Syan: 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.
Syan
Largest movements
- Receivables within one year +€37,824
up €37,824 (+28.9%), from €130,660 to €168,484
of which Trade receivables: +€40,044
- Stocks and contracts -€16,572
down €16,572 (-7.5%), from €222,203 to €205,631
- Tangible fixed assets +€12,512
up €12,512 (+13.1%), from €95,708 to €108,220
of which Furniture and vehicles: +€21,675
- Trade debts +€65,354
up €65,354 (+378.1%), from €17,286 to €82,639
- Other debts -€60,316
down €60,316 (-55.8%), from €108,187 to €47,871
- Tax, wage and social debts +€26,552
up €26,552 (+97.3%), from €27,294 to €53,845
of which Taxes: +€16,353
- Debts after one year -€19,742
down €19,742 (-15.1%), from €131,021 to €111,279
- Current portion of long-term debt +€13,779
up €13,779 (+62.7%), from €21,993 to €35,772
- Write-downs +€15,434
new in 2025: €15,434
- Staff costs +€13,650
up €13,650 (+11.1%), from €123,446 to €137,096
- Taxes -€9,341
down €9,341 (-82.6%), from €11,302 to €1,961
- Depreciation +€8,727
up €8,727 (+34.2%), from €25,543 to €34,269
- Gross operating margin -€4,400
down €4,400 (-2.0%), from €222,377 to €217,978
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 | €480,102 | €511,018 | +€30,916 | +6.4% |
| Fixed assets | 21/28 | €95,758 | €108,270 | +€12,512 | +13.1% |
| Tangible fixed assets | 22/27 | €95,708 | €108,220 | +€12,512 | +13.1% |
| Plant, machinery and equipment | 23 | €36,427 | €35,092 | -€1,335 | -3.7% |
| Furniture and vehicles | 24 | €28,409 | €50,084 | +€21,675 | +76.3% |
| Leasing and similar rights | 25 | €30,873 | €23,045 | -€7,828 | -25.4% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €384,344 | €402,748 | +€18,404 | +4.8% |
| Stocks and contracts in progress | 3 | €222,203 | €205,631 | -€16,572 | -7.5% |
| Stocks | 30/36 | €222,203 | €205,631 | -€16,572 | -7.5% |
| Amounts receivable within one year | 40/41 | €130,660 | €168,484 | +€37,824 | +28.9% |
| Trade receivables | 40 | €128,440 | €168,484 | +€40,044 | +31.2% |
| Other amounts receivable | 41 | €2,220 | - | -€2,220 | |
| Cash at bank and in hand | 54/58 | €28,705 | €25,600 | -€3,105 | -10.8% |
| Deferred charges and accrued income | 490/1 | €2,776 | €3,033 | +€256 | +9.2% |
| Total equity and liabilities | 10/49 | €480,102 | €511,018 | +€30,916 | +6.4% |
| Equity | 10/15 | €124,322 | €129,612 | +€5,290 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,862 | €109,152 | +€5,290 | +5.1% |
| Amounts payable | 17/49 | €355,780 | €381,406 | +€25,626 | +7.2% |
| Amounts payable after more than one year | 17 | €131,021 | €111,279 | -€19,742 | -15.1% |
| Financial debts | 170/4 | €131,021 | €111,279 | -€19,742 | -15.1% |
| Amounts payable within one year | 42/48 | €224,759 | €270,127 | +€45,368 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €21,993 | €35,772 | +€13,779 | +62.7% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €17,286 | €82,639 | +€65,354 | +378.1% |
| Suppliers | 440/4 | €17,286 | €82,639 | +€65,354 | +378.1% |
| Taxes, remuneration and social security | 45 | €27,294 | €53,845 | +€26,552 | +97.3% |
| Taxes | 450/3 | €11,302 | €27,655 | +€16,353 | +144.7% |
| Remuneration and social security | 454/9 | €15,991 | €26,190 | +€10,198 | +63.8% |
| Other amounts payable | 47/48 | €108,187 | €47,871 | -€60,316 | -55.8% |
| Remuneration, social security and pensions | 62 | €123,446 | €137,096 | +€13,650 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,543 | €34,269 | +€8,727 | +34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €15,434 | +€15,434 | |
| Other operating charges | 640/8 | €14,209 | €10,530 | -€3,679 | -25.9% |
| Gross operating margin | 9900 | €222,377 | €217,978 | -€4,400 | -2.0% |
| Operating profit (loss) | 9901 | €59,179 | €20,648 | -€38,532 | -65.1% |
| Financial charges | 65/66B | €15,440 | €13,396 | -€2,043 | -13.2% |
| Recurring financial charges | 65 | €15,440 | €13,396 | -€2,043 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €43,739 | €7,251 | -€36,488 | -83.4% |
| Income taxes | 67/77 | €11,302 | €1,961 | -€9,341 | -82.6% |
| Profit (loss) for the period | 9904 | €32,437 | €5,290 | -€27,147 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,437 | €5,290 | -€27,147 | -83.7% |
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 7 October 2026 via checked.be.