SYTIM: 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.
SYTIM
Largest movements
- Financial fixed assets +€58,000
new in 2025: €58,000
- Cash -€8,326
down €8,326 (-70.0%), from €11,891 to €3,564
mainly Investment in fixed assets (net) (-€58,000) and Debts after one year (-€9,241)
- Tangible fixed assets -€5,972
down €5,972 (-3.6%), from €163,783 to €157,811
of which Land and buildings: -€5,728
- Other debts +€30,795
new in 2025: €30,795
- Profit (loss) carried forward +€18,390
up €18,390 (+139.0%), from €13,234 to €31,624
- Debts after one year -€9,241
down €9,241 (-5.9%), from €155,795 to €146,554
- Gross operating margin +€13,217
up €13,217 (+43.4%), from €30,431 to €43,648
- Other operating charges +€2,477
up €2,477 (+839.7%), from €295 to €2,772
- Taxes +€2,372
up €2,372 (+55.2%), from €4,300 to €6,672
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 | €198,467 | €241,228 | +€42,761 | +21.5% |
| Fixed assets | 21/28 | €163,783 | €215,811 | +€52,028 | +31.8% |
| Tangible fixed assets | 22/27 | €163,783 | €157,811 | -€5,972 | -3.6% |
| Land and buildings | 22 | €162,856 | €157,128 | -€5,728 | -3.5% |
| Plant, machinery and equipment | 23 | €926 | €683 | -€244 | -26.3% |
| Financial fixed assets | 28 | - | €58,000 | +€58,000 | |
| Current assets | 29/58 | €34,684 | €25,417 | -€9,267 | -26.7% |
| Amounts receivable within one year | 40/41 | €22,574 | €20,510 | -€2,064 | -9.1% |
| Trade receivables | 40 | €8,470 | €20,510 | +€12,040 | +142.1% |
| Other amounts receivable | 41 | €14,104 | - | -€14,104 | |
| Cash at bank and in hand | 54/58 | €11,891 | €3,564 | -€8,326 | -70.0% |
| Deferred charges and accrued income | 490/1 | €220 | €1,343 | +€1,124 | +511.8% |
| Total equity and liabilities | 10/49 | €198,467 | €241,228 | +€42,761 | +21.5% |
| Equity | 10/15 | €16,234 | €34,624 | +€18,390 | +113.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,234 | €31,624 | +€18,390 | +139.0% |
| Amounts payable | 17/49 | €182,233 | €206,604 | +€24,371 | +13.4% |
| Amounts payable after more than one year | 17 | €155,795 | €146,554 | -€9,241 | -5.9% |
| Financial debts | 170/4 | €155,795 | €146,554 | -€9,241 | -5.9% |
| Amounts payable within one year | 42/48 | €26,438 | €60,050 | +€33,612 | +127.1% |
| Current portion of amounts payable after more than one year | 42 | €8,797 | €9,241 | +€445 | +5.1% |
| Trade debts | 44 | - | €2,117 | +€2,117 | |
| Suppliers | 440/4 | - | €2,117 | +€2,117 | |
| Taxes, remuneration and social security | 45 | €17,641 | €17,897 | +€255 | +1.4% |
| Taxes | 450/3 | €15,341 | €17,897 | +€2,555 | +16.7% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | - | €30,795 | +€30,795 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,967 | €5,972 | +€6 | +0.1% |
| Other operating charges | 640/8 | €295 | €2,772 | +€2,477 | +839.7% |
| Gross operating margin | 9900 | €30,431 | €43,648 | +€13,217 | +43.4% |
| Operating profit (loss) | 9901 | €24,170 | €34,903 | +€10,734 | +44.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €10,067 | €9,841 | -€226 | -2.2% |
| Recurring financial charges | 65 | €10,067 | €9,841 | -€226 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €14,104 | €25,062 | +€10,959 | +77.7% |
| Income taxes | 67/77 | €4,300 | €6,672 | +€2,372 | +55.2% |
| Profit (loss) for the period | 9904 | €9,804 | €18,390 | +€8,586 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,804 | €18,390 | +€8,586 | +87.6% |
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 4 October 2026 via checked.be.