SYNSIP: 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.
SYNSIP
Largest movements
- Receivables within one year +€14,270
up €14,270 (+11.8%), from €120,587 to €134,857
of which Trade receivables: +€8,553
- Cash -€8,066
down €8,066 (-78.9%), from €10,224 to €2,158
mainly Receivables within one year (-€14,270) and Trade debts (-€11,423)
- Tax, wage and social debts +€11,805
up €11,805 (+60.5%), from €19,514 to €31,319
of which Taxes: +€21,557
- Trade debts -€11,423
down €11,423 (-16.9%), from €67,685 to €56,261
- Short-term financial debts +€10,100
up €10,100 (+16.1%), from €62,800 to €72,900
- Profit (loss) carried forward -€4,686
down €4,686 (-21.1%), from -€22,172 to -€26,857
- Gross operating margin -€10,748
down €10,748 (-13.4%), from €80,217 to €69,468
- Staff costs -€10,114
down €10,114 (-14.0%), from €72,267 to €62,153
- Financial income -€7,246
down €7,246 (-100.0%), from €7,246 to €0
- Financial charges -€2,985
down €2,985 (-26.8%), from €11,139 to €8,154
- Other operating charges +€2,200
up €2,200 (+235.6%), from €934 to €3,135
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 | €174,996 | €180,644 | +€5,648 | +3.2% |
| Fixed assets | 21/28 | €3,990 | €3,795 | -€195 | -4.9% |
| Tangible fixed assets | 22/27 | €495 | €300 | -€195 | -39.4% |
| Other tangible fixed assets | 26 | €495 | €300 | -€195 | -39.4% |
| Financial fixed assets | 28 | €3,496 | €3,496 | = | 0.0% |
| Current assets | 29/58 | €171,006 | €176,848 | +€5,843 | +3.4% |
| Stocks and contracts in progress | 3 | €17,705 | €17,705 | = | 0.0% |
| Stocks | 30/36 | €17,705 | €17,705 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €120,587 | €134,857 | +€14,270 | +11.8% |
| Trade receivables | 40 | €101,538 | €110,090 | +€8,553 | +8.4% |
| Other amounts receivable | 41 | €19,049 | €24,766 | +€5,717 | +30.0% |
| Cash at bank and in hand | 54/58 | €10,224 | €2,158 | -€8,066 | -78.9% |
| Deferred charges and accrued income | 490/1 | €22,490 | €22,128 | -€361 | -1.6% |
| Total equity and liabilities | 10/49 | €174,996 | €180,644 | +€5,648 | +3.2% |
| Equity | 10/15 | €23,615 | €18,929 | -€4,686 | -19.8% |
| Contributions | 10/11 | €24,900 | €24,900 | = | 0.0% |
| Reserves | 13 | €20,886 | €20,886 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,720 | €0 | -€3,720 | -100.0% |
| Reserves not available under the articles | 1311 | €3,720 | €0 | -€3,720 | -100.0% |
| Distributable reserves | 133 | €17,166 | €20,886 | +€3,720 | +21.7% |
| Profit (loss) carried forward | 14 | -€22,172 | -€26,857 | -€4,686 | -21.1% |
| Amounts payable | 17/49 | €151,381 | €161,715 | +€10,333 | +6.8% |
| Amounts payable within one year | 42/48 | €151,381 | €161,715 | +€10,333 | +6.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €62,800 | €72,900 | +€10,100 | +16.1% |
| Credit institutions | 430/8 | €62,800 | €72,900 | +€10,100 | +16.1% |
| Trade debts | 44 | €67,685 | €56,261 | -€11,423 | -16.9% |
| Suppliers | 440/4 | €67,685 | €56,261 | -€11,423 | -16.9% |
| Taxes, remuneration and social security | 45 | €19,514 | €31,319 | +€11,805 | +60.5% |
| Taxes | 450/3 | €5,817 | €27,374 | +€21,557 | +370.6% |
| Remuneration and social security | 454/9 | €13,697 | €3,945 | -€9,752 | -71.2% |
| Other amounts payable | 47/48 | €1,383 | €1,234 | -€148 | -10.7% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €72,267 | €62,153 | -€10,114 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €212 | €195 | -€17 | -8.1% |
| Other operating charges | 640/8 | €934 | €3,135 | +€2,200 | +235.6% |
| Gross operating margin | 9900 | €80,217 | €69,468 | -€10,748 | -13.4% |
| Operating profit (loss) | 9901 | €6,804 | €3,986 | -€2,817 | -41.4% |
| Financial income | 75/76B | €7,246 | €0 | -€7,246 | -100.0% |
| Recurring financial income | 75 | €7,246 | €0 | -€7,246 | -100.0% |
| Financial charges | 65/66B | €11,139 | €8,154 | -€2,985 | -26.8% |
| Recurring financial charges | 65 | €11,139 | €8,154 | -€2,985 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €2,911 | -€4,167 | -€7,078 | |
| Income taxes | 67/77 | €820 | €519 | -€302 | -36.8% |
| Profit (loss) for the period | 9904 | €2,090 | -€4,686 | -€6,776 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,090 | -€4,686 | -€6,776 |
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 4 October 2026 via checked.be.