SINA GROUP: 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 GROUP
Largest movements
- Tangible fixed assets +€34,205
new in 2025: €34,205
- Cash +€11,310
up €11,310 (+33.1%), from €34,204 to €45,514
mainly Trade debts (+€39,940) and Net result for the year (+€28,565)
- Stocks and contracts +€8,013
up €8,013 (+403%), from €1,987 to €10,000
- Trade debts +€39,940
up €39,940 (+311%), from €12,840 to €52,780
- Profit (loss) carried forward +€28,565
up €28,565, from -€2,389 to €26,177
- Other debts -€9,619
down €9,619 (-96.5%), from €9,969 to €350
- Tax, wage and social debts -€5,137
down €5,137 (-32.0%), from €16,046 to €10,908
of which Remuneration and social security: -€8,615
- Purchases and services +€590,104
up €590,104 (+329%), from €179,316 to €769,419
- Staff costs -€27,115
down €27,115 (-95.1%), from €28,500 to €1,385
- Gross operating margin +€12,140
up €12,140 (+36.9%), from €32,891 to €45,032
- Taxes +€7,705
up €7,705 (+847%), from €909 to €8,614
- Depreciation +€3,526
new in 2025: €3,526
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.
Derived cash bridge
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 | €41,466 | €95,215 | +€53,749 | +130% |
| Fixed assets | 21/28 | - | €34,205 | +€34,205 | |
| Tangible fixed assets | 22/27 | - | €34,205 | +€34,205 | |
| Plant, machinery and equipment | 23 | - | €34,205 | +€34,205 | |
| Current assets | 29/58 | €41,466 | €61,010 | +€19,544 | +47.1% |
| Stocks and contracts in progress | 3 | €1,987 | €10,000 | +€8,013 | +403% |
| Stocks | 30/36 | €1,987 | €10,000 | +€8,013 | +403% |
| Amounts receivable within one year | 40/41 | €5,275 | €5,495 | +€220 | +4.2% |
| Trade receivables | 40 | - | €1,623 | +€1,623 | |
| Other amounts receivable | 41 | €5,275 | €3,872 | -€1,402 | -26.6% |
| Cash at bank and in hand | 54/58 | €34,204 | €45,514 | +€11,310 | +33.1% |
| Total equity and liabilities | 10/49 | €41,466 | €95,215 | +€53,749 | +130% |
| Equity | 10/15 | €2,611 | €31,177 | +€28,565 | +1,094% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,389 | €26,177 | +€28,565 | |
| Amounts payable | 17/49 | €38,854 | €64,038 | +€25,184 | +64.8% |
| Amounts payable within one year | 42/48 | €38,854 | €64,038 | +€25,184 | +64.8% |
| Trade debts | 44 | €12,840 | €52,780 | +€39,940 | +311% |
| Suppliers | 440/4 | €12,840 | €52,780 | +€39,940 | +311% |
| Taxes, remuneration and social security | 45 | €16,046 | €10,908 | -€5,137 | -32.0% |
| Taxes | 450/3 | €6,046 | €9,523 | +€3,477 | +57.5% |
| Remuneration and social security | 454/9 | €10,000 | €1,385 | -€8,615 | -86.1% |
| Other amounts payable | 47/48 | €9,969 | €350 | -€9,619 | -96.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €179,316 | €769,419 | +€590,104 | +329% |
| Remuneration, social security and pensions | 62 | €28,500 | €1,385 | -€27,115 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,526 | +€3,526 | |
| Other operating charges | 640/8 | €98 | €2,097 | +€1,999 | +2,048% |
| Gross operating margin | 9900 | €32,891 | €45,032 | +€12,140 | +36.9% |
| Operating profit (loss) | 9901 | €4,293 | €38,024 | +€33,730 | +786% |
| Financial income | 75/76B | €0 | €5 | +€5 | +2,077% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2,077% |
| Financial charges | 65/66B | €150 | €849 | +€700 | +467% |
| Recurring financial charges | 65 | €150 | €849 | +€700 | +467% |
| Profit (loss) for the period before taxes | 9903 | €4,144 | €37,179 | +€33,035 | +797% |
| Income taxes | 67/77 | €909 | €8,614 | +€7,705 | +847% |
| Profit (loss) for the period | 9904 | €3,235 | €28,565 | +€25,331 | +783% |
| Profit (loss) for the period to be appropriated | 9905 | €3,235 | €28,565 | +€25,331 | +783% |
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 16 October 2026 via checked.be.