SYNINVEST: 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.
SYNINVEST
Largest movements
- Receivables within one year -€30,650
down €30,650 (-34.0%), from €90,274 to €59,625
of which Trade receivables: -€40,120
- Cash -€13,673
down €13,673 (-63.7%), from €21,451 to €7,778
mainly Other debts (-€237,962) and Stocks and contracts (-€2,982)
- Other debts -€237,962
down €237,962 (-31.0%), from €767,803 to €529,841
- Trade debts +€88,801
up €88,801 (+716%), from €12,404 to €101,205
- Short-term financial debts +€75,350
up €75,350 (+133%), from €56,500 to €131,850
- Accrued charges and deferred income +€21,231
up €21,231 (+885%), from €2,400 to €23,631
- Gross operating margin -€19,552
down €19,552 (-34.6%), from €56,520 to €36,968
- Write-downs -€18,000
down €18,000 (-56.3%), from €32,000 to €14,000
- Other operating charges -€5,033
down €5,033 (-49.5%), from €10,167 to €5,134
- Taxes +€763
up €763 (+25.9%), from €2,943 to €3,706
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.
Derived cash bridge
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 | €856,245 | €814,124 | -€42,121 | -4.9% |
| Fixed assets | 21/28 | €2,924 | €2,143 | -€781 | -26.7% |
| Tangible fixed assets | 22/27 | €1,724 | €943 | -€781 | -45.3% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €1,724 | €943 | -€781 | -45.3% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €853,322 | €811,981 | -€41,341 | -4.8% |
| Stocks and contracts in progress | 3 | €741,596 | €744,578 | +€2,982 | +0.4% |
| Stocks | 30/36 | €741,596 | €744,578 | +€2,982 | +0.4% |
| Amounts receivable within one year | 40/41 | €90,274 | €59,625 | -€30,650 | -34.0% |
| Trade receivables | 40 | €80,090 | €39,970 | -€40,120 | -50.1% |
| Other amounts receivable | 41 | €10,184 | €19,654 | +€9,470 | +93.0% |
| Cash at bank and in hand | 54/58 | €21,451 | €7,778 | -€13,673 | -63.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €856,245 | €814,124 | -€42,121 | -4.9% |
| Equity | 10/15 | €13,055 | €20,948 | +€7,892 | +60.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,050 | €1,050 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,050 | €1,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,595 | €1,298 | +€7,892 | |
| Amounts payable | 17/49 | €843,190 | €793,177 | -€50,013 | -5.9% |
| Amounts payable within one year | 42/48 | €840,790 | €769,545 | -€71,245 | -8.5% |
| Financial debts | 43 | €56,500 | €131,850 | +€75,350 | +133% |
| Credit institutions | 430/8 | €56,500 | €131,850 | +€75,350 | +133% |
| Trade debts | 44 | €12,404 | €101,205 | +€88,801 | +716% |
| Suppliers | 440/4 | €12,404 | €101,205 | +€88,801 | +716% |
| Taxes, remuneration and social security | 45 | €4,083 | €6,649 | +€2,566 | +62.9% |
| Taxes | 450/3 | €4,083 | €6,649 | +€2,566 | +62.9% |
| Other amounts payable | 47/48 | €767,803 | €529,841 | -€237,962 | -31.0% |
| Accrued charges and deferred income | 492/3 | €2,400 | €23,631 | +€21,231 | +885% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €879 | €781 | -€98 | -11.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,000 | €14,000 | -€18,000 | -56.3% |
| Other operating charges | 640/8 | €10,167 | €5,134 | -€5,033 | -49.5% |
| Gross operating margin | 9900 | €56,520 | €36,968 | -€19,552 | -34.6% |
| Operating profit (loss) | 9901 | €13,475 | €17,053 | +€3,579 | +26.6% |
| Financial income | 75/76B | €65 | €7 | -€57 | -88.7% |
| Recurring financial income | 75 | €65 | €7 | -€57 | -88.7% |
| Financial charges | 65/66B | €5,541 | €5,462 | -€78 | -1.4% |
| Recurring financial charges | 65 | €5,541 | €5,462 | -€78 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €7,998 | €11,598 | +€3,600 | +45.0% |
| Income taxes | 67/77 | €2,943 | €3,706 | +€763 | +25.9% |
| Profit (loss) for the period | 9904 | €5,055 | €7,892 | +€2,837 | +56.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,055 | €7,892 | +€2,837 | +56.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.