SYROS: 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.
What changed
SYROS
NACE 46.392, Non-specialised wholesale
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€931,283
2023 · €30,200+€901,082
Equity
€2.1m
2023 · €1.2m+€931,283
Cash
€559,375
2023 · €496,831+€62,545
Balance sheet total
€11.9m
2023 · €10.7m+€1.2m
Largest movements
Assets
- Stocks and contracts +€978,573
up €978,573 (+23.4%), from €4.2m to €5.2m
- Receivables within one year +€775,632
up €775,632 (+25.8%), from €3.0m to €3.8m
of which Trade receivables: +€857,836
- Tangible fixed assets -€382,388
down €382,388 (-30.4%), from €1.3m to €873,992
of which Land and buildings: -€310,285
- Receivables after one year -€320,000
down €320,000 (-100.0%), from €320,000 to €0
Equity and liabilities
- Provisions -€944,358
down €944,358 (-100.0%), from €944,358 to €0
- Reserves +€931,283
up €931,283 (+89.5%), from €1.0m to €2.0m
of which Distributable reserves: +€924,348
- Trade debts +€902,310
up €902,310 (+31.3%), from €2.9m to €3.8m
- Other debts +€805,127
new in 2024: €805,127
- Debts after one year -€540,203
down €540,203 (-69.3%), from €779,778 to €239,575
Income statement
- Turnover +€1.9m
up €1.9m (+8.5%), from €22.9m to €24.8m
- Services and other goods +€734,832
up €734,832 (+14.2%), from €5.2m to €5.9m
- Staff costs +€267,309
up €267,309 (+13.3%), from €2.0m to €2.3m
- Financial charges -€261,201
down €261,201 (-33.4%), from €781,232 to €520,031
From the 2023 result to the 2024 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 2023
€30,200
Turnover
+€1.9m
Other operating income
-€8,856
Goods and materials
-€103,721
Services and other goods
-€734,832
Staff costs
-€267,309
Depreciation
-€16,597
Write-downs
-€28,900
Other operating charges
-€4,921
Other operating items
+€96,452
Financial income
-€230,759
Financial charges
+€261,201
Result 2024
€931,283
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€743,254
Investment
-€244,619
Financing
-€436,090
Cash 2023
€496,831
From operations (derived)
+€743,254
Net result for the year
+€931,283
Depreciation
+€520,275
Receivables after one year
+€320,000
Stocks and contracts
-€978,573
Receivables within one year
-€775,632
Deferred charges and accrued income
-€1,669
Provisions
-€944,358
Trade debts
+€902,310
Tax, wage and social debts
-€38,633
Other debts
+€805,127
Accrued charges and deferred income
+€3,122
Investment (derived)
-€244,619
Investment in fixed assets (net)
-€244,619
Financing
-€436,090
Debts after one year
-€540,203
Current portion of long-term debt
-€102,382
Short-term financial debts
+€206,495
Cash 2024
€559,375
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,665,172 | €11,887,934 | +€1.2m | +11.5% |
| Fixed assets | 21/28 | €1,640,514 | €1,364,858 | -€275,656 | -16.8% |
| Intangible fixed assets | 21 | €383,884 | €490,616 | +€106,732 | +27.8% |
| Tangible fixed assets | 22/27 | €1,256,380 | €873,992 | -€382,388 | -30.4% |
| Land and buildings | 22 | €378,806 | €68,520 | -€310,285 | -81.9% |
| Plant, machinery and equipment | 23 | €336,485 | €473,730 | +€137,246 | +40.8% |
| Furniture and vehicles | 24 | €38,125 | €20,944 | -€17,181 | -45.1% |
| Leasing and similar rights | 25 | €485,846 | €297,111 | -€188,735 | -38.8% |
| Other tangible fixed assets | 26 | €17,118 | €13,687 | -€3,431 | -20.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Other financial fixed assets | 284/8 | €250 | €250 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €9,024,658 | €10,523,076 | +€1.5m | +16.6% |
| Amounts receivable after more than one year | 29 | €320,000 | €0 | -€320,000 | -100.0% |
| Other amounts receivable | 291 | €320,000 | €0 | -€320,000 | -100.0% |
| Stocks and contracts in progress | 3 | €4,173,981 | €5,152,553 | +€978,573 | +23.4% |
| Stocks | 30/36 | €4,173,981 | €5,152,553 | +€978,573 | +23.4% |
| Raw materials and consumables | 30/31 | €3,438,604 | €3,869,478 | +€430,874 | +12.5% |
| Finished goods | 33 | €111,114 | €177,563 | +€66,449 | +59.8% |
| Advance payments | 36 | €624,263 | €1,105,513 | +€481,250 | +77.1% |
| Amounts receivable within one year | 40/41 | €3,011,987 | €3,787,619 | +€775,632 | +25.8% |
| Trade receivables | 40 | €2,727,676 | €3,585,512 | +€857,836 | +31.4% |
| Other amounts receivable | 41 | €284,312 | €202,107 | -€82,204 | -28.9% |
| Current investments | 50/53 | €1,006,576 | €1,006,576 | = | 0.0% |
| Own shares | 50 | €1,006,576 | €1,006,576 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €496,831 | €559,375 | +€62,545 | +12.6% |
