Syndica: 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.
Syndica
Largest movements
- Cash +€160,662
up €160,662 (+410%), from €39,219 to €199,881
mainly Net result for the year (+€210,505) and Other debts (+€200,000)
- Deferred charges and accrued income +€113,911
up €113,911 (+2,444%), from €4,661 to €118,572
- Receivables within one year +€104,938
up €104,938 (+32.8%), from €319,851 to €424,789
of which Other amounts receivable: +€109,845
- Financial fixed assets +€30,000
new in 2025: €30,000
- Other debts +€200,000
new in 2025: €200,000
- Debts after one year +€51,087
up €51,087 (+88.8%), from €57,531 to €108,618
- Tax, wage and social debts +€50,312
up €50,312 (+83.7%), from €60,083 to €110,394
of which Remuneration and social security: +€29,097
- Short-term financial debts +€41,648
up €41,648 (+99.5%), from €41,845 to €83,493
- Accrued charges and deferred income +€33,252
new in 2025: €33,252
- Gross operating margin +€425,550
up €425,550 (+84.7%), from €502,434 to €927,984
- Staff costs +€262,790
up €262,790 (+77.3%), from €339,756 to €602,545
- Taxes +€37,021
up €37,021 (+82.2%), from €45,061 to €82,082
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 | €435,698 | €844,870 | +€409,172 | +93.9% |
| Fixed assets | 21/28 | €71,967 | €101,628 | +€29,661 | +41.2% |
| Intangible fixed assets | 21 | €25,303 | €29,390 | +€4,087 | +16.2% |
| Tangible fixed assets | 22/27 | €46,664 | €42,238 | -€4,426 | -9.5% |
| Plant, machinery and equipment | 23 | €8,792 | €12,693 | +€3,901 | +44.4% |
| Furniture and vehicles | 24 | €34,151 | €27,024 | -€7,127 | -20.9% |
| Other tangible fixed assets | 26 | €3,721 | €2,521 | -€1,200 | -32.3% |
| Financial fixed assets | 28 | - | €30,000 | +€30,000 | |
| Current assets | 29/58 | €363,731 | €743,243 | +€379,512 | +104% |
| Amounts receivable within one year | 40/41 | €319,851 | €424,789 | +€104,938 | +32.8% |
| Trade receivables | 40 | €37,286 | €32,379 | -€4,907 | -13.2% |
| Other amounts receivable | 41 | €282,564 | €392,410 | +€109,845 | +38.9% |
| Cash at bank and in hand | 54/58 | €39,219 | €199,881 | +€160,662 | +410% |
| Deferred charges and accrued income | 490/1 | €4,661 | €118,572 | +€113,911 | +2,444% |
| Total equity and liabilities | 10/49 | €435,698 | €844,870 | +€409,172 | +93.9% |
| Equity | 10/15 | €211,317 | €221,822 | +€10,505 | +5.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,317 | €211,822 | +€10,505 | +5.2% |
| Amounts payable | 17/49 | €224,381 | €623,048 | +€398,667 | +178% |
| Amounts payable after more than one year | 17 | €57,531 | €108,618 | +€51,087 | +88.8% |
| Financial debts | 170/4 | €57,531 | €108,618 | +€51,087 | +88.8% |
| Amounts payable within one year | 42/48 | €166,850 | €481,178 | +€314,328 | +188% |
| Current portion of amounts payable after more than one year | 42 | €14,572 | €31,697 | +€17,124 | +118% |
| Financial debts | 43 | €41,845 | €83,493 | +€41,648 | +99.5% |
| Credit institutions | 430/8 | €41,845 | €83,493 | +€41,648 | +99.5% |
| Trade debts | 44 | €50,350 | €55,594 | +€5,244 | +10.4% |
| Suppliers | 440/4 | €50,350 | €55,594 | +€5,244 | +10.4% |
| Taxes, remuneration and social security | 45 | €60,083 | €110,394 | +€50,312 | +83.7% |
| Taxes | 450/3 | €21,650 | €42,865 | +€21,214 | +98.0% |
| Remuneration and social security | 454/9 | €38,432 | €67,530 | +€29,097 | +75.7% |
| Other amounts payable | 47/48 | - | €200,000 | +€200,000 | |
| Accrued charges and deferred income | 492/3 | - | €33,252 | +€33,252 | |
| Remuneration, social security and pensions | 62 | €339,756 | €602,545 | +€262,790 | +77.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,098 | €19,637 | +€8,539 | +76.9% |
| Other operating charges | 640/8 | €2,996 | €3,544 | +€548 | +18.3% |
| Gross operating margin | 9900 | €502,434 | €927,984 | +€425,550 | +84.7% |
| Operating profit (loss) | 9901 | €148,584 | €302,257 | +€153,673 | +103% |
| Financial income | 75/76B | - | €148 | +€148 | |
| Recurring financial income | 75 | - | €148 | +€148 | |
| Financial charges | 65/66B | €7,853 | €9,818 | +€1,965 | +25.0% |
| Recurring financial charges | 65 | €7,853 | €9,818 | +€1,965 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €140,731 | €292,587 | +€151,856 | +108% |
| Income taxes | 67/77 | €45,061 | €82,082 | +€37,021 | +82.2% |
| Profit (loss) for the period | 9904 | €95,670 | €210,505 | +€114,835 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €95,670 | €210,505 | +€114,835 | +120% |
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 31 October 2026 via checked.be.