SINAKA: 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.
SINAKA
Largest movements
- Tangible fixed assets -€15,920
down €15,920 (-3.3%), from €477,951 to €462,031
of which Land and buildings: -€8,890
- Receivables within one year +€11,069
up €11,069 (+872%), from €1,270 to €12,339
- Debts after one year -€28,403
down €28,403 (-6.6%), from €429,654 to €401,251
of which Financial debts: -€27,133
- Reserves +€13,912
up €13,912 (+101%), from €13,799 to €27,711
- Gross operating margin +€29,836
up €29,836 (+121%), from €24,715 to €54,551
- Depreciation +€4,637
up €4,637 (+36.6%), from €12,667 to €17,304
- Financial charges +€2,666
up €2,666 (+19.9%), from €13,424 to €16,091
- Taxes +€2,476
up €2,476, from -€29 to €2,447
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 | €497,914 | €489,731 | -€8,183 | -1.6% |
| Fixed assets | 21/28 | €477,951 | €462,031 | -€15,920 | -3.3% |
| Tangible fixed assets | 22/27 | €477,951 | €462,031 | -€15,920 | -3.3% |
| Land and buildings | 22 | €302,669 | €293,780 | -€8,890 | -2.9% |
| Other tangible fixed assets | 26 | €175,282 | €168,251 | -€7,030 | -4.0% |
| Current assets | 29/58 | €19,963 | €27,700 | +€7,737 | +38.8% |
| Amounts receivable within one year | 40/41 | €1,270 | €12,339 | +€11,069 | +872% |
| Trade receivables | 40 | €1,270 | €12,339 | +€11,069 | +872% |
| Cash at bank and in hand | 54/58 | €18,693 | €15,361 | -€3,332 | -17.8% |
| Total equity and liabilities | 10/49 | €497,914 | €489,731 | -€8,183 | -1.6% |
| Equity | 10/15 | €29,346 | €46,311 | +€16,966 | +57.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,799 | €27,711 | +€13,912 | +101% |
| Distributable reserves | 133 | €13,799 | €27,711 | +€13,912 | +101% |
| Profit (loss) carried forward | 14 | -€3,053 | - | +€3,053 | |
| Amounts payable | 17/49 | €468,568 | €443,420 | -€25,149 | -5.4% |
| Amounts payable after more than one year | 17 | €429,654 | €401,251 | -€28,403 | -6.6% |
| Financial debts | 170/4 | €399,754 | €372,621 | -€27,133 | -6.8% |
| Other amounts payable | 178/9 | €29,900 | €28,630 | -€1,270 | -4.2% |
| Amounts payable within one year | 42/48 | €38,914 | €42,168 | +€3,254 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €26,200 | €27,133 | +€932 | +3.6% |
| Trade debts | 44 | €12,391 | €10,307 | -€2,084 | -16.8% |
| Suppliers | 440/4 | €12,391 | €10,307 | -€2,084 | -16.8% |
| Taxes, remuneration and social security | 45 | €323 | €4,728 | +€4,406 | +1,366% |
| Taxes | 450/3 | €323 | €4,728 | +€4,406 | +1,366% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,667 | €17,304 | +€4,637 | +36.6% |
| Other operating charges | 640/8 | €1,757 | €1,809 | +€52 | +3.0% |
| Gross operating margin | 9900 | €24,715 | €54,551 | +€29,836 | +121% |
| Operating profit (loss) | 9901 | €10,291 | €35,437 | +€25,146 | +244% |
| Financial income | 75/76B | €51 | €66 | +€15 | +29.0% |
| Recurring financial income | 75 | €51 | €66 | +€15 | +29.0% |
| Financial charges | 65/66B | €13,424 | €16,091 | +€2,666 | +19.9% |
| Recurring financial charges | 65 | €13,424 | €16,091 | +€2,666 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | -€3,082 | €19,413 | +€22,495 | |
| Income taxes | 67/77 | -€29 | €2,447 | +€2,476 | |
| Profit (loss) for the period | 9904 | -€3,053 | €16,966 | +€20,019 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,053 | €16,966 | +€20,019 |
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 19 October 2026 via checked.be.