SYNDX WALLONIE: what changed
SYNDX WALLONIE
Largest movements
- Tangible fixed assets +€545,796
up €545,796 (+204%), from €267,960 to €813,756
of which Land and buildings: +€547,549
- Receivables within one year -€9,598
down €9,598 (-43.3%), from €22,176 to €12,578
of which Other amounts receivable: -€15,000
- Debts after one year +€594,130
up €594,130 (+336%), from €176,888 to €771,018
of which Financial debts: +€407,130
- Other debts -€56,211
down €56,211 (-91.3%), from €61,568 to €5,357
- Profit (loss) carried forward -€24,542
down €24,542 (-125%), from -€19,632 to -€44,174
- Current portion of long-term debt +€23,514
up €23,514 (+122%), from €19,210 to €42,724
- Depreciation +€53,492
up €53,492 (+232%), from €23,064 to €76,556
- Gross operating margin +€31,962
up €31,962 (+106%), from €30,147 to €62,109
- Financial charges +€3,009
up €3,009 (+75.7%), from €3,976 to €6,985
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €290,479 | €829,985 | +€539,506 | +186% |
| Fixed assets | 21/28 | €267,960 | €813,756 | +€545,796 | +204% |
| Tangible fixed assets | 22/27 | €267,960 | €813,756 | +€545,796 | +204% |
| Land and buildings | 22 | €264,999 | €812,548 | +€547,549 | +207% |
| Plant, machinery and equipment | 23 | €2,961 | - | -€2,961 | |
| Furniture and vehicles | 24 | - | €1,208 | +€1,208 | |
| Current assets | 29/58 | €22,519 | €16,229 | -€6,290 | -27.9% |
| Amounts receivable within one year | 40/41 | €22,176 | €12,578 | -€9,598 | -43.3% |
| Trade receivables | 40 | €7,176 | €12,578 | +€5,402 | +75.3% |
| Other amounts receivable | 41 | €15,000 | - | -€15,000 | |
| Cash at bank and in hand | 54/58 | €343 | €3,652 | +€3,309 | +965% |
| Total equity and liabilities | 10/49 | €290,479 | €829,985 | +€539,506 | +186% |
| Equity | 10/15 | €29,428 | €4,886 | -€24,542 | -83.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €42,860 | €42,860 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €42,860 | - | -€42,860 | |
| Other | 1319 | €42,860 | - | -€42,860 | |
| Distributable reserves | 133 | - | €42,860 | +€42,860 | |
| Profit (loss) carried forward | 14 | -€19,632 | -€44,174 | -€24,542 | -125% |
| Amounts payable | 17/49 | €261,051 | €825,099 | +€564,048 | +216% |
| Amounts payable after more than one year | 17 | €176,888 | €771,018 | +€594,130 | +336% |
| Financial debts | 170/4 | €176,888 | €584,018 | +€407,130 | +230% |
| Other amounts payable | 178/9 | - | €187,000 | +€187,000 | |
| Amounts payable within one year | 42/48 | €84,163 | €54,081 | -€30,082 | -35.7% |
| Current portion of amounts payable after more than one year | 42 | €19,210 | €42,724 | +€23,514 | +122% |
| Trade debts | 44 | €385 | - | -€385 | |
| Suppliers | 440/4 | €385 | - | -€385 | |
| Taxes, remuneration and social security | 45 | €3,000 | €6,000 | +€3,000 | +100% |
| Taxes | 450/3 | €3,000 | €6,000 | +€3,000 | +100% |
| Other amounts payable | 47/48 | €61,568 | €5,357 | -€56,211 | -91.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,064 | €76,556 | +€53,492 | +232% |
| Other operating charges | 640/8 | €2,912 | €2,914 | +€2 | +0.1% |
| Gross operating margin | 9900 | €30,147 | €62,109 | +€31,962 | +106% |
| Operating profit (loss) | 9901 | €4,171 | -€17,361 | -€21,532 | |
| Financial charges | 65/66B | €3,976 | €6,985 | +€3,009 | +75.7% |
| Recurring financial charges | 65 | €3,976 | €6,985 | +€3,009 | +75.7% |
| Profit (loss) for the period before taxes | 9903 | €195 | -€24,347 | -€24,542 | |
| Profit (loss) for the period | 9904 | €195 | -€24,347 | -€24,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €195 | -€24,347 | -€24,542 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.