SFYNX: 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.
SFYNX
Largest movements
- Receivables within one year -€90,323
down €90,323 (-17.4%), from €518,096 to €427,773
of which Other amounts receivable: -€120,919
- Cash +€36,998
up €36,998 (+36.0%), from €102,760 to €139,758
mainly Receivables within one year (+€90,323) and Net result for the year (+€44,865)
- Current investments -€25,000
down €25,000 (-50.0%), from €50,000 to €25,000
- Reserves -€97,135
down €97,135 (-12.7%), from €762,860 to €665,725
of which Distributable reserves: -€98,995
- Other debts +€14,304
new in 2025: €14,304
- Gross operating margin +€25,980
up €25,980 (+63.1%), from €41,166 to €67,146
- Financial income -€10,255
down €10,255 (-81.5%), from €12,575 to €2,321
- Taxes +€7,144
up €7,144 (+55.4%), from €12,896 to €20,039
- Depreciation -€3,705
down €3,705 (-47.2%), from €7,842 to €4,137
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 | €792,554 | €710,091 | -€82,462 | -10.4% |
| Fixed assets | 21/28 | €121,698 | €117,561 | -€4,137 | -3.4% |
| Tangible fixed assets | 22/27 | €4,933 | €796 | -€4,137 | -83.9% |
| Furniture and vehicles | 24 | €4,933 | €796 | -€4,137 | -83.9% |
| Financial fixed assets | 28 | €116,765 | €116,765 | = | 0.0% |
| Current assets | 29/58 | €670,856 | €592,531 | -€78,325 | -11.7% |
| Amounts receivable within one year | 40/41 | €518,096 | €427,773 | -€90,323 | -17.4% |
| Trade receivables | 40 | €385,062 | €415,658 | +€30,596 | +7.9% |
| Other amounts receivable | 41 | €133,034 | €12,115 | -€120,919 | -90.9% |
| Current investments | 50/53 | €50,000 | €25,000 | -€25,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €102,760 | €139,758 | +€36,998 | +36.0% |
| Total equity and liabilities | 10/49 | €792,554 | €710,091 | -€82,462 | -10.4% |
| Equity | 10/15 | €776,702 | €679,567 | -€97,135 | -12.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €762,860 | €665,725 | -€97,135 | -12.7% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Own shares acquired | 1312 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €762,860 | €663,865 | -€98,995 | -13.0% |
| Profit (loss) carried forward | 14 | €1,342 | €1,342 | = | 0.0% |
| Amounts payable | 17/49 | €15,852 | €30,524 | +€14,672 | +92.6% |
| Amounts payable within one year | 42/48 | €15,852 | €30,524 | +€14,672 | +92.6% |
| Trade debts | 44 | €5,865 | - | -€5,865 | |
| Suppliers | 440/4 | €5,865 | - | -€5,865 | |
| Taxes, remuneration and social security | 45 | €9,987 | €16,220 | +€6,233 | +62.4% |
| Taxes | 450/3 | €7,037 | €16,220 | +€9,183 | +130.5% |
| Remuneration and social security | 454/9 | €2,950 | - | -€2,950 | |
| Other amounts payable | 47/48 | - | €14,304 | +€14,304 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,842 | €4,137 | -€3,705 | -47.2% |
| Other operating charges | 640/8 | €657 | €359 | -€298 | -45.4% |
| Gross operating margin | 9900 | €41,166 | €67,146 | +€25,980 | +63.1% |
| Operating profit (loss) | 9901 | €32,668 | €62,650 | +€29,983 | +91.8% |
| Financial income | 75/76B | €12,575 | €2,321 | -€10,255 | -81.5% |
| Recurring financial income | 75 | €12,575 | €2,321 | -€10,255 | -81.5% |
| Financial charges | 65/66B | €229 | €66 | -€163 | -71.0% |
| Recurring financial charges | 65 | €229 | €66 | -€163 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | €45,014 | €64,905 | +€19,890 | +44.2% |
| Income taxes | 67/77 | €12,896 | €20,039 | +€7,144 | +55.4% |
| Profit (loss) for the period | 9904 | €32,119 | €44,865 | +€12,747 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,119 | €44,865 | +€12,747 | +39.7% |
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 8 October 2026 via checked.be.