SYREN: 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.
SYREN
Largest movements
- Cash +€4,730
up €4,730 (+71.6%), from €6,606 to €11,336
mainly Advances received (+€14,139) and Tax, wage and social debts (+€1,062)
- Receivables within one year +€4,276
up €4,276 (+15.8%), from €27,094 to €31,370
of which Trade receivables: +€3,649
- Tangible fixed assets +€1,329
up €1,329 (+2215.2%), from €60 to €1,389
of which Furniture and vehicles: +€1,329
- Advances received +€14,139
up €14,139, from €0 to €14,139
- Profit (loss) carried forward -€4,468
down €4,468 (-2.4%), from -€189,384 to -€193,851
- Tax, wage and social debts +€1,062
up €1,062 (+1052.3%), from €101 to €1,163
- Gross operating margin -€149,777
down €149,777, from €149,262 to -€515
- Taxes -€30,917
down €30,917 (-92.9%), from €33,290 to €2,373
- Other operating charges -€6,059
down €6,059 (-80.6%), from €7,516 to €1,457
- Financial charges -€4,618
down €4,618 (-99.5%), from €4,641 to €23
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 | €36,100 | €46,586 | +€10,486 | +29.0% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,172 | €2,501 | +€1,329 | +113.3% |
| Tangible fixed assets | 22/27 | €60 | €1,389 | +€1,329 | +2215.2% |
| Land and buildings | 22 | €0 | - | = | |
| Furniture and vehicles | 24 | €60 | €1,389 | +€1,329 | +2215.2% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €1,112 | €1,112 | = | 0.0% |
| Current assets | 29/58 | €34,928 | €44,084 | +€9,157 | +26.2% |
| Amounts receivable within one year | 40/41 | €27,094 | €31,370 | +€4,276 | +15.8% |
| Trade receivables | 40 | €20,384 | €24,033 | +€3,649 | +17.9% |
| Other amounts receivable | 41 | €6,710 | €7,337 | +€627 | +9.3% |
| Cash at bank and in hand | 54/58 | €6,606 | €11,336 | +€4,730 | +71.6% |
| Deferred charges and accrued income | 490/1 | €1,227 | €1,378 | +€151 | +12.3% |
| Total equity and liabilities | 10/49 | €36,100 | €46,586 | +€10,486 | +29.0% |
| Equity | 10/15 | -€181,324 | -€185,791 | -€4,468 | -2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€189,384 | -€193,851 | -€4,468 | -2.4% |
| Amounts payable | 17/49 | €217,423 | €232,377 | +€14,953 | +6.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €217,423 | €232,377 | +€14,953 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €152,951 | €152,703 | -€248 | -0.2% |
| Suppliers | 440/4 | €152,951 | €152,703 | -€248 | -0.2% |
| Advances received on contracts in progress | 46 | €0 | €14,139 | +€14,139 | |
| Taxes, remuneration and social security | 45 | €101 | €1,163 | +€1,062 | +1052.3% |
| Taxes | 450/3 | €101 | €1,163 | +€1,062 | +1052.3% |
| Other amounts payable | 47/48 | €64,372 | €64,372 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115 | €100 | -€15 | -12.9% |
| Other operating charges | 640/8 | €7,516 | €1,457 | -€6,059 | -80.6% |
| Gross operating margin | 9900 | €149,262 | -€515 | -€149,777 | |
| Operating profit (loss) | 9901 | €141,631 | -€2,071 | -€143,703 | |
| Financial charges | 65/66B | €4,641 | €23 | -€4,618 | -99.5% |
| Recurring financial charges | 65 | €4,641 | €23 | -€4,618 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | €136,990 | -€2,094 | -€139,084 | |
| Income taxes | 67/77 | €33,290 | €2,373 | -€30,917 | -92.9% |
| Profit (loss) for the period | 9904 | €103,700 | -€4,468 | -€108,168 | |
| Profit (loss) for the period to be appropriated | 9905 | €103,700 | -€4,468 | -€108,168 |
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 30 September 2026 via checked.be.