SINDA: 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.
SINDA
Largest movements
- Cash -€13,207
down €13,207 (-83.5%), from €15,820 to €2,613
mainly Trade debts (-€16,484) and Other debts (-€12,208)
- Receivables within one year -€3,165
down €3,165 (-9.6%), from €32,948 to €29,783
of which Trade receivables: -€2,500
- Trade debts -€16,484
down €16,484 (-40.3%), from €40,938 to €24,454
- Profit (loss) carried forward +€12,321
up €12,321 (+7.0%), from -€175,549 to -€163,228
- Other debts -€12,208
down €12,208 (-6.9%), from €177,179 to €164,971
- Gross operating margin -€3,744
down €3,744 (-21.7%), from €17,270 to €13,526
- Other operating charges +€543
up €543 (+140%), from €387 to €930
- Depreciation -€240
no longer reported in 2026 (was €240)
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,768 | €32,396 | -€16,372 | -33.6% |
| Current assets | 29/58 | €48,768 | €32,396 | -€16,372 | -33.6% |
| Amounts receivable within one year | 40/41 | €32,948 | €29,783 | -€3,165 | -9.6% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €30,448 | €29,783 | -€665 | -2.2% |
| Cash at bank and in hand | 54/58 | €15,820 | €2,613 | -€13,207 | -83.5% |
| Total equity and liabilities | 10/49 | €48,768 | €32,396 | -€16,372 | -33.6% |
| Equity | 10/15 | -€169,349 | -€157,028 | +€12,321 | +7.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€175,549 | -€163,228 | +€12,321 | +7.0% |
| Amounts payable | 17/49 | €218,117 | €189,424 | -€28,693 | -13.2% |
| Amounts payable within one year | 42/48 | €218,117 | €189,424 | -€28,693 | -13.2% |
| Trade debts | 44 | €40,938 | €24,454 | -€16,484 | -40.3% |
| Suppliers | 440/4 | €40,938 | €24,454 | -€16,484 | -40.3% |
| Other amounts payable | 47/48 | €177,179 | €164,971 | -€12,208 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240 | - | -€240 | |
| Other operating charges | 640/8 | €387 | €930 | +€543 | +140% |
| Non-recurring operating charges | 66A | €97,766 | - | -€97,766 | |
| Gross operating margin | 9900 | €17,270 | €13,526 | -€3,744 | -21.7% |
| Operating profit (loss) | 9901 | -€81,123 | €12,596 | +€93,719 | |
| Financial charges | 65/66B | €260 | €275 | +€15 | +5.8% |
| Recurring financial charges | 65 | €260 | €275 | +€15 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | -€81,383 | €12,321 | +€93,704 | |
| Income taxes | 67/77 | €165 | - | -€165 | |
| Profit (loss) for the period | 9904 | -€81,548 | €12,321 | +€93,869 | |
| Profit (loss) for the period to be appropriated | 9905 | -€81,548 | €12,321 | +€93,869 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.