A. SINDIC S.A.: 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.
A. SINDIC S.A.
Largest movements
- Cash +€25,113
up €25,113 (+54.2%), from €46,342 to €71,455
mainly Stocks and contracts (+€17,571) and Deferred charges and accrued income (+€5,239)
- Stocks and contracts -€17,571
down €17,571 (-17.1%), from €102,622 to €85,050
- Deferred charges and accrued income -€5,239
down €5,239 (-70.5%), from €7,436 to €2,197
- Tax, wage and social debts +€3,165
up €3,165 (+22.5%), from €14,090 to €17,255
of which Remuneration and social security: +€1,868
- Trade debts -€1,988
down €1,988 (-66.2%), from €3,004 to €1,016
- Profit (loss) carried forward +€1,711
up €1,711 (+27.3%), from -€6,258 to -€4,548
- Gross operating margin +€10,794
up €10,794 (+16.2%), from €66,447 to €77,240
- Staff costs +€1,854
up €1,854 (+2.7%), from €68,709 to €70,563
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 | €167,265 | €170,153 | +€2,888 | +1.7% |
| Fixed assets | 21/28 | €10,152 | €10,822 | +€669 | +6.6% |
| Tangible fixed assets | 22/27 | €10,066 | €10,736 | +€669 | +6.7% |
| Plant, machinery and equipment | 23 | €9,159 | €6,892 | -€2,267 | -24.8% |
| Furniture and vehicles | 24 | €907 | €1,345 | +€438 | +48.3% |
| Other tangible fixed assets | 26 | - | €2,499 | +€2,499 | |
| Financial fixed assets | 28 | €86 | €86 | = | 0.0% |
| Current assets | 29/58 | €157,113 | €159,331 | +€2,218 | +1.4% |
| Stocks and contracts in progress | 3 | €102,622 | €85,050 | -€17,571 | -17.1% |
| Stocks | 30/36 | €102,622 | €85,050 | -€17,571 | -17.1% |
| Amounts receivable within one year | 40/41 | €713 | €629 | -€85 | -11.9% |
| Other amounts receivable | 41 | €713 | €629 | -€85 | -11.9% |
| Cash at bank and in hand | 54/58 | €46,342 | €71,455 | +€25,113 | +54.2% |
| Deferred charges and accrued income | 490/1 | €7,436 | €2,197 | -€5,239 | -70.5% |
| Total equity and liabilities | 10/49 | €167,265 | €170,153 | +€2,888 | +1.7% |
| Equity | 10/15 | €65,138 | €66,849 | +€1,711 | +2.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €9,397 | €9,397 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €3,197 | €3,197 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,258 | -€4,548 | +€1,711 | +27.3% |
| Amounts payable | 17/49 | €102,127 | €103,304 | +€1,177 | +1.2% |
| Amounts payable within one year | 42/48 | €102,127 | €103,304 | +€1,177 | +1.2% |
| Trade debts | 44 | €3,004 | €1,016 | -€1,988 | -66.2% |
| Suppliers | 440/4 | €3,004 | €1,016 | -€1,988 | -66.2% |
| Taxes, remuneration and social security | 45 | €14,090 | €17,255 | +€3,165 | +22.5% |
| Taxes | 450/3 | €821 | €2,118 | +€1,297 | +158% |
| Remuneration and social security | 454/9 | €13,269 | €15,137 | +€1,868 | +14.1% |
| Other amounts payable | 47/48 | €85,033 | €85,033 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €68,709 | €70,563 | +€1,854 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,497 | €2,872 | +€374 | +15.0% |
| Other operating charges | 640/8 | €2,524 | €2,634 | +€110 | +4.4% |
| Gross operating margin | 9900 | €66,447 | €77,240 | +€10,794 | +16.2% |
| Operating profit (loss) | 9901 | -€7,284 | €1,172 | +€8,455 | |
| Financial income | 75/76B | €1,155 | €874 | -€281 | -24.3% |
| Recurring financial income | 75 | €1,155 | €874 | -€281 | -24.3% |
| Financial charges | 65/66B | €130 | €335 | +€206 | +158% |
| Recurring financial charges | 65 | €130 | €335 | +€206 | +158% |
| Profit (loss) for the period before taxes | 9903 | -€6,258 | €1,711 | +€7,969 | |
| Profit (loss) for the period | 9904 | -€6,258 | €1,711 | +€7,969 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,258 | €1,711 | +€7,969 |
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 21 October 2026 via checked.be.