SINANI: 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.
SINANI
Largest movements
- Receivables within one year +€159,068
up €159,068 (+77.5%), from €205,138 to €364,206
of which Trade receivables: +€151,014
- Cash +€12,353
up €12,353 (+143.8%), from €8,591 to €20,943
mainly Net result for the year (+€62,267) and Advances received (+€52,615)
- Profit (loss) carried forward +€62,267
up €62,267 (+110.6%), from €56,304 to €118,571
- Advances received +€52,615
up €52,615 (+3507.7%), from €1,500 to €54,115
- Accrued charges and deferred income +€31,369
new in 2024: €31,369
- Tax, wage and social debts +€17,678
up €17,678 (+134.3%), from €13,160 to €30,837
of which Taxes: +€17,273
- Debts after one year +€15,000
new in 2024: €15,000
- Gross operating margin +€48,544
up €48,544 (+99.6%), from €48,721 to €97,265
- Taxes +€17,616
up €17,616 (+196.0%), from €8,987 to €26,603
- Staff costs -€15,797
down €15,797 (-85.7%), from €18,432 to €2,635
- Other operating charges -€1,465
down €1,465 (-96.1%), from €1,525 to €60
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.
Cash bridge derived
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 | €224,793 | €396,781 | +€171,987 | +76.5% |
| Fixed assets | 21/28 | €8,504 | €6,461 | -€2,043 | -24.0% |
| Tangible fixed assets | 22/27 | €8,114 | €6,071 | -€2,043 | -25.2% |
| Furniture and vehicles | 24 | €8,114 | €6,071 | -€2,043 | -25.2% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €216,289 | €390,319 | +€174,031 | +80.5% |
| Amounts receivable within one year | 40/41 | €205,138 | €364,206 | +€159,068 | +77.5% |
| Trade receivables | 40 | €200,484 | €351,498 | +€151,014 | +75.3% |
| Other amounts receivable | 41 | €4,654 | €12,708 | +€8,054 | +173.0% |
| Cash at bank and in hand | 54/58 | €8,591 | €20,943 | +€12,353 | +143.8% |
| Deferred charges and accrued income | 490/1 | €2,560 | €5,170 | +€2,610 | +102.0% |
| Total equity and liabilities | 10/49 | €224,793 | €396,781 | +€171,987 | +76.5% |
| Equity | 10/15 | €57,804 | €120,071 | +€62,267 | +107.7% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,304 | €118,571 | +€62,267 | +110.6% |
| Amounts payable | 17/49 | €166,989 | €276,710 | +€109,720 | +65.7% |
| Amounts payable after more than one year | 17 | - | €15,000 | +€15,000 | |
| Financial debts | 170/4 | - | €15,000 | +€15,000 | |
| Amounts payable within one year | 42/48 | €166,989 | €230,340 | +€63,351 | +37.9% |
| Trade debts | 44 | €152,330 | €145,388 | -€6,941 | -4.6% |
| Suppliers | 440/4 | €152,330 | €145,388 | -€6,941 | -4.6% |
| Advances received on contracts in progress | 46 | €1,500 | €54,115 | +€52,615 | +3507.7% |
| Taxes, remuneration and social security | 45 | €13,160 | €30,837 | +€17,678 | +134.3% |
| Taxes | 450/3 | €13,160 | €30,433 | +€17,273 | +131.3% |
| Remuneration and social security | 454/9 | - | €404 | +€404 | |
| Accrued charges and deferred income | 492/3 | - | €31,369 | +€31,369 | |
| Remuneration, social security and pensions | 62 | €18,432 | €2,635 | -€15,797 | -85.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,443 | €5,355 | -€87 | -1.6% |
| Other operating charges | 640/8 | €1,525 | €60 | -€1,465 | -96.1% |
| Gross operating margin | 9900 | €48,721 | €97,265 | +€48,544 | +99.6% |
| Operating profit (loss) | 9901 | €23,321 | €89,215 | +€65,894 | +282.6% |
| Financial charges | 65/66B | €413 | €345 | -€68 | -16.4% |
| Recurring financial charges | 65 | €413 | €345 | -€68 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €22,908 | €88,870 | +€65,962 | +287.9% |
| Income taxes | 67/77 | €8,987 | €26,603 | +€17,616 | +196.0% |
| Profit (loss) for the period | 9904 | €13,921 | €62,267 | +€48,346 | +347.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,921 | €62,267 | +€48,346 | +347.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.