SynCom: 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.
SynCom
Largest movements
- Cash +€130,030
up €130,030 (+52.9%), from €245,823 to €375,853
mainly Net result for the year (+€125,763) and Depreciation (+€5,799)
- Tangible fixed assets -€5,799
down €5,799 (-38.8%), from €14,950 to €9,151
- Reserves +€124,904
up €124,904 (+50.3%), from €248,386 to €373,291
- Gross operating margin +€12,807
up €12,807 (+8.2%), from €155,557 to €168,364
- Depreciation +€3,352
up €3,352 (+137%), from €2,447 to €5,799
- Taxes +€2,477
up €2,477 (+7.4%), from €33,346 to €35,823
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.
Derived cash bridge
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 | €300,608 | €427,026 | +€126,419 | +42.1% |
| Fixed assets | 21/28 | €15,235 | €9,436 | -€5,799 | -38.1% |
| Tangible fixed assets | 22/27 | €14,950 | €9,151 | -€5,799 | -38.8% |
| Furniture and vehicles | 24 | €14,950 | €9,151 | -€5,799 | -38.8% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €285,372 | €417,590 | +€132,217 | +46.3% |
| Amounts receivable within one year | 40/41 | €39,446 | €41,077 | +€1,631 | +4.1% |
| Trade receivables | 40 | €39,446 | €41,077 | +€1,631 | +4.1% |
| Cash at bank and in hand | 54/58 | €245,823 | €375,853 | +€130,030 | +52.9% |
| Deferred charges and accrued income | 490/1 | €104 | €660 | +€556 | +536% |
| Total equity and liabilities | 10/49 | €300,608 | €427,026 | +€126,419 | +42.1% |
| Equity | 10/15 | €251,386 | €376,291 | +€124,904 | +49.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €248,386 | €373,291 | +€124,904 | +50.3% |
| Distributable reserves | 133 | €248,386 | €373,291 | +€124,904 | +50.3% |
| Amounts payable | 17/49 | €49,221 | €50,735 | +€1,514 | +3.1% |
| Amounts payable within one year | 42/48 | €49,221 | €50,735 | +€1,514 | +3.1% |
| Trade debts | 44 | €165 | €779 | +€614 | +372% |
| Suppliers | 440/4 | €165 | €779 | +€614 | +372% |
| Taxes, remuneration and social security | 45 | €49,056 | €49,956 | +€900 | +1.8% |
| Taxes | 450/3 | €49,056 | €49,956 | +€900 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,447 | €5,799 | +€3,352 | +137% |
| Other operating charges | 640/8 | €668 | €938 | +€270 | +40.4% |
| Non-recurring operating charges | 66A | €3,056 | - | -€3,056 | |
| Gross operating margin | 9900 | €155,557 | €168,364 | +€12,807 | +8.2% |
| Operating profit (loss) | 9901 | €149,386 | €161,627 | +€12,241 | +8.2% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €149,347 | €161,587 | +€12,240 | +8.2% |
| Income taxes | 67/77 | €33,346 | €35,823 | +€2,477 | +7.4% |
| Profit (loss) for the period | 9904 | €116,001 | €125,763 | +€9,762 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,001 | €125,763 | +€9,762 | +8.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.