S&Y GROUP: 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.
S&Y GROUP
Largest movements
- Tangible fixed assets -€58,153
down €58,153 (-23.5%), from €247,624 to €189,471
of which Other tangible fixed assets: -€39,436
- Cash -€7,361
down €7,361 (-5.9%), from €124,555 to €117,194
mainly Debts after one year (-€49,980) and Other debts (-€48,500)
- Receivables within one year -€5,064
down €5,064 (-12.0%), from €42,272 to €37,208
of which Trade receivables: -€3,368
- Debts after one year -€49,980
down €49,980 (-32.1%), from €155,465 to €105,486
- Other debts -€48,500
down €48,500 (-59.1%), from €82,000 to €33,500
- Trade debts +€30,062
up €30,062 (+20.0%), from €150,611 to €180,673
- Profit (loss) carried forward -€7,542
down €7,542 (-46.1%), from €16,374 to €8,832
- Turnover -€1.8m
no longer reported in 2025 (was €1.8m)
- Purchases and services -€1.7m
no longer reported in 2025 (was €1.7m)
- Staff costs -€44,831
down €44,831 (-32.0%), from €140,152 to €95,320
- Gross operating margin -€29,367
down €29,367 (-12.3%), from €239,197 to €209,831
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 | €490,476 | €421,063 | -€69,413 | -14.2% |
| Fixed assets | 21/28 | €247,624 | €189,471 | -€58,153 | -23.5% |
| Tangible fixed assets | 22/27 | €247,624 | €189,471 | -€58,153 | -23.5% |
| Plant, machinery and equipment | 23 | €8,915 | €7,065 | -€1,851 | -20.8% |
| Furniture and vehicles | 24 | €65,383 | €48,516 | -€16,866 | -25.8% |
| Other tangible fixed assets | 26 | €173,326 | €133,890 | -€39,436 | -22.8% |
| Current assets | 29/58 | €242,852 | €231,592 | -€11,260 | -4.6% |
| Stocks and contracts in progress | 3 | €70,677 | €70,677 | = | 0.0% |
| Stocks | 30/36 | €70,677 | €70,677 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,272 | €37,208 | -€5,064 | -12.0% |
| Trade receivables | 40 | €4,308 | €940 | -€3,368 | -78.2% |
| Other amounts receivable | 41 | €37,964 | €36,268 | -€1,697 | -4.5% |
| Cash at bank and in hand | 54/58 | €124,555 | €117,194 | -€7,361 | -5.9% |
| Deferred charges and accrued income | 490/1 | €5,348 | €6,513 | +€1,165 | +21.8% |
| Total equity and liabilities | 10/49 | €490,476 | €421,063 | -€69,413 | -14.2% |
| Equity | 10/15 | €30,442 | €22,901 | -€7,542 | -24.8% |
| Contributions | 10/11 | €12,790 | €12,790 | = | 0.0% |
| Reserves | 13 | €1,279 | €1,279 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,279 | €1,279 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,374 | €8,832 | -€7,542 | -46.1% |
| Amounts payable | 17/49 | €460,034 | €398,162 | -€61,871 | -13.4% |
| Amounts payable after more than one year | 17 | €155,465 | €105,486 | -€49,980 | -32.1% |
| Financial debts | 170/4 | €155,465 | €105,486 | -€49,980 | -32.1% |
| Amounts payable within one year | 42/48 | €302,238 | €290,349 | -€11,889 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €48,317 | €49,980 | +€1,663 | +3.4% |
| Trade debts | 44 | €150,611 | €180,673 | +€30,062 | +20.0% |
| Suppliers | 440/4 | €150,611 | €180,673 | +€30,062 | +20.0% |
| Taxes, remuneration and social security | 45 | €21,310 | €26,196 | +€4,886 | +22.9% |
| Taxes | 450/3 | €8,584 | €14,493 | +€5,908 | +68.8% |
| Remuneration and social security | 454/9 | €12,726 | €11,703 | -€1,023 | -8.0% |
| Other amounts payable | 47/48 | €82,000 | €33,500 | -€48,500 | -59.1% |
| Accrued charges and deferred income | 492/3 | €2,330 | €2,328 | -€3 | -0.1% |
| Turnover | 70 | €1,842,718 | - | -€1.8m | |
| Non-recurring operating income | 76A | €0 | €2,000 | +€2,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,668,172 | - | -€1.7m | |
| Remuneration, social security and pensions | 62 | €140,152 | €95,320 | -€44,831 | -32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,231 | €61,890 | +€8,659 | +16.3% |
| Other operating charges | 640/8 | €9,744 | €2,483 | -€7,261 | -74.5% |
| Gross operating margin | 9900 | €239,197 | €209,831 | -€29,367 | -12.3% |
| Operating profit (loss) | 9901 | €36,071 | €50,137 | +€14,066 | +39.0% |
| Financial income | 75/76B | €2,024 | €1,958 | -€65 | -3.2% |
| Recurring financial income | 75 | €2,024 | €1,958 | -€65 | -3.2% |
| Financial charges | 65/66B | €13,730 | €19,645 | +€5,915 | +43.1% |
| Recurring financial charges | 65 | €13,730 | €19,645 | +€5,915 | +43.1% |
| Profit (loss) for the period before taxes | 9903 | €24,365 | €32,451 | +€8,086 | +33.2% |
| Income taxes | 67/77 | €1,916 | €9,993 | +€8,077 | +422% |
| Profit (loss) for the period | 9904 | €22,450 | €22,458 | +€9 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,450 | €22,458 | +€9 | 0.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.