SYNERGEN: what changed
SYNERGEN
Largest movements
- Cash +€80,693
up €80,693 (+18.4%), from €437,981 to €518,674
mainly Net result for the year (+€45,788) and Receivables within one year (+€25,362)
- Receivables within one year -€25,362
no longer reported in 2025 (was €25,362)
- Tangible fixed assets -€11,436
down €11,436 (-84.2%), from €13,581 to €2,145
- Reserves +€45,788
up €45,788 (+17.9%), from €255,961 to €301,749
of which Distributable reserves: +€45,788
- Other debts +€13,488
up €13,488 (+10.8%), from €125,043 to €138,532
- Accrued charges and deferred income -€9,040
down €9,040 (-51.2%), from €17,662 to €8,623
- Trade debts -€8,160
down €8,160 (-99.5%), from €8,202 to €42
- Gross operating margin +€21,661
up €21,661 (+41.4%), from €52,335 to €73,996
- Taxes +€6,116
up €6,116 (+170%), from €3,589 to €9,705
- Financial charges -€1,803
down €1,803 (-17.1%), from €10,515 to €8,713
- Financial income -€1,183
down €1,183 (-30.7%), from €3,847 to €2,665
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €478,438 | €522,612 | +€44,173 | +9.2% |
| Fixed assets | 21/28 | €13,581 | €2,145 | -€11,436 | -84.2% |
| Tangible fixed assets | 22/27 | €13,581 | €2,145 | -€11,436 | -84.2% |
| Furniture and vehicles | 24 | €13,581 | €2,145 | -€11,436 | -84.2% |
| Current assets | 29/58 | €464,858 | €520,467 | +€55,609 | +12.0% |
| Amounts receivable within one year | 40/41 | €25,362 | - | -€25,362 | |
| Trade receivables | 40 | €25,362 | - | -€25,362 | |
| Cash at bank and in hand | 54/58 | €437,981 | €518,674 | +€80,693 | +18.4% |
| Deferred charges and accrued income | 490/1 | €1,515 | €1,793 | +€277 | +18.3% |
| Total equity and liabilities | 10/49 | €478,438 | €522,612 | +€44,173 | +9.2% |
| Equity | 10/15 | €317,588 | €363,376 | +€45,788 | +14.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €255,961 | €301,749 | +€45,788 | +17.9% |
| 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 | €254,101 | €299,889 | +€45,788 | +18.0% |
| Profit (loss) carried forward | 14 | €55,427 | €55,427 | = | 0.0% |
| Amounts payable | 17/49 | €160,851 | €159,236 | -€1,615 | -1.0% |
| Amounts payable within one year | 42/48 | €143,189 | €150,613 | +€7,425 | +5.2% |
| Trade debts | 44 | €8,202 | €42 | -€8,160 | -99.5% |
| Suppliers | 440/4 | €8,202 | €42 | -€8,160 | -99.5% |
| Taxes, remuneration and social security | 45 | €9,944 | €12,039 | +€2,096 | +21.1% |
| Taxes | 450/3 | €9,944 | €12,039 | +€2,096 | +21.1% |
| Other amounts payable | 47/48 | €125,043 | €138,532 | +€13,488 | +10.8% |
| Accrued charges and deferred income | 492/3 | €17,662 | €8,623 | -€9,040 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,436 | €11,436 | = | 0.0% |
| Other operating charges | 640/8 | €901 | €520 | -€382 | -42.3% |
| Non-recurring operating charges | 66A | €806 | €499 | -€307 | -38.1% |
| Gross operating margin | 9900 | €52,335 | €73,996 | +€21,661 | +41.4% |
| Operating profit (loss) | 9901 | €39,192 | €61,542 | +€22,350 | +57.0% |
| Financial income | 75/76B | €3,847 | €2,665 | -€1,183 | -30.7% |
| Recurring financial income | 75 | €3,847 | €2,665 | -€1,183 | -30.7% |
| Financial charges | 65/66B | €10,515 | €8,713 | -€1,803 | -17.1% |
| Recurring financial charges | 65 | €10,515 | €8,713 | -€1,803 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €32,524 | €55,494 | +€22,970 | +70.6% |
| Income taxes | 67/77 | €3,589 | €9,705 | +€6,116 | +170% |
| Profit (loss) for the period | 9904 | €28,935 | €45,788 | +€16,854 | +58.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,935 | €45,788 | +€16,854 | +58.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.