SINEXPERT: 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.
SINEXPERT
Largest movements
- Cash -€19,433
down €19,433 (-46.3%), from €41,997 to €22,564
mainly Other debts (-€24,000) and Trade debts (-€9,963)
- Intangible fixed assets -€2,500
down €2,500 (-49.8%), from €5,024 to €2,524
- Other debts -€24,000
no longer reported in 2025 (was €24,000)
- Trade debts -€9,963
down €9,963 (-13.6%), from €73,267 to €63,304
- Profit (loss) carried forward +€8,827
up €8,827 (+74.8%), from €11,795 to €20,622
- Tax, wage and social debts +€2,237
new in 2025: €2,237
- Gross operating margin -€14,404
down €14,404 (-47.8%), from €30,149 to €15,744
- Taxes +€2,494
up €2,494 (+336%), from €743 to €3,237
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 | €111,062 | €88,162 | -€22,900 | -20.6% |
| Fixed assets | 21/28 | €5,712 | €2,704 | -€3,007 | -52.7% |
| Intangible fixed assets | 21 | €5,024 | €2,524 | -€2,500 | -49.8% |
| Tangible fixed assets | 22/27 | €608 | €101 | -€507 | -83.5% |
| Furniture and vehicles | 24 | €608 | €101 | -€507 | -83.5% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €105,350 | €85,457 | -€19,893 | -18.9% |
| Amounts receivable within one year | 40/41 | €63,020 | €62,425 | -€595 | -0.9% |
| Trade receivables | 40 | €41,512 | €52,128 | +€10,616 | +25.6% |
| Other amounts receivable | 41 | €21,509 | €10,297 | -€11,212 | -52.1% |
| Cash at bank and in hand | 54/58 | €41,997 | €22,564 | -€19,433 | -46.3% |
| Deferred charges and accrued income | 490/1 | €333 | €469 | +€136 | +40.8% |
| Total equity and liabilities | 10/49 | €111,062 | €88,162 | -€22,900 | -20.6% |
| Equity | 10/15 | €13,795 | €22,622 | +€8,827 | +64.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,795 | €20,622 | +€8,827 | +74.8% |
| Amounts payable | 17/49 | €97,267 | €65,540 | -€31,727 | -32.6% |
| Amounts payable within one year | 42/48 | €97,267 | €65,540 | -€31,727 | -32.6% |
| Trade debts | 44 | €73,267 | €63,304 | -€9,963 | -13.6% |
| Suppliers | 440/4 | €73,267 | €63,304 | -€9,963 | -13.6% |
| Taxes, remuneration and social security | 45 | - | €2,237 | +€2,237 | |
| Taxes | 450/3 | - | €2,237 | +€2,237 | |
| Other amounts payable | 47/48 | €24,000 | - | -€24,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,188 | €3,007 | -€180 | -5.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €30,149 | €15,744 | -€14,404 | -47.8% |
| Operating profit (loss) | 9901 | €26,574 | €12,337 | -€14,236 | -53.6% |
| Financial income | 75/76B | €1 | €0 | -€1 | -69.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -69.1% |
| Financial charges | 65/66B | €271 | €275 | +€3 | +1.2% |
| Recurring financial charges | 65 | €271 | €275 | +€3 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €26,304 | €12,063 | -€14,241 | -54.1% |
| Income taxes | 67/77 | €743 | €3,237 | +€2,494 | +336% |
| Profit (loss) for the period | 9904 | €25,561 | €8,827 | -€16,734 | -65.5% |
| Profit (loss) for the period to be appropriated | 9905 | €25,561 | €8,827 | -€16,734 | -65.5% |
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 16 October 2026 via checked.be.