 to €43,530
- Staff costs +€21,828
up €21,828 (+52.7%), from €41,430 to €63,258
- Financial income +€20,046
up €20,046 (+20.0%), from €100,000 to €120,046
- Gross operating margin +€13,326
up €13,326 (+80.8%), from €16,500 to €29,826
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 | €947,504 | €782,154 | -€165,350 | -17.5% |
| Fixed assets | 21/28 | €869,032 | €604,148 | -€264,884 | -30.5% |
| Tangible fixed assets | 22/27 | €869,032 | €604,148 | -€264,884 | -30.5% |
| Land and buildings | 22 | €842,011 | €582,843 | -€259,168 | -30.8% |
| Furniture and vehicles | 24 | €27,021 | €21,305 | -€5,716 | -21.2% |
| Current assets | 29/58 | €78,471 | €178,006 | +€99,535 | +126.8% |
| Cash at bank and in hand | 54/58 | €74,241 | €176,387 | +€102,146 | +137.6% |
| Deferred charges and accrued income | 490/1 | €4,230 | €1,619 | -€2,611 | -61.7% |
| Total equity and liabilities | 10/49 | €947,504 | €782,154 | -€165,350 | -17.5% |
| Equity | 10/15 | €53,296 | €18,233 | -€35,063 | -65.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,296 | €8,233 | -€35,063 | -81.0% |
| Amounts payable | 17/49 | €894,208 | €763,921 | -€130,287 | -14.6% |
| Amounts payable after more than one year | 17 | €751,161 | €725,885 | -€25,275 | -3.4% |
| Financial debts | 170/4 | €751,161 | €725,885 | -€25,275 | -3.4% |
| Amounts payable within one year | 42/48 | €143,047 | €37,935 | -€105,112 | -73.5% |
| Current portion of amounts payable after more than one year | 42 | €23,633 | €25,275 | +€1,642 | +6.9% |
| Trade debts | 44 | €1,282 | €679 | -€604 | -47.1% |
| Suppliers | 440/4 | €1,282 | €679 | -€604 | -47.1% |
| Taxes, remuneration and social security | 45 | €8,995 | €10,222 | +€1,227 | +13.6% |
| Taxes | 450/3 | €14 | €170 | +€156 | +1097.1% |
| Remuneration and social security | 454/9 | €8,981 | €10,052 | +€1,071 | +11.9% |
| Other amounts payable | 47/48 | €109,137 | €1,759 | -€107,378 | -98.4% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €41,430 | €63,258 | +€21,828 | +52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,124 | €43,530 | +€26,406 | +154.2% |
| Other operating charges | 640/8 | €4,293 | €12,426 | +€8,133 | +189.5% |
| Non-recurring operating charges | 66A | - | €13,816 | +€13,816 | |
| Gross operating margin | 9900 | €16,500 | €29,826 | +€13,326 | +80.8% |
| Operating profit (loss) | 9901 | -€46,347 | -€103,204 | -€56,857 | -122.7% |
| Financial income | 75/76B | €100,000 | €120,046 | +€20,046 | +20.0% |
| Recurring financial income | 75 | €100,000 | €120,046 | +€20,046 | +20.0% |
| Financial charges | 65/66B | €10,343 | €51,734 | +€41,392 | +400.2% |
| Recurring financial charges | 65 | €10,343 | €51,734 | +€41,392 | +400.2% |
| Profit (loss) for the period before taxes | 9903 | €43,310 | -€34,893 | -€78,203 | |
| Income taxes | 67/77 | €14 | €170 | +€156 | +1097.1% |
| Profit (loss) for the period | 9904 | €43,296 | -€35,063 | -€78,359 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,296 | -€35,063 | -€78,359 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.