SAINCLAIR: what changed
Two fiscal 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.
SAINCLAIR
Largest movements
- Tangible fixed assets -€3,842
down €3,842 (-25.9%), from €14,856 to €11,014
of which Other tangible fixed assets: -€2,252
- Stocks and contracts +€3,811
up €3,811 (+8.1%), from €46,804 to €50,615
- Trade debts +€8,898
up €8,898 (+47.5%), from €18,720 to €27,618
- Profit (loss) carried forward -€6,661
down €6,661 (-2.6%), from -€254,428 to -€261,089
- Other debts -€4,055
down €4,055 (-1.5%), from €274,973 to €270,918
- Tax, wage and social debts +€1,264
up €1,264 (+27.3%), from €4,627 to €5,891
of which Remuneration and social security: +€1,111
- Gross operating margin -€17,629
down €17,629 (-34.2%), from €51,569 to €33,940
- Depreciation -€14,692
down €14,692 (-78.2%), from €18,789 to €4,097
- Staff costs -€11,705
down €11,705 (-25.5%), from €45,985 to €34,280
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.
Cash bridge derived
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 | €66,796 | €66,242 | -€554 | -0.8% |
| Fixed assets | 21/28 | €15,701 | €11,604 | -€4,097 | -26.1% |
| Intangible fixed assets | 21 | €255 | - | -€255 | |
| Tangible fixed assets | 22/27 | €14,856 | €11,014 | -€3,842 | -25.9% |
| Plant, machinery and equipment | 23 | €1,243 | €136 | -€1,107 | -89.1% |
| Furniture and vehicles | 24 | €483 | - | -€483 | |
| Other tangible fixed assets | 26 | €13,130 | €10,878 | -€2,252 | -17.2% |
| Financial fixed assets | 28 | €590 | €590 | = | 0.0% |
| Current assets | 29/58 | €51,095 | €54,638 | +€3,543 | +6.9% |
| Stocks and contracts in progress | 3 | €46,804 | €50,615 | +€3,811 | +8.1% |
| Stocks | 30/36 | €46,804 | €50,615 | +€3,811 | +8.1% |
| Amounts receivable within one year | 40/41 | €3,304 | €2,719 | -€585 | -17.7% |
| Trade receivables | 40 | €1,645 | €1,513 | -€132 | -8.0% |
| Other amounts receivable | 41 | €1,659 | €1,206 | -€453 | -27.3% |
| Cash at bank and in hand | 54/58 | €987 | €1,304 | +€317 | +32.1% |
| Total equity and liabilities | 10/49 | €66,796 | €66,242 | -€554 | -0.8% |
| Equity | 10/15 | -€231,524 | -€238,185 | -€6,661 | -2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,904 | €2,904 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €904 | €904 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€254,428 | -€261,089 | -€6,661 | -2.6% |
| Amounts payable | 17/49 | €298,320 | €304,427 | +€6,107 | +2.0% |
| Amounts payable within one year | 42/48 | €298,320 | €304,427 | +€6,107 | +2.0% |
| Trade debts | 44 | €18,720 | €27,618 | +€8,898 | +47.5% |
| Suppliers | 440/4 | €18,720 | €27,618 | +€8,898 | +47.5% |
| Taxes, remuneration and social security | 45 | €4,627 | €5,891 | +€1,264 | +27.3% |
| Taxes | 450/3 | €2,647 | €2,800 | +€153 | +5.8% |
| Remuneration and social security | 454/9 | €1,980 | €3,091 | +€1,111 | +56.1% |
| Other amounts payable | 47/48 | €274,973 | €270,918 | -€4,055 | -1.5% |
| Remuneration, social security and pensions | 62 | €45,985 | €34,280 | -€11,705 | -25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,789 | €4,097 | -€14,692 | -78.2% |
| Other operating charges | 640/8 | €1,819 | €1,999 | +€180 | +9.9% |
| Gross operating margin | 9900 | €51,569 | €33,940 | -€17,629 | -34.2% |
| Operating profit (loss) | 9901 | -€15,024 | -€6,436 | +€8,588 | +57.2% |
| Financial income | 75/76B | €77 | €54 | -€23 | -29.9% |
| Recurring financial income | 75 | €77 | €54 | -€23 | -29.9% |
| Financial charges | 65/66B | €153 | €279 | +€126 | +82.4% |
| Recurring financial charges | 65 | €153 | €279 | +€126 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | -€15,100 | -€6,661 | +€8,439 | +55.9% |
| Profit (loss) for the period | 9904 | -€15,100 | -€6,661 | +€8,439 | +55.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,100 | -€6,661 | +€8,439 | +55.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.