SYNSTAR: 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.
SYNSTAR
Largest movements
- Tangible fixed assets +€18,708
up €18,708 (+3.9%), from €477,916 to €496,624
of which Furniture and vehicles: +€18,175
- Receivables within one year -€17,735
down €17,735 (-13.2%), from €133,890 to €116,155
of which Other amounts receivable: -€17,732
- Cash -€17,012
down €17,012 (-15.9%), from €107,153 to €90,141
mainly Other debts (-€160,580) and Investment in fixed assets (net) (-€35,362)
- Other debts -€160,580
down €160,580 (-90.4%), from €177,650 to €17,070
- Reserves +€130,000
up €130,000 (+371.4%), from €35,000 to €165,000
- Trade debts +€31,442
up €31,442 (+94.7%), from €33,185 to €64,627
- Debts after one year -€26,152
down €26,152 (-6.5%), from €403,090 to €376,939
- Tax, wage and social debts +€8,678
up €8,678 (+19.6%), from €44,243 to €52,921
of which Taxes: +€19,023
- Gross operating margin +€63,661
up €63,661 (+17.8%), from €357,231 to €420,891
- Staff costs +€28,299
up €28,299 (+20.9%), from €135,719 to €164,018
- Taxes +€10,832
up €10,832 (+25.5%), from €42,491 to €53,322
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 | €725,963 | €709,310 | -€16,653 | -2.3% |
| Fixed assets | 21/28 | €478,865 | €497,572 | +€18,708 | +3.9% |
| Tangible fixed assets | 22/27 | €477,916 | €496,624 | +€18,708 | +3.9% |
| Land and buildings | 22 | €470,000 | €458,000 | -€12,000 | -2.6% |
| Plant, machinery and equipment | 23 | €4,236 | €16,768 | +€12,533 | +295.9% |
| Furniture and vehicles | 24 | €3,680 | €21,855 | +€18,175 | +493.9% |
| Financial fixed assets | 28 | €949 | €949 | = | 0.0% |
| Current assets | 29/58 | €247,098 | €211,737 | -€35,361 | -14.3% |
| Amounts receivable within one year | 40/41 | €133,890 | €116,155 | -€17,735 | -13.2% |
| Trade receivables | 40 | €31,698 | €31,696 | -€2 | 0.0% |
| Other amounts receivable | 41 | €102,191 | €84,459 | -€17,732 | -17.4% |
| Cash at bank and in hand | 54/58 | €107,153 | €90,141 | -€17,012 | -15.9% |
| Deferred charges and accrued income | 490/1 | €6,055 | €5,441 | -€614 | -10.1% |
| Total equity and liabilities | 10/49 | €725,963 | €709,310 | -€16,653 | -2.3% |
| Equity | 10/15 | €42,756 | €170,720 | +€127,964 | +299.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,000 | €165,000 | +€130,000 | +371.4% |
| Distributable reserves | 133 | €35,000 | €165,000 | +€130,000 | +371.4% |
| Profit (loss) carried forward | 14 | €2,756 | €720 | -€2,036 | -73.9% |
| Amounts payable | 17/49 | €683,206 | €538,590 | -€144,617 | -21.2% |
| Amounts payable after more than one year | 17 | €403,090 | €376,939 | -€26,152 | -6.5% |
| Financial debts | 170/4 | €403,090 | €376,939 | -€26,152 | -6.5% |
| Amounts payable within one year | 42/48 | €280,116 | €161,651 | -€118,465 | -42.3% |
| Current portion of amounts payable after more than one year | 42 | €25,038 | €26,152 | +€1,114 | +4.4% |
| Financial debts | 43 | - | €881 | +€881 | |
| Credit institutions | 430/8 | - | €881 | +€881 | |
| Trade debts | 44 | €33,185 | €64,627 | +€31,442 | +94.7% |
| Suppliers | 440/4 | €33,185 | €64,627 | +€31,442 | +94.7% |
| Taxes, remuneration and social security | 45 | €44,243 | €52,921 | +€8,678 | +19.6% |
| Taxes | 450/3 | €16,789 | €35,813 | +€19,023 | +113.3% |
| Remuneration and social security | 454/9 | €27,454 | €17,109 | -€10,345 | -37.7% |
| Other amounts payable | 47/48 | €177,650 | €17,070 | -€160,580 | -90.4% |
| Remuneration, social security and pensions | 62 | €135,719 | €164,018 | +€28,299 | +20.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,417 | €16,654 | +€3,237 | +24.1% |
| Other operating charges | 640/8 | €8,210 | €5,647 | -€2,563 | -31.2% |
| Gross operating margin | 9900 | €357,231 | €420,891 | +€63,661 | +17.8% |
| Operating profit (loss) | 9901 | €199,885 | €234,572 | +€34,687 | +17.4% |
| Financial income | 75/76B | €50 | €5 | -€45 | -90.7% |
| Recurring financial income | 75 | €50 | €5 | -€45 | -90.7% |
| Financial charges | 65/66B | €21,906 | €23,290 | +€1,385 | +6.3% |
| Recurring financial charges | 65 | €21,906 | €23,290 | +€1,385 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €178,029 | €211,286 | +€33,257 | +18.7% |
| Income taxes | 67/77 | €42,491 | €53,322 | +€10,832 | +25.5% |
| Profit (loss) for the period | 9904 | €135,539 | €157,964 | +€22,425 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €135,539 | €157,964 | +€22,425 | +16.5% |
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 5 October 2026 via checked.be.