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
- Tangible fixed assets -€80,305
down €80,305 (-1.5%), from €5.5m to €5.4m
- Debts after one year -€340,000
down €340,000 (-7.5%), from €4.6m to €4.2m
- Other debts +€179,150
up €179,150 (+35.8%), from €501,041 to €680,191
- Depreciation -€74,011
down €74,011 (-24.1%), from €306,727 to €232,716
- Financial charges +€51,274
up €51,274 (+31.1%), from €165,022 to €216,296
- Gross operating margin -€42,609
down €42,609 (-8.2%), from €516,508 to €473,899
- Other operating charges -€23,753
down €23,753 (-97.8%), from €24,281 to €528
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 | €5,525,763 | €5,402,279 | -€123,483 | -2.2% |
| Fixed assets | 21/28 | €5,457,078 | €5,376,773 | -€80,305 | -1.5% |
| Tangible fixed assets | 22/27 | €5,457,078 | €5,376,773 | -€80,305 | -1.5% |
| Land and buildings | 22 | €5,457,078 | €5,376,773 | -€80,305 | -1.5% |
| Current assets | 29/58 | €68,685 | €25,506 | -€43,179 | -62.9% |
| Amounts receivable within one year | 40/41 | €23,451 | €22,090 | -€1,360 | -5.8% |
| Trade receivables | 40 | €19,720 | €22,090 | +€2,370 | +12.0% |
| Other amounts receivable | 41 | €3,731 | €0 | -€3,731 | -100.0% |
| Cash at bank and in hand | 54/58 | €45,234 | €3,416 | -€41,819 | -92.4% |
| Total equity and liabilities | 10/49 | €5,525,763 | €5,402,279 | -€123,483 | -2.2% |
| Equity | 10/15 | €122,879 | €147,238 | +€24,360 | +19.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €104,279 | €128,638 | +€24,360 | +23.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €5,743 | €5,743 | = | 0.0% |
| Distributable reserves | 133 | €98,536 | €122,895 | +€24,360 | +24.7% |
| Amounts payable | 17/49 | €5,402,884 | €5,255,041 | -€147,843 | -2.7% |
| Amounts payable after more than one year | 17 | €4,561,667 | €4,221,667 | -€340,000 | -7.5% |
| Financial debts | 170/4 | €4,561,667 | €4,221,667 | -€340,000 | -7.5% |
| Amounts payable within one year | 42/48 | €841,217 | €1,033,375 | +€192,157 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €340,000 | €347,367 | +€7,367 | +2.2% |
| Trade debts | 44 | €176 | €5,816 | +€5,640 | +3204.7% |
| Suppliers | 440/4 | €176 | €5,816 | +€5,640 | +3204.7% |
| Other amounts payable | 47/48 | €501,041 | €680,191 | +€179,150 | +35.8% |
| Non-recurring operating income | 76A | €170,693 | €0 | -€170,693 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €306,727 | €232,716 | -€74,011 | -24.1% |
| Other operating charges | 640/8 | €24,281 | €528 | -€23,753 | -97.8% |
| Gross operating margin | 9900 | €516,508 | €473,899 | -€42,609 | -8.2% |
| Operating profit (loss) | 9901 | €185,500 | €240,656 | +€55,156 | +29.7% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €165,022 | €216,296 | +€51,274 | +31.1% |
| Recurring financial charges | 65 | €165,022 | €216,296 | +€51,274 | +31.1% |
| Profit (loss) for the period before taxes | 9903 | €20,478 | €24,360 | +€3,881 | +19.0% |
| Profit (loss) for the period | 9904 | €20,478 | €24,360 | +€3,881 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,478 | €24,360 | +€3,881 | +19.0% |
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 8 October 2026 via checked.be.