SYLVA: 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.
What changed
SYLVA
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · -€843,629+€1.9m
Equity
€3.7m
2024 · €2.6m+€1.1m
Cash
€171,270
2024 · €9,535+€161,734
Balance sheet total
€39.8m
2024 · €38.4m+€1.4m
Largest movements
Assets
- Tangible fixed assets +€1.1m
up €1.1m (+2.9%), from €37.1m to €38.2m
of which Land and buildings: +€2.2m
Equity and liabilities
- Profit (loss) carried forward +€1.1m
up €1.1m (+97.7%), from €1.1m to €2.2m
- Debts within one year +€1.0m
up €1.0m (+9.4%), from €10.7m to €11.7m
- Debts after one year -€642,421
down €642,421 (-2.6%), from €25.1m to €24.4m
of which Financial debts: -€642,421
Income statement
- Gross operating margin +€2.2m
up €2.2m (+97.5%), from €2.3m to €4.5m
- Depreciation +€203,841
up €203,841 (+8.6%), from €2.4m to €2.6m
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.
Result 2024
-€843,629
Gross operating margin
+€2.2m
Staff costs
-€11,020
Depreciation
-€203,841
Other operating charges
+€28,024
Other operating items
-€101,928
Financial income
+€12
Financial charges
+€9,177
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€4.5m
Investment
-€3.7m
Financing
-€642,421
Cash 2024
€9,535
From operations (derived)
+€4.5m
Net result for the year
+€1.1m
Depreciation
+€2.6m
Receivables within one year
-€73,974
Deferred charges and accrued income
-€60,630
Debts within one year
+€1.0m
Accrued charges and deferred income
+€27
Investment (derived)
-€3.7m
Investment in fixed assets (net)
-€3.7m
Financing
-€642,421
Debts after one year
-€642,421
Cash 2025
€171,270
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,386,414 | €39,833,089 | +€1.4m | +3.8% |
| Fixed assets | 21/28 | €37,339,622 | €38,489,958 | +€1.2m | +3.1% |
| Tangible fixed assets | 22/27 | €37,141,348 | €38,234,937 | +€1.1m | +2.9% |
| Land and buildings | 22 | €31,761,446 | €33,981,624 | +€2.2m | +7.0% |
| Plant, machinery and equipment | 23 | €186,355 | €290,550 | +€104,195 | +55.9% |
| Furniture and vehicles | 24 | €3,584,455 | €3,650,009 | +€65,555 | +1.8% |
| Assets under construction and advance payments | 27 | €1,609,092 | €312,754 | -€1.3m | -80.6% |
| Financial fixed assets | 28 | €198,275 | €255,021 | +€56,746 | +28.6% |
| Current assets | 29/58 | €1,046,792 | €1,343,131 | +€296,339 | +28.3% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €930,638 | €1,004,612 | +€73,974 | +7.9% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €930,638 | €989,612 | +€58,974 | +6.3% |
| Current investments | 50/53 | €54,000 | €54,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,535 | €171,270 | +€161,734 | +1,696% |
| Deferred charges and accrued income | 490/1 | €50,119 | €110,749 | +€60,630 | +121% |
| Total equity and liabilities | 10/49 | €38,386,414 | €39,833,089 | +€1.4m | +3.8% |
| Equity | 10/15 | €2,592,995 | €3,673,405 | +€1.1m | +41.7% |
| Contributions | 10/11 | €1,487,542 | €1,487,542 | = | 0.0% |
| Capital | 10 | €1,487,542 | €1,487,542 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,105,454 | €2,185,863 | +€1.1m | +97.7% |
| Amounts payable | 17/49 | €35,793,419 | €36,159,684 | +€366,265 | +1.0% |
| Amounts payable after more than one year | 17 | €25,091,909 | €24,449,488 | -€642,421 | -2.6% |
| Financial debts | 170/4 | €2,456,537 | €1,814,116 | -€642,421 | -26.2% |
| Other amounts payable | 178/9 | €22,635,372 | €22,635,372 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,700,627 | €11,709,287 | +€1.0m | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €642,421 | €642,421 | = | 0.0% |
| Trade debts | 44 | €42,696 | €87,842 | +€45,146 | +106% |
| Suppliers | 440/4 | €42,696 | €87,842 | +€45,146 | +106% |
| Taxes, remuneration and social security | 45 | €8,378 | €21,422 | +€13,044 | +156% |
| Taxes | 450/3 | €1,403 | €9,624 | +€8,220 | +586% |
| Remuneration and social security | 454/9 | €6,975 | €11,798 | +€4,824 | +69.2% |
| Accrued charges and deferred income | 492/3 | €882 | €909 | +€27 | +3.0% |
| Non-recurring operating income | 76A | €15,637 | €2,003,802 | +€2.0m | +12,715% |
| Remuneration, social security and pensions | 62 | €79,538 | €90,558 | +€11,020 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,362,017 | €2,565,858 | +€203,841 | +8.6% |
| Other operating charges | 640/8 | €611,616 | €583,593 | -€28,024 | -4.6% |
| Non-recurring operating charges | 66A | €290 | €102,218 | +€101,928 | +35,174% |
| Gross operating margin | 9900 | €2,259,061 | €4,462,675 | +€2.2m | +97.5% |
| Operating profit (loss) | 9901 | -€794,400 | €1,120,449 | +€1.9m | |
| Financial income | 75/76B | €5 | €18 | +€12 | +236% |
| Recurring financial income | 75 | €5 | €18 | +€12 | +236% |
| Financial charges | 65/66B | €49,235 | €40,058 | -€9,177 | -18.6% |
| Recurring financial charges | 65 | €49,235 | €40,058 | -€9,177 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | -€843,629 | €1,080,409 | +€1.9m | |
| Profit (loss) for the period | 9904 | -€843,629 | €1,080,409 | +€1.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€843,629 | €1,080,409 | +€1.9m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.