Sin Carga: 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.
Sin Carga
Largest movements
- Cash -€20,107
down €20,107 (-50.6%), from €39,719 to €19,612
mainly Contributions, distributions and other (-€132,390) and Investment in fixed assets (net) (-€8,540)
- Receivables within one year -€5,226
down €5,226 (-9.4%), from €55,632 to €50,406
of which Trade receivables: -€8,513
- Reserves -€87,065
down €87,065 (-85.0%), from €102,396 to €15,332
- Other debts +€59,342
up €59,342, from €0 to €59,342
- Tax, wage and social debts +€3,438
up €3,438 (+44.8%), from €7,683 to €11,121
of which Taxes: +€3,438
- Gross operating margin -€21,001
down €21,001 (-24.0%), from €87,450 to €66,449
- Taxes -€4,252
down €4,252 (-25.7%), from €16,516 to €12,263
- Depreciation -€1,104
down €1,104 (-12.8%), from €8,607 to €7,502
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 | €111,885 | €87,576 | -€24,309 | -21.7% |
| Fixed assets | 21/28 | €14,666 | €15,704 | +€1,038 | +7.1% |
| Tangible fixed assets | 22/27 | €14,666 | €15,704 | +€1,038 | +7.1% |
| Land and buildings | 22 | - | €4,028 | +€4,028 | |
| Furniture and vehicles | 24 | €14,666 | €11,677 | -€2,989 | -20.4% |
| Current assets | 29/58 | €97,219 | €71,872 | -€25,347 | -26.1% |
| Amounts receivable within one year | 40/41 | €55,632 | €50,406 | -€5,226 | -9.4% |
| Trade receivables | 40 | €53,182 | €44,670 | -€8,513 | -16.0% |
| Other amounts receivable | 41 | €2,450 | €5,737 | +€3,286 | +134.1% |
| Cash at bank and in hand | 54/58 | €39,719 | €19,612 | -€20,107 | -50.6% |
| Deferred charges and accrued income | 490/1 | €1,867 | €1,853 | -€14 | -0.7% |
| Total equity and liabilities | 10/49 | €111,885 | €87,576 | -€24,309 | -21.7% |
| Equity | 10/15 | €103,396 | €16,332 | -€87,065 | -84.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €102,396 | €15,332 | -€87,065 | -85.0% |
| Distributable reserves | 133 | €102,396 | €15,332 | -€87,065 | -85.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €8,489 | €71,244 | +€62,756 | +739.3% |
| Amounts payable within one year | 42/48 | €8,489 | €71,244 | +€62,756 | +739.3% |
| Current portion of amounts payable after more than one year | 42 | €504 | €0 | -€504 | -100.0% |
| Trade debts | 44 | €302 | €781 | +€479 | +158.3% |
| Suppliers | 440/4 | €302 | €781 | +€479 | +158.3% |
| Taxes, remuneration and social security | 45 | €7,683 | €11,121 | +€3,438 | +44.8% |
| Taxes | 450/3 | €7,683 | €11,121 | +€3,438 | +44.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €59,342 | +€59,342 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,607 | €7,502 | -€1,104 | -12.8% |
| Other operating charges | 640/8 | €1,219 | €1,156 | -€63 | -5.1% |
| Gross operating margin | 9900 | €87,450 | €66,449 | -€21,001 | -24.0% |
| Operating profit (loss) | 9901 | €77,624 | €57,791 | -€19,833 | -25.6% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100.0% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100.0% |
| Financial charges | 65/66B | €184 | €202 | +€18 | +9.9% |
| Recurring financial charges | 65 | €184 | €202 | +€18 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €77,442 | €57,589 | -€19,853 | -25.6% |
| Income taxes | 67/77 | €16,516 | €12,263 | -€4,252 | -25.7% |
| Profit (loss) for the period | 9904 | €60,926 | €45,325 | -€15,601 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €60,926 | €45,325 | -€15,601 | -25.6% |
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 12 October 2026 via checked.be.