SynTrace: 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.
SynTrace
Largest movements
- Receivables within one year +€30,720
up €30,720 (+23.3%), from €131,791 to €162,512
of which Other amounts receivable: +€15,449
- Cash +€28,023
up €28,023 (+64.9%), from €43,182 to €71,205
mainly Net result for the year (+€42,387) and Tax, wage and social debts (+€11,062)
- Tangible fixed assets -€5,926
down €5,926 (-64.9%), from €9,126 to €3,200
- Profit (loss) carried forward +€42,387
up €42,387 (+36.1%), from €117,554 to €159,941
- Tax, wage and social debts +€11,062
up €11,062 (+31.4%), from €35,179 to €46,242
- Other debts -€4,000
no longer reported in 2025 (was €4,000)
- Financial charges -€10,840
down €10,840 (-62.2%), from €17,423 to €6,583
- Gross operating margin +€9,695
up €9,695 (+16.0%), from €60,444 to €70,138
- Taxes +€8,270
up €8,270 (+83.4%), from €9,921 to €18,191
- Other operating charges +€2,854
up €2,854 (+11,932%), from €24 to €2,878
- Depreciation +€1,125
up €1,125 (+20.1%), from €5,590 to €6,715
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 | €272,338 | €326,276 | +€53,938 | +19.8% |
| Fixed assets | 21/28 | €9,126 | €3,200 | -€5,926 | -64.9% |
| Tangible fixed assets | 22/27 | €9,126 | €3,200 | -€5,926 | -64.9% |
| Furniture and vehicles | 24 | €9,126 | €3,200 | -€5,926 | -64.9% |
| Current assets | 29/58 | €263,212 | €323,076 | +€59,864 | +22.7% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €131,791 | €162,512 | +€30,720 | +23.3% |
| Trade receivables | 40 | €66,016 | €81,287 | +€15,271 | +23.1% |
| Other amounts receivable | 41 | €65,775 | €81,224 | +€15,449 | +23.5% |
| Cash at bank and in hand | 54/58 | €43,182 | €71,205 | +€28,023 | +64.9% |
| Deferred charges and accrued income | 490/1 | €8,239 | €9,359 | +€1,120 | +13.6% |
| Total equity and liabilities | 10/49 | €272,338 | €326,276 | +€53,938 | +19.8% |
| Equity | 10/15 | €199,063 | €241,451 | +€42,387 | +21.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €62,959 | €62,959 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €62,859 | €62,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,554 | €159,941 | +€42,387 | +36.1% |
| Amounts payable | 17/49 | €73,275 | €84,825 | +€11,550 | +15.8% |
| Amounts payable within one year | 42/48 | €61,040 | €70,770 | +€9,730 | +15.9% |
| Trade debts | 44 | €21,861 | €24,528 | +€2,668 | +12.2% |
| Suppliers | 440/4 | €21,861 | €24,528 | +€2,668 | +12.2% |
| Taxes, remuneration and social security | 45 | €35,179 | €46,242 | +€11,062 | +31.4% |
| Taxes | 450/3 | €35,179 | €46,242 | +€11,062 | +31.4% |
| Other amounts payable | 47/48 | €4,000 | - | -€4,000 | |
| Accrued charges and deferred income | 492/3 | €12,235 | €14,055 | +€1,820 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,590 | €6,715 | +€1,125 | +20.1% |
| Other operating charges | 640/8 | €24 | €2,878 | +€2,854 | +11,932% |
| Non-recurring operating charges | 66A | €179 | - | -€179 | |
| Gross operating margin | 9900 | €60,444 | €70,138 | +€9,695 | +16.0% |
| Operating profit (loss) | 9901 | €54,651 | €60,545 | +€5,895 | +10.8% |
| Financial income | 75/76B | €7,227 | €6,616 | -€611 | -8.5% |
| Recurring financial income | 75 | €7,227 | €6,616 | -€611 | -8.5% |
| Financial charges | 65/66B | €17,423 | €6,583 | -€10,840 | -62.2% |
| Recurring financial charges | 65 | €17,423 | €6,583 | -€10,840 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | €44,455 | €60,579 | +€16,124 | +36.3% |
| Income taxes | 67/77 | €9,921 | €18,191 | +€8,270 | +83.4% |
| Profit (loss) for the period | 9904 | €34,534 | €42,387 | +€7,854 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,534 | €42,387 | +€7,854 | +22.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.