SYRACUSE HOLDING BV: 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.
What changed
SYRACUSE HOLDING BV
NACE 70.100, Activities of head offices
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€47,322
2024 · €52,868-€5,545
Equity
€70.3m
2024 · €58.2m+€12.0m
Cash
€18,845
2024 · €365+€18,480
Balance sheet total
€80.3m
2024 · €66.3m+€14.1m
Largest movements
Assets
- Receivables within one year +€14.2m
up €14.2m (+332%), from €4.3m to €18.4m
of which Other amounts receivable: +€14.3m
Equity and liabilities
- Contributions +€12.0m
up €12.0m (+20.7%), from €58.0m to €70.0m
- Debts after one year +€4.0m
up €4.0m (+66.7%), from €6.0m to €10.0m
- Other debts -€1.9m
down €1.9m (-98.4%), from €1.9m to €30,685
Income statement
- Other operating income -€83,980
no longer reported in 2025 (was €83,980)
- Services and other goods -€75,070
down €75,070 (-36.2%), from €207,443 to €132,373
- Turnover +€75,000
up €75,000 (+12.5%), from €600,000 to €675,000
- Financial charges +€64,891
up €64,891 (+19.7%), from €329,054 to €393,945
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.
Result 2024
€52,868
Turnover
+€75,000
Other operating income
-€83,980
Services and other goods
+€75,070
Other operating charges
-€33
Financial charges
-€64,891
Taxes
-€6,712
Result 2025
€47,322
raises the resultlowers the result
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.
From operations
-€16.0m
Investment
€0
Financing
+€16.0m
Cash 2024
€365
From operations (derived)
-€16.0m
Net result for the year
+€47,322
Depreciation
+€84,448
Receivables within one year
-€14.2m
Smaller working-capital items
-€15,350
Other debts
-€1.9m
Financing
+€16.0m
Debts after one year
+€4.0m
Short-term financial debts
-€25,070
Contributions, distributions and other
+€12.0m
Cash 2025
€18,845
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,259,535 | €80,336,399 | +€14.1m | +21.2% |
| Formation expenses | 20 | €167,060 | €82,613 | -€84,448 | -50.5% |
| Fixed assets | 21/28 | €61,755,754 | €61,755,754 | = | 0.0% |
| Financial fixed assets | 28 | €61,755,754 | €61,755,754 | = | 0.0% |
| Affiliated companies | 280/1 | €61,755,754 | €61,755,754 | = | 0.0% |
| Participating interests | 280 | €61,755,754 | €61,755,754 | = | 0.0% |
| Current assets | 29/58 | €4,336,720 | €18,498,032 | +€14.2m | +327% |
| Amounts receivable within one year | 40/41 | €4,265,118 | €18,426,138 | +€14.2m | +332% |
| Trade receivables | 40 | €1,670,000 | €1,550,000 | -€120,000 | -7.2% |
| Other amounts receivable | 41 | €2,595,118 | €16,876,138 | +€14.3m | +550% |
| Cash at bank and in hand | 54/58 | €365 | €18,845 | +€18,480 | +5,057% |
| Deferred charges and accrued income | 490/1 | €71,236 | €53,048 | -€18,188 | -25.5% |
| Total equity and liabilities | 10/49 | €66,259,535 | €80,336,399 | +€14.1m | +21.2% |
| Equity | 10/15 | €58,223,045 | €70,270,367 | +€12.0m | +20.7% |
| Contributions | 10/11 | €58,000,000 | €70,000,000 | +€12.0m | +20.7% |
| Reserves | 13 | €223,045 | €270,367 | +€47,322 | +21.2% |
| Distributable reserves | 133 | €223,045 | €270,367 | +€47,322 | +21.2% |
| Amounts payable | 17/49 | €8,036,490 | €10,066,032 | +€2.0m | +25.3% |
| Amounts payable after more than one year | 17 | €6,000,000 | €10,000,000 | +€4.0m | +66.7% |
| Financial debts | 170/4 | €6,000,000 | €10,000,000 | +€4.0m | +66.7% |
| Other loans | 174 | €6,000,000 | €10,000,000 | +€4.0m | +66.7% |
| Amounts payable within one year | 42/48 | €2,036,364 | €65,904 | -€2.0m | -96.8% |
| Financial debts | 43 | €25,070 | - | -€25,070 | |
| Credit institutions | 430/8 | €25,070 | - | -€25,070 | |
| Trade debts | 44 | €68,759 | €33,419 | -€35,340 | -51.4% |
| Suppliers | 440/4 | €68,759 | €33,419 | -€35,340 | -51.4% |
| Taxes, remuneration and social security | 45 | - | €1,800 | +€1,800 | |
| Taxes | 450/3 | - | €1,800 | +€1,800 | |
| Other amounts payable | 47/48 | €1,942,534 | €30,685 | -€1.9m | -98.4% |
| Accrued charges and deferred income | 492/3 | €126 | €128 | +€2 | +1.6% |
| Operating income | 70/76A | €683,980 | €675,000 | -€8,980 | -1.3% |
| Turnover | 70 | €600,000 | €675,000 | +€75,000 | +12.5% |
| Other operating income | 74 | €83,980 | - | -€83,980 | |
| Operating charges | 60/66A | €292,985 | €217,947 | -€75,037 | -25.6% |
| Services and other goods | 61 | €207,443 | €132,373 | -€75,070 | -36.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,448 | €84,448 | = | 0.0% |
| Other operating charges | 640/8 | €1,094 | €1,126 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | €390,995 | €457,053 | +€66,057 | +16.9% |
| Financial charges | 65/66B | €329,054 | €393,945 | +€64,891 | +19.7% |
| Recurring financial charges | 65 | €329,054 | €393,945 | +€64,891 | +19.7% |
| Debt charges | 650 | €328,878 | €243,268 | -€85,610 | -26.0% |
| Other financial charges | 652/9 | €176 | €150,678 | +€150,501 | +85,338% |
| Profit (loss) for the period before taxes | 9903 | €61,941 | €63,108 | +€1,166 | +1.9% |
| Income taxes | 67/77 | €9,074 | €15,785 | +€6,712 | +74.0% |
| Taxes | 670/3 | €15,500 | €15,800 | +€300 | +1.9% |
| Tax adjustments and reversals of tax provisions | 77 | €6,426 | €15 | -€6,412 | -99.8% |
| Profit (loss) for the period | 9904 | €52,868 | €47,322 | -€5,545 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €52,868 | €47,322 | -€5,545 | -10.5% |
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 26 October 2026 via checked.be.