SINFONIA: 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.
SINFONIA
Largest movements
- Cash -€55,581
down €55,581 (-53.8%), from €103,353 to €47,772
mainly Contributions, distributions and other (-€44,840) and Net result for the year (-€31,494)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Tangible fixed assets -€22,590
down €22,590 (-21.6%), from €104,390 to €81,800
of which Furniture and vehicles: -€19,585
- Receivables within one year +€11,923
up €11,923 (+317.6%), from €3,754 to €15,678
- Reserves -€75,840
down €75,840 (-46.4%), from €163,520 to €87,680
- Tax, wage and social debts -€17,818
down €17,818 (-32.1%), from €55,467 to €37,649
of which Taxes: -€21,046
- Current portion of long-term debt -€11,410
down €11,410 (-74.8%), from €15,244 to €3,834
- Debts after one year -€3,834
no longer reported in 2025 (was €3,834)
- Trade debts +€2,974
up €2,974 (+15.2%), from €19,625 to €22,599
- Gross operating margin -€31,723
down €31,723 (-13.8%), from €230,398 to €198,675
- Staff costs +€29,352
up €29,352 (+17.3%), from €169,843 to €199,195
- Taxes -€6,472
down €6,472 (-95.1%), from €6,804 to €332
- Depreciation -€4,698
down €4,698 (-15.9%), from €29,637 to €24,940
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 | €275,212 | €166,964 | -€108,248 | -39.3% |
| Fixed assets | 21/28 | €114,890 | €92,300 | -€22,590 | -19.7% |
| Tangible fixed assets | 22/27 | €104,390 | €81,800 | -€22,590 | -21.6% |
| Plant, machinery and equipment | 23 | €21,220 | €19,653 | -€1,567 | -7.4% |
| Furniture and vehicles | 24 | €34,886 | €15,301 | -€19,585 | -56.1% |
| Other tangible fixed assets | 26 | €48,283 | €46,846 | -€1,438 | -3.0% |
| Financial fixed assets | 28 | €10,500 | €10,500 | = | 0.0% |
| Current assets | 29/58 | €160,323 | €74,665 | -€85,658 | -53.4% |
| Stocks and contracts in progress | 3 | €7,035 | €7,715 | +€680 | +9.7% |
| Stocks | 30/36 | €7,035 | €7,715 | +€680 | +9.7% |
| Amounts receivable within one year | 40/41 | €3,754 | €15,678 | +€11,923 | +317.6% |
| Trade receivables | 40 | €3,754 | €15,678 | +€11,923 | +317.6% |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €103,353 | €47,772 | -€55,581 | -53.8% |
| Deferred charges and accrued income | 490/1 | €6,180 | €3,500 | -€2,680 | -43.4% |
| Total equity and liabilities | 10/49 | €275,212 | €166,964 | -€108,248 | -39.3% |
| Equity | 10/15 | €170,503 | €94,169 | -€76,334 | -44.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €163,520 | €87,680 | -€75,840 | -46.4% |
| Distributable reserves | 133 | €163,520 | €87,680 | -€75,840 | -46.4% |
| Profit (loss) carried forward | 14 | €783 | €289 | -€494 | -63.1% |
| Amounts payable | 17/49 | €104,709 | €72,796 | -€31,913 | -30.5% |
| Amounts payable after more than one year | 17 | €3,834 | - | -€3,834 | |
| Financial debts | 170/4 | €3,834 | - | -€3,834 | |
| Amounts payable within one year | 42/48 | €100,875 | €72,796 | -€28,079 | -27.8% |
| Current portion of amounts payable after more than one year | 42 | €15,244 | €3,834 | -€11,410 | -74.8% |
| Trade debts | 44 | €19,625 | €22,599 | +€2,974 | +15.2% |
| Suppliers | 440/4 | €19,625 | €22,599 | +€2,974 | +15.2% |
| Taxes, remuneration and social security | 45 | €55,467 | €37,649 | -€17,818 | -32.1% |
| Taxes | 450/3 | €29,169 | €8,123 | -€21,046 | -72.2% |
| Remuneration and social security | 454/9 | €26,298 | €29,527 | +€3,229 | +12.3% |
| Other amounts payable | 47/48 | €10,538 | €8,713 | -€1,825 | -17.3% |
| Non-recurring operating income | 76A | - | €7,416 | +€7,416 | |
| Remuneration, social security and pensions | 62 | €169,843 | €199,195 | +€29,352 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,637 | €24,940 | -€4,698 | -15.9% |
| Other operating charges | 640/8 | €1,521 | €599 | -€921 | -60.6% |
| Gross operating margin | 9900 | €230,398 | €198,675 | -€31,723 | -13.8% |
| Operating profit (loss) | 9901 | €29,397 | -€26,060 | -€55,456 | |
| Financial income | 75/76B | €981 | €1,314 | +€333 | +34.0% |
| Recurring financial income | 75 | €981 | €1,314 | +€333 | +34.0% |
| Financial charges | 65/66B | €6,321 | €6,417 | +€96 | +1.5% |
| Recurring financial charges | 65 | €6,321 | €6,417 | +€96 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €24,056 | -€31,163 | -€55,219 | |
| Income taxes | 67/77 | €6,804 | €332 | -€6,472 | -95.1% |
| Profit (loss) for the period | 9904 | €17,252 | -€31,494 | -€48,747 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,252 | -€31,494 | -€48,747 |
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 6 October 2026 via checked.be.