SYDE: 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.
SYDE
Largest movements
- Cash +€103,601
up €103,601 (+55.0%), from €188,384 to €291,985
mainly Net result for the year (+€89,210) and Receivables within one year (+€10,745)
- Receivables within one year -€10,745
down €10,745 (-38.1%), from €28,196 to €17,451
of which Trade receivables: -€10,745
- Tangible fixed assets -€4,286
down €4,286 (-41.9%), from €10,232 to €5,945
- Profit (loss) carried forward +€88,377
up €88,377 (+42.2%), from €209,464 to €297,841
- Gross operating margin +€20,217
up €20,217 (+20.7%), from €97,565 to €117,782
- Taxes +€5,194
up €5,194 (+27.3%), from €19,021 to €24,216
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 | €227,220 | €317,907 | +€90,688 | +39.9% |
| Fixed assets | 21/28 | €10,232 | €5,945 | -€4,286 | -41.9% |
| Tangible fixed assets | 22/27 | €10,232 | €5,945 | -€4,286 | -41.9% |
| Furniture and vehicles | 24 | €10,232 | €5,945 | -€4,286 | -41.9% |
| Current assets | 29/58 | €216,988 | €311,962 | +€94,974 | +43.8% |
| Amounts receivable within one year | 40/41 | €28,196 | €17,451 | -€10,745 | -38.1% |
| Trade receivables | 40 | €26,747 | €16,002 | -€10,745 | -40.2% |
| Other amounts receivable | 41 | €1,449 | €1,449 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €188,384 | €291,985 | +€103,601 | +55.0% |
| Deferred charges and accrued income | 490/1 | €408 | €2,526 | +€2,119 | +519.6% |
| Total equity and liabilities | 10/49 | €227,220 | €317,907 | +€90,688 | +39.9% |
| Equity | 10/15 | €217,464 | €305,841 | +€88,377 | +40.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €209,464 | €297,841 | +€88,377 | +42.2% |
| Amounts payable | 17/49 | €9,756 | €12,067 | +€2,311 | +23.7% |
| Amounts payable within one year | 42/48 | €9,756 | €12,067 | +€2,311 | +23.7% |
| Trade debts | 44 | €72 | €37 | -€35 | -49.1% |
| Suppliers | 440/4 | €72 | €37 | -€35 | -49.1% |
| Taxes, remuneration and social security | 45 | €8,298 | €10,670 | +€2,372 | +28.6% |
| Taxes | 450/3 | €8,298 | €10,670 | +€2,372 | +28.6% |
| Other amounts payable | 47/48 | €1,386 | €1,360 | -€26 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,738 | €4,286 | -€452 | -9.5% |
| Gross operating margin | 9900 | €97,565 | €117,782 | +€20,217 | +20.7% |
| Operating profit (loss) | 9901 | €92,827 | €113,496 | +€20,669 | +22.3% |
| Financial income | 75/76B | €4 | €1 | -€3 | -80.9% |
| Recurring financial income | 75 | €4 | €1 | -€3 | -80.9% |
| Financial charges | 65/66B | €79 | €70 | -€8 | -10.4% |
| Recurring financial charges | 65 | €79 | €70 | -€8 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €92,752 | €113,426 | +€20,674 | +22.3% |
| Income taxes | 67/77 | €19,021 | €24,216 | +€5,194 | +27.3% |
| Profit (loss) for the period | 9904 | €73,731 | €89,210 | +€15,480 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,731 | €89,210 | +€15,480 | +21.0% |
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 6 October 2026 via checked.be.