SYNTAXXIS: 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.
What changed
SYNTAXXIS
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€11,179
2024 · €37,806-€26,627
Equity
€370,284
2024 · €359,105+€11,179
Cash
€20,517
2024 · €30,342-€9,825
Balance sheet total
€1.0m
2024 · €1.0m-€35,279
Largest movements
Assets
- Tangible fixed assets -€32,995
down €32,995 (-3.3%), from €989,571 to €956,576
of which Land and buildings: -€36,815
- Current investments +€12,062
up €12,062, from €0 to €12,062
Equity and liabilities
- Debts after one year -€40,174
down €40,174 (-8.5%), from €474,757 to €434,582
- Reserves +€11,179
up €11,179 (+4.8%), from €230,505 to €241,684
of which Distributable reserves: +€12,817
Income statement
- Gross operating margin -€19,671
down €19,671 (-21.3%), from €92,310 to €72,639
- Depreciation +€14,931
up €14,931 (+58.5%), from €25,513 to €40,444
- Taxes -€9,782
down €9,782 (-62.2%), from €15,731 to €5,950
- Financial charges +€2,459
up €2,459 (+26.9%), from €9,134 to €11,593
- Other operating charges -€1,046
down €1,046 (-21.6%), from €4,834 to €3,787
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.
Result 2024
€37,806
Gross operating margin
-€19,671
Depreciation
-€14,931
Other operating charges
+€1,046
Other operating items
-€196
Financial income
-€560
Financial charges
-€2,459
Taxes
+€9,782
Deferred taxes and other
+€362
Result 2025
€11,179
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€49,184
Investment
-€19,511
Financing
-€39,497
Cash 2024
€30,342
From operations (derived)
+€49,184
Net result for the year
+€11,179
Depreciation
+€40,444
Receivables within one year
+€4,681
Deferred charges and accrued income
-€160
Provisions
-€409
Trade debts
-€2,314
Tax, wage and social debts
+€1,118
Other debts
-€5,469
Accrued charges and deferred income
+€113
Investment (derived)
-€19,511
Investment in fixed assets (net)
-€7,449
Current investments
-€12,062
Financing
-€39,497
Debts after one year
-€40,174
Current portion of long-term debt
+€677
Cash 2025
€20,517
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,042,558 | €1,007,279 | -€35,279 | -3.4% |
| Fixed assets | 21/28 | €989,571 | €956,576 | -€32,995 | -3.3% |
| Tangible fixed assets | 22/27 | €989,571 | €956,576 | -€32,995 | -3.3% |
| Land and buildings | 22 | €986,103 | €949,288 | -€36,815 | -3.7% |
| Plant, machinery and equipment | 23 | €530 | €160 | -€370 | -69.7% |
| Furniture and vehicles | 24 | €2,938 | €43 | -€2,896 | -98.6% |
| Other tangible fixed assets | 26 | - | €7,085 | +€7,085 | |
| Current assets | 29/58 | €52,987 | €50,703 | -€2,284 | -4.3% |
| Amounts receivable within one year | 40/41 | €21,159 | €16,478 | -€4,681 | -22.1% |
| Trade receivables | 40 | €14,738 | €13,904 | -€834 | -5.7% |
| Other amounts receivable | 41 | €6,422 | €2,575 | -€3,847 | -59.9% |
| Current investments | 50/53 | €0 | €12,062 | +€12,062 | |
| Cash at bank and in hand | 54/58 | €30,342 | €20,517 | -€9,825 | -32.4% |
| Deferred charges and accrued income | 490/1 | €1,485 | €1,645 | +€160 | +10.7% |
| Total equity and liabilities | 10/49 | €1,042,558 | €1,007,279 | -€35,279 | -3.4% |
| Equity | 10/15 | €359,105 | €370,284 | +€11,179 | +3.1% |
| Contributions | 10/11 | €128,600 | €128,600 | = | 0.0% |
| Capital | 10 | €128,600 | €128,600 | = | 0.0% |
| Issued capital | 100 | €128,600 | €128,600 | = | 0.0% |
| Reserves | 13 | €230,505 | €241,684 | +€11,179 | +4.8% |
| Non-distributable reserves | 130/1 | €5,127 | €5,127 | = | 0.0% |
| Legal reserve | 130 | €5,127 | €5,127 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,901 | €52,264 | -€1,637 | -3.0% |
| Distributable reserves | 133 | €171,477 | €184,293 | +€12,817 | +7.5% |
| Provisions and deferred taxes | 16 | €13,460 | €13,051 | -€409 | -3.0% |
| Deferred taxes | 168 | €13,460 | €13,051 | -€409 | -3.0% |
| Amounts payable | 17/49 | €669,993 | €623,944 | -€46,049 | -6.9% |
| Amounts payable after more than one year | 17 | €474,757 | €434,582 | -€40,174 | -8.5% |
| Financial debts | 170/4 | €474,757 | €434,582 | -€40,174 | -8.5% |
| Amounts payable within one year | 42/48 | €192,744 | €186,756 | -€5,988 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €42,817 | €43,494 | +€677 | +1.6% |
| Trade debts | 44 | €4,819 | €2,505 | -€2,314 | -48.0% |
| Suppliers | 440/4 | €4,819 | €2,505 | -€2,314 | -48.0% |
| Taxes, remuneration and social security | 45 | €7,878 | €8,996 | +€1,118 | +14.2% |
| Taxes | 450/3 | €5,505 | €6,547 | +€1,042 | +18.9% |
| Remuneration and social security | 454/9 | €2,374 | €2,449 | +€75 | +3.2% |
| Other amounts payable | 47/48 | €137,230 | €131,761 | -€5,469 | -4.0% |
| Accrued charges and deferred income | 492/3 | €2,493 | €2,606 | +€113 | +4.6% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,513 | €40,444 | +€14,931 | +58.5% |
| Other operating charges | 640/8 | €4,834 | €3,787 | -€1,046 | -21.6% |
| Non-recurring operating charges | 66A | - | €196 | +€196 | |
| Gross operating margin | 9900 | €92,310 | €72,639 | -€19,671 | -21.3% |
| Operating profit (loss) | 9901 | €61,963 | €28,212 | -€33,752 | -54.5% |
| Financial income | 75/76B | €661 | €101 | -€560 | -84.8% |
| Recurring financial income | 75 | €661 | €101 | -€560 | -84.8% |
| Financial charges | 65/66B | €9,134 | €11,593 | +€2,459 | +26.9% |
| Recurring financial charges | 65 | €9,134 | €11,593 | +€2,459 | +26.9% |
| Profit (loss) for the period before taxes | 9903 | €53,491 | €16,720 | -€36,771 | -68.7% |
| Transfer from deferred taxes | 780 | €47 | €409 | +€362 | +773% |
| Income taxes | 67/77 | €15,731 | €5,950 | -€9,782 | -62.2% |
| Profit (loss) for the period | 9904 | €37,806 | €11,179 | -€26,627 | -70.4% |
| Transfer from tax-exempt reserves | 789 | €188 | €1,637 | +€1,450 | +773% |
| Profit (loss) for the period to be appropriated | 9905 | €37,994 | €12,817 | -€25,177 | -66.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.