SYNDIC 2.0: 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.
SYNDIC 2.0
Largest movements
- Receivables within one year +€15,889
up €15,889 (+426.9%), from €3,722 to €19,611
of which Other amounts receivable: +€15,939
- Tangible fixed assets +€2,499
up €2,499 (+33.3%), from €7,508 to €10,007
- Cash +€1,667
up €1,667 (+19.8%), from €8,408 to €10,075
mainly Net result for the year (+€19,597) and Trade debts (+€2,043)
- Profit (loss) carried forward +€19,597
up €19,597 (+148.8%), from €13,174 to €32,771
- Trade debts +€2,043
up €2,043 (+1344.1%), from €152 to €2,195
- Tax, wage and social debts -€1,851
down €1,851 (-40.1%), from €4,611 to €2,760
- Gross operating margin +€28,621
up €28,621 (+2667.4%), from €1,073 to €29,694
- Taxes +€7,788
new in 2025: €7,788
- Financial charges +€1,080
up €1,080 (+1270.6%), from €85 to €1,165
- Depreciation +€662
up €662 (+137.3%), from €482 to €1,144
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 | €20,437 | €40,226 | +€19,789 | +96.8% |
| Fixed assets | 21/28 | €8,307 | €10,540 | +€2,233 | +26.9% |
| Intangible fixed assets | 21 | €799 | €533 | -€266 | -33.3% |
| Tangible fixed assets | 22/27 | €7,508 | €10,007 | +€2,499 | +33.3% |
| Furniture and vehicles | 24 | €7,508 | €10,007 | +€2,499 | +33.3% |
| Current assets | 29/58 | €12,130 | €29,686 | +€17,556 | +144.7% |
| Amounts receivable within one year | 40/41 | €3,722 | €19,611 | +€15,889 | +426.9% |
| Trade receivables | 40 | €360 | €310 | -€50 | -13.9% |
| Other amounts receivable | 41 | €3,362 | €19,301 | +€15,939 | +474.1% |
| Cash at bank and in hand | 54/58 | €8,408 | €10,075 | +€1,667 | +19.8% |
| Total equity and liabilities | 10/49 | €20,437 | €40,226 | +€19,789 | +96.8% |
| Equity | 10/15 | €15,674 | €35,271 | +€19,597 | +125.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,174 | €32,771 | +€19,597 | +148.8% |
| Amounts payable | 17/49 | €4,763 | €4,955 | +€192 | +4.0% |
| Amounts payable within one year | 42/48 | €4,763 | €4,955 | +€192 | +4.0% |
| Trade debts | 44 | €152 | €2,195 | +€2,043 | +1344.1% |
| Suppliers | 440/4 | €152 | €2,195 | +€2,043 | +1344.1% |
| Taxes, remuneration and social security | 45 | €4,611 | €2,760 | -€1,851 | -40.1% |
| Taxes | 450/3 | €4,611 | €2,760 | -€1,851 | -40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €482 | €1,144 | +€662 | +137.3% |
| Gross operating margin | 9900 | €1,073 | €29,694 | +€28,621 | +2667.4% |
| Operating profit (loss) | 9901 | €591 | €28,550 | +€27,959 | +4730.8% |
| Financial charges | 65/66B | €85 | €1,165 | +€1,080 | +1270.6% |
| Recurring financial charges | 65 | €85 | €1,165 | +€1,080 | +1270.6% |
| Profit (loss) for the period before taxes | 9903 | €506 | €27,385 | +€26,879 | +5312.1% |
| Income taxes | 67/77 | - | €7,788 | +€7,788 | |
| Profit (loss) for the period | 9904 | €506 | €19,597 | +€19,091 | +3772.9% |
| Profit (loss) for the period to be appropriated | 9905 | €506 | €19,597 | +€19,091 | +3772.9% |
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 5 October 2026 via checked.be.