SINERJEY: what changed
SINERJEY
Largest movements
- Receivables within one year +€56,693
up €56,693 (+166%), from €34,235 to €90,928
of which Other amounts receivable: +€38,961
- Cash -€37,113
down €37,113 (-46.4%), from €79,958 to €42,844
mainly Receivables within one year (-€56,693) and Contributions, distributions and other (-€32,754)
- Tangible fixed assets -€1,680
down €1,680 (-53.7%), from €3,126 to €1,446
of which Furniture and vehicles: -€1,194
- Other debts +€15,807
up €15,807 (+36.5%), from €43,277 to €59,084
- Trade debts +€14,409
up €14,409 (+368%), from €3,912 to €18,321
- Reserves -€11,075
down €11,075 (-33.8%), from €32,754 to €21,680
- Tax, wage and social debts -€4,952
down €4,952 (-43.0%), from €11,519 to €6,568
- Accrued charges and deferred income +€2,576
up €2,576 (+31.2%), from €8,263 to €10,838
- Gross operating margin +€18,753
up €18,753 (+116%), from €16,168 to €34,921
- Taxes +€4,202
up €4,202 (+227%), from €1,850 to €6,052
- Financial charges +€1,127
up €1,127 (+34.3%), from €3,284 to €4,411
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,725 | €141,491 | +€16,766 | +13.4% |
| Fixed assets | 21/28 | €9,376 | €7,696 | -€1,680 | -17.9% |
| Tangible fixed assets | 22/27 | €3,126 | €1,446 | -€1,680 | -53.7% |
| Plant, machinery and equipment | 23 | €1,723 | €1,237 | -€486 | -28.2% |
| Furniture and vehicles | 24 | €1,403 | €209 | -€1,194 | -85.1% |
| Financial fixed assets | 28 | €6,250 | €6,250 | = | 0.0% |
| Current assets | 29/58 | €115,349 | €133,795 | +€18,446 | +16.0% |
| Amounts receivable within one year | 40/41 | €34,235 | €90,928 | +€56,693 | +166% |
| Trade receivables | 40 | €12,968 | €30,700 | +€17,732 | +137% |
| Other amounts receivable | 41 | €21,267 | €60,228 | +€38,961 | +183% |
| Cash at bank and in hand | 54/58 | €79,958 | €42,844 | -€37,113 | -46.4% |
| Deferred charges and accrued income | 490/1 | €1,157 | €23 | -€1,134 | -98.0% |
| Total equity and liabilities | 10/49 | €124,725 | €141,491 | +€16,766 | +13.4% |
| Equity | 10/15 | €57,754 | €46,680 | -€11,075 | -19.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €32,754 | €21,680 | -€11,075 | -33.8% |
| Distributable reserves | 133 | €32,754 | €21,680 | -€11,075 | -33.8% |
| Amounts payable | 17/49 | €66,971 | €94,811 | +€27,841 | +41.6% |
| Amounts payable within one year | 42/48 | €58,708 | €83,973 | +€25,265 | +43.0% |
| Trade debts | 44 | €3,912 | €18,321 | +€14,409 | +368% |
| Suppliers | 440/4 | €3,912 | €18,321 | +€14,409 | +368% |
| Taxes, remuneration and social security | 45 | €11,519 | €6,568 | -€4,952 | -43.0% |
| Taxes | 450/3 | €11,519 | €6,568 | -€4,952 | -43.0% |
| Other amounts payable | 47/48 | €43,277 | €59,084 | +€15,807 | +36.5% |
| Accrued charges and deferred income | 492/3 | €8,263 | €10,838 | +€2,576 | +31.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,680 | €1,680 | = | 0.0% |
| Other operating charges | 640/8 | €1,246 | €1,395 | +€149 | +11.9% |
| Gross operating margin | 9900 | €16,168 | €34,921 | +€18,753 | +116% |
| Operating profit (loss) | 9901 | €13,242 | €31,846 | +€18,604 | +140% |
| Financial income | 75/76B | €191 | €296 | +€105 | +55.0% |
| Recurring financial income | 75 | €191 | €296 | +€105 | +55.0% |
| Financial charges | 65/66B | €3,284 | €4,411 | +€1,127 | +34.3% |
| Recurring financial charges | 65 | €3,284 | €4,411 | +€1,127 | +34.3% |
| Profit (loss) for the period before taxes | 9903 | €10,149 | €27,731 | +€17,582 | +173% |
| Income taxes | 67/77 | €1,850 | €6,052 | +€4,202 | +227% |
| Profit (loss) for the period | 9904 | €8,300 | €21,680 | +€13,380 | +161% |
| Profit (loss) for the period to be appropriated | 9905 | €8,300 | €21,680 | +€13,380 | +161% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.