SYCOPLUS: 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.
SYCOPLUS
Largest movements
- Tangible fixed assets +€33,089
up €33,089 (+66.8%), from €49,554 to €82,643
of which Furniture and vehicles: +€36,695
- Receivables within one year +€25,642
up €25,642 (+1747.3%), from €1,468 to €27,109
of which Other amounts receivable: +€25,505
- Cash -€17,150
down €17,150 (-76.4%), from €22,434 to €5,284
mainly Investment in fixed assets (net) (-€55,786) and Contributions, distributions and other (-€40,000)
- Deferred charges and accrued income +€2,007
new in 2025: €2,007
- Intangible fixed assets -€1,834
down €1,834 (-85.1%), from €2,155 to €321
- Debts after one year +€42,127
new in 2025: €42,127
- Profit (loss) carried forward -€13,917
down €13,917 (-81.9%), from €16,983 to €3,066
- Trade debts +€11,245
up €11,245 (+1328.2%), from €847 to €12,092
- Tax, wage and social debts +€8,995
up €8,995 (+66.0%), from €13,635 to €22,630
of which Taxes: +€7,000
- Current portion of long-term debt -€6,726
down €6,726 (-26.9%), from €24,981 to €18,255
- Gross operating margin +€43,321
up €43,321 (+74.2%), from €58,391 to €101,712
- Staff costs +€12,827
up €12,827 (+56.7%), from €22,610 to €35,438
- Depreciation +€12,256
up €12,256 (+99.8%), from €12,275 to €24,531
- Taxes +€3,858
up €3,858 (+50.0%), from €7,710 to €11,568
- Financial income +€1,187
up €1,187 (+282.1%), from €421 to €1,608
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 | €75,701 | €117,454 | +€41,753 | +55.2% |
| Fixed assets | 21/28 | €51,799 | €83,054 | +€31,255 | +60.3% |
| Intangible fixed assets | 21 | €2,155 | €321 | -€1,834 | -85.1% |
| Tangible fixed assets | 22/27 | €49,554 | €82,643 | +€33,089 | +66.8% |
| Land and buildings | 22 | €1,891 | €1,834 | -€57 | -3.0% |
| Plant, machinery and equipment | 23 | €32,237 | €28,688 | -€3,550 | -11.0% |
| Furniture and vehicles | 24 | €15,426 | €52,121 | +€36,695 | +237.9% |
| Financial fixed assets | 28 | €90 | €90 | = | 0.0% |
| Current assets | 29/58 | €23,902 | €34,400 | +€10,498 | +43.9% |
| Amounts receivable within one year | 40/41 | €1,468 | €27,109 | +€25,642 | +1747.3% |
| Trade receivables | 40 | €1,468 | €1,605 | +€137 | +9.3% |
| Other amounts receivable | 41 | - | €25,505 | +€25,505 | |
| Cash at bank and in hand | 54/58 | €22,434 | €5,284 | -€17,150 | -76.4% |
| Deferred charges and accrued income | 490/1 | - | €2,007 | +€2,007 | |
| Total equity and liabilities | 10/49 | €75,701 | €117,454 | +€41,753 | +55.2% |
| Equity | 10/15 | €36,003 | €22,086 | -€13,917 | -38.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €420 | €420 | = | 0.0% |
| Non-distributable reserves | 130/1 | €420 | €420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €420 | €420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,983 | €3,066 | -€13,917 | -81.9% |
| Amounts payable | 17/49 | €39,697 | €95,368 | +€55,670 | +140.2% |
| Amounts payable after more than one year | 17 | - | €42,127 | +€42,127 | |
| Financial debts | 170/4 | - | €42,127 | +€42,127 | |
| Amounts payable within one year | 42/48 | €39,697 | €53,240 | +€13,543 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €24,981 | €18,255 | -€6,726 | -26.9% |
| Trade debts | 44 | €847 | €12,092 | +€11,245 | +1328.2% |
| Suppliers | 440/4 | €847 | €12,092 | +€11,245 | +1328.2% |
| Advances received on contracts in progress | 46 | - | €264 | +€264 | |
| Taxes, remuneration and social security | 45 | €13,635 | €22,630 | +€8,995 | +66.0% |
| Taxes | 450/3 | €10,600 | €17,600 | +€7,000 | +66.0% |
| Remuneration and social security | 454/9 | €3,035 | €5,030 | +€1,995 | +65.8% |
| Other amounts payable | 47/48 | €235 | - | -€235 | |
| Non-recurring operating income | 76A | - | €1,000 | +€1,000 | |
| Remuneration, social security and pensions | 62 | €22,610 | €35,438 | +€12,827 | +56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,275 | €24,531 | +€12,256 | +99.8% |
| Other operating charges | 640/8 | €2,410 | €3,188 | +€779 | +32.3% |
| Gross operating margin | 9900 | €58,391 | €101,712 | +€43,321 | +74.2% |
| Operating profit (loss) | 9901 | €21,097 | €38,556 | +€17,459 | +82.8% |
| Financial income | 75/76B | €421 | €1,608 | +€1,187 | +282.1% |
| Recurring financial income | 75 | €421 | €1,608 | +€1,187 | +282.1% |
| Financial charges | 65/66B | €1,665 | €2,513 | +€849 | +51.0% |
| Recurring financial charges | 65 | €1,665 | €2,513 | +€849 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €19,853 | €37,651 | +€17,798 | +89.6% |
| Income taxes | 67/77 | €7,710 | €11,568 | +€3,858 | +50.0% |
| Profit (loss) for the period | 9904 | €12,143 | €26,083 | +€13,940 | +114.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,143 | €26,083 | +€13,940 | +114.8% |
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 9 October 2026 via checked.be.