SYNERGEO: 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.
SYNERGEO
Largest movements
- Cash +€30,365
up €30,365 (+56.6%), from €53,634 to €83,998
mainly Net result for the year (+€76,956) and Depreciation (+€11,060)
- Receivables within one year +€21,568
up €21,568 (+75.8%), from €28,452 to €50,020
- Reserves +€76,956
up €76,956 (+157%), from €49,038 to €125,994
- Debts after one year -€25,000
down €25,000 (-46.0%), from €54,355 to €29,355
- Tax, wage and social debts +€2,278
up €2,278 (+6.6%), from €34,705 to €36,982
of which Taxes: +€5,153
- Gross operating margin +€38,221
up €38,221 (+51.3%), from €74,482 to €112,703
- Taxes +€7,174
up €7,174 (+52.9%), from €13,569 to €20,743
- Depreciation +€3,227
up €3,227 (+41.2%), from €7,833 to €11,060
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 | €144,003 | €195,310 | +€51,306 | +35.6% |
| Fixed assets | 21/28 | €60,399 | €59,657 | -€742 | -1.2% |
| Tangible fixed assets | 22/27 | €60,399 | €59,657 | -€742 | -1.2% |
| Plant, machinery and equipment | 23 | - | €1,165 | +€1,165 | |
| Furniture and vehicles | 24 | €41,805 | €39,898 | -€1,907 | -4.6% |
| Other tangible fixed assets | 26 | €18,594 | €18,594 | = | 0.0% |
| Current assets | 29/58 | €83,604 | €135,653 | +€52,049 | +62.3% |
| Amounts receivable within one year | 40/41 | €28,452 | €50,020 | +€21,568 | +75.8% |
| Trade receivables | 40 | €28,452 | €50,020 | +€21,568 | +75.8% |
| Cash at bank and in hand | 54/58 | €53,634 | €83,998 | +€30,365 | +56.6% |
| Deferred charges and accrued income | 490/1 | €1,519 | €1,635 | +€116 | +7.7% |
| Total equity and liabilities | 10/49 | €144,003 | €195,310 | +€51,306 | +35.6% |
| Equity | 10/15 | €49,138 | €126,094 | +€76,956 | +157% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €49,038 | €125,994 | +€76,956 | +157% |
| Distributable reserves | 133 | €49,038 | €125,994 | +€76,956 | +157% |
| Amounts payable | 17/49 | €94,866 | €69,216 | -€25,650 | -27.0% |
| Amounts payable after more than one year | 17 | €54,355 | €29,355 | -€25,000 | -46.0% |
| Other amounts payable | 178/9 | €54,355 | €29,355 | -€25,000 | -46.0% |
| Amounts payable within one year | 42/48 | €40,511 | €39,861 | -€650 | -1.6% |
| Trade debts | 44 | €1,878 | €17 | -€1,861 | -99.1% |
| Suppliers | 440/4 | €1,878 | €17 | -€1,861 | -99.1% |
| Taxes, remuneration and social security | 45 | €34,705 | €36,982 | +€2,278 | +6.6% |
| Taxes | 450/3 | €31,829 | €36,982 | +€5,153 | +16.2% |
| Remuneration and social security | 454/9 | €2,876 | - | -€2,876 | |
| Other amounts payable | 47/48 | €3,928 | €2,862 | -€1,066 | -27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,833 | €11,060 | +€3,227 | +41.2% |
| Other operating charges | 640/8 | €134 | €156 | +€22 | +16.7% |
| Gross operating margin | 9900 | €74,482 | €112,703 | +€38,221 | +51.3% |
| Operating profit (loss) | 9901 | €66,515 | €101,486 | +€34,971 | +52.6% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €3,909 | €3,787 | -€122 | -3.1% |
| Recurring financial charges | 65 | €3,909 | €3,787 | -€122 | -3.1% |
| Profit (loss) for the period before taxes | 9903 | €62,606 | €97,699 | +€35,093 | +56.1% |
| Income taxes | 67/77 | €13,569 | €20,743 | +€7,174 | +52.9% |
| Profit (loss) for the period | 9904 | €49,038 | €76,956 | +€27,919 | +56.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,038 | €76,956 | +€27,919 | +56.9% |
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 16 October 2026 via checked.be.