SYNONYME: 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.
SYNONYME
Largest movements
- Receivables within one year +€8,662
up €8,662 (+24.2%), from €35,732 to €44,394
of which Trade receivables: +€10,953
- Stocks and contracts +€7,829
up €7,829 (+5.4%), from €144,214 to €152,043
- Tangible fixed assets +€5,446
up €5,446 (+47.1%), from €11,561 to €17,007
- Reserves +€54,289
up €54,289 (+20.7%), from €262,796 to €317,085
of which Distributable reserves: +€54,289
- Trade debts -€26,936
down €26,936 (-85.1%), from €31,644 to €4,708
- Debts after one year -€9,286
down €9,286 (-70.3%), from €13,216 to €3,930
- Staff costs -€7,639
down €7,639 (-13.9%), from €54,872 to €47,233
- Taxes +€2,977
up €2,977 (+14.8%), from €20,088 to €23,065
- Gross operating margin +€2,166
up €2,166 (+1.7%), from €124,125 to €126,291
- Depreciation +€1,335
up €1,335 (+22.5%), from €5,935 to €7,270
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €404,909 | €427,930 | +€23,021 | +5.7% |
| Fixed assets | 21/28 | €12,267 | €17,713 | +€5,446 | +44.4% |
| Tangible fixed assets | 22/27 | €11,561 | €17,007 | +€5,446 | +47.1% |
| Plant, machinery and equipment | 23 | - | €1,285 | +€1,285 | |
| Furniture and vehicles | 24 | €1,295 | €3,267 | +€1,972 | +152.3% |
| Other tangible fixed assets | 26 | €10,266 | €12,455 | +€2,189 | +21.3% |
| Financial fixed assets | 28 | €706 | €706 | = | 0.0% |
| Current assets | 29/58 | €392,642 | €410,216 | +€17,575 | +4.5% |
| Stocks and contracts in progress | 3 | €144,214 | €152,043 | +€7,829 | +5.4% |
| Stocks | 30/36 | €144,214 | €152,043 | +€7,829 | +5.4% |
| Amounts receivable within one year | 40/41 | €35,732 | €44,394 | +€8,662 | +24.2% |
| Trade receivables | 40 | €919 | €11,872 | +€10,953 | +1192.1% |
| Other amounts receivable | 41 | €34,813 | €32,523 | -€2,291 | -6.6% |
| Cash at bank and in hand | 54/58 | €203,031 | €202,888 | -€143 | -0.1% |
| Deferred charges and accrued income | 490/1 | €9,665 | €10,890 | +€1,226 | +12.7% |
| Total equity and liabilities | 10/49 | €404,909 | €427,930 | +€23,021 | +5.7% |
| Equity | 10/15 | €340,777 | €395,066 | +€54,289 | +15.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €262,796 | €317,085 | +€54,289 | +20.7% |
| Tax-exempt reserves | 132 | €14,825 | €14,825 | = | 0.0% |
| Distributable reserves | 133 | €247,971 | €302,260 | +€54,289 | +21.9% |
| Profit (loss) carried forward | 14 | €59,389 | €59,389 | = | 0.0% |
| Amounts payable | 17/49 | €64,132 | €32,863 | -€31,268 | -48.8% |
| Amounts payable after more than one year | 17 | €13,216 | €3,930 | -€9,286 | -70.3% |
| Financial debts | 170/4 | €13,216 | €3,930 | -€9,286 | -70.3% |
| Amounts payable within one year | 42/48 | €50,916 | €28,429 | -€22,487 | -44.2% |
| Current portion of amounts payable after more than one year | 42 | €9,082 | €9,286 | +€204 | +2.2% |
| Trade debts | 44 | €31,644 | €4,708 | -€26,936 | -85.1% |
| Suppliers | 440/4 | €31,644 | €4,708 | -€26,936 | -85.1% |
| Taxes, remuneration and social security | 45 | €10,190 | €14,435 | +€4,246 | +41.7% |
| Taxes | 450/3 | €88 | €3,017 | +€2,928 | +3314.4% |
| Remuneration and social security | 454/9 | €10,101 | €11,418 | +€1,317 | +13.0% |
| Accrued charges and deferred income | 492/3 | - | €504 | +€504 | |
| Remuneration, social security and pensions | 62 | €54,872 | €47,233 | -€7,639 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,935 | €7,270 | +€1,335 | +22.5% |
| Other operating charges | 640/8 | €3,904 | €4,219 | +€315 | +8.1% |
| Gross operating margin | 9900 | €124,125 | €126,291 | +€2,166 | +1.7% |
| Operating profit (loss) | 9901 | €59,414 | €67,569 | +€8,155 | +13.7% |
| Financial income | 75/76B | €10,905 | €10,383 | -€522 | -4.8% |
| Recurring financial income | 75 | €10,905 | €10,383 | -€522 | -4.8% |
| Financial charges | 65/66B | €825 | €598 | -€226 | -27.4% |
| Recurring financial charges | 65 | €825 | €598 | -€226 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €69,495 | €77,354 | +€7,860 | +11.3% |
| Income taxes | 67/77 | €20,088 | €23,065 | +€2,977 | +14.8% |
| Profit (loss) for the period | 9904 | €49,406 | €54,289 | +€4,883 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €49,406 | €54,289 | +€4,883 | +9.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.