HET SYNDICHUIS: 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.
HET SYNDICHUIS
Largest movements
- Receivables within one year +€93,521
up €93,521 (+351%), from €26,635 to €120,156
of which Trade receivables: +€86,821
- Intangible fixed assets -€23,338
down €23,338 (-19.5%), from €119,958 to €96,620
- Cash +€21,201
up €21,201 (+1,742%), from €1,217 to €22,418
mainly Trade debts (+€88,479) and Net result for the year (+€60,640)
- Tangible fixed assets -€21,001
down €21,001 (-25.3%), from €82,937 to €61,936
of which Other tangible fixed assets: -€10,866
- Trade debts +€88,479
up €88,479 (+358%), from €24,726 to €113,205
- Debts after one year -€31,985
down €31,985 (-83.1%), from €38,471 to €6,486
- Tax, wage and social debts +€12,066
up €12,066 (+76.7%), from €15,735 to €27,801
of which Taxes: +€8,814
- Staff costs +€21,126
up €21,126 (+14.9%), from €142,155 to €163,281
- Gross operating margin +€13,780
up €13,780 (+5.3%), from €260,002 to €273,781
- Other operating charges -€4,255
down €4,255 (-61.2%), from €6,957 to €2,702
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 | €238,915 | €307,849 | +€68,934 | +28.9% |
| Fixed assets | 21/28 | €203,094 | €158,755 | -€44,339 | -21.8% |
| Intangible fixed assets | 21 | €119,958 | €96,620 | -€23,338 | -19.5% |
| Tangible fixed assets | 22/27 | €82,937 | €61,936 | -€21,001 | -25.3% |
| Plant, machinery and equipment | 23 | €8,042 | €4,512 | -€3,530 | -43.9% |
| Furniture and vehicles | 24 | €15,659 | €9,054 | -€6,605 | -42.2% |
| Other tangible fixed assets | 26 | €59,236 | €48,369 | -€10,866 | -18.3% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €35,821 | €149,093 | +€113,273 | +316% |
| Amounts receivable within one year | 40/41 | €26,635 | €120,156 | +€93,521 | +351% |
| Trade receivables | 40 | €23,045 | €109,866 | +€86,821 | +377% |
| Other amounts receivable | 41 | €3,590 | €10,290 | +€6,700 | +187% |
| Cash at bank and in hand | 54/58 | €1,217 | €22,418 | +€21,201 | +1,742% |
| Deferred charges and accrued income | 490/1 | €7,969 | €6,519 | -€1,450 | -18.2% |
| Total equity and liabilities | 10/49 | €238,915 | €307,849 | +€68,934 | +28.9% |
| Equity | 10/15 | €66,177 | €66,177 | +€0 | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,177 | €16,177 | +€0 | 0.0% |
| Amounts payable | 17/49 | €172,738 | €241,671 | +€68,934 | +39.9% |
| Amounts payable after more than one year | 17 | €38,471 | €6,486 | -€31,985 | -83.1% |
| Financial debts | 170/4 | €38,471 | €6,486 | -€31,985 | -83.1% |
| Amounts payable within one year | 42/48 | €134,267 | €235,185 | +€100,919 | +75.2% |
| Current portion of amounts payable after more than one year | 42 | €33,652 | €31,985 | -€1,667 | -5.0% |
| Trade debts | 44 | €24,726 | €113,205 | +€88,479 | +358% |
| Suppliers | 440/4 | €24,726 | €113,205 | +€88,479 | +358% |
| Taxes, remuneration and social security | 45 | €15,735 | €27,801 | +€12,066 | +76.7% |
| Taxes | 450/3 | €6,794 | €15,608 | +€8,814 | +130% |
| Remuneration and social security | 454/9 | €8,941 | €12,193 | +€3,252 | +36.4% |
| Other amounts payable | 47/48 | €60,154 | €62,194 | +€2,040 | +3.4% |
| Remuneration, social security and pensions | 62 | €142,155 | €163,281 | +€21,126 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,998 | €44,339 | -€1,659 | -3.6% |
| Other operating charges | 640/8 | €6,957 | €2,702 | -€4,255 | -61.2% |
| Gross operating margin | 9900 | €260,002 | €273,781 | +€13,780 | +5.3% |
| Operating profit (loss) | 9901 | €64,892 | €63,459 | -€1,432 | -2.2% |
| Financial income | 75/76B | €80 | €49 | -€31 | -38.3% |
| Recurring financial income | 75 | €80 | €49 | -€31 | -38.3% |
| Financial charges | 65/66B | €2,073 | €1,469 | -€604 | -29.1% |
| Recurring financial charges | 65 | €2,073 | €1,469 | -€604 | -29.1% |
| Profit (loss) for the period before taxes | 9903 | €62,899 | €62,039 | -€859 | -1.4% |
| Income taxes | 67/77 | - | €1,400 | +€1,400 | |
| Profit (loss) for the period | 9904 | €62,899 | €60,640 | -€2,259 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,899 | €60,640 | -€2,259 | -3.6% |
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 23 October 2026 via checked.be.