SINDIO: 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.
SINDIO
Largest movements
- Cash +€17,597
up €17,597 (+99.9%), from €17,614 to €35,211
mainly Net result for the year (+€16,852) and Tax, wage and social debts (+€10,697)
- Receivables within one year +€13,122
up €13,122 (+148.1%), from €8,861 to €21,983
of which Trade receivables: +€13,027
- Stocks and contracts -€10,500
down €10,500 (-15.9%), from €66,196 to €55,696
- Reserves +€16,852
up €16,852 (+906.0%), from €1,860 to €18,712
of which Tax-exempt reserves: +€16,852
- Tax, wage and social debts +€10,697
up €10,697 (+101.8%), from €10,504 to €21,201
- Trade debts -€8,207
no longer reported in 2025 (was €8,207)
- Gross operating margin +€30,129
up €30,129 (+362.1%), from €8,320 to €38,449
- Taxes +€11,386
up €11,386 (+630.5%), from €1,806 to €13,192
- Other operating charges +€3,904
up €3,904 (+405.9%), from €962 to €4,866
- Financial charges +€810
up €810 (+90.9%), from €890 to €1,700
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 | €94,907 | €114,890 | +€19,983 | +21.1% |
| Fixed assets | 21/28 | €2,237 | €2,001 | -€236 | -10.5% |
| Tangible fixed assets | 22/27 | €2,237 | €2,001 | -€236 | -10.5% |
| Land and buildings | 22 | €2,237 | €2,001 | -€236 | -10.5% |
| Current assets | 29/58 | €92,671 | €112,889 | +€20,219 | +21.8% |
| Stocks and contracts in progress | 3 | €66,196 | €55,696 | -€10,500 | -15.9% |
| Stocks | 30/36 | €66,196 | €55,696 | -€10,500 | -15.9% |
| Amounts receivable within one year | 40/41 | €8,861 | €21,983 | +€13,122 | +148.1% |
| Trade receivables | 40 | - | €13,027 | +€13,027 | |
| Other amounts receivable | 41 | €8,861 | €8,956 | +€95 | +1.1% |
| Cash at bank and in hand | 54/58 | €17,614 | €35,211 | +€17,597 | +99.9% |
| Total equity and liabilities | 10/49 | €94,907 | €114,890 | +€19,983 | +21.1% |
| Equity | 10/15 | €76,196 | €93,048 | +€16,852 | +22.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €1,860 | €18,712 | +€16,852 | +906.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | - | €16,852 | +€16,852 | |
| Profit (loss) carried forward | 14 | €61,936 | €61,936 | = | 0.0% |
| Amounts payable | 17/49 | €18,711 | €21,842 | +€3,131 | +16.7% |
| Amounts payable within one year | 42/48 | €18,711 | €21,842 | +€3,131 | +16.7% |
| Trade debts | 44 | €8,207 | - | -€8,207 | |
| Suppliers | 440/4 | €8,207 | - | -€8,207 | |
| Taxes, remuneration and social security | 45 | €10,504 | €21,201 | +€10,697 | +101.8% |
| Taxes | 450/3 | €10,504 | €21,201 | +€10,697 | +101.8% |
| Other amounts payable | 47/48 | - | €641 | +€641 | |
| Remuneration, social security and pensions | 62 | €1,569 | €1,640 | +€71 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €236 | +€114 | +93.7% |
| Other operating charges | 640/8 | €962 | €4,866 | +€3,904 | +405.9% |
| Gross operating margin | 9900 | €8,320 | €38,449 | +€30,129 | +362.1% |
| Operating profit (loss) | 9901 | €5,667 | €31,707 | +€26,040 | +459.5% |
| Financial income | 75/76B | €1 | €37 | +€35 | +2646.6% |
| Recurring financial income | 75 | €1 | €37 | +€35 | +2646.6% |
| Financial charges | 65/66B | €890 | €1,700 | +€810 | +90.9% |
| Recurring financial charges | 65 | €890 | €1,700 | +€810 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €4,778 | €30,044 | +€25,266 | +528.8% |
| Income taxes | 67/77 | €1,806 | €13,192 | +€11,386 | +630.5% |
| Profit (loss) for the period | 9904 | €2,972 | €16,852 | +€13,880 | +467.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,972 | €16,852 | +€13,880 | +467.0% |
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.