SYNDICIMMO: 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.
SYNDICIMMO
Largest movements
- Receivables within one year +€64,496
up €64,496 (+260.2%), from €24,784 to €89,280
of which Other amounts receivable: +€37,401
- Cash -€14,120
down €14,120 (-33.0%), from €42,749 to €28,629
- Reserves +€50,927
up €50,927 (+106.9%), from €47,642 to €98,569
of which Distributable reserves: +€52,786
- Other debts -€4,995
no longer reported in 2025 (was €4,995)
- Trade debts +€2,226
up €2,226 (+62.5%), from €3,560 to €5,785
- Tax, wage and social debts +€1,939
up €1,939 (+29.2%), from €6,649 to €8,588
of which Taxes: +€3,956
- Gross operating margin +€8,262
up €8,262 (+39.0%), from €21,207 to €29,469
- Taxes +€3,956
up €3,956 (+85.4%), from €4,633 to €8,588
- Other operating charges -€2,747
down €2,747 (-83.8%), from €3,279 to €531
- Financial income +€2,015
new in 2025: €2,015
- Depreciation +€761
up €761 (+177.5%), from €429 to €1,190
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,045 | €119,142 | +€50,097 | +72.6% |
| Fixed assets | 21/28 | €1,512 | €1,233 | -€279 | -18.5% |
| Tangible fixed assets | 22/27 | €1,512 | €1,233 | -€279 | -18.5% |
| Furniture and vehicles | 24 | €1,512 | €1,233 | -€279 | -18.5% |
| Current assets | 29/58 | €67,533 | €117,909 | +€50,376 | +74.6% |
| Amounts receivable within one year | 40/41 | €24,784 | €89,280 | +€64,496 | +260.2% |
| Trade receivables | 40 | €24,784 | €51,879 | +€27,095 | +109.3% |
| Other amounts receivable | 41 | - | €37,401 | +€37,401 | |
| Cash at bank and in hand | 54/58 | €42,749 | €28,629 | -€14,120 | -33.0% |
| Total equity and liabilities | 10/49 | €69,045 | €119,142 | +€50,097 | +72.6% |
| Equity | 10/15 | €53,842 | €104,769 | +€50,927 | +94.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47,642 | €98,569 | +€50,927 | +106.9% |
| Non-distributable reserves | 130/1 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | €1,859 | - | -€1,859 | |
| Distributable reserves | 133 | €45,783 | €98,569 | +€52,786 | +115.3% |
| Amounts payable | 17/49 | €15,203 | €14,374 | -€830 | -5.5% |
| Amounts payable within one year | 42/48 | €15,203 | €14,374 | -€830 | -5.5% |
| Trade debts | 44 | €3,560 | €5,785 | +€2,226 | +62.5% |
| Suppliers | 440/4 | €3,560 | €5,785 | +€2,226 | +62.5% |
| Taxes, remuneration and social security | 45 | €6,649 | €8,588 | +€1,939 | +29.2% |
| Taxes | 450/3 | €4,633 | €8,588 | +€3,956 | +85.4% |
| Remuneration and social security | 454/9 | €2,017 | - | -€2,017 | |
| Other amounts payable | 47/48 | €4,995 | - | -€4,995 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €1,190 | +€761 | +177.5% |
| Other operating charges | 640/8 | €3,279 | €531 | -€2,747 | -83.8% |
| Gross operating margin | 9900 | €21,207 | €29,469 | +€8,262 | +39.0% |
| Operating profit (loss) | 9901 | €17,500 | €27,748 | +€10,248 | +58.6% |
| Financial income | 75/76B | - | €2,015 | +€2,015 | |
| Recurring financial income | 75 | - | €2,015 | +€2,015 | |
| Financial charges | 65/66B | €514 | €77 | -€437 | -85.1% |
| Recurring financial charges | 65 | €514 | €77 | -€437 | -85.1% |
| Profit (loss) for the period before taxes | 9903 | €16,986 | €29,686 | +€12,700 | +74.8% |
| Income taxes | 67/77 | €4,633 | €8,588 | +€3,956 | +85.4% |
| Profit (loss) for the period | 9904 | €12,353 | €21,098 | +€8,744 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,353 | €21,098 | +€8,744 | +70.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.