SYNERGY ER: what changed
What changed
SYNERGY ER
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€62,655
2024 · -€19,142+€81,797
Equity
€346,587
2024 · €359,361-€12,775
Cash
€162,279
2024 · €94,675+€67,604
Balance sheet total
€1.0m
2024 · €1.0m-€9,450
Largest movements
Assets
- Cash +€67,604
up €67,604 (+71.4%), from €94,675 to €162,279
mainly Other debts (+€75,480) and Net result for the year (+€62,655)
- Receivables within one year -€32,192
down €32,192 (-17.9%), from €179,873 to €147,681
of which Trade receivables: -€24,998
- Deferred charges and accrued income -€30,279
down €30,279 (-87.3%), from €34,674 to €4,394
- Stocks and contracts -€20,233
down €20,233 (-20.5%), from €98,565 to €78,331
Equity and liabilities
- Other debts +€75,480
up €75,480 (+58.7%), from €128,533 to €204,013
- Trade debts -€63,365
down €63,365 (-80.5%), from €78,698 to €15,333
- Debts after one year -€20,364
down €20,364 (-5.0%), from €410,356 to €389,992
- Profit (loss) carried forward -€10,875
down €10,875 (-3.6%), from €304,704 to €293,829
Income statement
- Gross operating margin +€106,794
up €106,794 (+69.5%), from €153,579 to €260,373
- Taxes +€12,683
up €12,683, from €0 to €12,683
- Staff costs +€7,078
up €7,078 (+6.6%), from €106,533 to €113,612
- Depreciation +€3,544
up €3,544 (+6.8%), from €51,860 to €55,404
- Financial income -€3,010
down €3,010 (-59.4%), from €5,070 to €2,060
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.
Result 2024
-€19,142
Gross operating margin
+€106,794
Staff costs
-€7,078
Depreciation
-€3,544
Other operating charges
-€811
Other operating items
-€36
Financial income
-€3,010
Financial charges
+€2,164
Taxes
-€12,683
Result 2025
€62,655
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€218,199
Investment
-€61,055
Financing
-€89,540
Cash 2024
€94,675
From operations (derived)
+€218,199
Net result for the year
+€62,655
Depreciation
+€55,404
Stocks and contracts
+€20,233
Receivables within one year
+€32,192
Deferred charges and accrued income
+€30,279
Trade debts
-€63,365
Tax, wage and social debts
+€4,754
Other debts
+€75,480
Accrued charges and deferred income
+€565
Investment (derived)
-€61,055
Investment in fixed assets (net)
-€61,055
Financing
-€89,540
Debts after one year
-€20,364
Current portion of long-term debt
+€6,254
Contributions, distributions and other
-€75,430
Cash 2025
€162,279
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,030,422 | €1,020,973 | -€9,450 | -0.9% |
| Fixed assets | 21/28 | €602,636 | €608,287 | +€5,651 | +0.9% |
| Intangible fixed assets | 21 | €7,619 | €5,293 | -€2,326 | -30.5% |
| Tangible fixed assets | 22/27 | €595,018 | €602,995 | +€7,977 | +1.3% |
| Land and buildings | 22 | €559,493 | €545,811 | -€13,681 | -2.4% |
| Plant, machinery and equipment | 23 | €9,395 | €4,083 | -€5,313 | -56.5% |
| Furniture and vehicles | 24 | €26,130 | €53,101 | +€26,971 | +103% |
| Current assets | 29/58 | €427,786 | €412,685 | -€15,101 | -3.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 291 | €20,000 | €20,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €98,565 | €78,331 | -€20,233 | -20.5% |
| Stocks | 30/36 | €98,565 | €78,331 | -€20,233 | -20.5% |
| Amounts receivable within one year | 40/41 | €179,873 | €147,681 | -€32,192 | -17.9% |
| Trade receivables | 40 | €97,851 | €72,853 | -€24,998 | -25.5% |
| Other amounts receivable | 41 | €82,022 | €74,827 | -€7,195 | -8.8% |
| Cash at bank and in hand | 54/58 | €94,675 | €162,279 | +€67,604 | +71.4% |
| Deferred charges and accrued income | 490/1 | €34,674 | €4,394 | -€30,279 | -87.3% |
| Total equity and liabilities | 10/49 | €1,030,422 | €1,020,973 | -€9,450 | -0.9% |
| Equity | 10/15 | €359,361 | €346,587 | -€12,775 | -3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €304,704 | €293,829 | -€10,875 | -3.6% |
| Investment grants | 15 | €34,198 | €32,298 | -€1,900 | -5.6% |
| Amounts payable | 17/49 | €671,061 | €674,386 | +€3,325 | +0.5% |
| Amounts payable after more than one year | 17 | €410,356 | €389,992 | -€20,364 | -5.0% |
| Financial debts | 170/4 | €410,356 | €389,992 | -€20,364 | -5.0% |
| Amounts payable within one year | 42/48 | €260,705 | €283,829 | +€23,124 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €45,985 | €52,239 | +€6,254 | +13.6% |
| Trade debts | 44 | €78,698 | €15,333 | -€63,365 | -80.5% |
| Suppliers | 440/4 | €78,698 | €15,333 | -€63,365 | -80.5% |
| Taxes, remuneration and social security | 45 | €7,489 | €12,244 | +€4,754 | +63.5% |
| Remuneration and social security | 454/9 | €7,489 | €12,244 | +€4,754 | +63.5% |
| Other amounts payable | 47/48 | €128,533 | €204,013 | +€75,480 | +58.7% |
| Accrued charges and deferred income | 492/3 | - | €565 | +€565 | |
| Non-recurring operating income | 76A | - | €10,000 | +€10,000 | |
| Remuneration, social security and pensions | 62 | €106,533 | €113,612 | +€7,078 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,860 | €55,404 | +€3,544 | +6.8% |
| Other operating charges | 640/8 | €4,153 | €4,963 | +€811 | +19.5% |
| Non-recurring operating charges | 66A | - | €36 | +€36 | |
| Gross operating margin | 9900 | €153,579 | €260,373 | +€106,794 | +69.5% |
| Operating profit (loss) | 9901 | -€8,966 | €86,359 | +€95,326 | |
| Financial income | 75/76B | €5,070 | €2,060 | -€3,010 | -59.4% |
| Recurring financial income | 75 | €5,070 | €2,060 | -€3,010 | -59.4% |
| Financial charges | 65/66B | €15,245 | €13,081 | -€2,164 | -14.2% |
| Recurring financial charges | 65 | €15,245 | €13,081 | -€2,164 | -14.2% |
| Profit (loss) for the period before taxes | 9903 | -€19,142 | €75,338 | +€94,480 | |
| Income taxes | 67/77 | €0 | €12,683 | +€12,683 | |
| Profit (loss) for the period | 9904 | -€19,142 | €62,655 | +€81,797 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,142 | €62,655 | +€81,797 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.