SYTACK: what changed
What changed
SYTACK
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
-€26,626
2024 · -€55,199+€28,573
Equity
€341,287
2024 · €369,579-€28,292
Cash
€16,604
2024 · €24,287-€7,682
Balance sheet total
€773,382
2024 · €849,696-€76,314
Largest movements
Assets
- Tangible fixed assets -€65,976
down €65,976 (-8.5%), from €777,587 to €711,611
Equity and liabilities
- Debts after one year -€49,179
down €49,179 (-13.3%), from €370,752 to €321,573
- Reserves -€28,292
down €28,292 (-7.9%), from €357,179 to €328,887
of which Tax-exempt reserves: -€20,483
Income statement
- Gross operating margin +€17,788
up €17,788 (+35.0%), from €50,835 to €68,623
- Depreciation -€9,315
down €9,315 (-10.5%), from €88,356 to €79,041
- Financial charges -€1,886
down €1,886 (-12.9%), from €14,616 to €12,730
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€55,199
Gross operating margin
+€17,788
Depreciation
+€9,315
Other operating charges
-€202
Financial income
-€194
Financial charges
+€1,886
Taxes
-€19
Result 2025
-€26,626
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€58,842
Investment
-€11,803
Financing
-€54,721
Cash 2024
€24,287
From operations (derived)
+€58,842
Net result for the year
-€26,626
Depreciation
+€79,041
Stocks and contracts
+€594
Receivables within one year
+€1,907
Deferred charges and accrued income
-€1,109
Provisions
-€5,121
Trade debts
+€5,318
Tax, wage and social debts
-€831
Other debts
+€5,666
Investment (derived)
-€11,803
Investment in fixed assets (net)
-€11,803
Financing
-€54,721
Debts after one year
-€49,179
Current portion of long-term debt
-€3,876
Contributions, distributions and other
-€1,666
Cash 2025
€16,604
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €849,696 | €773,382 | -€76,314 | -9.0% |
| Fixed assets | 21/28 | €779,338 | €712,100 | -€67,238 | -8.6% |
| Intangible fixed assets | 21 | €1,752 | €489 | -€1,262 | -72.1% |
| Tangible fixed assets | 22/27 | €777,587 | €711,611 | -€65,976 | -8.5% |
| Land and buildings | 22 | €678,575 | €646,571 | -€32,004 | -4.7% |
| Plant, machinery and equipment | 23 | €16,208 | €8,781 | -€7,427 | -45.8% |
| Furniture and vehicles | 24 | €23,405 | €16,683 | -€6,722 | -28.7% |
| Leasing and similar rights | 25 | €59,399 | €39,576 | -€19,823 | -33.4% |
| Current assets | 29/58 | €70,357 | €61,282 | -€9,075 | -12.9% |
| Stocks and contracts in progress | 3 | €985 | €391 | -€594 | -60.3% |
| Stocks | 30/36 | €985 | €391 | -€594 | -60.3% |
| Amounts receivable within one year | 40/41 | €40,997 | €39,090 | -€1,907 | -4.7% |
| Trade receivables | 40 | €40,785 | €38,877 | -€1,907 | -4.7% |
| Other amounts receivable | 41 | €213 | €213 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,287 | €16,604 | -€7,682 | -31.6% |
| Deferred charges and accrued income | 490/1 | €4,088 | €5,197 | +€1,109 | +27.1% |
| Total equity and liabilities | 10/49 | €849,696 | €773,382 | -€76,314 | -9.0% |
| Equity | 10/15 | €369,579 | €341,287 | -€28,292 | -7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €357,179 | €328,887 | -€28,292 | -7.9% |
| Tax-exempt reserves | 132 | €61,448 | €40,965 | -€20,483 | -33.3% |
| Distributable reserves | 133 | €295,731 | €287,922 | -€7,809 | -2.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €15,362 | €10,241 | -€5,121 | -33.3% |
| Deferred taxes | 168 | €15,362 | €10,241 | -€5,121 | -33.3% |
| Amounts payable | 17/49 | €464,755 | €421,853 | -€42,902 | -9.2% |
| Amounts payable after more than one year | 17 | €370,752 | €321,573 | -€49,179 | -13.3% |
| Financial debts | 170/4 | €370,752 | €321,573 | -€49,179 | -13.3% |
| Amounts payable within one year | 42/48 | €94,003 | €100,280 | +€6,278 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €53,055 | €49,179 | -€3,876 | -7.3% |
| Trade debts | 44 | €5,146 | €10,463 | +€5,318 | +103% |
| Suppliers | 440/4 | €5,146 | €10,463 | +€5,318 | +103% |
| Taxes, remuneration and social security | 45 | €12,248 | €11,417 | -€831 | -6.8% |
| Taxes | 450/3 | €9,748 | €8,917 | -€831 | -8.5% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €23,554 | €29,221 | +€5,666 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,356 | €79,041 | -€9,315 | -10.5% |
| Other operating charges | 640/8 | €8,011 | €8,213 | +€202 | +2.5% |
| Gross operating margin | 9900 | €50,835 | €68,623 | +€17,788 | +35.0% |
| Operating profit (loss) | 9901 | -€45,532 | -€18,632 | +€26,900 | +59.1% |
| Financial income | 75/76B | €194 | €0 | -€194 | -100% |
| Recurring financial income | 75 | €194 | €0 | -€194 | -100% |
| Financial charges | 65/66B | €14,616 | €12,730 | -€1,886 | -12.9% |
| Recurring financial charges | 65 | €14,616 | €12,730 | -€1,886 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€59,953 | -€31,362 | +€28,592 | +47.7% |
| Transfer from deferred taxes | 780 | €5,121 | €5,121 | = | 0.0% |
| Income taxes | 67/77 | €366 | €385 | +€19 | +5.1% |
| Profit (loss) for the period | 9904 | -€55,199 | -€26,626 | +€28,573 | +51.8% |
| Transfer from tax-exempt reserves | 789 | €20,483 | €20,483 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,716 | -€6,143 | +€28,573 | +82.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.