SINARO: 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.
SINARO
Largest movements
- Receivables within one year +€21,006
up €21,006 (+63.0%), from €33,320 to €54,325
- Cash +€3,056
up €3,056 (+9.8%), from €31,085 to €34,140
mainly Other debts (+€38,859) and Net result for the year (+€37,324)
- Other debts +€38,859
up €38,859 (+2,885%), from €1,347 to €40,206
- Profit (loss) carried forward -€12,676
down €12,676 (-52.1%), from €24,342 to €11,666
- Tax, wage and social debts -€3,598
down €3,598 (-30.8%), from €11,694 to €8,097
- Trade debts +€1,154
up €1,154 (+40.5%), from €2,848 to €4,002
- Gross operating margin +€27,175
up €27,175 (+110%), from €24,642 to €51,817
- Taxes +€4,575
up €4,575 (+68.5%), from €6,679 to €11,254
- Depreciation +€562
up €562 (+48.2%), from €1,165 to €1,727
- Other operating charges +€532
up €532 (+113%), from €472 to €1,004
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 | €69,731 | €93,471 | +€23,740 | +34.0% |
| Fixed assets | 21/28 | €4,794 | €4,111 | -€683 | -14.2% |
| Tangible fixed assets | 22/27 | €4,569 | €3,886 | -€683 | -14.9% |
| Plant, machinery and equipment | 23 | €862 | €468 | -€394 | -45.7% |
| Furniture and vehicles | 24 | €3,707 | €3,419 | -€289 | -7.8% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €64,937 | €89,360 | +€24,423 | +37.6% |
| Amounts receivable within one year | 40/41 | €33,320 | €54,325 | +€21,006 | +63.0% |
| Other amounts receivable | 41 | €33,320 | €54,325 | +€21,006 | +63.0% |
| Cash at bank and in hand | 54/58 | €31,085 | €34,140 | +€3,056 | +9.8% |
| Deferred charges and accrued income | 490/1 | €533 | €894 | +€361 | +67.8% |
| Total equity and liabilities | 10/49 | €69,731 | €93,471 | +€23,740 | +34.0% |
| Equity | 10/15 | €53,842 | €41,166 | -€12,676 | -23.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €27,000 | €27,000 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,342 | €11,666 | -€12,676 | -52.1% |
| Amounts payable | 17/49 | €15,889 | €52,305 | +€36,416 | +229% |
| Amounts payable within one year | 42/48 | €15,889 | €52,305 | +€36,416 | +229% |
| Trade debts | 44 | €2,848 | €4,002 | +€1,154 | +40.5% |
| Suppliers | 440/4 | €2,848 | €4,002 | +€1,154 | +40.5% |
| Taxes, remuneration and social security | 45 | €11,694 | €8,097 | -€3,598 | -30.8% |
| Taxes | 450/3 | €11,694 | €8,097 | -€3,598 | -30.8% |
| Other amounts payable | 47/48 | €1,347 | €40,206 | +€38,859 | +2,885% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €487 | +€487 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,165 | €1,727 | +€562 | +48.2% |
| Other operating charges | 640/8 | €472 | €1,004 | +€532 | +113% |
| Gross operating margin | 9900 | €24,642 | €51,817 | +€27,175 | +110% |
| Operating profit (loss) | 9901 | €23,006 | €48,600 | +€25,594 | +111% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €46 | €43 | -€3 | -7.2% |
| Recurring financial charges | 65 | €46 | €43 | -€3 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | €22,959 | €48,578 | +€25,619 | +112% |
| Income taxes | 67/77 | €6,679 | €11,254 | +€4,575 | +68.5% |
| Profit (loss) for the period | 9904 | €16,280 | €37,324 | +€21,044 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €16,280 | €37,324 | +€21,044 | +129% |
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 20 October 2026 via checked.be.