Syntacted: 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.
Syntacted
Largest movements
- Tangible fixed assets +€1,383
new in 2025: €1,383
- Receivables within one year +€943
up €943 (+12.2%), from €7,724 to €8,666
of which Other amounts receivable: +€617
- Cash -€720
down €720 (-1.5%), from €48,006 to €47,285
mainly Contributions, distributions and other (-€30,000) and Investment in fixed assets (net) (-€1,611)
- Reserves +€2,325
up €2,325 (+6.0%), from €38,709 to €41,034
- Tax, wage and social debts -€849
down €849 (-14.8%), from €5,721 to €4,873
- Gross operating margin -€7,635
down €7,635 (-14.6%), from €52,185 to €44,550
- Taxes -€2,069
down €2,069 (-15.3%), from €13,532 to €11,464
- Financial income -€612
down €612 (-64.1%), from €955 to €343
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 | €56,245 | €57,941 | +€1,695 | +3.0% |
| Fixed assets | 21/28 | - | €1,383 | +€1,383 | |
| Tangible fixed assets | 22/27 | - | €1,383 | +€1,383 | |
| Furniture and vehicles | 24 | - | €1,383 | +€1,383 | |
| Current assets | 29/58 | €56,245 | €56,558 | +€313 | +0.6% |
| Amounts receivable within one year | 40/41 | €7,724 | €8,666 | +€943 | +12.2% |
| Trade receivables | 40 | €7,724 | €8,050 | +€326 | +4.2% |
| Other amounts receivable | 41 | - | €617 | +€617 | |
| Cash at bank and in hand | 54/58 | €48,006 | €47,285 | -€720 | -1.5% |
| Deferred charges and accrued income | 490/1 | €516 | €606 | +€90 | +17.5% |
| Total equity and liabilities | 10/49 | €56,245 | €57,941 | +€1,695 | +3.0% |
| Equity | 10/15 | €43,709 | €46,034 | +€2,325 | +5.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €38,709 | €41,034 | +€2,325 | +6.0% |
| Distributable reserves | 133 | €38,709 | €41,034 | +€2,325 | +6.0% |
| Amounts payable | 17/49 | €12,536 | €11,906 | -€630 | -5.0% |
| Amounts payable within one year | 42/48 | €12,536 | €11,906 | -€630 | -5.0% |
| Trade debts | 44 | €345 | €559 | +€214 | +62.1% |
| Suppliers | 440/4 | €345 | €559 | +€214 | +62.1% |
| Taxes, remuneration and social security | 45 | €5,721 | €4,873 | -€849 | -14.8% |
| Taxes | 450/3 | €5,721 | €4,873 | -€849 | -14.8% |
| Other amounts payable | 47/48 | €6,470 | €6,475 | +€5 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €228 | +€228 | |
| Other operating charges | 640/8 | €845 | €816 | -€29 | -3.4% |
| Gross operating margin | 9900 | €52,185 | €44,550 | -€7,635 | -14.6% |
| Operating profit (loss) | 9901 | €51,341 | €43,506 | -€7,835 | -15.3% |
| Financial income | 75/76B | €955 | €343 | -€612 | -64.1% |
| Recurring financial income | 75 | €955 | €343 | -€612 | -64.1% |
| Financial charges | 65/66B | €54 | €60 | +€6 | +11.3% |
| Recurring financial charges | 65 | €54 | €60 | +€6 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | €52,242 | €43,789 | -€8,453 | -16.2% |
| Income taxes | 67/77 | €13,532 | €11,464 | -€2,069 | -15.3% |
| Profit (loss) for the period | 9904 | €38,709 | €32,325 | -€6,384 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,709 | €32,325 | -€6,384 | -16.5% |
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 15 October 2026 via checked.be.