E@SYNET: what changed
Two fiscal 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
E@SYNET
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€3,859
2024 · €605,315-€601,456
Equity
€1.5m
2024 · €1.5m+€3,859
Cash
€1,061
2024 · €104+€957
Balance sheet total
€2.3m
2024 · €2.4m-€49,852
Largest movements
Assets
- Tangible fixed assets -€40,603
down €40,603 (-6.0%), from €672,772 to €632,169
of which Land and buildings: -€32,901
Equity and liabilities
- Debts after one year -€68,438
down €68,438 (-28.4%), from €240,847 to €172,409
- Other debts +€36,130
up €36,130 (+9.9%), from €363,173 to €399,303
- Tax, wage and social debts -€29,988
down €29,988 (-49.7%), from €60,383 to €30,395
Income statement
- Financial income -€657,501
down €657,501 (-99.9%), from €658,252 to €751
- Taxes -€68,256
down €68,256 (-92.7%), from €73,630 to €5,374
- Gross operating margin -€9,033
down €9,033 (-11.3%), from €80,143 to €71,110
- Financial charges +€3,309
up €3,309 (+19.7%), from €16,784 to €20,093
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.
Result 2024
€605,315
Gross operating margin
-€9,033
Depreciation
+€122
Other operating charges
+€9
Financial income
-€657,501
Financial charges
-€3,309
Taxes
+€68,256
Result 2025
€3,859
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.
From operations
+€43,387
Investment
+€379
Financing
-€42,809
Cash 2024
€104
From operations (derived)
+€43,387
Net result for the year
+€3,859
Depreciation
+€41,586
Receivables within one year
+€8,711
Deferred charges and accrued income
+€133
Provisions
-€2,916
Trade debts
-€14,956
Tax, wage and social debts
-€29,988
Other debts
+€36,130
Accrued charges and deferred income
+€828
Investment (derived)
+€379
Investment in fixed assets (net)
-€983
Current investments
+€1,362
Financing
-€42,809
Debts after one year
-€68,438
Current portion of long-term debt
+€22,733
Short-term financial debts
+€2,896
Cash 2025
€1,061
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,389,280 | €2,339,428 | -€49,852 | -2.1% |
| Fixed assets | 21/28 | €2,284,568 | €2,243,965 | -€40,603 | -1.8% |
| Tangible fixed assets | 22/27 | €672,772 | €632,169 | -€40,603 | -6.0% |
| Land and buildings | 22 | €654,003 | €621,102 | -€32,901 | -5.0% |
| Furniture and vehicles | 24 | €18,769 | €11,067 | -€7,702 | -41.0% |
| Financial fixed assets | 28 | €1,611,796 | €1,611,796 | = | 0.0% |
| Current assets | 29/58 | €104,712 | €95,463 | -€9,249 | -8.8% |
| Amounts receivable within one year | 40/41 | €18,907 | €10,196 | -€8,711 | -46.1% |
| Trade receivables | 40 | €18,907 | - | -€18,907 | |
| Other amounts receivable | 41 | - | €10,196 | +€10,196 | |
| Current investments | 50/53 | €85,435 | €84,073 | -€1,362 | -1.6% |
| Cash at bank and in hand | 54/58 | €104 | €1,061 | +€957 | +920.2% |
| Deferred charges and accrued income | 490/1 | €266 | €133 | -€133 | -50.0% |
| Total equity and liabilities | 10/49 | €2,389,280 | €2,339,428 | -€49,852 | -2.1% |
| Equity | 10/15 | €1,477,110 | €1,480,969 | +€3,859 | +0.3% |
| Contributions | 10/11 | €134,610 | €134,610 | = | 0.0% |
| Reserves | 13 | €1,005,168 | €1,009,027 | +€3,859 | +0.4% |
| Non-distributable reserves | 130/1 | €4,831 | €4,831 | = | 0.0% |
| Other | 1319 | €4,831 | €4,831 | = | 0.0% |
| Tax-exempt reserves | 132 | €90,791 | €85,127 | -€5,664 | -6.2% |
| Distributable reserves | 133 | €909,546 | €919,069 | +€9,523 | +1.0% |
| Profit (loss) carried forward | 14 | €337,332 | €337,332 | = | 0.0% |
| Provisions and deferred taxes | 16 | €46,750 | €43,834 | -€2,916 | -6.2% |
| Deferred taxes | 168 | €46,750 | €43,834 | -€2,916 | -6.2% |
| Amounts payable | 17/49 | €865,420 | €814,625 | -€50,795 | -5.9% |
| Amounts payable after more than one year | 17 | €240,847 | €172,409 | -€68,438 | -28.4% |
| Financial debts | 170/4 | €240,847 | €172,409 | -€68,438 | -28.4% |
| Amounts payable within one year | 42/48 | €619,874 | €636,689 | +€16,815 | +2.7% |
| Current portion of amounts payable after more than one year | 42 | €86,333 | €109,066 | +€22,733 | +26.3% |
| Financial debts | 43 | €89,928 | €92,824 | +€2,896 | +3.2% |
| Credit institutions | 430/8 | €89,928 | €92,824 | +€2,896 | +3.2% |
| Trade debts | 44 | €20,057 | €5,101 | -€14,956 | -74.6% |
| Suppliers | 440/4 | €20,057 | €5,101 | -€14,956 | -74.6% |
| Taxes, remuneration and social security | 45 | €60,383 | €30,395 | -€29,988 | -49.7% |
| Taxes | 450/3 | €60,383 | €30,395 | -€29,988 | -49.7% |
| Other amounts payable | 47/48 | €363,173 | €399,303 | +€36,130 | +9.9% |
| Accrued charges and deferred income | 492/3 | €4,699 | €5,527 | +€828 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,708 | €41,586 | -€122 | -0.3% |
| Other operating charges | 640/8 | €3,874 | €3,865 | -€9 | -0.2% |
| Gross operating margin | 9900 | €80,143 | €71,110 | -€9,033 | -11.3% |
| Operating profit (loss) | 9901 | €34,561 | €25,659 | -€8,902 | -25.8% |
| Financial income | 75/76B | €658,252 | €751 | -€657,501 | -99.9% |
| Recurring financial income | 75 | €658,252 | €751 | -€657,501 | -99.9% |
| Financial charges | 65/66B | €16,784 | €20,093 | +€3,309 | +19.7% |
| Recurring financial charges | 65 | €16,784 | €20,093 | +€3,309 | +19.7% |
| Profit (loss) for the period before taxes | 9903 | €676,029 | €6,317 | -€669,712 | -99.1% |
| Transfer from deferred taxes | 780 | €2,916 | €2,916 | = | 0.0% |
| Income taxes | 67/77 | €73,630 | €5,374 | -€68,256 | -92.7% |
| Profit (loss) for the period | 9904 | €605,315 | €3,859 | -€601,456 | -99.4% |
| Transfer from tax-exempt reserves | 789 | €5,663 | €5,664 | +€1 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €610,978 | €9,523 | -€601,455 | -98.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.