Cre@Syn: 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.
Cre@Syn
Largest movements
- Cash +€106,522
up €106,522 (+471%), from €22,613 to €129,135
mainly Net result for the year (+€109,243) and Receivables within one year (+€63,931)
- Receivables within one year -€63,931
down €63,931 (-51.6%), from €123,873 to €59,942
of which Trade receivables: -€56,856
- Tangible fixed assets -€56,181
down €56,181 (-8.1%), from €695,293 to €639,112
of which Land and buildings: -€29,927
- Debts after one year -€57,248
down €57,248 (-12.6%), from €454,033 to €396,786
- Reserves +€42,000
up €42,000 (+18.4%), from €228,360 to €270,360
of which Distributable reserves: +€42,000
- Other debts +€14,000
up €14,000 (+26.4%), from €53,000 to €67,000
- Gross operating margin +€89,473
up €89,473 (+33.5%), from €267,006 to €356,479
- Taxes +€21,760
up €21,760 (+69.9%), from €31,123 to €52,883
- Depreciation +€10,059
up €10,059 (+21.8%), from €46,122 to €56,181
- Staff costs +€6,946
up €6,946 (+6.1%), from €113,012 to €119,958
- Financial charges +€5,227
up €5,227 (+62.5%), from €8,357 to €13,584
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 | €880,735 | €873,601 | -€7,134 | -0.8% |
| Fixed assets | 21/28 | €695,413 | €639,232 | -€56,181 | -8.1% |
| Tangible fixed assets | 22/27 | €695,293 | €639,112 | -€56,181 | -8.1% |
| Land and buildings | 22 | €617,503 | €587,576 | -€29,927 | -4.8% |
| Plant, machinery and equipment | 23 | €11,757 | €9,455 | -€2,302 | -19.6% |
| Furniture and vehicles | 24 | €66,033 | €42,081 | -€23,952 | -36.3% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €185,322 | €234,369 | +€49,047 | +26.5% |
| Amounts receivable within one year | 40/41 | €123,873 | €59,942 | -€63,931 | -51.6% |
| Trade receivables | 40 | €106,693 | €49,837 | -€56,856 | -53.3% |
| Other amounts receivable | 41 | €17,180 | €10,106 | -€7,075 | -41.2% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,613 | €129,135 | +€106,522 | +471% |
| Deferred charges and accrued income | 490/1 | €13,837 | €20,292 | +€6,455 | +46.7% |
| Total equity and liabilities | 10/49 | €880,735 | €873,601 | -€7,134 | -0.8% |
| Equity | 10/15 | €247,594 | €289,837 | +€42,243 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €228,360 | €270,360 | +€42,000 | +18.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €226,500 | €268,500 | +€42,000 | +18.5% |
| Profit (loss) carried forward | 14 | €634 | €877 | +€243 | +38.4% |
| Amounts payable | 17/49 | €633,141 | €583,764 | -€49,378 | -7.8% |
| Amounts payable after more than one year | 17 | €454,033 | €396,786 | -€57,248 | -12.6% |
| Financial debts | 170/4 | €454,033 | €396,786 | -€57,248 | -12.6% |
| Amounts payable within one year | 42/48 | €179,108 | €186,978 | +€7,870 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €58,471 | €65,605 | +€7,134 | +12.2% |
| Financial debts | 43 | €3,346 | - | -€3,346 | |
| Credit institutions | 430/8 | €3,346 | - | -€3,346 | |
| Trade debts | 44 | €6,641 | €1,044 | -€5,596 | -84.3% |
| Suppliers | 440/4 | €6,641 | €1,044 | -€5,596 | -84.3% |
| Taxes, remuneration and social security | 45 | €57,650 | €53,329 | -€4,321 | -7.5% |
| Taxes | 450/3 | €40,151 | €40,925 | +€774 | +1.9% |
| Remuneration and social security | 454/9 | €17,500 | €12,404 | -€5,096 | -29.1% |
| Other amounts payable | 47/48 | €53,000 | €67,000 | +€14,000 | +26.4% |
| Remuneration, social security and pensions | 62 | €113,012 | €119,958 | +€6,946 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,122 | €56,181 | +€10,059 | +21.8% |
| Other operating charges | 640/8 | €8,314 | €6,089 | -€2,225 | -26.8% |
| Gross operating margin | 9900 | €267,006 | €356,479 | +€89,473 | +33.5% |
| Operating profit (loss) | 9901 | €99,558 | €174,251 | +€74,693 | +75.0% |
| Financial income | 75/76B | €2,482 | €1,459 | -€1,023 | -41.2% |
| Recurring financial income | 75 | €2,482 | €1,459 | -€1,023 | -41.2% |
| Financial charges | 65/66B | €8,357 | €13,584 | +€5,227 | +62.5% |
| Recurring financial charges | 65 | €8,357 | €13,584 | +€5,227 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | €93,683 | €162,126 | +€68,444 | +73.1% |
| Income taxes | 67/77 | €31,123 | €52,883 | +€21,760 | +69.9% |
| Profit (loss) for the period | 9904 | €62,559 | €109,243 | +€46,684 | +74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €62,559 | €109,243 | +€46,684 | +74.6% |
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 15 October 2026 via checked.be.