S&Y SERVICES: 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 SERVICES
Largest movements
- Cash -€84,740
down €84,740 (-74.8%), from €113,257 to €28,517
mainly Trade debts (-€91,430) and Net result for the year (-€15,476)
- Receivables within one year -€22,202
down €22,202 (-28.0%), from €79,175 to €56,972
of which Trade receivables: -€21,493
- Intangible fixed assets -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Trade debts -€91,430
down €91,430 (-46.1%), from €198,223 to €106,793
- Profit (loss) carried forward -€15,476
down €15,476 (-75.9%), from €20,381 to €4,904
- Tax, wage and social debts -€8,810
down €8,810 (-91.8%), from €9,602 to €792
of which Taxes: -€8,078
- Gross operating margin -€51,896
down €51,896 (-80.2%), from €64,670 to €12,774
- Staff costs -€9,701
down €9,701 (-42.1%), from €23,029 to €13,328
- Taxes -€6,794
down €6,794 (-100.0%), from €6,794 to €0
- Other operating charges +€3,672
up €3,672 (+465.4%), from €789 to €4,461
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 | €233,190 | €115,489 | -€117,701 | -50.5% |
| Fixed assets | 21/28 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Intangible fixed assets | 21 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Current assets | 29/58 | €193,190 | €85,489 | -€107,701 | -55.7% |
| Amounts receivable within one year | 40/41 | €79,175 | €56,972 | -€22,202 | -28.0% |
| Trade receivables | 40 | €63,562 | €42,070 | -€21,493 | -33.8% |
| Other amounts receivable | 41 | €15,612 | €14,903 | -€709 | -4.5% |
| Cash at bank and in hand | 54/58 | €113,257 | €28,517 | -€84,740 | -74.8% |
| Deferred charges and accrued income | 490/1 | €759 | €0 | -€759 | -100.0% |
| Total equity and liabilities | 10/49 | €233,190 | €115,489 | -€117,701 | -50.5% |
| Equity | 10/15 | €23,381 | €7,904 | -€15,476 | -66.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,381 | €4,904 | -€15,476 | -75.9% |
| Amounts payable | 17/49 | €209,810 | €107,585 | -€102,225 | -48.7% |
| Amounts payable within one year | 42/48 | €209,810 | €107,585 | -€102,225 | -48.7% |
| Trade debts | 44 | €198,223 | €106,793 | -€91,430 | -46.1% |
| Suppliers | 440/4 | €198,223 | €106,793 | -€91,430 | -46.1% |
| Taxes, remuneration and social security | 45 | €9,602 | €792 | -€8,810 | -91.8% |
| Taxes | 450/3 | €8,078 | €0 | -€8,078 | -100.0% |
| Remuneration and social security | 454/9 | €1,524 | €792 | -€732 | -48.0% |
| Other amounts payable | 47/48 | €1,985 | €0 | -€1,985 | -100.0% |
| Remuneration, social security and pensions | 62 | €23,029 | €13,328 | -€9,701 | -42.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,000 | €10,000 | = | 0.0% |
| Other operating charges | 640/8 | €789 | €4,461 | +€3,672 | +465.4% |
| Gross operating margin | 9900 | €64,670 | €12,774 | -€51,896 | -80.2% |
| Operating profit (loss) | 9901 | €30,852 | -€15,015 | -€45,867 | |
| Financial income | 75/76B | €30 | €0 | -€30 | -99.9% |
| Recurring financial income | 75 | €30 | €0 | -€30 | -99.9% |
| Financial charges | 65/66B | €715 | €461 | -€254 | -35.5% |
| Recurring financial charges | 65 | €715 | €461 | -€254 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €30,167 | -€15,476 | -€45,643 | |
| Income taxes | 67/77 | €6,794 | €0 | -€6,794 | -100.0% |
| Profit (loss) for the period | 9904 | €23,373 | -€15,476 | -€38,850 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,373 | -€15,476 | -€38,850 |
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 12 October 2026 via checked.be.