Sinefield: 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.
Sinefield
Largest movements
- Receivables within one year -€27,718
down €27,718 (-82.7%), from €33,507 to €5,789
of which Trade receivables: -€27,772
- Cash +€27,626
up €27,626 (+2173.9%), from €1,271 to €28,897
mainly Receivables within one year (+€27,718) and Other debts (+€6,223)
- Tangible fixed assets +€5,592
up €5,592 (+251.7%), from €2,222 to €7,814
of which Plant, machinery and equipment: +€3,400
- Other debts +€6,223
up €6,223 (+1682.1%), from €370 to €6,593
- Tax, wage and social debts -€3,233
down €3,233 (-59.5%), from €5,430 to €2,197
- Trade debts +€2,443
up €2,443 (+57.0%), from €4,284 to €6,727
- Gross operating margin -€23,952
down €23,952 (-85.6%), from €27,978 to €4,027
- Taxes -€5,033
down €5,033 (-92.7%), from €5,430 to €397
- Depreciation +€3,097
up €3,097 (+2894.6%), from €107 to €3,204
- Other operating charges -€407
down €407 (-68.7%), from €592 to €186
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 | €36,999 | €42,500 | +€5,500 | +14.9% |
| Fixed assets | 21/28 | €2,222 | €7,814 | +€5,592 | +251.7% |
| Tangible fixed assets | 22/27 | €2,222 | €7,814 | +€5,592 | +251.7% |
| Plant, machinery and equipment | 23 | €1,541 | €4,942 | +€3,400 | +220.6% |
| Furniture and vehicles | 24 | €680 | €2,872 | +€2,192 | +322.1% |
| Current assets | 29/58 | €34,778 | €34,686 | -€92 | -0.3% |
| Amounts receivable within one year | 40/41 | €33,507 | €5,789 | -€27,718 | -82.7% |
| Trade receivables | 40 | €33,453 | €5,680 | -€27,772 | -83.0% |
| Other amounts receivable | 41 | €54 | €109 | +€54 | +99.9% |
| Cash at bank and in hand | 54/58 | €1,271 | €28,897 | +€27,626 | +2173.9% |
| Total equity and liabilities | 10/49 | €36,999 | €42,500 | +€5,500 | +14.9% |
| Equity | 10/15 | €26,875 | €26,982 | +€107 | +0.4% |
| Contributions | 10/11 | €5,040 | €5,040 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,835 | €21,942 | +€107 | +0.5% |
| Amounts payable | 17/49 | €10,124 | €15,517 | +€5,393 | +53.3% |
| Amounts payable within one year | 42/48 | €10,084 | €15,517 | +€5,433 | +53.9% |
| Trade debts | 44 | €4,284 | €6,727 | +€2,443 | +57.0% |
| Suppliers | 440/4 | €4,284 | €6,727 | +€2,443 | +57.0% |
| Taxes, remuneration and social security | 45 | €5,430 | €2,197 | -€3,233 | -59.5% |
| Taxes | 450/3 | €5,430 | €2,197 | -€3,233 | -59.5% |
| Other amounts payable | 47/48 | €370 | €6,593 | +€6,223 | +1682.1% |
| Accrued charges and deferred income | 492/3 | €40 | €0 | -€40 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €107 | €3,204 | +€3,097 | +2894.6% |
| Other operating charges | 640/8 | €592 | €186 | -€407 | -68.7% |
| Gross operating margin | 9900 | €27,978 | €4,027 | -€23,952 | -85.6% |
| Operating profit (loss) | 9901 | €27,279 | €637 | -€26,642 | -97.7% |
| Financial income | 75/76B | - | €89 | +€89 | |
| Recurring financial income | 75 | - | €89 | +€89 | |
| Financial charges | 65/66B | €14 | €221 | +€208 | +1510.3% |
| Recurring financial charges | 65 | €14 | €221 | +€208 | +1510.3% |
| Profit (loss) for the period before taxes | 9903 | €27,265 | €504 | -€26,761 | -98.2% |
| Income taxes | 67/77 | €5,430 | €397 | -€5,033 | -92.7% |
| Profit (loss) for the period | 9904 | €21,835 | €107 | -€21,728 | -99.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,835 | €107 | -€21,728 | -99.5% |
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 6 October 2026 via checked.be.