SYNC SOLUTIONS: 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 SOLUTIONS
Largest movements
- Current assets +€1.8m
up €1.8m (+52.3%), from €3.4m to €5.2m
of which Receivables within one year: +€1.9m
- Tangible fixed assets -€79,452
down €79,452 (-24.3%), from €326,413 to €246,961
- Intangible fixed assets -€69,500
down €69,500 (-14.3%), from €486,500 to €417,000
- Debts +€1.7m
up €1.7m (+45.2%), from €3.8m to €5.4m
of which Debts within one year: +€1.6m
- Turnover -€16.4m
no longer reported in 2019 (was €16.4m)
- Gross operating margin -€375,874
down €375,874 (-7.4%), from €5.1m to €4.7m
- Taxes -€232,811
down €232,811 (-77.9%), from €298,829 to €66,017
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,606,047 | €6,255,915 | +€1.6m | +35.8% |
| Fixed assets | 21/28 | €1,165,302 | €1,014,001 | -€151,302 | -13.0% |
| Intangible fixed assets | 21 | €486,500 | €417,000 | -€69,500 | -14.3% |
| Tangible fixed assets | 22/27 | €326,413 | €246,961 | -€79,452 | -24.3% |
| Financial fixed assets | 28 | €352,390 | €350,040 | -€2,350 | -0.7% |
| Current assets | 29/58 | €3,440,745 | €5,241,914 | +€1.8m | +52.3% |
| Stocks and contracts in progress | 3 | - | €566,838 | +€566,838 | |
| Amounts receivable within one year | 40/41 | €2,273,117 | €4,212,647 | +€1.9m | +85.3% |
| Cash at bank and in hand | 54/58 | €1,101,177 | €394,419 | -€706,759 | -64.2% |
| Total equity and liabilities | 10/49 | €4,606,047 | €6,255,915 | +€1.6m | +35.8% |
| Equity | 10/15 | €853,170 | €807,064 | -€46,106 | -5.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €743,170 | €697,064 | -€46,106 | -6.2% |
| Amounts payable | 17/49 | €3,752,877 | €5,448,851 | +€1.7m | +45.2% |
| Amounts payable after more than one year | 17 | - | €159,299 | +€159,299 | |
| Amounts payable within one year | 42/48 | €3,519,954 | €5,114,765 | +€1.6m | +45.3% |
| Trade debts | 44 | €1,751,117 | €2,679,143 | +€928,026 | +53.0% |
| Turnover | 70 | €16,391,568 | - | -€16.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,135 | €163,711 | +€3,576 | +2.2% |
| Gross operating margin | 9900 | €5,100,002 | €4,724,129 | -€375,874 | -7.4% |
| Operating profit (loss) | 9901 | €783,412 | €131,262 | -€652,149 | -83.2% |
| Recurring financial income | 75 | €35,582 | €68,768 | +€33,185 | +93.3% |
| Recurring financial charges | 65 | €284,277 | €180,119 | -€104,158 | -36.6% |
| Profit (loss) for the period before taxes | 9903 | €534,717 | €19,911 | -€514,806 | -96.3% |
| Income taxes | 67/77 | €298,829 | €66,017 | -€232,811 | -77.9% |
| Profit (loss) for the period | 9904 | €235,888 | -€46,106 | -€281,994 | |
| Profit (loss) for the period to be appropriated | 9905 | €235,888 | -€46,106 | -€281,994 |
Source: filed annual accounts (NBB), financial years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.