SYLHO GROUP: 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.
SYLHO GROUP
Largest movements
- Intangible fixed assets +€39,966
up €39,966 (+82.0%), from €48,725 to €88,691
- Receivables within one year -€26,055
down €26,055 (-19.5%), from €133,416 to €107,361
of which Trade receivables: -€32,936
- Cash +€21,816
up €21,816 (+313%), from €6,962 to €28,778
mainly Net result for the year (+€49,140) and Depreciation (+€34,752)
- Deferred charges and accrued income -€2,403
down €2,403 (-51.6%), from €4,657 to €2,254
- Debts after one year -€53,041
down €53,041 (-81.7%), from €64,921 to €11,880
- Profit (loss) carried forward +€49,140
up €49,140 (+5.7%), from -€854,826 to -€805,686
- Other debts +€34,550
up €34,550 (+85.4%), from €40,453 to €75,003
- Tax, wage and social debts -€19,541
down €19,541 (-19.8%), from €98,637 to €79,096
of which Taxes: -€17,408
- Current portion of long-term debt +€17,472
up €17,472 (+31.8%), from €54,932 to €72,404
- Gross operating margin +€59,567
up €59,567 (+45.8%), from €130,080 to €189,647
- Other operating charges -€26,815
down €26,815 (-81.5%), from €32,902 to €6,087
- Depreciation +€21,357
up €21,357 (+159%), from €13,395 to €34,752
- Staff costs -€9,625
down €9,625 (-10.4%), from €92,234 to €82,609
- Financial charges +€2,006
up €2,006 (+18.3%), from €10,933 to €12,939
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 | €199,910 | €232,987 | +€33,077 | +16.5% |
| Fixed assets | 21/28 | €54,875 | €94,594 | +€39,719 | +72.4% |
| Intangible fixed assets | 21 | €48,725 | €88,691 | +€39,966 | +82.0% |
| Tangible fixed assets | 22/27 | €6,150 | €5,903 | -€247 | -4.0% |
| Furniture and vehicles | 24 | €4,621 | €4,662 | +€41 | +0.9% |
| Other tangible fixed assets | 26 | €1,529 | €1,241 | -€288 | -18.8% |
| Current assets | 29/58 | €145,035 | €138,393 | -€6,642 | -4.6% |
| Amounts receivable within one year | 40/41 | €133,416 | €107,361 | -€26,055 | -19.5% |
| Trade receivables | 40 | €133,416 | €100,480 | -€32,936 | -24.7% |
| Other amounts receivable | 41 | - | €6,881 | +€6,881 | |
| Cash at bank and in hand | 54/58 | €6,962 | €28,778 | +€21,816 | +313% |
| Deferred charges and accrued income | 490/1 | €4,657 | €2,254 | -€2,403 | -51.6% |
| Total equity and liabilities | 10/49 | €199,910 | €232,987 | +€33,077 | +16.5% |
| Equity | 10/15 | -€204,826 | -€155,686 | +€49,140 | +24.0% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€854,826 | -€805,686 | +€49,140 | +5.7% |
| Amounts payable | 17/49 | €404,736 | €388,673 | -€16,063 | -4.0% |
| Amounts payable after more than one year | 17 | €64,921 | €11,880 | -€53,041 | -81.7% |
| Financial debts | 170/4 | €64,921 | €11,880 | -€53,041 | -81.7% |
| Amounts payable within one year | 42/48 | €312,284 | €354,425 | +€42,141 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €54,932 | €72,404 | +€17,472 | +31.8% |
| Trade debts | 44 | €118,262 | €127,922 | +€9,660 | +8.2% |
| Suppliers | 440/4 | €118,262 | €127,922 | +€9,660 | +8.2% |
| Taxes, remuneration and social security | 45 | €98,637 | €79,096 | -€19,541 | -19.8% |
| Taxes | 450/3 | €78,754 | €61,346 | -€17,408 | -22.1% |
| Remuneration and social security | 454/9 | €19,883 | €17,750 | -€2,133 | -10.7% |
| Other amounts payable | 47/48 | €40,453 | €75,003 | +€34,550 | +85.4% |
| Accrued charges and deferred income | 492/3 | €27,531 | €22,368 | -€5,163 | -18.8% |
| Remuneration, social security and pensions | 62 | €92,234 | €82,609 | -€9,625 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,395 | €34,752 | +€21,357 | +159% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,676 | €3,780 | +€1,104 | +41.3% |
| Other operating charges | 640/8 | €32,902 | €6,087 | -€26,815 | -81.5% |
| Gross operating margin | 9900 | €130,080 | €189,647 | +€59,567 | +45.8% |
| Operating profit (loss) | 9901 | -€11,127 | €62,419 | +€73,546 | |
| Financial income | 75/76B | €92 | €13 | -€79 | -85.9% |
| Recurring financial income | 75 | €92 | €13 | -€79 | -85.9% |
| Financial charges | 65/66B | €10,933 | €12,939 | +€2,006 | +18.3% |
| Recurring financial charges | 65 | €10,933 | €12,939 | +€2,006 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,968 | €49,493 | +€71,461 | |
| Income taxes | 67/77 | €292 | €353 | +€61 | +20.9% |
| Profit (loss) for the period | 9904 | -€22,260 | €49,140 | +€71,400 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,260 | €49,140 | +€71,400 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.