SYMAERTS: 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.
SYMAERTS
Largest movements
- Receivables within one year -€102,214
down €102,214 (-26.0%), from €392,749 to €290,535
of which Other amounts receivable: -€56,198
- Stocks and contracts -€43,504
down €43,504 (-27.2%), from €160,175 to €116,671
of which Contracts in progress: -€28,500
- Tangible fixed assets -€33,437
down €33,437 (-21.8%), from €153,531 to €120,094
of which Leasing and similar rights: -€22,901
- Trade debts -€85,838
down €85,838 (-41.4%), from €207,467 to €121,629
- Short-term financial debts -€61,130
down €61,130 (-52.8%), from €115,835 to €54,704
- Debts after one year -€19,757
down €19,757 (-34.1%), from €57,893 to €38,137
- Staff costs -€86,942
down €86,942 (-40.5%), from €214,651 to €127,709
- Gross operating margin -€67,889
down €67,889 (-24.9%), from €273,088 to €205,199
- Depreciation +€19,416
up €19,416 (+123%), from €15,830 to €35,246
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 | €773,558 | €601,331 | -€172,227 | -22.3% |
| Fixed assets | 21/28 | €153,531 | €120,094 | -€33,437 | -21.8% |
| Tangible fixed assets | 22/27 | €153,531 | €120,094 | -€33,437 | -21.8% |
| Plant, machinery and equipment | 23 | €16,471 | €12,300 | -€4,172 | -25.3% |
| Furniture and vehicles | 24 | €10,668 | €6,928 | -€3,740 | -35.1% |
| Leasing and similar rights | 25 | €111,752 | €88,851 | -€22,901 | -20.5% |
| Other tangible fixed assets | 26 | €14,641 | €12,016 | -€2,624 | -17.9% |
| Current assets | 29/58 | €620,027 | €481,237 | -€138,790 | -22.4% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €160,175 | €116,671 | -€43,504 | -27.2% |
| Stocks | 30/36 | €131,674 | €116,671 | -€15,004 | -11.4% |
| Contracts in progress | 37 | €28,500 | - | -€28,500 | |
| Amounts receivable within one year | 40/41 | €392,749 | €290,535 | -€102,214 | -26.0% |
| Trade receivables | 40 | €234,954 | €188,938 | -€46,016 | -19.6% |
| Other amounts receivable | 41 | €157,795 | €101,597 | -€56,198 | -35.6% |
| Cash at bank and in hand | 54/58 | €5,575 | €8,139 | +€2,565 | +46.0% |
| Deferred charges and accrued income | 490/1 | €11,529 | €15,892 | +€4,363 | +37.8% |
| Total equity and liabilities | 10/49 | €773,558 | €601,331 | -€172,227 | -22.3% |
| Equity | 10/15 | €354,692 | €357,982 | +€3,290 | +0.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €334,692 | €337,982 | +€3,290 | +1.0% |
| Distributable reserves | 133 | €334,692 | €337,982 | +€3,290 | +1.0% |
| Amounts payable | 17/49 | €418,866 | €243,349 | -€175,517 | -41.9% |
| Amounts payable after more than one year | 17 | €57,893 | €38,137 | -€19,757 | -34.1% |
| Financial debts | 170/4 | €57,893 | €38,137 | -€19,757 | -34.1% |
| Amounts payable within one year | 42/48 | €360,973 | €204,684 | -€156,289 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | €25,973 | €23,164 | -€2,809 | -10.8% |
| Financial debts | 43 | €115,835 | €54,704 | -€61,130 | -52.8% |
| Credit institutions | 430/8 | €115,835 | €54,704 | -€61,130 | -52.8% |
| Trade debts | 44 | €207,467 | €121,629 | -€85,838 | -41.4% |
| Suppliers | 440/4 | €207,467 | €121,629 | -€85,838 | -41.4% |
| Taxes, remuneration and social security | 45 | €11,698 | €5,188 | -€6,510 | -55.7% |
| Taxes | 450/3 | €3,140 | - | -€3,140 | |
| Remuneration and social security | 454/9 | €8,558 | €5,188 | -€3,370 | -39.4% |
| Accrued charges and deferred income | 492/3 | - | €528 | +€528 | |
| Remuneration, social security and pensions | 62 | €214,651 | €127,709 | -€86,942 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,830 | €35,246 | +€19,416 | +123% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,144 | +€2,144 | |
| Other operating charges | 640/8 | €16,065 | €14,831 | -€1,234 | -7.7% |
| Gross operating margin | 9900 | €273,088 | €205,199 | -€67,889 | -24.9% |
| Operating profit (loss) | 9901 | €26,542 | €25,270 | -€1,273 | -4.8% |
| Financial income | 75/76B | €6,387 | €4,401 | -€1,986 | -31.1% |
| Recurring financial income | 75 | €6,317 | €4,401 | -€1,916 | -30.3% |
| Non-recurring financial income | 76B | €70 | - | -€70 | |
| Financial charges | 65/66B | €11,670 | €13,315 | +€1,645 | +14.1% |
| Recurring financial charges | 65 | €11,670 | €13,315 | +€1,645 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €21,259 | €16,356 | -€4,904 | -23.1% |
| Income taxes | 67/77 | €12,665 | €13,066 | +€401 | +3.2% |
| Profit (loss) for the period | 9904 | €8,595 | €3,290 | -€5,305 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,595 | €3,290 | -€5,305 | -61.7% |
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 29 October 2026 via checked.be.