Sin: 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.
Sin
Largest movements
- Tangible fixed assets -€3,500
down €3,500 (-17.7%), from €19,726 to €16,226
of which Land and buildings: -€2,608
- Cash -€3,308
down €3,308 (-21.6%), from €15,345 to €12,037
mainly Debts after one year (-€13,423) and Trade debts (-€6,952)
- Receivables within one year -€1,459
no longer reported in 2025 (was €1,459)
of which Other amounts receivable: -€1,220
- Debts after one year -€13,423
down €13,423 (-20.5%), from €65,540 to €52,117
- Reserves +€7,781
up €7,781 (+28.5%), from €27,338 to €35,119
- Trade debts -€6,952
down €6,952 (-92.3%), from €7,529 to €578
- Other debts +€2,915
up €2,915 (+8.8%), from €33,178 to €36,092
- Current portion of long-term debt +€747
up €747 (+5.9%), from €12,676 to €13,423
- Gross operating margin +€6,013
up €6,013 (+69.4%), from €8,670 to €14,683
- Financial income -€1,003
down €1,003 (-22.1%), from €4,535 to €3,532
of which Non-recurring financial income: -€878
- Financial charges -€589
down €589 (-11.9%), from €4,951 to €4,362
- Taxes +€455
up €455 (+140.5%), from €324 to €778
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 | €36,959 | €28,656 | -€8,303 | -22.5% |
| Fixed assets | 21/28 | €19,726 | €16,226 | -€3,500 | -17.7% |
| Tangible fixed assets | 22/27 | €19,726 | €16,226 | -€3,500 | -17.7% |
| Land and buildings | 22 | €16,974 | €14,366 | -€2,608 | -15.4% |
| Plant, machinery and equipment | 23 | €2,753 | €1,860 | -€892 | -32.4% |
| Current assets | 29/58 | €17,233 | €12,430 | -€4,803 | -27.9% |
| Stocks and contracts in progress | 3 | €428 | €393 | -€36 | -8.3% |
| Stocks | 30/36 | €428 | €393 | -€36 | -8.3% |
| Amounts receivable within one year | 40/41 | €1,459 | - | -€1,459 | |
| Trade receivables | 40 | €239 | - | -€239 | |
| Other amounts receivable | 41 | €1,220 | - | -€1,220 | |
| Cash at bank and in hand | 54/58 | €15,345 | €12,037 | -€3,308 | -21.6% |
| Total equity and liabilities | 10/49 | €36,959 | €28,656 | -€8,303 | -22.5% |
| Equity | 10/15 | -€82,227 | -€74,447 | +€7,781 | +9.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €27,338 | €35,119 | +€7,781 | +28.5% |
| Distributable reserves | 133 | €27,338 | €35,119 | +€7,781 | +28.5% |
| Profit (loss) carried forward | 14 | -€131,566 | -€131,566 | = | 0.0% |
| Amounts payable | 17/49 | €119,186 | €103,103 | -€16,083 | -13.5% |
| Amounts payable after more than one year | 17 | €65,540 | €52,117 | -€13,423 | -20.5% |
| Financial debts | 170/4 | €65,540 | €52,117 | -€13,423 | -20.5% |
| Amounts payable within one year | 42/48 | €53,646 | €50,985 | -€2,661 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €12,676 | €13,423 | +€747 | +5.9% |
| Trade debts | 44 | €7,529 | €578 | -€6,952 | -92.3% |
| Suppliers | 440/4 | €7,529 | €578 | -€6,952 | -92.3% |
| Taxes, remuneration and social security | 45 | €264 | €893 | +€629 | +238.8% |
| Taxes | 450/3 | €264 | €893 | +€629 | +238.8% |
| Other amounts payable | 47/48 | €33,178 | €36,092 | +€2,915 | +8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,635 | €3,500 | -€135 | -3.7% |
| Other operating charges | 640/8 | €1,660 | €1,794 | +€135 | +8.1% |
| Gross operating margin | 9900 | €8,670 | €14,683 | +€6,013 | +69.4% |
| Operating profit (loss) | 9901 | €3,375 | €9,389 | +€6,014 | +178.2% |
| Financial income | 75/76B | €4,535 | €3,532 | -€1,003 | -22.1% |
| Recurring financial income | 75 | €125 | €3,532 | +€3,407 | +2726.7% |
| Non-recurring financial income | 76B | €4,410 | €3,532 | -€878 | -19.9% |
| Financial charges | 65/66B | €4,951 | €4,362 | -€589 | -11.9% |
| Recurring financial charges | 65 | €4,951 | €4,362 | -€589 | -11.9% |
| Profit (loss) for the period before taxes | 9903 | €2,959 | €8,559 | +€5,600 | +189.2% |
| Income taxes | 67/77 | €324 | €778 | +€455 | +140.5% |
| Profit (loss) for the period | 9904 | €2,635 | €7,781 | +€5,145 | +195.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,635 | €7,781 | +€5,145 | +195.2% |
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 28 September 2026 via checked.be.