SYBHEL CONSULT: 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.
SYBHEL CONSULT
Largest movements
- Receivables within one year +€10,097
up €10,097 (+4.9%), from €207,342 to €217,439
of which Trade receivables: +€15,474
- Other debts -€47,985
down €47,985 (-67.5%), from €71,048 to €23,063
- Debts after one year +€40,725
up €40,725 (+16.3%), from €250,298 to €291,022
- Reserves +€27,000
up €27,000 (+18.6%), from €144,860 to €171,860
of which Distributable reserves: +€27,000
- Tax, wage and social debts -€15,738
down €15,738 (-52.0%), from €30,263 to €14,525
of which Remuneration and social security: -€12,008
- Financial income -€89,137
no longer reported in 2025 (was €89,137)
- Gross operating margin +€26,814
up €26,814 (+16.8%), from €159,396 to €186,210
- Staff costs -€14,425
down €14,425 (-12.7%), from €113,361 to €98,936
- Other operating charges -€4,946
down €4,946 (-36.5%), from €13,548 to €8,603
- Taxes +€3,716
up €3,716 (+24.1%), from €15,433 to €19,149
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.
Derived cash bridge
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 | €556,996 | €567,043 | +€10,047 | +1.8% |
| Fixed assets | 21/28 | €343,911 | €340,201 | -€3,710 | -1.1% |
| Tangible fixed assets | 22/27 | €343,681 | €339,971 | -€3,710 | -1.1% |
| Land and buildings | 22 | €325,095 | €326,148 | +€1,053 | +0.3% |
| Plant, machinery and equipment | 23 | €7,453 | €6,583 | -€870 | -11.7% |
| Furniture and vehicles | 24 | €11,133 | €7,240 | -€3,893 | -35.0% |
| Financial fixed assets | 28 | €229 | €229 | = | 0.0% |
| Current assets | 29/58 | €213,086 | €226,842 | +€13,757 | +6.5% |
| Amounts receivable within one year | 40/41 | €207,342 | €217,439 | +€10,097 | +4.9% |
| Trade receivables | 40 | €80,608 | €96,082 | +€15,474 | +19.2% |
| Other amounts receivable | 41 | €126,735 | €121,357 | -€5,377 | -4.2% |
| Cash at bank and in hand | 54/58 | €5,743 | €9,403 | +€3,660 | +63.7% |
| Total equity and liabilities | 10/49 | €556,996 | €567,043 | +€10,047 | +1.8% |
| Equity | 10/15 | €169,980 | €197,254 | +€27,274 | +16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €144,860 | €171,860 | +€27,000 | +18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €143,000 | €170,000 | +€27,000 | +18.9% |
| Profit (loss) carried forward | 14 | €6,520 | €6,794 | +€274 | +4.2% |
| Amounts payable | 17/49 | €387,016 | €369,788 | -€17,228 | -4.5% |
| Amounts payable after more than one year | 17 | €250,298 | €291,022 | +€40,725 | +16.3% |
| Financial debts | 170/4 | €250,298 | €291,022 | +€40,725 | +16.3% |
| Amounts payable within one year | 42/48 | €133,912 | €75,113 | -€58,798 | -43.9% |
| Current portion of amounts payable after more than one year | 42 | €32,350 | €36,943 | +€4,593 | +14.2% |
| Trade debts | 44 | €250 | €583 | +€333 | +133% |
| Suppliers | 440/4 | €250 | €583 | +€333 | +133% |
| Taxes, remuneration and social security | 45 | €30,263 | €14,525 | -€15,738 | -52.0% |
| Taxes | 450/3 | €13,939 | €10,209 | -€3,730 | -26.8% |
| Remuneration and social security | 454/9 | €16,324 | €4,316 | -€12,008 | -73.6% |
| Other amounts payable | 47/48 | €71,048 | €23,063 | -€47,985 | -67.5% |
| Accrued charges and deferred income | 492/3 | €2,807 | €3,653 | +€846 | +30.1% |
| Remuneration, social security and pensions | 62 | €113,361 | €98,936 | -€14,425 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,831 | €24,456 | +€1,626 | +7.1% |
| Other operating charges | 640/8 | €13,548 | €8,603 | -€4,946 | -36.5% |
| Gross operating margin | 9900 | €159,396 | €186,210 | +€26,814 | +16.8% |
| Operating profit (loss) | 9901 | €9,656 | €54,215 | +€44,559 | +461% |
| Financial income | 75/76B | €89,137 | - | -€89,137 | |
| Recurring financial income | 75 | €89,137 | - | -€89,137 | |
| Financial charges | 65/66B | €7,133 | €7,791 | +€658 | +9.2% |
| Recurring financial charges | 65 | €7,133 | €7,791 | +€658 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €91,660 | €46,424 | -€45,236 | -49.4% |
| Income taxes | 67/77 | €15,433 | €19,149 | +€3,716 | +24.1% |
| Profit (loss) for the period | 9904 | €76,227 | €27,274 | -€48,952 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,227 | €27,274 | -€48,952 | -64.2% |
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 14 October 2026 via checked.be.