SYRACUSE: what changed
Two fiscal 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.
SYRACUSE
Largest movements
- Tangible fixed assets -€22,378
down €22,378 (-4.3%), from €522,644 to €500,265
of which Land and buildings: -€21,931
- Cash +€15,106
up €15,106 (+94.5%), from €15,981 to €31,088
mainly Depreciation (+€22,378) and Receivables within one year (+€5,410)
- Reserves -€8,902
down €8,902 (-3.6%), from €244,384 to €235,482
of which Tax-exempt reserves: -€8,902
- Gross operating margin +€7,764
up €7,764 (+60.1%), from €12,920 to €20,684
- Depreciation +€7,252
up €7,252 (+47.9%), from €15,127 to €22,378
- Other operating charges +€1,646
up €1,646 (+33.9%), from €4,854 to €6,500
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 | €548,950 | €535,308 | -€13,642 | -2.5% |
| Fixed assets | 21/28 | €522,644 | €500,265 | -€22,378 | -4.3% |
| Tangible fixed assets | 22/27 | €522,644 | €500,265 | -€22,378 | -4.3% |
| Land and buildings | 22 | €521,367 | €499,436 | -€21,931 | -4.2% |
| Plant, machinery and equipment | 23 | €1,038 | €691 | -€348 | -33.5% |
| Furniture and vehicles | 24 | €238 | €138 | -€100 | -41.9% |
| Current assets | 29/58 | €26,307 | €35,043 | +€8,736 | +33.2% |
| Amounts receivable within one year | 40/41 | €9,225 | €3,815 | -€5,410 | -58.6% |
| Trade receivables | 40 | €9,225 | €3,509 | -€5,716 | -62.0% |
| Other amounts receivable | 41 | - | €306 | +€306 | |
| Cash at bank and in hand | 54/58 | €15,981 | €31,088 | +€15,106 | +94.5% |
| Deferred charges and accrued income | 490/1 | €1,100 | €140 | -€960 | -87.2% |
| Total equity and liabilities | 10/49 | €548,950 | €535,308 | -€13,642 | -2.5% |
| Equity | 10/15 | €398,466 | €393,168 | -€5,299 | -1.3% |
| Contributions | 10/11 | €236,100 | €236,100 | = | 0.0% |
| Capital | 10 | €236,100 | €236,100 | = | 0.0% |
| Issued capital | 100 | €236,100 | €236,100 | = | 0.0% |
| Reserves | 13 | €244,384 | €235,482 | -€8,902 | -3.6% |
| Non-distributable reserves | 130/1 | €270 | €270 | = | 0.0% |
| Legal reserve | 130 | €270 | €270 | = | 0.0% |
| Tax-exempt reserves | 132 | €241,750 | €232,848 | -€8,902 | -3.7% |
| Distributable reserves | 133 | €2,364 | €2,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€82,018 | -€78,414 | +€3,603 | +4.4% |
| Provisions and deferred taxes | 16 | €80,583 | €77,616 | -€2,967 | -3.7% |
| Deferred taxes | 168 | €80,583 | €77,616 | -€2,967 | -3.7% |
| Amounts payable | 17/49 | €69,901 | €64,525 | -€5,376 | -7.7% |
| Amounts payable within one year | 42/48 | €69,901 | €64,525 | -€5,376 | -7.7% |
| Trade debts | 44 | €1,279 | €1,040 | -€239 | -18.7% |
| Suppliers | 440/4 | €1,279 | €1,040 | -€239 | -18.7% |
| Taxes, remuneration and social security | 45 | €294 | €0 | -€294 | -100.0% |
| Taxes | 450/3 | €294 | €0 | -€294 | -100.0% |
| Other amounts payable | 47/48 | €68,328 | €63,485 | -€4,843 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,127 | €22,378 | +€7,252 | +47.9% |
| Other operating charges | 640/8 | €4,854 | €6,500 | +€1,646 | +33.9% |
| Gross operating margin | 9900 | €12,920 | €20,684 | +€7,764 | +60.1% |
| Operating profit (loss) | 9901 | -€7,060 | -€8,194 | -€1,134 | -16.1% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €106 | €75 | -€31 | -28.9% |
| Recurring financial charges | 65 | €106 | €75 | -€31 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,166 | -€8,266 | -€1,101 | -15.4% |
| Transfer from deferred taxes | 780 | €2,967 | €2,967 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,198 | -€5,299 | -€1,101 | -26.2% |
| Transfer from tax-exempt reserves | 789 | €8,902 | €8,902 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,704 | €3,603 | -€1,101 | -23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.