SYNTEM BEHEER: what changed
What changed
SYNTEM BEHEER
filed annual accounts (NBB)
Net result for the year
-€109,753
2024 · -€81,713-€28,040
Equity
€10.6m
2024 · €10.7m-€109,753
Cash
€97,793
2024 · €47,621+€50,171
Balance sheet total
€11.1m
2024 · €10.7m+€359,509
Largest movements
Assets
- Receivables after one year +€481,693
new in 2025: €481,693
- Current investments -€324,410
down €324,410 (-4.6%), from €7.1m to €6.8m
Equity and liabilities
- Reserves -€2.2m
down €2.2m (-31.6%), from €7.0m to €4.8m
of which Distributable reserves: -€2.2m
- Profit (loss) carried forward +€2.1m
up €2.1m, from -€2.1m to €0
- Debts after one year +€481,693
new in 2025: €481,693
Income statement
- Financial charges +€84,418
up €84,418, from -€73,466 to €10,952
- Financial income +€53,734
up €53,734 (+56.3%), from €95,489 to €149,223
- Gross operating margin +€5,467
up €5,467 (+2.7%), from -€203,561 to -€198,094
- Depreciation +€3,401
up €3,401 (+9.2%), from €37,042 to €40,443
- Other operating charges -€2,828
down €2,828 (-26.1%), from €10,840 to €8,011
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.
Result 2024
-€81,713
Gross operating margin
+€5,467
Depreciation
-€3,401
Other operating charges
+€2,828
Other operating items
-€2,157
Financial income
+€53,734
Financial charges
-€84,418
Taxes
-€94
Result 2025
-€109,753
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€645,340
Investment
+€213,818
Financing
+€481,693
Cash 2024
€47,621
From operations (derived)
-€645,340
Net result for the year
-€109,753
Depreciation
+€40,443
Receivables after one year
-€481,693
Receivables within one year
-€90,660
Deferred charges and accrued income
+€8,754
Provisions
-€1,223
Trade debts
-€9,193
Tax, wage and social debts
+€3,150
Other debts
-€4,233
Accrued charges and deferred income
-€932
Investment (derived)
+€213,818
Investment in fixed assets (net)
-€110,592
Current investments
+€324,410
Financing
+€481,693
Debts after one year
+€481,693
Cash 2025
€97,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,711,414 | €11,070,923 | +€359,509 | +3.4% |
| Fixed assets | 21/28 | €3,520,915 | €3,591,064 | +€70,149 | +2.0% |
| Tangible fixed assets | 22/27 | €3,520,915 | €3,591,064 | +€70,149 | +2.0% |
| Land and buildings | 22 | €492,892 | €463,411 | -€29,481 | -6.0% |
| Plant, machinery and equipment | 23 | €3,321 | €62,021 | +€58,700 | +1,768% |
| Furniture and vehicles | 24 | €3,019,787 | €3,062,028 | +€42,241 | +1.4% |
| Other tangible fixed assets | 26 | €4,916 | €3,605 | -€1,311 | -26.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €7,190,499 | €7,479,859 | +€289,360 | +4.0% |
| Amounts receivable after more than one year | 29 | - | €481,693 | +€481,693 | |
| Other amounts receivable | 291 | - | €481,693 | +€481,693 | |
| Amounts receivable within one year | 40/41 | €32,378 | €123,038 | +€90,660 | +280% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €32,378 | €123,038 | +€90,660 | +280% |
| Current investments | 50/53 | €7,085,665 | €6,761,255 | -€324,410 | -4.6% |
| Cash at bank and in hand | 54/58 | €47,621 | €97,793 | +€50,171 | +105% |
| Deferred charges and accrued income | 490/1 | €24,835 | €16,081 | -€8,754 | -35.2% |
| Total equity and liabilities | 10/49 | €10,711,414 | €11,070,923 | +€359,509 | +3.4% |
| Equity | 10/15 | €10,679,794 | €10,570,041 | -€109,753 | -1.0% |
| Contributions | 10/11 | €5,779,000 | €5,779,000 | = | 0.0% |
| Capital | 10 | €5,779,000 | €5,779,000 | = | 0.0% |
| Issued capital | 100 | €5,779,000 | €5,779,000 | = | 0.0% |
| Reserves | 13 | €7,005,351 | €4,791,041 | -€2.2m | -31.6% |
| Non-distributable reserves | 130/1 | €182,400 | €182,400 | = | 0.0% |
| Legal reserve | 130 | €182,400 | €182,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €26,895 | €23,228 | -€3,668 | -13.6% |
| Distributable reserves | 133 | €6,796,055 | €4,585,414 | -€2.2m | -32.5% |
| Profit (loss) carried forward | 14 | -€2,104,556 | €0 | +€2.1m | |
| Provisions and deferred taxes | 16 | €8,965 | €7,743 | -€1,223 | -13.6% |
| Deferred taxes | 168 | €8,965 | €7,743 | -€1,223 | -13.6% |
| Amounts payable | 17/49 | €22,655 | €493,139 | +€470,484 | +2,077% |
| Amounts payable after more than one year | 17 | - | €481,693 | +€481,693 | |
| Financial debts | 170/4 | - | €481,693 | +€481,693 | |
| Amounts payable within one year | 42/48 | €21,723 | €11,446 | -€10,276 | -47.3% |
| Trade debts | 44 | €15,379 | €6,186 | -€9,193 | -59.8% |
| Suppliers | 440/4 | €15,379 | €6,186 | -€9,193 | -59.8% |
| Taxes, remuneration and social security | 45 | - | €3,150 | +€3,150 | |
| Taxes | 450/3 | - | €3,150 | +€3,150 | |
| Other amounts payable | 47/48 | €6,344 | €2,110 | -€4,233 | -66.7% |
| Accrued charges and deferred income | 492/3 | €932 | €0 | -€932 | -100% |
| Non-recurring operating income | 76A | €150 | €5,000 | +€4,850 | +3,233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,042 | €40,443 | +€3,401 | +9.2% |
| Other operating charges | 640/8 | €10,840 | €8,011 | -€2,828 | -26.1% |
| Non-recurring operating charges | 66A | - | €2,157 | +€2,157 | |
| Gross operating margin | 9900 | -€203,561 | -€198,094 | +€5,467 | +2.7% |
| Operating profit (loss) | 9901 | -€251,443 | -€248,705 | +€2,738 | +1.1% |
| Financial income | 75/76B | €95,489 | €149,223 | +€53,734 | +56.3% |
| Recurring financial income | 75 | €95,489 | €149,223 | +€53,734 | +56.3% |
| Financial charges | 65/66B | -€73,466 | €10,952 | +€84,418 | |
| Recurring financial charges | 65 | -€73,466 | €10,952 | +€84,418 | |
| Profit (loss) for the period before taxes | 9903 | -€82,488 | -€110,434 | -€27,946 | -33.9% |
| Transfer from deferred taxes | 780 | €1,223 | €1,223 | = | 0.0% |
| Income taxes | 67/77 | €448 | €542 | +€94 | +21.0% |
| Profit (loss) for the period | 9904 | -€81,713 | -€109,753 | -€28,040 | -34.3% |
| Transfer from tax-exempt reserves | 789 | €3,668 | €3,668 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€78,046 | -€106,085 | -€28,040 | -35.9% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.