SYLERCO: 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.
SYLERCO
Largest movements
- Cash +€45,987
up €45,987 (+38.5%), from €119,533 to €165,520
mainly Net result for the year (+€30,969) and Debts after one year (+€14,830)
- Tangible fixed assets +€28,100
up €28,100 (+20.5%), from €136,862 to €164,963
of which Furniture and vehicles: +€39,262
- Receivables within one year -€3,944
down €3,944 (-30.2%), from €13,049 to €9,105
of which Trade receivables: -€12,444
- Reserves +€30,100
up €30,100 (+48.0%), from €62,760 to €92,860
of which Distributable reserves: +€30,100
- Debts after one year +€14,830
up €14,830 (+27.5%), from €53,960 to €68,790
of which Financial debts: +€14,830
- Other debts +€10,605
up €10,605 (+13.6%), from €77,845 to €88,451
- Tax, wage and social debts +€5,795
up €5,795 (+77.6%), from €7,471 to €13,266
- Current portion of long-term debt +€4,778
new in 2025: €4,778
- Taxes +€6,272
up €6,272 (+128%), from €4,897 to €11,170
- Gross operating margin -€2,226
down €2,226 (-3.5%), from €64,477 to €62,251
- Financial charges -€1,111
down €1,111 (-15.6%), from €7,111 to €6,000
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 | €270,765 | €341,352 | +€70,587 | +26.1% |
| Fixed assets | 21/28 | €136,887 | €164,988 | +€28,100 | +20.5% |
| Tangible fixed assets | 22/27 | €136,862 | €164,963 | +€28,100 | +20.5% |
| Plant, machinery and equipment | 23 | €194 | €0 | -€194 | -100% |
| Furniture and vehicles | 24 | €3,591 | €42,853 | +€39,262 | +1,093% |
| Other tangible fixed assets | 26 | €133,077 | €122,109 | -€10,967 | -8.2% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €133,878 | €176,364 | +€42,486 | +31.7% |
| Amounts receivable within one year | 40/41 | €13,049 | €9,105 | -€3,944 | -30.2% |
| Trade receivables | 40 | €13,049 | €605 | -€12,444 | -95.4% |
| Other amounts receivable | 41 | €0 | €8,500 | +€8,500 | |
| Cash at bank and in hand | 54/58 | €119,533 | €165,520 | +€45,987 | +38.5% |
| Deferred charges and accrued income | 490/1 | €1,297 | €1,740 | +€443 | +34.2% |
| Total equity and liabilities | 10/49 | €270,765 | €341,352 | +€70,587 | +26.1% |
| Equity | 10/15 | €75,223 | €105,359 | +€30,136 | +40.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €62,760 | €92,860 | +€30,100 | +48.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €60,900 | €91,000 | +€30,100 | +49.4% |
| Profit (loss) carried forward | 14 | €63 | €99 | +€36 | +57.0% |
| Provisions and deferred taxes | 16 | €53,372 | €53,372 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €53,372 | €53,372 | = | 0.0% |
| Pensions and similar obligations | 160 | €53,372 | €53,372 | = | 0.0% |
| Amounts payable | 17/49 | €142,171 | €182,622 | +€40,451 | +28.5% |
| Amounts payable after more than one year | 17 | €53,960 | €68,790 | +€14,830 | +27.5% |
| Financial debts | 170/4 | €50,000 | €64,830 | +€14,830 | +29.7% |
| Other amounts payable | 178/9 | €3,960 | €3,960 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,211 | €113,831 | +€25,621 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | - | €4,778 | +€4,778 | |
| Trade debts | 44 | €2,894 | €7,337 | +€4,443 | +153% |
| Suppliers | 440/4 | €2,894 | €7,337 | +€4,443 | +153% |
| Taxes, remuneration and social security | 45 | €7,471 | €13,266 | +€5,795 | +77.6% |
| Taxes | 450/3 | €7,471 | €13,266 | +€5,795 | +77.6% |
| Other amounts payable | 47/48 | €77,845 | €88,451 | +€10,605 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,944 | €12,503 | +€560 | +4.7% |
| Other operating charges | 640/8 | €3,083 | €2,488 | -€595 | -19.3% |
| Gross operating margin | 9900 | €64,477 | €62,251 | -€2,226 | -3.5% |
| Operating profit (loss) | 9901 | €49,450 | €47,259 | -€2,191 | -4.4% |
| Financial income | 75/76B | €355 | €879 | +€524 | +147% |
| Recurring financial income | 75 | €355 | €879 | +€524 | +147% |
| Financial charges | 65/66B | €7,111 | €6,000 | -€1,111 | -15.6% |
| Recurring financial charges | 65 | €7,111 | €6,000 | -€1,111 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €42,695 | €42,139 | -€556 | -1.3% |
| Income taxes | 67/77 | €4,897 | €11,170 | +€6,272 | +128% |
| Profit (loss) for the period | 9904 | €37,797 | €30,969 | -€6,828 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €37,797 | €30,969 | -€6,828 | -18.1% |
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 21 October 2026 via checked.be.