SYGIM: 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.
SYGIM
Largest movements
- Cash +€7,128
up €7,128 (+23.9%), from €29,809 to €36,937
mainly Net result for the year (+€17,761) and Other debts (+€11,226)
- Tangible fixed assets -€5,018
down €5,018 (-5.6%), from €89,840 to €84,822
of which Land and buildings: -€4,737
- Other debts +€11,226
up €11,226 (+54.5%), from €20,602 to €31,828
- Debts after one year -€4,043
down €4,043 (-45.6%), from €8,858 to €4,815
- Profit (loss) carried forward -€2,239
down €2,239 (-5.4%), from €41,333 to €39,094
- Tax, wage and social debts -€1,590
no longer reported in 2025 (was €1,590)
- Gross operating margin -€4,328
down €4,328 (-10.3%), from €41,827 to €37,499
- Depreciation -€1,423
down €1,423 (-11.9%), from €11,953 to €10,530
- Taxes -€663
down €663 (-10.1%), from €6,595 to €5,932
- Financial charges -€651
down €651 (-60.4%), from €1,077 to €426
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 | €123,616 | €127,280 | +€3,664 | +3.0% |
| Fixed assets | 21/28 | €89,840 | €84,822 | -€5,018 | -5.6% |
| Tangible fixed assets | 22/27 | €89,840 | €84,822 | -€5,018 | -5.6% |
| Land and buildings | 22 | €89,541 | €84,804 | -€4,737 | -5.3% |
| Furniture and vehicles | 24 | €299 | €18 | -€281 | -94.0% |
| Current assets | 29/58 | €33,776 | €42,458 | +€8,682 | +25.7% |
| Amounts receivable within one year | 40/41 | €708 | €1,139 | +€431 | +60.9% |
| Other amounts receivable | 41 | €708 | €1,139 | +€431 | +60.9% |
| Current investments | 50/53 | €2,638 | €2,641 | +€3 | +0.1% |
| Cash at bank and in hand | 54/58 | €29,809 | €36,937 | +€7,128 | +23.9% |
| Deferred charges and accrued income | 490/1 | €621 | €1,741 | +€1,120 | +180.4% |
| Total equity and liabilities | 10/49 | €123,616 | €127,280 | +€3,664 | +3.0% |
| Equity | 10/15 | €84,333 | €82,094 | -€2,239 | -2.7% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,333 | €39,094 | -€2,239 | -5.4% |
| Amounts payable | 17/49 | €39,283 | €45,186 | +€5,903 | +15.0% |
| Amounts payable after more than one year | 17 | €8,858 | €4,815 | -€4,043 | -45.6% |
| Financial debts | 170/4 | €8,858 | €4,815 | -€4,043 | -45.6% |
| Amounts payable within one year | 42/48 | €26,960 | €37,151 | +€10,191 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €3,967 | €4,043 | +€76 | +1.9% |
| Trade debts | 44 | €801 | €1,280 | +€479 | +59.8% |
| Suppliers | 440/4 | €801 | €1,280 | +€479 | +59.8% |
| Taxes, remuneration and social security | 45 | €1,590 | - | -€1,590 | |
| Taxes | 450/3 | €1,590 | - | -€1,590 | |
| Other amounts payable | 47/48 | €20,602 | €31,828 | +€11,226 | +54.5% |
| Accrued charges and deferred income | 492/3 | €3,465 | €3,220 | -€245 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,953 | €10,530 | -€1,423 | -11.9% |
| Other operating charges | 640/8 | €2,779 | €2,866 | +€87 | +3.1% |
| Gross operating margin | 9900 | €41,827 | €37,499 | -€4,328 | -10.3% |
| Operating profit (loss) | 9901 | €27,095 | €24,103 | -€2,992 | -11.0% |
| Financial income | 75/76B | €20 | €16 | -€4 | -20.0% |
| Recurring financial income | 75 | €20 | €16 | -€4 | -20.0% |
| Financial charges | 65/66B | €1,077 | €426 | -€651 | -60.4% |
| Recurring financial charges | 65 | €1,077 | €426 | -€651 | -60.4% |
| Profit (loss) for the period before taxes | 9903 | €26,038 | €23,693 | -€2,345 | -9.0% |
| Income taxes | 67/77 | €6,595 | €5,932 | -€663 | -10.1% |
| Profit (loss) for the period | 9904 | €19,443 | €17,761 | -€1,682 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €19,443 | €17,761 | -€1,682 | -8.7% |
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 11 October 2026 via checked.be.