SYNED: 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.
SYNED
Largest movements
- Stocks and contracts -€7,394
down €7,394 (-19.6%), from €37,701 to €30,307
- Tangible fixed assets +€2,793
up €2,793 (+229%), from €1,220 to €4,013
- Cash -€2,176
down €2,176 (-33.4%), from €6,509 to €4,333
mainly Net result for the year (-€5,481) and Investment in fixed assets (net) (-€3,373)
- Receivables within one year -€609
down €609 (-65.1%), from €935 to €326
of which Trade receivables: -€609
- Profit (loss) carried forward -€5,481
down €5,481 (-42.5%), from €12,905 to €7,423
- Tax, wage and social debts -€2,346
down €2,346 (-80.1%), from €2,930 to €584
- Gross operating margin -€3,054
down €3,054 (-343%), from -€890 to -€3,944
- Financial charges -€529
down €529 (-48.7%), from €1,085 to €556
- Taxes +€523
no longer reported in 2025 (was -€523)
- Depreciation +€344
up €344 (+145%), from €237 to €581
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 | €46,366 | €38,979 | -€7,386 | -15.9% |
| Fixed assets | 21/28 | €1,220 | €4,013 | +€2,793 | +229% |
| Tangible fixed assets | 22/27 | €1,220 | €4,013 | +€2,793 | +229% |
| Furniture and vehicles | 24 | €1,220 | €4,013 | +€2,793 | +229% |
| Current assets | 29/58 | €45,145 | €34,966 | -€10,179 | -22.5% |
| Stocks and contracts in progress | 3 | €37,701 | €30,307 | -€7,394 | -19.6% |
| Stocks | 30/36 | €37,701 | €30,307 | -€7,394 | -19.6% |
| Amounts receivable within one year | 40/41 | €935 | €326 | -€609 | -65.1% |
| Trade receivables | 40 | €709 | €100 | -€609 | -85.9% |
| Other amounts receivable | 41 | €226 | €226 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,509 | €4,333 | -€2,176 | -33.4% |
| Total equity and liabilities | 10/49 | €46,366 | €38,979 | -€7,386 | -15.9% |
| Equity | 10/15 | €42,905 | €37,423 | -€5,481 | -12.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,905 | €7,423 | -€5,481 | -42.5% |
| Amounts payable | 17/49 | €3,461 | €1,556 | -€1,905 | -55.0% |
| Amounts payable within one year | 42/48 | €3,461 | €1,556 | -€1,905 | -55.0% |
| Trade debts | 44 | €348 | €490 | +€142 | +40.8% |
| Suppliers | 440/4 | €348 | €490 | +€142 | +40.8% |
| Taxes, remuneration and social security | 45 | €2,930 | €584 | -€2,346 | -80.1% |
| Taxes | 450/3 | €2,930 | €584 | -€2,346 | -80.1% |
| Other amounts payable | 47/48 | €183 | €482 | +€299 | +164% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €237 | €581 | +€344 | +145% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€890 | -€3,944 | -€3,054 | -343% |
| Operating profit (loss) | 9901 | -€1,515 | -€4,925 | -€3,410 | -225% |
| Financial charges | 65/66B | €1,085 | €556 | -€529 | -48.7% |
| Recurring financial charges | 65 | €1,085 | €556 | -€529 | -48.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,600 | -€5,481 | -€2,882 | -111% |
| Income taxes | 67/77 | -€523 | - | +€523 | |
| Profit (loss) for the period | 9904 | -€2,076 | -€5,481 | -€3,405 | -164% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,076 | -€5,481 | -€3,405 | -164% |
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 23 October 2026 via checked.be.