SYDO: what changed
What changed
SYDO
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€67,887
2024 · €371,083-€303,196
Equity
€95,903
2024 · €528,015-€432,113
Cash
€545,731
2024 · €90,621+€455,110
Balance sheet total
€15.6m
2024 · €2.0m+€13.6m
Largest movements
Assets
- Financial fixed assets +€14.7m
up €14.7m (+5,024%), from €293,153 to €15.0m
- Current investments -€1.6m
down €1.6m (-100%), from €1.6m to €0
- Cash +€455,110
up €455,110 (+502%), from €90,621 to €545,731
mainly Debts after one year (+€13.6m) and Current investments (+€1.6m)
Equity and liabilities
- Debts after one year +€13.6m
new in 2025: €13.6m
- Current portion of long-term debt +€1.1m
new in 2025: €1.1m
- Other debts -€1.0m
down €1.0m (-66.7%), from €1.5m to €500,000
- Reserves -€430,000
down €430,000 (-86.9%), from €495,000 to €65,000
- Accrued charges and deferred income +€251,630
up €251,630 (+52,016%), from €484 to €252,114
Income statement
- Turnover +€380,000
new in 2025: €380,000
- Services and other goods +€377,678
new in 2025: €377,678
- Financial charges +€308,628
up €308,628 (+4,138%), from €7,459 to €316,087
- Financial income +€21,118
up €21,118 (+5.5%), from €384,183 to €405,300
- Gross operating margin +€4,291
no longer reported in 2025 (was -€4,291)
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.
Result 2024
€371,083
Turnover
+€380,000
Services and other goods
-€377,678
Other operating charges
-€184
Other operating items
-€18,209
Financial income
+€21,118
Financial charges
-€308,628
Taxes
+€385
Result 2025
€67,887
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€669,890
Investment
-€13.1m
Financing
+€14.2m
Cash 2024
€90,621
From operations (derived)
-€669,890
Net result for the year
+€67,887
Receivables within one year
-€51,306
Smaller working-capital items
+€9,756
Trade debts
+€52,142
Other debts
-€1.0m
Accrued charges and deferred income
+€251,630
Investment (derived)
-€13.1m
Investment in fixed assets (net)
-€14.7m
Current investments
+€1.6m
Financing
+€14.2m
Debts after one year
+€13.6m
Current portion of long-term debt
+€1.1m
Contributions, distributions and other
-€500,000
Cash 2025
€545,731
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,028,499 | €15,628,729 | +€13.6m | +670% |
| Fixed assets | 21/28 | €293,153 | €15,020,684 | +€14.7m | +5,024% |
| Financial fixed assets | 28 | €293,153 | €15,020,684 | +€14.7m | +5,024% |
| Affiliated companies | 280/1 | - | €15,020,684 | +€15.0m | |
| Participating interests | 280 | - | €15,020,684 | +€15.0m | |
| Current assets | 29/58 | €1,735,346 | €608,045 | -€1.1m | -65.0% |
| Amounts receivable within one year | 40/41 | €8,052 | €59,358 | +€51,306 | +637% |
| Trade receivables | 40 | - | €57,475 | +€57,475 | |
| Other amounts receivable | 41 | €8,052 | €1,883 | -€6,169 | -76.6% |
| Current investments | 50/53 | €1,625,000 | €0 | -€1.6m | -100% |
| Cash at bank and in hand | 54/58 | €90,621 | €545,731 | +€455,110 | +502% |
| Deferred charges and accrued income | 490/1 | €11,673 | €2,956 | -€8,717 | -74.7% |
| Total equity and liabilities | 10/49 | €2,028,499 | €15,628,729 | +€13.6m | +670% |
| Equity | 10/15 | €528,015 | €95,903 | -€432,113 | -81.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €495,000 | €65,000 | -€430,000 | -86.9% |
| Distributable reserves | 133 | €495,000 | €65,000 | -€430,000 | -86.9% |
| Profit (loss) carried forward | 14 | €3,015 | €903 | -€2,113 | -70.1% |
| Amounts payable | 17/49 | €1,500,484 | €15,532,827 | +€14.0m | +935% |
| Amounts payable after more than one year | 17 | - | €13,586,738 | +€13.6m | |
| Financial debts | 170/4 | - | €13,586,738 | +€13.6m | |
| Subordinated loans | 170 | - | €3,542,531 | +€3.5m | |
| Credit institutions | 173 | - | €10,044,207 | +€10.0m | |
| Amounts payable within one year | 42/48 | €1,500,000 | €1,693,974 | +€193,974 | +12.9% |
| Current portion of amounts payable after more than one year | 42 | - | €1,140,793 | +€1.1m | |
| Financial debts | 43 | - | €0 | = | |
| Trade debts | 44 | €0 | €52,142 | +€52,142 | |
| Suppliers | 440/4 | - | €52,142 | +€52,142 | |
| Taxes, remuneration and social security | 45 | - | €1,040 | +€1,040 | |
| Taxes | 450/3 | - | €1,040 | +€1,040 | |
| Other amounts payable | 47/48 | €1,500,000 | €500,000 | -€1.0m | -66.7% |
| Accrued charges and deferred income | 492/3 | €484 | €252,114 | +€251,630 | +52,016% |
| Operating income | 70/76A | - | €380,000 | +€380,000 | |
| Turnover | 70 | - | €380,000 | +€380,000 | |
| Operating charges | 60/66A | - | €401,326 | +€401,326 | |
| Services and other goods | 61 | - | €377,678 | +€377,678 | |
| Other operating charges | 640/8 | €964 | €1,148 | +€184 | +19.1% |
| Non-recurring operating charges | 66A | - | €22,500 | +€22,500 | |
| Gross operating margin | 9900 | -€4,291 | - | +€4,291 | |
| Operating profit (loss) | 9901 | -€5,255 | -€21,326 | -€16,071 | -306% |
| Financial income | 75/76B | €384,183 | €405,300 | +€21,118 | +5.5% |
| Recurring financial income | 75 | €384,183 | €405,300 | +€21,118 | +5.5% |
| Income from financial fixed assets | 750 | - | €401,000 | +€401,000 | |
| Income from current assets | 751 | - | €4,300 | +€4,300 | |
| Financial charges | 65/66B | €7,459 | €316,087 | +€308,628 | +4,138% |
| Recurring financial charges | 65 | €7,459 | €316,087 | +€308,628 | +4,138% |
| Debt charges | 650 | - | €314,886 | +€314,886 | |
| Other financial charges | 652/9 | - | €1,202 | +€1,202 | |
| Profit (loss) for the period before taxes | 9903 | €371,468 | €67,887 | -€303,581 | -81.7% |
| Income taxes | 67/77 | €385 | €0 | -€385 | -100% |
| Profit (loss) for the period | 9904 | €371,083 | €67,887 | -€303,196 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €371,083 | €67,887 | -€303,196 | -81.7% |
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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 5 November 2026 via checked.be.