SYCOMORE: 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.
SYCOMORE
Largest movements
- Receivables within one year -€22,611
down €22,611 (-27.4%), from €82,555 to €59,944
of which Trade receivables: -€22,754
- Tangible fixed assets -€8,993
down €8,993 (-2.8%), from €321,970 to €312,977
of which Land and buildings: -€12,500
- Profit (loss) carried forward -€21,079
down €21,079, from €9,990 to -€11,089
- Debts after one year -€19,515
down €19,515 (-7.0%), from €276,920 to €257,405
- Other debts +€8,460
up €8,460 (+25.6%), from €33,102 to €41,562
- Gross operating margin -€27,167
down €27,167 (-12.3%), from €220,694 to €193,527
- Staff costs +€18,933
up €18,933 (+11.5%), from €164,484 to €183,417
- Depreciation -€7,592
down €7,592 (-29.4%), from €25,809 to €18,217
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 | €411,589 | €376,396 | -€35,193 | -8.6% |
| Fixed assets | 21/28 | €321,970 | €312,977 | -€8,993 | -2.8% |
| Tangible fixed assets | 22/27 | €321,970 | €312,977 | -€8,993 | -2.8% |
| Land and buildings | 22 | €309,521 | €297,022 | -€12,500 | -4.0% |
| Plant, machinery and equipment | 23 | €8,867 | €15,956 | +€7,089 | +79.9% |
| Furniture and vehicles | 24 | €3,582 | €0 | -€3,582 | -100.0% |
| Current assets | 29/58 | €89,619 | €63,419 | -€26,200 | -29.2% |
| Amounts receivable within one year | 40/41 | €82,555 | €59,944 | -€22,611 | -27.4% |
| Trade receivables | 40 | €81,905 | €59,152 | -€22,754 | -27.8% |
| Other amounts receivable | 41 | €649 | €792 | +€143 | +22.0% |
| Cash at bank and in hand | 54/58 | €588 | €849 | +€261 | +44.3% |
| Deferred charges and accrued income | 490/1 | €6,476 | €2,626 | -€3,850 | -59.5% |
| Total equity and liabilities | 10/49 | €411,589 | €376,396 | -€35,193 | -8.6% |
| Equity | 10/15 | €18,050 | -€3,029 | -€21,079 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,990 | -€11,089 | -€21,079 | |
| Amounts payable | 17/49 | €393,539 | €379,424 | -€14,114 | -3.6% |
| Amounts payable after more than one year | 17 | €276,920 | €257,405 | -€19,515 | -7.0% |
| Financial debts | 170/4 | €276,920 | €257,405 | -€19,515 | -7.0% |
| Amounts payable within one year | 42/48 | €113,119 | €122,019 | +€8,901 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €20,033 | €20,835 | +€802 | +4.0% |
| Trade debts | 44 | €41,153 | €40,210 | -€943 | -2.3% |
| Suppliers | 440/4 | €41,153 | €40,210 | -€943 | -2.3% |
| Taxes, remuneration and social security | 45 | €18,831 | €19,413 | +€582 | +3.1% |
| Taxes | 450/3 | €1,002 | €1,443 | +€441 | +44.0% |
| Remuneration and social security | 454/9 | €17,829 | €17,969 | +€141 | +0.8% |
| Other amounts payable | 47/48 | €33,102 | €41,562 | +€8,460 | +25.6% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100.0% |
| Remuneration, social security and pensions | 62 | €164,484 | €183,417 | +€18,933 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,809 | €18,217 | -€7,592 | -29.4% |
| Other operating charges | 640/8 | €598 | €739 | +€141 | +23.6% |
| Non-recurring operating charges | 66A | €146 | €0 | -€146 | -100.0% |
| Gross operating margin | 9900 | €220,694 | €193,527 | -€27,167 | -12.3% |
| Operating profit (loss) | 9901 | €29,656 | -€8,847 | -€38,503 | |
| Financial income | 75/76B | €10 | €1 | -€9 | -90.0% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -90.0% |
| Financial charges | 65/66B | €12,220 | €12,233 | +€13 | +0.1% |
| Recurring financial charges | 65 | €12,220 | €12,233 | +€13 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €17,446 | -€21,079 | -€38,525 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €17,446 | -€21,079 | -€38,525 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,446 | -€21,079 | -€38,525 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.