SineWaves: 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.
SineWaves
Largest movements
- Tangible fixed assets -€15,434
down €15,434 (-41.2%), from €37,456 to €22,021
of which Furniture and vehicles: -€14,075
- Cash +€7,373
up €7,373 (+43.7%), from €16,885 to €24,258
mainly Depreciation (+€16,863) and Net result for the year (+€5,865)
- Receivables within one year +€2,980
up €2,980 (+200%), from €1,490 to €4,470
of which Other amounts receivable: +€2,191
- Debts after one year -€10,260
down €10,260 (-45.3%), from €22,652 to €12,392
- Reserves +€5,865
up €5,865 (+41.1%), from €14,276 to €20,142
- Tax, wage and social debts -€1,053
down €1,053 (-29.3%), from €3,596 to €2,543
- Gross operating margin +€1,656
up €1,656 (+6.6%), from €25,030 to €26,687
- Taxes +€536
up €536 (+32.9%), from €1,628 to €2,163
- Financial charges -€301
down €301 (-21.3%), from €1,411 to €1,110
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 | €56,039 | €50,963 | -€5,076 | -9.1% |
| Fixed assets | 21/28 | €37,456 | €22,021 | -€15,434 | -41.2% |
| Tangible fixed assets | 22/27 | €37,456 | €22,021 | -€15,434 | -41.2% |
| Plant, machinery and equipment | 23 | €4,598 | €3,239 | -€1,359 | -29.6% |
| Furniture and vehicles | 24 | €32,858 | €18,783 | -€14,075 | -42.8% |
| Current assets | 29/58 | €18,583 | €28,942 | +€10,358 | +55.7% |
| Amounts receivable within one year | 40/41 | €1,490 | €4,470 | +€2,980 | +200% |
| Trade receivables | 40 | - | €789 | +€789 | |
| Other amounts receivable | 41 | €1,490 | €3,681 | +€2,191 | +147% |
| Cash at bank and in hand | 54/58 | €16,885 | €24,258 | +€7,373 | +43.7% |
| Deferred charges and accrued income | 490/1 | €209 | €214 | +€5 | +2.6% |
| Total equity and liabilities | 10/49 | €56,039 | €50,963 | -€5,076 | -9.1% |
| Equity | 10/15 | €14,277 | €20,143 | +€5,865 | +41.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €14,276 | €20,142 | +€5,865 | +41.1% |
| Distributable reserves | 133 | €14,276 | €20,142 | +€5,865 | +41.1% |
| Amounts payable | 17/49 | €41,762 | €30,820 | -€10,942 | -26.2% |
| Amounts payable after more than one year | 17 | €22,652 | €12,392 | -€10,260 | -45.3% |
| Financial debts | 170/4 | €22,652 | €12,392 | -€10,260 | -45.3% |
| Amounts payable within one year | 42/48 | €19,110 | €18,428 | -€682 | -3.6% |
| Current portion of amounts payable after more than one year | 42 | €9,937 | €10,260 | +€323 | +3.3% |
| Trade debts | 44 | €5,577 | €5,626 | +€49 | +0.9% |
| Suppliers | 440/4 | €5,577 | €5,626 | +€49 | +0.9% |
| Taxes, remuneration and social security | 45 | €3,596 | €2,543 | -€1,053 | -29.3% |
| Taxes | 450/3 | €3,596 | €2,543 | -€1,053 | -29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,775 | €16,863 | +€89 | +0.5% |
| Other operating charges | 640/8 | €772 | €825 | +€53 | +6.8% |
| Gross operating margin | 9900 | €25,030 | €26,687 | +€1,656 | +6.6% |
| Operating profit (loss) | 9901 | €7,483 | €8,998 | +€1,515 | +20.2% |
| Financial income | 75/76B | €48 | €140 | +€92 | +194% |
| Recurring financial income | 75 | €48 | €140 | +€92 | +194% |
| Financial charges | 65/66B | €1,411 | €1,110 | -€301 | -21.3% |
| Recurring financial charges | 65 | €1,411 | €1,110 | -€301 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €6,120 | €8,029 | +€1,908 | +31.2% |
| Income taxes | 67/77 | €1,628 | €2,163 | +€536 | +32.9% |
| Profit (loss) for the period | 9904 | €4,493 | €5,865 | +€1,372 | +30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,493 | €5,865 | +€1,372 | +30.5% |
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 15 October 2026 via checked.be.