SYGE: 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.
SYGE
Largest movements
- Tangible fixed assets +€89,932
up €89,932 (+26.2%), from €343,469 to €433,402
of which Furniture and vehicles: +€51,608
- Cash -€70,837
down €70,837 (-30.9%), from €229,392 to €158,555
mainly Investment in fixed assets (net) (-€156,481) and Contributions, distributions and other (-€65,779)
- Receivables within one year +€20,428
up €20,428 (+10.4%), from €196,156 to €216,584
of which Trade receivables: +€20,805
- Reserves +€83,347
up €83,347 (+16.4%), from €506,738 to €590,085
- Current portion of long-term debt -€38,257
down €38,257 (-73.3%), from €52,171 to €13,914
- Debts after one year -€13,914
down €13,914 (-33.3%), from €41,744 to €27,830
- Gross operating margin +€42,639
up €42,639 (+9.4%), from €455,941 to €498,579
- Staff costs +€23,784
up €23,784 (+12.7%), from €186,878 to €210,662
- Depreciation +€7,705
up €7,705 (+13.1%), from €58,843 to €66,548
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 | €825,868 | €865,224 | +€39,355 | +4.8% |
| Fixed assets | 21/28 | €343,469 | €433,402 | +€89,932 | +26.2% |
| Tangible fixed assets | 22/27 | €343,469 | €433,402 | +€89,932 | +26.2% |
| Land and buildings | 22 | €267,167 | €298,420 | +€31,253 | +11.7% |
| Plant, machinery and equipment | 23 | €36,946 | €31,521 | -€5,425 | -14.7% |
| Furniture and vehicles | 24 | €37,277 | €88,885 | +€51,608 | +138.4% |
| Other tangible fixed assets | 26 | €2,080 | €14,576 | +€12,496 | +600.8% |
| Current assets | 29/58 | €482,399 | €431,822 | -€50,577 | -10.5% |
| Amounts receivable within one year | 40/41 | €196,156 | €216,584 | +€20,428 | +10.4% |
| Trade receivables | 40 | €195,779 | €216,584 | +€20,805 | +10.6% |
| Other amounts receivable | 41 | €378 | €0 | -€378 | -100.0% |
| Current investments | 50/53 | €54,162 | €53,013 | -€1,150 | -2.1% |
| Cash at bank and in hand | 54/58 | €229,392 | €158,555 | -€70,837 | -30.9% |
| Deferred charges and accrued income | 490/1 | €2,688 | €3,670 | +€982 | +36.5% |
| Total equity and liabilities | 10/49 | €825,868 | €865,224 | +€39,355 | +4.8% |
| Equity | 10/15 | €613,293 | €696,639 | +€83,347 | +13.6% |
| Contributions | 10/11 | €56,000 | €56,000 | = | 0.0% |
| Reserves | 13 | €506,738 | €590,085 | +€83,347 | +16.4% |
| Distributable reserves | 133 | €506,738 | €590,085 | +€83,347 | +16.4% |
| Profit (loss) carried forward | 14 | €50,554 | €50,554 | = | 0.0% |
| Amounts payable | 17/49 | €212,576 | €168,584 | -€43,992 | -20.7% |
| Amounts payable after more than one year | 17 | €41,744 | €27,830 | -€13,914 | -33.3% |
| Financial debts | 170/4 | €41,744 | €27,830 | -€13,914 | -33.3% |
| Amounts payable within one year | 42/48 | €170,832 | €140,660 | -€30,172 | -17.7% |
| Current portion of amounts payable after more than one year | 42 | €52,171 | €13,914 | -€38,257 | -73.3% |
| Trade debts | 44 | €44,908 | €43,759 | -€1,150 | -2.6% |
| Suppliers | 440/4 | €44,908 | €43,759 | -€1,150 | -2.6% |
| Taxes, remuneration and social security | 45 | €73,623 | €81,748 | +€8,125 | +11.0% |
| Taxes | 450/3 | €67,265 | €74,349 | +€7,085 | +10.5% |
| Remuneration and social security | 454/9 | €6,358 | €7,399 | +€1,040 | +16.4% |
| Other amounts payable | 47/48 | €130 | €1,240 | +€1,110 | +855.6% |
| Accrued charges and deferred income | 492/3 | - | €94 | +€94 | |
| Remuneration, social security and pensions | 62 | €186,878 | €210,662 | +€23,784 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,843 | €66,548 | +€7,705 | +13.1% |
| Other operating charges | 640/8 | €4,063 | €5,337 | +€1,274 | +31.3% |
| Gross operating margin | 9900 | €455,941 | €498,579 | +€42,639 | +9.4% |
| Operating profit (loss) | 9901 | €206,156 | €216,032 | +€9,876 | +4.8% |
| Financial income | 75/76B | €4,888 | €2,262 | -€2,626 | -53.7% |
| Recurring financial income | 75 | €4,888 | €2,262 | -€2,626 | -53.7% |
| Financial charges | 65/66B | €4,096 | €2,818 | -€1,277 | -31.2% |
| Recurring financial charges | 65 | €4,096 | €2,818 | -€1,277 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €206,948 | €215,476 | +€8,528 | +4.1% |
| Income taxes | 67/77 | €63,439 | €66,350 | +€2,911 | +4.6% |
| Profit (loss) for the period | 9904 | €143,509 | €149,126 | +€5,617 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €143,509 | €149,126 | +€5,617 | +3.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.