Sybe: 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.
Sybe
Largest movements
- Cash -€40,026
down €40,026 (-15.5%), from €257,470 to €217,444
mainly Contributions, distributions and other (-€258,012) and Investment in fixed assets (net) (-€2,500)
- Reserves -€42,575
down €42,575 (-16.5%), from €258,012 to €215,437
- Financial income -€59,675
down €59,675 (-96.6%), from €61,744 to €2,069
- Gross operating margin +€22,767
up €22,767 (+8.7%), from €262,162 to €284,928
- Taxes +€5,808
up €5,808 (+9.4%), from €61,918 to €67,726
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,900 | €235,336 | -€40,564 | -14.7% |
| Fixed assets | 21/28 | €17,050 | €16,894 | -€156 | -0.9% |
| Tangible fixed assets | 22/27 | €12,050 | €11,894 | -€156 | -1.3% |
| Plant, machinery and equipment | 23 | €2,026 | €1,190 | -€835 | -41.2% |
| Furniture and vehicles | 24 | €3,289 | €4,903 | +€1,614 | +49.1% |
| Other tangible fixed assets | 26 | €6,736 | €5,801 | -€935 | -13.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €258,849 | €218,442 | -€40,408 | -15.6% |
| Cash at bank and in hand | 54/58 | €257,470 | €217,444 | -€40,026 | -15.5% |
| Deferred charges and accrued income | 490/1 | €1,379 | €998 | -€382 | -27.7% |
| Total equity and liabilities | 10/49 | €275,900 | €235,336 | -€40,564 | -14.7% |
| Equity | 10/15 | €268,012 | €225,437 | -€42,575 | -15.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €258,012 | €215,437 | -€42,575 | -16.5% |
| Distributable reserves | 133 | €258,012 | €215,437 | -€42,575 | -16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,887 | €9,899 | +€2,011 | +25.5% |
| Amounts payable within one year | 42/48 | €7,887 | €9,899 | +€2,011 | +25.5% |
| Taxes, remuneration and social security | 45 | €4,029 | €5,006 | +€978 | +24.3% |
| Taxes | 450/3 | €4,029 | €5,006 | +€978 | +24.3% |
| Other amounts payable | 47/48 | €3,858 | €4,892 | +€1,034 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,406 | €2,656 | +€251 | +10.4% |
| Other operating charges | 640/8 | €744 | €822 | +€78 | +10.5% |
| Gross operating margin | 9900 | €262,162 | €284,928 | +€22,767 | +8.7% |
| Operating profit (loss) | 9901 | €259,012 | €281,450 | +€22,438 | +8.7% |
| Financial income | 75/76B | €61,744 | €2,069 | -€59,675 | -96.6% |
| Recurring financial income | 75 | €61,744 | €2,069 | -€59,675 | -96.6% |
| Financial charges | 65/66B | €827 | €356 | -€470 | -56.9% |
| Recurring financial charges | 65 | €827 | €356 | -€470 | -56.9% |
| Profit (loss) for the period before taxes | 9903 | €319,930 | €283,163 | -€36,767 | -11.5% |
| Income taxes | 67/77 | €61,918 | €67,726 | +€5,808 | +9.4% |
| Profit (loss) for the period | 9904 | €258,012 | €215,437 | -€42,575 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €258,012 | €215,437 | -€42,575 | -16.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.