SYNRG: 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.
SYNRG
Largest movements
- Stocks and contracts +€4.2m
up €4.2m (+64.2%), from €6.6m to €10.8m
- Cash -€2.8m
down €2.8m (-80.4%), from €3.5m to €678,691
mainly Stocks and contracts (-€4.2m) and Tax, wage and social debts (-€476,075)
- Receivables within one year +€152,701
up €152,701 (+9.4%), from €1.6m to €1.8m
of which Other amounts receivable: +€1.1m
- Advances received +€1.4m
up €1.4m (+14.0%), from €9.8m to €11.2m
- Trade debts +€828,832
up €828,832 (+76.8%), from €1.1m to €1.9m
- Tax, wage and social debts -€476,075
down €476,075 (-78.4%), from €606,922 to €130,848
of which Taxes: -€480,187
- Write-downs +€63,528
up €63,528 (+4173.5%), from €1,522 to €65,050
- Staff costs +€52,490
up €52,490 (+8.2%), from €636,581 to €689,071
- Financial income +€12,105
up €12,105 (+422.6%), from €2,865 to €14,970
- Taxes -€7,692
down €7,692 (-85.7%), from €8,970 to €1,279
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 | €11,708,268 | €13,340,042 | +€1.6m | +13.9% |
| Fixed assets | 21/28 | €40,779 | €91,721 | +€50,941 | +124.9% |
| Intangible fixed assets | 21 | €12,391 | €9,876 | -€2,515 | -20.3% |
| Tangible fixed assets | 22/27 | €12,928 | €1,505 | -€11,423 | -88.4% |
| Furniture and vehicles | 24 | €12,793 | €1,505 | -€11,288 | -88.2% |
| Other tangible fixed assets | 26 | €135 | - | -€135 | |
| Financial fixed assets | 28 | €15,460 | €80,340 | +€64,880 | +419.7% |
| Current assets | 29/58 | €11,667,489 | €13,248,322 | +€1.6m | +13.5% |
| Stocks and contracts in progress | 3 | €6,569,616 | €10,786,158 | +€4.2m | +64.2% |
| Contracts in progress | 37 | €6,569,616 | €10,786,158 | +€4.2m | +64.2% |
| Amounts receivable within one year | 40/41 | €1,624,986 | €1,777,687 | +€152,701 | +9.4% |
| Trade receivables | 40 | €1,530,209 | €557,165 | -€973,044 | -63.6% |
| Other amounts receivable | 41 | €94,777 | €1,220,522 | +€1.1m | +1187.8% |
| Cash at bank and in hand | 54/58 | €3,466,490 | €678,691 | -€2.8m | -80.4% |
| Deferred charges and accrued income | 490/1 | €6,396 | €5,786 | -€610 | -9.5% |
| Total equity and liabilities | 10/49 | €11,708,268 | €13,340,042 | +€1.6m | +13.9% |
| Equity | 10/15 | €195,492 | €98,622 | -€96,870 | -49.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €176,942 | €80,072 | -€96,870 | -54.7% |
| Distributable reserves | 133 | €176,942 | €80,072 | -€96,870 | -54.7% |
| Amounts payable | 17/49 | €11,512,776 | €13,241,420 | +€1.7m | +15.0% |
| Amounts payable within one year | 42/48 | €11,506,776 | €13,235,420 | +€1.7m | +15.0% |
| Trade debts | 44 | €1,079,352 | €1,908,184 | +€828,832 | +76.8% |
| Suppliers | 440/4 | €1,079,352 | €1,908,184 | +€828,832 | +76.8% |
| Advances received on contracts in progress | 46 | €9,820,501 | €11,196,388 | +€1.4m | +14.0% |
| Taxes, remuneration and social security | 45 | €606,922 | €130,848 | -€476,075 | -78.4% |
| Taxes | 450/3 | €518,217 | €38,029 | -€480,187 | -92.7% |
| Remuneration and social security | 454/9 | €88,706 | €92,818 | +€4,112 | +4.6% |
| Accrued charges and deferred income | 492/3 | €6,000 | €6,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €636,581 | €689,071 | +€52,490 | +8.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,968 | €13,938 | -€4,029 | -22.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,522 | €65,050 | +€63,528 | +4173.5% |
| Other operating charges | 640/8 | €8,805 | €9,520 | +€715 | +8.1% |
| Gross operating margin | 9900 | €684,149 | €680,231 | -€3,918 | -0.6% |
| Operating profit (loss) | 9901 | €19,272 | -€97,349 | -€116,621 | |
| Financial income | 75/76B | €2,865 | €14,970 | +€12,105 | +422.6% |
| Recurring financial income | 75 | €2,865 | €14,970 | +€12,105 | +422.6% |
| Financial charges | 65/66B | €10,106 | €13,212 | +€3,106 | +30.7% |
| Recurring financial charges | 65 | €10,106 | €13,212 | +€3,106 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €12,031 | -€95,591 | -€107,622 | |
| Income taxes | 67/77 | €8,970 | €1,279 | -€7,692 | -85.7% |
| Profit (loss) for the period | 9904 | €3,061 | -€96,870 | -€99,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,061 | -€96,870 | -€99,930 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.