SYNC: 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.
SYNC
Largest movements
- Financial fixed assets +€1.1m
up €1.1m (+63.0%), from €1.8m to €2.9m
- Cash +€72,047
up €72,047 (+170%), from €42,326 to €114,372
mainly Net result for the year (+€655,030) and Debts after one year (+€480,217)
- Reserves +€655,030
up €655,030 (+35.0%), from €1.9m to €2.5m
- Debts after one year +€480,217
up €480,217 (+10,041%), from €4,783 to €485,000
- Current portion of long-term debt +€69,008
up €69,008 (+224%), from €30,775 to €99,783
- Gross operating margin -€526,168
down €526,168 (-78.6%), from €669,471 to €143,303
- Financial income +€198,014
up €198,014 (+50.0%), from €396,028 to €594,042
- Taxes -€135,298
down €135,298 (-83.9%), from €161,246 to €25,948
- Financial charges +€23,476
up €23,476 (+549%), from €4,277 to €27,753
of which Non-recurring financial charges: +€24,467
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,941,517 | €3,139,975 | +€1.2m | +61.7% |
| Fixed assets | 21/28 | €1,890,511 | €3,014,503 | +€1.1m | +59.5% |
| Tangible fixed assets | 22/27 | €91,321 | €81,160 | -€10,161 | -11.1% |
| Plant, machinery and equipment | 23 | €4,825 | €3,184 | -€1,640 | -34.0% |
| Furniture and vehicles | 24 | €30,530 | €77,976 | +€47,446 | +155% |
| Leasing and similar rights | 25 | €55,967 | - | -€55,967 | |
| Financial fixed assets | 28 | €1,799,190 | €2,933,343 | +€1.1m | +63.0% |
| Current assets | 29/58 | €51,005 | €125,472 | +€74,466 | +146% |
| Amounts receivable within one year | 40/41 | €4,632 | €7,487 | +€2,855 | +61.6% |
| Trade receivables | 40 | - | €3,924 | +€3,924 | |
| Other amounts receivable | 41 | €4,632 | €3,563 | -€1,069 | -23.1% |
| Cash at bank and in hand | 54/58 | €42,326 | €114,372 | +€72,047 | +170% |
| Deferred charges and accrued income | 490/1 | €4,048 | €3,613 | -€435 | -10.8% |
| Total equity and liabilities | 10/49 | €1,941,517 | €3,139,975 | +€1.2m | +61.7% |
| Equity | 10/15 | €1,890,444 | €2,545,474 | +€655,030 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,871,844 | €2,526,874 | +€655,030 | +35.0% |
| Distributable reserves | 133 | €1,871,844 | €2,526,874 | +€655,030 | +35.0% |
| Amounts payable | 17/49 | €51,072 | €594,501 | +€543,429 | +1,064% |
| Amounts payable after more than one year | 17 | €4,783 | €485,000 | +€480,217 | +10,041% |
| Financial debts | 170/4 | €4,783 | €485,000 | +€480,217 | +10,041% |
| Amounts payable within one year | 42/48 | €46,290 | €109,501 | +€63,211 | +137% |
| Current portion of amounts payable after more than one year | 42 | €30,775 | €99,783 | +€69,008 | +224% |
| Trade debts | 44 | €1,134 | €3,470 | +€2,335 | +206% |
| Suppliers | 440/4 | €1,134 | €3,470 | +€2,335 | +206% |
| Taxes, remuneration and social security | 45 | €2,412 | €1,431 | -€981 | -40.7% |
| Taxes | 450/3 | €1,528 | €1,431 | -€97 | -6.3% |
| Remuneration and social security | 454/9 | €885 | - | -€885 | |
| Other amounts payable | 47/48 | €11,968 | €4,818 | -€7,151 | -59.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,707 | €26,435 | -€1,272 | -4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,668 | - | -€2,668 | |
| Other operating charges | 640/8 | €2,662 | €2,006 | -€655 | -24.6% |
| Non-recurring operating charges | 66A | - | €172 | +€172 | |
| Gross operating margin | 9900 | €669,471 | €143,303 | -€526,168 | -78.6% |
| Operating profit (loss) | 9901 | €636,435 | €114,689 | -€521,746 | -82.0% |
| Financial income | 75/76B | €396,028 | €594,042 | +€198,014 | +50.0% |
| Recurring financial income | 75 | €396,028 | €594,042 | +€198,014 | +50.0% |
| Financial charges | 65/66B | €4,277 | €27,753 | +€23,476 | +549% |
| Recurring financial charges | 65 | €4,277 | €3,287 | -€990 | -23.2% |
| Non-recurring financial charges | 66B | - | €24,467 | +€24,467 | |
| Profit (loss) for the period before taxes | 9903 | €1,028,185 | €680,978 | -€347,208 | -33.8% |
| Income taxes | 67/77 | €161,246 | €25,948 | -€135,298 | -83.9% |
| Profit (loss) for the period | 9904 | €866,939 | €655,030 | -€211,909 | -24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €866,939 | €655,030 | -€211,909 | -24.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.