SYNCTIV: 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.
SYNCTIV
Largest movements
- Receivables within one year +€296,609
up €296,609 (+59.5%), from €498,686 to €795,295
of which Trade receivables: +€296,620
- Tangible fixed assets -€166,431
down €166,431 (-52.3%), from €318,059 to €151,628
of which Assets under construction and advance payments: -€148,255
- Cash -€40,541
down €40,541 (-25.2%), from €160,935 to €120,394
mainly Contributions, distributions and other (-€837,000) and Receivables within one year (-€296,609)
- Current investments -€38,279
no longer reported in 2025 (was €38,279)
- Other debts +€710,787
up €710,787 (+13,758%), from €5,166 to €715,954
- Reserves -€632,168
down €632,168 (-91.8%), from €688,993 to €56,825
- Current portion of long-term debt -€108,916
down €108,916 (-84.0%), from €129,625 to €20,709
- Trade debts +€65,071
up €65,071 (+27.8%), from €234,065 to €299,137
- Tax, wage and social debts +€56,748
up €56,748 (+157%), from €36,058 to €92,806
of which Taxes: +€54,621
- Gross operating margin +€52,396
up €52,396 (+11.3%), from €463,193 to €515,589
- Staff costs -€44,569
down €44,569 (-18.0%), from €246,985 to €202,415
- Taxes +€32,070
up €32,070 (+59.8%), from €53,623 to €85,693
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 | €1,176,031 | €1,222,146 | +€46,115 | +3.9% |
| Fixed assets | 21/28 | €318,059 | €151,628 | -€166,431 | -52.3% |
| Tangible fixed assets | 22/27 | €318,059 | €151,628 | -€166,431 | -52.3% |
| Land and buildings | 22 | €130,950 | €126,709 | -€4,241 | -3.2% |
| Plant, machinery and equipment | 23 | €409 | - | -€409 | |
| Furniture and vehicles | 24 | €38,445 | €24,919 | -€13,526 | -35.2% |
| Assets under construction and advance payments | 27 | €148,255 | - | -€148,255 | |
| Current assets | 29/58 | €857,972 | €1,070,518 | +€212,545 | +24.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €498,686 | €795,295 | +€296,609 | +59.5% |
| Trade receivables | 40 | €487,186 | €783,806 | +€296,620 | +60.9% |
| Other amounts receivable | 41 | €11,500 | €11,489 | -€11 | -0.1% |
| Current investments | 50/53 | €38,279 | - | -€38,279 | |
| Cash at bank and in hand | 54/58 | €160,935 | €120,394 | -€40,541 | -25.2% |
| Deferred charges and accrued income | 490/1 | €60,073 | €54,829 | -€5,244 | -8.7% |
| Total equity and liabilities | 10/49 | €1,176,031 | €1,222,146 | +€46,115 | +3.9% |
| Equity | 10/15 | €706,586 | €74,418 | -€632,168 | -89.5% |
| Contributions | 10/11 | €17,593 | €17,593 | = | 0.0% |
| Reserves | 13 | €688,993 | €56,825 | -€632,168 | -91.8% |
| Distributable reserves | 133 | €688,993 | €56,825 | -€632,168 | -91.8% |
| Amounts payable | 17/49 | €469,445 | €1,147,728 | +€678,282 | +144% |
| Amounts payable after more than one year | 17 | €41,262 | €19,123 | -€22,138 | -53.7% |
| Financial debts | 170/4 | €41,262 | €19,123 | -€22,138 | -53.7% |
| Amounts payable within one year | 42/48 | €404,915 | €1,128,605 | +€723,690 | +179% |
| Current portion of amounts payable after more than one year | 42 | €129,625 | €20,709 | -€108,916 | -84.0% |
| Trade debts | 44 | €234,065 | €299,137 | +€65,071 | +27.8% |
| Suppliers | 440/4 | €234,065 | €299,137 | +€65,071 | +27.8% |
| Taxes, remuneration and social security | 45 | €36,058 | €92,806 | +€56,748 | +157% |
| Taxes | 450/3 | €17,543 | €72,165 | +€54,621 | +311% |
| Remuneration and social security | 454/9 | €18,514 | €20,641 | +€2,126 | +11.5% |
| Other amounts payable | 47/48 | €5,166 | €715,954 | +€710,787 | +13,758% |
| Accrued charges and deferred income | 492/3 | €23,269 | - | -€23,269 | |
| Non-recurring operating income | 76A | - | €28,075 | +€28,075 | |
| Remuneration, social security and pensions | 62 | €246,985 | €202,415 | -€44,569 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,404 | €20,052 | -€1,351 | -6.3% |
| Other operating charges | 640/8 | €1,696 | €4,667 | +€2,970 | +175% |
| Non-recurring operating charges | 66A | €1,015 | - | -€1,015 | |
| Gross operating margin | 9900 | €463,193 | €515,589 | +€52,396 | +11.3% |
| Operating profit (loss) | 9901 | €192,094 | €288,455 | +€96,361 | +50.2% |
| Financial income | 75/76B | €11,681 | €7,428 | -€4,252 | -36.4% |
| Recurring financial income | 75 | €11,681 | €7,428 | -€4,252 | -36.4% |
| Financial charges | 65/66B | €5,518 | €5,358 | -€160 | -2.9% |
| Recurring financial charges | 65 | €5,518 | €5,358 | -€160 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €198,257 | €290,525 | +€92,268 | +46.5% |
| Income taxes | 67/77 | €53,623 | €85,693 | +€32,070 | +59.8% |
| Profit (loss) for the period | 9904 | €144,634 | €204,832 | +€60,198 | +41.6% |
| Profit (loss) for the period to be appropriated | 9905 | €144,634 | €204,832 | +€60,198 | +41.6% |
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 15 October 2026 via checked.be.