SYLVARDENNES: 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.
SYLVARDENNES
Largest movements
- Tangible fixed assets -€52,316
down €52,316 (-20.9%), from €250,769 to €198,453
of which Furniture and vehicles: -€28,468
- Cash +€37,416
up €37,416 (+75.9%), from €49,324 to €86,740
mainly Depreciation (+€61,191) and Receivables within one year (+€28,303)
- Receivables within one year -€28,303
down €28,303 (-55.3%), from €51,207 to €22,904
of which Trade receivables: -€31,837
- Stocks and contracts -€26,915
down €26,915 (-22.0%), from €122,233 to €95,318
- Deferred charges and accrued income +€7,770
up €7,770 (+1,122%), from €693 to €8,462
- Debts after one year -€30,857
down €30,857 (-51.7%), from €59,709 to €28,852
- Trade debts -€23,061
down €23,061 (-36.6%), from €62,973 to €39,912
- Tax, wage and social debts -€7,004
down €7,004 (-44.4%), from €15,783 to €8,779
of which Taxes: -€7,539
- Gross operating margin +€30,533
up €30,533 (+33.4%), from €91,487 to €122,020
- Staff costs +€21,517
up €21,517 (+79.8%), from €26,967 to €48,483
- Depreciation -€5,333
down €5,333 (-8.0%), from €66,524 to €61,191
- Taxes +€2,771
up €2,771, from €0 to €2,771
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 | €476,126 | €412,527 | -€63,599 | -13.4% |
| Fixed assets | 21/28 | €252,669 | €199,103 | -€53,566 | -21.2% |
| Tangible fixed assets | 22/27 | €250,769 | €198,453 | -€52,316 | -20.9% |
| Land and buildings | 22 | €141,247 | €135,931 | -€5,316 | -3.8% |
| Plant, machinery and equipment | 23 | €46,509 | €27,977 | -€18,532 | -39.8% |
| Furniture and vehicles | 24 | €63,013 | €34,546 | -€28,468 | -45.2% |
| Financial fixed assets | 28 | €1,900 | €650 | -€1,250 | -65.8% |
| Current assets | 29/58 | €223,457 | €213,424 | -€10,033 | -4.5% |
| Stocks and contracts in progress | 3 | €122,233 | €95,318 | -€26,915 | -22.0% |
| Stocks | 30/36 | €122,233 | €95,318 | -€26,915 | -22.0% |
| Amounts receivable within one year | 40/41 | €51,207 | €22,904 | -€28,303 | -55.3% |
| Trade receivables | 40 | €36,719 | €4,882 | -€31,837 | -86.7% |
| Other amounts receivable | 41 | €14,488 | €18,022 | +€3,534 | +24.4% |
| Cash at bank and in hand | 54/58 | €49,324 | €86,740 | +€37,416 | +75.9% |
| Deferred charges and accrued income | 490/1 | €693 | €8,462 | +€7,770 | +1,122% |
| Total equity and liabilities | 10/49 | €476,126 | €412,527 | -€63,599 | -13.4% |
| Equity | 10/15 | €300,553 | €304,027 | +€3,474 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €183,627 | €187,027 | +€3,400 | +1.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,868 | €71,868 | = | 0.0% |
| Distributable reserves | 133 | €109,900 | €113,300 | +€3,400 | +3.1% |
| Profit (loss) carried forward | 14 | €104,525 | €104,600 | +€74 | +0.1% |
| Amounts payable | 17/49 | €175,573 | €108,500 | -€67,073 | -38.2% |
| Amounts payable after more than one year | 17 | €59,709 | €28,852 | -€30,857 | -51.7% |
| Financial debts | 170/4 | €59,709 | €28,852 | -€30,857 | -51.7% |
| Amounts payable within one year | 42/48 | €114,064 | €79,548 | -€34,516 | -30.3% |
| Current portion of amounts payable after more than one year | 42 | €35,308 | €30,857 | -€4,451 | -12.6% |
| Trade debts | 44 | €62,973 | €39,912 | -€23,061 | -36.6% |
| Suppliers | 440/4 | €62,973 | €39,912 | -€23,061 | -36.6% |
| Taxes, remuneration and social security | 45 | €15,783 | €8,779 | -€7,004 | -44.4% |
| Taxes | 450/3 | €9,219 | €1,680 | -€7,539 | -81.8% |
| Remuneration and social security | 454/9 | €6,565 | €7,100 | +€535 | +8.1% |
| Accrued charges and deferred income | 492/3 | €1,800 | €100 | -€1,700 | -94.4% |
| Remuneration, social security and pensions | 62 | €26,967 | €48,483 | +€21,517 | +79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,524 | €61,191 | -€5,333 | -8.0% |
| Other operating charges | 640/8 | €1,870 | €971 | -€899 | -48.1% |
| Gross operating margin | 9900 | €91,487 | €122,020 | +€30,533 | +33.4% |
| Operating profit (loss) | 9901 | -€3,873 | €11,375 | +€15,248 | |
| Financial income | 75/76B | - | €10 | +€10 | |
| Recurring financial income | 75 | - | €10 | +€10 | |
| Financial charges | 65/66B | €6,304 | €5,140 | -€1,164 | -18.5% |
| Recurring financial charges | 65 | €6,304 | €5,140 | -€1,164 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | -€10,177 | €6,245 | +€16,423 | |
| Income taxes | 67/77 | €0 | €2,771 | +€2,771 | |
| Profit (loss) for the period | 9904 | -€10,177 | €3,474 | +€13,652 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,177 | €3,474 | +€13,652 |
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 28 October 2026 via checked.be.