SYNFAC: 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.
SYNFAC
Largest movements
- Receivables within one year -€197,588
down €197,588 (-41.9%), from €471,631 to €274,043
of which Trade receivables: -€201,388
- Cash +€133,999
up €133,999 (+9,312%), from €1,439 to €135,438
mainly Other debts (+€253,398) and Receivables within one year (+€197,588)
- Tangible fixed assets -€120,840
down €120,840 (-14.9%), from €813,464 to €692,624
- Other debts +€253,398
up €253,398 (+898%), from €28,221 to €281,619
- Trade debts -€156,778
down €156,778 (-71.3%), from €219,830 to €63,052
- Current portion of long-term debt -€135,745
down €135,745 (-46.8%), from €289,935 to €154,190
- Debts after one year -€98,210
down €98,210 (-18.2%), from €539,018 to €440,808
- Tax, wage and social debts -€56,040
down €56,040 (-41.0%), from €136,765 to €80,725
of which Remuneration and social security: -€40,951
- Staff costs -€138,549
down €138,549 (-21.7%), from €639,286 to €500,737
- Gross operating margin -€27,512
down €27,512 (-3.8%), from €720,554 to €693,042
- Depreciation -€20,641
down €20,641 (-14.5%), from €142,559 to €121,918
- Other operating charges -€8,194
down €8,194 (-63.5%), from €12,900 to €4,706
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 | €1,457,089 | €1,264,805 | -€192,284 | -13.2% |
| Fixed assets | 21/28 | €983,664 | €855,324 | -€128,340 | -13.0% |
| Tangible fixed assets | 22/27 | €813,464 | €692,624 | -€120,840 | -14.9% |
| Land and buildings | 22 | €672,699 | €616,672 | -€56,027 | -8.3% |
| Plant, machinery and equipment | 23 | €39,365 | €25,508 | -€13,857 | -35.2% |
| Furniture and vehicles | 24 | €10,394 | €7,801 | -€2,593 | -24.9% |
| Leasing and similar rights | 25 | €91,006 | €42,643 | -€48,363 | -53.1% |
| Financial fixed assets | 28 | €170,200 | €162,700 | -€7,500 | -4.4% |
| Current assets | 29/58 | €473,425 | €409,481 | -€63,944 | -13.5% |
| Amounts receivable within one year | 40/41 | €471,631 | €274,043 | -€197,588 | -41.9% |
| Trade receivables | 40 | €330,036 | €128,648 | -€201,388 | -61.0% |
| Other amounts receivable | 41 | €141,595 | €145,395 | +€3,800 | +2.7% |
| Cash at bank and in hand | 54/58 | €1,439 | €135,438 | +€133,999 | +9,312% |
| Deferred charges and accrued income | 490/1 | €355 | - | -€355 | |
| Total equity and liabilities | 10/49 | €1,457,089 | €1,264,805 | -€192,284 | -13.2% |
| Equity | 10/15 | €118,320 | €119,411 | +€1,091 | +0.9% |
| Contributions | 10/11 | €101,860 | €101,860 | = | 0.0% |
| Contributions outside capital | 11 | €101,860 | €101,860 | = | 0.0% |
| Other | 1109/19 | €101,860 | €101,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,460 | €17,551 | +€1,091 | +6.6% |
| Amounts payable | 17/49 | €1,338,769 | €1,145,394 | -€193,375 | -14.4% |
| Amounts payable after more than one year | 17 | €539,018 | €440,808 | -€98,210 | -18.2% |
| Financial debts | 170/4 | €539,018 | €440,808 | -€98,210 | -18.2% |
| Amounts payable within one year | 42/48 | €799,751 | €704,586 | -€95,165 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €289,935 | €154,190 | -€135,745 | -46.8% |
| Financial debts | 43 | €125,000 | €125,000 | = | 0.0% |
| Credit institutions | 430/8 | €125,000 | - | -€125,000 | |
| Other loans | 439 | - | €125,000 | +€125,000 | |
| Trade debts | 44 | €219,830 | €63,052 | -€156,778 | -71.3% |
| Suppliers | 440/4 | €219,830 | €63,052 | -€156,778 | -71.3% |
| Taxes, remuneration and social security | 45 | €136,765 | €80,725 | -€56,040 | -41.0% |
| Taxes | 450/3 | €28,560 | €13,471 | -€15,089 | -52.8% |
| Remuneration and social security | 454/9 | €108,205 | €67,254 | -€40,951 | -37.8% |
| Other amounts payable | 47/48 | €28,221 | €281,619 | +€253,398 | +898% |
| Non-recurring operating income | 76A | €36,660 | €32,345 | -€4,315 | -11.8% |
| Remuneration, social security and pensions | 62 | €639,286 | €500,737 | -€138,549 | -21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,559 | €121,918 | -€20,641 | -14.5% |
| Other operating charges | 640/8 | €12,900 | €4,706 | -€8,194 | -63.5% |
| Gross operating margin | 9900 | €720,554 | €693,042 | -€27,512 | -3.8% |
| Operating profit (loss) | 9901 | -€74,191 | €65,681 | +€139,872 | |
| Financial income | 75/76B | €3 | €10 | +€7 | +233% |
| Recurring financial income | 75 | €3 | €10 | +€7 | +233% |
| Financial charges | 65/66B | €55,572 | €56,820 | +€1,248 | +2.2% |
| Recurring financial charges | 65 | €55,572 | €56,820 | +€1,248 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€129,760 | €8,871 | +€138,631 | |
| Income taxes | 67/77 | €3,820 | €7,780 | +€3,960 | +104% |
| Profit (loss) for the period | 9904 | -€133,580 | €1,091 | +€134,671 | |
| Profit (loss) for the period to be appropriated | 9905 | -€133,580 | €1,091 | +€134,671 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.