SYDWELL: 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.
SYDWELL
Largest movements
- Deferred charges and accrued income -€53,695
no longer reported in 2025 (was €53,695)
- Cash +€49,032
up €49,032 (+209%), from €23,449 to €72,481
mainly Other debts (+€59,005) and Deferred charges and accrued income (+€53,695)
- Tangible fixed assets -€9,923
down €9,923 (-39.4%), from €25,181 to €15,258
of which Furniture and vehicles: -€9,696
- Receivables within one year +€2,720
up €2,720 (+381%), from €713 to €3,433
of which Other amounts receivable: +€2,726
- Reserves -€67,498
down €67,498 (-82.3%), from €82,007 to €14,509
- Other debts +€59,005
new in 2025: €59,005
- Tax, wage and social debts -€5,128
down €5,128 (-28.6%), from €17,931 to €12,803
of which Taxes: -€7,382
- Trade debts +€1,855
new in 2025: €1,855
- Gross operating margin -€6,405
down €6,405 (-42.5%), from €15,076 to €8,671
- Depreciation -€3,460
down €3,460 (-25.9%), from €13,383 to €9,923
- Taxes -€1,230
down €1,230 (-16.8%), from €7,334 to €6,104
- Other operating charges -€158
down €158 (-10.9%), from €1,455 to €1,297
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 | €103,098 | €91,172 | -€11,926 | -11.6% |
| Fixed assets | 21/28 | €25,241 | €15,258 | -€9,983 | -39.6% |
| Tangible fixed assets | 22/27 | €25,181 | €15,258 | -€9,923 | -39.4% |
| Furniture and vehicles | 24 | €9,696 | - | -€9,696 | |
| Other tangible fixed assets | 26 | €15,485 | €15,258 | -€227 | -1.5% |
| Financial fixed assets | 28 | €60 | - | -€60 | |
| Current assets | 29/58 | €77,857 | €75,914 | -€1,943 | -2.5% |
| Amounts receivable within one year | 40/41 | €713 | €3,433 | +€2,720 | +381% |
| Trade receivables | 40 | €542 | €536 | -€6 | -1.1% |
| Other amounts receivable | 41 | €171 | €2,897 | +€2,726 | +1,594% |
| Cash at bank and in hand | 54/58 | €23,449 | €72,481 | +€49,032 | +209% |
| Deferred charges and accrued income | 490/1 | €53,695 | - | -€53,695 | |
| Total equity and liabilities | 10/49 | €103,098 | €91,172 | -€11,926 | -11.6% |
| Equity | 10/15 | €85,007 | €17,509 | -€67,498 | -79.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €82,007 | €14,509 | -€67,498 | -82.3% |
| Distributable reserves | 133 | €82,007 | €14,509 | -€67,498 | -82.3% |
| Amounts payable | 17/49 | €18,091 | €73,663 | +€55,572 | +307% |
| Amounts payable within one year | 42/48 | €17,931 | €73,663 | +€55,732 | +311% |
| Trade debts | 44 | - | €1,855 | +€1,855 | |
| Suppliers | 440/4 | - | €1,855 | +€1,855 | |
| Taxes, remuneration and social security | 45 | €17,931 | €12,803 | -€5,128 | -28.6% |
| Taxes | 450/3 | €15,244 | €7,862 | -€7,382 | -48.4% |
| Remuneration and social security | 454/9 | €2,687 | €4,941 | +€2,254 | +83.9% |
| Other amounts payable | 47/48 | - | €59,005 | +€59,005 | |
| Accrued charges and deferred income | 492/3 | €160 | - | -€160 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,383 | €9,923 | -€3,460 | -25.9% |
| Other operating charges | 640/8 | €1,455 | €1,297 | -€158 | -10.9% |
| Gross operating margin | 9900 | €15,076 | €8,671 | -€6,405 | -42.5% |
| Operating profit (loss) | 9901 | €238 | -€2,549 | -€2,787 | |
| Financial charges | 65/66B | €26 | €21 | -€5 | -19.2% |
| Recurring financial charges | 65 | €26 | €21 | -€5 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €212 | -€2,570 | -€2,782 | |
| Income taxes | 67/77 | €7,334 | €6,104 | -€1,230 | -16.8% |
| Profit (loss) for the period | 9904 | -€7,122 | -€8,674 | -€1,552 | -21.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,122 | -€8,674 | -€1,552 | -21.8% |
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 30 October 2026 via checked.be.