SY CONCEPT: 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.
SY CONCEPT
Largest movements
- Tangible fixed assets +€14,514
up €14,514 (+1,686%), from €861 to €15,374
of which Plant, machinery and equipment: +€12,902
- Cash -€13,082
down €13,082 (-78.7%), from €16,621 to €3,539
mainly Net result for the year (-€44,231) and Investment in fixed assets (net) (-€16,439)
- Stocks and contracts +€8,176
new in 2025: €8,176
- Receivables within one year -€2,468
down €2,468 (-56.3%), from €4,380 to €1,912
of which Other amounts receivable: -€4,380
- Deferred charges and accrued income -€1,088
no longer reported in 2025 (was €1,088)
- Profit (loss) carried forward -€44,231
down €44,231, from €15,347 to -€28,883
- Other debts +€39,429
new in 2025: €39,429
- Trade debts +€9,661
up €9,661 (+460%), from €2,102 to €11,763
- Tax, wage and social debts +€1,193
new in 2025: €1,193
of which Remuneration and social security: +€897
- Gross operating margin -€47,569
down €47,569, from €10,717 to -€36,852
- Staff costs +€4,286
new in 2025: €4,286
- Other operating charges -€1,635
down €1,635 (-73.6%), from €2,221 to €585
- Depreciation +€1,620
up €1,620 (+530%), from €306 to €1,925
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 | €23,649 | €29,701 | +€6,052 | +25.6% |
| Fixed assets | 21/28 | €1,561 | €16,074 | +€14,514 | +930% |
| Tangible fixed assets | 22/27 | €861 | €15,374 | +€14,514 | +1,686% |
| Plant, machinery and equipment | 23 | - | €12,902 | +€12,902 | |
| Furniture and vehicles | 24 | €861 | €555 | -€306 | -35.5% |
| Other tangible fixed assets | 26 | - | €1,917 | +€1,917 | |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €22,089 | €13,627 | -€8,462 | -38.3% |
| Stocks and contracts in progress | 3 | - | €8,176 | +€8,176 | |
| Stocks | 30/36 | - | €8,176 | +€8,176 | |
| Amounts receivable within one year | 40/41 | €4,380 | €1,912 | -€2,468 | -56.3% |
| Trade receivables | 40 | - | €1,912 | +€1,912 | |
| Other amounts receivable | 41 | €4,380 | - | -€4,380 | |
| Cash at bank and in hand | 54/58 | €16,621 | €3,539 | -€13,082 | -78.7% |
| Deferred charges and accrued income | 490/1 | €1,088 | - | -€1,088 | |
| Total equity and liabilities | 10/49 | €23,649 | €29,701 | +€6,052 | +25.6% |
| Equity | 10/15 | €21,547 | -€22,683 | -€44,231 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,347 | -€28,883 | -€44,231 | |
| Amounts payable | 17/49 | €2,102 | €52,385 | +€50,283 | +2,392% |
| Amounts payable within one year | 42/48 | €2,102 | €52,385 | +€50,283 | +2,392% |
| Trade debts | 44 | €2,102 | €11,763 | +€9,661 | +460% |
| Suppliers | 440/4 | €2,102 | €11,763 | +€9,661 | +460% |
| Taxes, remuneration and social security | 45 | - | €1,193 | +€1,193 | |
| Taxes | 450/3 | - | €296 | +€296 | |
| Remuneration and social security | 454/9 | - | €897 | +€897 | |
| Other amounts payable | 47/48 | - | €39,429 | +€39,429 | |
| Non-recurring operating income | 76A | €2,479 | - | -€2,479 | |
| Remuneration, social security and pensions | 62 | - | €4,286 | +€4,286 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306 | €1,925 | +€1,620 | +530% |
| Other operating charges | 640/8 | €2,221 | €585 | -€1,635 | -73.6% |
| Non-recurring operating charges | 66A | €447 | €492 | +€45 | +10.0% |
| Gross operating margin | 9900 | €10,717 | -€36,852 | -€47,569 | |
| Operating profit (loss) | 9901 | €7,744 | -€44,140 | -€51,884 | |
| Financial charges | 65/66B | €138 | €90 | -€48 | -34.6% |
| Recurring financial charges | 65 | €138 | €90 | -€48 | -34.6% |
| Profit (loss) for the period before taxes | 9903 | €7,606 | -€44,231 | -€51,836 | |
| Income taxes | 67/77 | €364 | - | -€364 | |
| Profit (loss) for the period | 9904 | €7,242 | -€44,231 | -€51,472 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,242 | -€44,231 | -€51,472 |
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.