SYA: 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.
SYA
Largest movements
- Stocks and contracts +€639,543
up €639,543 (+48.3%), from €1.3m to €2.0m
- Receivables within one year +€434,753
up €434,753 (+83.5%), from €520,906 to €955,660
of which Other amounts receivable: +€340,493
- Cash -€222,887
down €222,887 (-71.2%), from €312,934 to €90,047
mainly Stocks and contracts (-€639,543) and Receivables within one year (-€434,753)
- Tangible fixed assets +€191,572
up €191,572 (+391.1%), from €48,985 to €240,557
of which Other tangible fixed assets: +€168,438
- Receivables after one year +€43,000
up €43,000 (+1075.0%), from €4,000 to €47,000
- Reserves +€461,450
up €461,450 (+94.3%), from €489,432 to €950,882
of which Tax-exempt reserves: +€486,479
- Short-term financial debts +€258,253
up €258,253 (+3938.7%), from €6,557 to €264,809
- Debts after one year +€216,915
up €216,915 (+39.1%), from €555,000 to €771,915
- Trade debts +€173,968
up €173,968 (+69.6%), from €249,818 to €423,786
- Current portion of long-term debt +€115,454
new in 2025: €115,454
- Gross operating margin +€173,739
up €173,739 (+13.4%), from €1.3m to €1.5m
- Staff costs +€169,740
up €169,740 (+26.0%), from €652,157 to €821,898
- Taxes -€93,095
down €93,095 (-97.8%), from €95,191 to €2,097
- Financial charges -€50,632
down €50,632 (-18.1%), from €279,206 to €228,573
- Financial income +€35,730
up €35,730 (+85.3%), from €41,881 to €77,611
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 | €2,246,788 | €3,342,254 | +€1.1m | +48.8% |
| Fixed assets | 21/28 | €80,347 | €276,280 | +€195,933 | +243.9% |
| Intangible fixed assets | 21 | €22,662 | €27,023 | +€4,361 | +19.2% |
| Tangible fixed assets | 22/27 | €48,985 | €240,557 | +€191,572 | +391.1% |
| Plant, machinery and equipment | 23 | €3,360 | €11,736 | +€8,376 | +249.3% |
| Furniture and vehicles | 24 | €13,928 | €28,686 | +€14,758 | +106.0% |
| Other tangible fixed assets | 26 | €31,697 | €200,136 | +€168,438 | +531.4% |
| Financial fixed assets | 28 | €8,700 | €8,700 | = | 0.0% |
| Current assets | 29/58 | €2,166,441 | €3,065,973 | +€899,532 | +41.5% |
| Amounts receivable after more than one year | 29 | €4,000 | €47,000 | +€43,000 | +1075.0% |
| Other amounts receivable | 291 | €4,000 | €47,000 | +€43,000 | +1075.0% |
| Stocks and contracts in progress | 3 | €1,323,941 | €1,963,484 | +€639,543 | +48.3% |
| Stocks | 30/36 | €1,323,941 | €1,963,484 | +€639,543 | +48.3% |
| Amounts receivable within one year | 40/41 | €520,906 | €955,660 | +€434,753 | +83.5% |
| Trade receivables | 40 | €199,623 | €293,883 | +€94,260 | +47.2% |
| Other amounts receivable | 41 | €321,284 | €661,777 | +€340,493 | +106.0% |
| Cash at bank and in hand | 54/58 | €312,934 | €90,047 | -€222,887 | -71.2% |
| Deferred charges and accrued income | 490/1 | €4,660 | €9,783 | +€5,123 | +109.9% |
| Total equity and liabilities | 10/49 | €2,246,788 | €3,342,254 | +€1.1m | +48.8% |
| Equity | 10/15 | €739,432 | €1,200,882 | +€461,450 | +62.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €489,432 | €950,882 | +€461,450 | +94.3% |
| Non-distributable reserves | 130/1 | €18,485 | €18,485 | = | 0.0% |
| Legal reserve | 130 | €18,485 | €18,485 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €486,479 | +€486,479 | |
| Distributable reserves | 133 | €470,946 | €445,917 | -€25,029 | -5.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €34,158 | €0 | -€34,158 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €34,158 | €0 | -€34,158 | -100.0% |
| Other liabilities and charges | 164/5 | €34,158 | €0 | -€34,158 | -100.0% |
| Amounts payable | 17/49 | €1,473,199 | €2,141,372 | +€668,173 | +45.4% |
| Amounts payable after more than one year | 17 | €555,000 | €771,915 | +€216,915 | +39.1% |
| Financial debts | 170/4 | €555,000 | €771,915 | +€216,915 | +39.1% |
| Amounts payable within one year | 42/48 | €890,313 | €1,333,630 | +€443,317 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | - | €115,454 | +€115,454 | |
| Financial debts | 43 | €6,557 | €264,809 | +€258,253 | +3938.7% |
| Credit institutions | 430/8 | €6,557 | €264,809 | +€258,253 | +3938.7% |
| Trade debts | 44 | €249,818 | €423,786 | +€173,968 | +69.6% |
| Suppliers | 440/4 | €249,818 | €423,786 | +€173,968 | +69.6% |
| Taxes, remuneration and social security | 45 | €589,088 | €499,386 | -€89,702 | -15.2% |
| Taxes | 450/3 | €480,266 | €355,497 | -€124,769 | -26.0% |
| Remuneration and social security | 454/9 | €108,822 | €143,889 | +€35,067 | +32.2% |
| Other amounts payable | 47/48 | €44,850 | €30,194 | -€14,656 | -32.7% |
| Accrued charges and deferred income | 492/3 | €27,886 | €35,827 | +€7,942 | +28.5% |
| Non-recurring operating income | 76A | - | €38,946 | +€38,946 | |
| Remuneration, social security and pensions | 62 | €652,157 | €821,898 | +€169,740 | +26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,040 | €25,982 | -€5,059 | -16.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €7,425 | €0 | -€7,425 | -100.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €34,158 | €0 | -€34,158 | -100.0% |
| Other operating charges | 640/8 | €11,678 | €6,231 | -€5,446 | -46.6% |
| Non-recurring operating charges | 66A | €47,450 | €750 | -€46,700 | -98.4% |
| Gross operating margin | 9900 | €1,295,630 | €1,469,369 | +€173,739 | +13.4% |
| Operating profit (loss) | 9901 | €511,722 | €614,509 | +€102,787 | +20.1% |
| Financial income | 75/76B | €41,881 | €77,611 | +€35,730 | +85.3% |
| Recurring financial income | 75 | €41,881 | €77,611 | +€35,730 | +85.3% |
| Financial charges | 65/66B | €279,206 | €228,573 | -€50,632 | -18.1% |
| Recurring financial charges | 65 | €279,206 | €228,573 | -€50,632 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €274,397 | €463,547 | +€189,150 | +68.9% |
| Income taxes | 67/77 | €95,191 | €2,097 | -€93,095 | -97.8% |
| Profit (loss) for the period | 9904 | €179,206 | €461,450 | +€282,244 | +157.5% |
| Transfer to tax-exempt reserves | 689 | - | €486,479 | +€486,479 | |
| Profit (loss) for the period to be appropriated | 9905 | €179,206 | -€25,029 | -€204,235 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.