SINFISC: what changed
Two fiscal 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.
SINFISC
Largest movements
- Receivables within one year +€12,044
up €12,044 (+41.4%), from €29,104 to €41,148
of which Trade receivables: +€16,126
- Cash +€8,494
up €8,494 (+28.8%), from €29,488 to €37,982
mainly Net result for the year (+€40,729) and Tax, wage and social debts (+€19,405)
- Deferred charges and accrued income +€7,519
up €7,519 (+2108.1%), from €357 to €7,876
- Reserves +€40,720
up €40,720 (+392.7%), from €10,370 to €51,090
- Debts after one year -€36,000
down €36,000 (-100.0%), from €36,000 to €0
- Tax, wage and social debts +€19,405
up €19,405 (+128.9%), from €15,060 to €34,466
- Other debts +€1,801
up €1,801 (+206.7%), from €871 to €2,672
- Accrued charges and deferred income +€1,098
new in 2025: €1,098
- Gross operating margin +€40,110
up €40,110 (+200.6%), from €19,997 to €60,107
- Taxes +€10,574
up €10,574 (+197.4%), from €5,356 to €15,930
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.
Cash bridge derived
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 | €64,624 | €92,032 | +€27,408 | +42.4% |
| Fixed assets | 21/28 | €5,675 | €5,027 | -€648 | -11.4% |
| Tangible fixed assets | 22/27 | €5,675 | €5,027 | -€648 | -11.4% |
| Plant, machinery and equipment | 23 | €1,844 | €1,633 | -€211 | -11.4% |
| Furniture and vehicles | 24 | €3,831 | €3,393 | -€437 | -11.4% |
| Current assets | 29/58 | €58,949 | €87,006 | +€28,057 | +47.6% |
| Amounts receivable within one year | 40/41 | €29,104 | €41,148 | +€12,044 | +41.4% |
| Trade receivables | 40 | €8,645 | €24,771 | +€16,126 | +186.5% |
| Other amounts receivable | 41 | €20,459 | €16,377 | -€4,082 | -20.0% |
| Cash at bank and in hand | 54/58 | €29,488 | €37,982 | +€8,494 | +28.8% |
| Deferred charges and accrued income | 490/1 | €357 | €7,876 | +€7,519 | +2108.1% |
| Total equity and liabilities | 10/49 | €64,624 | €92,032 | +€27,408 | +42.4% |
| Equity | 10/15 | €11,377 | €52,106 | +€40,729 | +358.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €10,370 | €51,090 | +€40,720 | +392.7% |
| Distributable reserves | 133 | €10,370 | €51,090 | +€40,720 | +392.7% |
| Profit (loss) carried forward | 14 | €7 | €16 | +€9 | +127.6% |
| Amounts payable | 17/49 | €53,247 | €39,926 | -€13,321 | -25.0% |
| Amounts payable after more than one year | 17 | €36,000 | €0 | -€36,000 | -100.0% |
| Financial debts | 170/4 | €36,000 | €0 | -€36,000 | -100.0% |
| Amounts payable within one year | 42/48 | €17,247 | €38,829 | +€21,581 | +125.1% |
| Trade debts | 44 | €1,316 | €1,691 | +€375 | +28.5% |
| Suppliers | 440/4 | €1,316 | €1,691 | +€375 | +28.5% |
| Taxes, remuneration and social security | 45 | €15,060 | €34,466 | +€19,405 | +128.9% |
| Taxes | 450/3 | €15,060 | €34,466 | +€19,405 | +128.9% |
| Other amounts payable | 47/48 | €871 | €2,672 | +€1,801 | +206.7% |
| Accrued charges and deferred income | 492/3 | - | €1,098 | +€1,098 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,115 | €2,853 | -€261 | -8.4% |
| Other operating charges | 640/8 | €858 | €400 | -€459 | -53.4% |
| Gross operating margin | 9900 | €19,997 | €60,107 | +€40,110 | +200.6% |
| Operating profit (loss) | 9901 | €16,024 | €56,854 | +€40,829 | +254.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €291 | €196 | -€95 | -32.5% |
| Recurring financial charges | 65 | €291 | €196 | -€95 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | €15,733 | €56,659 | +€40,926 | +260.1% |
| Income taxes | 67/77 | €5,356 | €15,930 | +€10,574 | +197.4% |
| Profit (loss) for the period | 9904 | €10,377 | €40,729 | +€30,352 | +292.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,377 | €40,729 | +€30,352 | +292.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.