Synchronicity: 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.
Synchronicity
Largest movements
- Receivables within one year +€86,640
up €86,640 (+11386.0%), from €761 to €87,401
- Tangible fixed assets +€14,829
up €14,829 (+32.9%), from €45,086 to €59,915
of which Land and buildings: +€19,187
- Cash +€6,054
up €6,054 (+33.9%), from €17,866 to €23,920
mainly Short-term financial debts (+€125,000) and Other debts (+€32,619)
- Short-term financial debts +€125,000
new in 2025: €125,000
- Reserves -€59,934
no longer reported in 2025 (was €59,934)
- Other debts +€32,619
up €32,619 (+2754.8%), from €1,184 to €33,803
- Trade debts +€10,270
up €10,270 (+272.0%), from €3,775 to €14,045
- Gross operating margin -€6,340
down €6,340 (-8.4%), from €75,724 to €69,384
- Taxes +€1,801
up €1,801 (+12.2%), from €14,708 to €16,509
- Financial charges +€1,447
up €1,447 (+29.0%), from €4,994 to €6,441
- Depreciation -€779
down €779 (-5.5%), from €14,043 to €13,264
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 | €74,073 | €181,342 | +€107,269 | +144.8% |
| Fixed assets | 21/28 | €55,086 | €69,915 | +€14,829 | +26.9% |
| Tangible fixed assets | 22/27 | €45,086 | €59,915 | +€14,829 | +32.9% |
| Land and buildings | 22 | €28,574 | €47,760 | +€19,187 | +67.1% |
| Plant, machinery and equipment | 23 | €1,727 | €3,508 | +€1,781 | +103.1% |
| Furniture and vehicles | 24 | €14,785 | €8,647 | -€6,139 | -41.5% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €18,987 | €111,427 | +€92,440 | +486.9% |
| Amounts receivable within one year | 40/41 | €761 | €87,401 | +€86,640 | +11386.0% |
| Trade receivables | 40 | €761 | €87,401 | +€86,640 | +11386.0% |
| Cash at bank and in hand | 54/58 | €17,866 | €23,920 | +€6,054 | +33.9% |
| Deferred charges and accrued income | 490/1 | €359 | €105 | -€254 | -70.7% |
| Total equity and liabilities | 10/49 | €74,073 | €181,342 | +€107,269 | +144.8% |
| Equity | 10/15 | €60,934 | €1,000 | -€59,934 | -98.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €59,934 | - | -€59,934 | |
| Distributable reserves | 133 | €59,934 | - | -€59,934 | |
| Amounts payable | 17/49 | €13,139 | €180,342 | +€167,203 | +1272.5% |
| Amounts payable within one year | 42/48 | €13,139 | €180,342 | +€167,203 | +1272.5% |
| Financial debts | 43 | - | €125,000 | +€125,000 | |
| Credit institutions | 430/8 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €3,775 | €14,045 | +€10,270 | +272.0% |
| Suppliers | 440/4 | €3,775 | €14,045 | +€10,270 | +272.0% |
| Taxes, remuneration and social security | 45 | €8,180 | €7,493 | -€687 | -8.4% |
| Taxes | 450/3 | €8,180 | €7,493 | -€687 | -8.4% |
| Other amounts payable | 47/48 | €1,184 | €33,803 | +€32,619 | +2754.8% |
| Non-recurring operating income | 76A | €17,385 | - | -€17,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,043 | €13,264 | -€779 | -5.5% |
| Other operating charges | 640/8 | €2,043 | €1,722 | -€321 | -15.7% |
| Gross operating margin | 9900 | €75,724 | €69,384 | -€6,340 | -8.4% |
| Operating profit (loss) | 9901 | €59,637 | €54,397 | -€5,240 | -8.8% |
| Financial income | 75/76B | €3 | €3 | +€0 | +10.7% |
| Recurring financial income | 75 | €3 | €3 | +€0 | +10.7% |
| Financial charges | 65/66B | €4,994 | €6,441 | +€1,447 | +29.0% |
| Recurring financial charges | 65 | €4,994 | €6,441 | +€1,447 | +29.0% |
| Profit (loss) for the period before taxes | 9903 | €54,646 | €47,960 | -€6,686 | -12.2% |
| Income taxes | 67/77 | €14,708 | €16,509 | +€1,801 | +12.2% |
| Profit (loss) for the period | 9904 | €39,938 | €31,451 | -€8,488 | -21.3% |
| Profit (loss) for the period to be appropriated | 9905 | €39,938 | €31,451 | -€8,488 | -21.3% |
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 28 September 2026 via checked.be.