SYNDIA: 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.
SYNDIA
Largest movements
- Cash +€286,695
up €286,695 (+201%), from €142,717 to €429,412
mainly Net result for the year (+€229,354) and Debts after one year (+€163,294)
- Tangible fixed assets +€217,696
up €217,696 (+213%), from €102,093 to €319,789
of which Furniture and vehicles: +€124,957
- Receivables within one year -€18,814
down €18,814 (-3.6%), from €524,422 to €505,608
of which Trade receivables: -€25,314
- Reserves +€195,900
up €195,900 (+32.4%), from €603,711 to €799,611
- Debts after one year +€163,294
up €163,294 (+379%), from €43,098 to €206,392
- Trade debts +€84,214
up €84,214 (+255%), from €33,042 to €117,256
- Tax, wage and social debts +€50,789
up €50,789 (+105%), from €48,473 to €99,262
of which Taxes: +€39,345
- Accrued charges and deferred income -€22,331
down €22,331 (-38.1%), from €58,660 to €36,329
- Gross operating margin +€281,154
up €281,154 (+39.9%), from €703,970 to €985,124
- Staff costs +€135,517
up €135,517 (+29.5%), from €459,685 to €595,202
- Taxes +€42,225
up €42,225 (+62.9%), from €67,116 to €109,341
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 | €806,686 | €1,299,661 | +€492,975 | +61.1% |
| Fixed assets | 21/28 | €108,372 | €326,072 | +€217,700 | +201% |
| Intangible fixed assets | 21 | €21 | - | -€21 | |
| Tangible fixed assets | 22/27 | €102,093 | €319,789 | +€217,696 | +213% |
| Plant, machinery and equipment | 23 | €7,299 | €93,563 | +€86,265 | +1,182% |
| Furniture and vehicles | 24 | €94,257 | €219,215 | +€124,957 | +133% |
| Leasing and similar rights | 25 | €537 | €7,011 | +€6,474 | +1,206% |
| Financial fixed assets | 28 | €6,258 | €6,283 | +€25 | +0.4% |
| Current assets | 29/58 | €698,315 | €973,589 | +€275,275 | +39.4% |
| Amounts receivable within one year | 40/41 | €524,422 | €505,608 | -€18,814 | -3.6% |
| Trade receivables | 40 | €225,721 | €200,406 | -€25,314 | -11.2% |
| Other amounts receivable | 41 | €298,701 | €305,201 | +€6,500 | +2.2% |
| Cash at bank and in hand | 54/58 | €142,717 | €429,412 | +€286,695 | +201% |
| Deferred charges and accrued income | 490/1 | €31,176 | €38,569 | +€7,394 | +23.7% |
| Total equity and liabilities | 10/49 | €806,686 | €1,299,661 | +€492,975 | +61.1% |
| Equity | 10/15 | €610,743 | €806,647 | +€195,904 | +32.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €603,711 | €799,611 | +€195,900 | +32.4% |
| Distributable reserves | 133 | €603,711 | €799,611 | +€195,900 | +32.4% |
| Profit (loss) carried forward | 14 | €832 | €836 | +€4 | +0.5% |
| Amounts payable | 17/49 | €195,943 | €493,014 | +€297,071 | +152% |
| Amounts payable after more than one year | 17 | €43,098 | €206,392 | +€163,294 | +379% |
| Financial debts | 170/4 | €43,098 | €206,392 | +€163,294 | +379% |
| Amounts payable within one year | 42/48 | €94,185 | €250,293 | +€156,108 | +166% |
| Current portion of amounts payable after more than one year | 42 | €12,670 | €29,908 | +€17,238 | +136% |
| Trade debts | 44 | €33,042 | €117,256 | +€84,214 | +255% |
| Suppliers | 440/4 | €33,042 | €117,256 | +€84,214 | +255% |
| Taxes, remuneration and social security | 45 | €48,473 | €99,262 | +€50,789 | +105% |
| Taxes | 450/3 | - | €39,345 | +€39,345 | |
| Remuneration and social security | 454/9 | €48,473 | €59,917 | +€11,444 | +23.6% |
| Other amounts payable | 47/48 | - | €3,867 | +€3,867 | |
| Accrued charges and deferred income | 492/3 | €58,660 | €36,329 | -€22,331 | -38.1% |
| Remuneration, social security and pensions | 62 | €459,685 | €595,202 | +€135,517 | +29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,701 | €40,078 | +€4,377 | +12.3% |
| Other operating charges | 640/8 | €851 | €2,824 | +€1,972 | +232% |
| Non-recurring operating charges | 66A | €0 | €1 | +€1 | +10,900% |
| Gross operating margin | 9900 | €703,970 | €985,124 | +€281,154 | +39.9% |
| Operating profit (loss) | 9901 | €207,733 | €347,019 | +€139,286 | +67.1% |
| Financial income | 75/76B | €43 | €36 | -€7 | -16.7% |
| Recurring financial income | 75 | €43 | €36 | -€7 | -16.7% |
| Financial charges | 65/66B | €6,455 | €8,359 | +€1,904 | +29.5% |
| Recurring financial charges | 65 | €6,455 | €8,359 | +€1,904 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €201,320 | €338,695 | +€137,375 | +68.2% |
| Income taxes | 67/77 | €67,116 | €109,341 | +€42,225 | +62.9% |
| Profit (loss) for the period | 9904 | €134,204 | €229,354 | +€95,150 | +70.9% |
| Profit (loss) for the period to be appropriated | 9905 | €134,204 | €229,354 | +€95,150 | +70.9% |
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 17 October 2026 via checked.be.