Van Bael Syga: 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.
Van Bael Syga
Largest movements
- Tangible fixed assets -€25,078
down €25,078 (-23.9%), from €104,905 to €79,827
of which Land and buildings: -€19,263
- Receivables within one year -€7,975
down €7,975 (-35.2%), from €22,642 to €14,666
of which Other amounts receivable: -€5,893
- Stocks and contracts +€7,728
up €7,728 (+16.6%), from €46,502 to €54,229
- Cash +€2,495
up €2,495 (+18.4%), from €13,591 to €16,086
mainly Depreciation (+€26,069) and Receivables within one year (+€7,975)
- Debts after one year -€24,795
down €24,795 (-20.2%), from €122,633 to €97,838
- Gross operating margin -€6,043
down €6,043 (-14.1%), from €42,822 to €36,779
- Financial charges -€5,479
down €5,479 (-47.0%), from €11,662 to €6,183
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 | €189,364 | €166,617 | -€22,747 | -12.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €105,040 | €79,962 | -€25,078 | -23.9% |
| Tangible fixed assets | 22/27 | €104,905 | €79,827 | -€25,078 | -23.9% |
| Land and buildings | 22 | €91,185 | €71,922 | -€19,263 | -21.1% |
| Plant, machinery and equipment | 23 | €2,727 | €2,892 | +€166 | +6.1% |
| Furniture and vehicles | 24 | - | €0 | = | |
| Leasing and similar rights | 25 | €10,993 | €5,013 | -€5,980 | -54.4% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €84,324 | €86,654 | +€2,331 | +2.8% |
| Stocks and contracts in progress | 3 | €46,502 | €54,229 | +€7,728 | +16.6% |
| Stocks | 30/36 | €46,502 | €54,229 | +€7,728 | +16.6% |
| Amounts receivable within one year | 40/41 | €22,642 | €14,666 | -€7,975 | -35.2% |
| Trade receivables | 40 | €15,592 | €13,510 | -€2,082 | -13.4% |
| Other amounts receivable | 41 | €7,050 | €1,157 | -€5,893 | -83.6% |
| Cash at bank and in hand | 54/58 | €13,591 | €16,086 | +€2,495 | +18.4% |
| Deferred charges and accrued income | 490/1 | €1,590 | €1,673 | +€83 | +5.2% |
| Total equity and liabilities | 10/49 | €189,364 | €166,617 | -€22,747 | -12.0% |
| Equity | 10/15 | €19,677 | €20,986 | +€1,308 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,077 | €2,386 | +€1,308 | +121% |
| Distributable reserves | 133 | €1,077 | €2,386 | +€1,308 | +121% |
| Amounts payable | 17/49 | €169,686 | €145,631 | -€24,055 | -14.2% |
| Amounts payable after more than one year | 17 | €122,633 | €97,838 | -€24,795 | -20.2% |
| Financial debts | 170/4 | €122,633 | €97,838 | -€24,795 | -20.2% |
| Amounts payable within one year | 42/48 | €47,053 | €47,792 | +€740 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €24,323 | €24,324 | +€1 | 0.0% |
| Trade debts | 44 | €20,545 | €21,750 | +€1,205 | +5.9% |
| Suppliers | 440/4 | €20,545 | €21,750 | +€1,205 | +5.9% |
| Taxes, remuneration and social security | 45 | €2,184 | €1,719 | -€466 | -21.3% |
| Taxes | 450/3 | €1,155 | €691 | -€465 | -40.2% |
| Remuneration and social security | 454/9 | €1,029 | €1,028 | -€1 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,109 | €26,069 | -€40 | -0.2% |
| Other operating charges | 640/8 | €2,848 | €2,907 | +€59 | +2.1% |
| Gross operating margin | 9900 | €42,822 | €36,779 | -€6,043 | -14.1% |
| Operating profit (loss) | 9901 | €13,864 | €7,803 | -€6,061 | -43.7% |
| Financial income | 75/76B | €86 | €370 | +€284 | +329% |
| Recurring financial income | 75 | €86 | €370 | +€284 | +329% |
| Financial charges | 65/66B | €11,662 | €6,183 | -€5,479 | -47.0% |
| Recurring financial charges | 65 | €11,662 | €6,183 | -€5,479 | -47.0% |
| Profit (loss) for the period before taxes | 9903 | €2,289 | €1,991 | -€298 | -13.0% |
| Income taxes | 67/77 | €576 | €682 | +€106 | +18.4% |
| Profit (loss) for the period | 9904 | €1,713 | €1,308 | -€404 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,713 | €1,308 | -€404 | -23.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.