SYON: 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.
SYON
Largest movements
- Tangible fixed assets -€61,755
down €61,755 (-4.9%), from €1.3m to €1.2m
of which Land and buildings: -€48,872
- Current investments +€25,474
up €25,474 (+30.0%), from €84,971 to €110,445
- Receivables within one year -€17,927
down €17,927 (-15.0%), from €119,838 to €101,910
of which Trade receivables: -€18,117
- Debts after one year -€56,928
down €56,928 (-10.3%), from €553,672 to €496,744
- Short-term financial debts -€40,000
down €40,000 (-33.3%), from €120,000 to €80,000
- Reserves +€39,000
up €39,000 (+10.7%), from €364,500 to €403,500
of which Distributable reserves: +€39,000
- Gross operating margin +€42,011
up €42,011 (+19.7%), from €213,517 to €255,528
- Other operating charges +€37,590
up €37,590 (+571.2%), from €6,581 to €44,171
- Write-downs -€24,480
down €24,480, from €13,582 to -€10,898
- Financial charges +€12,400
up €12,400 (+36.3%), from €34,146 to €46,546
- Financial income -€5,608
down €5,608 (-75.9%), from €7,386 to €1,779
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 | €1,581,402 | €1,511,188 | -€70,214 | -4.4% |
| Fixed assets | 21/28 | €1,283,425 | €1,218,522 | -€64,903 | -5.1% |
| Intangible fixed assets | 21 | €23,610 | €20,463 | -€3,148 | -13.3% |
| Tangible fixed assets | 22/27 | €1,259,815 | €1,198,060 | -€61,755 | -4.9% |
| Land and buildings | 22 | €997,333 | €948,460 | -€48,872 | -4.9% |
| Plant, machinery and equipment | 23 | €5,766 | €5,633 | -€134 | -2.3% |
| Furniture and vehicles | 24 | €10,090 | €4,467 | -€5,624 | -55.7% |
| Other tangible fixed assets | 26 | €246,625 | €239,500 | -€7,125 | -2.9% |
| Current assets | 29/58 | €297,977 | €292,666 | -€5,311 | -1.8% |
| Amounts receivable within one year | 40/41 | €119,838 | €101,910 | -€17,927 | -15.0% |
| Trade receivables | 40 | €110,794 | €92,677 | -€18,117 | -16.4% |
| Other amounts receivable | 41 | €9,043 | €9,233 | +€190 | +2.1% |
| Current investments | 50/53 | €84,971 | €110,445 | +€25,474 | +30.0% |
| Cash at bank and in hand | 54/58 | €84,070 | €71,114 | -€12,955 | -15.4% |
| Deferred charges and accrued income | 490/1 | €9,099 | €9,196 | +€97 | +1.1% |
| Total equity and liabilities | 10/49 | €1,581,402 | €1,511,188 | -€70,214 | -4.4% |
| Equity | 10/15 | €412,847 | €451,742 | +€38,895 | +9.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €364,500 | €403,500 | +€39,000 | +10.7% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €362,000 | €401,000 | +€39,000 | +10.8% |
| Profit (loss) carried forward | 14 | €23,347 | €23,242 | -€105 | -0.5% |
| Amounts payable | 17/49 | €1,168,555 | €1,059,446 | -€109,109 | -9.3% |
| Amounts payable after more than one year | 17 | €553,672 | €496,744 | -€56,928 | -10.3% |
| Financial debts | 170/4 | €553,672 | €496,744 | -€56,928 | -10.3% |
| Amounts payable within one year | 42/48 | €594,329 | €534,214 | -€60,115 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €56,672 | €57,202 | +€530 | +0.9% |
| Financial debts | 43 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Credit institutions | 430/8 | €120,000 | €80,000 | -€40,000 | -33.3% |
| Trade debts | 44 | €23,790 | €13,907 | -€9,883 | -41.5% |
| Suppliers | 440/4 | €23,790 | €13,907 | -€9,883 | -41.5% |
| Taxes, remuneration and social security | 45 | €10,950 | €12,862 | +€1,912 | +17.5% |
| Taxes | 450/3 | €10,950 | €12,862 | +€1,912 | +17.5% |
| Other amounts payable | 47/48 | €382,917 | €370,243 | -€12,674 | -3.3% |
| Accrued charges and deferred income | 492/3 | €20,553 | €28,488 | +€7,935 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,341 | €68,456 | +€2,115 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,582 | -€10,898 | -€24,480 | |
| Other operating charges | 640/8 | €6,581 | €44,171 | +€37,590 | +571.2% |
| Non-recurring operating charges | 66A | €5,020 | - | -€5,020 | |
| Gross operating margin | 9900 | €213,517 | €255,528 | +€42,011 | +19.7% |
| Operating profit (loss) | 9901 | €121,993 | €153,798 | +€31,805 | +26.1% |
| Financial income | 75/76B | €7,386 | €1,779 | -€5,608 | -75.9% |
| Recurring financial income | 75 | €7,386 | €1,779 | -€5,608 | -75.9% |
| Financial charges | 65/66B | €34,146 | €46,546 | +€12,400 | +36.3% |
| Recurring financial charges | 65 | €34,146 | €46,546 | +€12,400 | +36.3% |
| Profit (loss) for the period before taxes | 9903 | €95,233 | €109,031 | +€13,798 | +14.5% |
| Income taxes | 67/77 | €31,671 | €32,277 | +€605 | +1.9% |
| Profit (loss) for the period | 9904 | €63,561 | €76,754 | +€13,193 | +20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €63,561 | €76,754 | +€13,193 | +20.8% |
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 12 October 2026 via checked.be.