SINCKVAL: 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.
SINCKVAL
Largest movements
- Tangible fixed assets -€51,078
down €51,078 (-4.7%), from €1.1m to €1.0m
- Receivables within one year +€28,896
up €28,896 (+196%), from €14,759 to €43,655
of which Trade receivables: +€31,552
- Tax, wage and social debts -€17,781
down €17,781 (-38.8%), from €45,868 to €28,087
of which Remuneration and social security: -€16,115
- Depreciation -€13,676
down €13,676 (-21.1%), from €64,754 to €51,078
- Staff costs +€9,959
up €9,959 (+4.5%), from €222,628 to €232,587
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 | €1,197,523 | €1,186,811 | -€10,712 | -0.9% |
| Fixed assets | 21/28 | €1,088,890 | €1,037,812 | -€51,078 | -4.7% |
| Tangible fixed assets | 22/27 | €1,088,890 | €1,037,812 | -€51,078 | -4.7% |
| Land and buildings | 22 | €1,088,890 | €1,037,812 | -€51,078 | -4.7% |
| Current assets | 29/58 | €108,633 | €148,999 | +€40,366 | +37.2% |
| Amounts receivable within one year | 40/41 | €14,759 | €43,655 | +€28,896 | +196% |
| Trade receivables | 40 | €12,100 | €43,652 | +€31,552 | +261% |
| Other amounts receivable | 41 | €2,659 | €3 | -€2,656 | -99.9% |
| Cash at bank and in hand | 54/58 | €93,874 | €105,344 | +€11,470 | +12.2% |
| Total equity and liabilities | 10/49 | €1,197,523 | €1,186,811 | -€10,712 | -0.9% |
| Equity | 10/15 | €1,150,894 | €1,158,724 | +€7,830 | +0.7% |
| Contributions | 10/11 | €1,019,500 | €1,019,500 | = | 0.0% |
| Capital | 10 | €1,019,500 | €1,019,500 | = | 0.0% |
| Issued capital | 100 | €1,019,500 | €1,019,500 | = | 0.0% |
| Reserves | 13 | €26,180 | €26,571 | +€392 | +1.5% |
| Non-distributable reserves | 130/1 | €7,781 | €8,173 | +€392 | +5.0% |
| Legal reserve | 130 | €7,781 | €8,173 | +€392 | +5.0% |
| Tax-exempt reserves | 132 | €7,498 | €7,498 | = | 0.0% |
| Distributable reserves | 133 | €10,901 | €10,901 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,214 | €112,653 | +€7,439 | +7.1% |
| Amounts payable | 17/49 | €46,629 | €28,087 | -€18,542 | -39.8% |
| Amounts payable within one year | 42/48 | €46,629 | €28,087 | -€18,542 | -39.8% |
| Trade debts | 44 | €761 | - | -€761 | |
| Suppliers | 440/4 | €761 | - | -€761 | |
| Taxes, remuneration and social security | 45 | €45,868 | €28,087 | -€17,781 | -38.8% |
| Taxes | 450/3 | €19,372 | €17,706 | -€1,666 | -8.6% |
| Remuneration and social security | 454/9 | €26,496 | €10,381 | -€16,115 | -60.8% |
| Remuneration, social security and pensions | 62 | €222,628 | €232,587 | +€9,959 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,754 | €51,078 | -€13,676 | -21.1% |
| Other operating charges | 640/8 | €4,358 | €4,636 | +€277 | +6.4% |
| Gross operating margin | 9900 | €298,173 | €299,584 | +€1,411 | +0.5% |
| Operating profit (loss) | 9901 | €6,433 | €11,283 | +€4,850 | +75.4% |
| Financial income | 75/76B | €2,274 | - | -€2,274 | |
| Recurring financial income | 75 | €2,274 | - | -€2,274 | |
| Financial charges | 65/66B | €795 | €453 | -€342 | -43.0% |
| Recurring financial charges | 65 | €795 | €453 | -€342 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €7,913 | €10,830 | +€2,918 | +36.9% |
| Income taxes | 67/77 | €2,341 | €3,000 | +€659 | +28.1% |
| Profit (loss) for the period | 9904 | €5,571 | €7,830 | +€2,259 | +40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,571 | €7,830 | +€2,259 | +40.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.