SYNDICUS GENT: 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.
SYNDICUS GENT
Largest movements
- Cash -€14,792
down €14,792 (-61.5%), from €24,066 to €9,274
mainly Other debts (-€30,716) and Investment in fixed assets (net) (-€4,655)
- Receivables within one year -€6,311
down €6,311 (-20.1%), from €31,457 to €25,146
of which Trade receivables: -€6,361
- Financial fixed assets +€2,970
new in 2025: €2,970
- Other debts -€30,716
down €30,716 (-99.3%), from €30,920 to €204
- Profit (loss) carried forward +€12,696
up €12,696 (+91.4%), from -€13,888 to -€1,192
- Reserves -€11,555
down €11,555 (-37.7%), from €30,684 to €19,129
of which Non-distributable reserves: -€28,829
- Tax, wage and social debts +€10,210
up €10,210 (+213.4%), from €4,784 to €14,994
of which Remuneration and social security: +€8,574
- Trade debts +€747
new in 2025: €747
- Staff costs +€13,112
new in 2025: €13,112
- Taxes -€3,907
down €3,907 (-81.7%), from €4,784 to €877
- Gross operating margin +€1,494
up €1,494 (+8.1%), from €18,464 to €19,958
- Other operating charges +€757
up €757 (+536.5%), from €141 to €898
- Financial charges +€378
up €378 (+26.8%), from €1,410 to €1,788
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 | €58,700 | €40,338 | -€18,362 | -31.3% |
| Fixed assets | 21/28 | €3,177 | €5,688 | +€2,511 | +79.1% |
| Tangible fixed assets | 22/27 | €3,177 | €2,718 | -€459 | -14.4% |
| Plant, machinery and equipment | 23 | €2,125 | €1,118 | -€1,007 | -47.4% |
| Furniture and vehicles | 24 | €1,052 | €1,600 | +€548 | +52.1% |
| Financial fixed assets | 28 | - | €2,970 | +€2,970 | |
| Current assets | 29/58 | €55,523 | €34,650 | -€20,873 | -37.6% |
| Amounts receivable within one year | 40/41 | €31,457 | €25,146 | -€6,311 | -20.1% |
| Trade receivables | 40 | €27,840 | €21,479 | -€6,361 | -22.8% |
| Other amounts receivable | 41 | €3,617 | €3,667 | +€50 | +1.4% |
| Cash at bank and in hand | 54/58 | €24,066 | €9,274 | -€14,792 | -61.5% |
| Deferred charges and accrued income | 490/1 | - | €229 | +€229 | |
| Total equity and liabilities | 10/49 | €58,700 | €40,338 | -€18,362 | -31.3% |
| Equity | 10/15 | €22,996 | €24,137 | +€1,141 | +5.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €30,684 | €19,129 | -€11,555 | -37.7% |
| Non-distributable reserves | 130/1 | €30,684 | €1,855 | -€28,829 | -94.0% |
| Other | 1319 | €30,684 | €1,855 | -€28,829 | -94.0% |
| Distributable reserves | 133 | - | €17,274 | +€17,274 | |
| Profit (loss) carried forward | 14 | -€13,888 | -€1,192 | +€12,696 | +91.4% |
| Amounts payable | 17/49 | €35,704 | €16,201 | -€19,503 | -54.6% |
| Amounts payable within one year | 42/48 | €35,704 | €16,201 | -€19,503 | -54.6% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | - | €747 | +€747 | |
| Suppliers | 440/4 | - | €747 | +€747 | |
| Advances received on contracts in progress | 46 | - | €250 | +€250 | |
| Taxes, remuneration and social security | 45 | €4,784 | €14,994 | +€10,210 | +213.4% |
| Taxes | 450/3 | €4,784 | €6,420 | +€1,636 | +34.2% |
| Remuneration and social security | 454/9 | - | €8,574 | +€8,574 | |
| Other amounts payable | 47/48 | €30,920 | €204 | -€30,716 | -99.3% |
| Remuneration, social security and pensions | 62 | - | €13,112 | +€13,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,912 | €2,143 | +€231 | +12.1% |
| Other operating charges | 640/8 | €141 | €898 | +€757 | +536.5% |
| Gross operating margin | 9900 | €18,464 | €19,958 | +€1,494 | +8.1% |
| Operating profit (loss) | 9901 | €16,411 | €3,805 | -€12,606 | -76.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,410 | €1,788 | +€378 | +26.8% |
| Recurring financial charges | 65 | €1,410 | €1,788 | +€378 | +26.8% |
| Profit (loss) for the period before taxes | 9903 | €15,001 | €2,018 | -€12,983 | -86.6% |
| Income taxes | 67/77 | €4,784 | €877 | -€3,907 | -81.7% |
| Profit (loss) for the period | 9904 | €10,217 | €1,140 | -€9,077 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,217 | €1,140 | -€9,077 | -88.8% |
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 5 October 2026 via checked.be.