SYNCO: 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.
SYNCO
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+33.0%), from €4.7m to €6.2m
of which Land and buildings: +€1.5m
- Stocks and contracts +€178,872
up €178,872 (+4.2%), from €4.3m to €4.5m
- Debts after one year +€863,521
up €863,521 (+21.1%), from €4.1m to €5.0m
- Other debts +€450,000
up €450,000 (+900.0%), from €50,000 to €500,000
- Short-term financial debts +€235,920
up €235,920 (+1601.9%), from €14,727 to €250,647
of which Credit institutions: +€200,000
- Reserves +€187,765
up €187,765 (+5.2%), from €3.6m to €3.8m
of which Distributable reserves: +€187,765
- Current portion of long-term debt +€111,301
up €111,301 (+27.3%), from €407,325 to €518,625
- Gross operating margin -€206,436
down €206,436 (-9.3%), from €2.2m to €2.0m
- Depreciation +€111,631
up €111,631 (+47.1%), from €236,951 to €348,583
- Taxes -€101,175
down €101,175 (-35.1%), from €288,077 to €186,903
- Staff costs +€34,345
up €34,345 (+6.1%), from €567,651 to €601,995
- Financial charges +€25,219
up €25,219 (+25.2%), from €100,129 to €125,348
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 | €9,390,598 | €11,093,252 | +€1.7m | +18.1% |
| Fixed assets | 21/28 | €4,702,878 | €6,249,327 | +€1.5m | +32.9% |
| Tangible fixed assets | 22/27 | €4,685,854 | €6,232,303 | +€1.5m | +33.0% |
| Land and buildings | 22 | €4,634,520 | €6,165,428 | +€1.5m | +33.0% |
| Plant, machinery and equipment | 23 | €23,469 | €46,875 | +€23,406 | +99.7% |
| Other tangible fixed assets | 26 | €27,865 | €19,999 | -€7,866 | -28.2% |
| Financial fixed assets | 28 | €17,024 | €17,024 | = | 0.0% |
| Current assets | 29/58 | €4,687,720 | €4,843,925 | +€156,205 | +3.3% |
| Stocks and contracts in progress | 3 | €4,293,749 | €4,472,621 | +€178,872 | +4.2% |
| Stocks | 30/36 | €4,293,749 | €4,472,621 | +€178,872 | +4.2% |
| Amounts receivable within one year | 40/41 | €99,025 | €140,800 | +€41,775 | +42.2% |
| Trade receivables | 40 | €99,025 | €110,976 | +€11,951 | +12.1% |
| Other amounts receivable | 41 | - | €29,824 | +€29,824 | |
| Cash at bank and in hand | 54/58 | €271,164 | €199,476 | -€71,687 | -26.4% |
| Deferred charges and accrued income | 490/1 | €23,783 | €31,029 | +€7,246 | +30.5% |
| Total equity and liabilities | 10/49 | €9,390,598 | €11,093,252 | +€1.7m | +18.1% |
| Equity | 10/15 | €3,742,026 | €3,929,791 | +€187,765 | +5.0% |
| Contributions | 10/11 | €118,500 | €118,500 | = | 0.0% |
| Reserves | 13 | €3,623,526 | €3,811,291 | +€187,765 | +5.2% |
| Tax-exempt reserves | 132 | €38,748 | €38,748 | = | 0.0% |
| Distributable reserves | 133 | €3,584,778 | €3,772,543 | +€187,765 | +5.2% |
| Amounts payable | 17/49 | €5,648,573 | €7,163,461 | +€1.5m | +26.8% |
| Amounts payable after more than one year | 17 | €4,091,773 | €4,955,294 | +€863,521 | +21.1% |
| Financial debts | 170/4 | €4,091,773 | €4,955,294 | +€863,521 | +21.1% |
| Amounts payable within one year | 42/48 | €1,535,100 | €2,188,902 | +€653,801 | +42.6% |
| Current portion of amounts payable after more than one year | 42 | €407,325 | €518,625 | +€111,301 | +27.3% |
| Financial debts | 43 | €14,727 | €250,647 | +€235,920 | +1601.9% |
| Credit institutions | 430/8 | - | €200,000 | +€200,000 | |
| Other loans | 439 | €14,727 | €50,647 | +€35,920 | +243.9% |
| Trade debts | 44 | €824,703 | €738,460 | -€86,243 | -10.5% |
| Suppliers | 440/4 | €824,703 | €738,460 | -€86,243 | -10.5% |
| Advances received on contracts in progress | 46 | - | €10,652 | +€10,652 | |
| Taxes, remuneration and social security | 45 | €238,345 | €170,517 | -€67,828 | -28.5% |
| Taxes | 450/3 | €138,300 | €58,808 | -€79,492 | -57.5% |
| Remuneration and social security | 454/9 | €100,045 | €111,709 | +€11,664 | +11.7% |
| Other amounts payable | 47/48 | €50,000 | €500,000 | +€450,000 | +900.0% |
| Accrued charges and deferred income | 492/3 | €21,700 | €19,266 | -€2,435 | -11.2% |
| Remuneration, social security and pensions | 62 | €567,651 | €601,995 | +€34,345 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,951 | €348,583 | +€111,631 | +47.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €53,875 | €46,086 | -€7,789 | -14.5% |
| Other operating charges | 640/8 | €29,444 | €30,767 | +€1,322 | +4.5% |
| Gross operating margin | 9900 | €2,228,633 | €2,022,197 | -€206,436 | -9.3% |
| Operating profit (loss) | 9901 | €1,340,711 | €994,766 | -€345,945 | -25.8% |
| Financial income | 75/76B | €4,477 | €5,250 | +€773 | +17.3% |
| Recurring financial income | 75 | €4,477 | €5,250 | +€773 | +17.3% |
| Financial charges | 65/66B | €100,129 | €125,348 | +€25,219 | +25.2% |
| Recurring financial charges | 65 | €100,129 | €125,348 | +€25,219 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €1,245,059 | €874,668 | -€370,391 | -29.7% |
| Income taxes | 67/77 | €288,077 | €186,903 | -€101,175 | -35.1% |
| Profit (loss) for the period | 9904 | €956,982 | €687,765 | -€269,216 | -28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €956,982 | €687,765 | -€269,216 | -28.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.