SYNALLAGMA: what changed
Two fiscal 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.
SYNALLAGMA
Largest movements
- Receivables within one year -€173,133
down €173,133 (-36.2%), from €478,011 to €304,878
of which Trade receivables: -€182,254
- Deferred charges and accrued income +€54,696
up €54,696 (+675.3%), from €8,100 to €62,796
- Cash +€47,836
up €47,836 (+4.3%), from €1.1m to €1.2m
mainly Receivables within one year (+€173,133) and Net result for the year (+€120,350)
- Profit (loss) carried forward +€120,350
up €120,350 (+14.6%), from €827,064 to €947,414
- Accrued charges and deferred income -€113,054
down €113,054 (-36.7%), from €308,000 to €194,946
- Trade debts -€77,896
down €77,896 (-23.2%), from €336,175 to €258,279
- Gross operating margin -€426,971
down €426,971 (-69.6%), from €613,473 to €186,502
- Taxes -€78,649
down €78,649 (-54.0%), from €145,721 to €67,071
- Financial charges -€7,270
down €7,270 (-87.4%), from €8,318 to €1,048
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 | €1,593,817 | €1,523,217 | -€70,600 | -4.4% |
| Current assets | 29/58 | €1,593,817 | €1,523,217 | -€70,600 | -4.4% |
| Amounts receivable within one year | 40/41 | €478,011 | €304,878 | -€173,133 | -36.2% |
| Trade receivables | 40 | €305,450 | €123,196 | -€182,254 | -59.7% |
| Other amounts receivable | 41 | €172,561 | €181,682 | +€9,121 | +5.3% |
| Cash at bank and in hand | 54/58 | €1,107,706 | €1,155,543 | +€47,836 | +4.3% |
| Deferred charges and accrued income | 490/1 | €8,100 | €62,796 | +€54,696 | +675.3% |
| Total equity and liabilities | 10/49 | €1,593,817 | €1,523,217 | -€70,600 | -4.4% |
| Equity | 10/15 | €949,642 | €1,069,992 | +€120,350 | +12.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €22,578 | €22,578 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,578 | €22,578 | = | 0.0% |
| Legal reserve | 130 | €22,578 | €22,578 | = | 0.0% |
| Profit (loss) carried forward | 14 | €827,064 | €947,414 | +€120,350 | +14.6% |
| Amounts payable | 17/49 | €644,175 | €453,225 | -€190,950 | -29.6% |
| Amounts payable within one year | 42/48 | €336,175 | €258,279 | -€77,896 | -23.2% |
| Trade debts | 44 | €336,175 | €258,279 | -€77,896 | -23.2% |
| Suppliers | 440/4 | €336,175 | €258,279 | -€77,896 | -23.2% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €308,000 | €194,946 | -€113,054 | -36.7% |
| Other operating charges | 640/8 | €24 | €0 | -€24 | -100.0% |
| Non-recurring operating charges | 66A | €7,854 | €0 | -€7,854 | -100.0% |
| Gross operating margin | 9900 | €613,473 | €186,502 | -€426,971 | -69.6% |
| Operating profit (loss) | 9901 | €605,595 | €186,502 | -€419,093 | -69.2% |
| Financial income | 75/76B | €0 | €1,968 | +€1,968 | |
| Recurring financial income | 75 | €0 | €1,968 | +€1,968 | |
| Financial charges | 65/66B | €8,318 | €1,048 | -€7,270 | -87.4% |
| Recurring financial charges | 65 | €8,318 | €1,048 | -€7,270 | -87.4% |
| Profit (loss) for the period before taxes | 9903 | €597,277 | €187,422 | -€409,856 | -68.6% |
| Income taxes | 67/77 | €145,721 | €67,071 | -€78,649 | -54.0% |
| Profit (loss) for the period | 9904 | €451,557 | €120,350 | -€331,206 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €451,557 | €120,350 | -€331,206 | -73.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.