IVA Syndic: what changed
IVA Syndic
Largest movements
- Receivables within one year +€69,706
up €69,706 (+721%), from €9,664 to €79,370
of which Other amounts receivable: +€73,722
- Tangible fixed assets -€4,775
down €4,775 (-35.8%), from €13,326 to €8,551
- Cash -€2,544
down €2,544 (-17.3%), from €14,694 to €12,149
mainly Receivables within one year (-€69,706) and Tax, wage and social debts (-€3,672)
- Profit (loss) carried forward +€65,956
up €65,956 (+298%), from €22,170 to €88,126
- Tax, wage and social debts -€3,672
down €3,672 (-75.0%), from €4,895 to €1,223
- Trade debts -€1,348
down €1,348 (-97.2%), from €1,387 to €39
- Gross operating margin +€58,818
up €58,818 (+125%), from €47,225 to €106,044
- Taxes +€11,285
up €11,285 (+196%), from €5,747 to €17,032
- Staff costs +€4,622
up €4,622 (+38.3%), from €12,080 to €16,702
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 | €42,806 | €104,492 | +€61,686 | +144% |
| Formation expenses | 20 | €1,407 | €517 | -€889 | -63.2% |
| Fixed assets | 21/28 | €16,926 | €12,151 | -€4,775 | -28.2% |
| Tangible fixed assets | 22/27 | €13,326 | €8,551 | -€4,775 | -35.8% |
| Furniture and vehicles | 24 | €13,326 | €8,551 | -€4,775 | -35.8% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €24,474 | €91,824 | +€67,350 | +275% |
| Amounts receivable within one year | 40/41 | €9,664 | €79,370 | +€69,706 | +721% |
| Trade receivables | 40 | €5,410 | €1,395 | -€4,015 | -74.2% |
| Other amounts receivable | 41 | €4,253 | €77,975 | +€73,722 | +1,733% |
| Cash at bank and in hand | 54/58 | €14,694 | €12,149 | -€2,544 | -17.3% |
| Deferred charges and accrued income | 490/1 | €117 | €305 | +€188 | +161% |
| Total equity and liabilities | 10/49 | €42,806 | €104,492 | +€61,686 | +144% |
| Equity | 10/15 | €25,170 | €91,126 | +€65,956 | +262% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,170 | €88,126 | +€65,956 | +298% |
| Amounts payable | 17/49 | €17,637 | €13,366 | -€4,270 | -24.2% |
| Amounts payable within one year | 42/48 | €17,637 | €13,366 | -€4,270 | -24.2% |
| Trade debts | 44 | €1,387 | €39 | -€1,348 | -97.2% |
| Suppliers | 440/4 | €1,387 | €39 | -€1,348 | -97.2% |
| Taxes, remuneration and social security | 45 | €4,895 | €1,223 | -€3,672 | -75.0% |
| Remuneration and social security | 454/9 | €4,895 | €1,223 | -€3,672 | -75.0% |
| Other amounts payable | 47/48 | €11,355 | €12,105 | +€750 | +6.6% |
| Remuneration, social security and pensions | 62 | €12,080 | €16,702 | +€4,622 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,926 | €5,664 | -€261 | -4.4% |
| Other operating charges | 640/8 | €1,245 | €465 | -€779 | -62.6% |
| Gross operating margin | 9900 | €47,225 | €106,044 | +€58,818 | +125% |
| Operating profit (loss) | 9901 | €27,975 | €83,211 | +€55,237 | +197% |
| Financial income | 75/76B | €165 | €59 | -€106 | -64.1% |
| Recurring financial income | 75 | €165 | €59 | -€106 | -64.1% |
| Financial charges | 65/66B | €223 | €283 | +€60 | +26.8% |
| Recurring financial charges | 65 | €223 | €283 | +€60 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €27,916 | €82,988 | +€55,071 | +197% |
| Income taxes | 67/77 | €5,747 | €17,032 | +€11,285 | +196% |
| Profit (loss) for the period | 9904 | €22,170 | €65,956 | +€43,786 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €22,170 | €65,956 | +€43,786 | +198% |
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.