DE SYNDIC: what changed
DE SYNDIC
Largest movements
- Cash +€54,799
up €54,799 (+154%), from €35,667 to €90,466
mainly Trade debts (+€97,213) and Depreciation (+€18,730)
- Receivables within one year -€13,986
down €13,986 (-6.9%), from €202,141 to €188,154
- Intangible fixed assets -€8,243
down €8,243 (-32.4%), from €25,434 to €17,191
- Other debts -€97,259
down €97,259 (-97.0%), from €100,318 to €3,060
- Trade debts +€97,213
up €97,213 (+418%), from €23,262 to €120,475
- Tax, wage and social debts +€17,609
up €17,609 (+15.5%), from €113,525 to €131,134
of which Remuneration and social security: +€12,612
- Profit (loss) carried forward +€11,545
up €11,545 (+2.8%), from -€414,607 to -€403,061
- Gross operating margin +€205,075
up €205,075 (+13.7%), from €1.5m to €1.7m
- Staff costs +€156,872
up €156,872 (+10.7%), from €1.5m to €1.6m
- Other operating charges +€22,650
up €22,650 (+501%), from €4,523 to €27,173
- Financial income -€18,292
down €18,292 (-30.7%), from €59,594 to €41,302
of which Non-recurring financial income: -€16,700
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 | €322,498 | €351,607 | +€29,109 | +9.0% |
| Fixed assets | 21/28 | €84,691 | €72,987 | -€11,704 | -13.8% |
| Intangible fixed assets | 21 | €25,434 | €17,191 | -€8,243 | -32.4% |
| Tangible fixed assets | 22/27 | €49,028 | €45,567 | -€3,461 | -7.1% |
| Plant, machinery and equipment | 23 | €14,920 | €12,131 | -€2,788 | -18.7% |
| Furniture and vehicles | 24 | €34,109 | €33,436 | -€673 | -2.0% |
| Financial fixed assets | 28 | €10,229 | €10,229 | = | 0.0% |
| Current assets | 29/58 | €237,808 | €278,620 | +€40,813 | +17.2% |
| Amounts receivable within one year | 40/41 | €202,141 | €188,154 | -€13,986 | -6.9% |
| Trade receivables | 40 | €202,141 | €188,154 | -€13,986 | -6.9% |
| Cash at bank and in hand | 54/58 | €35,667 | €90,466 | +€54,799 | +154% |
| Total equity and liabilities | 10/49 | €322,498 | €351,607 | +€29,109 | +9.0% |
| Equity | 10/15 | €85,393 | €96,939 | +€11,545 | +13.5% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€414,607 | -€403,061 | +€11,545 | +2.8% |
| Amounts payable | 17/49 | €237,105 | €254,668 | +€17,563 | +7.4% |
| Amounts payable within one year | 42/48 | €237,105 | €254,668 | +€17,563 | +7.4% |
| Trade debts | 44 | €23,262 | €120,475 | +€97,213 | +418% |
| Suppliers | 440/4 | €23,262 | €120,475 | +€97,213 | +418% |
| Taxes, remuneration and social security | 45 | €113,525 | €131,134 | +€17,609 | +15.5% |
| Taxes | 450/3 | - | €4,998 | +€4,998 | |
| Remuneration and social security | 454/9 | €113,525 | €126,137 | +€12,612 | +11.1% |
| Other amounts payable | 47/48 | €100,318 | €3,060 | -€97,259 | -97.0% |
| Non-recurring operating income | 76A | €4,383 | - | -€4,383 | |
| Remuneration, social security and pensions | 62 | €1,472,694 | €1,629,566 | +€156,872 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,214 | €18,730 | +€2,516 | +15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €25,525 | €40,613 | +€15,088 | +59.1% |
| Other operating charges | 640/8 | €4,523 | €27,173 | +€22,650 | +501% |
| Non-recurring operating charges | 66A | - | €5,264 | +€5,264 | |
| Gross operating margin | 9900 | €1,495,392 | €1,700,467 | +€205,075 | +13.7% |
| Operating profit (loss) | 9901 | -€23,564 | -€20,879 | +€2,685 | +11.4% |
| Financial income | 75/76B | €59,594 | €41,302 | -€18,292 | -30.7% |
| Recurring financial income | 75 | €1,594 | €2 | -€1,592 | -99.9% |
| Non-recurring financial income | 76B | €58,000 | €41,300 | -€16,700 | -28.8% |
| Financial charges | 65/66B | €1,905 | €4,164 | +€2,259 | +119% |
| Recurring financial charges | 65 | €1,905 | €4,164 | +€2,259 | +119% |
| Profit (loss) for the period before taxes | 9903 | €34,125 | €16,259 | -€17,866 | -52.4% |
| Income taxes | 67/77 | €2,615 | €4,713 | +€2,098 | +80.2% |
| Profit (loss) for the period | 9904 | €31,509 | €11,545 | -€19,964 | -63.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,509 | €11,545 | -€19,964 | -63.4% |
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 6 November 2026 via checked.be.