SYTHO SERVICES: 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.
SYTHO SERVICES
Largest movements
- Tangible fixed assets +€90,033
up €90,033 (+3,631%), from €2,480 to €92,513
of which Furniture and vehicles: +€91,140
- Stocks and contracts +€43,635
up €43,635 (+735%), from €5,936 to €49,571
- Cash -€29,316
down €29,316 (-44.3%), from €66,208 to €36,892
mainly Investment in fixed assets (net) (-€106,319) and Stocks and contracts (-€43,635)
- Receivables within one year +€6,234
up €6,234 (+41.7%), from €14,950 to €21,184
of which Other amounts receivable: +€9,311
- Debts after one year +€49,670
new in 2025: €49,670
- Other debts +€45,135
up €45,135 (+577%), from €7,822 to €52,957
- Reserves +€14,000
up €14,000 (+33.3%), from €42,000 to €56,000
- Current portion of long-term debt +€13,866
new in 2025: €13,866
- Tax, wage and social debts -€8,688
down €8,688 (-76.8%), from €11,306 to €2,618
of which Taxes: -€10,338
- Depreciation +€14,797
up €14,797 (+994%), from €1,488 to €16,285
- Gross operating margin +€5,826
up €5,826 (+16.4%), from €35,486 to €41,312
- Taxes -€4,390
down €4,390 (-37.9%), from €11,573 to €7,182
- Financial charges +€1,528
up €1,528 (+394%), from €387 to €1,915
- Other operating charges +€585
up €585 (+126%), from €463 to €1,048
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 | €90,388 | €200,160 | +€109,772 | +121% |
| Fixed assets | 21/28 | €2,480 | €92,513 | +€90,033 | +3,631% |
| Tangible fixed assets | 22/27 | €2,480 | €92,513 | +€90,033 | +3,631% |
| Plant, machinery and equipment | 23 | €1,807 | €700 | -€1,107 | -61.2% |
| Furniture and vehicles | 24 | €673 | €91,813 | +€91,140 | +13,551% |
| Current assets | 29/58 | €87,908 | €107,647 | +€19,739 | +22.5% |
| Stocks and contracts in progress | 3 | €5,936 | €49,571 | +€43,635 | +735% |
| Stocks | 30/36 | €5,936 | €49,571 | +€43,635 | +735% |
| Amounts receivable within one year | 40/41 | €14,950 | €21,184 | +€6,234 | +41.7% |
| Trade receivables | 40 | €14,950 | €11,873 | -€3,077 | -20.6% |
| Other amounts receivable | 41 | - | €9,311 | +€9,311 | |
| Cash at bank and in hand | 54/58 | €66,208 | €36,892 | -€29,316 | -44.3% |
| Deferred charges and accrued income | 490/1 | €814 | - | -€814 | |
| Total equity and liabilities | 10/49 | €90,388 | €200,160 | +€109,772 | +121% |
| Equity | 10/15 | €65,439 | €80,320 | +€14,881 | +22.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,000 | €56,000 | +€14,000 | +33.3% |
| Distributable reserves | 133 | €42,000 | €56,000 | +€14,000 | +33.3% |
| Profit (loss) carried forward | 14 | €20,439 | €21,320 | +€881 | +4.3% |
| Amounts payable | 17/49 | €24,949 | €119,840 | +€94,891 | +380% |
| Amounts payable after more than one year | 17 | - | €49,670 | +€49,670 | |
| Financial debts | 170/4 | - | €49,670 | +€49,670 | |
| Amounts payable within one year | 42/48 | €21,562 | €69,720 | +€48,157 | +223% |
| Current portion of amounts payable after more than one year | 42 | - | €13,866 | +€13,866 | |
| Trade debts | 44 | €2,434 | €278 | -€2,156 | -88.6% |
| Suppliers | 440/4 | €2,434 | €278 | -€2,156 | -88.6% |
| Taxes, remuneration and social security | 45 | €11,306 | €2,618 | -€8,688 | -76.8% |
| Taxes | 450/3 | €11,306 | €968 | -€10,338 | -91.4% |
| Remuneration and social security | 454/9 | - | €1,650 | +€1,650 | |
| Other amounts payable | 47/48 | €7,822 | €52,957 | +€45,135 | +577% |
| Accrued charges and deferred income | 492/3 | €3,387 | €450 | -€2,937 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,488 | €16,285 | +€14,797 | +994% |
| Other operating charges | 640/8 | €463 | €1,048 | +€585 | +126% |
| Gross operating margin | 9900 | €35,486 | €41,312 | +€5,826 | +16.4% |
| Operating profit (loss) | 9901 | €33,534 | €23,978 | -€9,556 | -28.5% |
| Financial income | 75/76B | €3 | €0 | -€3 | -97.0% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -97.0% |
| Financial charges | 65/66B | €387 | €1,915 | +€1,528 | +394% |
| Recurring financial charges | 65 | €387 | €1,915 | +€1,528 | +394% |
| Profit (loss) for the period before taxes | 9903 | €33,150 | €22,064 | -€11,086 | -33.4% |
| Income taxes | 67/77 | €11,573 | €7,182 | -€4,390 | -37.9% |
| Profit (loss) for the period | 9904 | €21,577 | €14,881 | -€6,696 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,577 | €14,881 | -€6,696 | -31.0% |
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 29 October 2026 via checked.be.