SINA E AMICI: 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.
SINA E AMICI
Largest movements
- Receivables within one year +€35,686
up €35,686 (+27.9%), from €128,113 to €163,799
of which Other amounts receivable: +€22,461
- Tangible fixed assets -€22,669
down €22,669 (-41.8%), from €54,181 to €31,513
- Cash -€13,038
down €13,038 (-34.3%), from €38,035 to €24,997
mainly Net result for the year (-€68,791) and Receivables within one year (-€35,686)
- Profit (loss) carried forward -€68,791
down €68,791 (-114.3%), from -€60,177 to -€128,968
- Trade debts +€47,109
up €47,109 (+247.4%), from €19,039 to €66,148
- Tax, wage and social debts +€13,181
up €13,181 (+42.8%), from €30,807 to €43,988
of which Taxes: +€9,543
- Other debts +€11,284
up €11,284 (+83.6%), from €13,499 to €24,784
- Debts after one year -€9,562
down €9,562 (-60.3%), from €15,859 to €6,296
- Gross operating margin -€53,009
down €53,009 (-24.4%), from €217,585 to €164,576
- Staff costs +€23,072
up €23,072 (+12.8%), from €180,860 to €203,932
- Financial charges +€5,623
up €5,623, from -€806 to €4,818
of which Non-recurring financial charges: +€4,289
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 | €226,775 | €225,104 | -€1,670 | -0.7% |
| Fixed assets | 21/28 | €57,857 | €33,539 | -€24,319 | -42.0% |
| Intangible fixed assets | 21 | €3,676 | €2,026 | -€1,650 | -44.9% |
| Tangible fixed assets | 22/27 | €54,181 | €31,513 | -€22,669 | -41.8% |
| Plant, machinery and equipment | 23 | €9,232 | €4,929 | -€4,303 | -46.6% |
| Furniture and vehicles | 24 | €8,442 | - | -€8,442 | |
| Leasing and similar rights | 25 | €18,086 | €12,046 | -€6,040 | -33.4% |
| Other tangible fixed assets | 26 | €18,421 | €14,537 | -€3,884 | -21.1% |
| Current assets | 29/58 | €168,917 | €191,566 | +€22,648 | +13.4% |
| Stocks and contracts in progress | 3 | €2,770 | €2,770 | = | 0.0% |
| Stocks | 30/36 | €2,770 | €2,770 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €128,113 | €163,799 | +€35,686 | +27.9% |
| Trade receivables | 40 | €121,731 | €134,956 | +€13,225 | +10.9% |
| Other amounts receivable | 41 | €6,382 | €28,843 | +€22,461 | +351.9% |
| Cash at bank and in hand | 54/58 | €38,035 | €24,997 | -€13,038 | -34.3% |
| Total equity and liabilities | 10/49 | €226,775 | €225,104 | -€1,670 | -0.7% |
| Equity | 10/15 | €11,446 | -€57,345 | -€68,791 | |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,177 | -€128,968 | -€68,791 | -114.3% |
| Investment grants | 15 | €6,623 | €6,623 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,656 | €1,656 | = | 0.0% |
| Deferred taxes | 168 | €1,656 | €1,656 | = | 0.0% |
| Amounts payable | 17/49 | €213,673 | €280,793 | +€67,120 | +31.4% |
| Amounts payable after more than one year | 17 | €15,859 | €6,296 | -€9,562 | -60.3% |
| Financial debts | 170/4 | €15,859 | €6,296 | -€9,562 | -60.3% |
| Amounts payable within one year | 42/48 | €197,814 | €274,497 | +€76,682 | +38.8% |
| Current portion of amounts payable after more than one year | 42 | €218 | €5,326 | +€5,108 | +2346.6% |
| Trade debts | 44 | €19,039 | €66,148 | +€47,109 | +247.4% |
| Suppliers | 440/4 | €19,039 | €66,148 | +€47,109 | +247.4% |
| Advances received on contracts in progress | 46 | €134,252 | €134,252 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €30,807 | €43,988 | +€13,181 | +42.8% |
| Taxes | 450/3 | €4,372 | €13,915 | +€9,543 | +218.3% |
| Remuneration and social security | 454/9 | €26,435 | €30,073 | +€3,638 | +13.8% |
| Other amounts payable | 47/48 | €13,499 | €24,784 | +€11,284 | +83.6% |
| Remuneration, social security and pensions | 62 | €180,860 | €203,932 | +€23,072 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,722 | €24,319 | -€403 | -1.6% |
| Other operating charges | 640/8 | €148 | €327 | +€179 | +121.1% |
| Gross operating margin | 9900 | €217,585 | €164,576 | -€53,009 | -24.4% |
| Operating profit (loss) | 9901 | €11,855 | -€64,001 | -€75,856 | |
| Financial income | 75/76B | €10 | €28 | +€17 | +167.0% |
| Recurring financial income | 75 | €10 | €28 | +€17 | +167.0% |
| Financial charges | 65/66B | -€806 | €4,818 | +€5,623 | |
| Recurring financial charges | 65 | €3,483 | €4,818 | +€1,335 | +38.3% |
| Non-recurring financial charges | 66B | -€4,289 | - | +€4,289 | |
| Profit (loss) for the period before taxes | 9903 | €12,671 | -€68,791 | -€81,462 | |
| Transfer from deferred taxes | 780 | €618 | - | -€618 | |
| Profit (loss) for the period | 9904 | €13,289 | -€68,791 | -€82,080 | |
| Transfer from tax-exempt reserves | 789 | €2,472 | - | -€2,472 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,761 | -€68,791 | -€84,552 |
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 7 October 2026 via checked.be.