Sinika: 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.
Sinika
Largest movements
- Stocks and contracts +€209,383
up €209,383 (+92.2%), from €226,999 to €436,382
- Cash +€84,521
up €84,521 (+97.1%), from €87,017 to €171,538
mainly Advances received (+€190,594) and Trade debts (+€95,243)
- Receivables within one year -€24,236
down €24,236 (-19.2%), from €126,078 to €101,843
of which Other amounts receivable: -€28,614
- Deferred charges and accrued income -€17,350
down €17,350 (-66.6%), from €26,040 to €8,690
- Tangible fixed assets -€9,343
down €9,343 (-29.6%), from €31,513 to €22,170
of which Furniture and vehicles: -€7,299
- Advances received +€190,594
up €190,594 (+60.1%), from €317,311 to €507,905
- Trade debts +€95,243
up €95,243 (+115.9%), from €82,188 to €177,431
- Tax, wage and social debts -€36,427
down €36,427 (-77.6%), from €46,958 to €10,531
of which Taxes: -€38,010
- Debts after one year -€26,205
down €26,205 (-62.2%), from €42,146 to €15,941
- Profit (loss) carried forward +€16,118
up €16,118, from -€13,788 to €2,330
- Gross operating margin +€51,708
up €51,708 (+190.7%), from €27,116 to €78,824
- Staff costs +€31,108
up €31,108 (+87.7%), from €35,476 to €66,583
- Financial charges -€4,110
down €4,110 (-57.6%), from €7,137 to €3,027
- Financial income +€3,293
up €3,293 (+17.4%), from €18,900 to €22,193
- Depreciation -€2,238
down €2,238 (-13.4%), from €16,678 to €14,440
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 | €506,953 | €747,628 | +€240,676 | +47.5% |
| Fixed assets | 21/28 | €40,818 | €29,175 | -€11,643 | -28.5% |
| Intangible fixed assets | 21 | €9,305 | €7,005 | -€2,300 | -24.7% |
| Tangible fixed assets | 22/27 | €31,513 | €22,170 | -€9,343 | -29.6% |
| Plant, machinery and equipment | 23 | €18,675 | €16,630 | -€2,044 | -10.9% |
| Furniture and vehicles | 24 | €12,839 | €5,540 | -€7,299 | -56.9% |
| Current assets | 29/58 | €466,134 | €718,453 | +€252,319 | +54.1% |
| Stocks and contracts in progress | 3 | €226,999 | €436,382 | +€209,383 | +92.2% |
| Stocks | 30/36 | €226,999 | €436,382 | +€209,383 | +92.2% |
| Amounts receivable within one year | 40/41 | €126,078 | €101,843 | -€24,236 | -19.2% |
| Trade receivables | 40 | €83,089 | €87,467 | +€4,379 | +5.3% |
| Other amounts receivable | 41 | €42,990 | €14,375 | -€28,614 | -66.6% |
| Cash at bank and in hand | 54/58 | €87,017 | €171,538 | +€84,521 | +97.1% |
| Deferred charges and accrued income | 490/1 | €26,040 | €8,690 | -€17,350 | -66.6% |
| Total equity and liabilities | 10/49 | €506,953 | €747,628 | +€240,676 | +47.5% |
| Equity | 10/15 | -€8,788 | €7,330 | +€16,118 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,788 | €2,330 | +€16,118 | |
| Amounts payable | 17/49 | €515,741 | €740,298 | +€224,557 | +43.5% |
| Amounts payable after more than one year | 17 | €42,146 | €15,941 | -€26,205 | -62.2% |
| Financial debts | 170/4 | €42,146 | €15,941 | -€26,205 | -62.2% |
| Amounts payable within one year | 42/48 | €473,595 | €724,358 | +€250,763 | +52.9% |
| Current portion of amounts payable after more than one year | 42 | €24,852 | €26,205 | +€1,353 | +5.4% |
| Trade debts | 44 | €82,188 | €177,431 | +€95,243 | +115.9% |
| Suppliers | 440/4 | €82,188 | €177,431 | +€95,243 | +115.9% |
| Advances received on contracts in progress | 46 | €317,311 | €507,905 | +€190,594 | +60.1% |
| Taxes, remuneration and social security | 45 | €46,958 | €10,531 | -€36,427 | -77.6% |
| Taxes | 450/3 | €38,330 | €320 | -€38,010 | -99.2% |
| Remuneration and social security | 454/9 | €8,628 | €10,211 | +€1,583 | +18.3% |
| Other amounts payable | 47/48 | €2,285 | €2,285 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €35,476 | €66,583 | +€31,108 | +87.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,678 | €14,440 | -€2,238 | -13.4% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €27,116 | €78,824 | +€51,708 | +190.7% |
| Operating profit (loss) | 9901 | -€25,551 | -€2,727 | +€22,824 | +89.3% |
| Financial income | 75/76B | €18,900 | €22,193 | +€3,293 | +17.4% |
| Recurring financial income | 75 | €18,900 | €22,193 | +€3,293 | +17.4% |
| Financial charges | 65/66B | €7,137 | €3,027 | -€4,110 | -57.6% |
| Recurring financial charges | 65 | €7,137 | €3,027 | -€4,110 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | -€13,788 | €16,438 | +€30,226 | |
| Income taxes | 67/77 | - | €320 | +€320 | |
| Profit (loss) for the period | 9904 | -€13,788 | €16,118 | +€29,907 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,788 | €16,118 | +€29,907 |
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.