SYGOR: what changed
SYGOR
Largest movements
- Current investments +€250,000
new in 2025: €250,000
- Cash -€232,332
down €232,332 (-60.9%), from €381,647 to €149,315
mainly Current investments (-€250,000) and Contributions, distributions and other (-€2,000)
- Deferred charges and accrued income -€6,861
no longer reported in 2025 (was €6,861)
- Reserves +€13,309
up €13,309 (+4.7%), from €283,050 to €296,360
- Gross operating margin -€26,144
down €26,144 (-56.4%), from €46,372 to €20,228
- Taxes -€6,926
down €6,926 (-52.7%), from €13,137 to €6,211
- Financial income +€4,592
up €4,592 (+167%), from €2,742 to €7,334
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €414,776 | €426,388 | +€11,611 | +2.8% |
| Fixed assets | 21/28 | €23,584 | €23,584 | = | 0.0% |
| Tangible fixed assets | 22/27 | €23,584 | €23,584 | = | 0.0% |
| Land and buildings | 22 | €23,584 | €23,584 | = | 0.0% |
| Current assets | 29/58 | €391,193 | €402,804 | +€11,611 | +3.0% |
| Amounts receivable within one year | 40/41 | €2,685 | €3,489 | +€804 | +29.9% |
| Other amounts receivable | 41 | €2,685 | €3,489 | +€804 | +29.9% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €381,647 | €149,315 | -€232,332 | -60.9% |
| Deferred charges and accrued income | 490/1 | €6,861 | - | -€6,861 | |
| Total equity and liabilities | 10/49 | €414,776 | €426,388 | +€11,611 | +2.8% |
| Equity | 10/15 | €404,973 | €416,282 | +€11,309 | +2.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €283,050 | €296,360 | +€13,309 | +4.7% |
| Distributable reserves | 133 | €283,050 | €296,360 | +€13,309 | +4.7% |
| Profit (loss) carried forward | 14 | €59,922 | €57,922 | -€2,000 | -3.3% |
| Amounts payable | 17/49 | €9,804 | €10,105 | +€302 | +3.1% |
| Amounts payable within one year | 42/48 | €9,351 | €10,038 | +€688 | +7.4% |
| Trade debts | 44 | €7,351 | €8,038 | +€688 | +9.4% |
| Suppliers | 440/4 | €7,351 | €8,038 | +€688 | +9.4% |
| Taxes, remuneration and social security | 45 | €600 | €600 | = | 0.0% |
| Taxes | 450/3 | €600 | €600 | = | 0.0% |
| Other amounts payable | 47/48 | €1,400 | €1,400 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €453 | €67 | -€386 | -85.2% |
| Other operating charges | 640/8 | €7,764 | €7,995 | +€231 | +3.0% |
| Gross operating margin | 9900 | €46,372 | €20,228 | -€26,144 | -56.4% |
| Operating profit (loss) | 9901 | €38,608 | €12,233 | -€26,376 | -68.3% |
| Financial income | 75/76B | €2,742 | €7,334 | +€4,592 | +167% |
| Recurring financial income | 75 | €2,742 | €7,334 | +€4,592 | +167% |
| Financial charges | 65/66B | €62 | €46 | -€16 | -25.2% |
| Recurring financial charges | 65 | €62 | €46 | -€16 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €41,289 | €19,520 | -€21,768 | -52.7% |
| Income taxes | 67/77 | €13,137 | €6,211 | -€6,926 | -52.7% |
| Profit (loss) for the period | 9904 | €28,151 | €13,309 | -€14,842 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €28,151 | €13,309 | -€14,842 | -52.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.