Syndic Concept: 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.
Syndic Concept
Largest movements
- Receivables within one year +€33,322
up €33,322 (+232.2%), from €14,351 to €47,673
of which Trade receivables: +€45,015
- Tangible fixed assets +€3,665
up €3,665 (+286.6%), from €1,279 to €4,944
of which Plant, machinery and equipment: +€2,260
- Cash -€2,010
down €2,010 (-21.7%), from €9,245 to €7,235
mainly Receivables within one year (-€33,322) and Accrued charges and deferred income (-€12,560)
- Deferred charges and accrued income +€1,074
up €1,074 (+78.2%), from €1,375 to €2,449
- Profit (loss) carried forward +€35,928
up €35,928 (+62.0%), from -€57,960 to -€22,032
- Accrued charges and deferred income -€12,560
no longer reported in 2025 (was €12,560)
- Tax, wage and social debts +€9,514
up €9,514 (+364.5%), from €2,610 to €12,124
of which Remuneration and social security: +€9,220
- Trade debts +€2,826
up €2,826 (+4.5%), from €62,839 to €65,665
- Gross operating margin +€159,224
up €159,224, from -€16,809 to €142,415
- Staff costs +€68,082
up €68,082 (+350.1%), from €19,449 to €87,531
- Other operating charges +€3,330
up €3,330 (+23.1%), from €14,437 to €17,768
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 | €26,249 | €62,301 | +€36,051 | +137.3% |
| Fixed assets | 21/28 | €1,279 | €4,944 | +€3,665 | +286.6% |
| Tangible fixed assets | 22/27 | €1,279 | €4,944 | +€3,665 | +286.6% |
| Plant, machinery and equipment | 23 | €1,279 | €3,539 | +€2,260 | +176.7% |
| Furniture and vehicles | 24 | - | €1,405 | +€1,405 | |
| Current assets | 29/58 | €24,971 | €57,357 | +€32,386 | +129.7% |
| Amounts receivable within one year | 40/41 | €14,351 | €47,673 | +€33,322 | +232.2% |
| Trade receivables | 40 | €2,521 | €47,536 | +€45,015 | +1785.3% |
| Other amounts receivable | 41 | €11,830 | €137 | -€11,693 | -98.8% |
| Cash at bank and in hand | 54/58 | €9,245 | €7,235 | -€2,010 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,375 | €2,449 | +€1,074 | +78.2% |
| Total equity and liabilities | 10/49 | €26,249 | €62,301 | +€36,051 | +137.3% |
| Equity | 10/15 | -€51,760 | -€15,832 | +€35,928 | +69.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,960 | -€22,032 | +€35,928 | +62.0% |
| Amounts payable | 17/49 | €78,009 | €78,133 | +€124 | +0.2% |
| Amounts payable within one year | 42/48 | €65,449 | €78,133 | +€12,684 | +19.4% |
| Trade debts | 44 | €62,839 | €65,665 | +€2,826 | +4.5% |
| Suppliers | 440/4 | €62,839 | €65,665 | +€2,826 | +4.5% |
| Taxes, remuneration and social security | 45 | €2,610 | €12,124 | +€9,514 | +364.5% |
| Taxes | 450/3 | €120 | €414 | +€294 | +244.9% |
| Remuneration and social security | 454/9 | €2,490 | €11,710 | +€9,220 | +370.3% |
| Other amounts payable | 47/48 | - | €344 | +€344 | |
| Accrued charges and deferred income | 492/3 | €12,560 | - | -€12,560 | |
| Non-recurring operating income | 76A | €264 | - | -€264 | |
| Remuneration, social security and pensions | 62 | €19,449 | €87,531 | +€68,082 | +350.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €299 | €885 | +€586 | +196.1% |
| Other operating charges | 640/8 | €14,437 | €17,768 | +€3,330 | +23.1% |
| Gross operating margin | 9900 | -€16,809 | €142,415 | +€159,224 | |
| Operating profit (loss) | 9901 | -€50,994 | €36,232 | +€87,226 | |
| Financial income | 75/76B | €21 | €0 | -€21 | -98.5% |
| Recurring financial income | 75 | €21 | €0 | -€21 | -98.5% |
| Financial charges | 65/66B | €147 | €165 | +€17 | +11.7% |
| Recurring financial charges | 65 | €147 | €165 | +€17 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | -€51,120 | €36,067 | +€87,187 | |
| Income taxes | 67/77 | €120 | €140 | +€20 | +16.3% |
| Profit (loss) for the period | 9904 | -€51,240 | €35,928 | +€87,168 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,240 | €35,928 | +€87,168 |
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 10 October 2026 via checked.be.