SYVAN: 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.
SYVAN
Largest movements
- Current investments -€30,000
down €30,000 (-15.0%), from €200,000 to €170,000
- Cash +€9,548
up €9,548 (+42.3%), from €22,577 to €32,125
mainly Current investments (+€30,000) and Depreciation (+€5,859)
- Tangible fixed assets -€5,859
down €5,859 (-1.7%), from €338,975 to €333,116
of which Land and buildings: -€5,655
- Other debts -€17,303
down €17,303 (-16.4%), from €105,430 to €88,126
- Gross operating margin -€6,061
down €6,061 (-37.9%), from €15,983 to €9,923
- Depreciation -€4,289
down €4,289 (-42.3%), from €10,148 to €5,859
- Financial charges -€1,006
down €1,006 (-11.9%), from €8,421 to €7,416
- Other operating charges -€868
down €868 (-10.1%), from €8,605 to €7,737
- Financial income -€372
down €372 (-10.5%), from €3,539 to €3,166
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 | €564,372 | €538,006 | -€26,365 | -4.7% |
| Fixed assets | 21/28 | €338,975 | €333,116 | -€5,859 | -1.7% |
| Tangible fixed assets | 22/27 | €338,975 | €333,116 | -€5,859 | -1.7% |
| Land and buildings | 22 | €338,772 | €333,116 | -€5,655 | -1.7% |
| Plant, machinery and equipment | 23 | €203 | €0 | -€203 | -100.0% |
| Current assets | 29/58 | €225,397 | €204,890 | -€20,507 | -9.1% |
| Amounts receivable within one year | 40/41 | €1,062 | €950 | -€112 | -10.5% |
| Other amounts receivable | 41 | €1,062 | €950 | -€112 | -10.5% |
| Current investments | 50/53 | €200,000 | €170,000 | -€30,000 | -15.0% |
| Cash at bank and in hand | 54/58 | €22,577 | €32,125 | +€9,548 | +42.3% |
| Deferred charges and accrued income | 490/1 | €1,758 | €1,815 | +€57 | +3.3% |
| Total equity and liabilities | 10/49 | €564,372 | €538,006 | -€26,365 | -4.7% |
| Equity | 10/15 | €437,315 | €429,982 | -€7,333 | -1.7% |
| Contributions | 10/11 | €391,176 | €391,176 | = | 0.0% |
| Capital | 10 | €391,176 | €391,176 | = | 0.0% |
| Issued capital | 100 | €391,176 | €391,176 | = | 0.0% |
| Reserves | 13 | €28,498 | €26,729 | -€1,768 | -6.2% |
| Non-distributable reserves | 130/1 | €1,207 | €1,207 | = | 0.0% |
| Legal reserve | 130 | €1,207 | €1,207 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,290 | €25,522 | -€1,768 | -6.5% |
| Profit (loss) carried forward | 14 | €17,641 | €12,077 | -€5,564 | -31.5% |
| Provisions and deferred taxes | 16 | €9,097 | €8,507 | -€589 | -6.5% |
| Deferred taxes | 168 | €9,097 | €8,507 | -€589 | -6.5% |
| Amounts payable | 17/49 | €117,960 | €99,517 | -€18,443 | -15.6% |
| Amounts payable within one year | 42/48 | €105,556 | €88,126 | -€17,429 | -16.5% |
| Trade debts | 44 | €126 | €0 | -€126 | -100.0% |
| Suppliers | 440/4 | €126 | €0 | -€126 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €105,430 | €88,126 | -€17,303 | -16.4% |
| Accrued charges and deferred income | 492/3 | €12,405 | €11,391 | -€1,014 | -8.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,148 | €5,859 | -€4,289 | -42.3% |
| Other operating charges | 640/8 | €8,605 | €7,737 | -€868 | -10.1% |
| Gross operating margin | 9900 | €15,983 | €9,923 | -€6,061 | -37.9% |
| Operating profit (loss) | 9901 | -€2,769 | -€3,673 | -€904 | -32.6% |
| Financial income | 75/76B | €3,539 | €3,166 | -€372 | -10.5% |
| Recurring financial income | 75 | €3,539 | €3,166 | -€372 | -10.5% |
| Financial charges | 65/66B | €8,421 | €7,416 | -€1,006 | -11.9% |
| Recurring financial charges | 65 | €8,421 | €7,416 | -€1,006 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,651 | -€7,922 | -€271 | -3.5% |
| Transfer from deferred taxes | 780 | €589 | €589 | = | 0.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,062 | -€7,333 | -€271 | -3.8% |
| Transfer from tax-exempt reserves | 789 | €1,768 | €1,768 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,294 | -€5,564 | -€271 | -5.1% |
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 28 September 2026 via checked.be.