SYNICO: 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.
SYNICO
Largest movements
- Tangible fixed assets -€2,127
no longer reported in 2021 (was €2,127)
- Current assets +€1,686
up €1,686 (+32.6%), from €5,173 to €6,860
of which Receivables within one year: +€6,087
- Debts within one year -€9,609
down €9,609 (-23.4%), from €41,134 to €31,524
of which Trade debts: -€6,832
- Equity +€9,169
up €9,169 (+27.1%), from -€33,833 to -€24,664
of which Contributions: +€14,200
- Gross operating margin +€30,074
up €30,074, from -€18,260 to €11,814
- Depreciation -€706
down €706 (-24.9%), from €2,833 to €2,127
- Other operating charges +€297
new in 2021: €297
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,300 | €6,860 | -€441 | -6.0% |
| Fixed assets | 21/28 | €2,127 | - | -€2,127 | |
| Tangible fixed assets | 22/27 | €2,127 | - | -€2,127 | |
| Current assets | 29/58 | €5,173 | €6,860 | +€1,686 | +32.6% |
| Amounts receivable within one year | 40/41 | €76 | €6,163 | +€6,087 | +8,036% |
| Trade receivables | 40 | - | €6,163 | +€6,163 | |
| Cash at bank and in hand | 54/58 | €4,581 | €159 | -€4,422 | -96.5% |
| Deferred charges and accrued income | 490/1 | - | €537 | +€537 | |
| Total equity and liabilities | 10/49 | €7,300 | €6,860 | -€441 | -6.0% |
| Equity | 10/15 | -€33,833 | -€24,664 | +€9,169 | +27.1% |
| Contributions | 10/11 | - | €14,200 | +€14,200 | |
| Profit (loss) carried forward | 14 | -€48,033 | -€38,864 | +€9,169 | +19.1% |
| Amounts payable | 17/49 | €41,134 | €31,524 | -€9,609 | -23.4% |
| Amounts payable within one year | 42/48 | €41,134 | €31,524 | -€9,609 | -23.4% |
| Trade debts | 44 | €7,898 | €1,066 | -€6,832 | -86.5% |
| Suppliers | 440/4 | - | €1,066 | +€1,066 | |
| Taxes, remuneration and social security | 45 | - | €1,200 | +€1,200 | |
| Taxes | 450/3 | - | €1,200 | +€1,200 | |
| Other amounts payable | 47/48 | - | €29,258 | +€29,258 | |
| Non-recurring operating income | 76A | - | €4,285 | +€4,285 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,833 | €2,127 | -€706 | -24.9% |
| Other operating charges | 640/8 | - | €297 | +€297 | |
| Gross operating margin | 9900 | -€18,260 | €11,814 | +€30,074 | |
| Operating profit (loss) | 9901 | -€25,180 | €9,390 | +€34,570 | |
| Financial charges | 65/66B | - | €112 | +€112 | |
| Recurring financial charges | 65 | €399 | €112 | -€288 | -72.0% |
| Profit (loss) for the period before taxes | 9903 | -€25,579 | €9,278 | +€34,857 | |
| Income taxes | 67/77 | €111 | €110 | -€2 | -1.7% |
| Profit (loss) for the period | 9904 | -€25,690 | €9,169 | +€34,859 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,690 | €9,169 | +€34,859 |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.