Syl Concept: 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 Concept
Largest movements
- Financial fixed assets +€250,000
up €250,000 (+219%), from €114,000 to €364,000
- Receivables within one year +€126,315
up €126,315 (+264%), from €47,785 to €174,100
of which Other amounts receivable: +€126,315
- Cash -€48,394
down €48,394 (-85.4%), from €56,652 to €8,259
- Tangible fixed assets -€30,500
down €30,500 (-76.4%), from €39,934 to €9,434
- Profit (loss) carried forward +€166,792
new in 2025: €166,792
- Debts after one year +€158,853
up €158,853 (+851%), from €18,660 to €177,512
- Other debts -€103,890
down €103,890 (-57.4%), from €181,119 to €77,229
- Reserves +€50,520
new in 2025: €50,520
- Accrued charges and deferred income +€20,317
up €20,317 (+923%), from €2,200 to €22,517
- Financial income +€43,053
up €43,053 (+201%), from €21,368 to €64,421
- Financial charges +€16,907
up €16,907 (+1,310%), from €1,291 to €18,198
- Gross operating margin +€11,407
up €11,407 (+9.5%), from €119,502 to €130,910
- Depreciation +€2,063
up €2,063 (+12.6%), from €16,433 to €18,496
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €260,829 | €558,841 | +€298,011 | +114% |
| Fixed assets | 21/28 | €153,934 | €373,434 | +€219,500 | +143% |
| Tangible fixed assets | 22/27 | €39,934 | €9,434 | -€30,500 | -76.4% |
| Furniture and vehicles | 24 | €39,934 | €9,434 | -€30,500 | -76.4% |
| Financial fixed assets | 28 | €114,000 | €364,000 | +€250,000 | +219% |
| Current assets | 29/58 | €106,896 | €185,407 | +€78,511 | +73.4% |
| Amounts receivable within one year | 40/41 | €47,785 | €174,100 | +€126,315 | +264% |
| Trade receivables | 40 | €12,100 | €12,100 | = | 0.0% |
| Other amounts receivable | 41 | €35,685 | €162,000 | +€126,315 | +354% |
| Cash at bank and in hand | 54/58 | €56,652 | €8,259 | -€48,394 | -85.4% |
| Deferred charges and accrued income | 490/1 | €2,459 | €3,049 | +€590 | +24.0% |
| Total equity and liabilities | 10/49 | €260,829 | €558,841 | +€298,011 | +114% |
| Equity | 10/15 | €18,600 | €235,912 | +€217,312 | +1,168% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €50,520 | +€50,520 | |
| Tax-exempt reserves | 132 | - | €50,520 | +€50,520 | |
| Profit (loss) carried forward | 14 | - | €166,792 | +€166,792 | |
| Amounts payable | 17/49 | €242,229 | €322,928 | +€80,699 | +33.3% |
| Amounts payable after more than one year | 17 | €18,660 | €177,512 | +€158,853 | +851% |
| Financial debts | 170/4 | €18,660 | €177,512 | +€158,853 | +851% |
| Amounts payable within one year | 42/48 | €221,370 | €122,899 | -€98,471 | -44.5% |
| Current portion of amounts payable after more than one year | 42 | €29,047 | €34,041 | +€4,995 | +17.2% |
| Trade debts | 44 | - | €4 | +€4 | |
| Suppliers | 440/4 | - | €4 | +€4 | |
| Taxes, remuneration and social security | 45 | €11,204 | €11,625 | +€421 | +3.8% |
| Taxes | 450/3 | €11,204 | €11,625 | +€421 | +3.8% |
| Other amounts payable | 47/48 | €181,119 | €77,229 | -€103,890 | -57.4% |
| Accrued charges and deferred income | 492/3 | €2,200 | €22,517 | +€20,317 | +923% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,433 | €18,496 | +€2,063 | +12.6% |
| Other operating charges | 640/8 | €662 | €487 | -€174 | -26.4% |
| Gross operating margin | 9900 | €119,502 | €130,910 | +€11,407 | +9.5% |
| Operating profit (loss) | 9901 | €102,408 | €111,926 | +€9,519 | +9.3% |
| Financial income | 75/76B | €21,368 | €64,421 | +€43,053 | +201% |
| Recurring financial income | 75 | €21,368 | €64,421 | +€43,053 | +201% |
| Financial charges | 65/66B | €1,291 | €18,198 | +€16,907 | +1,310% |
| Recurring financial charges | 65 | €1,291 | €18,198 | +€16,907 | +1,310% |
| Profit (loss) for the period before taxes | 9903 | €122,485 | €158,149 | +€35,665 | +29.1% |
| Income taxes | 67/77 | €26,543 | €25,288 | -€1,255 | -4.7% |
| Profit (loss) for the period | 9904 | €95,942 | €132,861 | +€36,920 | +38.5% |
| Transfer to tax-exempt reserves | 689 | - | €50,520 | +€50,520 | |
| Profit (loss) for the period to be appropriated | 9905 | €95,942 | €82,341 | -€13,600 | -14.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.