SYNTHETRON: 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.
SYNTHETRON
Largest movements
- Intangible fixed assets -€17,280
down €17,280 (-11.5%), from €150,327 to €133,047
- Cash -€16,751
down €16,751 (-53.2%), from €31,481 to €14,730
mainly Trade debts (-€82,428) and Investment in fixed assets (net) (-€46,600)
- Receivables within one year -€12,518
down €12,518 (-25.1%), from €49,956 to €37,438
of which Trade receivables: -€10,238
- Trade debts -€82,428
down €82,428 (-64.1%), from €128,570 to €46,142
- Debts after one year +€35,000
up €35,000 (+875.0%), from €4,000 to €39,000
- Profit (loss) carried forward -€9,206
down €9,206 (-4.5%), from -€205,831 to -€215,036
- Tax, wage and social debts +€8,323
up €8,323 (+870.1%), from €957 to €9,280
- Gross operating margin -€20,361
down €20,361 (-25.0%), from €81,475 to €61,114
- Taxes +€4,224
new in 2025: €4,224
- Depreciation +€2,520
up €2,520 (+4.1%), from €61,360 to €63,880
- Other operating charges +€1,660
up €1,660 (+291.1%), from €570 to €2,230
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 | €240,069 | €191,758 | -€48,311 | -20.1% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €153,827 | €136,547 | -€17,280 | -11.2% |
| Intangible fixed assets | 21 | €150,327 | €133,047 | -€17,280 | -11.5% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €86,242 | €55,211 | -€31,030 | -36.0% |
| Amounts receivable within one year | 40/41 | €49,956 | €37,438 | -€12,518 | -25.1% |
| Trade receivables | 40 | €46,335 | €36,097 | -€10,238 | -22.1% |
| Other amounts receivable | 41 | €3,621 | €1,341 | -€2,280 | -63.0% |
| Cash at bank and in hand | 54/58 | €31,481 | €14,730 | -€16,751 | -53.2% |
| Deferred charges and accrued income | 490/1 | €4,804 | €3,043 | -€1,761 | -36.6% |
| Total equity and liabilities | 10/49 | €240,069 | €191,758 | -€48,311 | -20.1% |
| Equity | 10/15 | €106,543 | €97,337 | -€9,206 | -8.6% |
| Contributions | 10/11 | €312,373 | €312,373 | = | 0.0% |
| Capital | 10 | €312,373 | €312,373 | = | 0.0% |
| Issued capital | 100 | €312,373 | €312,373 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€205,831 | -€215,036 | -€9,206 | -4.5% |
| Amounts payable | 17/49 | €133,526 | €94,421 | -€39,105 | -29.3% |
| Amounts payable after more than one year | 17 | €4,000 | €39,000 | +€35,000 | +875.0% |
| Financial debts | 170/4 | €4,000 | €39,000 | +€35,000 | +875.0% |
| Amounts payable within one year | 42/48 | €129,526 | €55,421 | -€74,105 | -57.2% |
| Trade debts | 44 | €128,570 | €46,142 | -€82,428 | -64.1% |
| Suppliers | 440/4 | €128,570 | €46,142 | -€82,428 | -64.1% |
| Taxes, remuneration and social security | 45 | €957 | €9,280 | +€8,323 | +870.1% |
| Taxes | 450/3 | €957 | €9,280 | +€8,323 | +870.1% |
| Non-recurring operating income | 76A | €7,207 | €10,941 | +€3,734 | +51.8% |
| Remuneration, social security and pensions | 62 | -€213 | - | +€213 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,360 | €63,880 | +€2,520 | +4.1% |
| Other operating charges | 640/8 | €570 | €2,230 | +€1,660 | +291.1% |
| Gross operating margin | 9900 | €81,475 | €61,114 | -€20,361 | -25.0% |
| Operating profit (loss) | 9901 | €19,758 | -€4,996 | -€24,755 | |
| Financial income | 75/76B | €160 | €315 | +€155 | +96.7% |
| Recurring financial income | 75 | €160 | €315 | +€155 | +96.7% |
| Financial charges | 65/66B | €509 | €301 | -€209 | -41.0% |
| Recurring financial charges | 65 | €509 | €301 | -€209 | -41.0% |
| Profit (loss) for the period before taxes | 9903 | €19,409 | -€4,982 | -€24,391 | |
| Income taxes | 67/77 | - | €4,224 | +€4,224 | |
| Profit (loss) for the period | 9904 | €19,409 | -€9,206 | -€28,615 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,409 | -€9,206 | -€28,615 |
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 9 October 2026 via checked.be.