SINDI: 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.
SINDI
Largest movements
- Tangible fixed assets -€4,331
down €4,331 (-37.9%), from €11,423 to €7,092
of which Furniture and vehicles: -€3,468
- Cash +€3,226
up €3,226 (+15.4%), from €20,899 to €24,125
mainly Other debts (+€26,026) and Trade debts (+€5,640)
- Deferred charges and accrued income +€1,998
up €1,998 (+424.4%), from €471 to €2,469
- Receivables within one year -€1,894
no longer reported in 2025 (was €1,894)
- Profit (loss) carried forward -€34,867
down €34,867 (-419.4%), from -€8,314 to -€43,181
- Other debts +€26,026
up €26,026 (+100.4%), from €25,933 to €51,959
- Trade debts +€5,640
new in 2025: €5,640
- Tax, wage and social debts +€4,900
up €4,900 (+39.6%), from €12,368 to €17,268
of which Remuneration and social security: +€7,383
- Short-term financial debts -€2,700
no longer reported in 2025 (was €2,700)
- Gross operating margin -€35,745
down €35,745 (-33.0%), from €108,245 to €72,500
- Depreciation +€3,078
up €3,078 (+245.5%), from €1,253 to €4,331
- Staff costs -€1,860
down €1,860 (-1.8%), from €101,888 to €100,028
- Other operating charges -€1,224
down €1,224 (-35.2%), from €3,479 to €2,255
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 | €34,687 | €33,686 | -€1,001 | -2.9% |
| Fixed assets | 21/28 | €11,423 | €7,092 | -€4,331 | -37.9% |
| Tangible fixed assets | 22/27 | €11,423 | €7,092 | -€4,331 | -37.9% |
| Plant, machinery and equipment | 23 | €1,408 | €545 | -€863 | -61.3% |
| Furniture and vehicles | 24 | €10,015 | €6,547 | -€3,468 | -34.6% |
| Current assets | 29/58 | €23,264 | €26,594 | +€3,330 | +14.3% |
| Amounts receivable within one year | 40/41 | €1,894 | - | -€1,894 | |
| Trade receivables | 40 | €1,894 | - | -€1,894 | |
| Cash at bank and in hand | 54/58 | €20,899 | €24,125 | +€3,226 | +15.4% |
| Deferred charges and accrued income | 490/1 | €471 | €2,469 | +€1,998 | +424.4% |
| Total equity and liabilities | 10/49 | €34,687 | €33,686 | -€1,001 | -2.9% |
| Equity | 10/15 | -€6,314 | -€41,181 | -€34,867 | -552.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,314 | -€43,181 | -€34,867 | -419.4% |
| Amounts payable | 17/49 | €41,001 | €74,867 | +€33,866 | +82.6% |
| Amounts payable within one year | 42/48 | €41,001 | €74,867 | +€33,866 | +82.6% |
| Financial debts | 43 | €2,700 | - | -€2,700 | |
| Other loans | 439 | €2,700 | - | -€2,700 | |
| Trade debts | 44 | - | €5,640 | +€5,640 | |
| Suppliers | 440/4 | - | €5,640 | +€5,640 | |
| Taxes, remuneration and social security | 45 | €12,368 | €17,268 | +€4,900 | +39.6% |
| Taxes | 450/3 | €5,167 | €2,685 | -€2,482 | -48.0% |
| Remuneration and social security | 454/9 | €7,200 | €14,583 | +€7,383 | +102.5% |
| Other amounts payable | 47/48 | €25,933 | €51,959 | +€26,026 | +100.4% |
| Remuneration, social security and pensions | 62 | €101,888 | €100,028 | -€1,860 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,253 | €4,331 | +€3,078 | +245.5% |
| Other operating charges | 640/8 | €3,479 | €2,255 | -€1,224 | -35.2% |
| Gross operating margin | 9900 | €108,245 | €72,500 | -€35,745 | -33.0% |
| Operating profit (loss) | 9901 | €1,624 | -€34,114 | -€35,738 | |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €703 | €344 | -€360 | -51.2% |
| Recurring financial charges | 65 | €703 | €344 | -€360 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €921 | -€34,452 | -€35,373 | |
| Income taxes | 67/77 | €13 | €415 | +€402 | +3116.7% |
| Profit (loss) for the period | 9904 | €908 | -€34,867 | -€35,775 | |
| Profit (loss) for the period to be appropriated | 9905 | €908 | -€34,867 | -€35,775 |
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 10 October 2026 via checked.be.