SYNIDAL ASSOCIATES: 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.
SYNIDAL ASSOCIATES
Largest movements
- Receivables within one year +€478,067
up €478,067 (+110.6%), from €432,294 to €910,362
- Cash -€177,228
down €177,228 (-24.4%), from €725,327 to €548,099
mainly Contributions, distributions and other (-€1.2m) and Receivables within one year (-€478,067)
- Intangible fixed assets -€100,000
down €100,000 (-57.1%), from €175,000 to €75,000
- Deferred charges and accrued income -€21,966
down €21,966 (-20.6%), from €106,669 to €84,703
- Other debts +€330,859
up €330,859 (+62.8%), from €526,877 to €857,736
- Profit (loss) carried forward -€297,850
no longer reported in 2025 (was €297,850)
- Tax, wage and social debts +€114,361
up €114,361 (+71.5%), from €159,865 to €274,226
of which Taxes: +€115,687
- Debts after one year +€49,290
new in 2025: €49,290
- Trade debts -€38,512
down €38,512 (-41.3%), from €93,182 to €54,670
- Gross operating margin +€121,148
up €121,148 (+8.7%), from €1.4m to €1.5m
- Staff costs +€28,198
up €28,198 (+15.2%), from €184,963 to €213,160
- Taxes +€20,477
up €20,477 (+7.5%), from €274,440 to €294,916
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 | €1,544,168 | €1,739,278 | +€195,110 | +12.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €279,877 | €196,115 | -€83,762 | -29.9% |
| Intangible fixed assets | 21 | €175,000 | €75,000 | -€100,000 | -57.1% |
| Tangible fixed assets | 22/27 | €104,877 | €121,115 | +€16,238 | +15.5% |
| Land and buildings | 22 | €2,572 | €1,102 | -€1,470 | -57.1% |
| Plant, machinery and equipment | 23 | €97,683 | €78,924 | -€18,759 | -19.2% |
| Furniture and vehicles | 24 | €4,623 | €41,089 | +€36,466 | +788.8% |
| Current assets | 29/58 | €1,264,291 | €1,543,163 | +€278,873 | +22.1% |
| Amounts receivable within one year | 40/41 | €432,294 | €910,362 | +€478,067 | +110.6% |
| Other amounts receivable | 41 | €432,294 | €910,362 | +€478,067 | +110.6% |
| Cash at bank and in hand | 54/58 | €725,327 | €548,099 | -€177,228 | -24.4% |
| Deferred charges and accrued income | 490/1 | €106,669 | €84,703 | -€21,966 | -20.6% |
| Total equity and liabilities | 10/49 | €1,544,168 | €1,739,278 | +€195,110 | +12.6% |
| Equity | 10/15 | €592,324 | €294,475 | -€297,850 | -50.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €275,875 | €275,875 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €72,724 | €72,724 | = | 0.0% |
| Distributable reserves | 133 | €201,290 | €201,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,850 | - | -€297,850 | |
| Amounts payable | 17/49 | €951,844 | €1,444,804 | +€492,960 | +51.8% |
| Amounts payable after more than one year | 17 | - | €49,290 | +€49,290 | |
| Financial debts | 170/4 | - | €49,290 | +€49,290 | |
| Amounts payable within one year | 42/48 | €847,207 | €1,268,791 | +€421,585 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €67,283 | €82,160 | +€14,877 | +22.1% |
| Trade debts | 44 | €93,182 | €54,670 | -€38,512 | -41.3% |
| Suppliers | 440/4 | €93,182 | €54,670 | -€38,512 | -41.3% |
| Taxes, remuneration and social security | 45 | €159,865 | €274,226 | +€114,361 | +71.5% |
| Taxes | 450/3 | €134,484 | €250,171 | +€115,687 | +86.0% |
| Remuneration and social security | 454/9 | €25,382 | €24,055 | -€1,326 | -5.2% |
| Other amounts payable | 47/48 | €526,877 | €857,736 | +€330,859 | +62.8% |
| Accrued charges and deferred income | 492/3 | €104,637 | €126,723 | +€22,086 | +21.1% |
| Remuneration, social security and pensions | 62 | €184,963 | €213,160 | +€28,198 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,443 | €148,629 | +€14,186 | +10.6% |
| Other operating charges | 640/8 | €1,936 | €2,371 | +€435 | +22.5% |
| Gross operating margin | 9900 | €1,398,492 | €1,519,640 | +€121,148 | +8.7% |
| Operating profit (loss) | 9901 | €1,077,151 | €1,155,480 | +€78,329 | +7.3% |
| Financial income | 75/76B | €2,184 | €4,537 | +€2,353 | +107.7% |
| Recurring financial income | 75 | €2,184 | €4,537 | +€2,353 | +107.7% |
| Financial charges | 65/66B | €7,045 | €8,202 | +€1,157 | +16.4% |
| Recurring financial charges | 65 | €7,045 | €8,202 | +€1,157 | +16.4% |
| Profit (loss) for the period before taxes | 9903 | €1,072,290 | €1,151,814 | +€79,525 | +7.4% |
| Income taxes | 67/77 | €274,440 | €294,916 | +€20,477 | +7.5% |
| Profit (loss) for the period | 9904 | €797,850 | €856,898 | +€59,048 | +7.4% |
| Profit (loss) for the period to be appropriated | 9905 | €797,850 | €856,898 | +€59,048 | +7.4% |
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 10 October 2026 via checked.be.