SYNSOUND: 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.
SYNSOUND
Largest movements
- Current investments -€48,206
down €48,206 (-34.4%), from €140,000 to €91,794
- Cash -€33,292
down €33,292 (-70.3%), from €47,329 to €14,037
mainly Debts after one year (-€118,081) and Investment in fixed assets (net) (-€23,314)
- Tangible fixed assets -€5,672
down €5,672 (-2.6%), from €218,414 to €212,741
of which Plant, machinery and equipment: -€5,672
- Debts after one year -€118,081
down €118,081 (-16.5%), from €716,364 to €598,283
of which Financial debts: -€60,826
- Profit (loss) carried forward +€26,708
up €26,708 (+5.0%), from -€536,987 to -€510,279
- Gross operating margin +€51,326
up €51,326 (+75.2%), from €68,222 to €119,548
- Depreciation -€51,010
down €51,010 (-61.7%), from €82,647 to €31,637
- Other operating charges -€13,203
down €13,203 (-37.1%), from €35,615 to €22,412
- Financial charges +€4,164
up €4,164 (+25.1%), from €16,575 to €20,740
of which Non-recurring financial charges: +€2,651
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 | €410,753 | €320,943 | -€89,810 | -21.9% |
| Fixed assets | 21/28 | €221,139 | €212,816 | -€8,323 | -3.8% |
| Tangible fixed assets | 22/27 | €218,414 | €212,741 | -€5,672 | -2.6% |
| Land and buildings | 22 | €108,577 | €108,577 | = | 0.0% |
| Plant, machinery and equipment | 23 | €109,837 | €104,164 | -€5,672 | -5.2% |
| Financial fixed assets | 28 | €2,725 | €74 | -€2,651 | -97.3% |
| Current assets | 29/58 | €189,613 | €108,127 | -€81,486 | -43.0% |
| Current investments | 50/53 | €140,000 | €91,794 | -€48,206 | -34.4% |
| Cash at bank and in hand | 54/58 | €47,329 | €14,037 | -€33,292 | -70.3% |
| Deferred charges and accrued income | 490/1 | €2,285 | €2,296 | +€12 | +0.5% |
| Total equity and liabilities | 10/49 | €410,753 | €320,943 | -€89,810 | -21.9% |
| Equity | 10/15 | -€369,879 | -€343,171 | +€26,708 | +7.2% |
| Contributions | 10/11 | €161,131 | €161,131 | = | 0.0% |
| Capital | 10 | €161,131 | €161,131 | = | 0.0% |
| Issued capital | 100 | €161,131 | €161,131 | = | 0.0% |
| Reserves | 13 | €5,977 | €5,977 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,977 | €5,977 | = | 0.0% |
| Legal reserve | 130 | €3,223 | €3,223 | = | 0.0% |
| Other | 1319 | €2,755 | €2,755 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€536,987 | -€510,279 | +€26,708 | +5.0% |
| Amounts payable | 17/49 | €780,632 | €664,114 | -€116,518 | -14.9% |
| Amounts payable after more than one year | 17 | €716,364 | €598,283 | -€118,081 | -16.5% |
| Financial debts | 170/4 | €659,109 | €598,283 | -€60,826 | -9.2% |
| Other amounts payable | 178/9 | €57,255 | - | -€57,255 | |
| Amounts payable within one year | 42/48 | €64,267 | €65,830 | +€1,563 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €60,909 | €61,507 | +€598 | +1.0% |
| Trade debts | 44 | €385 | €1,287 | +€902 | +234% |
| Suppliers | 440/4 | €385 | €1,287 | +€902 | +234% |
| Taxes, remuneration and social security | 45 | €2,742 | €2,571 | -€171 | -6.3% |
| Taxes | 450/3 | €297 | - | -€297 | |
| Remuneration and social security | 454/9 | €2,445 | €2,571 | +€126 | +5.1% |
| Other amounts payable | 47/48 | €231 | €465 | +€234 | +101% |
| Remuneration, social security and pensions | 62 | €18,815 | €18,847 | +€32 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,647 | €31,637 | -€51,010 | -61.7% |
| Other operating charges | 640/8 | €35,615 | €22,412 | -€13,203 | -37.1% |
| Gross operating margin | 9900 | €68,222 | €119,548 | +€51,326 | +75.2% |
| Operating profit (loss) | 9901 | -€68,855 | €46,652 | +€115,507 | |
| Financial income | 75/76B | - | €1,137 | +€1,137 | |
| Recurring financial income | 75 | - | €1,137 | +€1,137 | |
| Financial charges | 65/66B | €16,575 | €20,740 | +€4,164 | +25.1% |
| Recurring financial charges | 65 | €16,575 | €18,089 | +€1,513 | +9.1% |
| Non-recurring financial charges | 66B | - | €2,651 | +€2,651 | |
| Profit (loss) for the period before taxes | 9903 | -€85,430 | €27,049 | +€112,480 | |
| Income taxes | 67/77 | - | €341 | +€341 | |
| Profit (loss) for the period | 9904 | -€85,430 | €26,708 | +€112,138 | |
| Profit (loss) for the period to be appropriated | 9905 | -€85,430 | €26,708 | +€112,138 |
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 14 October 2026 via checked.be.