SINFINEX: 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.
SINFINEX
Largest movements
- Cash +€65,116
up €65,116 (+340%), from €19,154 to €84,270
mainly Net result for the year (+€79,304) and Other debts (+€36,657)
- Receivables within one year +€58,651
up €58,651 (+225%), from €26,049 to €84,700
- Tangible fixed assets +€32,957
up €32,957 (+448%), from €7,361 to €40,318
- Reserves +€78,445
up €78,445 (+431%), from €18,189 to €96,634
- Other debts +€36,657
up €36,657 (+197%), from €18,648 to €55,306
- Debts after one year +€24,138
new in 2025: €24,138
- Tax, wage and social debts +€18,118
up €18,118 (+357%), from €5,074 to €23,193
- Current portion of long-term debt +€5,989
new in 2025: €5,989
- Gross operating margin +€96,480
up €96,480 (+299%), from €32,241 to €128,721
- Taxes +€23,614
up €23,614 (+324%), from €7,288 to €30,902
- Other operating charges +€7,672
up €7,672 (+134%), from €5,705 to €13,377
- Depreciation +€4,597
up €4,597 (+1,772%), from €259 to €4,857
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 | €52,565 | €210,259 | +€157,694 | +300% |
| Fixed assets | 21/28 | €7,361 | €40,318 | +€32,957 | +448% |
| Tangible fixed assets | 22/27 | €7,361 | €40,318 | +€32,957 | +448% |
| Furniture and vehicles | 24 | €7,361 | €40,318 | +€32,957 | +448% |
| Current assets | 29/58 | €45,204 | €169,941 | +€124,737 | +276% |
| Amounts receivable within one year | 40/41 | €26,049 | €84,700 | +€58,651 | +225% |
| Trade receivables | 40 | €26,049 | €84,700 | +€58,651 | +225% |
| Cash at bank and in hand | 54/58 | €19,154 | €84,270 | +€65,116 | +340% |
| Deferred charges and accrued income | 490/1 | - | €971 | +€971 | |
| Total equity and liabilities | 10/49 | €52,565 | €210,259 | +€157,694 | +300% |
| Equity | 10/15 | €23,189 | €101,634 | +€78,445 | +338% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,189 | €96,634 | +€78,445 | +431% |
| Distributable reserves | 133 | €18,189 | €96,634 | +€78,445 | +431% |
| Amounts payable | 17/49 | €29,376 | €108,625 | +€79,249 | +270% |
| Amounts payable after more than one year | 17 | - | €24,138 | +€24,138 | |
| Financial debts | 170/4 | - | €24,138 | +€24,138 | |
| Amounts payable within one year | 42/48 | €23,913 | €84,487 | +€60,573 | +253% |
| Current portion of amounts payable after more than one year | 42 | - | €5,989 | +€5,989 | |
| Trade debts | 44 | €191 | - | -€191 | |
| Suppliers | 440/4 | €191 | - | -€191 | |
| Taxes, remuneration and social security | 45 | €5,074 | €23,193 | +€18,118 | +357% |
| Taxes | 450/3 | €5,074 | €23,193 | +€18,118 | +357% |
| Other amounts payable | 47/48 | €18,648 | €55,306 | +€36,657 | +197% |
| Accrued charges and deferred income | 492/3 | €5,462 | - | -€5,462 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259 | €4,857 | +€4,597 | +1,772% |
| Other operating charges | 640/8 | €5,705 | €13,377 | +€7,672 | +134% |
| Gross operating margin | 9900 | €32,241 | €128,721 | +€96,480 | +299% |
| Operating profit (loss) | 9901 | €26,277 | €110,488 | +€84,211 | +320% |
| Financial income | 75/76B | €35 | - | -€35 | |
| Recurring financial income | 75 | €35 | - | -€35 | |
| Financial charges | 65/66B | €1 | €282 | +€281 | +20,183% |
| Recurring financial charges | 65 | €1 | €282 | +€281 | +20,183% |
| Profit (loss) for the period before taxes | 9903 | €26,310 | €110,206 | +€83,896 | +319% |
| Income taxes | 67/77 | €7,288 | €30,902 | +€23,614 | +324% |
| Profit (loss) for the period | 9904 | €19,022 | €79,304 | +€60,281 | +317% |
| Profit (loss) for the period to be appropriated | 9905 | €19,022 | €79,304 | +€60,281 | +317% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.