SYNAPSESQUALI: 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.
SYNAPSESQUALI
Largest movements
- Cash -€9,707
down €9,707 (-45.6%), from €21,274 to €11,567
mainly Net result for the year (-€7,922) and Receivables within one year (-€4,471)
- Receivables within one year +€4,471
up €4,471 (+10.1%), from €44,403 to €48,874
of which Trade receivables: +€4,884
- Tangible fixed assets -€1,173
down €1,173 (-34.8%), from €3,375 to €2,201
of which Other tangible fixed assets: -€932
- Profit (loss) carried forward -€7,922
down €7,922 (-11.9%), from -€66,371 to -€74,293
- Tax, wage and social debts +€1,840
up €1,840 (+153.3%), from €1,200 to €3,040
- Staff costs -€31,805
no longer reported in 2025 (was €31,805)
- Gross operating margin +€17,185
up €17,185 (+75.7%), from -€22,691 to -€5,505
- Financial charges -€1,745
down €1,745 (-83.6%), from €2,087 to €342
- Depreciation -€262
down €262 (-18.2%), from €1,435 to €1,173
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 | €116,534 | €109,905 | -€6,629 | -5.7% |
| Fixed assets | 21/28 | €25,875 | €24,701 | -€1,173 | -4.5% |
| Tangible fixed assets | 22/27 | €3,375 | €2,201 | -€1,173 | -34.8% |
| Furniture and vehicles | 24 | €242 | - | -€242 | |
| Other tangible fixed assets | 26 | €3,133 | €2,201 | -€932 | -29.7% |
| Financial fixed assets | 28 | €22,500 | €22,500 | = | 0.0% |
| Current assets | 29/58 | €90,659 | €85,204 | -€5,455 | -6.0% |
| Amounts receivable within one year | 40/41 | €44,403 | €48,874 | +€4,471 | +10.1% |
| Trade receivables | 40 | €25,490 | €30,374 | +€4,884 | +19.2% |
| Other amounts receivable | 41 | €18,913 | €18,500 | -€413 | -2.2% |
| Current investments | 50/53 | €21,786 | €21,823 | +€37 | +0.2% |
| Cash at bank and in hand | 54/58 | €21,274 | €11,567 | -€9,707 | -45.6% |
| Deferred charges and accrued income | 490/1 | €3,196 | €2,939 | -€256 | -8.0% |
| Total equity and liabilities | 10/49 | €116,534 | €109,905 | -€6,629 | -5.7% |
| Equity | 10/15 | €41,124 | €33,202 | -€7,922 | -19.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €88,895 | €88,895 | = | 0.0% |
| Distributable reserves | 133 | €88,895 | €88,895 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€66,371 | -€74,293 | -€7,922 | -11.9% |
| Amounts payable | 17/49 | €75,410 | €76,702 | +€1,293 | +1.7% |
| Amounts payable within one year | 42/48 | €75,410 | €76,702 | +€1,293 | +1.7% |
| Trade debts | 44 | €1,067 | €562 | -€505 | -47.3% |
| Suppliers | 440/4 | €1,067 | €562 | -€505 | -47.3% |
| Taxes, remuneration and social security | 45 | €1,200 | €3,040 | +€1,840 | +153.3% |
| Taxes | 450/3 | €1,200 | €3,040 | +€1,840 | +153.3% |
| Other amounts payable | 47/48 | €73,142 | €73,100 | -€42 | -0.1% |
| Remuneration, social security and pensions | 62 | €31,805 | - | -€31,805 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,435 | €1,173 | -€262 | -18.2% |
| Other operating charges | 640/8 | €779 | €809 | +€30 | +3.9% |
| Gross operating margin | 9900 | -€22,691 | -€5,505 | +€17,185 | +75.7% |
| Operating profit (loss) | 9901 | -€56,710 | -€7,488 | +€49,222 | +86.8% |
| Financial income | 75/76B | €306 | €206 | -€101 | -32.9% |
| Recurring financial income | 75 | €306 | €206 | -€101 | -32.9% |
| Financial charges | 65/66B | €2,087 | €342 | -€1,745 | -83.6% |
| Recurring financial charges | 65 | €2,087 | €342 | -€1,745 | -83.6% |
| Profit (loss) for the period before taxes | 9903 | -€58,490 | -€7,625 | +€50,865 | +87.0% |
| Income taxes | 67/77 | €279 | €297 | +€18 | +6.3% |
| Profit (loss) for the period | 9904 | -€58,770 | -€7,922 | +€50,848 | +86.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,770 | -€7,922 | +€50,848 | +86.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.