SYGOR: 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.
SYGOR
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€232,332
down €232,332 (-60.9%), from €381,647 to €149,315
mainly Current investments (-€250,000) and Contributions, distributions and other (-€2,000)
- Deferred charges and accrued income -€6,861
no longer reported in 2025 (was €6,861)
- Reserves +€13,309
up €13,309 (+4.7%), from €283,050 to €296,360
- Gross operating margin -€26,144
down €26,144 (-56.4%), from €46,372 to €20,228
- Taxes -€6,926
down €6,926 (-52.7%), from €13,137 to €6,211
- Financial income +€4,592
up €4,592 (+167%), from €2,742 to €7,334
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 | €414,776 | €426,388 | +€11,611 | +2.8% |
| Fixed assets | 21/28 | €23,584 | €23,584 | = | 0.0% |
| Tangible fixed assets | 22/27 | €23,584 | €23,584 | = | 0.0% |
| Land and buildings | 22 | €23,584 | €23,584 | = | 0.0% |
| Current assets | 29/58 | €391,193 | €402,804 | +€11,611 | +3.0% |
| Amounts receivable within one year | 40/41 | €2,685 | €3,489 | +€804 | +29.9% |
| Other amounts receivable | 41 | €2,685 | €3,489 | +€804 | +29.9% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €381,647 | €149,315 | -€232,332 | -60.9% |
| Deferred charges and accrued income | 490/1 | €6,861 | - | -€6,861 | |
| Total equity and liabilities | 10/49 | €414,776 | €426,388 | +€11,611 | +2.8% |
| Equity | 10/15 | €404,973 | €416,282 | +€11,309 | +2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €283,050 | €296,360 | +€13,309 | +4.7% |
| Distributable reserves | 133 | €283,050 | €296,360 | +€13,309 | +4.7% |
| Profit (loss) carried forward | 14 | €59,922 | €57,922 | -€2,000 | -3.3% |
| Amounts payable | 17/49 | €9,804 | €10,105 | +€302 | +3.1% |
| Amounts payable within one year | 42/48 | €9,351 | €10,038 | +€688 | +7.4% |
| Trade debts | 44 | €7,351 | €8,038 | +€688 | +9.4% |
| Suppliers | 440/4 | €7,351 | €8,038 | +€688 | +9.4% |
| Taxes, remuneration and social security | 45 | €600 | €600 | = | 0.0% |
| Taxes | 450/3 | €600 | €600 | = | 0.0% |
| Other amounts payable | 47/48 | €1,400 | €1,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €453 | €67 | -€386 | -85.2% |
| Other operating charges | 640/8 | €7,764 | €7,995 | +€231 | +3.0% |
| Gross operating margin | 9900 | €46,372 | €20,228 | -€26,144 | -56.4% |
| Operating profit (loss) | 9901 | €38,608 | €12,233 | -€26,376 | -68.3% |
| Financial income | 75/76B | €2,742 | €7,334 | +€4,592 | +167% |
| Recurring financial income | 75 | €2,742 | €7,334 | +€4,592 | +167% |
| Financial charges | 65/66B | €62 | €46 | -€16 | -25.2% |
| Recurring financial charges | 65 | €62 | €46 | -€16 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €41,289 | €19,520 | -€21,768 | -52.7% |
| Income taxes | 67/77 | €13,137 | €6,211 | -€6,926 | -52.7% |
| Profit (loss) for the period | 9904 | €28,151 | €13,309 | -€14,842 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,151 | €13,309 | -€14,842 | -52.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.