UW-SYNDIC: 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.
UW-SYNDIC
Largest movements
- Receivables within one year +€135,197
up €135,197 (+557%), from €24,277 to €159,475
of which Trade receivables: +€74,148
- Cash +€105,719
up €105,719 (+25.0%), from €422,853 to €528,573
mainly Net result for the year (+€387,018) and Other debts (+€241,693)
- Intangible fixed assets +€66,869
up €66,869 (+2,399%), from €2,788 to €69,657
- Tangible fixed assets +€47,727
up €47,727 (+116%), from €41,295 to €89,021
of which Furniture and vehicles: +€39,588
- Other debts +€241,693
up €241,693 (+483%), from €50,000 to €291,693
- Reserves +€95,893
up €95,893 (+27.1%), from €354,157 to €450,051
- Tax, wage and social debts +€8,939
up €8,939 (+18.6%), from €47,931 to €56,870
of which Remuneration and social security: +€21,413
- Gross operating margin +€306,594
up €306,594 (+44.6%), from €687,353 to €993,947
- Staff costs +€163,808
up €163,808 (+45.6%), from €359,601 to €523,409
- Taxes -€33,138
down €33,138 (-38.3%), from €86,635 to €53,496
- Depreciation +€17,074
up €17,074 (+193%), from €8,859 to €25,933
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 | €508,093 | €859,284 | +€351,190 | +69.1% |
| Fixed assets | 21/28 | €50,777 | €165,373 | +€114,596 | +226% |
| Intangible fixed assets | 21 | €2,788 | €69,657 | +€66,869 | +2,399% |
| Tangible fixed assets | 22/27 | €41,295 | €89,021 | +€47,727 | +116% |
| Furniture and vehicles | 24 | €40,827 | €80,415 | +€39,588 | +97.0% |
| Other tangible fixed assets | 26 | €468 | €8,606 | +€8,138 | +1,739% |
| Financial fixed assets | 28 | €6,695 | €6,695 | = | 0.0% |
| Current assets | 29/58 | €457,316 | €693,911 | +€236,594 | +51.7% |
| Amounts receivable within one year | 40/41 | €24,277 | €159,475 | +€135,197 | +557% |
| Trade receivables | 40 | €23,823 | €97,971 | +€74,148 | +311% |
| Other amounts receivable | 41 | €454 | €61,504 | +€61,050 | +13,444% |
| Cash at bank and in hand | 54/58 | €422,853 | €528,573 | +€105,719 | +25.0% |
| Deferred charges and accrued income | 490/1 | €10,186 | €5,864 | -€4,322 | -42.4% |
| Total equity and liabilities | 10/49 | €508,093 | €859,284 | +€351,190 | +69.1% |
| Equity | 10/15 | €372,757 | €468,651 | +€95,893 | +25.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €354,157 | €450,051 | +€95,893 | +27.1% |
| Distributable reserves | 133 | €354,157 | €450,051 | +€95,893 | +27.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €135,336 | €390,633 | +€255,297 | +189% |
| Amounts payable within one year | 42/48 | €135,336 | €390,633 | +€255,297 | +189% |
| Trade debts | 44 | €37,405 | €42,070 | +€4,665 | +12.5% |
| Suppliers | 440/4 | €37,405 | €42,070 | +€4,665 | +12.5% |
| Taxes, remuneration and social security | 45 | €47,931 | €56,870 | +€8,939 | +18.6% |
| Taxes | 450/3 | €12,474 | €0 | -€12,474 | -100% |
| Remuneration and social security | 454/9 | €35,457 | €56,870 | +€21,413 | +60.4% |
| Other amounts payable | 47/48 | €50,000 | €291,693 | +€241,693 | +483% |
| Remuneration, social security and pensions | 62 | €359,601 | €523,409 | +€163,808 | +45.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,859 | €25,933 | +€17,074 | +193% |
| Other operating charges | 640/8 | €5,220 | €3,322 | -€1,898 | -36.4% |
| Gross operating margin | 9900 | €687,353 | €993,947 | +€306,594 | +44.6% |
| Operating profit (loss) | 9901 | €313,673 | €441,283 | +€127,610 | +40.7% |
| Financial charges | 65/66B | €1,001 | €768 | -€232 | -23.2% |
| Recurring financial charges | 65 | €1,001 | €768 | -€232 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €312,672 | €440,515 | +€127,843 | +40.9% |
| Income taxes | 67/77 | €86,635 | €53,496 | -€33,138 | -38.3% |
| Profit (loss) for the period | 9904 | €226,038 | €387,018 | +€160,981 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €226,038 | €387,018 | +€160,981 | +71.2% |
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 30 October 2026 via checked.be.