SINALBA: 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.
SINALBA
Largest movements
- Tangible fixed assets +€13,209
up €13,209 (+273.1%), from €4,837 to €18,046
of which Other tangible fixed assets: +€16,058
- Receivables within one year +€5,692
up €5,692 (+12.9%), from €44,079 to €49,771
of which Trade receivables: +€33,638
- Stocks and contracts +€1,460
up €1,460 (+27.2%), from €5,370 to €6,830
- Profit (loss) carried forward -€70,080
down €70,080 (-497.8%), from -€14,077 to -€84,157
- Trade debts +€63,674
up €63,674 (+180.0%), from €35,384 to €99,058
- Debts after one year +€12,982
new in 2025: €12,982
- Tax, wage and social debts +€9,518
up €9,518 (+25.4%), from €37,534 to €47,052
of which Remuneration and social security: +€8,032
- Current portion of long-term debt +€3,940
new in 2025: €3,940
- Gross operating margin -€59,190
down €59,190 (-43.1%), from €137,310 to €78,121
- Staff costs +€34,126
up €34,126 (+34.8%), from €98,160 to €132,286
- Taxes -€9,573
down €9,573 (-100.0%), from €9,573 to €0
- Other operating charges -€1,738
down €1,738 (-30.7%), from €5,655 to €3,917
- Depreciation +€1,663
up €1,663 (+28.6%), from €5,811 to €7,474
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 | €73,062 | €92,512 | +€19,450 | +26.6% |
| Fixed assets | 21/28 | €10,087 | €23,296 | +€13,209 | +131.0% |
| Tangible fixed assets | 22/27 | €4,837 | €18,046 | +€13,209 | +273.1% |
| Furniture and vehicles | 24 | €3,371 | €522 | -€2,849 | -84.5% |
| Other tangible fixed assets | 26 | €1,466 | €17,524 | +€16,058 | +1095.0% |
| Financial fixed assets | 28 | €5,250 | €5,250 | = | 0.0% |
| Current assets | 29/58 | €62,975 | €69,216 | +€6,241 | +9.9% |
| Stocks and contracts in progress | 3 | €5,370 | €6,830 | +€1,460 | +27.2% |
| Stocks | 30/36 | €5,370 | €6,830 | +€1,460 | +27.2% |
| Amounts receivable within one year | 40/41 | €44,079 | €49,771 | +€5,692 | +12.9% |
| Trade receivables | 40 | €7,967 | €41,605 | +€33,638 | +422.2% |
| Other amounts receivable | 41 | €36,112 | €8,166 | -€27,946 | -77.4% |
| Cash at bank and in hand | 54/58 | €11,790 | €11,504 | -€286 | -2.4% |
| Deferred charges and accrued income | 490/1 | €1,736 | €1,110 | -€626 | -36.1% |
| Total equity and liabilities | 10/49 | €73,062 | €92,512 | +€19,450 | +26.6% |
| Equity | 10/15 | -€12,077 | -€82,157 | -€70,080 | -580.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,077 | -€84,157 | -€70,080 | -497.8% |
| Amounts payable | 17/49 | €85,139 | €174,668 | +€89,529 | +105.2% |
| Amounts payable after more than one year | 17 | - | €12,982 | +€12,982 | |
| Financial debts | 170/4 | - | €12,982 | +€12,982 | |
| Amounts payable within one year | 42/48 | €85,139 | €161,686 | +€76,547 | +89.9% |
| Current portion of amounts payable after more than one year | 42 | - | €3,940 | +€3,940 | |
| Trade debts | 44 | €35,384 | €99,058 | +€63,674 | +180.0% |
| Suppliers | 440/4 | €35,384 | €99,058 | +€63,674 | +180.0% |
| Taxes, remuneration and social security | 45 | €37,534 | €47,052 | +€9,518 | +25.4% |
| Taxes | 450/3 | €21,669 | €23,155 | +€1,486 | +6.9% |
| Remuneration and social security | 454/9 | €15,865 | €23,897 | +€8,032 | +50.6% |
| Other amounts payable | 47/48 | €12,221 | €11,636 | -€585 | -4.8% |
| Remuneration, social security and pensions | 62 | €98,160 | €132,286 | +€34,126 | +34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,811 | €7,474 | +€1,663 | +28.6% |
| Other operating charges | 640/8 | €5,655 | €3,917 | -€1,738 | -30.7% |
| Non-recurring operating charges | 66A | - | €1,539 | +€1,539 | |
| Gross operating margin | 9900 | €137,310 | €78,121 | -€59,190 | -43.1% |
| Operating profit (loss) | 9901 | €27,684 | -€67,094 | -€94,778 | |
| Financial income | 75/76B | €11 | €1,227 | +€1,215 | +10687.3% |
| Recurring financial income | 75 | €11 | €1,227 | +€1,215 | +10687.3% |
| Financial charges | 65/66B | €2,871 | €4,212 | +€1,341 | +46.7% |
| Recurring financial charges | 65 | €2,871 | €4,212 | +€1,341 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | €24,825 | -€70,080 | -€94,904 | |
| Income taxes | 67/77 | €9,573 | €0 | -€9,573 | -100.0% |
| Profit (loss) for the period | 9904 | €15,252 | -€70,080 | -€85,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,252 | -€70,080 | -€85,332 |
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 1 October 2026 via checked.be.