SYQ: 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.
SYQ
Largest movements
- Cash +€275,664
up €275,664 (+419%), from €65,806 to €341,470
mainly Depreciation (+€218,031) and Net result for the year (+€208,768)
- Tangible fixed assets -€122,627
down €122,627 (-16.9%), from €724,705 to €602,078
- Receivables within one year -€93,431
down €93,431 (-55.0%), from €169,936 to €76,505
of which Other amounts receivable: -€77,210
- Deferred charges and accrued income +€40,879
up €40,879 (+140%), from €29,178 to €70,057
- Reserves +€205,000
up €205,000 (+24.8%), from €825,136 to €1.0m
of which Distributable reserves: +€205,000
- Debts after one year -€138,916
down €138,916 (-34.1%), from €406,885 to €267,969
of which Financial debts: -€94,916
- Tax, wage and social debts +€59,035
up €59,035 (+46.9%), from €125,823 to €184,858
of which Taxes: +€49,890
- Other debts -€36,474
down €36,474 (-79.3%), from €45,982 to €9,508
- Provisions +€22,297
up €22,297 (+53.2%), from €41,913 to €64,210
- Depreciation -€46,370
down €46,370 (-17.5%), from €264,401 to €218,031
- Taxes +€20,631
up €20,631 (+27.8%), from €74,292 to €94,923
- Provisions -€19,616
down €19,616 (-46.8%), from €41,913 to €22,297
- Staff costs -€11,543
down €11,543 (-2.3%), from €508,877 to €497,334
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.
Derived cash bridge
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 | €1,663,438 | €1,770,785 | +€107,347 | +6.5% |
| Fixed assets | 21/28 | €724,705 | €602,078 | -€122,627 | -16.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €724,705 | €602,078 | -€122,627 | -16.9% |
| Land and buildings | 22 | €181,225 | €145,750 | -€35,475 | -19.6% |
| Plant, machinery and equipment | 23 | €196,860 | €154,524 | -€42,337 | -21.5% |
| Furniture and vehicles | 24 | €21,252 | €15,258 | -€5,994 | -28.2% |
| Other tangible fixed assets | 26 | €325,367 | €286,545 | -€38,822 | -11.9% |
| Current assets | 29/58 | €938,734 | €1,168,707 | +€229,974 | +24.5% |
| Amounts receivable after more than one year | 29 | €507,000 | €511,312 | +€4,312 | +0.9% |
| Trade receivables | 290 | €507,000 | €0 | -€507,000 | -100% |
| Other amounts receivable | 291 | - | €511,312 | +€511,312 | |
| Stocks and contracts in progress | 3 | €166,814 | €169,364 | +€2,550 | +1.5% |
| Stocks | 30/36 | €166,814 | €169,364 | +€2,550 | +1.5% |
| Amounts receivable within one year | 40/41 | €169,936 | €76,505 | -€93,431 | -55.0% |
| Trade receivables | 40 | €20,727 | €4,506 | -€16,221 | -78.3% |
| Other amounts receivable | 41 | €149,208 | €71,998 | -€77,210 | -51.7% |
| Cash at bank and in hand | 54/58 | €65,806 | €341,470 | +€275,664 | +419% |
| Deferred charges and accrued income | 490/1 | €29,178 | €70,057 | +€40,879 | +140% |
| Total equity and liabilities | 10/49 | €1,663,438 | €1,770,785 | +€107,347 | +6.5% |
| Equity | 10/15 | €879,240 | €1,088,007 | +€208,768 | +23.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €825,136 | €1,030,136 | +€205,000 | +24.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €825,136 | €1,030,136 | +€205,000 | +24.8% |
| Profit (loss) carried forward | 14 | €4,103 | €7,871 | +€3,768 | +91.8% |
| Provisions and deferred taxes | 16 | €41,913 | €64,210 | +€22,297 | +53.2% |
| Provisions for liabilities and charges | 160/5 | €41,913 | €64,210 | +€22,297 | +53.2% |
| Other liabilities and charges | 164/5 | €41,913 | €64,210 | +€22,297 | +53.2% |
| Amounts payable | 17/49 | €742,286 | €618,568 | -€123,717 | -16.7% |
| Amounts payable after more than one year | 17 | €406,885 | €267,969 | -€138,916 | -34.1% |
| Financial debts | 170/4 | €271,885 | €176,969 | -€94,916 | -34.9% |
| Other amounts payable | 178/9 | €135,000 | €91,000 | -€44,000 | -32.6% |
| Amounts payable within one year | 42/48 | €331,898 | €347,658 | +€15,759 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €110,738 | €96,016 | -€14,722 | -13.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €49,355 | €56,525 | +€7,171 | +14.5% |
| Suppliers | 440/4 | €49,355 | €56,525 | +€7,171 | +14.5% |
| Advances received on contracts in progress | 46 | €0 | €750 | +€750 | |
| Taxes, remuneration and social security | 45 | €125,823 | €184,858 | +€59,035 | +46.9% |
| Taxes | 450/3 | €83,030 | €132,920 | +€49,890 | +60.1% |
| Remuneration and social security | 454/9 | €42,794 | €51,938 | +€9,145 | +21.4% |
| Other amounts payable | 47/48 | €45,982 | €9,508 | -€36,474 | -79.3% |
| Accrued charges and deferred income | 492/3 | €3,503 | €2,942 | -€561 | -16.0% |
| Non-recurring operating income | 76A | €91 | €0 | -€91 | -100% |
| Remuneration, social security and pensions | 62 | €508,877 | €497,334 | -€11,543 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,401 | €218,031 | -€46,370 | -17.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €41,913 | €22,297 | -€19,616 | -46.8% |
| Other operating charges | 640/8 | €25,624 | €31,888 | +€6,264 | +24.4% |
| Non-recurring operating charges | 66A | - | €1,222 | +€1,222 | |
| Gross operating margin | 9900 | €1,091,915 | €1,082,062 | -€9,853 | -0.9% |
| Operating profit (loss) | 9901 | €251,100 | €311,291 | +€60,191 | +24.0% |
| Financial income | 75/76B | €24,667 | €34,610 | +€9,944 | +40.3% |
| Recurring financial income | 75 | €24,667 | €34,610 | +€9,944 | +40.3% |
| Financial charges | 65/66B | €42,549 | €42,211 | -€338 | -0.8% |
| Recurring financial charges | 65 | €42,549 | €42,211 | -€338 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €233,217 | €303,690 | +€70,473 | +30.2% |
| Income taxes | 67/77 | €74,292 | €94,923 | +€20,631 | +27.8% |
| Profit (loss) for the period | 9904 | €158,926 | €208,768 | +€49,842 | +31.4% |
| Profit (loss) for the period to be appropriated | 9905 | €158,926 | €208,768 | +€49,842 | +31.4% |
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 16 October 2026 via checked.be.