SYNTHETIS METALS: 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 METALS
Largest movements
- Cash +€484,119
up €484,119 (+84.5%), from €573,118 to €1.1m
mainly Net result for the year (+€487,040) and Receivables within one year (+€377,392)
- Receivables within one year -€377,392
down €377,392 (-56.6%), from €667,150 to €289,759
of which Trade receivables: -€456,135
- Profit (loss) carried forward +€384,718
up €384,718, from -€303,460 to €81,257
- Accrued charges and deferred income -€167,002
down €167,002 (-21.7%), from €768,802 to €601,800
- Current portion of long-term debt -€133,498
down €133,498 (-82.5%), from €161,760 to €28,263
- Trade debts +€77,591
up €77,591 (+30.8%), from €252,085 to €329,676
- Tax, wage and social debts +€46,179
up €46,179 (+59.3%), from €77,888 to €124,067
of which Taxes: +€49,106
- Gross operating margin +€622,543
up €622,543 (+52.7%), from €1.2m to €1.8m
- Staff costs +€179,398
up €179,398 (+23.2%), from €773,444 to €952,842
- Taxes +€101,673
up €101,673 (+4,835%), from €2,103 to €103,776
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 | €1,773,517 | €1,922,645 | +€149,128 | +8.4% |
| Fixed assets | 21/28 | €531,214 | €554,415 | +€23,201 | +4.4% |
| Intangible fixed assets | 21 | €529,279 | €545,246 | +€15,967 | +3.0% |
| Tangible fixed assets | 22/27 | €1,935 | €9,169 | +€7,234 | +374% |
| Plant, machinery and equipment | 23 | €1,935 | €9,169 | +€7,234 | +374% |
| Current assets | 29/58 | €1,242,303 | €1,368,230 | +€125,927 | +10.1% |
| Amounts receivable within one year | 40/41 | €667,150 | €289,759 | -€377,392 | -56.6% |
| Trade receivables | 40 | €635,469 | €179,334 | -€456,135 | -71.8% |
| Other amounts receivable | 41 | €31,682 | €110,425 | +€78,743 | +249% |
| Cash at bank and in hand | 54/58 | €573,118 | €1,057,237 | +€484,119 | +84.5% |
| Deferred charges and accrued income | 490/1 | €2,034 | €21,234 | +€19,200 | +944% |
| Total equity and liabilities | 10/49 | €1,773,517 | €1,922,645 | +€149,128 | +8.4% |
| Equity | 10/15 | €221,790 | €630,713 | +€408,923 | +184% |
| Contributions | 10/11 | €518,600 | €518,600 | = | 0.0% |
| Capital | 10 | €518,600 | €518,600 | = | 0.0% |
| Issued capital | 100 | €518,600 | €518,600 | = | 0.0% |
| Reserves | 13 | €6,650 | €30,855 | +€24,205 | +364% |
| Non-distributable reserves | 130/1 | €6,650 | €30,855 | +€24,205 | +364% |
| Legal reserve | 130 | €6,650 | €30,855 | +€24,205 | +364% |
| Profit (loss) carried forward | 14 | -€303,460 | €81,257 | +€384,718 | |
| Amounts payable | 17/49 | €1,551,728 | €1,291,932 | -€259,795 | -16.7% |
| Amounts payable after more than one year | 17 | €169,576 | €130,009 | -€39,568 | -23.3% |
| Financial debts | 170/4 | €169,576 | €130,009 | -€39,568 | -23.3% |
| Amounts payable within one year | 42/48 | €613,349 | €560,123 | -€53,226 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €161,760 | €28,263 | -€133,498 | -82.5% |
| Trade debts | 44 | €252,085 | €329,676 | +€77,591 | +30.8% |
| Suppliers | 440/4 | €252,085 | €329,676 | +€77,591 | +30.8% |
| Taxes, remuneration and social security | 45 | €77,888 | €124,067 | +€46,179 | +59.3% |
| Taxes | 450/3 | €2,100 | €51,206 | +€49,106 | +2,338% |
| Remuneration and social security | 454/9 | €75,788 | €72,861 | -€2,926 | -3.9% |
| Other amounts payable | 47/48 | €121,616 | €78,118 | -€43,499 | -35.8% |
| Accrued charges and deferred income | 492/3 | €768,802 | €601,800 | -€167,002 | -21.7% |
| Remuneration, social security and pensions | 62 | €773,444 | €952,842 | +€179,398 | +23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €232,033 | €245,464 | +€13,432 | +5.8% |
| Other operating charges | 640/8 | - | €14,834 | +€14,834 | |
| Gross operating margin | 9900 | €1,180,831 | €1,803,375 | +€622,543 | +52.7% |
| Operating profit (loss) | 9901 | €175,355 | €590,235 | +€414,880 | +237% |
| Financial income | 75/76B | €5,106 | €9,172 | +€4,066 | +79.6% |
| Recurring financial income | 75 | €5,106 | €9,172 | +€4,066 | +79.6% |
| Financial charges | 65/66B | €26,353 | €8,591 | -€17,763 | -67.4% |
| Recurring financial charges | 65 | €26,353 | €8,591 | -€17,763 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €154,107 | €590,816 | +€436,709 | +283% |
| Income taxes | 67/77 | €2,103 | €103,776 | +€101,673 | +4,835% |
| Profit (loss) for the period | 9904 | €152,004 | €487,040 | +€335,036 | +220% |
| Profit (loss) for the period to be appropriated | 9905 | €152,004 | €487,040 | +€335,036 | +220% |
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 25 October 2026 via checked.be.