Syo: 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.
Syo
Largest movements
- Receivables within one year +€95,203
up €95,203 (+36.9%), from €258,308 to €353,510
of which Other amounts receivable: +€85,203
- Tangible fixed assets -€28,796
down €28,796 (-2.9%), from €994,720 to €965,924
of which Land and buildings: -€28,671
- Tax, wage and social debts +€39,264
up €39,264 (+47.7%), from €82,362 to €121,625
of which Taxes: +€32,834
- Debts after one year -€37,700
down €37,700 (-6.1%), from €613,655 to €575,955
- Reserves +€37,179
up €37,179 (+12.0%), from €310,841 to €348,020
- Other debts +€35,000
up €35,000 (+58.3%), from €60,000 to €95,000
- Staff costs +€23,604
up €23,604 (+408.8%), from €5,774 to €29,378
- Gross operating margin +€19,793
up €19,793 (+15.6%), from €126,892 to €146,685
- Taxes +€8,777
up €8,777 (+61.2%), from €14,350 to €23,127
- Financial charges -€2,759
down €2,759 (-16.6%), from €16,656 to €13,898
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,253,051 | €1,319,458 | +€66,407 | +5.3% |
| Fixed assets | 21/28 | €994,720 | €965,924 | -€28,796 | -2.9% |
| Tangible fixed assets | 22/27 | €994,720 | €965,924 | -€28,796 | -2.9% |
| Land and buildings | 22 | €994,595 | €965,924 | -€28,671 | -2.9% |
| Plant, machinery and equipment | 23 | €125 | - | -€125 | |
| Current assets | 29/58 | €258,332 | €353,534 | +€95,203 | +36.9% |
| Amounts receivable within one year | 40/41 | €258,308 | €353,510 | +€95,203 | +36.9% |
| Trade receivables | 40 | €11,220 | €21,220 | +€10,000 | +89.1% |
| Other amounts receivable | 41 | €247,088 | €332,291 | +€85,203 | +34.5% |
| Cash at bank and in hand | 54/58 | €24 | €24 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,253,051 | €1,319,458 | +€66,407 | +5.3% |
| Equity | 10/15 | €330,841 | €368,020 | +€37,179 | +11.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €310,841 | €348,020 | +€37,179 | +12.0% |
| Distributable reserves | 133 | €310,841 | €348,020 | +€37,179 | +12.0% |
| Amounts payable | 17/49 | €922,210 | €951,438 | +€29,228 | +3.2% |
| Amounts payable after more than one year | 17 | €613,655 | €575,955 | -€37,700 | -6.1% |
| Financial debts | 170/4 | €613,655 | €575,955 | -€37,700 | -6.1% |
| Amounts payable within one year | 42/48 | €308,555 | €375,483 | +€66,928 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €122,117 | €109,210 | -€12,907 | -10.6% |
| Financial debts | 43 | €36,643 | €40,003 | +€3,360 | +9.2% |
| Credit institutions | 430/8 | €36,643 | €40,003 | +€3,360 | +9.2% |
| Trade debts | 44 | €7,434 | €9,644 | +€2,210 | +29.7% |
| Suppliers | 440/4 | €7,434 | €9,644 | +€2,210 | +29.7% |
| Taxes, remuneration and social security | 45 | €82,362 | €121,625 | +€39,264 | +47.7% |
| Taxes | 450/3 | €82,362 | €115,195 | +€32,834 | +39.9% |
| Remuneration and social security | 454/9 | - | €6,430 | +€6,430 | |
| Other amounts payable | 47/48 | €60,000 | €95,000 | +€35,000 | +58.3% |
| Remuneration, social security and pensions | 62 | €5,774 | €29,378 | +€23,604 | +408.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,801 | €36,734 | +€934 | +2.6% |
| Other operating charges | 640/8 | €5,082 | €6,368 | +€1,287 | +25.3% |
| Gross operating margin | 9900 | €126,892 | €146,685 | +€19,793 | +15.6% |
| Operating profit (loss) | 9901 | €80,236 | €74,204 | -€6,032 | -7.5% |
| Financial charges | 65/66B | €16,656 | €13,898 | -€2,759 | -16.6% |
| Recurring financial charges | 65 | €16,656 | €13,898 | -€2,759 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €63,579 | €60,306 | -€3,273 | -5.1% |
| Income taxes | 67/77 | €14,350 | €23,127 | +€8,777 | +61.2% |
| Profit (loss) for the period | 9904 | €49,229 | €37,179 | -€12,050 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,229 | €37,179 | -€12,050 | -24.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.