SYNDIC EPI: 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 EPI
Largest movements
- Receivables within one year +€6,230
up €6,230 (+30.6%), from €20,384 to €26,614
of which Trade receivables: +€6,230
- Tangible fixed assets -€1,795
down €1,795 (-66.3%), from €2,706 to €911
- Cash -€777
down €777 (-93.8%), from €828 to €51
mainly Receivables within one year (-€6,230) and Other debts (-€4,174)
- Deferred charges and accrued income +€519
up €519, from €0 to €519
- Tax, wage and social debts +€13,270
up €13,270 (+31.5%), from €42,126 to €55,397
of which Taxes: +€16,627
- Other debts -€4,174
down €4,174 (-31.8%), from €13,121 to €8,947
- Profit (loss) carried forward -€3,461
down €3,461 (-6.0%), from -€57,542 to -€61,003
- Trade debts -€1,457
down €1,457 (-8.0%), from €18,153 to €16,696
- Gross operating margin +€12,708
up €12,708 (+13.1%), from €97,127 to €109,835
- Staff costs -€2,542
down €2,542 (-2.3%), from €109,207 to €106,665
- Write-downs +€2,166
new in 2024: €2,166
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €23,918 | €28,096 | +€4,178 | +17.5% |
| Fixed assets | 21/28 | €2,706 | €911 | -€1,795 | -66.3% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €2,706 | €911 | -€1,795 | -66.3% |
| Furniture and vehicles | 24 | €2,706 | €911 | -€1,795 | -66.3% |
| Current assets | 29/58 | €21,212 | €27,185 | +€5,973 | +28.2% |
| Amounts receivable within one year | 40/41 | €20,384 | €26,614 | +€6,230 | +30.6% |
| Trade receivables | 40 | €7,067 | €13,298 | +€6,230 | +88.2% |
| Other amounts receivable | 41 | €13,316 | €13,316 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €828 | €51 | -€777 | -93.8% |
| Deferred charges and accrued income | 490/1 | €0 | €519 | +€519 | |
| Total equity and liabilities | 10/49 | €23,918 | €28,096 | +€4,178 | +17.5% |
| Equity | 10/15 | -€49,482 | -€52,943 | -€3,461 | -7.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,542 | -€61,003 | -€3,461 | -6.0% |
| Amounts payable | 17/49 | €73,400 | €81,039 | +€7,639 | +10.4% |
| Amounts payable within one year | 42/48 | €73,400 | €81,039 | +€7,639 | +10.4% |
| Trade debts | 44 | €18,153 | €16,696 | -€1,457 | -8.0% |
| Suppliers | 440/4 | €18,153 | €16,696 | -€1,457 | -8.0% |
| Taxes, remuneration and social security | 45 | €42,126 | €55,397 | +€13,270 | +31.5% |
| Taxes | 450/3 | €1,895 | €18,522 | +€16,627 | +877% |
| Remuneration and social security | 454/9 | €40,231 | €36,874 | -€3,357 | -8.3% |
| Other amounts payable | 47/48 | €13,121 | €8,947 | -€4,174 | -31.8% |
| Remuneration, social security and pensions | 62 | €109,207 | €106,665 | -€2,542 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,795 | €1,795 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,166 | +€2,166 | |
| Other operating charges | 640/8 | €1,290 | €2,027 | +€737 | +57.1% |
| Gross operating margin | 9900 | €97,127 | €109,835 | +€12,708 | +13.1% |
| Operating profit (loss) | 9901 | -€15,164 | -€2,817 | +€12,347 | +81.4% |
| Financial income | 75/76B | €58 | €6 | -€52 | -89.8% |
| Recurring financial income | 75 | €58 | €6 | -€52 | -89.8% |
| Financial charges | 65/66B | €515 | €650 | +€135 | +26.2% |
| Recurring financial charges | 65 | €515 | €650 | +€135 | +26.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,621 | -€3,461 | +€12,160 | +77.8% |
| Profit (loss) for the period | 9904 | -€15,621 | -€3,461 | +€12,160 | +77.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,621 | -€3,461 | +€12,160 | +77.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.