SY LIGHT: 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 LIGHT
Largest movements
- Cash -€37,786
down €37,786 (-65.1%), from €58,031 to €20,245
mainly Debts after one year (-€57,550) and Stocks and contracts (-€18,459)
- Tangible fixed assets -€21,686
down €21,686 (-81.6%), from €26,561 to €4,875
of which Furniture and vehicles: -€17,647
- Intangible fixed assets -€18,930
down €18,930 (-12.6%), from €149,783 to €130,853
- Stocks and contracts +€18,459
up €18,459 (+16.7%), from €110,699 to €129,158
- Debts after one year -€57,550
down €57,550 (-24.1%), from €239,245 to €181,695
- Trade debts -€16,695
down €16,695 (-14.1%), from €118,723 to €102,028
- Short-term financial debts +€5,983
up €5,983 (+167.5%), from €3,573 to €9,556
- Gross operating margin -€79,952
down €79,952 (-17.5%), from €456,298 to €376,346
- Staff costs -€33,675
down €33,675 (-9.7%), from €346,936 to €313,260
- Other operating charges -€29,289
down €29,289 (-98.7%), from €29,689 to €400
- Financial charges -€6,627
down €6,627 (-28.0%), from €23,644 to €17,016
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 | €569,183 | €507,374 | -€61,810 | -10.9% |
| Fixed assets | 21/28 | €191,534 | €145,953 | -€45,581 | -23.8% |
| Intangible fixed assets | 21 | €149,783 | €130,853 | -€18,930 | -12.6% |
| Tangible fixed assets | 22/27 | €26,561 | €4,875 | -€21,686 | -81.6% |
| Plant, machinery and equipment | 23 | €4,039 | - | -€4,039 | |
| Furniture and vehicles | 24 | €22,523 | €4,875 | -€17,647 | -78.4% |
| Financial fixed assets | 28 | €15,190 | €10,225 | -€4,965 | -32.7% |
| Current assets | 29/58 | €377,649 | €361,420 | -€16,229 | -4.3% |
| Stocks and contracts in progress | 3 | €110,699 | €129,158 | +€18,459 | +16.7% |
| Stocks | 30/36 | €110,699 | €129,158 | +€18,459 | +16.7% |
| Amounts receivable within one year | 40/41 | €208,824 | €208,818 | -€6 | 0.0% |
| Trade receivables | 40 | €171,563 | €189,250 | +€17,687 | +10.3% |
| Other amounts receivable | 41 | €37,261 | €19,567 | -€17,694 | -47.5% |
| Cash at bank and in hand | 54/58 | €58,031 | €20,245 | -€37,786 | -65.1% |
| Deferred charges and accrued income | 490/1 | €95 | €3,200 | +€3,105 | +3254.1% |
| Total equity and liabilities | 10/49 | €569,183 | €507,374 | -€61,810 | -10.9% |
| Equity | 10/15 | €62,132 | €67,260 | +€5,127 | +8.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €38,855 | €38,855 | = | 0.0% |
| Distributable reserves | 133 | €38,855 | €38,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,278 | €18,405 | +€5,127 | +38.6% |
| Amounts payable | 17/49 | €507,051 | €440,114 | -€66,937 | -13.2% |
| Amounts payable after more than one year | 17 | €239,245 | €181,695 | -€57,550 | -24.1% |
| Financial debts | 170/4 | €239,245 | €181,695 | -€57,550 | -24.1% |
| Amounts payable within one year | 42/48 | €267,806 | €257,671 | -€10,136 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €65,283 | €62,622 | -€2,662 | -4.1% |
| Financial debts | 43 | €3,573 | €9,556 | +€5,983 | +167.5% |
| Credit institutions | 430/8 | €3,573 | €9,556 | +€5,983 | +167.5% |
| Trade debts | 44 | €118,723 | €102,028 | -€16,695 | -14.1% |
| Suppliers | 440/4 | €118,723 | €102,028 | -€16,695 | -14.1% |
| Taxes, remuneration and social security | 45 | €35,913 | €40,308 | +€4,395 | +12.2% |
| Remuneration and social security | 454/9 | €35,913 | €40,308 | +€4,395 | +12.2% |
| Other amounts payable | 47/48 | €44,314 | €43,157 | -€1,157 | -2.6% |
| Accrued charges and deferred income | 492/3 | - | €749 | +€749 | |
| Remuneration, social security and pensions | 62 | €346,936 | €313,260 | -€33,675 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,361 | €43,635 | -€1,726 | -3.8% |
| Other operating charges | 640/8 | €29,689 | €400 | -€29,289 | -98.7% |
| Gross operating margin | 9900 | €456,298 | €376,346 | -€79,952 | -17.5% |
| Operating profit (loss) | 9901 | €34,313 | €19,051 | -€15,261 | -44.5% |
| Financial income | 75/76B | €2,609 | €6 | -€2,603 | -99.8% |
| Recurring financial income | 75 | €2,609 | €6 | -€2,603 | -99.8% |
| Financial charges | 65/66B | €23,644 | €17,016 | -€6,627 | -28.0% |
| Recurring financial charges | 65 | €23,644 | €17,016 | -€6,627 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €13,278 | €2,041 | -€11,237 | -84.6% |
| Income taxes | 67/77 | - | -€3,086 | -€3,086 | |
| Profit (loss) for the period | 9904 | €13,278 | €5,127 | -€8,150 | -61.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,278 | €5,127 | -€8,150 | -61.4% |
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.