SYNVOL: 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.
SYNVOL
Largest movements
- Cash -€4,782
down €4,782 (-50.5%), from €9,464 to €4,683
mainly Contributions, distributions and other (-€96,500) and Trade debts (-€43,288)
- Trade debts -€43,288
down €43,288 (-99.7%), from €43,439 to €152
- Other debts +€15,000
up €15,000 (+150%), from €10,000 to €25,000
- Reserves +€10,942
up €10,942 (+6.0%), from €180,858 to €191,800
- Tax, wage and social debts +€5,768
up €5,768 (+35.2%), from €16,398 to €22,166
- Profit (loss) carried forward +€5,375
up €5,375, from -€5,375 to €0
- Gross operating margin +€54,267
up €54,267 (+46.0%), from €117,953 to €172,220
- Taxes +€19,344
up €19,344 (+51.9%), from €37,236 to €56,581
- Staff costs -€11,972
no longer reported in 2025 (was €11,972)
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 | €265,320 | €259,117 | -€6,203 | -2.3% |
| Fixed assets | 21/28 | €3,356 | €4,435 | +€1,079 | +32.2% |
| Tangible fixed assets | 22/27 | €3,356 | €4,435 | +€1,079 | +32.2% |
| Plant, machinery and equipment | 23 | €3,356 | €896 | -€2,460 | -73.3% |
| Furniture and vehicles | 24 | - | €3,539 | +€3,539 | |
| Current assets | 29/58 | €261,964 | €254,683 | -€7,282 | -2.8% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €177,500 | €175,000 | -€2,500 | -1.4% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €175,000 | €175,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,464 | €4,683 | -€4,782 | -50.5% |
| Total equity and liabilities | 10/49 | €265,320 | €259,117 | -€6,203 | -2.3% |
| Equity | 10/15 | €195,483 | €211,800 | +€16,317 | +8.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €180,858 | €191,800 | +€10,942 | +6.0% |
| Distributable reserves | 133 | €180,858 | €191,800 | +€10,942 | +6.0% |
| Profit (loss) carried forward | 14 | -€5,375 | €0 | +€5,375 | |
| Amounts payable | 17/49 | €69,837 | €47,318 | -€22,519 | -32.2% |
| Amounts payable within one year | 42/48 | €69,837 | €47,318 | -€22,519 | -32.2% |
| Trade debts | 44 | €43,439 | €152 | -€43,288 | -99.7% |
| Suppliers | 440/4 | €43,439 | €152 | -€43,288 | -99.7% |
| Taxes, remuneration and social security | 45 | €16,398 | €22,166 | +€5,768 | +35.2% |
| Taxes | 450/3 | €16,398 | €22,166 | +€5,768 | +35.2% |
| Other amounts payable | 47/48 | €10,000 | €25,000 | +€15,000 | +150% |
| Remuneration, social security and pensions | 62 | €11,972 | - | -€11,972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,460 | €2,486 | +€26 | +1.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€523 | - | +€523 | |
| Gross operating margin | 9900 | €117,953 | €172,220 | +€54,267 | +46.0% |
| Operating profit (loss) | 9901 | €104,045 | €169,734 | +€65,689 | +63.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €450 | €337 | -€114 | -25.3% |
| Recurring financial charges | 65 | €450 | €337 | -€114 | -25.3% |
| Profit (loss) for the period before taxes | 9903 | €103,594 | €169,397 | +€65,803 | +63.5% |
| Income taxes | 67/77 | €37,236 | €56,581 | +€19,344 | +51.9% |
| Profit (loss) for the period | 9904 | €66,358 | €112,817 | +€46,459 | +70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,358 | €112,817 | +€46,459 | +70.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.