SYBO: 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.
SYBO
Largest movements
- Receivables within one year +€1.2m
up €1.2m (+102%), from €1.2m to €2.4m
of which Trade receivables: +€1.2m
- Cash +€149,162
up €149,162 (+60.8%), from €245,264 to €394,426
mainly Trade debts (+€1.2m) and Other debts (+€87,330)
- Trade debts +€1.2m
up €1.2m (+117%), from €1.0m to €2.3m
- Other debts +€87,330
up €87,330 (+1,093%), from €7,987 to €95,318
- Reserves +€62,804
up €62,804 (+25.6%), from €245,410 to €308,214
- Tax, wage and social debts +€29,569
up €29,569 (+35.6%), from €82,985 to €112,554
of which Taxes: +€23,588
- Staff costs +€84,987
up €84,987 (+30.6%), from €278,184 to €363,171
- Gross operating margin +€69,454
up €69,454 (+18.0%), from €385,912 to €455,366
- Taxes -€12,172
down €12,172 (-26.2%), from €46,398 to €34,227
- Financial income +€11,319
up €11,319 (+163%), from €6,931 to €18,250
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 | €1,479,570 | €2,882,771 | +€1.4m | +94.8% |
| Fixed assets | 21/28 | €4,827 | €11,157 | +€6,330 | +131% |
| Tangible fixed assets | 22/27 | €4,827 | €11,157 | +€6,330 | +131% |
| Plant, machinery and equipment | 23 | €2,692 | €1,484 | -€1,208 | -44.9% |
| Furniture and vehicles | 24 | €2,135 | €9,673 | +€7,538 | +353% |
| Current assets | 29/58 | €1,474,743 | €2,871,614 | +€1.4m | +94.7% |
| Amounts receivable after more than one year | 29 | €5,554 | €0 | -€5,554 | -100% |
| Other amounts receivable | 291 | €5,554 | €0 | -€5,554 | -100% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,205,313 | €2,431,829 | +€1.2m | +102% |
| Trade receivables | 40 | €1,079,711 | €2,290,984 | +€1.2m | +112% |
| Other amounts receivable | 41 | €125,602 | €140,845 | +€15,244 | +12.1% |
| Cash at bank and in hand | 54/58 | €245,264 | €394,426 | +€149,162 | +60.8% |
| Deferred charges and accrued income | 490/1 | €18,613 | €45,359 | +€26,746 | +144% |
| Total equity and liabilities | 10/49 | €1,479,570 | €2,882,771 | +€1.4m | +94.8% |
| Equity | 10/15 | €342,477 | €405,280 | +€62,804 | +18.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €245,410 | €308,214 | +€62,804 | +25.6% |
| Distributable reserves | 133 | €245,410 | €308,214 | +€62,804 | +25.6% |
| Profit (loss) carried forward | 14 | €84,666 | €84,666 | = | 0.0% |
| Amounts payable | 17/49 | €1,137,093 | €2,477,491 | +€1.3m | +118% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,137,093 | €2,477,491 | +€1.3m | +118% |
| Current portion of amounts payable after more than one year | 42 | €1,718 | €0 | -€1,718 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,044,403 | €2,269,619 | +€1.2m | +117% |
| Suppliers | 440/4 | €1,044,403 | €2,269,619 | +€1.2m | +117% |
| Taxes, remuneration and social security | 45 | €82,985 | €112,554 | +€29,569 | +35.6% |
| Taxes | 450/3 | €38,461 | €62,048 | +€23,588 | +61.3% |
| Remuneration and social security | 454/9 | €44,525 | €50,506 | +€5,981 | +13.4% |
| Other amounts payable | 47/48 | €7,987 | €95,318 | +€87,330 | +1,093% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €278,184 | €363,171 | +€84,987 | +30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,928 | €4,339 | +€2,411 | +125% |
| Other operating charges | 640/8 | €2,362 | €2,893 | +€531 | +22.5% |
| Gross operating margin | 9900 | €385,912 | €455,366 | +€69,454 | +18.0% |
| Operating profit (loss) | 9901 | €103,438 | €84,963 | -€18,475 | -17.9% |
| Financial income | 75/76B | €6,931 | €18,250 | +€11,319 | +163% |
| Recurring financial income | 75 | €6,931 | €18,250 | +€11,319 | +163% |
| Financial charges | 65/66B | €3,620 | €6,183 | +€2,563 | +70.8% |
| Recurring financial charges | 65 | €3,620 | €6,183 | +€2,563 | +70.8% |
| Profit (loss) for the period before taxes | 9903 | €106,749 | €97,030 | -€9,719 | -9.1% |
| Income taxes | 67/77 | €46,398 | €34,227 | -€12,172 | -26.2% |
| Profit (loss) for the period | 9904 | €60,351 | €62,804 | +€2,453 | +4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €60,351 | €62,804 | +€2,453 | +4.1% |
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 15 October 2026 via checked.be.