Primo-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.
Primo-Syndic
Largest movements
- Receivables within one year +€20,512
up €20,512 (+984%), from €2,085 to €22,596
of which Trade receivables: +€20,723
- Intangible fixed assets -€1,990
down €1,990 (-45.5%), from €4,374 to €2,384
- Cash +€950
up €950 (+71.0%), from €1,338 to €2,289
mainly Net result for the year (+€18,030) and Accrued charges and deferred income (+€6,000)
- Profit (loss) carried forward +€18,030
up €18,030, from -€9,971 to €8,060
- Debts after one year -€12,000
no longer reported in 2025 (was €12,000)
- Accrued charges and deferred income +€6,000
new in 2025: €6,000
- Trade debts +€4,432
up €4,432 (+6,925%), from €64 to €4,496
- Tax, wage and social debts +€2,946
new in 2025: €2,946
- Gross operating margin +€28,750
up €28,750, from -€5,121 to €23,629
- Taxes +€2,946
new in 2025: €2,946
- Depreciation +€393
up €393 (+24.6%), from €1,598 to €1,990
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 | €8,093 | €27,565 | +€19,472 | +241% |
| Fixed assets | 21/28 | €4,374 | €2,384 | -€1,990 | -45.5% |
| Intangible fixed assets | 21 | €4,374 | €2,384 | -€1,990 | -45.5% |
| Current assets | 29/58 | €3,719 | €25,181 | +€21,462 | +577% |
| Amounts receivable within one year | 40/41 | €2,085 | €22,596 | +€20,512 | +984% |
| Trade receivables | 40 | €1,768 | €22,491 | +€20,723 | +1,172% |
| Other amounts receivable | 41 | €317 | €106 | -€211 | -66.7% |
| Cash at bank and in hand | 54/58 | €1,338 | €2,289 | +€950 | +71.0% |
| Deferred charges and accrued income | 490/1 | €296 | €296 | = | 0.0% |
| Total equity and liabilities | 10/49 | €8,093 | €27,565 | +€19,472 | +241% |
| Equity | 10/15 | -€3,971 | €14,060 | +€18,030 | |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,971 | €8,060 | +€18,030 | |
| Amounts payable | 17/49 | €12,064 | €13,505 | +€1,441 | +11.9% |
| Amounts payable after more than one year | 17 | €12,000 | - | -€12,000 | |
| Financial debts | 170/4 | €12,000 | - | -€12,000 | |
| Amounts payable within one year | 42/48 | €64 | €7,505 | +€7,441 | +11,627% |
| Trade debts | 44 | €64 | €4,496 | +€4,432 | +6,925% |
| Suppliers | 440/4 | €64 | €4,496 | +€4,432 | +6,925% |
| Taxes, remuneration and social security | 45 | - | €2,946 | +€2,946 | |
| Taxes | 450/3 | - | €2,946 | +€2,946 | |
| Other amounts payable | 47/48 | - | €63 | +€63 | |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,598 | €1,990 | +€393 | +24.6% |
| Other operating charges | 640/8 | €431 | €444 | +€12 | +2.9% |
| Gross operating margin | 9900 | -€5,121 | €23,629 | +€28,750 | |
| Operating profit (loss) | 9901 | -€7,150 | €21,195 | +€28,345 | |
| Financial charges | 65/66B | €184 | €218 | +€34 | +18.4% |
| Recurring financial charges | 65 | €184 | €218 | +€34 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | -€7,335 | €20,977 | +€28,311 | |
| Income taxes | 67/77 | - | €2,946 | +€2,946 | |
| Profit (loss) for the period | 9904 | -€7,335 | €18,030 | +€25,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,335 | €18,030 | +€25,365 |
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 14 October 2026 via checked.be.