SYL CO: 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.
SYL CO
Largest movements
- Tangible fixed assets -€17,268
down €17,268 (-4.3%), from €404,573 to €387,306
of which Leasing and similar rights: -€18,494
- Receivables within one year +€5,207
up €5,207 (+73.7%), from €7,063 to €12,270
- Cash +€5,106
up €5,106 (+12.7%), from €40,226 to €45,332
mainly Depreciation (+€31,992) and Net result for the year (+€22,728)
- Debts after one year -€32,693
down €32,693 (-11.6%), from €281,469 to €248,776
- Other debts +€20,475
new in 2025: €20,475
- Trade debts +€10,197
up €10,197 (+53.4%), from €19,102 to €29,300
- Gross operating margin +€14,765
up €14,765 (+12.4%), from €118,748 to €133,513
- Staff costs +€9,134
up €9,134 (+19.5%), from €46,926 to €56,060
- Depreciation +€2,938
up €2,938 (+10.1%), from €29,054 to €31,992
- Other operating charges -€1,911
down €1,911 (-26.7%), from €7,163 to €5,252
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 | €461,791 | €456,639 | -€5,152 | -1.1% |
| Fixed assets | 21/28 | €404,573 | €387,306 | -€17,268 | -4.3% |
| Tangible fixed assets | 22/27 | €404,573 | €387,306 | -€17,268 | -4.3% |
| Land and buildings | 22 | €342,200 | €331,040 | -€11,160 | -3.3% |
| Plant, machinery and equipment | 23 | €3,648 | €14,018 | +€10,370 | +284% |
| Furniture and vehicles | 24 | €997 | €3,014 | +€2,017 | +202% |
| Leasing and similar rights | 25 | €57,727 | €39,234 | -€18,494 | -32.0% |
| Current assets | 29/58 | €57,218 | €69,333 | +€12,115 | +21.2% |
| Stocks and contracts in progress | 3 | €7,491 | €8,240 | +€749 | +10.0% |
| Stocks | 30/36 | €7,491 | €8,240 | +€749 | +10.0% |
| Amounts receivable within one year | 40/41 | €7,063 | €12,270 | +€5,207 | +73.7% |
| Other amounts receivable | 41 | €7,063 | €12,270 | +€5,207 | +73.7% |
| Cash at bank and in hand | 54/58 | €40,226 | €45,332 | +€5,106 | +12.7% |
| Deferred charges and accrued income | 490/1 | €2,439 | €3,492 | +€1,053 | +43.2% |
| Total equity and liabilities | 10/49 | €461,791 | €456,639 | -€5,152 | -1.1% |
| Equity | 10/15 | €110,714 | €106,810 | -€3,905 | -3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €104,514 | €100,610 | -€3,905 | -3.7% |
| Non-distributable reserves | 130/1 | €1,887 | €1,887 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,887 | €1,887 | = | 0.0% |
| Distributable reserves | 133 | €102,627 | €98,722 | -€3,905 | -3.8% |
| Amounts payable | 17/49 | €351,077 | €349,829 | -€1,248 | -0.4% |
| Amounts payable after more than one year | 17 | €281,469 | €248,776 | -€32,693 | -11.6% |
| Financial debts | 170/4 | €281,469 | €248,776 | -€32,693 | -11.6% |
| Amounts payable within one year | 42/48 | €69,608 | €101,054 | +€31,445 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €40,400 | €43,503 | +€3,103 | +7.7% |
| Trade debts | 44 | €19,102 | €29,300 | +€10,197 | +53.4% |
| Suppliers | 440/4 | €19,102 | €29,300 | +€10,197 | +53.4% |
| Taxes, remuneration and social security | 45 | €10,106 | €7,777 | -€2,329 | -23.0% |
| Taxes | 450/3 | €6,445 | €2,402 | -€4,043 | -62.7% |
| Remuneration and social security | 454/9 | €3,661 | €5,375 | +€1,714 | +46.8% |
| Other amounts payable | 47/48 | - | €20,475 | +€20,475 | |
| Remuneration, social security and pensions | 62 | €46,926 | €56,060 | +€9,134 | +19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,054 | €31,992 | +€2,938 | +10.1% |
| Other operating charges | 640/8 | €7,163 | €5,252 | -€1,911 | -26.7% |
| Gross operating margin | 9900 | €118,748 | €133,513 | +€14,765 | +12.4% |
| Operating profit (loss) | 9901 | €35,605 | €40,209 | +€4,604 | +12.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,252 | €7,894 | -€359 | -4.3% |
| Recurring financial charges | 65 | €8,252 | €7,894 | -€359 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €27,354 | €32,316 | +€4,961 | +18.1% |
| Income taxes | 67/77 | €8,718 | €9,588 | +€870 | +10.0% |
| Profit (loss) for the period | 9904 | €18,637 | €22,728 | +€4,091 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,637 | €22,728 | +€4,091 | +22.0% |
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 29 October 2026 via checked.be.