Ath-Syndic: 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.
Ath-Syndic
Largest movements
- Cash +€13,238
up €13,238 (+194%), from €6,824 to €20,062
mainly Net result for the year (+€7,018) and Other debts (+€4,743)
- Receivables within one year -€3,761
down €3,761 (-52.2%), from €7,200 to €3,440
of which Other amounts receivable: -€2,030
- Formation expenses -€799
no longer reported in 2025 (was €799)
- Intangible fixed assets +€586
new in 2025: €586
- Reserves +€7,018
new in 2025: €7,018
- Other debts +€4,743
up €4,743 (+88.5%), from €5,360 to €10,102
- Trade debts -€3,405
down €3,405 (-79.4%), from €4,287 to €882
- Tax, wage and social debts +€597
up €597 (+379%), from €158 to €755
- Short-term financial debts +€315
new in 2025: €315
- Gross operating margin +€23,557
up €23,557, from -€6,058 to €17,499
- Staff costs +€6,615
up €6,615 (+1,332%), from €497 to €7,112
- Taxes +€3,030
up €3,030, from €0 to €3,030
- Other operating charges -€500
no longer reported in 2025 (was €500)
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 | €15,016 | €24,284 | +€9,268 | +61.7% |
| Formation expenses | 20 | €799 | - | -€799 | |
| Fixed assets | 21/28 | - | €586 | +€586 | |
| Intangible fixed assets | 21 | - | €586 | +€586 | |
| Current assets | 29/58 | €14,216 | €23,698 | +€9,482 | +66.7% |
| Amounts receivable within one year | 40/41 | €7,200 | €3,440 | -€3,761 | -52.2% |
| Trade receivables | 40 | €2,200 | €470 | -€1,730 | -78.6% |
| Other amounts receivable | 41 | €5,000 | €2,970 | -€2,030 | -40.6% |
| Cash at bank and in hand | 54/58 | €6,824 | €20,062 | +€13,238 | +194% |
| Deferred charges and accrued income | 490/1 | €192 | €197 | +€5 | +2.5% |
| Total equity and liabilities | 10/49 | €15,016 | €24,284 | +€9,268 | +61.7% |
| Equity | 10/15 | €5,212 | €12,230 | +€7,018 | +135% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | - | €7,018 | +€7,018 | |
| Distributable reserves | 133 | - | €7,018 | +€7,018 | |
| Profit (loss) carried forward | 14 | €4,212 | €4,212 | = | 0.0% |
| Amounts payable | 17/49 | €9,804 | €12,054 | +€2,250 | +23.0% |
| Amounts payable within one year | 42/48 | €9,804 | €12,054 | +€2,250 | +23.0% |
| Financial debts | 43 | - | €315 | +€315 | |
| Credit institutions | 430/8 | - | €315 | +€315 | |
| Trade debts | 44 | €4,287 | €882 | -€3,405 | -79.4% |
| Suppliers | 440/4 | €4,287 | €882 | -€3,405 | -79.4% |
| Taxes, remuneration and social security | 45 | €158 | €755 | +€597 | +379% |
| Remuneration and social security | 454/9 | €158 | €755 | +€597 | +379% |
| Other amounts payable | 47/48 | €5,360 | €10,102 | +€4,743 | +88.5% |
| Remuneration, social security and pensions | 62 | €497 | €7,112 | +€6,615 | +1,332% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €214 | €214 | = | 0.0% |
| Other operating charges | 640/8 | €500 | - | -€500 | |
| Gross operating margin | 9900 | -€6,058 | €17,499 | +€23,557 | |
| Operating profit (loss) | 9901 | -€7,268 | €10,173 | +€17,441 | |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €21 | €125 | +€104 | +500% |
| Recurring financial charges | 65 | €21 | €125 | +€104 | +500% |
| Profit (loss) for the period before taxes | 9903 | -€7,280 | €10,048 | +€17,328 | |
| Income taxes | 67/77 | €0 | €3,030 | +€3,030 | |
| Profit (loss) for the period | 9904 | -€7,280 | €7,018 | +€14,298 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,280 | €7,018 | +€14,298 |
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 14 October 2026 via checked.be.