SYNEO: 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.
SYNEO
Largest movements
- Cash +€33,536
up €33,536 (+24.0%), from €139,705 to €173,240
mainly Net result for the year (+€53,526) and Depreciation (+€28,350)
- Tangible fixed assets -€28,350
down €28,350 (-12.4%), from €227,986 to €199,636
of which Other tangible fixed assets: -€15,973
- Receivables within one year +€3,955
up €3,955 (+31.1%), from €12,712 to €16,668
of which Trade receivables: +€3,963
- Profit (loss) carried forward +€43,526
up €43,526 (+43.9%), from €99,168 to €142,694
- Reserves -€30,000
down €30,000 (-23.6%), from €126,860 to €96,860
of which Distributable reserves: -€30,000
- Debts after one year -€20,663
down €20,663 (-26.6%), from €77,710 to €57,047
- Other debts +€17,486
up €17,486 (+83.2%), from €21,005 to €38,491
- Gross operating margin +€10,439
up €10,439 (+11.5%), from €90,575 to €101,015
- Taxes +€4,383
up €4,383 (+33.9%), from €12,935 to €17,319
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 | €380,403 | €389,544 | +€9,142 | +2.4% |
| Fixed assets | 21/28 | €227,986 | €199,636 | -€28,350 | -12.4% |
| Tangible fixed assets | 22/27 | €227,986 | €199,636 | -€28,350 | -12.4% |
| Furniture and vehicles | 24 | €18,963 | €6,586 | -€12,377 | -65.3% |
| Other tangible fixed assets | 26 | €209,022 | €193,050 | -€15,973 | -7.6% |
| Current assets | 29/58 | €152,417 | €189,908 | +€37,491 | +24.6% |
| Amounts receivable within one year | 40/41 | €12,712 | €16,668 | +€3,955 | +31.1% |
| Trade receivables | 40 | €12,705 | €16,668 | +€3,963 | +31.2% |
| Other amounts receivable | 41 | €7 | - | -€7 | |
| Cash at bank and in hand | 54/58 | €139,705 | €173,240 | +€33,536 | +24.0% |
| Total equity and liabilities | 10/49 | €380,403 | €389,544 | +€9,142 | +2.4% |
| Equity | 10/15 | €238,428 | €251,954 | +€13,526 | +5.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €126,860 | €96,860 | -€30,000 | -23.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €125,000 | €95,000 | -€30,000 | -24.0% |
| Profit (loss) carried forward | 14 | €99,168 | €142,694 | +€43,526 | +43.9% |
| Amounts payable | 17/49 | €141,975 | €137,591 | -€4,384 | -3.1% |
| Amounts payable after more than one year | 17 | €77,710 | €57,047 | -€20,663 | -26.6% |
| Financial debts | 170/4 | €77,710 | €57,047 | -€20,663 | -26.6% |
| Amounts payable within one year | 42/48 | €64,265 | €80,544 | +€16,279 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €20,276 | €20,663 | +€387 | +1.9% |
| Trade debts | 44 | €4,247 | €1,241 | -€3,006 | -70.8% |
| Suppliers | 440/4 | €4,247 | €1,241 | -€3,006 | -70.8% |
| Taxes, remuneration and social security | 45 | €18,737 | €20,149 | +€1,412 | +7.5% |
| Taxes | 450/3 | €18,737 | €20,149 | +€1,412 | +7.5% |
| Other amounts payable | 47/48 | €21,005 | €38,491 | +€17,486 | +83.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,547 | €28,350 | +€803 | +2.9% |
| Gross operating margin | 9900 | €90,575 | €101,015 | +€10,439 | +11.5% |
| Operating profit (loss) | 9901 | €63,029 | €72,665 | +€9,637 | +15.3% |
| Financial charges | 65/66B | €2,200 | €1,821 | -€379 | -17.2% |
| Recurring financial charges | 65 | €2,200 | €1,821 | -€379 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | €60,829 | €70,844 | +€10,015 | +16.5% |
| Income taxes | 67/77 | €12,935 | €17,319 | +€4,383 | +33.9% |
| Profit (loss) for the period | 9904 | €47,894 | €53,526 | +€5,632 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,894 | €53,526 | +€5,632 | +11.8% |
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 29 October 2026 via checked.be.