SYNCRO SYSTEM: 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.
What changed
SYNCRO SYSTEM
NACE 46.711, Wholesale of cars and light vans (up to 3.5 tonnes)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€380,551
2024 · €458,220-€77,669
Equity
€2.7m
2024 · €2.6m+€103,011
Cash
€817,317
2024 · €902,765-€85,447
Balance sheet total
€3.0m
2024 · €3.0m-€17,765
Largest movements
Assets
- Cash -€85,447
down €85,447 (-9.5%), from €902,765 to €817,317
mainly Contributions, distributions and other (-€277,541) and Investment in fixed assets (net) (-€74,579)
- Receivables within one year +€31,032
up €31,032 (+17.2%), from €180,007 to €211,039
of which Other amounts receivable: +€41,392
Equity and liabilities
- Reserves +€103,486
up €103,486 (+6.1%), from €1.7m to €1.8m
of which Distributable reserves: +€139,026
- Trade debts -€34,990
down €34,990 (-25.7%), from €136,152 to €101,162
Income statement
- Gross operating margin -€133,142
down €133,142 (-8.2%), from €1.6m to €1.5m
- Taxes -€53,854
down €53,854 (-23.8%), from €226,695 to €172,841
- Financial income +€21,648
up €21,648 (+114.7%), from €18,875 to €40,524
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.
Result 2024
€458,220
Gross operating margin
-€133,142
Staff costs
-€15,709
Depreciation
-€1,370
Write-downs
-€3,373
Other operating charges
+€49
Financial income
+€21,648
Financial charges
+€374
Taxes
+€53,854
Result 2025
€380,551
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.
From operations
+€310,056
Investment
-€86,844
Financing
-€308,660
Cash 2024
€902,765
From operations (derived)
+€310,056
Net result for the year
+€380,551
Depreciation
+€52,532
Stocks and contracts
+€3,051
Receivables within one year
-€31,032
Deferred charges and accrued income
-€5,389
Trade debts
-€34,990
Tax, wage and social debts
-€28,961
Advances received
-€23,567
Other debts
-€1,290
Accrued charges and deferred income
-€849
Investment (derived)
-€86,844
Investment in fixed assets (net)
-€74,579
Current investments
-€12,265
Financing
-€308,660
Debts after one year
-€21,886
Current portion of long-term debt
-€9,233
Contributions, distributions and other
-€277,541
Cash 2025
€817,317
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,007,440 | €2,989,676 | -€17,765 | -0.6% |
| Fixed assets | 21/28 | €229,868 | €251,916 | +€22,047 | +9.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €229,868 | €251,916 | +€22,047 | +9.6% |
| Land and buildings | 22 | €32,435 | €32,435 | = | 0.0% |
| Plant, machinery and equipment | 23 | €58,345 | €95,535 | +€37,190 | +63.7% |
| Furniture and vehicles | 24 | €139,089 | €123,946 | -€15,143 | -10.9% |
| Current assets | 29/58 | €2,777,572 | €2,737,760 | -€39,812 | -1.4% |
| Stocks and contracts in progress | 3 | €279,059 | €276,008 | -€3,051 | -1.1% |
| Stocks | 30/36 | €279,059 | €276,008 | -€3,051 | -1.1% |
| Amounts receivable within one year | 40/41 | €180,007 | €211,039 | +€31,032 | +17.2% |
| Trade receivables | 40 | €134,655 | €124,295 | -€10,360 | -7.7% |
| Other amounts receivable | 41 | €45,353 | €86,745 | +€41,392 | +91.3% |
| Current investments | 50/53 | €1,408,974 | €1,421,239 | +€12,265 | +0.9% |
| Cash at bank and in hand | 54/58 | €902,765 | €817,317 | -€85,447 | -9.5% |
| Deferred charges and accrued income | 490/1 | €6,768 | €12,157 | +€5,389 | +79.6% |
| Total equity and liabilities | 10/49 | €3,007,440 | €2,989,676 | -€17,765 | -0.6% |
| Equity | 10/15 | €2,555,779 | €2,658,789 | +€103,011 | +4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,701,327 | €1,804,812 | +€103,486 | +6.1% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €34,128 | €448 | -€33,680 | -98.7% |
| Distributable reserves | 133 | €1,665,339 | €1,804,364 | +€139,026 | +8.3% |
| Profit (loss) carried forward | 14 | €832,770 | €832,770 | = | 0.0% |
| Investment grants | 15 | €3,082 | €2,607 | -€475 | -15.4% |
| Amounts payable | 17/49 | €451,661 | €330,886 | -€120,775 | -26.7% |
| Amounts payable after more than one year | 17 | €21,886 | €0 | -€21,886 | -100.0% |
| Financial debts | 170/4 | €21,886 | €0 | -€21,886 | -100.0% |
| Amounts payable within one year | 42/48 | €427,926 | €329,886 | -€98,041 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €31,119 | €21,886 | -€9,233 | -29.7% |
| Trade debts | 44 | €136,152 | €101,162 | -€34,990 | -25.7% |
| Suppliers | 440/4 | €136,152 | €101,162 | -€34,990 | -25.7% |
| Advances received on contracts in progress | 46 | €47,645 | €24,079 | -€23,567 | -49.5% |
| Taxes, remuneration and social security | 45 | €210,772 | €181,810 | -€28,961 | -13.7% |
| Taxes | 450/3 | €94,686 | €69,792 | -€24,894 | -26.3% |
| Remuneration and social security | 454/9 | €116,086 | €112,018 | -€4,068 | -3.5% |
| Other amounts payable | 47/48 | €2,238 | €949 | -€1,290 | -57.6% |
| Accrued charges and deferred income | 492/3 | €1,849 | €1,000 | -€849 | -45.9% |
| Remuneration, social security and pensions | 62 | €899,117 | €914,826 | +€15,709 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,162 | €52,532 | +€1,370 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€501 | €2,872 | +€3,373 | |
| Other operating charges | 640/8 | €7,831 | €7,783 | -€49 | -0.6% |
| Gross operating margin | 9900 | €1,628,745 | €1,495,603 | -€133,142 | -8.2% |
| Operating profit (loss) | 9901 | €671,135 | €517,590 | -€153,545 | -22.9% |
| Financial income | 75/76B | €18,875 | €40,524 | +€21,648 | +114.7% |
| Recurring financial income | 75 | €18,875 | €40,524 | +€21,648 | +114.7% |
| Financial charges | 65/66B | €5,096 | €4,721 | -€374 | -7.3% |
| Recurring financial charges | 65 | €5,096 | €4,721 | -€374 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €684,915 | €553,392 | -€131,523 | -19.2% |
| Income taxes | 67/77 | €226,695 | €172,841 | -€53,854 | -23.8% |
| Profit (loss) for the period | 9904 | €458,220 | €380,551 | -€77,669 | -17.0% |
| Transfer from tax-exempt reserves | 789 | €126,300 | €33,680 | -€92,620 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €584,520 | €414,231 | -€170,289 | -29.1% |
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 7 October 2026 via checked.be.