SYNCYCLE: 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.
SYNCYCLE
Largest movements
- Cash -€493,208
down €493,208 (-97.5%), from €505,698 to €12,490
mainly Investment in fixed assets (net) (-€490,040) and Net result for the year (-€244,643)
- Tangible fixed assets +€431,339
up €431,339 (+213.4%), from €202,116 to €633,455
of which Other tangible fixed assets: +€406,112
- Receivables within one year +€151,741
up €151,741 (+1158.8%), from €13,095 to €164,836
of which Trade receivables: +€164,709
- Profit (loss) carried forward -€244,644
down €244,644 (-199.8%), from -€122,428 to -€367,072
- Trade debts +€207,890
up €207,890 (+732.2%), from €28,394 to €236,284
- Debts after one year +€121,390
up €121,390 (+100.1%), from €121,242 to €242,632
- Tax, wage and social debts +€14,000
new in 2023: €14,000
of which Remuneration and social security: +€10,598
- Current portion of long-term debt -€11,530
down €11,530 (-25.5%), from €45,208 to €33,678
- Staff costs +€63,517
new in 2023: €63,517
- Depreciation +€48,461
up €48,461 (+459.2%), from €10,553 to €59,014
- Other operating charges +€5,549
new in 2023: €5,549
- Financial charges +€4,252
up €4,252 (+263.8%), from €1,612 to €5,864
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €761,977 | €849,189 | +€87,212 | +11.4% |
| Fixed assets | 21/28 | €240,509 | €671,534 | +€431,025 | +179.2% |
| Intangible fixed assets | 21 | €6,893 | €4,144 | -€2,749 | -39.9% |
| Tangible fixed assets | 22/27 | €202,116 | €633,455 | +€431,339 | +213.4% |
| Furniture and vehicles | 24 | €1,921 | €27,148 | +€25,227 | +1313.2% |
| Other tangible fixed assets | 26 | €200,195 | €606,307 | +€406,112 | +202.9% |
| Financial fixed assets | 28 | €31,500 | €33,935 | +€2,435 | +7.7% |
| Current assets | 29/58 | €521,468 | €177,655 | -€343,813 | -65.9% |
| Amounts receivable within one year | 40/41 | €13,095 | €164,836 | +€151,741 | +1158.8% |
| Trade receivables | 40 | - | €164,709 | +€164,709 | |
| Other amounts receivable | 41 | €13,095 | €128 | -€12,967 | -99.0% |
| Cash at bank and in hand | 54/58 | €505,698 | €12,490 | -€493,208 | -97.5% |
| Deferred charges and accrued income | 490/1 | €2,675 | €329 | -€2,346 | -87.7% |
| Total equity and liabilities | 10/49 | €761,977 | €849,189 | +€87,212 | +11.4% |
| Equity | 10/15 | €566,172 | €321,528 | -€244,644 | -43.2% |
| Contributions | 10/11 | €688,600 | €688,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,428 | -€367,072 | -€244,644 | -199.8% |
| Amounts payable | 17/49 | €195,805 | €527,661 | +€331,856 | +169.5% |
| Amounts payable after more than one year | 17 | €121,242 | €242,632 | +€121,390 | +100.1% |
| Financial debts | 170/4 | €121,242 | €242,632 | +€121,390 | +100.1% |
| Amounts payable within one year | 42/48 | €74,563 | €285,029 | +€210,466 | +282.3% |
| Current portion of amounts payable after more than one year | 42 | €45,208 | €33,678 | -€11,530 | -25.5% |
| Trade debts | 44 | €28,394 | €236,284 | +€207,890 | +732.2% |
| Suppliers | 440/4 | €28,394 | €236,284 | +€207,890 | +732.2% |
| Taxes, remuneration and social security | 45 | - | €14,000 | +€14,000 | |
| Taxes | 450/3 | - | €3,401 | +€3,401 | |
| Remuneration and social security | 454/9 | - | €10,598 | +€10,598 | |
| Other amounts payable | 47/48 | €961 | €1,067 | +€106 | +11.0% |
| Remuneration, social security and pensions | 62 | - | €63,517 | +€63,517 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,553 | €59,014 | +€48,461 | +459.2% |
| Other operating charges | 640/8 | - | €5,549 | +€5,549 | |
| Gross operating margin | 9900 | -€110,263 | -€110,691 | -€428 | -0.4% |
| Operating profit (loss) | 9901 | -€120,816 | -€238,770 | -€117,954 | -97.6% |
| Financial charges | 65/66B | €1,612 | €5,864 | +€4,252 | +263.8% |
| Recurring financial charges | 65 | €1,612 | €5,864 | +€4,252 | +263.8% |
| Profit (loss) for the period before taxes | 9903 | -€122,428 | -€244,634 | -€122,206 | -99.8% |
| Income taxes | 67/77 | - | €9 | +€9 | |
| Profit (loss) for the period | 9904 | -€122,428 | -€244,643 | -€122,215 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€122,428 | -€244,643 | -€122,215 | -99.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2022 and 30 September 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.