SINEUROPE: 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.
SINEUROPE
Largest movements
- Cash -€20,031
down €20,031 (-32.1%), from €62,419 to €42,389
mainly Contributions, distributions and other (-€30,833) and Receivables within one year (-€2,384)
- Receivables within one year +€2,384
new in 2025: €2,384
- Reserves -€26,703
down €26,703 (-40.7%), from €65,621 to €38,917
of which Distributable reserves: -€26,703
- Other debts +€8,617
up €8,617 (+41.9%), from €20,582 to €29,200
- Staff costs +€11,100
up €11,100 (+50.9%), from €21,790 to €32,890
- Taxes -€3,605
down €3,605 (-69.0%), from €5,221 to €1,616
- Gross operating margin -€2,813
down €2,813 (-5.8%), from €48,564 to €45,752
- Other operating charges -€618
down €618 (-13.2%), from €4,664 to €4,046
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 | €188,844 | €168,516 | -€20,328 | -10.8% |
| Fixed assets | 21/28 | €2,273 | €746 | -€1,527 | -67.2% |
| Tangible fixed assets | 22/27 | €2,198 | €671 | -€1,527 | -69.5% |
| Furniture and vehicles | 24 | €1,697 | €671 | -€1,026 | -60.5% |
| Other tangible fixed assets | 26 | €501 | - | -€501 | |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €186,571 | €167,770 | -€18,801 | -10.1% |
| Stocks and contracts in progress | 3 | €123,551 | €122,376 | -€1,175 | -1.0% |
| Stocks | 30/36 | €123,551 | €122,376 | -€1,175 | -1.0% |
| Amounts receivable within one year | 40/41 | - | €2,384 | +€2,384 | |
| Other amounts receivable | 41 | - | €2,384 | +€2,384 | |
| Cash at bank and in hand | 54/58 | €62,419 | €42,389 | -€20,031 | -32.1% |
| Deferred charges and accrued income | 490/1 | €601 | €621 | +€20 | +3.3% |
| Total equity and liabilities | 10/49 | €188,844 | €168,516 | -€20,328 | -10.8% |
| Equity | 10/15 | €148,430 | €121,727 | -€26,703 | -18.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €65,621 | €38,917 | -€26,703 | -40.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €63,761 | €37,057 | -€26,703 | -41.9% |
| Profit (loss) carried forward | 14 | €64,210 | €64,210 | = | 0.0% |
| Amounts payable | 17/49 | €40,414 | €46,789 | +€6,375 | +15.8% |
| Amounts payable within one year | 42/48 | €40,407 | €46,778 | +€6,370 | +15.8% |
| Trade debts | 44 | €8,718 | €7,863 | -€855 | -9.8% |
| Suppliers | 440/4 | €8,718 | €7,863 | -€855 | -9.8% |
| Taxes, remuneration and social security | 45 | €11,107 | €9,715 | -€1,392 | -12.5% |
| Taxes | 450/3 | €10,385 | €7,939 | -€2,446 | -23.6% |
| Remuneration and social security | 454/9 | €722 | €1,776 | +€1,054 | +146% |
| Other amounts payable | 47/48 | €20,582 | €29,200 | +€8,617 | +41.9% |
| Accrued charges and deferred income | 492/3 | €6 | €11 | +€5 | +74.4% |
| Remuneration, social security and pensions | 62 | €21,790 | €32,890 | +€11,100 | +50.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,834 | €1,527 | -€307 | -16.7% |
| Other operating charges | 640/8 | €4,664 | €4,046 | -€618 | -13.2% |
| Gross operating margin | 9900 | €48,564 | €45,752 | -€2,813 | -5.8% |
| Operating profit (loss) | 9901 | €20,276 | €7,288 | -€12,988 | -64.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,480 | €1,542 | +€63 | +4.2% |
| Recurring financial charges | 65 | €1,480 | €1,542 | +€63 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €18,796 | €5,746 | -€13,051 | -69.4% |
| Income taxes | 67/77 | €5,221 | €1,616 | -€3,605 | -69.0% |
| Profit (loss) for the period | 9904 | €13,575 | €4,130 | -€9,446 | -69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,575 | €4,130 | -€9,446 | -69.6% |
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 17 October 2026 via checked.be.