Synquest: 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.
Synquest
Largest movements
- Intangible fixed assets -€44,362
down €44,362 (-100.0%), from €44,362 to €0
- Cash +€6,586
up €6,586 (+10.4%), from €63,233 to €69,820
mainly Investment in fixed assets (net) (+€33,022) and Depreciation (+€13,695)
- Tangible fixed assets -€2,355
down €2,355 (-100.0%), from €2,355 to €0
- Receivables within one year -€2,244
down €2,244 (-65.0%), from €3,454 to €1,210
of which Other amounts receivable: -€3,454
- Deferred charges and accrued income -€1,851
down €1,851 (-99.5%), from €1,860 to €9
- Profit (loss) carried forward -€30,124
down €30,124, from €17,612 to -€12,512
- Tax, wage and social debts -€13,855
down €13,855 (-80.7%), from €17,169 to €3,314
of which Taxes: -€11,691
- Gross operating margin +€71,954
up €71,954, from -€56,479 to €15,475
- Depreciation -€986
down €986 (-6.7%), from €14,681 to €13,695
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 | €115,264 | €71,039 | -€44,225 | -38.4% |
| Fixed assets | 21/28 | €46,717 | €0 | -€46,717 | -100.0% |
| Intangible fixed assets | 21 | €44,362 | €0 | -€44,362 | -100.0% |
| Tangible fixed assets | 22/27 | €2,355 | €0 | -€2,355 | -100.0% |
| Plant, machinery and equipment | 23 | €2,355 | €0 | -€2,355 | -100.0% |
| Current assets | 29/58 | €68,547 | €71,039 | +€2,492 | +3.6% |
| Amounts receivable within one year | 40/41 | €3,454 | €1,210 | -€2,244 | -65.0% |
| Trade receivables | 40 | €0 | €1,210 | +€1,210 | |
| Other amounts receivable | 41 | €3,454 | €0 | -€3,454 | -100.0% |
| Cash at bank and in hand | 54/58 | €63,233 | €69,820 | +€6,586 | +10.4% |
| Deferred charges and accrued income | 490/1 | €1,860 | €9 | -€1,851 | -99.5% |
| Total equity and liabilities | 10/49 | €115,264 | €71,039 | -€44,225 | -38.4% |
| Equity | 10/15 | €97,612 | €67,488 | -€30,124 | -30.9% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,612 | -€12,512 | -€30,124 | |
| Amounts payable | 17/49 | €17,652 | €3,551 | -€14,102 | -79.9% |
| Amounts payable within one year | 42/48 | €17,652 | €3,551 | -€14,102 | -79.9% |
| Trade debts | 44 | €482 | €194 | -€287 | -59.7% |
| Suppliers | 440/4 | €482 | €194 | -€287 | -59.7% |
| Taxes, remuneration and social security | 45 | €17,169 | €3,314 | -€13,855 | -80.7% |
| Taxes | 450/3 | €15,005 | €3,314 | -€11,691 | -77.9% |
| Remuneration and social security | 454/9 | €2,164 | €0 | -€2,164 | -100.0% |
| Other amounts payable | 47/48 | €1 | €42 | +€41 | +3427.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,681 | €13,695 | -€986 | -6.7% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Non-recurring operating charges | 66A | - | €31,022 | +€31,022 | |
| Gross operating margin | 9900 | -€56,479 | €15,475 | +€71,954 | |
| Operating profit (loss) | 9901 | -€71,160 | -€29,642 | +€41,518 | +58.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €974 | €481 | -€493 | -50.6% |
| Recurring financial charges | 65 | €974 | €481 | -€493 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | -€72,134 | -€30,124 | +€42,011 | +58.2% |
| Income taxes | 67/77 | €72 | €0 | -€72 | -100.0% |
| Profit (loss) for the period | 9904 | -€72,206 | -€30,124 | +€42,082 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€72,206 | -€30,124 | +€42,082 | +58.3% |
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 9 October 2026 via checked.be.