SYOPA: 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.
SYOPA
Largest movements
- Cash -€412,398
down €412,398 (-64.7%), from €637,679 to €225,281
mainly Contributions, distributions and other (-€787,840) and Current investments (-€155,816)
- Current investments +€155,816
up €155,816 (+12.6%), from €1.2m to €1.4m
- Receivables within one year -€62,250
down €62,250 (-22.9%), from €272,423 to €210,174
of which Trade receivables: -€32,120
- Receivables after one year -€30,392
down €30,392 (-100.0%), from €30,392 to €0
- Tangible fixed assets -€26,104
down €26,104 (-6.9%), from €380,837 to €354,734
of which Land and buildings: -€18,616
- Reserves -€409,656
down €409,656 (-21.6%), from €1.9m to €1.5m
of which Distributable reserves: -€409,656
- Trade debts +€148,457
up €148,457 (+540.5%), from €27,468 to €175,925
- Other debts -€54,545
down €54,545 (-18.6%), from €293,359 to €238,814
- Short-term financial debts -€33,821
down €33,821 (-100.0%), from €33,821 to €0
- Debts after one year -€28,744
down €28,744 (-16.4%), from €175,262 to €146,518
- Gross operating margin -€155,400
down €155,400 (-20.3%), from €764,096 to €608,695
- Financial income -€137,578
down €137,578 (-78.0%), from €176,461 to €38,883
- Taxes -€52,938
down €52,938 (-22.5%), from €234,960 to €182,022
- Depreciation +€15,023
up €15,023 (+34.3%), from €43,828 to €58,851
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.
Cash bridge derived
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 | €2,565,139 | €2,193,286 | -€371,852 | -14.5% |
| Fixed assets | 21/28 | €380,867 | €354,764 | -€26,104 | -6.9% |
| Tangible fixed assets | 22/27 | €380,837 | €354,734 | -€26,104 | -6.9% |
| Land and buildings | 22 | €239,395 | €220,779 | -€18,616 | -7.8% |
| Plant, machinery and equipment | 23 | €1,616 | €471 | -€1,144 | -70.8% |
| Furniture and vehicles | 24 | €102,010 | €85,167 | -€16,844 | -16.5% |
| Other tangible fixed assets | 26 | €37,817 | €48,317 | +€10,500 | +27.8% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €2,184,271 | €1,838,523 | -€345,749 | -15.8% |
| Amounts receivable after more than one year | 29 | €30,392 | €0 | -€30,392 | -100.0% |
| Other amounts receivable | 291 | €30,392 | €0 | -€30,392 | -100.0% |
| Amounts receivable within one year | 40/41 | €272,423 | €210,174 | -€62,250 | -22.9% |
| Trade receivables | 40 | €242,294 | €210,174 | -€32,120 | -13.3% |
| Other amounts receivable | 41 | €30,129 | €0 | -€30,129 | -100.0% |
| Current investments | 50/53 | €1,235,523 | €1,391,339 | +€155,816 | +12.6% |
| Cash at bank and in hand | 54/58 | €637,679 | €225,281 | -€412,398 | -64.7% |
| Deferred charges and accrued income | 490/1 | €8,253 | €11,728 | +€3,476 | +42.1% |
| Total equity and liabilities | 10/49 | €2,565,139 | €2,193,286 | -€371,852 | -14.5% |
| Equity | 10/15 | €1,909,288 | €1,499,632 | -€409,656 | -21.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,896,888 | €1,487,232 | -€409,656 | -21.6% |
| Tax-exempt reserves | 132 | €15,887 | €15,887 | = | 0.0% |
| Distributable reserves | 133 | €1,881,001 | €1,471,345 | -€409,656 | -21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €655,851 | €693,654 | +€37,804 | +5.8% |
| Amounts payable after more than one year | 17 | €175,262 | €146,518 | -€28,744 | -16.4% |
| Financial debts | 170/4 | €175,262 | €146,518 | -€28,744 | -16.4% |
| Amounts payable within one year | 42/48 | €479,803 | €546,347 | +€66,544 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €27,691 | €28,744 | +€1,052 | +3.8% |
| Financial debts | 43 | €33,821 | €0 | -€33,821 | -100.0% |
| Credit institutions | 430/8 | €33,821 | €0 | -€33,821 | -100.0% |
| Trade debts | 44 | €27,468 | €175,925 | +€148,457 | +540.5% |
| Suppliers | 440/4 | €27,468 | €175,925 | +€148,457 | +540.5% |
| Taxes, remuneration and social security | 45 | €97,464 | €102,865 | +€5,401 | +5.5% |
| Taxes | 450/3 | €97,464 | €102,865 | +€5,401 | +5.5% |
| Other amounts payable | 47/48 | €293,359 | €238,814 | -€54,545 | -18.6% |
| Accrued charges and deferred income | 492/3 | €786 | €789 | +€3 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,828 | €58,851 | +€15,023 | +34.3% |
| Other operating charges | 640/8 | €5,114 | €5,216 | +€102 | +2.0% |
| Non-recurring operating charges | 66A | €20,084 | €0 | -€20,084 | -100.0% |
| Gross operating margin | 9900 | €764,096 | €608,695 | -€155,400 | -20.3% |
| Operating profit (loss) | 9901 | €695,070 | €544,628 | -€150,441 | -21.6% |
| Financial income | 75/76B | €176,461 | €38,883 | -€137,578 | -78.0% |
| Recurring financial income | 75 | €176,461 | €38,883 | -€137,578 | -78.0% |
| Financial charges | 65/66B | €16,421 | €23,305 | +€6,884 | +41.9% |
| Recurring financial charges | 65 | €16,421 | €23,305 | +€6,884 | +41.9% |
| Profit (loss) for the period before taxes | 9903 | €855,110 | €560,206 | -€294,904 | -34.5% |
| Income taxes | 67/77 | €234,960 | €182,022 | -€52,938 | -22.5% |
| Profit (loss) for the period | 9904 | €620,150 | €378,184 | -€241,966 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €620,150 | €378,184 | -€241,966 | -39.0% |
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 12 October 2026 via checked.be.