Het Syndicaat: what changed
Het Syndicaat
Largest movements
- Stocks and contracts +€10,917
up €10,917 (+12.0%), from €90,755 to €101,673
- Receivables within one year -€10,179
down €10,179 (-19.8%), from €51,471 to €41,292
of which Other amounts receivable: -€18,606
- Cash +€5,799
up €5,799 (+10.8%), from €53,723 to €59,522
mainly Net result for the year (+€23,845) and Receivables within one year (+€10,179)
- Tangible fixed assets -€4,225
down €4,225 (-15.4%), from €27,523 to €23,298
of which Land and buildings: -€3,476
- Deferred charges and accrued income +€3,751
up €3,751 (+112%), from €3,342 to €7,093
- Reserves +€23,845
up €23,845 (+13.4%), from €177,714 to €201,559
- Other debts -€16,634
no longer reported in 2024 (was €16,634)
- Current portion of long-term debt -€4,725
no longer reported in 2024 (was €4,725)
- Trade debts +€2,663
up €2,663 (+41.3%), from €6,454 to €9,117
- Gross operating margin +€25,187
up €25,187 (+216%), from €11,680 to €36,866
- Taxes +€6,645
up €6,645 (+245%), from €2,711 to €9,356
- Financial income -€852
down €852 (-32.5%), from €2,623 to €1,771
- Other operating charges +€505
up €505 (+102%), from €496 to €1,001
Change in the result, 2023 to 2024
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 2023 and 2024 balance sheets and the 2024 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 | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €226,813 | €232,877 | +€6,064 | +2.7% |
| Fixed assets | 21/28 | €27,523 | €23,298 | -€4,225 | -15.4% |
| Tangible fixed assets | 22/27 | €27,523 | €23,298 | -€4,225 | -15.4% |
| Land and buildings | 22 | €22,417 | €18,941 | -€3,476 | -15.5% |
| Plant, machinery and equipment | 23 | €1,632 | €1,349 | -€283 | -17.3% |
| Furniture and vehicles | 24 | €3,474 | €3,008 | -€466 | -13.4% |
| Current assets | 29/58 | €199,290 | €209,579 | +€10,289 | +5.2% |
| Stocks and contracts in progress | 3 | €90,755 | €101,673 | +€10,917 | +12.0% |
| Stocks | 30/36 | €90,755 | €101,673 | +€10,917 | +12.0% |
| Amounts receivable within one year | 40/41 | €51,471 | €41,292 | -€10,179 | -19.8% |
| Trade receivables | 40 | €8,869 | €17,296 | +€8,427 | +95.0% |
| Other amounts receivable | 41 | €42,601 | €23,995 | -€18,606 | -43.7% |
| Cash at bank and in hand | 54/58 | €53,723 | €59,522 | +€5,799 | +10.8% |
| Deferred charges and accrued income | 490/1 | €3,342 | €7,093 | +€3,751 | +112% |
| Total equity and liabilities | 10/49 | €226,813 | €232,877 | +€6,064 | +2.7% |
| Equity | 10/15 | €196,314 | €220,159 | +€23,845 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €177,714 | €201,559 | +€23,845 | +13.4% |
| Distributable reserves | 133 | €177,714 | €201,559 | +€23,845 | +13.4% |
| Amounts payable | 17/49 | €30,500 | €12,719 | -€17,781 | -58.3% |
| Amounts payable within one year | 42/48 | €30,500 | €12,719 | -€17,781 | -58.3% |
| Current portion of amounts payable after more than one year | 42 | €4,725 | - | -€4,725 | |
| Trade debts | 44 | €6,454 | €9,117 | +€2,663 | +41.3% |
| Suppliers | 440/4 | €6,454 | €9,117 | +€2,663 | +41.3% |
| Taxes, remuneration and social security | 45 | €2,687 | €3,602 | +€916 | +34.1% |
| Taxes | 450/3 | €2,687 | €3,602 | +€916 | +34.1% |
| Other amounts payable | 47/48 | €16,634 | - | -€16,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,225 | €4,225 | = | 0.0% |
| Other operating charges | 640/8 | €496 | €1,001 | +€505 | +102% |
| Gross operating margin | 9900 | €11,680 | €36,866 | +€25,187 | +216% |
| Operating profit (loss) | 9901 | €6,958 | €31,640 | +€24,682 | +355% |
| Financial income | 75/76B | €2,623 | €1,771 | -€852 | -32.5% |
| Recurring financial income | 75 | €2,623 | €1,771 | -€852 | -32.5% |
| Financial charges | 65/66B | €343 | €210 | -€133 | -38.7% |
| Recurring financial charges | 65 | €343 | €210 | -€133 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €9,238 | €33,201 | +€23,963 | +259% |
| Income taxes | 67/77 | €2,711 | €9,356 | +€6,645 | +245% |
| Profit (loss) for the period | 9904 | €6,527 | €23,845 | +€17,318 | +265% |
| Profit (loss) for the period to be appropriated | 9905 | €6,527 | €23,845 | +€17,318 | +265% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.