SYNEX: 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.
SYNEX
Largest movements
- Cash +€28,531
up €28,531 (+24.8%), from €115,242 to €143,773
mainly Receivables within one year (+€12,863) and Investment in fixed assets (net) (+€5,087)
- Receivables within one year -€12,863
down €12,863 (-91.7%), from €14,020 to €1,157
of which Trade receivables: -€12,646
- Tangible fixed assets -€6,201
down €6,201 (-9.7%), from €64,139 to €57,938
of which Furniture and vehicles: -€3,847
- Tax, wage and social debts +€4,192
up €4,192 (+4018.5%), from €104 to €4,296
- Debts after one year +€3,241
up €3,241 (+3.1%), from €103,494 to €106,734
- Other operating charges +€14,045
up €14,045 (+267.7%), from €5,246 to €19,291
- Depreciation -€9,752
down €9,752 (-80.6%), from €12,106 to €2,354
- Gross operating margin -€3,178
down €3,178 (-13.4%), from €23,719 to €20,541
- Financial income -€895
down €895 (-80.7%), from €1,109 to €214
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 | €195,417 | €203,437 | +€8,020 | +4.1% |
| Fixed assets | 21/28 | €65,379 | €57,938 | -€7,441 | -11.4% |
| Tangible fixed assets | 22/27 | €64,139 | €57,938 | -€6,201 | -9.7% |
| Land and buildings | 22 | €60,292 | €57,938 | -€2,354 | -3.9% |
| Furniture and vehicles | 24 | €3,847 | €0 | -€3,847 | -100.0% |
| Financial fixed assets | 28 | €1,239 | €0 | -€1,239 | -100.0% |
| Current assets | 29/58 | €130,038 | €145,498 | +€15,461 | +11.9% |
| Amounts receivable within one year | 40/41 | €14,020 | €1,157 | -€12,863 | -91.7% |
| Trade receivables | 40 | €13,463 | €817 | -€12,646 | -93.9% |
| Other amounts receivable | 41 | €557 | €340 | -€217 | -39.0% |
| Cash at bank and in hand | 54/58 | €115,242 | €143,773 | +€28,531 | +24.8% |
| Deferred charges and accrued income | 490/1 | €775 | €569 | -€207 | -26.7% |
| Total equity and liabilities | 10/49 | €195,417 | €203,437 | +€8,020 | +4.1% |
| Equity | 10/15 | €90,236 | €89,076 | -€1,160 | -1.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €28,262 | €27,103 | -€1,160 | -4.1% |
| Non-distributable reserves | 130/1 | €3,379 | €3,379 | = | 0.0% |
| Legal reserve | 130 | €3,379 | €3,379 | = | 0.0% |
| Distributable reserves | 133 | €24,884 | €23,724 | -€1,160 | -4.7% |
| Amounts payable | 17/49 | €105,181 | €114,361 | +€9,180 | +8.7% |
| Amounts payable after more than one year | 17 | €103,494 | €106,734 | +€3,241 | +3.1% |
| Other amounts payable | 178/9 | €103,494 | €106,734 | +€3,241 | +3.1% |
| Amounts payable within one year | 42/48 | €1,687 | €7,498 | +€5,811 | +344.4% |
| Trade debts | 44 | €1,583 | €3,202 | +€1,619 | +102.3% |
| Suppliers | 440/4 | €1,583 | €3,202 | +€1,619 | +102.3% |
| Taxes, remuneration and social security | 45 | €104 | €4,296 | +€4,192 | +4018.5% |
| Taxes | 450/3 | €104 | €4,296 | +€4,192 | +4018.5% |
| Accrued charges and deferred income | 492/3 | - | €128 | +€128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,106 | €2,354 | -€9,752 | -80.6% |
| Other operating charges | 640/8 | €5,246 | €19,291 | +€14,045 | +267.7% |
| Gross operating margin | 9900 | €23,719 | €20,541 | -€3,178 | -13.4% |
| Operating profit (loss) | 9901 | €6,367 | -€1,103 | -€7,470 | |
| Financial income | 75/76B | €1,109 | €214 | -€895 | -80.7% |
| Recurring financial income | 75 | €1,109 | €214 | -€895 | -80.7% |
| Financial charges | 65/66B | €236 | €271 | +€35 | +14.6% |
| Recurring financial charges | 65 | €236 | €271 | +€35 | +14.6% |
| Profit (loss) for the period before taxes | 9903 | €7,240 | -€1,160 | -€8,400 | |
| Profit (loss) for the period | 9904 | €7,240 | -€1,160 | -€8,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,240 | -€1,160 | -€8,400 |
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 8 October 2026 via checked.be.