SYNTEZIS: what changed
SYNTEZIS
Largest movements
- Cash -€69,651
down €69,651 (-48.4%), from €144,043 to €74,392
mainly Contributions, distributions and other (-€40,375) and Receivables within one year (-€37,178)
- Receivables within one year +€37,178
up €37,178 (+692%), from €5,370 to €42,548
of which Trade receivables: +€33,760
- Tangible fixed assets -€4,594
down €4,594 (-41.8%), from €10,999 to €6,405
of which Furniture and vehicles: -€2,754
- Reserves -€46,112
down €46,112 (-40.8%), from €112,884 to €66,772
of which Distributable reserves: -€46,112
- Other debts +€22,513
up €22,513 (+187%), from €12,018 to €34,531
- Trade debts -€9,889
down €9,889 (-90.2%), from €10,962 to €1,073
- Tax, wage and social debts -€3,344
down €3,344 (-69.7%), from €4,798 to €1,454
- Gross operating margin +€33,244
up €33,244 (+99.5%), from -€33,425 to -€181
- Financial charges -€732
down €732 (-70.6%), from €1,037 to €305
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €161,207 | €123,829 | -€37,378 | -23.2% |
| Fixed assets | 21/28 | €10,999 | €6,405 | -€4,594 | -41.8% |
| Tangible fixed assets | 22/27 | €10,999 | €6,405 | -€4,594 | -41.8% |
| Land and buildings | 22 | €3,279 | €2,649 | -€630 | -19.2% |
| Plant, machinery and equipment | 23 | €2,818 | €1,609 | -€1,209 | -42.9% |
| Furniture and vehicles | 24 | €4,901 | €2,147 | -€2,754 | -56.2% |
| Current assets | 29/58 | €150,208 | €117,424 | -€32,784 | -21.8% |
| Amounts receivable within one year | 40/41 | €5,370 | €42,548 | +€37,178 | +692% |
| Trade receivables | 40 | €3,784 | €37,544 | +€33,760 | +892% |
| Other amounts receivable | 41 | €1,586 | €5,005 | +€3,418 | +215% |
| Cash at bank and in hand | 54/58 | €144,043 | €74,392 | -€69,651 | -48.4% |
| Deferred charges and accrued income | 490/1 | €795 | €484 | -€311 | -39.2% |
| Total equity and liabilities | 10/49 | €161,207 | €123,829 | -€37,378 | -23.2% |
| Equity | 10/15 | €132,884 | €86,772 | -€46,112 | -34.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €112,884 | €66,772 | -€46,112 | -40.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €110,884 | €64,772 | -€46,112 | -41.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €28,323 | €37,057 | +€8,734 | +30.8% |
| Amounts payable within one year | 42/48 | €27,777 | €37,057 | +€9,280 | +33.4% |
| Trade debts | 44 | €10,962 | €1,073 | -€9,889 | -90.2% |
| Suppliers | 440/4 | €10,962 | €1,073 | -€9,889 | -90.2% |
| Taxes, remuneration and social security | 45 | €4,798 | €1,454 | -€3,344 | -69.7% |
| Taxes | 450/3 | €4,798 | €1,454 | -€3,344 | -69.7% |
| Other amounts payable | 47/48 | €12,018 | €34,531 | +€22,513 | +187% |
| Accrued charges and deferred income | 492/3 | €545 | €0 | -€545 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,767 | €4,594 | -€173 | -3.6% |
| Other operating charges | 640/8 | €505 | €573 | +€67 | +13.3% |
| Gross operating margin | 9900 | -€33,425 | -€181 | +€33,244 | +99.5% |
| Operating profit (loss) | 9901 | -€38,697 | -€5,347 | +€33,349 | +86.2% |
| Financial income | 75/76B | €225 | €56 | -€169 | -75.2% |
| Recurring financial income | 75 | €225 | €56 | -€169 | -75.2% |
| Financial charges | 65/66B | €1,037 | €305 | -€732 | -70.6% |
| Recurring financial charges | 65 | €1,037 | €305 | -€732 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | -€39,509 | -€5,596 | +€33,912 | +85.8% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€39,648 | -€5,737 | +€33,911 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€39,648 | -€5,737 | +€33,911 | +85.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.