Synfin: 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.
Synfin
Largest movements
- Receivables within one year -€47,685
down €47,685 (-63.6%), from €75,030 to €27,344
of which Trade receivables: -€47,685
- Deferred charges and accrued income +€20,244
up €20,244 (+4334.2%), from €467 to €20,711
- Cash +€18,107
up €18,107 (+127.8%), from €14,169 to €32,275
mainly Receivables within one year (+€47,685) and Debts after one year (+€15,278)
- Tangible fixed assets +€14,008
up €14,008 (+64.1%), from €21,849 to €35,857
of which Furniture and vehicles: +€15,841
- Debts after one year +€15,278
new in 2024: €15,278
- Trade debts -€9,938
down €9,938 (-42.6%), from €23,304 to €13,365
- Tax, wage and social debts -€5,174
down €5,174 (-17.5%), from €29,498 to €24,324
of which Taxes: -€6,752
- Current portion of long-term debt +€3,933
new in 2024: €3,933
- Gross operating margin -€18,833
down €18,833 (-13.3%), from €141,564 to €122,731
- Staff costs -€17,603
down €17,603 (-14.2%), from €123,891 to €106,288
- Depreciation -€3,391
down €3,391 (-25.3%), from €13,415 to €10,024
- Write-downs +€1,655
no longer reported in 2024 (was -€1,655)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €111,720 | €116,188 | +€4,468 | +4.0% |
| Fixed assets | 21/28 | €21,849 | €35,857 | +€14,008 | +64.1% |
| Tangible fixed assets | 22/27 | €21,849 | €35,857 | +€14,008 | +64.1% |
| Land and buildings | 22 | €4,689 | - | -€4,689 | |
| Furniture and vehicles | 24 | €17,161 | €33,002 | +€15,841 | +92.3% |
| Other tangible fixed assets | 26 | - | €2,855 | +€2,855 | |
| Current assets | 29/58 | €89,871 | €80,331 | -€9,540 | -10.6% |
| Amounts receivable within one year | 40/41 | €75,030 | €27,344 | -€47,685 | -63.6% |
| Trade receivables | 40 | €74,402 | €26,716 | -€47,685 | -64.1% |
| Other amounts receivable | 41 | €628 | €628 | = | 0.0% |
| Current investments | 50/53 | €205 | - | -€205 | |
| Cash at bank and in hand | 54/58 | €14,169 | €32,275 | +€18,107 | +127.8% |
| Deferred charges and accrued income | 490/1 | €467 | €20,711 | +€20,244 | +4334.2% |
| Total equity and liabilities | 10/49 | €111,720 | €116,188 | +€4,468 | +4.0% |
| Equity | 10/15 | €58,919 | €59,288 | +€369 | +0.6% |
| Contributions | 10/11 | €6,817 | €6,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,102 | €52,471 | +€369 | +0.7% |
| Amounts payable | 17/49 | €52,801 | €56,900 | +€4,099 | +7.8% |
| Amounts payable after more than one year | 17 | - | €15,278 | +€15,278 | |
| Financial debts | 170/4 | - | €15,278 | +€15,278 | |
| Amounts payable within one year | 42/48 | €52,801 | €41,622 | -€11,179 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,933 | +€3,933 | |
| Trade debts | 44 | €23,304 | €13,365 | -€9,938 | -42.6% |
| Suppliers | 440/4 | €23,304 | €13,365 | -€9,938 | -42.6% |
| Taxes, remuneration and social security | 45 | €29,498 | €24,324 | -€5,174 | -17.5% |
| Taxes | 450/3 | €15,645 | €8,893 | -€6,752 | -43.2% |
| Remuneration and social security | 454/9 | €13,853 | €15,431 | +€1,578 | +11.4% |
| Remuneration, social security and pensions | 62 | €123,891 | €106,288 | -€17,603 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,415 | €10,024 | -€3,391 | -25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,655 | - | +€1,655 | |
| Other operating charges | 640/8 | €2,689 | €2,658 | -€31 | -1.1% |
| Gross operating margin | 9900 | €141,564 | €122,731 | -€18,833 | -13.3% |
| Operating profit (loss) | 9901 | €3,224 | €3,761 | +€537 | +16.6% |
| Financial income | 75/76B | €710 | €1 | -€709 | -99.9% |
| Recurring financial income | 75 | €710 | €1 | -€709 | -99.9% |
| Financial charges | 65/66B | €1,818 | €1,124 | -€695 | -38.2% |
| Recurring financial charges | 65 | €1,818 | €1,124 | -€695 | -38.2% |
| Profit (loss) for the period before taxes | 9903 | €2,116 | €2,638 | +€522 | +24.7% |
| Income taxes | 67/77 | €2,071 | €2,269 | +€197 | +9.5% |
| Profit (loss) for the period | 9904 | €44 | €369 | +€325 | +732.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44 | €369 | +€325 | +732.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.