SYNCOPE REAL ESTATE: what changed
What changed
SYNCOPE REAL ESTATE
NACE 71.111, Activities of building architects
filed annual accounts (NBB)
Net result for the year
-€152,803
2024 · -€125,106-€27,697
Equity
-€65,358
2024 · €87,445-€152,803
Cash
€3,230
2024 · €22+€3,208
Balance sheet total
€23,625
2024 · €1.3m-€1.3m
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-99.3%), from €1.2m to €8,610
of which Assets under construction and advance payments: -€1.2m
- Receivables within one year -€50,678
down €50,678 (-90.8%), from €55,838 to €5,161
of which Trade receivables: -€45,250
- Deferred charges and accrued income -€16,466
down €16,466 (-71.3%), from €23,090 to €6,624
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-94.5%), from €1.2m to €65,000
- Profit (loss) carried forward -€152,803
down €152,803 (-36.0%), from -€424,955 to -€577,758
Income statement
- Other operating charges +€17,616
up €17,616 (+1,059%), from €1,664 to €19,280
- Depreciation -€17,607
down €17,607 (-88.2%), from €19,968 to €2,361
- Gross operating margin +€11,883
up €11,883 (+24.5%), from -€48,436 to -€36,553
- Financial charges +€1,490
up €1,490 (+7.6%), from €19,609 to €21,099
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.
Result 2024
-€125,106
Gross operating margin
+€11,883
Depreciation
+€17,607
Other operating charges
-€17,616
Other operating items
-€37,859
Financial charges
-€1,490
Taxes
-€221
Result 2025
-€152,803
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€96,135
Investment
+€1.2m
Financing
-€1.1m
Cash 2024
€22
From operations (derived)
-€96,135
Net result for the year
-€152,803
Depreciation
+€2,361
Receivables within one year
+€50,678
Deferred charges and accrued income
+€16,466
Trade debts
+€4,153
Tax, wage and social debts
-€5,093
Other debts
-€11,898
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€1.2m
Financing
-€1.1m
Debts after one year
-€1.1m
Short-term financial debts
-€100
Cash 2025
€3,230
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,316,146 | €23,625 | -€1.3m | -98.2% |
| Fixed assets | 21/28 | €1,237,195 | €8,610 | -€1.2m | -99.3% |
| Tangible fixed assets | 22/27 | €1,237,195 | €8,610 | -€1.2m | -99.3% |
| Land and buildings | 22 | €4,968 | €3,866 | -€1,102 | -22.2% |
| Plant, machinery and equipment | 23 | €4,152 | €3,204 | -€948 | -22.8% |
| Furniture and vehicles | 24 | €448 | €1,539 | +€1,092 | +244% |
| Assets under construction and advance payments | 27 | €1,227,627 | €0 | -€1.2m | -100% |
| Current assets | 29/58 | €78,951 | €15,015 | -€63,936 | -81.0% |
| Amounts receivable within one year | 40/41 | €55,838 | €5,161 | -€50,678 | -90.8% |
| Trade receivables | 40 | €50,410 | €5,161 | -€45,250 | -89.8% |
| Other amounts receivable | 41 | €5,428 | €0 | -€5,428 | -100% |
| Cash at bank and in hand | 54/58 | €22 | €3,230 | +€3,208 | +14,380% |
| Deferred charges and accrued income | 490/1 | €23,090 | €6,624 | -€16,466 | -71.3% |
| Total equity and liabilities | 10/49 | €1,316,146 | €23,625 | -€1.3m | -98.2% |
| Equity | 10/15 | €87,445 | -€65,358 | -€152,803 | |
| Contributions | 10/11 | €512,400 | €512,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€424,955 | -€577,758 | -€152,803 | -36.0% |
| Amounts payable | 17/49 | €1,228,701 | €88,982 | -€1.1m | -92.8% |
| Amounts payable after more than one year | 17 | €1,191,780 | €65,000 | -€1.1m | -94.5% |
| Financial debts | 170/4 | €1,191,780 | €65,000 | -€1.1m | -94.5% |
| Amounts payable within one year | 42/48 | €36,921 | €23,982 | -€12,938 | -35.0% |
| Financial debts | 43 | €100 | €0 | -€100 | -100% |
| Credit institutions | 430/8 | €100 | €0 | -€100 | -100% |
| Trade debts | 44 | €5,532 | €9,685 | +€4,153 | +75.1% |
| Suppliers | 440/4 | €5,532 | €9,685 | +€4,153 | +75.1% |
| Taxes, remuneration and social security | 45 | €16,598 | €11,505 | -€5,093 | -30.7% |
| Taxes | 450/3 | €16,598 | €11,505 | -€5,093 | -30.7% |
| Other amounts payable | 47/48 | €14,690 | €2,792 | -€11,898 | -81.0% |
| Non-recurring operating income | 76A | €14,075 | €0 | -€14,075 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,968 | €2,361 | -€17,607 | -88.2% |
| Other operating charges | 640/8 | €1,664 | €19,280 | +€17,616 | +1,059% |
| Non-recurring operating charges | 66A | €35,429 | €73,288 | +€37,859 | +107% |
| Gross operating margin | 9900 | -€48,436 | -€36,553 | +€11,883 | +24.5% |
| Operating profit (loss) | 9901 | -€105,497 | -€131,482 | -€25,985 | -24.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €19,609 | €21,099 | +€1,490 | +7.6% |
| Recurring financial charges | 65 | €19,609 | €21,099 | +€1,490 | +7.6% |
| Profit (loss) for the period before taxes | 9903 | -€125,106 | -€152,582 | -€27,476 | -22.0% |
| Income taxes | 67/77 | €0 | €221 | +€221 | |
| Profit (loss) for the period | 9904 | -€125,106 | -€152,803 | -€27,697 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,106 | -€152,803 | -€27,697 | -22.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.