CASA SINOVE: what changed
CASA SINOVE
Largest movements
- Tangible fixed assets -€14,902
down €14,902 (-26.9%), from €55,336 to €40,434
of which Furniture and vehicles: -€13,650
- Cash +€10,593
up €10,593 (+12.7%), from €83,670 to €94,263
mainly Depreciation (+€14,902) and Receivables within one year (+€10,027)
- Receivables within one year -€10,027
down €10,027 (-23.5%), from €42,688 to €32,660
of which Other amounts receivable: -€13,572
- Deferred charges and accrued income -€4,305
down €4,305 (-72.0%), from €5,975 to €1,670
- Debts after one year -€11,087
down €11,087 (-35.2%), from €31,503 to €20,416
- Profit (loss) carried forward -€10,644
down €10,644 (-6.1%), from €174,122 to €163,478
- Trade debts +€3,080
up €3,080 (+107%), from €2,881 to €5,961
- Gross operating margin -€13,739
down €13,739 (-79.7%), from €17,244 to €3,505
- Taxes -€2,143
down €2,143 (-91.9%), from €2,332 to €188
- Other operating charges -€1,228
down €1,228 (-72.6%), from €1,692 to €464
- Financial income +€882
up €882 (+31.6%), from €2,790 to €3,672
- Depreciation -€213
down €213 (-1.4%), from €15,115 to €14,902
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,669 | €217,028 | -€18,641 | -7.9% |
| Fixed assets | 21/28 | €55,336 | €40,434 | -€14,902 | -26.9% |
| Tangible fixed assets | 22/27 | €55,336 | €40,434 | -€14,902 | -26.9% |
| Plant, machinery and equipment | 23 | €1,293 | €820 | -€473 | -36.6% |
| Furniture and vehicles | 24 | €51,217 | €37,567 | -€13,650 | -26.7% |
| Other tangible fixed assets | 26 | €2,826 | €2,047 | -€780 | -27.6% |
| Current assets | 29/58 | €180,332 | €176,593 | -€3,739 | -2.1% |
| Amounts receivable after more than one year | 29 | €48,000 | €48,000 | = | 0.0% |
| Other amounts receivable | 291 | €48,000 | €48,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €42,688 | €32,660 | -€10,027 | -23.5% |
| Trade receivables | 40 | €12,665 | €16,210 | +€3,545 | +28.0% |
| Other amounts receivable | 41 | €30,023 | €16,451 | -€13,572 | -45.2% |
| Cash at bank and in hand | 54/58 | €83,670 | €94,263 | +€10,593 | +12.7% |
| Deferred charges and accrued income | 490/1 | €5,975 | €1,670 | -€4,305 | -72.0% |
| Total equity and liabilities | 10/49 | €235,669 | €217,028 | -€18,641 | -7.9% |
| Equity | 10/15 | €182,182 | €171,538 | -€10,644 | -5.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €174,122 | €163,478 | -€10,644 | -6.1% |
| Amounts payable | 17/49 | €53,487 | €45,490 | -€7,997 | -15.0% |
| Amounts payable after more than one year | 17 | €31,503 | €20,416 | -€11,087 | -35.2% |
| Financial debts | 170/4 | €31,503 | €20,416 | -€11,087 | -35.2% |
| Amounts payable within one year | 42/48 | €21,597 | €25,074 | +€3,478 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €10,685 | €11,087 | +€402 | +3.8% |
| Financial debts | 43 | - | €995 | +€995 | |
| Credit institutions | 430/8 | - | €995 | +€995 | |
| Trade debts | 44 | €2,881 | €5,961 | +€3,080 | +107% |
| Suppliers | 440/4 | €2,881 | €5,961 | +€3,080 | +107% |
| Taxes, remuneration and social security | 45 | €7,198 | €7,031 | -€167 | -2.3% |
| Taxes | 450/3 | €7,198 | €7,031 | -€167 | -2.3% |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Non-recurring operating income | 76A | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,115 | €14,902 | -€213 | -1.4% |
| Other operating charges | 640/8 | €1,692 | €464 | -€1,228 | -72.6% |
| Gross operating margin | 9900 | €17,244 | €3,505 | -€13,739 | -79.7% |
| Operating profit (loss) | 9901 | €437 | -€11,861 | -€12,298 | |
| Financial income | 75/76B | €2,790 | €3,672 | +€882 | +31.6% |
| Recurring financial income | 75 | €2,790 | €3,672 | +€882 | +31.6% |
| Financial charges | 65/66B | €2,164 | €2,268 | +€104 | +4.8% |
| Recurring financial charges | 65 | €2,164 | €2,268 | +€104 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €1,064 | -€10,456 | -€11,520 | |
| Income taxes | 67/77 | €2,332 | €188 | -€2,143 | -91.9% |
| Profit (loss) for the period | 9904 | -€1,268 | -€10,644 | -€9,376 | -739% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,268 | -€10,644 | -€9,376 | -739% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.