«SINFONIS»: 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.
«SINFONIS»
Largest movements
- Receivables within one year +€75,521
up €75,521 (+69.7%), from €108,385 to €183,906
of which Trade receivables: +€73,050
- Cash +€13,319
up €13,319 (+13.7%), from €97,061 to €110,380
mainly Net result for the year (+€100,671) and Depreciation (+€27,665)
- Tangible fixed assets +€7,517
up €7,517 (+1.8%), from €412,707 to €420,224
of which Plant, machinery and equipment: +€24,417
- Reserves +€100,671
up €100,671 (+28.9%), from €348,079 to €448,750
of which Distributable reserves: +€100,671
- Tax, wage and social debts -€10,604
down €10,604 (-22.6%), from €46,837 to €36,233
of which Taxes: -€10,604
- Gross operating margin +€40,941
up €40,941 (+30.2%), from €135,490 to €176,431
- Taxes +€13,772
up €13,772 (+42.8%), from €32,166 to €45,938
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 | €623,859 | €719,914 | +€96,054 | +15.4% |
| Fixed assets | 21/28 | €412,707 | €420,224 | +€7,517 | +1.8% |
| Tangible fixed assets | 22/27 | €412,707 | €420,224 | +€7,517 | +1.8% |
| Land and buildings | 22 | €375,188 | €361,704 | -€13,484 | -3.6% |
| Plant, machinery and equipment | 23 | €7,769 | €32,186 | +€24,417 | +314.3% |
| Furniture and vehicles | 24 | €29,749 | €26,334 | -€3,416 | -11.5% |
| Current assets | 29/58 | €211,152 | €299,690 | +€88,537 | +41.9% |
| Amounts receivable within one year | 40/41 | €108,385 | €183,906 | +€75,521 | +69.7% |
| Trade receivables | 40 | €105,700 | €178,750 | +€73,050 | +69.1% |
| Other amounts receivable | 41 | €2,685 | €5,156 | +€2,471 | +92.0% |
| Cash at bank and in hand | 54/58 | €97,061 | €110,380 | +€13,319 | +13.7% |
| Deferred charges and accrued income | 490/1 | €5,707 | €5,404 | -€303 | -5.3% |
| Total equity and liabilities | 10/49 | €623,859 | €719,914 | +€96,054 | +15.4% |
| Equity | 10/15 | €520,000 | €620,671 | +€100,671 | +19.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €348,079 | €448,750 | +€100,671 | +28.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €346,219 | €446,890 | +€100,671 | +29.1% |
| Profit (loss) carried forward | 14 | €165,721 | €165,721 | = | 0.0% |
| Amounts payable | 17/49 | €103,859 | €99,243 | -€4,617 | -4.4% |
| Amounts payable within one year | 42/48 | €103,859 | €99,243 | -€4,617 | -4.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €8,287 | €7,220 | -€1,067 | -12.9% |
| Suppliers | 440/4 | €8,287 | €7,220 | -€1,067 | -12.9% |
| Taxes, remuneration and social security | 45 | €46,837 | €36,233 | -€10,604 | -22.6% |
| Taxes | 450/3 | €44,737 | €34,133 | -€10,604 | -23.7% |
| Remuneration and social security | 454/9 | €2,100 | €2,100 | = | 0.0% |
| Other amounts payable | 47/48 | €48,735 | €55,790 | +€7,054 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,721 | €27,665 | -€56 | -0.2% |
| Other operating charges | 640/8 | €2,388 | €1,638 | -€750 | -31.4% |
| Gross operating margin | 9900 | €135,490 | €176,431 | +€40,941 | +30.2% |
| Operating profit (loss) | 9901 | €105,381 | €147,127 | +€41,746 | +39.6% |
| Financial income | 75/76B | €940 | €10 | -€930 | -98.9% |
| Recurring financial income | 75 | €940 | €10 | -€930 | -98.9% |
| Financial charges | 65/66B | €991 | €529 | -€463 | -46.7% |
| Recurring financial charges | 65 | €991 | €529 | -€463 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | €105,329 | €146,608 | +€41,279 | +39.2% |
| Income taxes | 67/77 | €32,166 | €45,938 | +€13,772 | +42.8% |
| Profit (loss) for the period | 9904 | €73,163 | €100,671 | +€27,508 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €73,163 | €100,671 | +€27,508 | +37.6% |
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 8 October 2026 via checked.be.