CYNAPSE MANAGEMENT: 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.
What changed
CYNAPSE MANAGEMENT
NACE 73.300, Public relations and communication consultancy
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€9,638
2025 · €39,794-€30,155
Equity
€800,833
2025 · €791,194+€9,638
Cash
€2,168
2025 · €1,519+€649
Balance sheet total
€1.1m
2025 · €1.1m-€14,639
Largest movements
Assets
- Receivables within one year -€35,583
down €35,583 (-12.6%), from €282,054 to €246,472
of which Trade receivables: -€36,125
- Receivables after one year +€24,976
up €24,976 (+3.9%), from €641,769 to €666,745
Equity and liabilities
- Tax, wage and social debts -€12,188
down €12,188 (-35.8%), from €34,051 to €21,862
Income statement
- Gross operating margin -€46,520
down €46,520 (-87.1%), from €53,433 to €6,913
- Taxes -€12,092
down €12,092 (-73.2%), from €16,516 to €4,424
- Financial income +€4,839
up €4,839 (+23.9%), from €20,259 to €25,098
From the 2025 result to the 2026 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.
Result 2025
€39,794
Gross operating margin
-€46,520
Depreciation
-€52
Other operating charges
-€285
Financial income
+€4,839
Financial charges
-€229
Taxes
+€12,092
Result 2026
€9,638
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€649
Investment
+€0
Financing
€0
Cash 2025
€1,519
From operations (derived)
+€649
Net result for the year
+€9,638
Depreciation
+€4,962
Receivables after one year
-€24,976
Receivables within one year
+€35,583
Deferred charges and accrued income
-€280
Trade debts
-€5,832
Tax, wage and social debts
-€12,188
Other debts
-€6,257
Investment (derived)
+€0
Current investments
+€0
Cash 2026
€2,168
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,101,369 | €1,086,730 | -€14,639 | -1.3% |
| Fixed assets | 21/28 | €84,369 | €79,408 | -€4,962 | -5.9% |
| Tangible fixed assets | 22/27 | €84,314 | €79,352 | -€4,962 | -5.9% |
| Land and buildings | 22 | €82,384 | €77,899 | -€4,484 | -5.4% |
| Furniture and vehicles | 24 | €1,930 | €1,452 | -€477 | -24.7% |
| Financial fixed assets | 28 | €56 | €56 | = | 0.0% |
| Current assets | 29/58 | €1,016,999 | €1,007,322 | -€9,677 | -1.0% |
| Amounts receivable after more than one year | 29 | €641,769 | €666,745 | +€24,976 | +3.9% |
| Other amounts receivable | 291 | €641,769 | €666,745 | +€24,976 | +3.9% |
| Amounts receivable within one year | 40/41 | €282,054 | €246,472 | -€35,583 | -12.6% |
| Trade receivables | 40 | €158,531 | €122,407 | -€36,125 | -22.8% |
| Other amounts receivable | 41 | €123,523 | €124,065 | +€542 | +0.4% |
| Current investments | 50/53 | €88,578 | €88,578 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,519 | €2,168 | +€649 | +42.7% |
| Deferred charges and accrued income | 490/1 | €3,079 | €3,359 | +€280 | +9.1% |
| Total equity and liabilities | 10/49 | €1,101,369 | €1,086,730 | -€14,639 | -1.3% |
| Equity | 10/15 | €791,194 | €800,833 | +€9,638 | +1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €777,648 | €788,248 | +€10,600 | +1.4% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €775,793 | €786,393 | +€10,600 | +1.4% |
| Profit (loss) carried forward | 14 | €1,146 | €185 | -€962 | -83.9% |
| Amounts payable | 17/49 | €310,174 | €285,897 | -€24,277 | -7.8% |
| Amounts payable within one year | 42/48 | €310,174 | €285,897 | -€24,277 | -7.8% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €11,686 | €5,854 | -€5,832 | -49.9% |
| Suppliers | 440/4 | €11,686 | €5,854 | -€5,832 | -49.9% |
| Taxes, remuneration and social security | 45 | €34,051 | €21,862 | -€12,188 | -35.8% |
| Taxes | 450/3 | €34,051 | €21,862 | -€12,188 | -35.8% |
| Other amounts payable | 47/48 | €164,437 | €158,180 | -€6,257 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,910 | €4,962 | +€52 | +1.1% |
| Other operating charges | 640/8 | €721 | €1,006 | +€285 | +39.4% |
| Gross operating margin | 9900 | €53,433 | €6,913 | -€46,520 | -87.1% |
| Operating profit (loss) | 9901 | €47,802 | €946 | -€46,856 | -98.0% |
| Financial income | 75/76B | €20,259 | €25,098 | +€4,839 | +23.9% |
| Recurring financial income | 75 | €20,259 | €25,098 | +€4,839 | +23.9% |
| Financial charges | 65/66B | €11,751 | €11,981 | +€229 | +2.0% |
| Recurring financial charges | 65 | €11,751 | €11,981 | +€229 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €56,309 | €14,062 | -€42,247 | -75.0% |
| Income taxes | 67/77 | €16,516 | €4,424 | -€12,092 | -73.2% |
| Profit (loss) for the period | 9904 | €39,794 | €9,638 | -€30,155 | -75.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,794 | €9,638 | -€30,155 | -75.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.