SYREC: 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.
SYREC
Largest movements
- Tangible fixed assets +€13,806
new in 2025: €13,806
- Receivables within one year -€8,345
down €8,345 (-7.5%), from €111,627 to €103,282
of which Trade receivables: -€10,143
- Stocks and contracts +€7,420
up €7,420 (+220%), from €3,380 to €10,800
of which Contracts in progress: +€7,000
- Cash -€5,695
down €5,695 (-50.8%), from €11,215 to €5,520
mainly Investment in fixed assets (net) (-€14,000) and Stocks and contracts (-€7,420)
- Reserves +€9,033
up €9,033 (+9.3%), from €97,292 to €106,325
- Profit (loss) carried forward -€8,709
down €8,709 (-96.4%), from €9,033 to €324
- Trade debts +€4,670
up €4,670 (+360%), from €1,297 to €5,967
- Tax, wage and social debts +€2,192
new in 2025: €2,192
- Gross operating margin -€6,377
down €6,377 (-66.6%), from €9,572 to €3,196
- Taxes +€2,038
up €2,038 (+1,325%), from €154 to €2,192
- Depreciation +€194
new in 2025: €194
- Financial charges +€137
up €137 (+51.3%), from €268 to €405
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 | €126,222 | €133,408 | +€7,186 | +5.7% |
| Fixed assets | 21/28 | - | €13,806 | +€13,806 | |
| Tangible fixed assets | 22/27 | - | €13,806 | +€13,806 | |
| Furniture and vehicles | 24 | - | €13,806 | +€13,806 | |
| Current assets | 29/58 | €126,222 | €119,602 | -€6,620 | -5.2% |
| Stocks and contracts in progress | 3 | €3,380 | €10,800 | +€7,420 | +220% |
| Stocks | 30/36 | €3,380 | €3,800 | +€420 | +12.4% |
| Contracts in progress | 37 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €111,627 | €103,282 | -€8,345 | -7.5% |
| Trade receivables | 40 | €99,462 | €89,319 | -€10,143 | -10.2% |
| Other amounts receivable | 41 | €12,165 | €13,963 | +€1,798 | +14.8% |
| Cash at bank and in hand | 54/58 | €11,215 | €5,520 | -€5,695 | -50.8% |
| Total equity and liabilities | 10/49 | €126,222 | €133,408 | +€7,186 | +5.7% |
| Equity | 10/15 | €124,925 | €125,249 | +€324 | +0.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €97,292 | €106,325 | +€9,033 | +9.3% |
| Distributable reserves | 133 | €97,292 | €106,325 | +€9,033 | +9.3% |
| Profit (loss) carried forward | 14 | €9,033 | €324 | -€8,709 | -96.4% |
| Amounts payable | 17/49 | €1,297 | €8,159 | +€6,862 | +529% |
| Amounts payable within one year | 42/48 | €1,297 | €8,159 | +€6,862 | +529% |
| Trade debts | 44 | €1,297 | €5,967 | +€4,670 | +360% |
| Suppliers | 440/4 | €1,297 | €5,967 | +€4,670 | +360% |
| Taxes, remuneration and social security | 45 | - | €2,192 | +€2,192 | |
| Taxes | 450/3 | - | €2,192 | +€2,192 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €194 | +€194 | |
| Other operating charges | 640/8 | €118 | €82 | -€37 | -31.0% |
| Gross operating margin | 9900 | €9,572 | €3,196 | -€6,377 | -66.6% |
| Operating profit (loss) | 9901 | €9,454 | €2,920 | -€6,534 | -69.1% |
| Financial income | 75/76B | €1 | €2 | +€1 | +134% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +134% |
| Financial charges | 65/66B | €268 | €405 | +€137 | +51.3% |
| Recurring financial charges | 65 | €268 | €405 | +€137 | +51.3% |
| Profit (loss) for the period before taxes | 9903 | €9,187 | €2,516 | -€6,671 | -72.6% |
| Income taxes | 67/77 | €154 | €2,192 | +€2,038 | +1,325% |
| Profit (loss) for the period | 9904 | €9,033 | €324 | -€8,709 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,033 | €324 | -€8,709 | -96.4% |
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 15 October 2026 via checked.be.