SYNTIX: 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.
SYNTIX
Largest movements
- Tangible fixed assets +€59,263
new in 2025: €59,263
- Receivables within one year +€55,715
up €55,715 (+47.9%), from €116,361 to €172,076
of which Trade receivables: +€43,870
- Stocks and contracts -€26,930
down €26,930 (-16.4%), from €163,740 to €136,810
- Profit (loss) carried forward +€58,674
up €58,674, from -€17,240 to €41,434
- Debts after one year +€50,668
up €50,668 (+72.4%), from €70,000 to €120,668
- Other debts -€30,802
down €30,802 (-100.0%), from €30,802 to €0
- Trade debts -€20,453
down €20,453 (-18.0%), from €113,762 to €93,309
- Short-term financial debts +€17,980
up €17,980 (+46.4%), from €38,762 to €56,742
- Gross operating margin +€97,921
up €97,921 (+288.9%), from €33,894 to €131,815
- Staff costs +€34,922
new in 2025: €34,922
- Taxes +€18,086
up €18,086 (+925.5%), from €1,954 to €20,041
- Depreciation +€9,772
new in 2025: €9,772
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.
Cash bridge derived
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 | €302,558 | €391,116 | +€88,558 | +29.3% |
| Fixed assets | 21/28 | - | €59,263 | +€59,263 | |
| Tangible fixed assets | 22/27 | - | €59,263 | +€59,263 | |
| Furniture and vehicles | 24 | - | €59,263 | +€59,263 | |
| Current assets | 29/58 | €302,558 | €331,853 | +€29,295 | +9.7% |
| Stocks and contracts in progress | 3 | €163,740 | €136,810 | -€26,930 | -16.4% |
| Stocks | 30/36 | €163,740 | €136,810 | -€26,930 | -16.4% |
| Amounts receivable within one year | 40/41 | €116,361 | €172,076 | +€55,715 | +47.9% |
| Trade receivables | 40 | €89,740 | €133,610 | +€43,870 | +48.9% |
| Other amounts receivable | 41 | €26,621 | €38,466 | +€11,845 | +44.5% |
| Cash at bank and in hand | 54/58 | €21,910 | €20,247 | -€1,664 | -7.6% |
| Deferred charges and accrued income | 490/1 | €546 | €2,719 | +€2,173 | +397.8% |
| Total equity and liabilities | 10/49 | €302,558 | €391,116 | +€88,558 | +29.3% |
| Equity | 10/15 | €44,260 | €102,934 | +€58,674 | +132.6% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,240 | €41,434 | +€58,674 | |
| Amounts payable | 17/49 | €258,298 | €288,182 | +€29,884 | +11.6% |
| Amounts payable after more than one year | 17 | €70,000 | €120,668 | +€50,668 | +72.4% |
| Financial debts | 170/4 | €70,000 | €120,668 | +€50,668 | +72.4% |
| Amounts payable within one year | 42/48 | €188,298 | €163,127 | -€25,171 | -13.4% |
| Current portion of amounts payable after more than one year | 42 | €4,971 | €13,035 | +€8,064 | +162.2% |
| Financial debts | 43 | €38,762 | €56,742 | +€17,980 | +46.4% |
| Credit institutions | 430/8 | €38,762 | €56,742 | +€17,980 | +46.4% |
| Trade debts | 44 | €113,762 | €93,309 | -€20,453 | -18.0% |
| Suppliers | 440/4 | €113,762 | €93,309 | -€20,453 | -18.0% |
| Taxes, remuneration and social security | 45 | - | €41 | +€41 | |
| Taxes | 450/3 | - | €41 | +€41 | |
| Other amounts payable | 47/48 | €30,802 | €0 | -€30,802 | -100.0% |
| Accrued charges and deferred income | 492/3 | €0 | €4,387 | +€4,387 | |
| Remuneration, social security and pensions | 62 | - | €34,922 | +€34,922 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,772 | +€9,772 | |
| Other operating charges | 640/8 | €864 | €888 | +€23 | +2.7% |
| Gross operating margin | 9900 | €33,894 | €131,815 | +€97,921 | +288.9% |
| Operating profit (loss) | 9901 | €33,030 | €86,232 | +€53,203 | +161.1% |
| Financial income | 75/76B | €67 | €37 | -€30 | -45.0% |
| Recurring financial income | 75 | €67 | €37 | -€30 | -45.0% |
| Financial charges | 65/66B | €8,594 | €7,555 | -€1,039 | -12.1% |
| Recurring financial charges | 65 | €8,594 | €7,555 | -€1,039 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €24,503 | €78,715 | +€54,212 | +221.2% |
| Income taxes | 67/77 | €1,954 | €20,041 | +€18,086 | +925.5% |
| Profit (loss) for the period | 9904 | €22,549 | €58,674 | +€36,125 | +160.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,549 | €58,674 | +€36,125 | +160.2% |
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 9 October 2026 via checked.be.