SIN-TEX: 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-TEX
Largest movements
- Stocks and contracts +€53,273
up €53,273 (+66.1%), from €80,544 to €133,817
- Tangible fixed assets -€24,343
down €24,343 (-28.6%), from €85,141 to €60,798
of which Furniture and vehicles: -€23,799
- Cash +€10,834
up €10,834 (+8.3%), from €131,090 to €141,925
mainly Net result for the year (+€45,178) and Depreciation (+€16,949)
- Receivables within one year +€5,214
up €5,214 (+26.9%), from €19,346 to €24,559
of which Trade receivables: +€9,319
- Profit (loss) carried forward +€45,178
up €45,178 (+17.9%), from €252,761 to €297,939
- Gross operating margin -€23,096
down €23,096 (-20.8%), from €110,807 to €87,711
- Taxes -€8,761
down €8,761 (-36.3%), from €24,144 to €15,383
- Depreciation -€2,045
down €2,045 (-10.8%), from €18,995 to €16,949
- Financial income +€1,309
up €1,309 (+823.2%), from €159 to €1,469
- Financial charges -€1,217
down €1,217 (-44.7%), from €2,725 to €1,508
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 | €320,837 | €364,560 | +€43,724 | +13.6% |
| Fixed assets | 21/28 | €85,416 | €61,073 | -€24,343 | -28.5% |
| Tangible fixed assets | 22/27 | €85,141 | €60,798 | -€24,343 | -28.6% |
| Plant, machinery and equipment | 23 | €952 | €408 | -€544 | -57.1% |
| Furniture and vehicles | 24 | €84,188 | €60,389 | -€23,799 | -28.3% |
| Financial fixed assets | 28 | €275 | €275 | = | 0.0% |
| Current assets | 29/58 | €235,421 | €303,488 | +€68,067 | +28.9% |
| Stocks and contracts in progress | 3 | €80,544 | €133,817 | +€53,273 | +66.1% |
| Stocks | 30/36 | €80,544 | €133,817 | +€53,273 | +66.1% |
| Amounts receivable within one year | 40/41 | €19,346 | €24,559 | +€5,214 | +26.9% |
| Trade receivables | 40 | €15,240 | €24,559 | +€9,319 | +61.1% |
| Other amounts receivable | 41 | €4,106 | - | -€4,106 | |
| Cash at bank and in hand | 54/58 | €131,090 | €141,925 | +€10,834 | +8.3% |
| Deferred charges and accrued income | 490/1 | €4,441 | €3,187 | -€1,253 | -28.2% |
| Total equity and liabilities | 10/49 | €320,837 | €364,560 | +€43,724 | +13.6% |
| Equity | 10/15 | €276,298 | €321,477 | +€45,178 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,937 | €4,937 | = | 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% |
| Distributable reserves | 133 | €3,077 | €3,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,761 | €297,939 | +€45,178 | +17.9% |
| Amounts payable | 17/49 | €44,538 | €43,084 | -€1,454 | -3.3% |
| Amounts payable within one year | 42/48 | €44,538 | €43,084 | -€1,454 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | - | €639 | +€639 | |
| Trade debts | 44 | €13,115 | €12,322 | -€793 | -6.0% |
| Suppliers | 440/4 | €13,115 | €12,322 | -€793 | -6.0% |
| Taxes, remuneration and social security | 45 | €31,423 | €30,123 | -€1,301 | -4.1% |
| Taxes | 450/3 | €31,423 | €30,123 | -€1,301 | -4.1% |
| Non-recurring operating income | 76A | €10,559 | €8,600 | -€1,959 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,995 | €16,949 | -€2,045 | -10.8% |
| Other operating charges | 640/8 | €1,010 | €590 | -€420 | -41.6% |
| Non-recurring operating charges | 66A | - | €9,571 | +€9,571 | |
| Gross operating margin | 9900 | €110,807 | €87,711 | -€23,096 | -20.8% |
| Operating profit (loss) | 9901 | €90,802 | €60,601 | -€30,202 | -33.3% |
| Financial income | 75/76B | €159 | €1,469 | +€1,309 | +823.2% |
| Recurring financial income | 75 | €159 | €1,469 | +€1,309 | +823.2% |
| Financial charges | 65/66B | €2,725 | €1,508 | -€1,217 | -44.7% |
| Recurring financial charges | 65 | €2,725 | €1,508 | -€1,217 | -44.7% |
| Profit (loss) for the period before taxes | 9903 | €88,237 | €60,561 | -€27,675 | -31.4% |
| Income taxes | 67/77 | €24,144 | €15,383 | -€8,761 | -36.3% |
| Profit (loss) for the period | 9904 | €64,093 | €45,178 | -€18,914 | -29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €64,093 | €45,178 | -€18,914 | -29.5% |
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 4 October 2026 via checked.be.