SYD: 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.
SYD
Largest movements
- Receivables within one year +€17,601
up €17,601 (+129.7%), from €13,574 to €31,175
of which Trade receivables: +€23,197
- Cash -€7,781
down €7,781 (-63.1%), from €12,338 to €4,557
mainly Receivables within one year (-€17,601) and Tax, wage and social debts (-€10,666)
- Profit (loss) carried forward +€12,524
up €12,524 (+66.4%), from -€18,848 to -€6,324
- Tax, wage and social debts -€10,666
down €10,666 (-44.5%), from €23,954 to €13,288
of which Remuneration and social security: -€6,837
- Trade debts +€8,278
up €8,278 (+90.7%), from €9,130 to €17,408
- Other debts -€5,265
no longer reported in 2024 (was €5,265)
- Advances received +€5,260
new in 2024: €5,260
- Turnover -€92,354
no longer reported in 2024 (was €92,354)
- Purchases and services -€45,784
no longer reported in 2024 (was €45,784)
- Staff costs -€16,798
down €16,798 (-29.4%), from €57,039 to €40,241
- Gross operating margin +€13,442
up €13,442 (+28.9%), from €46,569 to €60,011
- Taxes +€2,979
up €2,979 (+128.4%), from €2,320 to €5,299
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,012 | €35,832 | +€9,820 | +37.8% |
| Fixed assets | 21/28 | €100 | €100 | = | 0.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €25,912 | €35,732 | +€9,820 | +37.9% |
| Amounts receivable within one year | 40/41 | €13,574 | €31,175 | +€17,601 | +129.7% |
| Trade receivables | 40 | €7,000 | €30,197 | +€23,197 | +331.4% |
| Other amounts receivable | 41 | €6,574 | €978 | -€5,596 | -85.1% |
| Cash at bank and in hand | 54/58 | €12,338 | €4,557 | -€7,781 | -63.1% |
| Total equity and liabilities | 10/49 | €26,012 | €35,832 | +€9,820 | +37.8% |
| Equity | 10/15 | -€12,648 | -€124 | +€12,524 | +99.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,848 | -€6,324 | +€12,524 | +66.4% |
| Amounts payable | 17/49 | €38,660 | €35,956 | -€2,703 | -7.0% |
| Amounts payable within one year | 42/48 | €38,349 | €35,956 | -€2,393 | -6.2% |
| Trade debts | 44 | €9,130 | €17,408 | +€8,278 | +90.7% |
| Suppliers | 440/4 | €9,130 | €17,408 | +€8,278 | +90.7% |
| Advances received on contracts in progress | 46 | - | €5,260 | +€5,260 | |
| Taxes, remuneration and social security | 45 | €23,954 | €13,288 | -€10,666 | -44.5% |
| Taxes | 450/3 | €9,596 | €5,767 | -€3,829 | -39.9% |
| Remuneration and social security | 454/9 | €14,358 | €7,521 | -€6,837 | -47.6% |
| Other amounts payable | 47/48 | €5,265 | - | -€5,265 | |
| Accrued charges and deferred income | 492/3 | €311 | - | -€311 | |
| Turnover | 70 | €92,354 | - | -€92,354 | |
| Goods, raw materials, services and sundry goods | 60/61 | €45,784 | - | -€45,784 | |
| Remuneration, social security and pensions | 62 | €57,039 | €40,241 | -€16,798 | -29.4% |
| Other operating charges | 640/8 | €2,743 | €1,784 | -€958 | -34.9% |
| Gross operating margin | 9900 | €46,569 | €60,011 | +€13,442 | +28.9% |
| Operating profit (loss) | 9901 | -€13,212 | €17,986 | +€31,198 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €178 | €163 | -€15 | -8.2% |
| Recurring financial charges | 65 | €178 | €163 | -€15 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | -€13,390 | €17,823 | +€31,213 | |
| Income taxes | 67/77 | €2,320 | €5,299 | +€2,979 | +128.4% |
| Profit (loss) for the period | 9904 | -€15,710 | €12,524 | +€28,234 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,710 | €12,524 | +€28,234 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.