Syvalo: 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.
Syvalo
Largest movements
- Receivables within one year +€78,111
up €78,111 (+390.4%), from €20,009 to €98,120
of which Trade receivables: +€50,624
- Stocks and contracts -€25,000
no longer reported in 2024 (was €25,000)
- Deferred charges and accrued income +€7,268
new in 2024: €7,268
- Cash +€4,327
up €4,327 (+164.5%), from €2,631 to €6,958
mainly Accrued charges and deferred income (+€43,606) and Trade debts (+€37,344)
- Intangible fixed assets +€2,941
new in 2024: €2,941
- Accrued charges and deferred income +€43,606
up €43,606 (+2441.9%), from €1,786 to €45,392
- Trade debts +€37,344
up €37,344 (+120.0%), from €31,119 to €68,462
- Profit (loss) carried forward -€29,442
down €29,442 (-61.6%), from -€47,823 to -€77,265
- Tax, wage and social debts +€17,760
up €17,760 (+349.1%), from €5,087 to €22,847
of which Taxes: +€22,847
- Gross operating margin -€38,281
down €38,281 (-44.9%), from €85,336 to €47,055
- Staff costs -€31,364
down €31,364 (-30.1%), from €104,295 to €72,932
- Other operating charges -€3,048
down €3,048 (-89.3%), from €3,413 to €365
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €61,729 | €131,217 | +€69,488 | +112.6% |
| Fixed assets | 21/28 | €14,090 | €18,872 | +€4,782 | +33.9% |
| Intangible fixed assets | 21 | - | €2,941 | +€2,941 | |
| Tangible fixed assets | 22/27 | €12,590 | €14,431 | +€1,841 | +14.6% |
| Plant, machinery and equipment | 23 | €10,014 | €12,990 | +€2,976 | +29.7% |
| Furniture and vehicles | 24 | €2,576 | €1,441 | -€1,135 | -44.0% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €47,640 | €112,345 | +€64,706 | +135.8% |
| Stocks and contracts in progress | 3 | €25,000 | - | -€25,000 | |
| Stocks | 30/36 | €25,000 | - | -€25,000 | |
| Amounts receivable within one year | 40/41 | €20,009 | €98,120 | +€78,111 | +390.4% |
| Trade receivables | 40 | €20,009 | €70,632 | +€50,624 | +253.0% |
| Other amounts receivable | 41 | - | €27,487 | +€27,487 | |
| Cash at bank and in hand | 54/58 | €2,631 | €6,958 | +€4,327 | +164.5% |
| Deferred charges and accrued income | 490/1 | - | €7,268 | +€7,268 | |
| Total equity and liabilities | 10/49 | €61,729 | €131,217 | +€69,488 | +112.6% |
| Equity | 10/15 | -€34,500 | -€63,942 | -€29,442 | -85.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €7,123 | €7,123 | = | 0.0% |
| Distributable reserves | 133 | €7,123 | €7,123 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,823 | -€77,265 | -€29,442 | -61.6% |
| Amounts payable | 17/49 | €96,229 | €195,159 | +€98,930 | +102.8% |
| Amounts payable within one year | 42/48 | €94,444 | €149,767 | +€55,324 | +58.6% |
| Trade debts | 44 | €31,119 | €68,462 | +€37,344 | +120.0% |
| Suppliers | 440/4 | €31,119 | €68,462 | +€37,344 | +120.0% |
| Taxes, remuneration and social security | 45 | €5,087 | €22,847 | +€17,760 | +349.1% |
| Taxes | 450/3 | - | €22,847 | +€22,847 | |
| Remuneration and social security | 454/9 | €5,087 | - | -€5,087 | |
| Other amounts payable | 47/48 | €58,238 | €58,458 | +€220 | +0.4% |
| Accrued charges and deferred income | 492/3 | €1,786 | €45,392 | +€43,606 | +2441.9% |
| Remuneration, social security and pensions | 62 | €104,295 | €72,932 | -€31,364 | -30.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,263 | €2,718 | +€455 | +20.1% |
| Other operating charges | 640/8 | €3,413 | €365 | -€3,048 | -89.3% |
| Gross operating margin | 9900 | €85,336 | €47,055 | -€38,281 | -44.9% |
| Operating profit (loss) | 9901 | -€24,636 | -€28,960 | -€4,324 | -17.6% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €222 | €482 | +€260 | +117.2% |
| Recurring financial charges | 65 | €222 | €482 | +€260 | +117.2% |
| Profit (loss) for the period before taxes | 9903 | -€24,853 | -€29,442 | -€4,590 | -18.5% |
| Profit (loss) for the period | 9904 | -€24,853 | -€29,442 | -€4,590 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,853 | -€29,442 | -€4,590 | -18.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.