Syndicate One: what changed
Two fiscal 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.
Syndicate One
Largest movements
- Current investments +€844,951
up €844,951 (+563.1%), from €150,049 to €995,000
- Cash +€121,840
up €121,840 (+1534.4%), from €7,941 to €129,781
mainly Net result for the year (+€976,876) and Other debts (+€883,200)
- Financial fixed assets -€33,098
down €33,098 (-8.9%), from €371,349 to €338,251
- Other debts +€883,200
up €883,200 (+1971.4%), from €44,800 to €928,000
- Reserves +€48,876
up €48,876 (+1397.0%), from €3,499 to €52,374
of which Non-distributable reserves: +€48,876
- Financial income +€891,784
up €891,784 (+920.5%), from €96,883 to €988,667
of which Non-recurring financial income: +€985,862
- Gross operating margin +€2,423
up €2,423 (+17.9%), from -€13,559 to -€11,136
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 | €529,967 | €1,464,531 | +€934,565 | +176.3% |
| Fixed assets | 21/28 | €371,349 | €338,251 | -€33,098 | -8.9% |
| Financial fixed assets | 28 | €371,349 | €338,251 | -€33,098 | -8.9% |
| Current assets | 29/58 | €158,618 | €1,126,280 | +€967,663 | +610.1% |
| Amounts receivable within one year | 40/41 | €401 | €842 | +€440 | +109.8% |
| Other amounts receivable | 41 | €401 | €842 | +€440 | +109.8% |
| Current investments | 50/53 | €150,049 | €995,000 | +€844,951 | +563.1% |
| Cash at bank and in hand | 54/58 | €7,941 | €129,781 | +€121,840 | +1534.4% |
| Deferred charges and accrued income | 490/1 | €226 | €658 | +€432 | +190.8% |
| Total equity and liabilities | 10/49 | €529,967 | €1,464,531 | +€934,565 | +176.3% |
| Equity | 10/15 | €479,499 | €528,374 | +€48,876 | +10.2% |
| Contributions | 10/11 | €476,000 | €476,000 | = | 0.0% |
| Capital | 10 | €476,000 | €476,000 | = | 0.0% |
| Issued capital | 100 | €800,000 | €800,000 | = | 0.0% |
| Uncalled capital | 101 | €324,000 | €324,000 | = | 0.0% |
| Reserves | 13 | €3,499 | €52,374 | +€48,876 | +1397.0% |
| Non-distributable reserves | 130/1 | - | €48,876 | +€48,876 | |
| Legal reserve | 130 | - | €48,876 | +€48,876 | |
| Distributable reserves | 133 | €3,499 | €3,499 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €50,468 | €936,157 | +€885,689 | +1755.0% |
| Amounts payable within one year | 42/48 | €50,400 | €935,959 | +€885,559 | +1757.1% |
| Trade debts | 44 | €5,600 | €7,959 | +€2,359 | +42.1% |
| Suppliers | 440/4 | €5,600 | €7,959 | +€2,359 | +42.1% |
| Other amounts payable | 47/48 | €44,800 | €928,000 | +€883,200 | +1971.4% |
| Accrued charges and deferred income | 492/3 | €68 | €197 | +€129 | +190.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€13,559 | -€11,136 | +€2,423 | +17.9% |
| Operating profit (loss) | 9901 | -€13,946 | -€11,535 | +€2,411 | +17.3% |
| Financial income | 75/76B | €96,883 | €988,667 | +€891,784 | +920.5% |
| Recurring financial income | 75 | €96,883 | €2,805 | -€94,078 | -97.1% |
| Non-recurring financial income | 76B | - | €985,862 | +€985,862 | |
| Financial charges | 65/66B | €210 | €256 | +€46 | +21.9% |
| Recurring financial charges | 65 | €210 | €256 | +€46 | +21.9% |
| Profit (loss) for the period before taxes | 9903 | €82,727 | €976,876 | +€894,148 | +1080.8% |
| Profit (loss) for the period | 9904 | €82,727 | €976,876 | +€894,148 | +1080.8% |
| Profit (loss) for the period to be appropriated | 9905 | €82,727 | €976,876 | +€894,148 | +1080.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.