SYDEL: 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.
SYDEL
Largest movements
- Tangible fixed assets -€13,583
down €13,583 (-3.6%), from €375,752 to €362,169
- Profit (loss) carried forward -€16,452
down €16,452 (-20.6%), from -€79,869 to -€96,321
- Other debts +€12,560
up €12,560 (+52.4%), from €23,966 to €36,525
- Debts after one year -€9,690
down €9,690 (-7.8%), from €124,038 to €114,348
of which Financial debts: -€9,690
- Gross operating margin -€1,342
down €1,342 (-75.6%), from €1,775 to €433
- Depreciation -€518
down €518 (-3.7%), from €14,101 to €13,583
- Financial charges -€335
down €335 (-22.6%), from €1,487 to €1,151
- Other operating charges +€65
up €65 (+3.1%), from €2,086 to €2,151
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 | €377,477 | €364,243 | -€13,235 | -3.5% |
| Fixed assets | 21/28 | €375,752 | €362,169 | -€13,583 | -3.6% |
| Tangible fixed assets | 22/27 | €375,752 | €362,169 | -€13,583 | -3.6% |
| Land and buildings | 22 | €375,752 | €362,169 | -€13,583 | -3.6% |
| Current assets | 29/58 | €1,725 | €2,073 | +€348 | +20.2% |
| Cash at bank and in hand | 54/58 | €1,725 | €2,073 | +€348 | +20.2% |
| Total equity and liabilities | 10/49 | €377,477 | €364,243 | -€13,235 | -3.5% |
| Equity | 10/15 | €220,131 | €203,679 | -€16,452 | -7.5% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Outside capital | 11 | €300,000 | €300,000 | = | 0.0% |
| Other | 1109/19 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€79,869 | -€96,321 | -€16,452 | -20.6% |
| Amounts payable | 17/49 | €157,346 | €160,564 | +€3,217 | +2.0% |
| Amounts payable after more than one year | 17 | €124,038 | €114,348 | -€9,690 | -7.8% |
| Financial debts | 170/4 | €24,038 | €14,348 | -€9,690 | -40.3% |
| Other amounts payable | 178/9 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,308 | €46,215 | +€12,908 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €9,342 | €9,690 | +€348 | +3.7% |
| Other amounts payable | 47/48 | €23,966 | €36,525 | +€12,560 | +52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,101 | €13,583 | -€518 | -3.7% |
| Other operating charges | 640/8 | €2,086 | €2,151 | +€65 | +3.1% |
| Gross operating margin | 9900 | €1,775 | €433 | -€1,342 | -75.6% |
| Operating profit (loss) | 9901 | -€14,412 | -€15,301 | -€889 | -6.2% |
| Financial charges | 65/66B | €1,487 | €1,151 | -€335 | -22.6% |
| Recurring financial charges | 65 | €1,487 | €1,151 | -€335 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,898 | -€16,452 | -€554 | -3.5% |
| Profit (loss) for the period | 9904 | -€15,898 | -€16,452 | -€554 | -3.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,898 | -€16,452 | -€554 | -3.5% |
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.