NV SYNDIC: 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.
NV SYNDIC
Largest movements
- Receivables within one year -€9,810
down €9,810 (-67.4%), from €14,546 to €4,736
of which Trade receivables: -€8,953
- Cash +€7,607
up €7,607 (+24.2%), from €31,437 to €39,044
mainly Net result for the year (+€30,383) and Receivables within one year (+€9,810)
- Tangible fixed assets -€6,426
down €6,426 (-27.6%), from €23,304 to €16,878
of which Furniture and vehicles: -€4,268
- Deferred charges and accrued income +€1,669
new in 2025: €1,669
- Intangible fixed assets -€729
no longer reported in 2025 (was €729)
- Profit (loss) carried forward +€30,383
up €30,383 (+45.3%), from -€66,998 to -€36,615
- Debts after one year -€10,141
no longer reported in 2025 (was €10,141)
- Tax, wage and social debts -€8,821
down €8,821 (-35.0%), from €25,210 to €16,389
of which Taxes: -€5,537
- Trade debts -€6,821
down €6,821 (-56.8%), from €12,014 to €5,192
- Current portion of long-term debt -€4,818
down €4,818 (-32.2%), from €14,959 to €10,141
- Staff costs -€31,205
down €31,205 (-33.3%), from €93,619 to €62,414
- Taxes +€9,731
up €9,731 (+660.8%), from €1,473 to €11,204
- Financial charges -€9,335
down €9,335, from €5,802 to -€3,533
- Gross operating margin -€5,937
down €5,937 (-5.1%), from €116,509 to €110,572
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.
Cash bridge derived
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 | €70,068 | €62,379 | -€7,689 | -11.0% |
| Fixed assets | 21/28 | €24,086 | €16,931 | -€7,154 | -29.7% |
| Intangible fixed assets | 21 | €729 | - | -€729 | |
| Tangible fixed assets | 22/27 | €23,304 | €16,878 | -€6,426 | -27.6% |
| Plant, machinery and equipment | 23 | - | €1,630 | +€1,630 | |
| Furniture and vehicles | 24 | €9,412 | €5,144 | -€4,268 | -45.3% |
| Other tangible fixed assets | 26 | €13,892 | €10,104 | -€3,788 | -27.3% |
| Financial fixed assets | 28 | €53 | €53 | = | 0.0% |
| Current assets | 29/58 | €45,982 | €45,448 | -€534 | -1.2% |
| Amounts receivable within one year | 40/41 | €14,546 | €4,736 | -€9,810 | -67.4% |
| Trade receivables | 40 | €13,688 | €4,736 | -€8,953 | -65.4% |
| Other amounts receivable | 41 | €858 | - | -€858 | |
| Cash at bank and in hand | 54/58 | €31,437 | €39,044 | +€7,607 | +24.2% |
| Deferred charges and accrued income | 490/1 | - | €1,669 | +€1,669 | |
| Total equity and liabilities | 10/49 | €70,068 | €62,379 | -€7,689 | -11.0% |
| Equity | 10/15 | -€46,538 | -€16,155 | +€30,383 | +65.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,998 | -€36,615 | +€30,383 | +45.3% |
| Amounts payable | 17/49 | €116,606 | €78,534 | -€38,071 | -32.6% |
| Amounts payable after more than one year | 17 | €10,141 | - | -€10,141 | |
| Financial debts | 170/4 | €10,141 | - | -€10,141 | |
| Amounts payable within one year | 42/48 | €96,354 | €72,686 | -€23,668 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €14,959 | €10,141 | -€4,818 | -32.2% |
| Trade debts | 44 | €12,014 | €5,192 | -€6,821 | -56.8% |
| Suppliers | 440/4 | €12,014 | €5,192 | -€6,821 | -56.8% |
| Taxes, remuneration and social security | 45 | €25,210 | €16,389 | -€8,821 | -35.0% |
| Taxes | 450/3 | €8,999 | €3,462 | -€5,537 | -61.5% |
| Remuneration and social security | 454/9 | €16,210 | €12,926 | -€3,284 | -20.3% |
| Other amounts payable | 47/48 | €44,171 | €40,964 | -€3,207 | -7.3% |
| Accrued charges and deferred income | 492/3 | €10,111 | €5,848 | -€4,263 | -42.2% |
| Remuneration, social security and pensions | 62 | €93,619 | €62,414 | -€31,205 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,503 | €9,151 | -€352 | -3.7% |
| Other operating charges | 640/8 | €1,746 | €954 | -€792 | -45.4% |
| Gross operating margin | 9900 | €116,509 | €110,572 | -€5,937 | -5.1% |
| Operating profit (loss) | 9901 | €11,643 | €38,054 | +€26,412 | +226.9% |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €5,802 | -€3,533 | -€9,335 | |
| Recurring financial charges | 65 | €5,802 | -€3,533 | -€9,335 | |
| Profit (loss) for the period before taxes | 9903 | €5,878 | €41,587 | +€35,709 | +607.5% |
| Income taxes | 67/77 | €1,473 | €11,204 | +€9,731 | +660.8% |
| Profit (loss) for the period | 9904 | €4,405 | €30,383 | +€25,977 | +589.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,405 | €30,383 | +€25,977 | +589.7% |
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 10 October 2026 via checked.be.