SYLOU: 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.
SYLOU
Largest movements
- Cash +€36,686
up €36,686 (+110.6%), from €33,173 to €69,859
mainly Net result for the year (+€38,381) and Depreciation (+€19,195)
- Tangible fixed assets -€18,233
down €18,233 (-7.6%), from €239,673 to €221,440
of which Land and buildings: -€11,941
- Profit (loss) carried forward +€38,381
up €38,381, from -€11,064 to €27,318
- Other debts -€13,003
down €13,003 (-23.0%), from €56,455 to €43,452
- Debts after one year -€10,168
down €10,168 (-5.5%), from €186,148 to €175,979
- Gross operating margin +€28,038
up €28,038 (+57.9%), from €48,399 to €76,437
- Taxes +€9,054
up €9,054 (+5444.2%), from €166 to €9,220
- Financial charges +€2,653
up €2,653 (+41.9%), from €6,325 to €8,978
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 | €311,291 | €327,673 | +€16,382 | +5.3% |
| Fixed assets | 21/28 | €239,768 | €221,535 | -€18,233 | -7.6% |
| Tangible fixed assets | 22/27 | €239,673 | €221,440 | -€18,233 | -7.6% |
| Land and buildings | 22 | €192,556 | €180,615 | -€11,941 | -6.2% |
| Plant, machinery and equipment | 23 | €14,598 | €12,983 | -€1,615 | -11.1% |
| Furniture and vehicles | 24 | €32,519 | €27,842 | -€4,677 | -14.4% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €71,524 | €106,138 | +€34,614 | +48.4% |
| Stocks and contracts in progress | 3 | €33,558 | €31,711 | -€1,847 | -5.5% |
| Stocks | 30/36 | €33,558 | €31,711 | -€1,847 | -5.5% |
| Amounts receivable within one year | 40/41 | €1,925 | €1,529 | -€396 | -20.6% |
| Trade receivables | 40 | €1,925 | €749 | -€1,176 | -61.1% |
| Other amounts receivable | 41 | €0 | €780 | +€780 | |
| Cash at bank and in hand | 54/58 | €33,173 | €69,859 | +€36,686 | +110.6% |
| Deferred charges and accrued income | 490/1 | €2,868 | €3,039 | +€171 | +5.9% |
| Total equity and liabilities | 10/49 | €311,291 | €327,673 | +€16,382 | +5.3% |
| Equity | 10/15 | €48,936 | €87,318 | +€38,381 | +78.4% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,064 | €27,318 | +€38,381 | |
| Amounts payable | 17/49 | €262,355 | €240,355 | -€22,000 | -8.4% |
| Amounts payable after more than one year | 17 | €186,148 | €175,979 | -€10,168 | -5.5% |
| Financial debts | 170/4 | €186,148 | €175,979 | -€10,168 | -5.5% |
| Amounts payable within one year | 42/48 | €76,207 | €64,376 | -€11,831 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €9,853 | €10,168 | +€315 | +3.2% |
| Trade debts | 44 | €0 | €374 | +€374 | |
| Suppliers | 440/4 | €0 | €374 | +€374 | |
| Taxes, remuneration and social security | 45 | €9,899 | €10,381 | +€483 | +4.9% |
| Taxes | 450/3 | €9,899 | €10,381 | +€483 | +4.9% |
| Other amounts payable | 47/48 | €56,455 | €43,452 | -€13,003 | -23.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,974 | €19,195 | +€221 | +1.2% |
| Other operating charges | 640/8 | €1,461 | €1,901 | +€440 | +30.2% |
| Gross operating margin | 9900 | €48,399 | €76,437 | +€28,038 | +57.9% |
| Operating profit (loss) | 9901 | €27,965 | €55,341 | +€27,377 | +97.9% |
| Financial income | 75/76B | €733 | €1,237 | +€504 | +68.8% |
| Recurring financial income | 75 | €733 | €1,237 | +€504 | +68.8% |
| Financial charges | 65/66B | €6,325 | €8,978 | +€2,653 | +41.9% |
| Recurring financial charges | 65 | €6,325 | €8,978 | +€2,653 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €22,373 | €47,601 | +€25,228 | +112.8% |
| Income taxes | 67/77 | €166 | €9,220 | +€9,054 | +5444.2% |
| Profit (loss) for the period | 9904 | €22,207 | €38,381 | +€16,174 | +72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,207 | €38,381 | +€16,174 | +72.8% |
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 10 October 2026 via checked.be.