SYDEX: 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.
SYDEX
Largest movements
- Tangible fixed assets -€248,750
down €248,750 (-71.7%), from €347,025 to €98,275
of which Land and buildings: -€219,797
- Cash +€146,505
up €146,505 (+46.6%), from €314,084 to €460,589
mainly Investment in fixed assets (net) (+€243,356) and Net result for the year (+€111,661)
- Receivables within one year +€11,535
up €11,535 (+307.0%), from €3,757 to €15,292
- Profit (loss) carried forward +€111,661
up €111,661 (+60.6%), from €184,196 to €295,857
- Debts after one year -€86,375
down €86,375 (-39.5%), from €218,811 to €132,436
of which Financial debts: -€76,375
- Tax, wage and social debts -€62,919
down €62,919 (-95.5%), from €65,887 to €2,968
- Trade debts -€25,893
down €25,893 (-64.6%), from €40,051 to €14,158
- Current portion of long-term debt -€23,896
no longer reported in 2025 (was €23,896)
- Gross operating margin +€80,858
up €80,858 (+188.1%), from €42,988 to €123,846
- Depreciation -€17,485
down €17,485 (-76.4%), from €22,879 to €5,394
- Taxes -€13,593
down €13,593 (-98.7%), from €13,770 to €177
- Financial charges +€1,957
up €1,957 (+53.5%), from €3,657 to €5,614
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 | €665,016 | €574,306 | -€90,710 | -13.6% |
| Fixed assets | 21/28 | €347,175 | €98,425 | -€248,750 | -71.6% |
| Tangible fixed assets | 22/27 | €347,025 | €98,275 | -€248,750 | -71.7% |
| Land and buildings | 22 | €317,726 | €97,929 | -€219,797 | -69.2% |
| Plant, machinery and equipment | 23 | €28,046 | - | -€28,046 | |
| Furniture and vehicles | 24 | €1,253 | €346 | -€907 | -72.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €317,841 | €475,881 | +€158,040 | +49.7% |
| Amounts receivable within one year | 40/41 | €3,757 | €15,292 | +€11,535 | +307.0% |
| Trade receivables | 40 | €3,757 | €15,292 | +€11,535 | +307.0% |
| Cash at bank and in hand | 54/58 | €314,084 | €460,589 | +€146,505 | +46.6% |
| Total equity and liabilities | 10/49 | €665,016 | €574,306 | -€90,710 | -13.6% |
| Equity | 10/15 | €223,406 | €335,067 | +€111,661 | +50.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €184,196 | €295,857 | +€111,661 | +60.6% |
| Amounts payable | 17/49 | €441,610 | €239,239 | -€202,371 | -45.8% |
| Amounts payable after more than one year | 17 | €218,811 | €132,436 | -€86,375 | -39.5% |
| Financial debts | 170/4 | €76,375 | - | -€76,375 | |
| Other amounts payable | 178/9 | €142,436 | €132,436 | -€10,000 | -7.0% |
| Amounts payable within one year | 42/48 | €179,999 | €64,303 | -€115,696 | -64.3% |
| Current portion of amounts payable after more than one year | 42 | €23,896 | - | -€23,896 | |
| Trade debts | 44 | €40,051 | €14,158 | -€25,893 | -64.6% |
| Suppliers | 440/4 | €40,051 | €14,158 | -€25,893 | -64.6% |
| Taxes, remuneration and social security | 45 | €65,887 | €2,968 | -€62,919 | -95.5% |
| Taxes | 450/3 | €65,887 | €2,968 | -€62,919 | -95.5% |
| Other amounts payable | 47/48 | €50,164 | €47,177 | -€2,988 | -6.0% |
| Accrued charges and deferred income | 492/3 | €42,800 | €42,500 | -€300 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,879 | €5,394 | -€17,485 | -76.4% |
| Other operating charges | 640/8 | €1,195 | €1,001 | -€194 | -16.2% |
| Gross operating margin | 9900 | €42,988 | €123,846 | +€80,858 | +188.1% |
| Operating profit (loss) | 9901 | €18,914 | €117,451 | +€98,537 | +521.0% |
| Financial income | 75/76B | €13 | €1 | -€12 | -95.2% |
| Recurring financial income | 75 | €13 | €1 | -€12 | -95.2% |
| Financial charges | 65/66B | €3,657 | €5,614 | +€1,957 | +53.5% |
| Recurring financial charges | 65 | €3,657 | €5,614 | +€1,957 | +53.5% |
| Profit (loss) for the period before taxes | 9903 | €15,270 | €111,838 | +€96,567 | +632.4% |
| Income taxes | 67/77 | €13,770 | €177 | -€13,593 | -98.7% |
| Profit (loss) for the period | 9904 | €1,500 | €111,661 | +€110,161 | +7343.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,500 | €111,661 | +€110,161 | +7343.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.