SYNAPSE 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.
SYNAPSE MANAGEMENT
Largest movements
- Cash -€85,405
down €85,405 (-68.6%), from €124,489 to €39,084
mainly Contributions, distributions and other (-€207,297) and Tax, wage and social debts (-€6,952)
- Current investments -€60,000
no longer reported in 2025 (was €60,000)
- Receivables after one year +€6,503
new in 2025: €6,503
- Receivables within one year +€5,935
up €5,935 (+22.3%), from €26,620 to €32,555
of which Other amounts receivable: +€3,515
- Profit (loss) carried forward -€160,311
no longer reported in 2025 (was €160,311)
- Other debts +€39,494
up €39,494 (+6,774%), from €583 to €40,077
- Tax, wage and social debts -€6,952
down €6,952 (-14.9%), from €46,544 to €39,592
- Gross operating margin -€53,809
down €53,809 (-47.1%), from €114,324 to €60,515
- Taxes -€11,112
down €11,112 (-47.9%), from €23,191 to €12,079
- Financial income +€1,147
up €1,147 (+125%), from €918 to €2,065
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 | €215,273 | €85,956 | -€129,317 | -60.1% |
| Fixed assets | 21/28 | €4,164 | €7,814 | +€3,650 | +87.7% |
| Tangible fixed assets | 22/27 | €4,164 | €5,814 | +€1,650 | +39.6% |
| Furniture and vehicles | 24 | €3,601 | €5,251 | +€1,650 | +45.8% |
| Other tangible fixed assets | 26 | €563 | €563 | = | 0.0% |
| Financial fixed assets | 28 | - | €2,000 | +€2,000 | |
| Current assets | 29/58 | €211,109 | €78,142 | -€132,967 | -63.0% |
| Amounts receivable after more than one year | 29 | - | €6,503 | +€6,503 | |
| Other amounts receivable | 291 | - | €6,503 | +€6,503 | |
| Amounts receivable within one year | 40/41 | €26,620 | €32,555 | +€5,935 | +22.3% |
| Trade receivables | 40 | €26,620 | €29,040 | +€2,420 | +9.1% |
| Other amounts receivable | 41 | - | €3,515 | +€3,515 | |
| Current investments | 50/53 | €60,000 | - | -€60,000 | |
| Cash at bank and in hand | 54/58 | €124,489 | €39,084 | -€85,405 | -68.6% |
| Total equity and liabilities | 10/49 | €215,273 | €85,956 | -€129,317 | -60.1% |
| Equity | 10/15 | €165,311 | €5,000 | -€160,311 | -97.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €160,311 | - | -€160,311 | |
| Amounts payable | 17/49 | €49,962 | €80,956 | +€30,994 | +62.0% |
| Amounts payable within one year | 42/48 | €49,962 | €80,956 | +€30,994 | +62.0% |
| Trade debts | 44 | €2,835 | €1,287 | -€1,548 | -54.6% |
| Suppliers | 440/4 | €2,835 | €1,287 | -€1,548 | -54.6% |
| Taxes, remuneration and social security | 45 | €46,544 | €39,592 | -€6,952 | -14.9% |
| Taxes | 450/3 | €46,544 | €39,592 | -€6,952 | -14.9% |
| Other amounts payable | 47/48 | €583 | €40,077 | +€39,494 | +6,774% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,436 | €2,423 | -€13 | -0.5% |
| Other operating charges | 640/8 | €451 | €1,001 | +€550 | +122% |
| Gross operating margin | 9900 | €114,324 | €60,515 | -€53,809 | -47.1% |
| Operating profit (loss) | 9901 | €111,437 | €57,091 | -€54,346 | -48.8% |
| Financial income | 75/76B | €918 | €2,065 | +€1,147 | +125% |
| Recurring financial income | 75 | €918 | €2,065 | +€1,147 | +125% |
| Financial charges | 65/66B | €191 | €91 | -€100 | -52.4% |
| Recurring financial charges | 65 | €191 | €91 | -€100 | -52.4% |
| Profit (loss) for the period before taxes | 9903 | €112,164 | €59,065 | -€53,099 | -47.3% |
| Income taxes | 67/77 | €23,191 | €12,079 | -€11,112 | -47.9% |
| Profit (loss) for the period | 9904 | €88,973 | €46,986 | -€41,987 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,973 | €46,986 | -€41,987 | -47.2% |
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 25 October 2026 via checked.be.