SYLCO: 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.
SYLCO
Largest movements
- Current investments +€200,000
new in 2025: €200,000
- Cash -€65,029
down €65,029 (-80.6%), from €80,646 to €15,616
mainly Current investments (-€200,000) and Contributions, distributions and other (-€195,000)
- Tangible fixed assets +€11,777
up €11,777 (+75.9%), from €15,507 to €27,284
of which Furniture and vehicles: +€12,242
- Intangible fixed assets +€5,000
new in 2025: €5,000
- Deferred charges and accrued income +€4,423
up €4,423 (+220%), from €2,015 to €6,438
- Other debts +€189,100
up €189,100 (+874%), from €21,627 to €210,727
- Profit (loss) carried forward -€29,825
no longer reported in 2025 (was €29,825)
- Gross operating margin +€173,178
up €173,178 (+370%), from €46,826 to €220,004
- Taxes +€40,016
up €40,016 (+370%), from €10,827 to €50,843
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 | €98,233 | €256,367 | +€158,134 | +161% |
| Fixed assets | 21/28 | €15,507 | €32,284 | +€16,777 | +108% |
| Intangible fixed assets | 21 | - | €5,000 | +€5,000 | |
| Tangible fixed assets | 22/27 | €15,507 | €27,284 | +€11,777 | +75.9% |
| Furniture and vehicles | 24 | €11,828 | €24,070 | +€12,242 | +103% |
| Other tangible fixed assets | 26 | €3,679 | €3,214 | -€465 | -12.6% |
| Current assets | 29/58 | €82,726 | €224,083 | +€141,358 | +171% |
| Amounts receivable within one year | 40/41 | €65 | €2,029 | +€1,964 | +3,018% |
| Other amounts receivable | 41 | €65 | €2,029 | +€1,964 | +3,018% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €80,646 | €15,616 | -€65,029 | -80.6% |
| Deferred charges and accrued income | 490/1 | €2,015 | €6,438 | +€4,423 | +220% |
| Total equity and liabilities | 10/49 | €98,233 | €256,367 | +€158,134 | +161% |
| Equity | 10/15 | €58,334 | €28,205 | -€30,129 | -51.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €27,509 | €27,205 | -€304 | -1.1% |
| Distributable reserves | 133 | €27,509 | €27,205 | -€304 | -1.1% |
| Profit (loss) carried forward | 14 | €29,825 | - | -€29,825 | |
| Amounts payable | 17/49 | €39,899 | €228,162 | +€188,263 | +472% |
| Amounts payable within one year | 42/48 | €39,899 | €228,162 | +€188,263 | +472% |
| Current portion of amounts payable after more than one year | 42 | €1,774 | - | -€1,774 | |
| Financial debts | 43 | - | €411 | +€411 | |
| Credit institutions | 430/8 | - | €411 | +€411 | |
| Trade debts | 44 | €2,132 | €2,001 | -€131 | -6.1% |
| Suppliers | 440/4 | €2,132 | €2,001 | -€131 | -6.1% |
| Taxes, remuneration and social security | 45 | €14,366 | €15,023 | +€656 | +4.6% |
| Taxes | 450/3 | €14,366 | €15,023 | +€656 | +4.6% |
| Other amounts payable | 47/48 | €21,627 | €210,727 | +€189,100 | +874% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,182 | €5,535 | +€1,353 | +32.3% |
| Other operating charges | 640/8 | €2,186 | €618 | -€1,567 | -71.7% |
| Gross operating margin | 9900 | €46,826 | €220,004 | +€173,178 | +370% |
| Operating profit (loss) | 9901 | €40,458 | €213,851 | +€173,393 | +429% |
| Financial income | 75/76B | €505 | €2,104 | +€1,599 | +316% |
| Recurring financial income | 75 | €505 | €2,104 | +€1,599 | +316% |
| Financial charges | 65/66B | €311 | €241 | -€70 | -22.4% |
| Recurring financial charges | 65 | €311 | €241 | -€70 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €40,652 | €215,714 | +€175,061 | +431% |
| Income taxes | 67/77 | €10,827 | €50,843 | +€40,016 | +370% |
| Profit (loss) for the period | 9904 | €29,825 | €164,871 | +€135,046 | +453% |
| Profit (loss) for the period to be appropriated | 9905 | €29,825 | €164,871 | +€135,046 | +453% |
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 20 October 2026 via checked.be.