SYRUS: 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.
SYRUS
Largest movements
- Cash +€24,721
up €24,721 (+23.7%), from €104,146 to €128,867
mainly Net result for the year (+€18,715) and Depreciation (+€8,623)
- Tangible fixed assets -€7,566
down €7,566 (-32.6%), from €23,228 to €15,662
of which Land and buildings: -€6,722
- Receivables within one year -€7,041
down €7,041 (-45.6%), from €15,441 to €8,400
of which Trade receivables: -€4,829
- Tax, wage and social debts +€5,747
up €5,747 (+65.8%), from €8,728 to €14,475
- Reserves +€3,250
up €3,250 (+1.8%), from €184,173 to €187,423
- Gross operating margin -€35,734
down €35,734 (-48.9%), from €73,039 to €37,305
- Taxes -€8,991
down €8,991 (-51.2%), from €17,566 to €8,575
- Financial charges -€815
down €815 (-86.5%), from €943 to €128
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 | €194,419 | €204,641 | +€10,222 | +5.3% |
| Fixed assets | 21/28 | €23,228 | €15,662 | -€7,566 | -32.6% |
| Tangible fixed assets | 22/27 | €23,228 | €15,662 | -€7,566 | -32.6% |
| Land and buildings | 22 | €13,444 | €6,722 | -€6,722 | -50.0% |
| Plant, machinery and equipment | 23 | €9,562 | €7,913 | -€1,649 | -17.2% |
| Furniture and vehicles | 24 | €222 | €1,027 | +€805 | +363% |
| Current assets | 29/58 | €171,192 | €188,979 | +€17,787 | +10.4% |
| Amounts receivable within one year | 40/41 | €15,441 | €8,400 | -€7,041 | -45.6% |
| Trade receivables | 40 | €13,229 | €8,400 | -€4,829 | -36.5% |
| Other amounts receivable | 41 | €2,212 | - | -€2,212 | |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €104,146 | €128,867 | +€24,721 | +23.7% |
| Deferred charges and accrued income | 490/1 | €1,605 | €1,712 | +€108 | +6.7% |
| Total equity and liabilities | 10/49 | €194,419 | €204,641 | +€10,222 | +5.3% |
| Equity | 10/15 | €184,173 | €187,423 | +€3,250 | +1.8% |
| Reserves | 13 | €184,173 | €187,423 | +€3,250 | +1.8% |
| Distributable reserves | 133 | €184,173 | €187,423 | +€3,250 | +1.8% |
| Amounts payable | 17/49 | €10,246 | €17,218 | +€6,972 | +68.0% |
| Amounts payable within one year | 42/48 | €10,246 | €17,218 | +€6,972 | +68.0% |
| Trade debts | 44 | €1,518 | €1,596 | +€78 | +5.1% |
| Suppliers | 440/4 | €1,518 | €1,596 | +€78 | +5.1% |
| Taxes, remuneration and social security | 45 | €8,728 | €14,475 | +€5,747 | +65.8% |
| Taxes | 450/3 | €8,728 | €14,475 | +€5,747 | +65.8% |
| Other amounts payable | 47/48 | - | €1,147 | +€1,147 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,353 | €8,623 | -€730 | -7.8% |
| Other operating charges | 640/8 | €1,567 | €1,264 | -€302 | -19.3% |
| Gross operating margin | 9900 | €73,039 | €37,305 | -€35,734 | -48.9% |
| Operating profit (loss) | 9901 | €62,119 | €27,417 | -€34,702 | -55.9% |
| Financial income | 75/76B | €509 | €0 | -€509 | -100.0% |
| Recurring financial income | 75 | €509 | €0 | -€509 | -100.0% |
| Financial charges | 65/66B | €943 | €128 | -€815 | -86.5% |
| Recurring financial charges | 65 | €943 | €128 | -€815 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €61,685 | €27,290 | -€34,395 | -55.8% |
| Income taxes | 67/77 | €17,566 | €8,575 | -€8,991 | -51.2% |
| Profit (loss) for the period | 9904 | €44,119 | €18,715 | -€25,404 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,119 | €18,715 | -€25,404 | -57.6% |
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 28 October 2026 via checked.be.