SYGIBEL: 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.
SYGIBEL
Largest movements
- Cash -€156,163
down €156,163 (-64.2%), from €243,343 to €87,179
mainly Net result for the year (-€269,799) and Investment in fixed assets (net) (-€8,342)
- Receivables within one year -€42,657
down €42,657 (-21.9%), from €194,637 to €151,980
of which Trade receivables: -€90,152
- Intangible fixed assets -€28,696
down €28,696 (-37.5%), from €76,492 to €47,797
- Tangible fixed assets -€20,681
down €20,681 (-35.8%), from €57,792 to €37,111
of which Other tangible fixed assets: -€24,560
- Profit (loss) carried forward -€269,799
down €269,799 (-15.6%), from -€1.7m to -€2.0m
- Tax, wage and social debts +€9,705
up €9,705 (+60.7%), from €15,982 to €25,687
of which Taxes: +€11,893
- Gross operating margin -€109,664
down €109,664 (-15,595%), from -€703 to -€110,367
- Staff costs +€33,161
up €33,161 (+54.8%), from €60,527 to €93,688
- Other operating charges -€32,810
down €32,810 (-88.3%), from €37,163 to €4,353
- Depreciation -€15,764
down €15,764 (-21.5%), from €73,483 to €57,719
- Financial income +€1,919
up €1,919 (+32,414%), from €6 to €1,925
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €836,442 | €573,750 | -€262,692 | -31.4% |
| Fixed assets | 21/28 | €141,386 | €92,010 | -€49,376 | -34.9% |
| Intangible fixed assets | 21 | €76,492 | €47,797 | -€28,696 | -37.5% |
| Tangible fixed assets | 22/27 | €57,792 | €37,111 | -€20,681 | -35.8% |
| Furniture and vehicles | 24 | €2,453 | €6,331 | +€3,879 | +158% |
| Other tangible fixed assets | 26 | €55,339 | €30,779 | -€24,560 | -44.4% |
| Financial fixed assets | 28 | €7,102 | €7,102 | = | 0.0% |
| Current assets | 29/58 | €695,056 | €481,740 | -€213,316 | -30.7% |
| Stocks and contracts in progress | 3 | €248,039 | €239,719 | -€8,319 | -3.4% |
| Stocks | 30/36 | €248,039 | €239,719 | -€8,319 | -3.4% |
| Amounts receivable within one year | 40/41 | €194,637 | €151,980 | -€42,657 | -21.9% |
| Trade receivables | 40 | €193,247 | €103,096 | -€90,152 | -46.7% |
| Other amounts receivable | 41 | €1,389 | €48,884 | +€47,495 | +3,418% |
| Cash at bank and in hand | 54/58 | €243,343 | €87,179 | -€156,163 | -64.2% |
| Deferred charges and accrued income | 490/1 | €9,038 | €2,862 | -€6,176 | -68.3% |
| Total equity and liabilities | 10/49 | €836,442 | €573,750 | -€262,692 | -31.4% |
| Equity | 10/15 | €727,352 | €457,553 | -€269,799 | -37.1% |
| Contributions | 10/11 | €2,462,000 | €2,462,000 | = | 0.0% |
| Capital | 10 | €122,000 | €122,000 | = | 0.0% |
| Issued capital | 100 | €122,000 | €122,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,340,000 | €2,340,000 | = | 0.0% |
| Share premium | 1100/10 | €2,340,000 | €2,340,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,734,648 | -€2,004,447 | -€269,799 | -15.6% |
| Amounts payable | 17/49 | €109,091 | €116,198 | +€7,107 | +6.5% |
| Amounts payable within one year | 42/48 | €109,091 | €113,740 | +€4,649 | +4.3% |
| Trade debts | 44 | €93,109 | €88,053 | -€5,056 | -5.4% |
| Suppliers | 440/4 | €93,109 | €88,053 | -€5,056 | -5.4% |
| Taxes, remuneration and social security | 45 | €15,982 | €25,687 | +€9,705 | +60.7% |
| Taxes | 450/3 | €1,283 | €13,175 | +€11,893 | +927% |
| Remuneration and social security | 454/9 | €14,700 | €12,512 | -€2,188 | -14.9% |
| Accrued charges and deferred income | 492/3 | - | €2,458 | +€2,458 | |
| Remuneration, social security and pensions | 62 | €60,527 | €93,688 | +€33,161 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,483 | €57,719 | -€15,764 | -21.5% |
| Other operating charges | 640/8 | €37,163 | €4,353 | -€32,810 | -88.3% |
| Non-recurring operating charges | 66A | - | €1,948 | +€1,948 | |
| Gross operating margin | 9900 | -€703 | -€110,367 | -€109,664 | -15,595% |
| Operating profit (loss) | 9901 | -€171,876 | -€268,074 | -€96,198 | -56.0% |
| Financial income | 75/76B | €6 | €1,925 | +€1,919 | +32,414% |
| Recurring financial income | 75 | €6 | €1,925 | +€1,919 | +32,414% |
| Financial charges | 65/66B | €3,284 | €3,203 | -€81 | -2.5% |
| Recurring financial charges | 65 | €3,284 | €3,203 | -€81 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | -€175,154 | -€269,352 | -€94,199 | -53.8% |
| Income taxes | 67/77 | €841 | €447 | -€395 | -46.9% |
| Profit (loss) for the period | 9904 | -€175,995 | -€269,799 | -€93,804 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€175,995 | -€269,799 | -€93,804 | -53.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.