| Deferred charges and accrued income | 490/1 | €15,283 | €16,952 | +€1,669 | +10.9% |
| Total equity and liabilities | 10/49 | €10,665,172 | €11,887,934 | +€1.2m | +11.5% |
| Equity | 10/15 | €1,165,832 | €2,097,115 | +€931,283 | +79.9% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Capital | 10 | €125,000 | €125,000 | = | 0.0% |
| Issued capital | 100 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €1,040,832 | €1,972,115 | +€931,283 | +89.5% |
| Non-distributable reserves | 130/1 | €1,012,142 | €1,019,076 | +€6,934 | +0.7% |
| Legal reserve | 130 | €5,566 | €12,500 | +€6,934 | +124.6% |
| Own shares acquired | 1312 | €1,006,576 | €1,006,576 | = | 0.0% |
| Distributable reserves | 133 | €28,690 | €953,039 | +€924,348 | +3221.8% |
| Provisions and deferred taxes | 16 | €944,358 | €0 | -€944,358 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €944,358 | €0 | -€944,358 | -100.0% |
| Pensions and similar obligations | 160 | €944,358 | €0 | -€944,358 | -100.0% |
| Amounts payable | 17/49 | €8,554,982 | €9,790,820 | +€1.2m | +14.4% |
| Amounts payable after more than one year | 17 | €779,778 | €239,575 | -€540,203 | -69.3% |
| Financial debts | 170/4 | €779,778 | €239,575 | -€540,203 | -69.3% |
| Leasing and similar obligations | 172 | €291,939 | €113,569 | -€178,369 | -61.1% |
| Credit institutions | 173 | €343,615 | €29,006 | -€314,609 | -91.6% |
| Other loans | 174 | €144,224 | €97,000 | -€47,224 | -32.7% |
| Amounts payable within one year | 42/48 | €7,775,204 | €9,548,122 | +€1.8m | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €377,134 | €274,751 | -€102,382 | -27.1% |
| Financial debts | 43 | €4,151,483 | €4,357,978 | +€206,495 | +5.0% |
| Credit institutions | 430/8 | €4,151,483 | €4,357,978 | +€206,495 | +5.0% |
| Trade debts | 44 | €2,884,542 | €3,786,852 | +€902,310 | +31.3% |
| Suppliers | 440/4 | €2,884,542 | €3,786,852 | +€902,310 | +31.3% |
| Taxes, remuneration and social security | 45 | €362,046 | €323,413 | -€38,633 | -10.7% |
| Taxes | 450/3 | €41,126 | €46,351 | +€5,225 | +12.7% |
| Remuneration and social security | 454/9 | €320,920 | €277,062 | -€43,858 | -13.7% |
| Other amounts payable | 47/48 | - | €805,127 | +€805,127 | |
| Accrued charges and deferred income | 492/3 | - | €3,122 | +€3,122 | |
| Operating income | 70/76A | €23,170,076 | €25,223,983 | +€2.1m | +8.9% |
| Turnover | 70 | €22,857,112 | €24,796,435 | +€1.9m | +8.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €17,066 | €45,317 | +€28,251 | +165.5% |
| Own construction capitalised | 72 | €88,767 | €169,519 | +€80,752 | +91.0% |
| Other operating income | 74 | €201,881 | €193,026 | -€8,856 | -4.4% |
| Non-recurring operating income | 76A | €5,248 | €19,686 | +€14,437 | +275.1% |
| Operating charges | 60/66A | €22,835,702 | €24,018,969 | +€1.2m | +5.2% |
| Goods for resale, raw materials and consumables | 60 | €15,127,571 | €15,231,293 | +€103,721 | +0.7% |
| Purchases | 600/8 | €14,346,849 | €15,731,480 | +€1.4m | +9.7% |
| Change in stocks: decrease (increase) | 609 | €780,723 | -€500,188 | -€1.3m | |
| Services and other goods | 61 | €5,166,728 | €5,901,560 | +€734,832 | +14.2% |
| Remuneration, social security and pensions | 62 | €2,015,344 | €2,282,653 | +€267,309 | +13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €503,678 | €520,275 | +€16,597 | +3.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€32,953 | -€4,053 | +€28,900 | +87.7% |
| Other operating charges | 640/8 | €55,334 | €60,255 | +€4,921 | +8.9% |
| Non-recurring operating charges | 66A | - | €26,987 | +€26,987 | |
| Operating profit (loss) | 9901 | €334,374 | €1,205,014 | +€870,640 | +260.4% |
| Financial income | 75/76B | €477,058 | €246,300 | -€230,759 | -48.4% |
| Recurring financial income | 75 | €477,058 | €246,300 | -€230,759 | -48.4% |
| Income from current assets | 751 | €11,104 | €0 | -€11,104 | -100.0% |
| Other financial income | 752/9 | €465,954 | €246,300 | -€219,655 | -47.1% |
| Financial charges | 65/66B | €781,232 | €520,031 | -€261,201 | -33.4% |
| Recurring financial charges | 65 | €781,232 | €520,031 | -€261,201 | -33.4% |
| Debt charges | 650 | €183,704 | €177,408 | -€6,296 | -3.4% |
| Other financial charges | 652/9 | €597,528 | €342,623 | -€254,905 | -42.7% |
| Profit (loss) for the period before taxes | 9903 | €30,200 | €931,283 | +€901,082 | +2983.7% |
| Profit (loss) for the period | 9904 | €30,200 | €931,283 | +€901,082 | +2983.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,200 | €931,283 | +€901,082 | +2983.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.