SYNLOCK: 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.
SYNLOCK
Largest movements
- Intangible fixed assets +€679,345
up €679,345 (+66.1%), from €1.0m to €1.7m
- Cash +€231,748
up €231,748 (+1,628%), from €14,233 to €245,981
mainly Debts after one year (+€690,309) and Contributions, distributions and other (+€494,745)
- Receivables within one year +€46,665
up €46,665 (+97.2%), from €48,023 to €94,688
- Tangible fixed assets -€40,279
down €40,279 (-6.2%), from €650,406 to €610,127
of which Land and buildings: -€26,834
- Debts after one year +€690,309
up €690,309 (+63.1%), from €1.1m to €1.8m
- Contributions +€400,000
up €400,000 (+66.7%), from €600,000 to €1.0m
- Profit (loss) carried forward -€149,959
down €149,959 (-109%), from -€137,180 to -€287,139
- Current portion of long-term debt -€99,973
down €99,973 (-63.8%), from €156,679 to €56,706
- Investment grants +€94,745
up €94,745 (+4,922%), from €1,925 to €96,670
- Gross operating margin -€118,291
down €118,291, from €74,373 to -€43,918
- Staff costs -€65,217
no longer reported in 2025 (was €65,217)
- Financial charges +€31,048
up €31,048 (+151%), from €20,570 to €51,618
- Depreciation +€2,974
up €2,974 (+6.8%), from €43,498 to €46,472
- Other operating charges +€1,029
up €1,029 (+14.7%), from €6,984 to €8,013
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,745,506 | €2,674,219 | +€928,713 | +53.2% |
| Formation expenses | 20 | €1,555 | €994 | -€561 | -36.1% |
| Fixed assets | 21/28 | €1,678,402 | €2,317,468 | +€639,066 | +38.1% |
| Intangible fixed assets | 21 | €1,027,996 | €1,707,341 | +€679,345 | +66.1% |
| Tangible fixed assets | 22/27 | €650,406 | €610,127 | -€40,279 | -6.2% |
| Land and buildings | 22 | €558,874 | €532,040 | -€26,834 | -4.8% |
| Plant, machinery and equipment | 23 | €73,393 | €65,028 | -€8,365 | -11.4% |
| Furniture and vehicles | 24 | €16,479 | €11,731 | -€4,748 | -28.8% |
| Assets under construction and advance payments | 27 | €1,660 | €1,328 | -€332 | -20.0% |
| Current assets | 29/58 | €65,549 | €355,757 | +€290,208 | +443% |
| Amounts receivable within one year | 40/41 | €48,023 | €94,688 | +€46,665 | +97.2% |
| Other amounts receivable | 41 | €48,023 | €94,688 | +€46,665 | +97.2% |
| Cash at bank and in hand | 54/58 | €14,233 | €245,981 | +€231,748 | +1,628% |
| Deferred charges and accrued income | 490/1 | €3,293 | €15,088 | +€11,795 | +358% |
| Total equity and liabilities | 10/49 | €1,745,506 | €2,674,219 | +€928,713 | +53.2% |
| Equity | 10/15 | €464,745 | €809,531 | +€344,786 | +74.2% |
| Contributions | 10/11 | €600,000 | €1,000,000 | +€400,000 | +66.7% |
| Profit (loss) carried forward | 14 | -€137,180 | -€287,139 | -€149,959 | -109% |
| Investment grants | 15 | €1,925 | €96,670 | +€94,745 | +4,922% |
| Amounts payable | 17/49 | €1,280,761 | €1,864,688 | +€583,927 | +45.6% |
| Amounts payable after more than one year | 17 | €1,093,322 | €1,783,631 | +€690,309 | +63.1% |
| Financial debts | 170/4 | €1,093,322 | €1,783,631 | +€690,309 | +63.1% |
| Amounts payable within one year | 42/48 | €180,861 | €81,057 | -€99,804 | -55.2% |
| Current portion of amounts payable after more than one year | 42 | €156,679 | €56,706 | -€99,973 | -63.8% |
| Trade debts | 44 | €4,992 | €13,117 | +€8,125 | +163% |
| Suppliers | 440/4 | €4,992 | €13,117 | +€8,125 | +163% |
| Taxes, remuneration and social security | 45 | €16,198 | €8,242 | -€7,956 | -49.1% |
| Remuneration and social security | 454/9 | €16,198 | €8,242 | -€7,956 | -49.1% |
| Other amounts payable | 47/48 | €2,992 | €2,992 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,578 | - | -€6,578 | |
| Remuneration, social security and pensions | 62 | €65,217 | - | -€65,217 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,498 | €46,472 | +€2,974 | +6.8% |
| Other operating charges | 640/8 | €6,984 | €8,013 | +€1,029 | +14.7% |
| Gross operating margin | 9900 | €74,373 | -€43,918 | -€118,291 | |
| Operating profit (loss) | 9901 | -€41,326 | -€98,403 | -€57,077 | -138% |
| Financial income | 75/76B | €123 | €62 | -€61 | -49.6% |
| Recurring financial income | 75 | €123 | €62 | -€61 | -49.6% |
| Financial charges | 65/66B | €20,570 | €51,618 | +€31,048 | +151% |
| Recurring financial charges | 65 | €20,570 | €51,618 | +€31,048 | +151% |
| Profit (loss) for the period before taxes | 9903 | -€61,773 | -€149,959 | -€88,186 | -143% |
| Profit (loss) for the period | 9904 | -€61,773 | -€149,959 | -€88,186 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,773 | -€149,959 | -€88,186 | -143% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.