SYNDIC BEHEER: what changed
What changed
SYNDIC BEHEER
NACE 81.100, Combined facilities support activities
filed annual accounts (NBB)
Net result for the year
€40,385
2025 · €62,676-€22,292
Equity
€173,509
2025 · €133,125+€40,385
Cash
€50,502
2025 · €4,337+€46,164
Balance sheet total
€382,172
2025 · €631,208-€249,035
Largest movements
Assets
- Receivables within one year -€287,496
down €287,496 (-85.4%), from €336,683 to €49,186
of which Other amounts receivable: -€256,908
- Cash +€46,164
up €46,164 (+1,064%), from €4,337 to €50,502
mainly Receivables within one year (+€287,496) and Net result for the year (+€40,385)
- Tangible fixed assets -€24,385
down €24,385 (-8.6%), from €283,452 to €259,067
of which Other tangible fixed assets: -€12,872
- Deferred charges and accrued income +€16,682
up €16,682 (+248%), from €6,735 to €23,417
Equity and liabilities
- Other debts -€300,000
no longer reported in 2026 (was €300,000)
- Profit (loss) carried forward +€40,385
up €40,385 (+497%), from €8,125 to €48,509
- Debts after one year -€36,275
down €36,275 (-42.5%), from €85,265 to €48,990
- Current portion of long-term debt +€27,781
up €27,781 (+78.0%), from €35,606 to €63,388
- Trade debts +€21,460
up €21,460 (+67.5%), from €31,787 to €53,247
Income statement
- Staff costs +€112,317
up €112,317 (+32.5%), from €345,486 to €457,804
- Gross operating margin +€86,795
up €86,795 (+18.6%), from €466,125 to €552,920
Change in the result, 2025 to 2026
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 2025
€62,676
Gross operating margin
+€86,795
Staff costs
-€112,317
Depreciation
-€175
Other operating charges
+€769
Financial income
-€3,031
Financial charges
+€1,297
Taxes
+€4,370
Result 2026
€40,385
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€72,960
Investment
-€4,802
Financing
-€21,994
Cash 2025
€4,337
From operations (derived)
+€72,960
Net result for the year
+€40,385
Depreciation
+€29,187
Receivables within one year
+€287,496
Deferred charges and accrued income
-€16,682
Trade debts
+€21,460
Tax, wage and social debts
+€10,864
Advances received
+€250
Other debts
-€300,000
Investment (derived)
-€4,802
Investment in fixed assets (net)
-€4,802
Financing
-€21,994
Debts after one year
-€36,275
Current portion of long-term debt
+€27,781
Short-term financial debts
-€13,500
Cash 2026
€50,502
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €631,208 | €382,172 | -€249,035 | -39.5% |
| Fixed assets | 21/28 | €283,452 | €259,067 | -€24,385 | -8.6% |
| Tangible fixed assets | 22/27 | €283,452 | €259,067 | -€24,385 | -8.6% |
| Land and buildings | 22 | €158,781 | €154,262 | -€4,519 | -2.8% |
| Furniture and vehicles | 24 | €29,020 | €22,027 | -€6,993 | -24.1% |
| Other tangible fixed assets | 26 | €95,651 | €82,778 | -€12,872 | -13.5% |
| Current assets | 29/58 | €347,755 | €123,105 | -€224,650 | -64.6% |
| Amounts receivable within one year | 40/41 | €336,683 | €49,186 | -€287,496 | -85.4% |
| Trade receivables | 40 | €40,704 | €10,116 | -€30,589 | -75.1% |
| Other amounts receivable | 41 | €295,978 | €39,071 | -€256,908 | -86.8% |
| Cash at bank and in hand | 54/58 | €4,337 | €50,502 | +€46,164 | +1,064% |
| Deferred charges and accrued income | 490/1 | €6,735 | €23,417 | +€16,682 | +248% |
| Total equity and liabilities | 10/49 | €631,208 | €382,172 | -€249,035 | -39.5% |
| Equity | 10/15 | €133,125 | €173,509 | +€40,385 | +30.3% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,125 | €48,509 | +€40,385 | +497% |
| Amounts payable | 17/49 | €498,083 | €208,663 | -€289,420 | -58.1% |
| Amounts payable after more than one year | 17 | €85,265 | €48,990 | -€36,275 | -42.5% |
| Financial debts | 170/4 | €85,265 | €48,990 | -€36,275 | -42.5% |
| Amounts payable within one year | 42/48 | €412,818 | €159,673 | -€253,145 | -61.3% |
| Current portion of amounts payable after more than one year | 42 | €35,606 | €63,388 | +€27,781 | +78.0% |
| Financial debts | 43 | €13,500 | - | -€13,500 | |
| Credit institutions | 430/8 | €13,500 | - | -€13,500 | |
| Trade debts | 44 | €31,787 | €53,247 | +€21,460 | +67.5% |
| Suppliers | 440/4 | €31,787 | €53,247 | +€21,460 | +67.5% |
| Advances received on contracts in progress | 46 | €1,061 | €1,311 | +€250 | +23.6% |
| Taxes, remuneration and social security | 45 | €30,863 | €41,727 | +€10,864 | +35.2% |
| Taxes | 450/3 | €8,062 | €4,474 | -€3,588 | -44.5% |
| Remuneration and social security | 454/9 | €22,801 | €37,253 | +€14,452 | +63.4% |
| Other amounts payable | 47/48 | €300,000 | - | -€300,000 | |
| Remuneration, social security and pensions | 62 | €345,486 | €457,804 | +€112,317 | +32.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,012 | €29,187 | +€175 | +0.6% |
| Other operating charges | 640/8 | €2,992 | €2,223 | -€769 | -25.7% |
| Gross operating margin | 9900 | €466,125 | €552,920 | +€86,795 | +18.6% |
| Operating profit (loss) | 9901 | €88,635 | €63,707 | -€24,928 | -28.1% |
| Financial income | 75/76B | €5,193 | €2,162 | -€3,031 | -58.4% |
| Recurring financial income | 75 | €5,193 | €2,162 | -€3,031 | -58.4% |
| Financial charges | 65/66B | €6,971 | €5,674 | -€1,297 | -18.6% |
| Recurring financial charges | 65 | €6,971 | €5,674 | -€1,297 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €86,857 | €60,195 | -€26,662 | -30.7% |
| Income taxes | 67/77 | €24,181 | €19,811 | -€4,370 | -18.1% |
| Profit (loss) for the period | 9904 | €62,676 | €40,385 | -€22,292 | -35.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,676 | €40,385 | -€22,292 | -35.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.