SYNIDAL IMMOBILIER: 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 IMMOBILIER
Largest movements
- Tangible fixed assets +€839,946
up €839,946 (+35.2%), from €2.4m to €3.2m
of which Land and buildings: +€850,687
- Cash +€692,366
up €692,366 (+960%), from €72,104 to €764,470
mainly Debts after one year (+€856,305) and Other debts (+€723,192)
- Receivables within one year -€97,225
down €97,225 (-86.9%), from €111,878 to €14,653
of which Trade receivables: -€111,688
- Debts after one year +€856,305
up €856,305 (+171%), from €500,542 to €1.4m
of which Financial debts: +€865,108
- Other debts +€723,192
up €723,192 (+404%), from €178,933 to €902,125
- Other operating charges +€95,423
up €95,423 (+158%), from €60,535 to €155,958
- Gross operating margin +€44,792
up €44,792 (+16.3%), from €274,367 to €319,159
- Taxes -€26,049
down €26,049 (-82.9%), from €31,429 to €5,379
- Depreciation +€23,567
up €23,567 (+16.6%), from €142,063 to €165,630
- Provisions -€16,454
new in 2025: -€16,454
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.
Derived cash bridge
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 | €2,583,931 | €4,020,843 | +€1.4m | +55.6% |
| Fixed assets | 21/28 | €2,388,067 | €3,228,013 | +€839,946 | +35.2% |
| Tangible fixed assets | 22/27 | €2,387,803 | €3,227,749 | +€839,946 | +35.2% |
| Land and buildings | 22 | €2,123,610 | €2,974,297 | +€850,687 | +40.1% |
| Plant, machinery and equipment | 23 | €12,326 | €15,011 | +€2,685 | +21.8% |
| Furniture and vehicles | 24 | €6,741 | €3,261 | -€3,480 | -51.6% |
| Other tangible fixed assets | 26 | €245,126 | €235,180 | -€9,946 | -4.1% |
| Financial fixed assets | 28 | €264 | €264 | = | 0.0% |
| Current assets | 29/58 | €195,864 | €792,830 | +€596,965 | +305% |
| Amounts receivable within one year | 40/41 | €111,878 | €14,653 | -€97,225 | -86.9% |
| Trade receivables | 40 | €111,878 | €190 | -€111,688 | -99.8% |
| Other amounts receivable | 41 | - | €14,463 | +€14,463 | |
| Cash at bank and in hand | 54/58 | €72,104 | €764,470 | +€692,366 | +960% |
| Deferred charges and accrued income | 490/1 | €11,882 | €13,707 | +€1,825 | +15.4% |
| Total equity and liabilities | 10/49 | €2,583,931 | €4,020,843 | +€1.4m | +55.6% |
| Equity | 10/15 | €1,489,169 | €1,450,223 | -€38,946 | -2.6% |
| Contributions | 10/11 | €32,400 | €32,400 | = | 0.0% |
| Reserves | 13 | €1,456,008 | €1,417,062 | -€38,946 | -2.7% |
| Tax-exempt reserves | 132 | €627,952 | €579,014 | -€48,938 | -7.8% |
| Distributable reserves | 133 | €828,055 | €838,048 | +€9,992 | +1.2% |
| Profit (loss) carried forward | 14 | €762 | €762 | = | 0.0% |
| Provisions and deferred taxes | 16 | €213,271 | €180,505 | -€32,767 | -15.4% |
| Deferred taxes | 168 | €213,271 | €180,505 | -€32,767 | -15.4% |
| Amounts payable | 17/49 | €881,491 | €2,390,115 | +€1.5m | +171% |
| Amounts payable after more than one year | 17 | €500,542 | €1,356,846 | +€856,305 | +171% |
| Financial debts | 170/4 | €475,232 | €1,340,340 | +€865,108 | +182% |
| Other amounts payable | 178/9 | €25,309 | €16,506 | -€8,803 | -34.8% |
| Amounts payable within one year | 42/48 | €376,254 | €1,032,608 | +€656,354 | +174% |
| Current portion of amounts payable after more than one year | 42 | €128,192 | €102,759 | -€25,432 | -19.8% |
| Trade debts | 44 | €40,308 | €14,611 | -€25,696 | -63.8% |
| Suppliers | 440/4 | €40,308 | €14,611 | -€25,696 | -63.8% |
| Taxes, remuneration and social security | 45 | €28,821 | €13,112 | -€15,709 | -54.5% |
| Taxes | 450/3 | €26,902 | €10,883 | -€16,019 | -59.5% |
| Remuneration and social security | 454/9 | €1,919 | €2,230 | +€310 | +16.2% |
| Other amounts payable | 47/48 | €178,933 | €902,125 | +€723,192 | +404% |
| Accrued charges and deferred income | 492/3 | €4,695 | €661 | -€4,035 | -85.9% |
| Remuneration, social security and pensions | 62 | €11,809 | €13,023 | +€1,214 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,063 | €165,630 | +€23,567 | +16.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€16,454 | -€16,454 | |
| Other operating charges | 640/8 | €60,535 | €155,958 | +€95,423 | +158% |
| Gross operating margin | 9900 | €274,367 | €319,159 | +€44,792 | +16.3% |
| Operating profit (loss) | 9901 | €59,961 | €1,003 | -€58,958 | -98.3% |
| Financial income | 75/76B | €41 | €1,413 | +€1,372 | +3,324% |
| Recurring financial income | 75 | €41 | €1,413 | +€1,372 | +3,324% |
| Financial charges | 65/66B | €43,211 | €52,295 | +€9,084 | +21.0% |
| Recurring financial charges | 65 | €43,211 | €52,295 | +€9,084 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | €16,791 | -€49,879 | -€66,670 | |
| Transfer from deferred taxes | 780 | €16,539 | €16,313 | -€226 | -1.4% |
| Income taxes | 67/77 | €31,429 | €5,379 | -€26,049 | -82.9% |
| Profit (loss) for the period | 9904 | €1,901 | -€38,946 | -€40,847 | |
| Transfer from tax-exempt reserves | 789 | €49,617 | €48,938 | -€679 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,519 | €9,992 | -€41,526 | -80.6% |
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 16 October 2026 via checked.be.