Synestate: 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.
Synestate
Largest movements
- Cash +€42,737
up €42,737 (+50.2%), from €85,058 to €127,795
mainly Net result for the year (+€53,759) and Deferred charges and accrued income (+€2,293)
- Receivables within one year +€6,705
new in 2025: €6,705
of which Trade receivables: +€6,433
- Deferred charges and accrued income -€2,293
down €2,293 (-86.1%), from €2,663 to €369
- Profit (loss) carried forward +€53,759
up €53,759 (+89.7%), from €59,965 to €113,723
- Tax, wage and social debts -€8,175
down €8,175 (-36.9%), from €22,152 to €13,977
- Other debts +€2,003
up €2,003 (+56.3%), from €3,560 to €5,563
- Gross operating margin -€7,528
down €7,528 (-9.9%), from €75,940 to €68,412
- Taxes -€1,446
down €1,446 (-9.4%), from €15,423 to €13,977
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.
Cash bridge derived
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 | €88,848 | €136,323 | +€47,475 | +53.4% |
| Fixed assets | 21/28 | €1,127 | €1,453 | +€326 | +28.9% |
| Tangible fixed assets | 22/27 | €1,127 | €1,453 | +€326 | +28.9% |
| Plant, machinery and equipment | 23 | €1,127 | €1,453 | +€326 | +28.9% |
| Current assets | 29/58 | €87,721 | €134,869 | +€47,149 | +53.7% |
| Amounts receivable within one year | 40/41 | - | €6,705 | +€6,705 | |
| Trade receivables | 40 | - | €6,433 | +€6,433 | |
| Other amounts receivable | 41 | - | €272 | +€272 | |
| Cash at bank and in hand | 54/58 | €85,058 | €127,795 | +€42,737 | +50.2% |
| Deferred charges and accrued income | 490/1 | €2,663 | €369 | -€2,293 | -86.1% |
| Total equity and liabilities | 10/49 | €88,848 | €136,323 | +€47,475 | +53.4% |
| Equity | 10/15 | €62,965 | €116,723 | +€53,759 | +85.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,965 | €113,723 | +€53,759 | +89.7% |
| Amounts payable | 17/49 | €25,883 | €19,599 | -€6,284 | -24.3% |
| Amounts payable within one year | 42/48 | €25,883 | €19,599 | -€6,284 | -24.3% |
| Trade debts | 44 | €171 | €59 | -€112 | -65.5% |
| Suppliers | 440/4 | €171 | €59 | -€112 | -65.5% |
| Taxes, remuneration and social security | 45 | €22,152 | €13,977 | -€8,175 | -36.9% |
| Taxes | 450/3 | €22,152 | €13,977 | -€8,175 | -36.9% |
| Other amounts payable | 47/48 | €3,560 | €5,563 | +€2,003 | +56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95 | €713 | +€618 | +651.4% |
| Other operating charges | 640/8 | €385 | - | -€385 | |
| Gross operating margin | 9900 | €75,940 | €68,412 | -€7,528 | -9.9% |
| Operating profit (loss) | 9901 | €75,460 | €67,699 | -€7,761 | -10.3% |
| Financial income | 75/76B | - | €127 | +€127 | |
| Recurring financial income | 75 | - | €127 | +€127 | |
| Financial charges | 65/66B | €72 | €90 | +€18 | +24.4% |
| Recurring financial charges | 65 | €72 | €90 | +€18 | +24.4% |
| Profit (loss) for the period before taxes | 9903 | €75,388 | €67,736 | -€7,652 | -10.2% |
| Income taxes | 67/77 | €15,423 | €13,977 | -€1,446 | -9.4% |
| Profit (loss) for the period | 9904 | €59,965 | €53,759 | -€6,206 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,965 | €53,759 | -€6,206 | -10.3% |
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 4 October 2026 via checked.be.