Synergy@Work: what changed
Synergy@Work
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€77,540
up €77,540 (+81.4%), from €95,238 to €172,778
- Cash +€71,169
up €71,169 (+120%), from €59,436 to €130,605
mainly Net result for the year (+€324,971) and Current investments (+€100,000)
- Tangible fixed assets +€43,352
up €43,352 (+17.9%), from €242,609 to €285,961
of which Other tangible fixed assets: +€42,935
- Profit (loss) carried forward +€94,971
up €94,971 (+39.7%), from €239,135 to €334,106
- Other debts +€50,000
up €50,000 (+50.0%), from €100,000 to €150,000
- Current portion of long-term debt -€30,000
no longer reported in 2025 (was €30,000)
- Tax, wage and social debts -€15,645
down €15,645 (-16.3%), from €95,756 to €80,111
of which Taxes: -€15,650
- Gross operating margin +€105,940
up €105,940 (+14.4%), from €736,627 to €842,566
- Other operating charges -€26,671
down €26,671 (-79.1%), from €33,724 to €7,052
- Taxes +€21,842
up €21,842 (+22.1%), from €98,756 to €120,598
- Staff costs +€19,495
up €19,495 (+6.6%), from €295,699 to €315,194
- Depreciation +€17,536
up €17,536 (+66.7%), from €26,282 to €43,818
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 | €510,050 | €603,805 | +€93,755 | +18.4% |
| Fixed assets | 21/28 | €242,609 | €285,961 | +€43,352 | +17.9% |
| Tangible fixed assets | 22/27 | €242,609 | €285,961 | +€43,352 | +17.9% |
| Plant, machinery and equipment | 23 | €1,848 | €1,330 | -€518 | -28.0% |
| Furniture and vehicles | 24 | €29,868 | €30,802 | +€934 | +3.1% |
| Other tangible fixed assets | 26 | €210,893 | €253,828 | +€42,935 | +20.4% |
| Current assets | 29/58 | €267,441 | €317,844 | +€50,403 | +18.8% |
| Amounts receivable within one year | 40/41 | €95,238 | €172,778 | +€77,540 | +81.4% |
| Trade receivables | 40 | €95,238 | €172,778 | +€77,540 | +81.4% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €59,436 | €130,605 | +€71,169 | +120% |
| Deferred charges and accrued income | 490/1 | €12,766 | €14,461 | +€1,695 | +13.3% |
| Total equity and liabilities | 10/49 | €510,050 | €603,805 | +€93,755 | +18.4% |
| Equity | 10/15 | €259,540 | €354,511 | +€94,971 | +36.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €239,135 | €334,106 | +€94,971 | +39.7% |
| Amounts payable | 17/49 | €250,509 | €249,294 | -€1,216 | -0.5% |
| Amounts payable within one year | 42/48 | €249,663 | €249,294 | -€370 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | - | -€30,000 | |
| Trade debts | 44 | €23,908 | €19,183 | -€4,725 | -19.8% |
| Suppliers | 440/4 | €23,908 | €19,183 | -€4,725 | -19.8% |
| Taxes, remuneration and social security | 45 | €95,756 | €80,111 | -€15,645 | -16.3% |
| Taxes | 450/3 | €46,248 | €30,598 | -€15,650 | -33.8% |
| Remuneration and social security | 454/9 | €49,508 | €49,513 | +€5 | 0.0% |
| Other amounts payable | 47/48 | €100,000 | €150,000 | +€50,000 | +50.0% |
| Accrued charges and deferred income | 492/3 | €846 | - | -€846 | |
| Remuneration, social security and pensions | 62 | €295,699 | €315,194 | +€19,495 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,282 | €43,818 | +€17,536 | +66.7% |
| Other operating charges | 640/8 | €33,724 | €7,052 | -€26,671 | -79.1% |
| Gross operating margin | 9900 | €736,627 | €842,566 | +€105,940 | +14.4% |
| Operating profit (loss) | 9901 | €380,922 | €476,502 | +€95,580 | +25.1% |
| Financial income | 75/76B | €2,686 | €1,112 | -€1,575 | -58.6% |
| Recurring financial income | 75 | €2,686 | €1,112 | -€1,575 | -58.6% |
| Financial charges | 65/66B | €23,158 | €32,045 | +€8,887 | +38.4% |
| Recurring financial charges | 65 | €23,158 | €32,045 | +€8,887 | +38.4% |
| Profit (loss) for the period before taxes | 9903 | €360,451 | €445,569 | +€85,118 | +23.6% |
| Income taxes | 67/77 | €98,756 | €120,598 | +€21,842 | +22.1% |
| Profit (loss) for the period | 9904 | €261,695 | €324,971 | +€63,276 | +24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €261,695 | €324,971 | +€63,276 | +24.2% |
Next steps
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 1 November 2026 via checked.be.