SYNDA: 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.
SYNDA
Largest movements
- Financial fixed assets +€673,870
new in 2025: €673,870
- Receivables within one year +€39,741
up €39,741 (+130%), from €30,592 to €70,333
of which Trade receivables: +€28,773
- Cash -€14,540
down €14,540 (-100%), from €14,540 to €0
mainly Investment in fixed assets (net) (-€673,870) and Receivables within one year (-€39,741)
- Deferred charges and accrued income -€9,231
down €9,231 (-78.4%), from €11,778 to €2,546
- Current portion of long-term debt +€377,000
up €377,000, from €0 to €377,000
- Other debts +€279,943
up €279,943 (+872%), from €32,108 to €312,052
- Reserves +€35,022
up €35,022 (+320%), from €10,937 to €45,959
- Gross operating margin +€93,000
up €93,000, from -€11,982 to €81,018
- Other operating charges +€19,831
up €19,831 (+777%), from €2,554 to €22,385
- Staff costs -€8,555
down €8,555 (-33.4%), from €25,593 to €17,038
- Financial charges +€2,310
up €2,310 (+148%), from €1,557 to €3,866
- Taxes +€1,142
up €1,142 (+364%), from €313 to €1,455
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 | €63,963 | €752,542 | +€688,579 | +1,077% |
| Formation expenses | 20 | €229 | €0 | -€229 | -100% |
| Fixed assets | 21/28 | €3,424 | €676,262 | +€672,838 | +19,652% |
| Tangible fixed assets | 22/27 | €3,424 | €2,392 | -€1,032 | -30.1% |
| Furniture and vehicles | 24 | €3,424 | €2,392 | -€1,032 | -30.1% |
| Financial fixed assets | 28 | - | €673,870 | +€673,870 | |
| Current assets | 29/58 | €60,310 | €76,280 | +€15,970 | +26.5% |
| Amounts receivable within one year | 40/41 | €30,592 | €70,333 | +€39,741 | +130% |
| Trade receivables | 40 | €13,646 | €42,419 | +€28,773 | +211% |
| Other amounts receivable | 41 | €16,946 | €27,915 | +€10,969 | +64.7% |
| Current investments | 50/53 | €3,400 | €3,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €14,540 | €0 | -€14,540 | -100% |
| Deferred charges and accrued income | 490/1 | €11,778 | €2,546 | -€9,231 | -78.4% |
| Total equity and liabilities | 10/49 | €63,963 | €752,542 | +€688,579 | +1,077% |
| Equity | 10/15 | €12,937 | €47,959 | +€35,022 | +271% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €10,937 | €45,959 | +€35,022 | +320% |
| Distributable reserves | 133 | €10,937 | €45,959 | +€35,022 | +320% |
| Amounts payable | 17/49 | €51,025 | €704,583 | +€653,557 | +1,281% |
| Amounts payable within one year | 42/48 | €50,705 | €704,583 | +€653,877 | +1,290% |
| Current portion of amounts payable after more than one year | 42 | €0 | €377,000 | +€377,000 | |
| Financial debts | 43 | - | €6,279 | +€6,279 | |
| Credit institutions | 430/8 | - | €6,279 | +€6,279 | |
| Trade debts | 44 | €6,777 | €920 | -€5,857 | -86.4% |
| Suppliers | 440/4 | €6,777 | €920 | -€5,857 | -86.4% |
| Taxes, remuneration and social security | 45 | €11,820 | €8,332 | -€3,488 | -29.5% |
| Taxes | 450/3 | €4,383 | €8,332 | +€3,949 | +90.1% |
| Remuneration and social security | 454/9 | €7,437 | €0 | -€7,437 | -100% |
| Other amounts payable | 47/48 | €32,108 | €312,052 | +€279,943 | +872% |
| Accrued charges and deferred income | 492/3 | €320 | €0 | -€320 | -100% |
| Remuneration, social security and pensions | 62 | €25,593 | €17,038 | -€8,555 | -33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,342 | €1,261 | -€81 | -6.1% |
| Other operating charges | 640/8 | €2,554 | €22,385 | +€19,831 | +777% |
| Gross operating margin | 9900 | -€11,982 | €81,018 | +€93,000 | |
| Operating profit (loss) | 9901 | -€41,472 | €40,334 | +€81,805 | |
| Financial income | 75/76B | €74 | €9 | -€64 | -87.4% |
| Recurring financial income | 75 | €74 | €9 | -€64 | -87.4% |
| Financial charges | 65/66B | €1,557 | €3,866 | +€2,310 | +148% |
| Recurring financial charges | 65 | €1,557 | €3,866 | +€2,310 | +148% |
| Profit (loss) for the period before taxes | 9903 | -€42,954 | €36,477 | +€79,431 | |
| Income taxes | 67/77 | €313 | €1,455 | +€1,142 | +364% |
| Profit (loss) for the period | 9904 | -€43,268 | €35,022 | +€78,289 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,268 | €35,022 | +€78,289 |
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 24 October 2026 via checked.be.