SYLAW: 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.
SYLAW
Largest movements
- Cash +€47,477
up €47,477 (+63.6%), from €74,659 to €122,136
mainly Net result for the year (+€38,671) and Tax, wage and social debts (+€17,870)
- Tangible fixed assets -€15,185
down €15,185 (-21.6%), from €70,447 to €55,263
of which Furniture and vehicles: -€14,766
- Receivables within one year +€9,943
up €9,943 (+65.1%), from €15,263 to €25,206
of which Other amounts receivable: +€6,383
- Reserves +€38,671
up €38,671 (+54.9%), from €70,383 to €109,054
- Tax, wage and social debts +€17,870
up €17,870 (+75.7%), from €23,621 to €41,492
- Debts after one year -€8,482
down €8,482 (-25.5%), from €33,276 to €24,793
- Accrued charges and deferred income -€4,854
no longer reported in 2025 (was €4,854)
- Trade debts -€2,740
down €2,740 (-84.1%), from €3,259 to €519
- Gross operating margin -€30,550
down €30,550 (-30.7%), from €99,658 to €69,107
- Depreciation +€10,566
up €10,566 (+229%), from €4,619 to €15,185
- Taxes -€10,088
down €10,088 (-42.7%), from €23,619 to €13,531
- Financial charges +€1,038
up €1,038 (+175%), from €595 to €1,633
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 | €161,495 | €203,898 | +€42,402 | +26.3% |
| Fixed assets | 21/28 | €70,447 | €55,263 | -€15,185 | -21.6% |
| Tangible fixed assets | 22/27 | €70,447 | €55,263 | -€15,185 | -21.6% |
| Furniture and vehicles | 24 | €68,466 | €53,700 | -€14,766 | -21.6% |
| Other tangible fixed assets | 26 | €1,981 | €1,563 | -€418 | -21.1% |
| Current assets | 29/58 | €91,048 | €148,635 | +€57,587 | +63.2% |
| Amounts receivable within one year | 40/41 | €15,263 | €25,206 | +€9,943 | +65.1% |
| Trade receivables | 40 | €13,196 | €16,756 | +€3,560 | +27.0% |
| Other amounts receivable | 41 | €2,067 | €8,450 | +€6,383 | +309% |
| Cash at bank and in hand | 54/58 | €74,659 | €122,136 | +€47,477 | +63.6% |
| Deferred charges and accrued income | 490/1 | €1,126 | €1,294 | +€168 | +14.9% |
| Total equity and liabilities | 10/49 | €161,495 | €203,898 | +€42,402 | +26.3% |
| Equity | 10/15 | €71,383 | €110,054 | +€38,671 | +54.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €70,383 | €109,054 | +€38,671 | +54.9% |
| Distributable reserves | 133 | €70,383 | €109,054 | +€38,671 | +54.9% |
| Amounts payable | 17/49 | €90,112 | €93,843 | +€3,731 | +4.1% |
| Amounts payable after more than one year | 17 | €33,276 | €24,793 | -€8,482 | -25.5% |
| Financial debts | 170/4 | €33,276 | €24,793 | -€8,482 | -25.5% |
| Amounts payable within one year | 42/48 | €51,982 | €69,050 | +€17,068 | +32.8% |
| Current portion of amounts payable after more than one year | 42 | €8,212 | €8,482 | +€270 | +3.3% |
| Financial debts | 43 | - | €199 | +€199 | |
| Credit institutions | 430/8 | - | €199 | +€199 | |
| Trade debts | 44 | €3,259 | €519 | -€2,740 | -84.1% |
| Suppliers | 440/4 | €3,259 | €519 | -€2,740 | -84.1% |
| Taxes, remuneration and social security | 45 | €23,621 | €41,492 | +€17,870 | +75.7% |
| Taxes | 450/3 | €23,621 | €41,492 | +€17,870 | +75.7% |
| Other amounts payable | 47/48 | €16,890 | €18,358 | +€1,468 | +8.7% |
| Accrued charges and deferred income | 492/3 | €4,854 | - | -€4,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,619 | €15,185 | +€10,566 | +229% |
| Other operating charges | 640/8 | €442 | €108 | -€333 | -75.5% |
| Gross operating margin | 9900 | €99,658 | €69,107 | -€30,550 | -30.7% |
| Operating profit (loss) | 9901 | €94,597 | €53,814 | -€40,783 | -43.1% |
| Financial income | 75/76B | - | €20 | +€20 | |
| Recurring financial income | 75 | - | €20 | +€20 | |
| Financial charges | 65/66B | €595 | €1,633 | +€1,038 | +175% |
| Recurring financial charges | 65 | €595 | €1,633 | +€1,038 | +175% |
| Profit (loss) for the period before taxes | 9903 | €94,002 | €52,202 | -€41,801 | -44.5% |
| Income taxes | 67/77 | €23,619 | €13,531 | -€10,088 | -42.7% |
| Profit (loss) for the period | 9904 | €70,383 | €38,671 | -€31,713 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €70,383 | €38,671 | -€31,713 | -45.1% |
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 23 October 2026 via checked.be.