SYNTHETIS: 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.
SYNTHETIS
Largest movements
- Receivables within one year -€530,559
down €530,559 (-39.0%), from €1.4m to €831,576
of which Trade receivables: -€418,301
- Financial fixed assets +€451,593
up €451,593 (+48.3%), from €935,000 to €1.4m
- Cash +€420,074
up €420,074 (+195.6%), from €214,736 to €634,810
mainly Receivables within one year (+€530,559) and Debts after one year (+€356,276)
- Intangible fixed assets +€189,296
new in 2025: €189,296
- Deferred charges and accrued income +€52,711
up €52,711 (+458.4%), from €11,498 to €64,209
- Debts after one year +€356,276
up €356,276 (+1725.9%), from €20,643 to €376,919
- Profit (loss) carried forward +€164,204
up €164,204, from -€15,325 to €148,879
- Accrued charges and deferred income -€133,113
down €133,113 (-12.3%), from €1.1m to €946,614
- Other debts +€132,214
new in 2025: €132,214
- Trade debts +€130,629
up €130,629 (+351.7%), from €37,145 to €167,774
- Gross operating margin +€278,355
up €278,355 (+15.7%), from €1.8m to €2.1m
- Staff costs +€54,856
up €54,856 (+3.4%), from €1.6m to €1.7m
- Taxes +€45,027
up €45,027 (+79.2%), from €56,865 to €101,892
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 | €2,569,235 | €3,187,502 | +€618,267 | +24.1% |
| Fixed assets | 21/28 | €980,867 | €1,656,908 | +€676,041 | +68.9% |
| Intangible fixed assets | 21 | - | €189,296 | +€189,296 | |
| Tangible fixed assets | 22/27 | €45,867 | €81,018 | +€35,151 | +76.6% |
| Land and buildings | 22 | €15,560 | €28,621 | +€13,061 | +83.9% |
| Plant, machinery and equipment | 23 | €9,184 | €22,587 | +€13,404 | +146.0% |
| Furniture and vehicles | 24 | €21,124 | €29,810 | +€8,686 | +41.1% |
| Financial fixed assets | 28 | €935,000 | €1,386,593 | +€451,593 | +48.3% |
| Current assets | 29/58 | €1,588,368 | €1,530,594 | -€57,774 | -3.6% |
| Amounts receivable within one year | 40/41 | €1,362,135 | €831,576 | -€530,559 | -39.0% |
| Trade receivables | 40 | €1,232,885 | €814,584 | -€418,301 | -33.9% |
| Other amounts receivable | 41 | €129,249 | €16,992 | -€112,257 | -86.9% |
| Cash at bank and in hand | 54/58 | €214,736 | €634,810 | +€420,074 | +195.6% |
| Deferred charges and accrued income | 490/1 | €11,498 | €64,209 | +€52,711 | +458.4% |
| Total equity and liabilities | 10/49 | €2,569,235 | €3,187,502 | +€618,267 | +24.1% |
| Equity | 10/15 | €1,111,675 | €1,288,262 | +€176,587 | +15.9% |
| Contributions | 10/11 | €1,110,000 | €1,110,000 | = | 0.0% |
| Capital | 10 | €1,110,000 | €1,110,000 | = | 0.0% |
| Issued capital | 100 | €1,110,000 | €1,110,000 | = | 0.0% |
| Contributions outside capital | 11 | €0 | €0 | = | 0.0% |
| Share premium | 1100/10 | €0 | €0 | = | 0.0% |
| Reserves | 13 | €17,000 | €29,383 | +€12,383 | +72.8% |
| Non-distributable reserves | 130/1 | €17,000 | €29,383 | +€12,383 | +72.8% |
| Legal reserve | 130 | €17,000 | €29,383 | +€12,383 | +72.8% |
| Profit (loss) carried forward | 14 | -€15,325 | €148,879 | +€164,204 | |
| Amounts payable | 17/49 | €1,457,560 | €1,899,241 | +€441,680 | +30.3% |
| Amounts payable after more than one year | 17 | €20,643 | €376,919 | +€356,276 | +1725.9% |
| Financial debts | 170/4 | €20,643 | €376,919 | +€356,276 | +1725.9% |
| Amounts payable within one year | 42/48 | €357,190 | €575,707 | +€218,517 | +61.2% |
| Current portion of amounts payable after more than one year | 42 | €120,481 | €68,753 | -€51,728 | -42.9% |
| Trade debts | 44 | €37,145 | €167,774 | +€130,629 | +351.7% |
| Suppliers | 440/4 | €37,145 | €167,774 | +€130,629 | +351.7% |
| Advances received on contracts in progress | 46 | €400 | - | -€400 | |
| Taxes, remuneration and social security | 45 | €199,163 | €206,965 | +€7,802 | +3.9% |
| Taxes | 450/3 | €82,080 | €206,965 | +€124,885 | +152.1% |
| Remuneration and social security | 454/9 | €117,083 | - | -€117,083 | |
| Other amounts payable | 47/48 | - | €132,214 | +€132,214 | |
| Accrued charges and deferred income | 492/3 | €1,079,728 | €946,614 | -€133,113 | -12.3% |
| Remuneration, social security and pensions | 62 | €1,596,469 | €1,651,324 | +€54,856 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,018 | €42,854 | +€17,836 | +71.3% |
| Other operating charges | 640/8 | - | €1,186 | +€1,186 | |
| Non-recurring operating charges | 66A | €15,149 | €481 | -€14,668 | -96.8% |
| Gross operating margin | 9900 | €1,775,528 | €2,053,882 | +€278,355 | +15.7% |
| Operating profit (loss) | 9901 | €138,892 | €358,038 | +€219,146 | +157.8% |
| Financial income | 75/76B | €91 | €7,661 | +€7,570 | +8340.5% |
| Recurring financial income | 75 | €91 | €7,661 | +€7,570 | +8340.5% |
| Financial charges | 65/66B | €18,479 | €11,474 | -€7,006 | -37.9% |
| Recurring financial charges | 65 | €18,479 | €11,474 | -€7,006 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | €120,503 | €354,225 | +€233,721 | +194.0% |
| Income taxes | 67/77 | €56,865 | €101,892 | +€45,027 | +79.2% |
| Profit (loss) for the period | 9904 | €63,638 | €252,333 | +€188,695 | +296.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,638 | €252,333 | +€188,695 | +296.5% |
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 10 October 2026 via checked.be.