SYQUEST MANAGEMENT: 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.
SYQUEST MANAGEMENT
Largest movements
- Tangible fixed assets +€103,462
up €103,462 (+32.6%), from €317,072 to €420,534
of which Land and buildings: +€109,138
- Receivables within one year -€53,358
down €53,358 (-13.2%), from €404,774 to €351,416
of which Other amounts receivable: -€53,358
- Cash +€13,463
up €13,463 (+44.9%), from €30,004 to €43,467
mainly Net result for the year (+€107,779) and Debts after one year (+€103,846)
- Debts after one year +€103,846
up €103,846 (+103%), from €100,701 to €204,546
- Reserves -€91,044
down €91,044 (-22.0%), from €413,861 to €322,817
- Other debts +€37,006
up €37,006 (+89.8%), from €41,230 to €78,236
- Current portion of long-term debt +€10,573
up €10,573 (+30.1%), from €35,162 to €45,735
- Depreciation +€19,156
up €19,156 (+63.2%), from €30,305 to €49,461
- Taxes -€5,332
down €5,332 (-10.1%), from €52,726 to €47,394
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 | €761,311 | €824,917 | +€63,606 | +8.4% |
| Fixed assets | 21/28 | €317,072 | €420,534 | +€103,462 | +32.6% |
| Tangible fixed assets | 22/27 | €317,072 | €420,534 | +€103,462 | +32.6% |
| Land and buildings | 22 | €294,968 | €404,106 | +€109,138 | +37.0% |
| Plant, machinery and equipment | 23 | €10,298 | €9,120 | -€1,177 | -11.4% |
| Furniture and vehicles | 24 | €11,806 | €7,308 | -€4,499 | -38.1% |
| Current assets | 29/58 | €444,239 | €404,383 | -€39,856 | -9.0% |
| Amounts receivable within one year | 40/41 | €404,774 | €351,416 | -€53,358 | -13.2% |
| Trade receivables | 40 | €465 | €465 | = | 0.0% |
| Other amounts receivable | 41 | €404,310 | €350,951 | -€53,358 | -13.2% |
| Cash at bank and in hand | 54/58 | €30,004 | €43,467 | +€13,463 | +44.9% |
| Deferred charges and accrued income | 490/1 | €9,461 | €9,501 | +€39 | +0.4% |
| Total equity and liabilities | 10/49 | €761,311 | €824,917 | +€63,606 | +8.4% |
| Equity | 10/15 | €522,420 | €431,376 | -€91,044 | -17.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €413,861 | €322,817 | -€91,044 | -22.0% |
| Distributable reserves | 133 | €413,861 | €322,817 | -€91,044 | -22.0% |
| Profit (loss) carried forward | 14 | €89,959 | €89,959 | = | 0.0% |
| Amounts payable | 17/49 | €238,892 | €393,542 | +€154,650 | +64.7% |
| Amounts payable after more than one year | 17 | €100,701 | €204,546 | +€103,846 | +103% |
| Financial debts | 170/4 | €100,701 | €204,546 | +€103,846 | +103% |
| Amounts payable within one year | 42/48 | €138,010 | €188,794 | +€50,785 | +36.8% |
| Current portion of amounts payable after more than one year | 42 | €35,162 | €45,735 | +€10,573 | +30.1% |
| Financial debts | 43 | €10,764 | €9,420 | -€1,343 | -12.5% |
| Credit institutions | 430/8 | €10,764 | €8,712 | -€2,052 | -19.1% |
| Other loans | 439 | €0 | €709 | +€709 | |
| Trade debts | 44 | €1,958 | €3,612 | +€1,654 | +84.5% |
| Suppliers | 440/4 | €1,958 | €3,612 | +€1,654 | +84.5% |
| Taxes, remuneration and social security | 45 | €48,896 | €51,791 | +€2,895 | +5.9% |
| Taxes | 450/3 | €48,896 | €51,791 | +€2,895 | +5.9% |
| Other amounts payable | 47/48 | €41,230 | €78,236 | +€37,006 | +89.8% |
| Accrued charges and deferred income | 492/3 | €182 | €201 | +€19 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,305 | €49,461 | +€19,156 | +63.2% |
| Other operating charges | 640/8 | €2,646 | €3,085 | +€440 | +16.6% |
| Gross operating margin | 9900 | €189,158 | €190,741 | +€1,583 | +0.8% |
| Operating profit (loss) | 9901 | €156,207 | €138,195 | -€18,012 | -11.5% |
| Financial income | 75/76B | €22,362 | €21,770 | -€592 | -2.6% |
| Recurring financial income | 75 | €22,362 | €21,770 | -€592 | -2.6% |
| Financial charges | 65/66B | €4,618 | €4,793 | +€175 | +3.8% |
| Recurring financial charges | 65 | €4,618 | €4,793 | +€175 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €173,951 | €155,173 | -€18,778 | -10.8% |
| Income taxes | 67/77 | €52,726 | €47,394 | -€5,332 | -10.1% |
| Profit (loss) for the period | 9904 | €121,225 | €107,779 | -€13,446 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,225 | €107,779 | -€13,446 | -11.1% |
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 29 October 2026 via checked.be.