SINAXA: 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.
SINAXA
Largest movements
- Tangible fixed assets +€462,273
up €462,273 (+84.6%), from €546,578 to €1.0m
- Debts after one year +€567,700
up €567,700 (+130.2%), from €435,884 to €1.0m
- Profit (loss) carried forward -€46,034
down €46,034 (-57.3%), from -€80,399 to -€126,433
- Trade debts -€32,388
down €32,388 (-78.0%), from €41,525 to €9,137
- Current portion of long-term debt -€23,412
down €23,412 (-98.9%), from €23,663 to €251
- Other operating charges -€23,275
down €23,275 (-74.9%), from €31,061 to €7,786
- Depreciation +€17,799
up €17,799 (+90.5%), from €19,671 to €37,470
- Gross operating margin -€7,669
down €7,669 (-49.2%), from €15,585 to €7,916
- Financial charges -€4,976
down €4,976 (-36.4%), from €13,670 to €8,694
- Staff costs -€384
no longer reported in 2025 (was €384)
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 | €555,955 | €1,021,821 | +€465,866 | +83.8% |
| Fixed assets | 21/28 | €546,578 | €1,008,851 | +€462,273 | +84.6% |
| Tangible fixed assets | 22/27 | €546,578 | €1,008,851 | +€462,273 | +84.6% |
| Land and buildings | 22 | €546,578 | €1,008,851 | +€462,273 | +84.6% |
| Current assets | 29/58 | €9,377 | €12,970 | +€3,593 | +38.3% |
| Amounts receivable within one year | 40/41 | €2,500 | €53 | -€2,447 | -97.9% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | - | €53 | +€53 | |
| Cash at bank and in hand | 54/58 | €6,877 | €12,917 | +€6,040 | +87.8% |
| Total equity and liabilities | 10/49 | €555,955 | €1,021,821 | +€465,866 | +83.8% |
| Equity | 10/15 | €54,601 | €8,567 | -€46,034 | -84.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Revaluation surpluses | 12 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,399 | -€126,433 | -€46,034 | -57.3% |
| Amounts payable | 17/49 | €501,354 | €1,013,254 | +€511,900 | +102.1% |
| Amounts payable after more than one year | 17 | €435,884 | €1,003,584 | +€567,700 | +130.2% |
| Financial debts | 170/4 | €435,884 | €1,003,584 | +€567,700 | +130.2% |
| Amounts payable within one year | 42/48 | €65,470 | €9,670 | -€55,800 | -85.2% |
| Current portion of amounts payable after more than one year | 42 | €23,663 | €251 | -€23,412 | -98.9% |
| Trade debts | 44 | €41,525 | €9,137 | -€32,388 | -78.0% |
| Suppliers | 440/4 | €41,525 | €9,137 | -€32,388 | -78.0% |
| Taxes, remuneration and social security | 45 | €282 | €282 | = | 0.0% |
| Taxes | 450/3 | €263 | €263 | = | 0.0% |
| Remuneration and social security | 454/9 | €19 | €19 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €384 | - | -€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,671 | €37,470 | +€17,799 | +90.5% |
| Other operating charges | 640/8 | €31,061 | €7,786 | -€23,275 | -74.9% |
| Gross operating margin | 9900 | €15,585 | €7,916 | -€7,669 | -49.2% |
| Operating profit (loss) | 9901 | -€35,531 | -€37,340 | -€1,809 | -5.1% |
| Financial charges | 65/66B | €13,670 | €8,694 | -€4,976 | -36.4% |
| Recurring financial charges | 65 | €13,670 | €8,694 | -€4,976 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,201 | -€46,034 | +€3,167 | +6.4% |
| Profit (loss) for the period | 9904 | -€49,201 | -€46,034 | +€3,167 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,201 | -€46,034 | +€3,167 | +6.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.