SYCOM: 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.
SYCOM
Largest movements
- Cash +€6,822
up €6,822 (+102.3%), from €6,667 to €13,489
mainly Other debts (+€6,464) and Receivables within one year (+€3,305)
- Receivables within one year -€3,305
down €3,305 (-23.4%), from €14,122 to €10,817
of which Trade receivables: -€2,481
- Deferred charges and accrued income -€474
no longer reported in 2025 (was €474)
- Other debts +€6,464
up €6,464 (+200.3%), from €3,227 to €9,690
- Profit (loss) carried forward -€5,128
down €5,128 (-7.0%), from -€72,926 to -€78,054
- Trade debts +€1,766
up €1,766 (+6.1%), from €28,859 to €30,625
- Gross operating margin -€4,537
down €4,537, from €272 to -€4,265
- Other operating charges -€403
down €403 (-49.3%), from €818 to €415
- Taxes -€58
no longer reported in 2025 (was €58)
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 | €21,263 | €24,306 | +€3,044 | +14.3% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €21,263 | €24,306 | +€3,044 | +14.3% |
| Amounts receivable within one year | 40/41 | €14,122 | €10,817 | -€3,305 | -23.4% |
| Trade receivables | 40 | €9,917 | €7,436 | -€2,481 | -25.0% |
| Other amounts receivable | 41 | €4,205 | €3,381 | -€824 | -19.6% |
| Cash at bank and in hand | 54/58 | €6,667 | €13,489 | +€6,822 | +102.3% |
| Deferred charges and accrued income | 490/1 | €474 | - | -€474 | |
| Total equity and liabilities | 10/49 | €21,263 | €24,306 | +€3,044 | +14.3% |
| Equity | 10/15 | -€10,881 | -€16,009 | -€5,128 | -47.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €45 | €45 | = | 0.0% |
| Non-distributable reserves | 130/1 | €45 | €45 | = | 0.0% |
| Legal reserve | 130 | €45 | €45 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,926 | -€78,054 | -€5,128 | -7.0% |
| Amounts payable | 17/49 | €32,144 | €40,316 | +€8,171 | +25.4% |
| Amounts payable within one year | 42/48 | €32,144 | €40,316 | +€8,171 | +25.4% |
| Trade debts | 44 | €28,859 | €30,625 | +€1,766 | +6.1% |
| Suppliers | 440/4 | €28,859 | €30,625 | +€1,766 | +6.1% |
| Taxes, remuneration and social security | 45 | €58 | - | -€58 | |
| Taxes | 450/3 | €58 | - | -€58 | |
| Other amounts payable | 47/48 | €3,227 | €9,690 | +€6,464 | +200.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42 | - | -€42 | |
| Other operating charges | 640/8 | €818 | €415 | -€403 | -49.3% |
| Gross operating margin | 9900 | €272 | -€4,265 | -€4,537 | |
| Operating profit (loss) | 9901 | -€588 | -€4,680 | -€4,092 | -696.3% |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €431 | €448 | +€17 | +3.9% |
| Recurring financial charges | 65 | €431 | €448 | +€17 | +3.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,005 | -€5,128 | -€4,123 | -410.5% |
| Income taxes | 67/77 | €58 | - | -€58 | |
| Profit (loss) for the period | 9904 | -€1,063 | -€5,128 | -€4,065 | -382.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,063 | -€5,128 | -€4,065 | -382.6% |
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 3 October 2026 via checked.be.