Sinep: 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.
Sinep
Largest movements
- Receivables within one year +€23,618
up €23,618 (+758%), from €3,117 to €26,735
of which Other amounts receivable: +€20,085
- Cash -€21,112
down €21,112 (-80.1%), from €26,368 to €5,256
mainly Receivables within one year (-€23,618) and Contributions, distributions and other (-€6,322)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€2,040
down €2,040 (-20.6%), from €9,893 to €7,854
- Other operating charges +€1,143
up €1,143 (+25.9%), from €4,420 to €5,563
- Gross operating margin -€982
down €982 (-4.2%), from €23,593 to €22,611
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 | €636,685 | €634,187 | -€2,497 | -0.4% |
| Fixed assets | 21/28 | €607,199 | €602,196 | -€5,004 | -0.8% |
| Tangible fixed assets | 22/27 | €607,199 | €602,196 | -€5,004 | -0.8% |
| Land and buildings | 22 | €607,199 | €602,196 | -€5,004 | -0.8% |
| Current assets | 29/58 | €29,485 | €31,991 | +€2,506 | +8.5% |
| Amounts receivable within one year | 40/41 | €3,117 | €26,735 | +€23,618 | +758% |
| Trade receivables | 40 | - | €3,533 | +€3,533 | |
| Other amounts receivable | 41 | €3,117 | €23,202 | +€20,085 | +644% |
| Cash at bank and in hand | 54/58 | €26,368 | €5,256 | -€21,112 | -80.1% |
| Total equity and liabilities | 10/49 | €636,685 | €634,187 | -€2,497 | -0.4% |
| Equity | 10/15 | €626,074 | €626,408 | +€334 | +0.1% |
| Contributions | 10/11 | €600,398 | €600,398 | = | 0.0% |
| Capital | 10 | €600,398 | €600,398 | = | 0.0% |
| Issued capital | 100 | €600,398 | €600,398 | = | 0.0% |
| Reserves | 13 | €25,676 | €26,010 | +€334 | +1.3% |
| Non-distributable reserves | 130/1 | €25,676 | €26,010 | +€334 | +1.3% |
| Legal reserve | 130 | €25,676 | €26,010 | +€334 | +1.3% |
| Amounts payable | 17/49 | €10,611 | €7,780 | -€2,831 | -26.7% |
| Amounts payable within one year | 42/48 | €10,611 | €7,780 | -€2,831 | -26.7% |
| Trade debts | 44 | €2,760 | €77 | -€2,682 | -97.2% |
| Suppliers | 440/4 | €2,760 | €77 | -€2,682 | -97.2% |
| Advances received on contracts in progress | 46 | €1,380 | €1,380 | = | 0.0% |
| Other amounts payable | 47/48 | €6,471 | €6,322 | -€149 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,893 | €7,854 | -€2,040 | -20.6% |
| Other operating charges | 640/8 | €4,420 | €5,563 | +€1,143 | +25.9% |
| Gross operating margin | 9900 | €23,593 | €22,611 | -€982 | -4.2% |
| Operating profit (loss) | 9901 | €9,280 | €9,194 | -€85 | -0.9% |
| Financial charges | 65/66B | €4 | €21 | +€17 | +479% |
| Recurring financial charges | 65 | €4 | €21 | +€17 | +479% |
| Profit (loss) for the period before taxes | 9903 | €9,276 | €9,173 | -€103 | -1.1% |
| Income taxes | 67/77 | €2,464 | €2,517 | +€53 | +2.2% |
| Profit (loss) for the period | 9904 | €6,812 | €6,656 | -€156 | -2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,812 | €6,656 | -€156 | -2.3% |
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.