SYNK: what changed
What changed
SYNK
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
€19,200
2024 · €36,585-€17,385
Equity
€913,203
2024 · €894,003+€19,200
Cash
€11,373
2024 · €10,679+€694
Balance sheet total
€1.1m
2024 · €1.1m-€6,920
Largest movements
Assets
- Tangible fixed assets -€70,759
down €70,759 (-15.5%), from €456,812 to €386,053
of which Furniture and vehicles: -€55,986
- Receivables within one year +€67,722
up €67,722 (+11.1%), from €610,946 to €678,668
of which Other amounts receivable: +€61,345
Equity and liabilities
- Reserves +€19,200
up €19,200 (+2.5%), from €772,003 to €791,203
- Tax, wage and social debts -€18,753
down €18,753 (-40.4%), from €46,364 to €27,610
of which Taxes: -€18,701
Income statement
- Taxes -€7,109
down €7,109 (-48.7%), from €14,584 to €7,475
- Gross operating margin +€6,040
up €6,040 (+8.3%), from €72,579 to €78,619
- Other operating charges -€1,361
down €1,361 (-35.8%), from €3,807 to €2,446
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€36,585
Gross operating margin
+€6,040
Other operating charges
+€1,361
Other operating items
-€32,459
Financial income
-€0
Financial charges
+€563
Taxes
+€7,109
Result 2025
€19,200
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€46,444
Investment
+€55,986
Financing
-€8,848
Cash 2024
€10,679
From operations (derived)
-€46,444
Net result for the year
+€19,200
Depreciation
+€14,773
Receivables within one year
-€67,722
Deferred charges and accrued income
+€4,577
Trade debts
-€418
Tax, wage and social debts
-€18,753
Other debts
+€1,900
Investment (derived)
+€55,986
Investment in fixed assets (net)
+€55,986
Financing
-€8,848
Debts after one year
-€8,963
Current portion of long-term debt
+€116
Cash 2025
€11,373
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,083,013 | €1,076,094 | -€6,920 | -0.6% |
| Fixed assets | 21/28 | €456,812 | €386,053 | -€70,759 | -15.5% |
| Tangible fixed assets | 22/27 | €456,812 | €386,053 | -€70,759 | -15.5% |
| Land and buildings | 22 | €400,825 | €386,053 | -€14,773 | -3.7% |
| Furniture and vehicles | 24 | €55,986 | €0 | -€55,986 | -100% |
| Current assets | 29/58 | €626,201 | €690,041 | +€63,840 | +10.2% |
| Amounts receivable within one year | 40/41 | €610,946 | €678,668 | +€67,722 | +11.1% |
| Trade receivables | 40 | €1,014 | €7,390 | +€6,376 | +629% |
| Other amounts receivable | 41 | €609,932 | €671,277 | +€61,345 | +10.1% |
| Cash at bank and in hand | 54/58 | €10,679 | €11,373 | +€694 | +6.5% |
| Deferred charges and accrued income | 490/1 | €4,577 | €0 | -€4,577 | -100% |
| Total equity and liabilities | 10/49 | €1,083,013 | €1,076,094 | -€6,920 | -0.6% |
| Equity | 10/15 | €894,003 | €913,203 | +€19,200 | +2.1% |
| Contributions | 10/11 | €122,000 | €122,000 | = | 0.0% |
| Reserves | 13 | €772,003 | €791,203 | +€19,200 | +2.5% |
| Distributable reserves | 133 | €772,003 | €791,203 | +€19,200 | +2.5% |
| Amounts payable | 17/49 | €189,011 | €162,891 | -€26,120 | -13.8% |
| Amounts payable after more than one year | 17 | €105,288 | €96,325 | -€8,963 | -8.5% |
| Financial debts | 170/4 | €105,288 | €96,325 | -€8,963 | -8.5% |
| Amounts payable within one year | 42/48 | €83,722 | €66,566 | -€17,157 | -20.5% |
| Current portion of amounts payable after more than one year | 42 | €8,848 | €8,963 | +€116 | +1.3% |
| Trade debts | 44 | €1,448 | €1,029 | -€418 | -28.9% |
| Suppliers | 440/4 | €1,448 | €1,029 | -€418 | -28.9% |
| Taxes, remuneration and social security | 45 | €46,364 | €27,610 | -€18,753 | -40.4% |
| Taxes | 450/3 | €44,471 | €25,770 | -€18,701 | -42.1% |
| Remuneration and social security | 454/9 | €1,893 | €1,841 | -€52 | -2.8% |
| Other amounts payable | 47/48 | €27,063 | €28,963 | +€1,900 | +7.0% |
| Non-recurring operating income | 76A | €3,668 | €0 | -€3,668 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,773 | €14,773 | = | 0.0% |
| Other operating charges | 640/8 | €3,807 | €2,446 | -€1,361 | -35.8% |
| Non-recurring operating charges | 66A | €0 | €32,459 | +€32,459 | |
| Gross operating margin | 9900 | €72,579 | €78,619 | +€6,040 | +8.3% |
| Operating profit (loss) | 9901 | €53,999 | €28,942 | -€25,057 | -46.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -90.6% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -90.6% |
| Financial charges | 65/66B | €2,830 | €2,267 | -€563 | -19.9% |
| Recurring financial charges | 65 | €2,830 | €2,267 | -€563 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €51,169 | €26,675 | -€24,494 | -47.9% |
| Income taxes | 67/77 | €14,584 | €7,475 | -€7,109 | -48.7% |
| Profit (loss) for the period | 9904 | €36,585 | €19,200 | -€17,385 | -47.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,585 | €19,200 | -€17,385 | -47.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.