Syndicas: 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.
Syndicas
Largest movements
- Cash +€17,067
up €17,067 (+75.8%), from €22,515 to €39,583
mainly Net result for the year (+€11,313) and Tax, wage and social debts (+€4,475)
- Receivables within one year -€2,804
down €2,804 (-6.0%), from €47,016 to €44,212
of which Other amounts receivable: -€3,153
- Deferred charges and accrued income +€2,273
new in 2025: €2,273
- Profit (loss) carried forward +€11,313
up €11,313 (+17.6%), from €64,418 to €75,731
- Tax, wage and social debts +€4,475
up €4,475 (+910%), from €492 to €4,966
of which Taxes: +€3,462
- Gross operating margin +€32,917
up €32,917 (+272%), from €12,080 to €44,998
- Staff costs +€19,942
new in 2025: €19,942
- Taxes +€3,489
up €3,489 (+418%), from €834 to €4,323
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 | €69,772 | €86,067 | +€16,295 | +23.4% |
| Fixed assets | 21/28 | €241 | €0 | -€241 | -100% |
| Tangible fixed assets | 22/27 | €241 | €0 | -€241 | -100% |
| Furniture and vehicles | 24 | €241 | €0 | -€241 | -100% |
| Current assets | 29/58 | €69,531 | €86,067 | +€16,536 | +23.8% |
| Amounts receivable within one year | 40/41 | €47,016 | €44,212 | -€2,804 | -6.0% |
| Trade receivables | 40 | €42,193 | €42,542 | +€349 | +0.8% |
| Other amounts receivable | 41 | €4,823 | €1,670 | -€3,153 | -65.4% |
| Cash at bank and in hand | 54/58 | €22,515 | €39,583 | +€17,067 | +75.8% |
| Deferred charges and accrued income | 490/1 | - | €2,273 | +€2,273 | |
| Total equity and liabilities | 10/49 | €69,772 | €86,067 | +€16,295 | +23.4% |
| Equity | 10/15 | €67,388 | €78,701 | +€11,313 | +16.8% |
| Contributions | 10/11 | €2,970 | €2,970 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,418 | €75,731 | +€11,313 | +17.6% |
| Amounts payable | 17/49 | €2,384 | €7,366 | +€4,982 | +209% |
| Amounts payable within one year | 42/48 | €2,384 | €7,234 | +€4,850 | +203% |
| Trade debts | 44 | €67 | €531 | +€464 | +698% |
| Suppliers | 440/4 | €67 | €531 | +€464 | +698% |
| Advances received on contracts in progress | 46 | €1,826 | €1,737 | -€89 | -4.9% |
| Taxes, remuneration and social security | 45 | €492 | €4,966 | +€4,475 | +910% |
| Taxes | 450/3 | €492 | €3,953 | +€3,462 | +704% |
| Remuneration and social security | 454/9 | - | €1,013 | +€1,013 | |
| Accrued charges and deferred income | 492/3 | - | €132 | +€132 | |
| Remuneration, social security and pensions | 62 | - | €19,942 | +€19,942 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €412 | €241 | -€172 | -41.6% |
| Other operating charges | 640/8 | €8,957 | €9,018 | +€60 | +0.7% |
| Gross operating margin | 9900 | €12,080 | €44,998 | +€32,917 | +272% |
| Operating profit (loss) | 9901 | €2,711 | €15,798 | +€13,087 | +483% |
| Financial charges | 65/66B | €109 | €161 | +€52 | +47.2% |
| Recurring financial charges | 65 | €109 | €161 | +€52 | +47.2% |
| Profit (loss) for the period before taxes | 9903 | €2,601 | €15,637 | +€13,035 | +501% |
| Income taxes | 67/77 | €834 | €4,323 | +€3,489 | +418% |
| Profit (loss) for the period | 9904 | €1,768 | €11,313 | +€9,546 | +540% |
| Profit (loss) for the period to be appropriated | 9905 | €1,768 | €11,313 | +€9,546 | +540% |
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 19 October 2026 via checked.be.