SYDONIA: what changed
Two financial 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.
SYDONIA
Largest movements
- Receivables within one year +€29,436
up €29,436 (+344%), from €8,564 to €38,000
of which Trade receivables: +€30,000
- Intangible fixed assets -€2,284
down €2,284 (-67.8%), from €3,370 to €1,086
- Reserves +€25,200
up €25,200 (+265%), from €9,500 to €34,700
- Tax, wage and social debts +€10,587
up €10,587 (+73.0%), from €14,510 to €25,097
of which Taxes: +€10,437
- Debts after one year -€9,900
down €9,900 (-100%), from €9,900 to €0
- Current portion of long-term debt -€3,406
down €3,406 (-23.9%), from €14,267 to €10,861
- Other debts +€2,200
up €2,200 (+34.9%), from €6,296 to €8,496
- Gross operating margin +€21,582
up €21,582 (+133%), from €16,172 to €37,754
- Taxes +€6,173
up €6,173 (+159%), from €3,875 to €10,049
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.
Derived cash bridge
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 | €98,448 | €124,447 | +€26,000 | +26.4% |
| Fixed assets | 21/28 | €88,370 | €86,086 | -€2,284 | -2.6% |
| Intangible fixed assets | 21 | €3,370 | €1,086 | -€2,284 | -67.8% |
| Financial fixed assets | 28 | €85,000 | €85,000 | = | 0.0% |
| Current assets | 29/58 | €10,078 | €38,362 | +€28,284 | +281% |
| Amounts receivable within one year | 40/41 | €8,564 | €38,000 | +€29,436 | +344% |
| Trade receivables | 40 | €8,000 | €38,000 | +€30,000 | +375% |
| Other amounts receivable | 41 | €564 | €0 | -€564 | -100% |
| Cash at bank and in hand | 54/58 | €1,514 | €362 | -€1,153 | -76.1% |
| Total equity and liabilities | 10/49 | €98,448 | €124,447 | +€26,000 | +26.4% |
| Equity | 10/15 | €52,972 | €77,476 | +€24,504 | +46.3% |
| Contributions | 10/11 | €18,710 | €18,710 | = | 0.0% |
| Reserves | 13 | €9,500 | €34,700 | +€25,200 | +265% |
| Distributable reserves | 133 | €9,500 | €34,700 | +€25,200 | +265% |
| Profit (loss) carried forward | 14 | €23,754 | €23,792 | +€38 | +0.2% |
| Investment grants | 15 | €1,008 | €274 | -€734 | -72.9% |
| Amounts payable | 17/49 | €45,475 | €46,971 | +€1,496 | +3.3% |
| Amounts payable after more than one year | 17 | €9,900 | €0 | -€9,900 | -100% |
| Financial debts | 170/4 | €9,900 | €0 | -€9,900 | -100% |
| Amounts payable within one year | 42/48 | €35,554 | €46,962 | +€11,408 | +32.1% |
| Current portion of amounts payable after more than one year | 42 | €14,267 | €10,861 | -€3,406 | -23.9% |
| Trade debts | 44 | €481 | €2,508 | +€2,026 | +421% |
| Suppliers | 440/4 | €481 | €2,508 | +€2,026 | +421% |
| Taxes, remuneration and social security | 45 | €14,510 | €25,097 | +€10,587 | +73.0% |
| Taxes | 450/3 | €9,960 | €20,397 | +€10,437 | +105% |
| Remuneration and social security | 454/9 | €4,550 | €4,700 | +€150 | +3.3% |
| Other amounts payable | 47/48 | €6,296 | €8,496 | +€2,200 | +34.9% |
| Accrued charges and deferred income | 492/3 | €21 | €9 | -€12 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,284 | €2,284 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €16,172 | €37,754 | +€21,582 | +133% |
| Operating profit (loss) | 9901 | €13,501 | €35,070 | +€21,569 | +160% |
| Financial income | 75/76B | €734 | €734 | = | 0.0% |
| Recurring financial income | 75 | €734 | €734 | = | 0.0% |
| Financial charges | 65/66B | €703 | €517 | -€186 | -26.4% |
| Recurring financial charges | 65 | €703 | €517 | -€186 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €13,532 | €35,287 | +€21,755 | +161% |
| Income taxes | 67/77 | €3,875 | €10,049 | +€6,173 | +159% |
| Profit (loss) for the period | 9904 | €9,657 | €25,238 | +€15,581 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €9,657 | €25,238 | +€15,581 | +161% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.