2 SINCLAIR: 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.
2 SINCLAIR
Largest movements
- Cash -€41,625
down €41,625 (-52.6%), from €79,124 to €37,500
mainly Contributions, distributions and other (-€50,000) and Receivables within one year (-€6,330)
- Tangible fixed assets -€15,008
down €15,008 (-2.8%), from €531,086 to €516,077
- Contributions -€50,000
down €50,000 (-4.2%), from €1.2m to €1.1m
- Turnover -€40,049
no longer reported in 2025 (was €40,049)
- Purchases and services -€19,854
no longer reported in 2025 (was €19,854)
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 | €1,370,960 | €1,320,657 | -€50,303 | -3.7% |
| Fixed assets | 21/28 | €1,291,836 | €1,276,827 | -€15,008 | -1.2% |
| Tangible fixed assets | 22/27 | €531,086 | €516,077 | -€15,008 | -2.8% |
| Land and buildings | 22 | €531,086 | €516,077 | -€15,008 | -2.8% |
| Financial fixed assets | 28 | €760,750 | €760,750 | = | 0.0% |
| Current assets | 29/58 | €79,124 | €43,829 | -€35,295 | -44.6% |
| Amounts receivable within one year | 40/41 | - | €6,330 | +€6,330 | |
| Trade receivables | 40 | - | €930 | +€930 | |
| Other amounts receivable | 41 | - | €5,400 | +€5,400 | |
| Cash at bank and in hand | 54/58 | €79,124 | €37,500 | -€41,625 | -52.6% |
| Total equity and liabilities | 10/49 | €1,370,960 | €1,320,657 | -€50,303 | -3.7% |
| Equity | 10/15 | €1,124,765 | €1,074,803 | -€49,962 | -4.4% |
| Contributions | 10/11 | €1,190,526 | €1,140,526 | -€50,000 | -4.2% |
| Profit (loss) carried forward | 14 | -€65,761 | -€65,724 | +€38 | +0.1% |
| Amounts payable | 17/49 | €246,195 | €245,854 | -€341 | -0.1% |
| Amounts payable within one year | 42/48 | €246,195 | €245,854 | -€341 | -0.1% |
| Trade debts | 44 | €185 | - | -€185 | |
| Suppliers | 440/4 | €185 | - | -€185 | |
| Other amounts payable | 47/48 | €246,010 | €245,854 | -€156 | -0.1% |
| Turnover | 70 | €40,049 | - | -€40,049 | |
| Goods, raw materials, services and sundry goods | 60/61 | €19,854 | - | -€19,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,008 | €15,008 | = | 0.0% |
| Other operating charges | 640/8 | €4,968 | €5,125 | +€156 | +3.1% |
| Gross operating margin | 9900 | €20,195 | €20,336 | +€141 | +0.7% |
| Operating profit (loss) | 9901 | €219 | €203 | -€15 | -7.0% |
| Financial charges | 65/66B | €170 | €166 | -€4 | -2.3% |
| Recurring financial charges | 65 | €170 | €166 | -€4 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €49 | €38 | -€11 | -23.3% |
| Profit (loss) for the period | 9904 | €49 | €38 | -€11 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €49 | €38 | -€11 | -23.3% |
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 16 October 2026 via checked.be.