SYOLHA: 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.
SYOLHA
Largest movements
- Tangible fixed assets -€193,317
down €193,317 (-46.1%), from €418,934 to €225,617
of which Land and buildings: -€162,957
- Cash +€70,248
up €70,248 (+2,160%), from €3,252 to €73,500
mainly Investment in fixed assets (net) (+€166,186) and Depreciation (+€27,131)
- Provisions -€91,209
down €91,209 (-21.4%), from €425,362 to €334,153
of which Provisions for liabilities and charges: -€46,152
- Reserves -€41,993
down €41,993 (-17.4%), from €240,857 to €198,864
of which Tax-exempt reserves: -€89,675
- Tax, wage and social debts +€23,958
up €23,958 (+53.3%), from €44,923 to €68,881
of which Taxes: +€23,175
- Financial charges +€68,528
up €68,528 (+270%), from €25,361 to €93,889
of which Non-recurring financial charges: +€69,880
- Taxes +€48,468
up €48,468 (+334%), from €14,517 to €62,985
- Provisions -€40,220
down €40,220 (-678%), from -€5,932 to -€46,152
- Gross operating margin +€12,901
up €12,901 (+12.3%), from €104,646 to €117,547
- Depreciation -€5,795
down €5,795 (-17.6%), from €32,926 to €27,131
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 | €1,061,007 | €942,728 | -€118,279 | -11.1% |
| Fixed assets | 21/28 | €953,869 | €760,552 | -€193,317 | -20.3% |
| Intangible fixed assets | 21 | €528,536 | €528,536 | = | 0.0% |
| Tangible fixed assets | 22/27 | €418,934 | €225,617 | -€193,317 | -46.1% |
| Land and buildings | 22 | €315,633 | €152,676 | -€162,957 | -51.6% |
| Plant, machinery and equipment | 23 | €88,393 | €39,710 | -€48,683 | -55.1% |
| Furniture and vehicles | 24 | €11,308 | €29,631 | +€18,323 | +162% |
| Other tangible fixed assets | 26 | €3,600 | €3,600 | = | 0.0% |
| Financial fixed assets | 28 | €6,399 | €6,399 | = | 0.0% |
| Current assets | 29/58 | €107,138 | €182,176 | +€75,038 | +70.0% |
| Amounts receivable within one year | 40/41 | €27,857 | €34,136 | +€6,279 | +22.5% |
| Trade receivables | 40 | €3,928 | €14,647 | +€10,719 | +273% |
| Other amounts receivable | 41 | €23,928 | €19,488 | -€4,440 | -18.6% |
| Current investments | 50/53 | €72,960 | €72,960 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,252 | €73,500 | +€70,248 | +2,160% |
| Deferred charges and accrued income | 490/1 | €3,069 | €1,580 | -€1,489 | -48.5% |
| Total equity and liabilities | 10/49 | €1,061,007 | €942,728 | -€118,279 | -11.1% |
| Equity | 10/15 | €501,834 | €459,841 | -€41,993 | -8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €240,857 | €198,864 | -€41,993 | -17.4% |
| Non-distributable reserves | 130/1 | €72,960 | €72,960 | = | 0.0% |
| Own shares acquired | 1312 | €72,960 | €72,960 | = | 0.0% |
| Tax-exempt reserves | 132 | €166,037 | €76,362 | -€89,675 | -54.0% |
| Distributable reserves | 133 | €1,860 | €49,542 | +€47,682 | +2,564% |
| Profit (loss) carried forward | 14 | €242,377 | €242,377 | = | 0.0% |
| Provisions and deferred taxes | 16 | €425,362 | €334,153 | -€91,209 | -21.4% |
| Provisions for liabilities and charges | 160/5 | €339,686 | €293,534 | -€46,152 | -13.6% |
| Environmental obligations | 163 | €170,722 | €164,570 | -€6,152 | -3.6% |
| Other liabilities and charges | 164/5 | €168,964 | €128,964 | -€40,000 | -23.7% |
| Deferred taxes | 168 | €85,676 | €40,619 | -€45,057 | -52.6% |
| Amounts payable | 17/49 | €133,811 | €148,734 | +€14,923 | +11.2% |
| Amounts payable within one year | 42/48 | €133,811 | €148,734 | +€14,923 | +11.2% |
| Financial debts | 43 | €4,010 | €148 | -€3,862 | -96.3% |
| Credit institutions | 430/8 | €4,010 | €148 | -€3,862 | -96.3% |
| Trade debts | 44 | €2,410 | €123 | -€2,287 | -94.9% |
| Suppliers | 440/4 | €2,410 | €123 | -€2,287 | -94.9% |
| Advances received on contracts in progress | 46 | €600 | €600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €44,923 | €68,881 | +€23,958 | +53.3% |
| Taxes | 450/3 | €37,823 | €60,998 | +€23,175 | +61.3% |
| Remuneration and social security | 454/9 | €7,100 | €7,883 | +€782 | +11.0% |
| Other amounts payable | 47/48 | €81,868 | €78,982 | -€2,886 | -3.5% |
| Remuneration, social security and pensions | 62 | €43,083 | €44,198 | +€1,115 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,926 | €27,131 | -€5,795 | -17.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€5,932 | -€46,152 | -€40,220 | -678% |
| Other operating charges | 640/8 | €3,147 | €2,548 | -€599 | -19.0% |
| Gross operating margin | 9900 | €104,646 | €117,547 | +€12,901 | +12.3% |
| Operating profit (loss) | 9901 | €31,422 | €89,822 | +€58,399 | +186% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €25,361 | €93,889 | +€68,528 | +270% |
| Recurring financial charges | 65 | €25,361 | €24,010 | -€1,352 | -5.3% |
| Non-recurring financial charges | 66B | - | €69,880 | +€69,880 | |
| Profit (loss) for the period before taxes | 9903 | €6,061 | -€4,065 | -€10,126 | |
| Transfer from deferred taxes | 780 | €6,034 | €45,057 | +€39,023 | +647% |
| Income taxes | 67/77 | €14,517 | €62,985 | +€48,468 | +334% |
| Profit (loss) for the period | 9904 | -€2,422 | -€21,993 | -€19,571 | -808% |
| Transfer from tax-exempt reserves | 789 | €11,717 | €89,675 | +€77,958 | +665% |
| Profit (loss) for the period to be appropriated | 9905 | €9,295 | €67,682 | +€58,387 | +628% |
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 16 October 2026 via checked.be.