SINE CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Receivables within one year +€11,779
up €11,779 (+199.8%), from €5,897 to €17,676
- Deferred charges and accrued income -€6,533
down €6,533 (-90.6%), from €7,212 to €678
- Tangible fixed assets -€5,694
down €5,694 (-45.9%), from €12,393 to €6,699
of which Furniture and vehicles: -€4,455
- Cash +€2,833
up €2,833 (+10.0%), from €28,274 to €31,107
mainly Depreciation (+€7,698) and Deferred charges and accrued income (+€6,533)
- Other debts -€6,428
down €6,428 (-19.5%), from €32,950 to €26,522
- Trade debts +€5,342
up €5,342 (+2134.8%), from €250 to €5,593
- Tax, wage and social debts +€1,620
up €1,620 (+48.7%), from €3,324 to €4,944
- Profit (loss) carried forward +€1,331
up €1,331 (+44.5%), from €2,990 to €4,321
- Depreciation +€2,945
up €2,945 (+62.0%), from €4,753 to €7,698
- Gross operating margin +€2,096
up €2,096 (+25.1%), from €8,343 to €10,439
- Financial charges -€858
down €858 (-82.4%), from €1,041 to €183
- Other operating charges -€297
down €297 (-21.5%), from €1,383 to €1,086
- Taxes +€141
new in 2025: €141
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 | €53,775 | €56,160 | +€2,385 | +4.4% |
| Fixed assets | 21/28 | €12,393 | €6,699 | -€5,694 | -45.9% |
| Tangible fixed assets | 22/27 | €12,393 | €6,699 | -€5,694 | -45.9% |
| Plant, machinery and equipment | 23 | €5,123 | €3,884 | -€1,238 | -24.2% |
| Furniture and vehicles | 24 | €7,270 | €2,815 | -€4,455 | -61.3% |
| Current assets | 29/58 | €41,382 | €49,461 | +€8,079 | +19.5% |
| Amounts receivable within one year | 40/41 | €5,897 | €17,676 | +€11,779 | +199.8% |
| Trade receivables | 40 | €5,897 | €17,676 | +€11,779 | +199.8% |
| Cash at bank and in hand | 54/58 | €28,274 | €31,107 | +€2,833 | +10.0% |
| Deferred charges and accrued income | 490/1 | €7,212 | €678 | -€6,533 | -90.6% |
| Total equity and liabilities | 10/49 | €53,775 | €56,160 | +€2,385 | +4.4% |
| Equity | 10/15 | €17,250 | €18,581 | +€1,331 | +7.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €2,990 | €4,321 | +€1,331 | +44.5% |
| Amounts payable | 17/49 | €36,525 | €37,579 | +€1,054 | +2.9% |
| Amounts payable within one year | 42/48 | €36,525 | €37,059 | +€534 | +1.5% |
| Trade debts | 44 | €250 | €5,593 | +€5,342 | +2134.8% |
| Suppliers | 440/4 | €250 | €5,593 | +€5,342 | +2134.8% |
| Taxes, remuneration and social security | 45 | €3,324 | €4,944 | +€1,620 | +48.7% |
| Taxes | 450/3 | €3,324 | €4,944 | +€1,620 | +48.7% |
| Other amounts payable | 47/48 | €32,950 | €26,522 | -€6,428 | -19.5% |
| Accrued charges and deferred income | 492/3 | - | €520 | +€520 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,753 | €7,698 | +€2,945 | +62.0% |
| Other operating charges | 640/8 | €1,383 | €1,086 | -€297 | -21.5% |
| Gross operating margin | 9900 | €8,343 | €10,439 | +€2,096 | +25.1% |
| Operating profit (loss) | 9901 | €2,207 | €1,655 | -€552 | -25.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,041 | €183 | -€858 | -82.4% |
| Recurring financial charges | 65 | €1,041 | €183 | -€858 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €1,166 | €1,472 | +€306 | +26.2% |
| Income taxes | 67/77 | - | €141 | +€141 | |
| Profit (loss) for the period | 9904 | €1,166 | €1,331 | +€165 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,166 | €1,331 | +€165 | +14.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.