SYDEX TRANSPORTS: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
SYDEX TRANSPORTS
Largest movements
- Receivables within one year -€165,742
down €165,742 (-69.9%), from €237,282 to €71,540
of which Trade receivables: -€163,561
- Cash +€62,705
up €62,705 (+57.5%), from €109,109 to €171,815
mainly Receivables within one year (+€165,742) and Depreciation (+€45,768)
- Tangible fixed assets -€29,914
down €29,914 (-7.6%), from €392,410 to €362,496
of which Land and buildings: -€16,486
- Deferred charges and accrued income +€17,731
new in 2025: €17,731
- Reserves -€38,470
down €38,470 (-11.7%), from €328,700 to €290,230
of which Distributable reserves: -€38,470
- Profit (loss) carried forward -€38,134
down €38,134, from €6 to -€38,128
- Tax, wage and social debts -€26,511
down €26,511 (-31.2%), from €84,885 to €58,374
of which Remuneration and social security: -€29,096
- Debts after one year -€23,092
down €23,092 (-8.5%), from €272,525 to €249,434
- Gross operating margin -€85,825
down €85,825 (-16.1%), from €531,998 to €446,173
- Staff costs +€65,625
up €65,625 (+18.1%), from €362,819 to €428,444
- Taxes -€30,009
down €30,009 (-99.5%), from €30,149 to €140
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €738,800 | €623,581 | -€115,219 | -15.6% |
| Fixed assets | 21/28 | €392,410 | €362,496 | -€29,914 | -7.6% |
| Tangible fixed assets | 22/27 | €392,410 | €362,496 | -€29,914 | -7.6% |
| Land and buildings | 22 | €349,232 | €332,746 | -€16,486 | -4.7% |
| Furniture and vehicles | 24 | €43,177 | €29,750 | -€13,428 | -31.1% |
| Current assets | 29/58 | €346,391 | €261,086 | -€85,305 | -24.6% |
| Amounts receivable within one year | 40/41 | €237,282 | €71,540 | -€165,742 | -69.9% |
| Trade receivables | 40 | €234,084 | €70,523 | -€163,561 | -69.9% |
| Other amounts receivable | 41 | €3,198 | €1,017 | -€2,181 | -68.2% |
| Cash at bank and in hand | 54/58 | €109,109 | €171,815 | +€62,705 | +57.5% |
| Deferred charges and accrued income | 490/1 | - | €17,731 | +€17,731 | |
| Total equity and liabilities | 10/49 | €738,800 | €623,581 | -€115,219 | -15.6% |
| Equity | 10/15 | €341,206 | €264,602 | -€76,604 | -22.5% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €328,700 | €290,230 | -€38,470 | -11.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €326,840 | €288,370 | -€38,470 | -11.8% |
| Profit (loss) carried forward | 14 | €6 | -€38,128 | -€38,134 | |
| Amounts payable | 17/49 | €397,594 | €358,979 | -€38,615 | -9.7% |
| Amounts payable after more than one year | 17 | €272,525 | €249,434 | -€23,092 | -8.5% |
| Financial debts | 170/4 | €272,525 | €249,434 | -€23,092 | -8.5% |
| Amounts payable within one year | 42/48 | €125,069 | €109,546 | -€15,523 | -12.4% |
| Current portion of amounts payable after more than one year | 42 | €30,015 | €31,522 | +€1,507 | +5.0% |
| Trade debts | 44 | €10,169 | €11,737 | +€1,569 | +15.4% |
| Suppliers | 440/4 | €10,169 | €11,737 | +€1,569 | +15.4% |
| Advances received on contracts in progress | 46 | - | €2,500 | +€2,500 | |
| Taxes, remuneration and social security | 45 | €84,885 | €58,374 | -€26,511 | -31.2% |
| Taxes | 450/3 | €23,220 | €25,804 | +€2,585 | +11.1% |
| Remuneration and social security | 454/9 | €61,666 | €32,570 | -€29,096 | -47.2% |
| Other amounts payable | 47/48 | - | €5,412 | +€5,412 | |
| Remuneration, social security and pensions | 62 | €362,819 | €428,444 | +€65,625 | +18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,152 | €45,768 | -€384 | -0.8% |
| Other operating charges | 640/8 | €7,510 | €4,083 | -€3,427 | -45.6% |
| Gross operating margin | 9900 | €531,998 | €446,173 | -€85,825 | -16.1% |
| Operating profit (loss) | 9901 | €115,517 | -€32,122 | -€147,639 | |
| Financial income | 75/76B | - | €524 | +€524 | |
| Recurring financial income | 75 | - | €524 | +€524 | |
| Financial charges | 65/66B | €7,135 | €6,396 | -€739 | -10.4% |
| Recurring financial charges | 65 | €7,135 | €6,396 | -€739 | -10.4% |
| Profit (loss) for the period before taxes | 9903 | €108,382 | -€37,994 | -€146,376 | |
| Income taxes | 67/77 | €30,149 | €140 | -€30,009 | -99.5% |
| Profit (loss) for the period | 9904 | €78,233 | -€38,134 | -€116,368 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,233 | -€38,134 | -€116,368 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.