SYNABS: 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.
SYNABS
Largest movements
- Cash -€627,618
down €627,618 (-89.7%), from €700,010 to €72,391
mainly Investment in fixed assets (net) (-€423,812) and Current investments (-€399,037)
- Current investments +€399,037
new in 2025: €399,037
- Receivables within one year -€348,979
down €348,979 (-60.0%), from €581,797 to €232,818
of which Other amounts receivable: -€228,715
- Stocks and contracts +€48,258
up €48,258 (+22.6%), from €213,702 to €261,960
- Tangible fixed assets -€42,971
down €42,971 (-35.5%), from €121,123 to €78,152
of which Plant, machinery and equipment: -€36,658
- Other debts -€300,000
down €300,000 (-100%), from €300,000 to €0
- Trade debts -€224,056
down €224,056 (-72.4%), from €309,300 to €85,245
of which Suppliers: -€225,046
- Current portion of long-term debt -€145,527
down €145,527 (-80.6%), from €180,560 to €35,033
- Profit (loss) carried forward +€83,206
up €83,206 (+31.3%), from €265,890 to €349,096
- Tax, wage and social debts -€56,913
down €56,913 (-61.8%), from €92,076 to €35,163
of which Remuneration and social security: -€31,587
- Gross operating margin -€695,695
down €695,695 (-48.4%), from €1.4m to €742,551
- Depreciation -€203,869
down €203,869 (-30.0%), from €680,447 to €476,579
- Financial income -€121,701
down €121,701 (-38.3%), from €317,955 to €196,254
- Write-downs -€115,500
down €115,500 (-100%), from €115,500 to €0
- Taxes -€73,653
down €73,653, from €60,896 to -€12,756
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 | €1,696,504 | €1,108,336 | -€588,168 | -34.7% |
| Fixed assets | 21/28 | €145,700 | €92,933 | -€52,767 | -36.2% |
| Intangible fixed assets | 21 | €24,577 | €14,781 | -€9,796 | -39.9% |
| Tangible fixed assets | 22/27 | €121,123 | €78,152 | -€42,971 | -35.5% |
| Plant, machinery and equipment | 23 | €104,812 | €68,154 | -€36,658 | -35.0% |
| Furniture and vehicles | 24 | €11,302 | €6,224 | -€5,079 | -44.9% |
| Other tangible fixed assets | 26 | €5,009 | €3,774 | -€1,234 | -24.6% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,550,804 | €1,015,403 | -€535,401 | -34.5% |
| Stocks and contracts in progress | 3 | €213,702 | €261,960 | +€48,258 | +22.6% |
| Stocks | 30/36 | €213,702 | €261,960 | +€48,258 | +22.6% |
| Amounts receivable within one year | 40/41 | €581,797 | €232,818 | -€348,979 | -60.0% |
| Trade receivables | 40 | €221,882 | €101,618 | -€120,264 | -54.2% |
| Other amounts receivable | 41 | €359,915 | €131,201 | -€228,715 | -63.5% |
| Current investments | 50/53 | - | €399,037 | +€399,037 | |
| Cash at bank and in hand | 54/58 | €700,010 | €72,391 | -€627,618 | -89.7% |
| Deferred charges and accrued income | 490/1 | €55,296 | €49,196 | -€6,099 | -11.0% |
| Total equity and liabilities | 10/49 | €1,696,504 | €1,108,336 | -€588,168 | -34.7% |
| Equity | 10/15 | €664,532 | €746,999 | +€82,467 | +12.4% |
| Contributions | 10/11 | €360,000 | €360,000 | = | 0.0% |
| Capital | 10 | €360,000 | €360,000 | = | 0.0% |
| Issued capital | 100 | €360,000 | €360,000 | = | 0.0% |
| Reserves | 13 | €36,000 | €36,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €36,000 | €36,000 | = | 0.0% |
| Legal reserve | 130 | €36,000 | €36,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €265,890 | €349,096 | +€83,206 | +31.3% |
| Investment grants | 15 | €2,642 | €1,903 | -€739 | -28.0% |
| Amounts payable | 17/49 | €1,031,972 | €361,337 | -€670,635 | -65.0% |
| Amounts payable after more than one year | 17 | €149,430 | €204,046 | +€54,617 | +36.6% |
| Financial debts | 170/4 | €149,430 | €204,046 | +€54,617 | +36.6% |
| Amounts payable within one year | 42/48 | €881,936 | €155,441 | -€726,495 | -82.4% |
| Current portion of amounts payable after more than one year | 42 | €180,560 | €35,033 | -€145,527 | -80.6% |
| Trade debts | 44 | €309,300 | €85,245 | -€224,056 | -72.4% |
| Suppliers | 440/4 | €309,300 | €84,255 | -€225,046 | -72.8% |
| Bills of exchange payable | 441 | - | €990 | +€990 | |
| Taxes, remuneration and social security | 45 | €92,076 | €35,163 | -€56,913 | -61.8% |
| Taxes | 450/3 | €25,371 | €45 | -€25,326 | -99.8% |
| Remuneration and social security | 454/9 | €66,705 | €35,118 | -€31,587 | -47.4% |
| Other amounts payable | 47/48 | €300,000 | €0 | -€300,000 | -100% |
| Accrued charges and deferred income | 492/3 | €606 | €1,850 | +€1,243 | +205% |
| Remuneration, social security and pensions | 62 | €421,135 | €382,909 | -€38,226 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €680,447 | €476,579 | -€203,869 | -30.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €115,500 | €0 | -€115,500 | -100% |
| Other operating charges | 640/8 | €4,916 | €2,774 | -€2,142 | -43.6% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,438,246 | €742,551 | -€695,695 | -48.4% |
| Operating profit (loss) | 9901 | €216,247 | -€119,711 | -€335,958 | |
| Financial income | 75/76B | €317,955 | €196,254 | -€121,701 | -38.3% |
| Recurring financial income | 75 | €317,955 | €196,254 | -€121,701 | -38.3% |
| Financial charges | 65/66B | €14,461 | €6,094 | -€8,367 | -57.9% |
| Recurring financial charges | 65 | €14,461 | €6,094 | -€8,367 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €519,742 | €70,449 | -€449,292 | -86.4% |
| Income taxes | 67/77 | €60,896 | -€12,756 | -€73,653 | |
| Profit (loss) for the period | 9904 | €458,845 | €83,206 | -€375,639 | -81.9% |
| Profit (loss) for the period to be appropriated | 9905 | €458,845 | €83,206 | -€375,639 | -81.9% |
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 13 October 2026 via checked.be.