SynerSec: what changed
Two fiscal 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.
SynerSec
Largest movements
- Receivables within one year -€969,702
down €969,702 (-64.4%), from €1.5m to €536,399
- Intangible fixed assets -€480,132
down €480,132 (-46.5%), from €1.0m to €552,285
- Cash +€248,017
up €248,017 (+16.6%), from €1.5m to €1.7m
- Debts after one year -€758,948
down €758,948 (-33.3%), from €2.3m to €1.5m
- Debts within one year -€431,765
down €431,765 (-25.9%), from €1.7m to €1.2m
- Staff costs +€337,187
up €337,187 (+49.3%), from €684,524 to €1.0m
- Gross operating margin +€292,957
up €292,957 (+24.2%), from €1.2m to €1.5m
- Depreciation -€43,236
down €43,236 (-8.2%), from €529,991 to €486,755
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,050,199 | €2,857,661 | -€1.2m | -29.4% |
| Fixed assets | 21/28 | €1,038,284 | €564,245 | -€474,039 | -45.7% |
| Intangible fixed assets | 21 | €1,032,418 | €552,285 | -€480,132 | -46.5% |
| Tangible fixed assets | 22/27 | €5,866 | €11,960 | +€6,093 | +103.9% |
| Plant, machinery and equipment | 23 | €5,866 | €6,613 | +€746 | +12.7% |
| Furniture and vehicles | 24 | - | €5,347 | +€5,347 | |
| Current assets | 29/58 | €3,011,915 | €2,293,416 | -€718,499 | -23.9% |
| Amounts receivable within one year | 40/41 | €1,506,101 | €536,399 | -€969,702 | -64.4% |
| Other amounts receivable | 41 | €1,506,101 | €536,399 | -€969,702 | -64.4% |
| Cash at bank and in hand | 54/58 | €1,493,124 | €1,741,141 | +€248,017 | +16.6% |
| Deferred charges and accrued income | 490/1 | €12,690 | €15,875 | +€3,186 | +25.1% |
| Total equity and liabilities | 10/49 | €4,050,199 | €2,857,661 | -€1.2m | -29.4% |
| Equity | 10/15 | €104,913 | €104,913 | = | 0.0% |
| Reserves | 13 | €104,913 | €104,913 | = | 0.0% |
| Amounts payable | 17/49 | €3,945,286 | €2,752,748 | -€1.2m | -30.2% |
| Amounts payable after more than one year | 17 | €2,276,846 | €1,517,898 | -€758,948 | -33.3% |
| Financial debts | 170/4 | €2,276,846 | €1,517,898 | -€758,948 | -33.3% |
| Amounts payable within one year | 42/48 | €1,666,615 | €1,234,850 | -€431,765 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €758,948 | €758,948 | = | 0.0% |
| Trade debts | 44 | €129,355 | €224,758 | +€95,403 | +73.8% |
| Suppliers | 440/4 | €129,355 | €224,758 | +€95,403 | +73.8% |
| Taxes, remuneration and social security | 45 | €62,004 | €113,139 | +€51,135 | +82.5% |
| Taxes | 450/3 | - | €3,000 | +€3,000 | |
| Remuneration and social security | 454/9 | €62,004 | €110,139 | +€48,135 | +77.6% |
| Accrued charges and deferred income | 492/3 | €1,825 | - | -€1,825 | |
| Non-recurring operating income | 76A | - | €260 | +€260 | |
| Remuneration, social security and pensions | 62 | €684,524 | €1,021,711 | +€337,187 | +49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €529,991 | €486,755 | -€43,236 | -8.2% |
| Other operating charges | 640/8 | €5,900 | €72 | -€5,828 | -98.8% |
| Gross operating margin | 9900 | €1,211,174 | €1,504,131 | +€292,957 | +24.2% |
| Operating profit (loss) | 9901 | -€9,241 | -€4,408 | +€4,834 | +52.3% |
| Financial income | 75/76B | €13,542 | €8,277 | -€5,265 | -38.9% |
| Recurring financial income | 75 | €13,542 | €8,277 | -€5,265 | -38.9% |
| Financial charges | 65/66B | €238 | €940 | +€702 | +295.1% |
| Recurring financial charges | 65 | €238 | €940 | +€702 | +295.1% |
| Profit (loss) for the period before taxes | 9903 | €4,062 | €2,929 | -€1,133 | -27.9% |
| Income taxes | 67/77 | €4,062 | €2,929 | -€1,133 | -27.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.