SINA EXPRESS: 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.
SINA EXPRESS
Largest movements
- Stocks and contracts -€12,512
down €12,512 (-18.2%), from €68,752 to €56,240
- Receivables within one year +€8,578
up €8,578 (+43.3%), from €19,821 to €28,399
of which Trade receivables: +€8,538
- Tangible fixed assets -€1,980
down €1,980 (-68.6%), from €2,887 to €907
of which Furniture and vehicles: -€1,779
- Intangible fixed assets -€1,633
no longer reported in 2024 (was €1,633)
- Tax, wage and social debts -€10,112
down €10,112 (-20.1%), from €50,400 to €40,288
of which Remuneration and social security: -€12,859
- Other debts +€6,047
up €6,047 (+57.3%), from €10,547 to €16,595
- Trade debts -€1,176
down €1,176 (-4.6%), from €25,840 to €24,664
- Staff costs -€10,145
down €10,145 (-11.2%), from €90,820 to €80,674
- Gross operating margin -€10,137
down €10,137 (-9.5%), from €107,092 to €96,955
- Depreciation -€2,650
down €2,650 (-42.3%), from €6,262 to €3,612
- Financial charges -€2,496
down €2,496 (-47.1%), from €5,304 to €2,808
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €105,887 | €100,042 | -€5,846 | -5.5% |
| Fixed assets | 21/28 | €5,719 | €2,107 | -€3,612 | -63.2% |
| Intangible fixed assets | 21 | €1,633 | - | -€1,633 | |
| Tangible fixed assets | 22/27 | €2,887 | €907 | -€1,980 | -68.6% |
| Plant, machinery and equipment | 23 | €741 | €540 | -€201 | -27.1% |
| Furniture and vehicles | 24 | €2,146 | €367 | -€1,779 | -82.9% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €100,168 | €97,935 | -€2,233 | -2.2% |
| Stocks and contracts in progress | 3 | €68,752 | €56,240 | -€12,512 | -18.2% |
| Stocks | 30/36 | €68,752 | €56,240 | -€12,512 | -18.2% |
| Amounts receivable within one year | 40/41 | €19,821 | €28,399 | +€8,578 | +43.3% |
| Trade receivables | 40 | €19,821 | €28,360 | +€8,538 | +43.1% |
| Other amounts receivable | 41 | - | €40 | +€40 | |
| Cash at bank and in hand | 54/58 | €10,504 | €11,452 | +€948 | +9.0% |
| Deferred charges and accrued income | 490/1 | €1,091 | €1,843 | +€752 | +69.0% |
| Total equity and liabilities | 10/49 | €105,887 | €100,042 | -€5,846 | -5.5% |
| Equity | 10/15 | €19,100 | €18,495 | -€605 | -3.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €563 | €563 | = | 0.0% |
| Non-distributable reserves | 130/1 | €563 | €563 | = | 0.0% |
| Reserves not available under the articles | 1311 | €563 | €563 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,138 | €5,532 | -€605 | -9.9% |
| Amounts payable | 17/49 | €86,787 | €81,547 | -€5,240 | -6.0% |
| Amounts payable within one year | 42/48 | €86,787 | €81,547 | -€5,240 | -6.0% |
| Trade debts | 44 | €25,840 | €24,664 | -€1,176 | -4.6% |
| Suppliers | 440/4 | €25,840 | €24,664 | -€1,176 | -4.6% |
| Taxes, remuneration and social security | 45 | €50,400 | €40,288 | -€10,112 | -20.1% |
| Taxes | 450/3 | €23,686 | €26,433 | +€2,747 | +11.6% |
| Remuneration and social security | 454/9 | €26,714 | €13,855 | -€12,859 | -48.1% |
| Other amounts payable | 47/48 | €10,547 | €16,595 | +€6,047 | +57.3% |
| Remuneration, social security and pensions | 62 | €90,820 | €80,674 | -€10,145 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,262 | €3,612 | -€2,650 | -42.3% |
| Other operating charges | 640/8 | €7,025 | €7,496 | +€471 | +6.7% |
| Gross operating margin | 9900 | €107,092 | €96,955 | -€10,137 | -9.5% |
| Operating profit (loss) | 9901 | €2,985 | €5,172 | +€2,187 | +73.3% |
| Financial income | 75/76B | €0 | €122 | +€121 | +25,275% |
| Recurring financial income | 75 | €0 | €122 | +€121 | +25,275% |
| Financial charges | 65/66B | €5,304 | €2,808 | -€2,496 | -47.1% |
| Recurring financial charges | 65 | €5,304 | €2,808 | -€2,496 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,318 | €2,486 | +€4,805 | |
| Income taxes | 67/77 | €3,010 | €3,092 | +€82 | +2.7% |
| Profit (loss) for the period | 9904 | -€5,328 | -€605 | +€4,723 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,328 | -€605 | +€4,723 | +88.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.