Flanders Synergy Alliance: what changed
Flanders Synergy Alliance
Largest movements
- Cash -€21,418
down €21,418 (-92.8%), from €23,070 to €1,652
mainly Net result for the year (-€10,680) and Receivables within one year (-€6,920)
- Receivables within one year +€6,920
up €6,920 (+30.2%), from €22,949 to €29,868
of which Trade receivables: +€3,864
- Reserves -€10,680
down €10,680 (-40.8%), from €26,205 to €15,525
- Trade debts -€3,069
down €3,069 (-50.9%), from €6,024 to €2,955
- Tax, wage and social debts -€2,496
down €2,496 (-19.5%), from €12,790 to €10,294
of which Taxes: -€2,576
- Other debts +€1,952
new in 2025: €1,952
- Gross operating margin -€44,518
down €44,518, from €36,592 to -€7,926
- Taxes -€6,558
down €6,558 (-93.4%), from €7,024 to €467
- Other operating charges -€1,115
down €1,115 (-32.9%), from €3,387 to €2,273
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 | €46,019 | €31,725 | -€14,293 | -31.1% |
| Current assets | 29/58 | €46,019 | €31,725 | -€14,293 | -31.1% |
| Amounts receivable within one year | 40/41 | €22,949 | €29,868 | +€6,920 | +30.2% |
| Trade receivables | 40 | €21,503 | €25,367 | +€3,864 | +18.0% |
| Other amounts receivable | 41 | €1,446 | €4,501 | +€3,056 | +211% |
| Cash at bank and in hand | 54/58 | €23,070 | €1,652 | -€21,418 | -92.8% |
| Deferred charges and accrued income | 490/1 | - | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €46,019 | €31,725 | -€14,293 | -31.1% |
| Equity | 10/15 | €27,205 | €16,525 | -€10,680 | -39.3% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €26,205 | €15,525 | -€10,680 | -40.8% |
| Distributable reserves | 133 | €26,205 | €15,525 | -€10,680 | -40.8% |
| Amounts payable | 17/49 | €18,813 | €15,200 | -€3,613 | -19.2% |
| Amounts payable within one year | 42/48 | €18,813 | €15,200 | -€3,613 | -19.2% |
| Trade debts | 44 | €6,024 | €2,955 | -€3,069 | -50.9% |
| Suppliers | 440/4 | €6,024 | €2,955 | -€3,069 | -50.9% |
| Taxes, remuneration and social security | 45 | €12,790 | €10,294 | -€2,496 | -19.5% |
| Taxes | 450/3 | €12,774 | €10,198 | -€2,576 | -20.2% |
| Remuneration and social security | 454/9 | €16 | €96 | +€80 | +500% |
| Other amounts payable | 47/48 | - | €1,952 | +€1,952 | |
| Other operating charges | 640/8 | €3,387 | €2,273 | -€1,115 | -32.9% |
| Gross operating margin | 9900 | €36,592 | -€7,926 | -€44,518 | |
| Operating profit (loss) | 9901 | €33,205 | -€10,198 | -€43,403 | |
| Financial income | 75/76B | €36 | €150 | +€114 | +311% |
| Recurring financial income | 75 | €36 | €150 | +€114 | +311% |
| Financial charges | 65/66B | €12 | €165 | +€154 | +1,313% |
| Recurring financial charges | 65 | €12 | €165 | +€154 | +1,313% |
| Profit (loss) for the period before taxes | 9903 | €33,230 | -€10,214 | -€43,443 | |
| Income taxes | 67/77 | €7,024 | €467 | -€6,558 | -93.4% |
| Profit (loss) for the period | 9904 | €26,205 | -€10,680 | -€36,885 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,205 | -€10,680 | -€36,885 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.