SYNGULARITY: 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.
What changed
SYNGULARITY
NACE 73.200, Market research and public opinion polling
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.9m
2024 · -€70,206+€8.0m
Equity
€38.5m
2024 · €30.6m+€7.9m
Cash
€82,636
2024 · €498,467-€415,831
Balance sheet total
€45.9m
2024 · €37.7m+€8.1m
Largest movements
Assets
- Financial fixed assets +€8.4m
up €8.4m (+49.1%), from €17.0m to €25.4m
Equity and liabilities
- Profit (loss) carried forward +€7.8m
up €7.8m (+86.6%), from €9.0m to €16.8m
Income statement
- Financial income +€6.7m
up €6.7m (+427.4%), from €1.6m to €8.2m
- Financial charges -€1.1m
down €1.1m (-81.7%), from €1.4m to €254,365
- Other operating charges -€127,550
down €127,550 (-99.2%), from €128,520 to €970
- Gross operating margin +€70,710
up €70,710 (+68.4%), from -€103,386 to -€32,676
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.
Result 2024
-€70,206
Gross operating margin
+€70,710
Depreciation
+€938
Other operating charges
+€127,550
Financial income
+€6.7m
Financial charges
+€1.1m
Taxes
+€0
Result 2025
€7.9m
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.
From operations
+€7.9m
Investment
-€8.4m
Financing
€0
Cash 2024
€498,467
From operations (derived)
+€7.9m
Net result for the year
+€7.9m
Depreciation
+€5,656
Receivables after one year
-€221,557
Receivables within one year
+€28,856
Smaller working-capital items
+€5,578
Other debts
+€196,426
Investment (derived)
-€8.4m
Investment in fixed assets (net)
-€8.4m
Cash 2025
€82,636
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €37,749,847 | €45,873,038 | +€8.1m | +21.5% |
| Fixed assets | 21/28 | €17,021,576 | €25,368,232 | +€8.3m | +49.0% |
| Tangible fixed assets | 22/27 | €6,659 | €1,003 | -€5,656 | -84.9% |
| Furniture and vehicles | 24 | €2,769 | €754 | -€2,015 | -72.8% |
| Other tangible fixed assets | 26 | €3,890 | €249 | -€3,641 | -93.6% |
| Financial fixed assets | 28 | €17,014,918 | €25,367,230 | +€8.4m | +49.1% |
| Current assets | 29/58 | €20,728,270 | €20,504,806 | -€223,465 | -1.1% |
| Amounts receivable after more than one year | 29 | €20,180,011 | €20,401,568 | +€221,557 | +1.1% |
| Other amounts receivable | 291 | €20,180,011 | €20,401,568 | +€221,557 | +1.1% |
| Amounts receivable within one year | 40/41 | €49,457 | €20,601 | -€28,856 | -58.3% |
| Trade receivables | 40 | €18,300 | €18,300 | = | 0.0% |
| Other amounts receivable | 41 | €31,157 | €2,301 | -€28,856 | -92.6% |
| Cash at bank and in hand | 54/58 | €498,467 | €82,636 | -€415,831 | -83.4% |
| Deferred charges and accrued income | 490/1 | €334 | - | -€334 | |
| Total equity and liabilities | 10/49 | €37,749,847 | €45,873,038 | +€8.1m | +21.5% |
| Equity | 10/15 | €30,575,479 | €38,497,001 | +€7.9m | +25.9% |
| Contributions | 10/11 | €21,338,625 | €21,338,625 | = | 0.0% |
| Capital | 10 | €3,663,866 | €3,663,866 | = | 0.0% |
| Issued capital | 100 | €3,663,866 | €3,663,866 | = | 0.0% |
| Outside capital | 11 | €17,674,759 | €17,674,759 | = | 0.0% |
| Share premium | 1100/10 | €17,674,759 | €17,674,759 | = | 0.0% |
| Reserves | 13 | €237,125 | €366,387 | +€129,262 | +54.5% |
| Non-distributable reserves | 130/1 | €237,125 | €366,387 | +€129,262 | +54.5% |
| Legal reserve | 130 | €237,125 | €366,387 | +€129,262 | +54.5% |
| Profit (loss) carried forward | 14 | €8,999,730 | €16,791,989 | +€7.8m | +86.6% |
| Amounts payable | 17/49 | €7,174,367 | €7,376,037 | +€201,670 | +2.8% |
| Amounts payable after more than one year | 17 | €7,000,000 | €7,000,000 | = | 0.0% |
| Financial debts | 170/4 | €7,000,000 | €7,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €174,367 | €376,037 | +€201,670 | +115.7% |
| Trade debts | 44 | €272 | €5,515 | +€5,243 | +1929.2% |
| Suppliers | 440/4 | €272 | €5,515 | +€5,243 | +1929.2% |
| Other amounts payable | 47/48 | €174,096 | €370,522 | +€196,426 | +112.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,594 | €5,656 | -€938 | -14.2% |
| Other operating charges | 640/8 | €128,520 | €970 | -€127,550 | -99.2% |
| Gross operating margin | 9900 | -€103,386 | -€32,676 | +€70,710 | +68.4% |
| Operating profit (loss) | 9901 | -€238,500 | -€39,302 | +€199,198 | +83.5% |
| Financial income | 75/76B | €1,557,671 | €8,215,189 | +€6.7m | +427.4% |
| Recurring financial income | 75 | €1,557,671 | €8,215,189 | +€6.7m | +427.4% |
| Financial charges | 65/66B | €1,389,376 | €254,365 | -€1.1m | -81.7% |
| Recurring financial charges | 65 | €1,389,376 | €254,365 | -€1.1m | -81.7% |
| Profit (loss) for the period before taxes | 9903 | -€70,206 | €7,921,522 | +€8.0m | |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€70,206 | €7,921,522 | +€8.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,206 | €7,921,522 | +€8.0m |
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 1 October 2026 via checked.be.