SYLLA: what changed
Two fiscal 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.
SYLLA
Largest movements
- Cash -€507,421
down €507,421 (-69.2%), from €733,078 to €225,656
mainly Investment in fixed assets (net) (-€493,093) and Net result for the year (-€136,732)
- Tangible fixed assets +€225,128
up €225,128 (+9.6%), from €2.4m to €2.6m
of which Land and buildings: +€237,461
- Debts after one year -€118,748
down €118,748 (-7.5%), from €1.6m to €1.5m
of which Financial debts: -€125,148
- Profit (loss) carried forward -€100,853
down €100,853 (-7.9%), from -€1.3m to -€1.4m
- Trade debts -€37,286
down €37,286 (-59.2%), from €62,979 to €25,693
- Reserves -€35,878
down €35,878 (-5.7%), from €628,232 to €592,354
- Gross operating margin -€127,380
down €127,380 (-35.7%), from €356,949 to €229,569
- Depreciation +€42,978
up €42,978 (+19.1%), from €224,986 to €267,965
- Other operating charges +€33,214
up €33,214 (+52.6%), from €63,133 to €96,347
- Provisions -€9,000
no longer reported in 2025 (was €9,000)
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.
Cash bridge derived
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 | €3,409,493 | €3,103,502 | -€305,991 | -9.0% |
| Fixed assets | 21/28 | €2,354,713 | €2,579,841 | +€225,128 | +9.6% |
| Tangible fixed assets | 22/27 | €2,354,713 | €2,579,841 | +€225,128 | +9.6% |
| Land and buildings | 22 | €2,065,849 | €2,303,311 | +€237,461 | +11.5% |
| Leasing and similar rights | 25 | €279,000 | €270,000 | -€9,000 | -3.2% |
| Other tangible fixed assets | 26 | €9,863 | €6,530 | -€3,333 | -33.8% |
| Current assets | 29/58 | €1,054,780 | €523,661 | -€531,119 | -50.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €271,703 | €248,005 | -€23,698 | -8.7% |
| Trade receivables | 40 | €141,547 | €125,552 | -€15,995 | -11.3% |
| Other amounts receivable | 41 | €130,155 | €122,452 | -€7,703 | -5.9% |
| Cash at bank and in hand | 54/58 | €733,078 | €225,656 | -€507,421 | -69.2% |
| Total equity and liabilities | 10/49 | €3,409,493 | €3,103,502 | -€305,991 | -9.0% |
| Equity | 10/15 | €1,243,665 | €1,106,934 | -€136,732 | -11.0% |
| Contributions | 10/11 | €1,896,385 | €1,896,385 | = | 0.0% |
| Capital | 10 | €1,896,385 | €1,896,385 | = | 0.0% |
| Issued capital | 100 | €1,896,385 | €1,896,385 | = | 0.0% |
| Reserves | 13 | €628,232 | €592,354 | -€35,878 | -5.7% |
| Tax-exempt reserves | 132 | €628,232 | €592,354 | -€35,878 | -5.7% |
| Profit (loss) carried forward | 14 | -€1,280,952 | -€1,381,805 | -€100,853 | -7.9% |
| Provisions and deferred taxes | 16 | €205,767 | €194,399 | -€11,368 | -5.5% |
| Deferred taxes | 168 | €205,767 | €194,399 | -€11,368 | -5.5% |
| Amounts payable | 17/49 | €1,960,061 | €1,802,170 | -€157,891 | -8.1% |
| Amounts payable after more than one year | 17 | €1,579,389 | €1,460,641 | -€118,748 | -7.5% |
| Financial debts | 170/4 | €1,534,668 | €1,409,520 | -€125,148 | -8.2% |
| Advances received on contracts in progress | 176 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 178/9 | €41,220 | €47,620 | +€6,400 | +15.5% |
| Amounts payable within one year | 42/48 | €380,609 | €341,529 | -€39,079 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €133,574 | €134,776 | +€1,202 | +0.9% |
| Trade debts | 44 | €62,979 | €25,693 | -€37,286 | -59.2% |
| Suppliers | 440/4 | €62,979 | €25,693 | -€37,286 | -59.2% |
| Taxes, remuneration and social security | 45 | €6,480 | €3,486 | -€2,995 | -46.2% |
| Taxes | 450/3 | €6,480 | €3,486 | -€2,995 | -46.2% |
| Other amounts payable | 47/48 | €177,574 | €177,574 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €224,986 | €267,965 | +€42,978 | +19.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €9,000 | - | -€9,000 | |
| Other operating charges | 640/8 | €63,133 | €96,347 | +€33,214 | +52.6% |
| Gross operating margin | 9900 | €356,949 | €229,569 | -€127,380 | -35.7% |
| Operating profit (loss) | 9901 | €59,829 | -€134,743 | -€194,572 | |
| Financial income | 75/76B | €11 | €64 | +€53 | +500.0% |
| Recurring financial income | 75 | €11 | €64 | +€53 | +500.0% |
| Financial charges | 65/66B | €13,156 | €13,421 | +€265 | +2.0% |
| Recurring financial charges | 65 | €13,156 | €13,421 | +€265 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €46,684 | -€148,100 | -€194,784 | |
| Transfer from deferred taxes | 780 | €12,561 | €11,368 | -€1,192 | -9.5% |
| Transfer to deferred taxes | 680 | €35,149 | - | -€35,149 | |
| Profit (loss) for the period | 9904 | €24,096 | -€136,732 | -€160,827 | |
| Transfer from tax-exempt reserves | 789 | €37,683 | €35,878 | -€1,804 | -4.8% |
| Transfer to tax-exempt reserves | 689 | €140,595 | - | -€140,595 | |
| Profit (loss) for the period to be appropriated | 9905 | -€78,817 | -€100,853 | -€22,036 | -28.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.