SY Construct: 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.
SY Construct
Largest movements
- Cash +€108,134
up €108,134 (+75.7%), from €142,795 to €250,929
mainly Net result for the year (+€102,593) and Receivables within one year (+€17,887)
- Receivables within one year -€17,887
down €17,887 (-39.9%), from €44,882 to €26,996
of which Trade receivables: -€16,423
- Tangible fixed assets -€6,296
down €6,296 (-21.4%), from €29,398 to €23,102
- Reserves +€102,593
up €102,593 (+53.4%), from €192,061 to €294,655
- Advances received -€18,211
down €18,211 (-100.0%), from €18,211 to €0
- Gross operating margin -€31,324
down €31,324 (-17.1%), from €182,893 to €151,569
- Taxes -€6,931
down €6,931 (-14.0%), from €49,525 to €42,594
- Depreciation +€4,215
up €4,215 (+202.5%), from €2,081 to €6,296
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 | €217,075 | €301,027 | +€83,952 | +38.7% |
| Fixed assets | 21/28 | €29,398 | €23,102 | -€6,296 | -21.4% |
| Tangible fixed assets | 22/27 | €29,398 | €23,102 | -€6,296 | -21.4% |
| Furniture and vehicles | 24 | €29,398 | €23,102 | -€6,296 | -21.4% |
| Current assets | 29/58 | €187,677 | €277,925 | +€90,248 | +48.1% |
| Amounts receivable within one year | 40/41 | €44,882 | €26,996 | -€17,887 | -39.9% |
| Trade receivables | 40 | €30,013 | €13,590 | -€16,423 | -54.7% |
| Other amounts receivable | 41 | €14,870 | €13,406 | -€1,464 | -9.8% |
| Cash at bank and in hand | 54/58 | €142,795 | €250,929 | +€108,134 | +75.7% |
| Total equity and liabilities | 10/49 | €217,075 | €301,027 | +€83,952 | +38.7% |
| Equity | 10/15 | €194,061 | €296,655 | +€102,593 | +52.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €192,061 | €294,655 | +€102,593 | +53.4% |
| Distributable reserves | 133 | €192,061 | €294,655 | +€102,593 | +53.4% |
| Amounts payable | 17/49 | €23,014 | €4,372 | -€18,641 | -81.0% |
| Amounts payable within one year | 42/48 | €21,614 | €4,372 | -€17,242 | -79.8% |
| Trade debts | 44 | €2,078 | €253 | -€1,825 | -87.8% |
| Suppliers | 440/4 | €2,078 | €253 | -€1,825 | -87.8% |
| Advances received on contracts in progress | 46 | €18,211 | €0 | -€18,211 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,672 | +€1,672 | |
| Taxes | 450/3 | €0 | €1,672 | +€1,672 | |
| Other amounts payable | 47/48 | €1,326 | €2,448 | +€1,122 | +84.7% |
| Accrued charges and deferred income | 492/3 | €1,400 | €0 | -€1,400 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,081 | €6,296 | +€4,215 | +202.5% |
| Other operating charges | 640/8 | €1,058 | €635 | -€423 | -40.0% |
| Non-recurring operating charges | 66A | €8,356 | €0 | -€8,356 | -100.0% |
| Gross operating margin | 9900 | €182,893 | €151,569 | -€31,324 | -17.1% |
| Operating profit (loss) | 9901 | €171,397 | €144,638 | -€26,760 | -15.6% |
| Financial income | 75/76B | €24 | €800 | +€776 | +3233.5% |
| Recurring financial income | 75 | €24 | €800 | +€776 | +3233.5% |
| Financial charges | 65/66B | €1,255 | €251 | -€1,005 | -80.0% |
| Recurring financial charges | 65 | €1,255 | €251 | -€1,005 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €170,166 | €145,187 | -€24,979 | -14.7% |
| Income taxes | 67/77 | €49,525 | €42,594 | -€6,931 | -14.0% |
| Profit (loss) for the period | 9904 | €120,641 | €102,593 | -€18,048 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €120,641 | €102,593 | -€18,048 | -15.0% |
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 30 September 2026 via checked.be.