Synergy2core: 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.
Synergy2core
Largest movements
- Tangible fixed assets -€37,005
down €37,005 (-19.7%), from €187,883 to €150,877
of which Furniture and vehicles: -€23,596
- Cash -€18,877
down €18,877 (-3.1%), from €610,765 to €591,888
mainly Contributions, distributions and other (-€153,670) and Other debts (-€4,508)
- Receivables within one year -€11,525
down €11,525 (-13.0%), from €88,967 to €77,443
of which Trade receivables: -€18,353
- Reserves -€73,410
down €73,410 (-8.4%), from €869,774 to €796,364
- Gross operating margin -€53,933
down €53,933 (-28.3%), from €190,450 to €136,517
- Taxes -€18,113
down €18,113 (-35.4%), from €51,144 to €33,031
- Depreciation +€17,386
up €17,386 (+83.5%), from €20,824 to €38,211
- Financial income +€13,160
up €13,160 (+356%), from €3,697 to €16,856
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 | €910,366 | €839,735 | -€70,631 | -7.8% |
| Fixed assets | 21/28 | €201,883 | €164,877 | -€37,005 | -18.3% |
| Tangible fixed assets | 22/27 | €187,883 | €150,877 | -€37,005 | -19.7% |
| Land and buildings | 22 | €65,485 | €54,236 | -€11,249 | -17.2% |
| Plant, machinery and equipment | 23 | €3,107 | €948 | -€2,160 | -69.5% |
| Furniture and vehicles | 24 | €119,290 | €95,694 | -€23,596 | -19.8% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €708,483 | €674,858 | -€33,626 | -4.7% |
| Amounts receivable within one year | 40/41 | €88,967 | €77,443 | -€11,525 | -13.0% |
| Trade receivables | 40 | €88,720 | €70,366 | -€18,353 | -20.7% |
| Other amounts receivable | 41 | €248 | €7,076 | +€6,829 | +2,756% |
| Cash at bank and in hand | 54/58 | €610,765 | €591,888 | -€18,877 | -3.1% |
| Deferred charges and accrued income | 490/1 | €8,751 | €5,527 | -€3,224 | -36.8% |
| Total equity and liabilities | 10/49 | €910,366 | €839,735 | -€70,631 | -7.8% |
| Equity | 10/15 | €894,774 | €821,364 | -€73,410 | -8.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €869,774 | €796,364 | -€73,410 | -8.4% |
| Distributable reserves | 133 | €869,774 | €796,364 | -€73,410 | -8.4% |
| Amounts payable | 17/49 | €15,592 | €18,371 | +€2,779 | +17.8% |
| Amounts payable within one year | 42/48 | €13,778 | €16,555 | +€2,777 | +20.2% |
| Trade debts | 44 | €4,935 | €4,889 | -€46 | -0.9% |
| Suppliers | 440/4 | €4,935 | €4,889 | -€46 | -0.9% |
| Taxes, remuneration and social security | 45 | €67 | €7,397 | +€7,331 | +11,005% |
| Taxes | 450/3 | €67 | €7,397 | +€7,331 | +11,005% |
| Other amounts payable | 47/48 | €8,776 | €4,269 | -€4,508 | -51.4% |
| Accrued charges and deferred income | 492/3 | €1,814 | €1,816 | +€2 | +0.1% |
| Non-recurring operating income | 76A | €14,700 | - | -€14,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,824 | €38,211 | +€17,386 | +83.5% |
| Other operating charges | 640/8 | €2,197 | €1,785 | -€413 | -18.8% |
| Gross operating margin | 9900 | €190,450 | €136,517 | -€53,933 | -28.3% |
| Operating profit (loss) | 9901 | €167,428 | €96,522 | -€70,906 | -42.4% |
| Financial income | 75/76B | €3,697 | €16,856 | +€13,160 | +356% |
| Recurring financial income | 75 | €3,697 | €16,856 | +€13,160 | +356% |
| Financial charges | 65/66B | €96 | €87 | -€9 | -9.2% |
| Recurring financial charges | 65 | €96 | €87 | -€9 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €171,029 | €113,291 | -€57,738 | -33.8% |
| Income taxes | 67/77 | €51,144 | €33,031 | -€18,113 | -35.4% |
| Profit (loss) for the period | 9904 | €119,885 | €80,260 | -€39,625 | -33.1% |
| Transfer from tax-exempt reserves | 789 | €3,910 | - | -€3,910 | |
| Profit (loss) for the period to be appropriated | 9905 | €123,796 | €80,260 | -€43,536 | -35.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.