SYNTECH: 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.
SYNTECH
Largest movements
- Receivables within one year -€6,347
down €6,347 (-7.3%), from €86,740 to €80,393
of which Trade receivables: -€7,276
- Cash -€2,119
down €2,119 (-23.3%), from €9,090 to €6,971
mainly Other debts (-€18,819) and Trade debts (-€12,130)
- Deferred charges and accrued income +€1,027
up €1,027 (+76.4%), from €1,344 to €2,371
- Reserves +€23,000
up €23,000 (+95.8%), from €24,000 to €47,000
- Other debts -€18,819
down €18,819 (-97.8%), from €19,246 to €427
- Trade debts -€12,130
down €12,130 (-53.2%), from €22,818 to €10,688
- Tax, wage and social debts +€1,389
up €1,389 (+5.2%), from €26,577 to €27,966
of which Taxes: +€3,475
- Gross operating margin -€28,809
down €28,809 (-26.3%), from €109,560 to €80,752
- Taxes -€5,023
down €5,023 (-45.2%), from €11,122 to €6,099
- Staff costs -€4,508
down €4,508 (-8.4%), from €53,724 to €49,216
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 | €99,801 | €93,039 | -€6,762 | -6.8% |
| Fixed assets | 21/28 | €2,627 | €3,304 | +€677 | +25.8% |
| Tangible fixed assets | 22/27 | €2,455 | €3,132 | +€677 | +27.6% |
| Furniture and vehicles | 24 | €2,455 | €3,132 | +€677 | +27.6% |
| Financial fixed assets | 28 | €172 | €172 | = | 0.0% |
| Current assets | 29/58 | €97,174 | €89,735 | -€7,439 | -7.7% |
| Amounts receivable within one year | 40/41 | €86,740 | €80,393 | -€6,347 | -7.3% |
| Trade receivables | 40 | €86,740 | €79,464 | -€7,276 | -8.4% |
| Other amounts receivable | 41 | - | €930 | +€930 | |
| Cash at bank and in hand | 54/58 | €9,090 | €6,971 | -€2,119 | -23.3% |
| Deferred charges and accrued income | 490/1 | €1,344 | €2,371 | +€1,027 | +76.4% |
| Total equity and liabilities | 10/49 | €99,801 | €93,039 | -€6,762 | -6.8% |
| Equity | 10/15 | €30,007 | €53,256 | +€23,249 | +77.5% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €24,000 | €47,000 | +€23,000 | +95.8% |
| Distributable reserves | 133 | €24,000 | €47,000 | +€23,000 | +95.8% |
| Profit (loss) carried forward | 14 | €7 | €256 | +€249 | +3526.5% |
| Amounts payable | 17/49 | €69,794 | €39,783 | -€30,011 | -43.0% |
| Amounts payable within one year | 42/48 | €68,640 | €39,081 | -€29,560 | -43.1% |
| Trade debts | 44 | €22,818 | €10,688 | -€12,130 | -53.2% |
| Suppliers | 440/4 | €22,818 | €10,688 | -€12,130 | -53.2% |
| Taxes, remuneration and social security | 45 | €26,577 | €27,966 | +€1,389 | +5.2% |
| Taxes | 450/3 | €19,240 | €22,716 | +€3,475 | +18.1% |
| Remuneration and social security | 454/9 | €7,336 | €5,251 | -€2,086 | -28.4% |
| Other amounts payable | 47/48 | €19,246 | €427 | -€18,819 | -97.8% |
| Accrued charges and deferred income | 492/3 | €1,153 | €702 | -€452 | -39.2% |
| Remuneration, social security and pensions | 62 | €53,724 | €49,216 | -€4,508 | -8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €451 | €787 | +€337 | +74.7% |
| Other operating charges | 640/8 | €170 | €493 | +€323 | +189.9% |
| Gross operating margin | 9900 | €109,560 | €80,752 | -€28,809 | -26.3% |
| Operating profit (loss) | 9901 | €55,215 | €30,255 | -€24,960 | -45.2% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €86 | €908 | +€822 | +950.9% |
| Recurring financial charges | 65 | €86 | €908 | +€822 | +950.9% |
| Profit (loss) for the period before taxes | 9903 | €55,129 | €29,348 | -€25,781 | -46.8% |
| Income taxes | 67/77 | €11,122 | €6,099 | -€5,023 | -45.2% |
| Profit (loss) for the period | 9904 | €44,007 | €23,249 | -€20,758 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €44,007 | €23,249 | -€20,758 | -47.2% |
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.