SINECO: 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.
SINECO
Largest movements
- Tangible fixed assets +€806,640
up €806,640 (+251.9%), from €320,259 to €1.1m
of which Land and buildings: +€811,051
- Revaluation surpluses +€811,051
new in 2025: €811,051
- Gross operating margin +€1,900
up €1,900 (+26.7%), from €7,115 to €9,015
- Other operating charges +€388
up €388 (+13.8%), from €2,816 to €3,204
- Financial income +€178
up €178 (+1814.5%), from €10 to €188
- Depreciation +€111
up €111 (+1.8%), from €6,320 to €6,431
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 | €333,176 | €1,138,960 | +€805,785 | +241.8% |
| Fixed assets | 21/28 | €320,259 | €1,126,899 | +€806,640 | +251.9% |
| Tangible fixed assets | 22/27 | €320,259 | €1,126,899 | +€806,640 | +251.9% |
| Land and buildings | 22 | €282,595 | €1,093,646 | +€811,051 | +287.0% |
| Other tangible fixed assets | 26 | €37,665 | €33,253 | -€4,411 | -11.7% |
| Current assets | 29/58 | €12,916 | €12,061 | -€855 | -6.6% |
| Amounts receivable within one year | 40/41 | €4,322 | €2,722 | -€1,599 | -37.0% |
| Other amounts receivable | 41 | €4,322 | €2,722 | -€1,599 | -37.0% |
| Cash at bank and in hand | 54/58 | €6,063 | €6,735 | +€672 | +11.1% |
| Deferred charges and accrued income | 490/1 | €2,532 | €2,604 | +€72 | +2.8% |
| Total equity and liabilities | 10/49 | €333,176 | €1,138,960 | +€805,785 | +241.8% |
| Equity | 10/15 | €241,805 | €1,052,065 | +€810,259 | +335.1% |
| Contributions | 10/11 | €287,556 | €287,556 | = | 0.0% |
| Capital | 10 | €287,556 | €287,556 | = | 0.0% |
| Issued capital | 100 | €287,556 | €287,556 | = | 0.0% |
| Revaluation surpluses | 12 | - | €811,051 | +€811,051 | |
| Profit (loss) carried forward | 14 | -€45,751 | -€46,543 | -€792 | -1.7% |
| Amounts payable | 17/49 | €91,370 | €86,896 | -€4,475 | -4.9% |
| Amounts payable within one year | 42/48 | €91,370 | €86,896 | -€4,475 | -4.9% |
| Trade debts | 44 | €3,402 | €853 | -€2,550 | -74.9% |
| Suppliers | 440/4 | €3,402 | €853 | -€2,550 | -74.9% |
| Other amounts payable | 47/48 | €87,968 | €86,043 | -€1,925 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,320 | €6,431 | +€111 | +1.8% |
| Other operating charges | 640/8 | €2,816 | €3,204 | +€388 | +13.8% |
| Gross operating margin | 9900 | €7,115 | €9,015 | +€1,900 | +26.7% |
| Operating profit (loss) | 9901 | -€2,021 | -€621 | +€1,401 | +69.3% |
| Financial income | 75/76B | €10 | €188 | +€178 | +1814.5% |
| Recurring financial income | 75 | €10 | €188 | +€178 | +1814.5% |
| Financial charges | 65/66B | €320 | €359 | +€39 | +12.2% |
| Recurring financial charges | 65 | €320 | €359 | +€39 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,331 | -€792 | +€1,539 | +66.0% |
| Profit (loss) for the period | 9904 | -€2,331 | -€792 | +€1,539 | +66.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,331 | -€792 | +€1,539 | +66.0% |
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 1 October 2026 via checked.be.