SYND: 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.
SYND
Largest movements
- Cash +€38,407
up €38,407 (+11.3%), from €339,798 to €378,205
mainly Net result for the year (+€57,984) and Accrued charges and deferred income (+€14,720)
- Receivables within one year +€19,809
up €19,809 (+90.5%), from €21,883 to €41,692
of which Trade receivables: +€14,121
- Deferred charges and accrued income -€5,183
down €5,183 (-27.4%), from €18,946 to €13,763
- Tangible fixed assets -€5,104
down €5,104 (-20.3%), from €25,097 to €19,992
of which Furniture and vehicles: -€6,576
- Reserves +€35,468
up €35,468 (+9.9%), from €357,446 to €392,914
of which Distributable reserves: +€35,468
- Accrued charges and deferred income +€14,720
up €14,720 (+608.6%), from €2,419 to €17,138
- Other debts +€7,479
up €7,479 (+44.3%), from €16,880 to €24,359
- Tax, wage and social debts -€4,789
down €4,789 (-46.8%), from €10,233 to €5,444
of which Taxes: -€3,686
- Gross operating margin +€21,227
up €21,227 (+13.9%), from €153,136 to €174,363
- Staff costs -€6,597
down €6,597 (-8.1%), from €81,681 to €75,084
- Taxes +€5,996
up €5,996 (+28.0%), from €21,450 to €27,445
- Financial income -€5,939
down €5,939 (-70.2%), from €8,455 to €2,516
of which Non-recurring financial income: -€5,911
- Depreciation +€4,184
up €4,184 (+64.2%), from €6,515 to €10,700
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 | €405,723 | €453,652 | +€47,928 | +11.8% |
| Fixed assets | 21/28 | €25,097 | €19,992 | -€5,104 | -20.3% |
| Tangible fixed assets | 22/27 | €25,097 | €19,992 | -€5,104 | -20.3% |
| Land and buildings | 22 | - | €2,018 | +€2,018 | |
| Plant, machinery and equipment | 23 | €4,342 | €3,796 | -€546 | -12.6% |
| Furniture and vehicles | 24 | €20,754 | €14,178 | -€6,576 | -31.7% |
| Current assets | 29/58 | €380,626 | €433,659 | +€53,033 | +13.9% |
| Amounts receivable within one year | 40/41 | €21,883 | €41,692 | +€19,809 | +90.5% |
| Trade receivables | 40 | €19,332 | €33,453 | +€14,121 | +73.0% |
| Other amounts receivable | 41 | €2,550 | €8,239 | +€5,689 | +223.1% |
| Cash at bank and in hand | 54/58 | €339,798 | €378,205 | +€38,407 | +11.3% |
| Deferred charges and accrued income | 490/1 | €18,946 | €13,763 | -€5,183 | -27.4% |
| Total equity and liabilities | 10/49 | €405,723 | €453,652 | +€47,928 | +11.8% |
| Equity | 10/15 | €369,846 | €405,314 | +€35,468 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €357,446 | €392,914 | +€35,468 | +9.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €355,586 | €391,054 | +€35,468 | +10.0% |
| Amounts payable | 17/49 | €35,877 | €48,338 | +€12,461 | +34.7% |
| Amounts payable within one year | 42/48 | €33,458 | €31,199 | -€2,259 | -6.8% |
| Trade debts | 44 | €3,243 | €1,397 | -€1,846 | -56.9% |
| Suppliers | 440/4 | €3,243 | €1,397 | -€1,846 | -56.9% |
| Advances received on contracts in progress | 46 | €3,102 | - | -€3,102 | |
| Taxes, remuneration and social security | 45 | €10,233 | €5,444 | -€4,789 | -46.8% |
| Taxes | 450/3 | €5,110 | €1,424 | -€3,686 | -72.1% |
| Remuneration and social security | 454/9 | €5,124 | €4,020 | -€1,104 | -21.5% |
| Other amounts payable | 47/48 | €16,880 | €24,359 | +€7,479 | +44.3% |
| Accrued charges and deferred income | 492/3 | €2,419 | €17,138 | +€14,720 | +608.6% |
| Remuneration, social security and pensions | 62 | €81,681 | €75,084 | -€6,597 | -8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,515 | €10,700 | +€4,184 | +64.2% |
| Other operating charges | 640/8 | €7,306 | €5,443 | -€1,862 | -25.5% |
| Gross operating margin | 9900 | €153,136 | €174,363 | +€21,227 | +13.9% |
| Operating profit (loss) | 9901 | €57,634 | €83,136 | +€25,502 | +44.2% |
| Financial income | 75/76B | €8,455 | €2,516 | -€5,939 | -70.2% |
| Recurring financial income | 75 | €124 | €96 | -€28 | -22.7% |
| Non-recurring financial income | 76B | €8,331 | €2,420 | -€5,911 | -70.9% |
| Financial charges | 65/66B | €163 | €223 | +€59 | +36.2% |
| Recurring financial charges | 65 | €163 | €223 | +€59 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €65,926 | €85,429 | +€19,504 | +29.6% |
| Income taxes | 67/77 | €21,450 | €27,445 | +€5,996 | +28.0% |
| Profit (loss) for the period | 9904 | €44,476 | €57,984 | +€13,508 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €44,476 | €57,984 | +€13,508 | +30.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.