SINCLEAN: 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.
SINCLEAN
Largest movements
- Cash +€26,351
up €26,351 (+135%), from €19,589 to €45,940
mainly Provisions (+€19,899) and Stocks and contracts (+€17,798)
- Stocks and contracts -€17,798
down €17,798 (-26.8%), from €66,427 to €48,629
- Tangible fixed assets -€17,640
down €17,640 (-17.9%), from €98,346 to €80,706
of which Land and buildings: -€9,307
- Current investments -€13,545
down €13,545 (-25.2%), from €53,826 to €40,281
- Receivables within one year -€12,680
down €12,680 (-53.3%), from €23,785 to €11,105
of which Trade receivables: -€12,415
- Provisions +€19,899
up €19,899 (+89.6%), from €22,205 to €42,104
- Other debts -€18,779
down €18,779 (-23.1%), from €81,326 to €62,547
- Debts after one year -€16,806
down €16,806 (-23.5%), from €71,378 to €54,572
of which Financial debts: -€16,806
- Trade debts -€14,594
down €14,594 (-90.4%), from €16,143 to €1,549
- Accrued charges and deferred income -€5,706
no longer reported in 2025 (was €5,706)
- Provisions +€9,899
up €9,899 (+99.0%), from €10,000 to €19,899
- Financial income +€6,108
up €6,108 (+7,021%), from €87 to €6,195
of which Non-recurring financial income: +€6,121
- Gross operating margin -€2,429
down €2,429 (-5.2%), from €46,781 to €44,352
- Taxes -€1,053
down €1,053 (-58.0%), from €1,817 to €764
- Write-downs -€904
down €904 (-41.3%), from €2,191 to €1,287
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 | €268,276 | €232,024 | -€36,252 | -13.5% |
| Fixed assets | 21/28 | €98,351 | €80,711 | -€17,640 | -17.9% |
| Tangible fixed assets | 22/27 | €98,346 | €80,706 | -€17,640 | -17.9% |
| Land and buildings | 22 | €77,498 | €68,191 | -€9,307 | -12.0% |
| Plant, machinery and equipment | 23 | €208 | €106 | -€102 | -49.0% |
| Furniture and vehicles | 24 | €20,640 | €12,409 | -€8,231 | -39.9% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €169,925 | €151,313 | -€18,612 | -11.0% |
| Stocks and contracts in progress | 3 | €66,427 | €48,629 | -€17,798 | -26.8% |
| Stocks | 30/36 | €66,427 | €48,629 | -€17,798 | -26.8% |
| Amounts receivable within one year | 40/41 | €23,785 | €11,105 | -€12,680 | -53.3% |
| Trade receivables | 40 | €20,489 | €8,074 | -€12,415 | -60.6% |
| Other amounts receivable | 41 | €3,296 | €3,031 | -€265 | -8.0% |
| Current investments | 50/53 | €53,826 | €40,281 | -€13,545 | -25.2% |
| Cash at bank and in hand | 54/58 | €19,589 | €45,940 | +€26,351 | +135% |
| Deferred charges and accrued income | 490/1 | €6,298 | €5,358 | -€940 | -14.9% |
| Total equity and liabilities | 10/49 | €268,276 | €232,024 | -€36,252 | -13.5% |
| Equity | 10/15 | €46,082 | €44,718 | -€1,364 | -3.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,482 | €26,118 | -€1,364 | -5.0% |
| Distributable reserves | 133 | €27,482 | €26,118 | -€1,364 | -5.0% |
| Provisions and deferred taxes | 16 | €22,205 | €42,104 | +€19,899 | +89.6% |
| Provisions for liabilities and charges | 160/5 | €22,205 | €42,104 | +€19,899 | +89.6% |
| Environmental obligations | 163 | €22,205 | €42,104 | +€19,899 | +89.6% |
| Amounts payable | 17/49 | €199,989 | €145,202 | -€54,787 | -27.4% |
| Amounts payable after more than one year | 17 | €71,378 | €54,572 | -€16,806 | -23.5% |
| Financial debts | 170/4 | €26,378 | €9,572 | -€16,806 | -63.7% |
| Other amounts payable | 178/9 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €122,905 | €90,630 | -€32,275 | -26.3% |
| Current portion of amounts payable after more than one year | 42 | €18,756 | €16,806 | -€1,950 | -10.4% |
| Trade debts | 44 | €16,143 | €1,549 | -€14,594 | -90.4% |
| Suppliers | 440/4 | €16,143 | €1,549 | -€14,594 | -90.4% |
| Taxes, remuneration and social security | 45 | €6,680 | €9,728 | +€3,048 | +45.6% |
| Taxes | 450/3 | €4,916 | €6,169 | +€1,253 | +25.5% |
| Remuneration and social security | 454/9 | €1,764 | €3,559 | +€1,795 | +102% |
| Other amounts payable | 47/48 | €81,326 | €62,547 | -€18,779 | -23.1% |
| Accrued charges and deferred income | 492/3 | €5,706 | - | -€5,706 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,993 | €17,640 | -€353 | -2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,191 | €1,287 | -€904 | -41.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,000 | €19,899 | +€9,899 | +99.0% |
| Other operating charges | 640/8 | €6,160 | €5,311 | -€849 | -13.8% |
| Gross operating margin | 9900 | €46,781 | €44,352 | -€2,429 | -5.2% |
| Operating profit (loss) | 9901 | €10,437 | €215 | -€10,222 | -97.9% |
| Financial income | 75/76B | €87 | €6,195 | +€6,108 | +7,021% |
| Recurring financial income | 75 | €87 | €74 | -€13 | -14.9% |
| Non-recurring financial income | 76B | - | €6,121 | +€6,121 | |
| Financial charges | 65/66B | €5,844 | €5,344 | -€500 | -8.6% |
| Recurring financial charges | 65 | €5,844 | €5,344 | -€500 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €4,680 | €1,066 | -€3,614 | -77.2% |
| Income taxes | 67/77 | €1,817 | €764 | -€1,053 | -58.0% |
| Profit (loss) for the period | 9904 | €2,863 | €302 | -€2,561 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,863 | €302 | -€2,561 | -89.5% |
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 22 October 2026 via checked.be.