SYBEL Consulting: what changed
SYBEL Consulting
Largest movements
- Current investments +€129,142
up €129,142 (+960%), from €13,455 to €142,597
- Cash -€66,990
down €66,990 (-59.5%), from €112,518 to €45,527
mainly Current investments (-€129,142) and Contributions, distributions and other (-€40,000)
- Tangible fixed assets -€5,493
down €5,493 (-66.8%), from €8,228 to €2,735
of which Furniture and vehicles: -€5,163
- Receivables within one year -€3,183
down €3,183 (-9.9%), from €32,157 to €28,974
of which Trade receivables: -€3,721
- Other debts +€36,200
up €36,200 (+42.4%), from €85,397 to €121,597
- Reserves +€13,359
up €13,359 (+24.2%), from €55,148 to €68,508
- Tax, wage and social debts +€4,070
up €4,070 (+92.2%), from €4,412 to €8,482
- Depreciation -€6,100
down €6,100 (-47.8%), from €12,749 to €6,649
- Gross operating margin -€4,294
down €4,294 (-5.4%), from €79,900 to €75,606
- Financial income +€1,439
up €1,439 (+133%), from €1,084 to €2,523
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,469 | €219,945 | +€53,476 | +32.1% |
| Fixed assets | 21/28 | €8,228 | €2,735 | -€5,493 | -66.8% |
| Tangible fixed assets | 22/27 | €8,228 | €2,735 | -€5,493 | -66.8% |
| Plant, machinery and equipment | 23 | €2,846 | €2,516 | -€330 | -11.6% |
| Furniture and vehicles | 24 | €5,382 | €219 | -€5,163 | -95.9% |
| Current assets | 29/58 | €158,241 | €217,210 | +€58,969 | +37.3% |
| Amounts receivable within one year | 40/41 | €32,157 | €28,974 | -€3,183 | -9.9% |
| Trade receivables | 40 | €29,769 | €26,048 | -€3,721 | -12.5% |
| Other amounts receivable | 41 | €2,388 | €2,926 | +€538 | +22.5% |
| Current investments | 50/53 | €13,455 | €142,597 | +€129,142 | +960% |
| Cash at bank and in hand | 54/58 | €112,518 | €45,527 | -€66,990 | -59.5% |
| Deferred charges and accrued income | 490/1 | €111 | €111 | = | 0.0% |
| Total equity and liabilities | 10/49 | €166,469 | €219,945 | +€53,476 | +32.1% |
| Equity | 10/15 | €73,748 | €87,108 | +€13,359 | +18.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,148 | €68,508 | +€13,359 | +24.2% |
| Distributable reserves | 133 | €55,148 | €68,508 | +€13,359 | +24.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €92,720 | €132,837 | +€40,117 | +43.3% |
| Amounts payable within one year | 42/48 | €92,720 | €132,837 | +€40,117 | +43.3% |
| Trade debts | 44 | €2,911 | €2,758 | -€153 | -5.2% |
| Suppliers | 440/4 | €2,911 | €2,758 | -€153 | -5.2% |
| Taxes, remuneration and social security | 45 | €4,412 | €8,482 | +€4,070 | +92.2% |
| Taxes | 450/3 | €4,412 | €8,482 | +€4,070 | +92.2% |
| Other amounts payable | 47/48 | €85,397 | €121,597 | +€36,200 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,749 | €6,649 | -€6,100 | -47.8% |
| Other operating charges | 640/8 | €570 | €585 | +€14 | +2.5% |
| Gross operating margin | 9900 | €79,900 | €75,606 | -€4,294 | -5.4% |
| Operating profit (loss) | 9901 | €66,581 | €68,372 | +€1,791 | +2.7% |
| Financial income | 75/76B | €1,084 | €2,523 | +€1,439 | +133% |
| Recurring financial income | 75 | €1,084 | €2,523 | +€1,439 | +133% |
| Financial charges | 65/66B | €3,973 | €3,806 | -€167 | -4.2% |
| Recurring financial charges | 65 | €3,973 | €3,576 | -€397 | -10.0% |
| Non-recurring financial charges | 66B | - | €230 | +€230 | |
| Profit (loss) for the period before taxes | 9903 | €63,692 | €67,089 | +€3,398 | +5.3% |
| Income taxes | 67/77 | €12,947 | €13,730 | +€784 | +6.1% |
| Profit (loss) for the period | 9904 | €50,745 | €53,359 | +€2,614 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,745 | €53,359 | +€2,614 | +5.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.