SINEN: 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.
SINEN
Largest movements
- Cash +€29,676
up €29,676 (+169.6%), from €17,495 to €47,171
mainly Net result for the year (+€44,402) and Tax, wage and social debts (+€14,948)
- Tangible fixed assets -€12,621
down €12,621 (-34.3%), from €36,825 to €24,205
- Receivables within one year +€8,934
up €8,934 (+21.3%), from €41,855 to €50,790
of which Other amounts receivable: +€11,914
- Deferred charges and accrued income +€1,400
new in 2025: €1,400
- Profit (loss) carried forward +€44,402
up €44,402, from -€3,682 to €40,720
- Trade debts -€18,173
down €18,173 (-84.8%), from €21,443 to €3,270
- Tax, wage and social debts +€14,948
up €14,948 (+896.7%), from €1,667 to €16,615
- Debts after one year -€11,672
down €11,672 (-46.0%), from €25,372 to €13,700
- Gross operating margin +€58,939
up €58,939 (+362.5%), from €16,260 to €75,199
- Taxes +€15,336
up €15,336 (+2567.2%), from €597 to €15,934
- Other operating charges -€2,227
down €2,227 (-78.6%), from €2,833 to €607
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 | €96,176 | €123,565 | +€27,389 | +28.5% |
| Fixed assets | 21/28 | €36,825 | €24,205 | -€12,621 | -34.3% |
| Tangible fixed assets | 22/27 | €36,825 | €24,205 | -€12,621 | -34.3% |
| Furniture and vehicles | 24 | €36,825 | €24,205 | -€12,621 | -34.3% |
| Current assets | 29/58 | €59,350 | €99,360 | +€40,010 | +67.4% |
| Amounts receivable within one year | 40/41 | €41,855 | €50,790 | +€8,934 | +21.3% |
| Trade receivables | 40 | €41,589 | €38,609 | -€2,980 | -7.2% |
| Other amounts receivable | 41 | €266 | €12,180 | +€11,914 | +4478.6% |
| Cash at bank and in hand | 54/58 | €17,495 | €47,171 | +€29,676 | +169.6% |
| Deferred charges and accrued income | 490/1 | - | €1,400 | +€1,400 | |
| Total equity and liabilities | 10/49 | €96,176 | €123,565 | +€27,389 | +28.5% |
| Equity | 10/15 | €33,905 | €78,307 | +€44,402 | +131.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €25,187 | €25,187 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,327 | €23,327 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,682 | €40,720 | +€44,402 | |
| Amounts payable | 17/49 | €62,270 | €45,257 | -€17,013 | -27.3% |
| Amounts payable after more than one year | 17 | €25,372 | €13,700 | -€11,672 | -46.0% |
| Financial debts | 170/4 | €25,372 | €13,700 | -€11,672 | -46.0% |
| Amounts payable within one year | 42/48 | €36,898 | €31,557 | -€5,341 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €12,666 | €11,672 | -€994 | -7.8% |
| Trade debts | 44 | €21,443 | €3,270 | -€18,173 | -84.8% |
| Suppliers | 440/4 | €21,443 | €3,270 | -€18,173 | -84.8% |
| Taxes, remuneration and social security | 45 | €1,667 | €16,615 | +€14,948 | +896.7% |
| Taxes | 450/3 | €1,667 | €16,615 | +€14,948 | +896.7% |
| Other amounts payable | 47/48 | €1,123 | - | -€1,123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,621 | €12,621 | = | 0.0% |
| Other operating charges | 640/8 | €2,833 | €607 | -€2,227 | -78.6% |
| Gross operating margin | 9900 | €16,260 | €75,199 | +€58,939 | +362.5% |
| Operating profit (loss) | 9901 | €806 | €61,972 | +€61,165 | +7585.4% |
| Financial income | 75/76B | €0 | €344 | +€344 | +1147166.7% |
| Recurring financial income | 75 | €0 | €344 | +€344 | +1147166.7% |
| Financial charges | 65/66B | €2,457 | €1,980 | -€477 | -19.4% |
| Recurring financial charges | 65 | €2,457 | €1,980 | -€477 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,650 | €60,336 | +€61,986 | |
| Income taxes | 67/77 | €597 | €15,934 | +€15,336 | +2567.2% |
| Profit (loss) for the period | 9904 | -€2,248 | €44,402 | +€46,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,248 | €44,402 | +€46,650 |
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 4 October 2026 via checked.be.