SINE: 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.
SINE
Largest movements
- Cash +€24,859
up €24,859 (+47.3%), from €52,522 to €77,381
mainly Net result for the year (+€18,138) and Receivables within one year (+€12,786)
- Receivables within one year -€12,786
down €12,786 (-99.2%), from €12,886 to €100
of which Trade receivables: -€10,749
- Stocks and contracts +€3,627
up €3,627 (+15.0%), from €24,228 to €27,855
- Deferred charges and accrued income -€2,164
down €2,164 (-66.3%), from €3,262 to €1,098
- Tangible fixed assets -€1,282
down €1,282 (-72.6%), from €1,767 to €485
- Profit (loss) carried forward +€18,138
up €18,138 (+115%), from €15,815 to €33,953
- Other debts -€15,621
down €15,621 (-97.8%), from €15,967 to €346
- Tax, wage and social debts +€11,085
up €11,085 (+233%), from €4,759 to €15,844
- Trade debts -€1,348
down €1,348 (-23.5%), from €5,729 to €4,381
- Taxes +€6,294
up €6,294 (+28.5%), from €22,096 to €28,390
- Gross operating margin -€1,035
down €1,035 (-1.9%), from €55,687 to €54,652
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 | €94,770 | €107,024 | +€12,254 | +12.9% |
| Fixed assets | 21/28 | €1,872 | €590 | -€1,282 | -68.5% |
| Tangible fixed assets | 22/27 | €1,767 | €485 | -€1,282 | -72.6% |
| Furniture and vehicles | 24 | €1,767 | €485 | -€1,282 | -72.6% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €92,898 | €106,434 | +€13,536 | +14.6% |
| Stocks and contracts in progress | 3 | €24,228 | €27,855 | +€3,627 | +15.0% |
| Stocks | 30/36 | €24,228 | €27,855 | +€3,627 | +15.0% |
| Amounts receivable within one year | 40/41 | €12,886 | €100 | -€12,786 | -99.2% |
| Trade receivables | 40 | €10,849 | €100 | -€10,749 | -99.1% |
| Other amounts receivable | 41 | €2,037 | - | -€2,037 | |
| Cash at bank and in hand | 54/58 | €52,522 | €77,381 | +€24,859 | +47.3% |
| Deferred charges and accrued income | 490/1 | €3,262 | €1,098 | -€2,164 | -66.3% |
| Total equity and liabilities | 10/49 | €94,770 | €107,024 | +€12,254 | +12.9% |
| Equity | 10/15 | €35,815 | €53,953 | +€18,138 | +50.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,815 | €33,953 | +€18,138 | +115% |
| Amounts payable | 17/49 | €58,955 | €53,071 | -€5,885 | -10.0% |
| Amounts payable after more than one year | 17 | €32,500 | €32,500 | = | 0.0% |
| Financial debts | 170/4 | €32,500 | €32,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,455 | €20,571 | -€5,885 | -22.2% |
| Trade debts | 44 | €5,729 | €4,381 | -€1,348 | -23.5% |
| Suppliers | 440/4 | €5,729 | €4,381 | -€1,348 | -23.5% |
| Taxes, remuneration and social security | 45 | €4,759 | €15,844 | +€11,085 | +233% |
| Taxes | 450/3 | €4,759 | €15,844 | +€11,085 | +233% |
| Other amounts payable | 47/48 | €15,967 | €346 | -€15,621 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,746 | €1,282 | -€464 | -26.6% |
| Other operating charges | 640/8 | €6,344 | €6,488 | +€144 | +2.3% |
| Gross operating margin | 9900 | €55,687 | €54,652 | -€1,035 | -1.9% |
| Operating profit (loss) | 9901 | €47,596 | €46,882 | -€715 | -1.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €492 | €356 | -€135 | -27.5% |
| Recurring financial charges | 65 | €492 | €356 | -€135 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €47,105 | €46,528 | -€576 | -1.2% |
| Income taxes | 67/77 | €22,096 | €28,390 | +€6,294 | +28.5% |
| Profit (loss) for the period | 9904 | €25,009 | €18,138 | -€6,870 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,009 | €18,138 | -€6,870 | -27.5% |
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 18 October 2026 via checked.be.