SYLLOU: 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.
SYLLOU
Largest movements
- Cash -€40,126
down €40,126 (-77.9%), from €51,504 to €11,378
mainly Receivables within one year (-€37,411) and Contributions, distributions and other (-€30,000)
- Receivables within one year +€37,411
up €37,411 (+105%), from €35,466 to €72,877
of which Other amounts receivable: +€28,888
- Intangible fixed assets -€20,000
down €20,000 (-12.8%), from €155,945 to €135,945
- Current portion of long-term debt +€34,008
up €34,008 (+106%), from €32,110 to €66,118
- Debts after one year -€23,390
down €23,390 (-14.4%), from €162,311 to €138,922
- Reserves -€23,276
down €23,276 (-68.2%), from €34,150 to €10,874
- Other debts -€7,445
down €7,445 (-62.8%), from €11,856 to €4,411
- Staff costs +€29,585
up €29,585 (+15.9%), from €185,494 to €215,079
- Depreciation +€6,868
up €6,868 (+19.5%), from €35,133 to €42,001
- Gross operating margin +€4,539
up €4,539 (+1.6%), from €278,111 to €282,650
- Taxes -€4,399
down €4,399 (-69.9%), from €6,295 to €1,896
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 | €547,533 | €525,008 | -€22,525 | -4.1% |
| Fixed assets | 21/28 | €290,563 | €267,205 | -€23,358 | -8.0% |
| Intangible fixed assets | 21 | €155,945 | €135,945 | -€20,000 | -12.8% |
| Tangible fixed assets | 22/27 | €134,618 | €131,260 | -€3,358 | -2.5% |
| Plant, machinery and equipment | 23 | €98,938 | €99,081 | +€144 | +0.1% |
| Furniture and vehicles | 24 | €8,212 | €8,153 | -€59 | -0.7% |
| Other tangible fixed assets | 26 | €27,468 | €24,025 | -€3,442 | -12.5% |
| Current assets | 29/58 | €256,970 | €257,803 | +€833 | +0.3% |
| Stocks and contracts in progress | 3 | €170,000 | €173,549 | +€3,549 | +2.1% |
| Stocks | 30/36 | €170,000 | €173,549 | +€3,549 | +2.1% |
| Amounts receivable within one year | 40/41 | €35,466 | €72,877 | +€37,411 | +105% |
| Trade receivables | 40 | €26,726 | €35,249 | +€8,523 | +31.9% |
| Other amounts receivable | 41 | €8,740 | €37,628 | +€28,888 | +331% |
| Cash at bank and in hand | 54/58 | €51,504 | €11,378 | -€40,126 | -77.9% |
| Total equity and liabilities | 10/49 | €547,533 | €525,008 | -€22,525 | -4.1% |
| Equity | 10/15 | €84,150 | €60,874 | -€23,276 | -27.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €34,150 | €10,874 | -€23,276 | -68.2% |
| Distributable reserves | 133 | €34,150 | €10,874 | -€23,276 | -68.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €463,383 | €464,134 | +€751 | +0.2% |
| Amounts payable after more than one year | 17 | €162,311 | €138,922 | -€23,390 | -14.4% |
| Financial debts | 170/4 | €162,311 | €138,922 | -€23,390 | -14.4% |
| Amounts payable within one year | 42/48 | €301,071 | €325,212 | +€24,141 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €32,110 | €66,118 | +€34,008 | +106% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €129,305 | €124,138 | -€5,167 | -4.0% |
| Suppliers | 440/4 | €129,305 | €124,138 | -€5,167 | -4.0% |
| Taxes, remuneration and social security | 45 | €27,801 | €30,545 | +€2,745 | +9.9% |
| Taxes | 450/3 | €9,154 | €5,970 | -€3,184 | -34.8% |
| Remuneration and social security | 454/9 | €18,647 | €24,576 | +€5,929 | +31.8% |
| Other amounts payable | 47/48 | €11,856 | €4,411 | -€7,445 | -62.8% |
| Remuneration, social security and pensions | 62 | €185,494 | €215,079 | +€29,585 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,133 | €42,001 | +€6,868 | +19.5% |
| Other operating charges | 640/8 | €795 | €741 | -€55 | -6.9% |
| Gross operating margin | 9900 | €278,111 | €282,650 | +€4,539 | +1.6% |
| Operating profit (loss) | 9901 | €56,689 | €24,829 | -€31,860 | -56.2% |
| Financial income | 75/76B | €71 | €34 | -€38 | -52.6% |
| Recurring financial income | 75 | €71 | €34 | -€38 | -52.6% |
| Financial charges | 65/66B | €16,705 | €16,243 | -€463 | -2.8% |
| Recurring financial charges | 65 | €16,705 | €16,243 | -€463 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €40,055 | €8,620 | -€31,435 | -78.5% |
| Income taxes | 67/77 | €6,295 | €1,896 | -€4,399 | -69.9% |
| Profit (loss) for the period | 9904 | €33,760 | €6,724 | -€27,036 | -80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,760 | €6,724 | -€27,036 | -80.1% |
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 19 October 2026 via checked.be.