SYKO: 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.
SYKO
Largest movements
- Cash +€72,754
up €72,754 (+1937.6%), from €3,755 to €76,508
mainly Tax, wage and social debts (+€140,655) and Depreciation (+€67,881)
- Receivables within one year +€40,237
up €40,237 (+30.5%), from €132,072 to €172,309
of which Trade receivables: +€24,135
- Tangible fixed assets -€15,770
down €15,770 (-9.6%), from €163,700 to €147,929
of which Land and buildings: -€9,459
- Intangible fixed assets +€11,490
up €11,490 (+43.3%), from €26,537 to €38,027
- Tax, wage and social debts +€140,655
up €140,655 (+42.6%), from €330,291 to €470,946
of which Remuneration and social security: +€118,465
- Accrued charges and deferred income -€35,919
down €35,919 (-49.9%), from €71,992 to €36,074
- Profit (loss) carried forward -€12,188
down €12,188 (-8.0%), from -€151,403 to -€163,591
- Advances received +€11,800
up €11,800 (+31.7%), from €37,205 to €49,005
- Debts after one year +€9,273
new in 2025: €9,273
- Staff costs +€104,734
up €104,734 (+9.2%), from €1.1m to €1.2m
- Gross operating margin +€48,152
up €48,152 (+3.7%), from €1.3m to €1.3m
- Depreciation +€31,368
up €31,368 (+85.9%), from €36,513 to €67,881
- Financial charges +€30,908
up €30,908 (+1550.4%), from €1,994 to €32,902
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 | €326,769 | €436,336 | +€109,567 | +33.5% |
| Fixed assets | 21/28 | €190,837 | €186,556 | -€4,280 | -2.2% |
| Intangible fixed assets | 21 | €26,537 | €38,027 | +€11,490 | +43.3% |
| Tangible fixed assets | 22/27 | €163,700 | €147,929 | -€15,770 | -9.6% |
| Land and buildings | 22 | €142,075 | €132,616 | -€9,459 | -6.7% |
| Plant, machinery and equipment | 23 | €12,907 | €9,180 | -€3,727 | -28.9% |
| Furniture and vehicles | 24 | €8,717 | €6,133 | -€2,584 | -29.6% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €135,933 | €249,780 | +€113,848 | +83.8% |
| Amounts receivable within one year | 40/41 | €132,072 | €172,309 | +€40,237 | +30.5% |
| Trade receivables | 40 | €8,275 | €32,411 | +€24,135 | +291.7% |
| Other amounts receivable | 41 | €123,797 | €139,899 | +€16,102 | +13.0% |
| Cash at bank and in hand | 54/58 | €3,755 | €76,508 | +€72,754 | +1937.6% |
| Deferred charges and accrued income | 490/1 | €106 | €963 | +€857 | +810.9% |
| Total equity and liabilities | 10/49 | €326,769 | €436,336 | +€109,567 | +33.5% |
| Equity | 10/15 | -€132,803 | -€144,991 | -€12,188 | -9.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€151,403 | -€163,591 | -€12,188 | -8.0% |
| Amounts payable | 17/49 | €459,572 | €581,327 | +€121,755 | +26.5% |
| Amounts payable after more than one year | 17 | - | €9,273 | +€9,273 | |
| Financial debts | 170/4 | - | €9,273 | +€9,273 | |
| Amounts payable within one year | 42/48 | €387,580 | €535,980 | +€148,401 | +38.3% |
| Trade debts | 44 | €20,084 | €16,029 | -€4,054 | -20.2% |
| Suppliers | 440/4 | €20,084 | €16,029 | -€4,054 | -20.2% |
| Advances received on contracts in progress | 46 | €37,205 | €49,005 | +€11,800 | +31.7% |
| Taxes, remuneration and social security | 45 | €330,291 | €470,946 | +€140,655 | +42.6% |
| Taxes | 450/3 | €38,142 | €60,332 | +€22,190 | +58.2% |
| Remuneration and social security | 454/9 | €292,149 | €410,614 | +€118,465 | +40.5% |
| Accrued charges and deferred income | 492/3 | €71,992 | €36,074 | -€35,919 | -49.9% |
| Remuneration, social security and pensions | 62 | €1,143,314 | €1,248,048 | +€104,734 | +9.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,513 | €67,881 | +€31,368 | +85.9% |
| Other operating charges | 640/8 | €8,436 | €8,956 | +€520 | +6.2% |
| Gross operating margin | 9900 | €1,297,377 | €1,345,528 | +€48,152 | +3.7% |
| Operating profit (loss) | 9901 | €109,114 | €20,644 | -€88,470 | -81.1% |
| Financial income | 75/76B | €2,057 | €1,140 | -€917 | -44.6% |
| Recurring financial income | 75 | €2,057 | €1,140 | -€917 | -44.6% |
| Financial charges | 65/66B | €1,994 | €32,902 | +€30,908 | +1550.4% |
| Recurring financial charges | 65 | €1,994 | €32,902 | +€30,908 | +1550.4% |
| Profit (loss) for the period before taxes | 9903 | €109,177 | -€11,118 | -€120,295 | |
| Income taxes | 67/77 | €1,780 | €1,070 | -€710 | -39.9% |
| Profit (loss) for the period | 9904 | €107,398 | -€12,188 | -€119,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €107,398 | -€12,188 | -€119,585 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.