SYRAH: 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.
SYRAH
Largest movements
- Stocks and contracts -€12,125
down €12,125 (-12.8%), from €94,556 to €82,431
- Tangible fixed assets -€10,479
down €10,479 (-70.2%), from €14,923 to €4,443
of which Other tangible fixed assets: -€9,312
- Receivables within one year +€4,305
up €4,305 (+41.6%), from €10,345 to €14,650
of which Trade receivables: +€9,294
- Current portion of long-term debt -€21,372
down €21,372 (-92.6%), from €23,075 to €1,703
- Debts after one year +€8,342
up €8,342 (+83.4%), from €10,000 to €18,342
of which Other amounts payable: +€18,342
- Reserves -€7,838
no longer reported in 2026 (was €7,838)
- Short-term financial debts +€7,395
up €7,395 (+27.1%), from €27,238 to €34,633
- Profit (loss) carried forward -€4,321
down €4,321 (-400.1%), from -€1,080 to -€5,401
- Gross operating margin +€11,891
up €11,891, from -€4,871 to €7,020
- Depreciation -€5,121
down €5,121 (-32.5%), from €15,769 to €10,648
- Financial charges +€2,366
up €2,366 (+42.3%), from €5,593 to €7,959
- Other operating charges -€645
down €645 (-47.3%), from €1,365 to €720
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €121,640 | €104,076 | -€17,564 | -14.4% |
| Fixed assets | 21/28 | €15,215 | €4,567 | -€10,648 | -70.0% |
| Intangible fixed assets | 21 | €168 | - | -€168 | |
| Tangible fixed assets | 22/27 | €14,923 | €4,443 | -€10,479 | -70.2% |
| Furniture and vehicles | 24 | €2,154 | €986 | -€1,168 | -54.2% |
| Other tangible fixed assets | 26 | €12,769 | €3,457 | -€9,312 | -72.9% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €106,425 | €99,509 | -€6,916 | -6.5% |
| Stocks and contracts in progress | 3 | €94,556 | €82,431 | -€12,125 | -12.8% |
| Stocks | 30/36 | €94,556 | €82,431 | -€12,125 | -12.8% |
| Amounts receivable within one year | 40/41 | €10,345 | €14,650 | +€4,305 | +41.6% |
| Trade receivables | 40 | €4,733 | €14,027 | +€9,294 | +196.4% |
| Other amounts receivable | 41 | €5,613 | €623 | -€4,990 | -88.9% |
| Cash at bank and in hand | 54/58 | €1,377 | €1,635 | +€258 | +18.7% |
| Deferred charges and accrued income | 490/1 | €147 | €793 | +€646 | +439.4% |
| Total equity and liabilities | 10/49 | €121,640 | €104,076 | -€17,564 | -14.4% |
| Equity | 10/15 | €27,209 | €15,050 | -€12,159 | -44.7% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €7,838 | - | -€7,838 | |
| Tax-exempt reserves | 132 | €7,838 | - | -€7,838 | |
| Profit (loss) carried forward | 14 | -€1,080 | -€5,401 | -€4,321 | -400.1% |
| Amounts payable | 17/49 | €94,432 | €89,026 | -€5,406 | -5.7% |
| Amounts payable after more than one year | 17 | €10,000 | €18,342 | +€8,342 | +83.4% |
| Financial debts | 170/4 | €10,000 | - | -€10,000 | |
| Other amounts payable | 178/9 | - | €18,342 | +€18,342 | |
| Amounts payable within one year | 42/48 | €83,589 | €70,684 | -€12,905 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €23,075 | €1,703 | -€21,372 | -92.6% |
| Financial debts | 43 | €27,238 | €34,633 | +€7,395 | +27.1% |
| Credit institutions | 430/8 | €27,238 | €34,633 | +€7,395 | +27.1% |
| Trade debts | 44 | €31,631 | €30,747 | -€884 | -2.8% |
| Suppliers | 440/4 | €31,631 | €30,747 | -€884 | -2.8% |
| Taxes, remuneration and social security | 45 | €1,114 | €3,601 | +€2,487 | +223.2% |
| Taxes | 450/3 | €1,114 | €3,601 | +€2,487 | +223.2% |
| Other amounts payable | 47/48 | €531 | - | -€531 | |
| Accrued charges and deferred income | 492/3 | €842 | - | -€842 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,769 | €10,648 | -€5,121 | -32.5% |
| Other operating charges | 640/8 | €1,365 | €720 | -€645 | -47.3% |
| Gross operating margin | 9900 | -€4,871 | €7,020 | +€11,891 | |
| Operating profit (loss) | 9901 | -€22,006 | -€4,347 | +€17,658 | +80.2% |
| Financial income | 75/76B | €112 | €148 | +€36 | +32.1% |
| Recurring financial income | 75 | €112 | €148 | +€36 | +32.1% |
| Financial charges | 65/66B | €5,593 | €7,959 | +€2,366 | +42.3% |
| Recurring financial charges | 65 | €5,593 | €7,959 | +€2,366 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | -€27,486 | -€12,159 | +€15,328 | +55.8% |
| Income taxes | 67/77 | €14 | - | -€14 | |
| Profit (loss) for the period | 9904 | -€27,501 | -€12,159 | +€15,342 | +55.8% |
| Transfer from tax-exempt reserves | 789 | - | €7,838 | +€7,838 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,501 | -€4,321 | +€23,180 | +84.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.