SINCLAIR: 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.
SINCLAIR
Largest movements
- Receivables within one year -€2,948
down €2,948 (-11.5%), from €25,630 to €22,683
of which Other amounts receivable: -€6,349
- Cash +€430
up €430 (+6.5%), from €6,568 to €6,998
mainly Other debts (+€55,837) and Receivables within one year (+€2,948)
- Other debts +€55,837
up €55,837 (+56.0%), from €99,623 to €155,460
- Short-term financial debts -€35,350
down €35,350 (-56.9%), from €62,099 to €26,749
- Trade debts -€16,626
down €16,626 (-49.0%), from €33,898 to €17,272
- Profit (loss) carried forward -€6,352
down €6,352 (-3.8%), from -€166,681 to -€173,033
- Write-downs -€4,220
no longer reported in 2025 (was €4,220)
- Financial charges -€2,312
down €2,312 (-34.1%), from €6,783 to €4,472
- Financial income +€135
new in 2025: €135
- Gross operating margin +€48
up €48 (+2.9%), from -€1,664 to -€1,616
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 | €41,424 | €38,906 | -€2,518 | -6.1% |
| Fixed assets | 21/28 | €9,226 | €9,226 | = | 0.0% |
| Financial fixed assets | 28 | €9,226 | €9,226 | = | 0.0% |
| Current assets | 29/58 | €32,198 | €29,680 | -€2,518 | -7.8% |
| Amounts receivable within one year | 40/41 | €25,630 | €22,683 | -€2,948 | -11.5% |
| Trade receivables | 40 | €19,000 | €22,401 | +€3,401 | +17.9% |
| Other amounts receivable | 41 | €6,630 | €281 | -€6,349 | -95.8% |
| Cash at bank and in hand | 54/58 | €6,568 | €6,998 | +€430 | +6.5% |
| Total equity and liabilities | 10/49 | €41,424 | €38,906 | -€2,518 | -6.1% |
| Equity | 10/15 | -€158,571 | -€164,923 | -€6,352 | -4.0% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,681 | -€173,033 | -€6,352 | -3.8% |
| Amounts payable | 17/49 | €199,995 | €203,830 | +€3,834 | +1.9% |
| Amounts payable within one year | 42/48 | €195,619 | €199,481 | +€3,861 | +2.0% |
| Financial debts | 43 | €62,099 | €26,749 | -€35,350 | -56.9% |
| Other loans | 439 | €62,099 | €26,749 | -€35,350 | -56.9% |
| Trade debts | 44 | €33,898 | €17,272 | -€16,626 | -49.0% |
| Suppliers | 440/4 | €33,898 | €17,272 | -€16,626 | -49.0% |
| Other amounts payable | 47/48 | €99,623 | €155,460 | +€55,837 | +56.0% |
| Accrued charges and deferred income | 492/3 | €4,376 | €4,349 | -€27 | -0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,220 | - | -€4,220 | |
| Other operating charges | 640/8 | €385 | €400 | +€15 | +3.9% |
| Non-recurring operating charges | 66A | €37,135 | - | -€37,135 | |
| Gross operating margin | 9900 | -€1,664 | -€1,616 | +€48 | +2.9% |
| Operating profit (loss) | 9901 | -€43,404 | -€2,015 | +€41,389 | +95.4% |
| Financial income | 75/76B | - | €135 | +€135 | |
| Recurring financial income | 75 | - | €135 | +€135 | |
| Financial charges | 65/66B | €6,783 | €4,472 | -€2,312 | -34.1% |
| Recurring financial charges | 65 | €6,783 | €4,472 | -€2,312 | -34.1% |
| Profit (loss) for the period before taxes | 9903 | -€50,187 | -€6,352 | +€43,835 | +87.3% |
| Profit (loss) for the period | 9904 | -€50,187 | -€6,352 | +€43,835 | +87.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,187 | -€6,352 | +€43,835 | +87.3% |
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 8 October 2026 via checked.be.