SYTELEK: 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.
SYTELEK
Largest movements
- Cash -€38,852
down €38,852 (-40.6%), from €95,785 to €56,933
mainly Other debts (-€35,000) and Contributions, distributions and other (-€30,000)
- Receivables within one year +€12,646
up €12,646 (+166.6%), from €7,590 to €20,237
of which Trade receivables: +€12,646
- Tangible fixed assets -€3,006
down €3,006 (-72.1%), from €4,170 to €1,164
- Deferred charges and accrued income -€1,808
down €1,808 (-100.0%), from €1,808 to €0
- Other debts -€35,000
down €35,000 (-53.8%), from €65,000 to €30,000
- Trade debts +€5,249
up €5,249 (+36.6%), from €14,350 to €19,599
- Profit (loss) carried forward -€2,905
down €2,905 (-15.3%), from €18,973 to €16,068
- Tax, wage and social debts +€1,636
up €1,636 (+17.8%), from €9,171 to €10,806
of which Taxes: +€1,636
- Gross operating margin +€15,751
up €15,751 (+63.7%), from €24,719 to €40,469
- Taxes +€3,191
up €3,191 (+62.2%), from €5,128 to €8,320
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 | €109,354 | €78,333 | -€31,020 | -28.4% |
| Fixed assets | 21/28 | €4,170 | €1,164 | -€3,006 | -72.1% |
| Tangible fixed assets | 22/27 | €4,170 | €1,164 | -€3,006 | -72.1% |
| Furniture and vehicles | 24 | €4,170 | €1,164 | -€3,006 | -72.1% |
| Current assets | 29/58 | €105,183 | €77,169 | -€28,014 | -26.6% |
| Amounts receivable within one year | 40/41 | €7,590 | €20,237 | +€12,646 | +166.6% |
| Trade receivables | 40 | €7,590 | €20,237 | +€12,646 | +166.6% |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €95,785 | €56,933 | -€38,852 | -40.6% |
| Deferred charges and accrued income | 490/1 | €1,808 | €0 | -€1,808 | -100.0% |
| Total equity and liabilities | 10/49 | €109,354 | €78,333 | -€31,020 | -28.4% |
| Equity | 10/15 | €20,833 | €17,928 | -€2,905 | -13.9% |
| Contributions | 10/11 | €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 | €18,973 | €16,068 | -€2,905 | -15.3% |
| Amounts payable | 17/49 | €88,521 | €60,405 | -€28,116 | -31.8% |
| Amounts payable within one year | 42/48 | €88,521 | €60,405 | -€28,116 | -31.8% |
| Trade debts | 44 | €14,350 | €19,599 | +€5,249 | +36.6% |
| Suppliers | 440/4 | €14,350 | €19,599 | +€5,249 | +36.6% |
| Taxes, remuneration and social security | 45 | €9,171 | €10,806 | +€1,636 | +17.8% |
| Taxes | 450/3 | €9,171 | €10,806 | +€1,636 | +17.8% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €65,000 | €30,000 | -€35,000 | -53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,020 | €3,006 | -€14 | -0.4% |
| Other operating charges | 640/8 | €1,016 | €1,049 | +€34 | +3.3% |
| Non-recurring operating charges | 66A | €195 | €925 | +€730 | +374.2% |
| Gross operating margin | 9900 | €24,719 | €40,469 | +€15,751 | +63.7% |
| Operating profit (loss) | 9901 | €20,488 | €35,488 | +€15,001 | +73.2% |
| Financial charges | 65/66B | €77 | €73 | -€4 | -4.6% |
| Recurring financial charges | 65 | €77 | €73 | -€4 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €20,411 | €35,415 | +€15,004 | +73.5% |
| Income taxes | 67/77 | €5,128 | €8,320 | +€3,191 | +62.2% |
| Profit (loss) for the period | 9904 | €15,283 | €27,095 | +€11,813 | +77.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,283 | €27,095 | +€11,813 | +77.3% |
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 8 October 2026 via checked.be.