Sfinx Inside: 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.
Sfinx Inside
Largest movements
- Receivables within one year +€30,695
up €30,695 (+475%), from €6,465 to €37,159
of which Other amounts receivable: +€32,661
- Tangible fixed assets +€11,047
new in 2025: €11,047
- Cash -€1,746
down €1,746 (-12.2%), from €14,316 to €12,569
mainly Receivables within one year (-€30,695) and Investment in fixed assets (net) (-€11,126)
- Profit (loss) carried forward +€39,577
up €39,577 (+72.0%), from -€54,960 to -€15,384
- Tax, wage and social debts +€4,361
new in 2025: €4,361
- Trade debts -€3,943
down €3,943 (-71.0%), from €5,550 to €1,607
- Gross operating margin +€94,819
up €94,819, from -€54,259 to €40,560
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 | €20,780 | €60,775 | +€39,995 | +192% |
| Fixed assets | 21/28 | - | €11,047 | +€11,047 | |
| Tangible fixed assets | 22/27 | - | €11,047 | +€11,047 | |
| Land and buildings | 22 | - | €11,047 | +€11,047 | |
| Current assets | 29/58 | €20,780 | €49,728 | +€28,948 | +139% |
| Amounts receivable within one year | 40/41 | €6,465 | €37,159 | +€30,695 | +475% |
| Trade receivables | 40 | €6,050 | €4,084 | -€1,966 | -32.5% |
| Other amounts receivable | 41 | €415 | €33,076 | +€32,661 | +7,878% |
| Cash at bank and in hand | 54/58 | €14,316 | €12,569 | -€1,746 | -12.2% |
| Total equity and liabilities | 10/49 | €20,780 | €60,775 | +€39,995 | +192% |
| Equity | 10/15 | €15,033 | €54,610 | +€39,577 | +263% |
| Contributions | 10/11 | €69,994 | €69,994 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€54,960 | -€15,384 | +€39,577 | +72.0% |
| Amounts payable | 17/49 | €5,747 | €6,165 | +€418 | +7.3% |
| Amounts payable within one year | 42/48 | €5,747 | €6,165 | +€418 | +7.3% |
| Trade debts | 44 | €5,550 | €1,607 | -€3,943 | -71.0% |
| Suppliers | 440/4 | €5,550 | €1,607 | -€3,943 | -71.0% |
| Taxes, remuneration and social security | 45 | - | €4,361 | +€4,361 | |
| Taxes | 450/3 | - | €4,361 | +€4,361 | |
| Other amounts payable | 47/48 | €197 | €197 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €79 | +€79 | |
| Other operating charges | 640/8 | €872 | €754 | -€118 | -13.5% |
| Gross operating margin | 9900 | -€54,259 | €40,560 | +€94,819 | |
| Operating profit (loss) | 9901 | -€55,131 | €39,727 | +€94,858 | |
| Financial income | 75/76B | €193 | - | -€193 | |
| Recurring financial income | 75 | €193 | - | -€193 | |
| Financial charges | 65/66B | €23 | €151 | +€128 | +564% |
| Recurring financial charges | 65 | €23 | €151 | +€128 | +564% |
| Profit (loss) for the period before taxes | 9903 | -€54,960 | €39,577 | +€94,537 | |
| Profit (loss) for the period | 9904 | -€54,960 | €39,577 | +€94,537 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,960 | €39,577 | +€94,537 |
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 18 October 2026 via checked.be.