SYN-ERGO: 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.
SYN-ERGO
Largest movements
- Cash +€115,232
up €115,232 (+83.4%), from €138,194 to €253,427
mainly Net result for the year (+€69,760) and Depreciation (+€42,335)
- Tangible fixed assets -€31,788
down €31,788 (-7.7%), from €412,920 to €381,132
of which Land and buildings: -€17,960
- Reserves +€51,292
up €51,292 (+10.8%), from €474,870 to €526,162
of which Distributable reserves: +€51,292
- Debts after one year -€42,878
down €42,878 (-27.0%), from €158,610 to €115,733
- Tax, wage and social debts +€25,460
up €25,460 (+67.3%), from €37,847 to €63,307
of which Taxes: +€20,531
- Other debts +€18,824
up €18,824 (+419.9%), from €4,483 to €23,307
- Advances received +€10,100
up €10,100 (+44.3%), from €22,780 to €32,880
- Gross operating margin +€97,053
up €97,053 (+50.6%), from €191,939 to €288,992
- Taxes +€14,374
up €14,374 (+242.0%), from €5,939 to €20,313
- Staff costs +€8,603
up €8,603 (+6.4%), from €135,246 to €143,848
- Depreciation +€4,607
up €4,607 (+12.2%), from €37,728 to €42,335
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €776,891 | €857,201 | +€80,310 | +10.3% |
| Fixed assets | 21/28 | €413,009 | €381,222 | -€31,788 | -7.7% |
| Tangible fixed assets | 22/27 | €412,920 | €381,132 | -€31,788 | -7.7% |
| Land and buildings | 22 | €342,187 | €324,227 | -€17,960 | -5.2% |
| Plant, machinery and equipment | 23 | €11,289 | €12,551 | +€1,262 | +11.2% |
| Furniture and vehicles | 24 | €59,444 | €44,354 | -€15,090 | -25.4% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €363,882 | €475,979 | +€112,098 | +30.8% |
| Stocks and contracts in progress | 3 | €152,969 | €147,201 | -€5,768 | -3.8% |
| Stocks | 30/36 | €152,969 | €147,201 | -€5,768 | -3.8% |
| Amounts receivable within one year | 40/41 | €71,468 | €74,089 | +€2,621 | +3.7% |
| Trade receivables | 40 | €39,800 | €61,552 | +€21,752 | +54.7% |
| Other amounts receivable | 41 | €31,668 | €12,537 | -€19,131 | -60.4% |
| Current investments | 50/53 | €250 | - | -€250 | |
| Cash at bank and in hand | 54/58 | €138,194 | €253,427 | +€115,232 | +83.4% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,263 | +€263 | +26.3% |
| Total equity and liabilities | 10/49 | €776,891 | €857,201 | +€80,310 | +10.3% |
| Equity | 10/15 | €495,870 | €547,162 | +€51,292 | +10.3% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Outside capital | 11 | €21,000 | €21,000 | = | 0.0% |
| Other | 1109/19 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €474,870 | €526,162 | +€51,292 | +10.8% |
| Non-distributable reserves | 130/1 | €2,100 | €2,100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,100 | €2,100 | = | 0.0% |
| Distributable reserves | 133 | €472,770 | €524,062 | +€51,292 | +10.8% |
| Amounts payable | 17/49 | €281,021 | €310,039 | +€29,018 | +10.3% |
| Amounts payable after more than one year | 17 | €158,610 | €115,733 | -€42,878 | -27.0% |
| Financial debts | 170/4 | €158,610 | €115,733 | -€42,878 | -27.0% |
| Amounts payable within one year | 42/48 | €122,410 | €186,874 | +€64,464 | +52.7% |
| Current portion of amounts payable after more than one year | 42 | €43,917 | €43,917 | = | 0.0% |
| Trade debts | 44 | €13,383 | €23,463 | +€10,080 | +75.3% |
| Suppliers | 440/4 | €13,383 | €23,463 | +€10,080 | +75.3% |
| Advances received on contracts in progress | 46 | €22,780 | €32,880 | +€10,100 | +44.3% |
| Taxes, remuneration and social security | 45 | €37,847 | €63,307 | +€25,460 | +67.3% |
| Taxes | 450/3 | €17,648 | €38,180 | +€20,531 | +116.3% |
| Remuneration and social security | 454/9 | €20,199 | €25,128 | +€4,928 | +24.4% |
| Other amounts payable | 47/48 | €4,483 | €23,307 | +€18,824 | +419.9% |
| Accrued charges and deferred income | 492/3 | - | €7,432 | +€7,432 | |
| Non-recurring operating income | 76A | €2,319 | - | -€2,319 | |
| Remuneration, social security and pensions | 62 | €135,246 | €143,848 | +€8,603 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,728 | €42,335 | +€4,607 | +12.2% |
| Other operating charges | 640/8 | €9,163 | €10,244 | +€1,081 | +11.8% |
| Gross operating margin | 9900 | €191,939 | €288,992 | +€97,053 | +50.6% |
| Operating profit (loss) | 9901 | €9,802 | €92,564 | +€82,763 | +844.4% |
| Financial income | 75/76B | €10,484 | €8,379 | -€2,105 | -20.1% |
| Recurring financial income | 75 | €10,484 | €8,379 | -€2,105 | -20.1% |
| Financial charges | 65/66B | €13,386 | €10,871 | -€2,515 | -18.8% |
| Recurring financial charges | 65 | €13,386 | €10,871 | -€2,515 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €6,900 | €90,072 | +€83,173 | +1205.5% |
| Income taxes | 67/77 | €5,939 | €20,313 | +€14,374 | +242.0% |
| Profit (loss) for the period | 9904 | €961 | €69,760 | +€68,799 | +7162.1% |
| Profit (loss) for the period to be appropriated | 9905 | €961 | €69,760 | +€68,799 | +7162.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.