SININDIS: 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.
SININDIS
Largest movements
- Cash -€19,874
down €19,874 (-83.5%), from €23,795 to €3,921
mainly Debts after one year (-€30,000) and Investment in fixed assets (net) (-€4,966)
- Debts after one year -€30,000
no longer reported in 2025 (was €30,000)
- Profit (loss) carried forward +€12,255
up €12,255 (+6.5%), from €188,752 to €201,007
- Gross operating margin +€5,372
up €5,372 (+38.0%), from €14,140 to €19,512
- Taxes +€2,010
up €2,010 (+200.8%), from €1,001 to €3,011
- Financial charges -€954
down €954 (-38.1%), from €2,503 to €1,549
- Depreciation +€813
up €813 (+22.8%), from €3,564 to €4,377
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 | €273,885 | €256,594 | -€17,291 | -6.3% |
| Fixed assets | 21/28 | €114,823 | €115,412 | +€589 | +0.5% |
| Tangible fixed assets | 22/27 | €114,823 | €115,412 | +€589 | +0.5% |
| Land and buildings | 22 | €114,823 | €114,721 | -€102 | -0.1% |
| Furniture and vehicles | 24 | - | €691 | +€691 | |
| Current assets | 29/58 | €159,062 | €141,182 | -€17,880 | -11.2% |
| Amounts receivable within one year | 40/41 | €135,267 | €137,261 | +€1,994 | +1.5% |
| Trade receivables | 40 | €5,267 | €7,261 | +€1,994 | +37.9% |
| Other amounts receivable | 41 | €130,000 | €130,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €23,795 | €3,921 | -€19,874 | -83.5% |
| Total equity and liabilities | 10/49 | €273,885 | €256,594 | -€17,291 | -6.3% |
| Equity | 10/15 | €240,565 | €252,820 | +€12,255 | +5.1% |
| Contributions | 10/11 | €33,466 | €33,466 | = | 0.0% |
| Reserves | 13 | €18,347 | €18,347 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,000 | €15,000 | = | 0.0% |
| Distributable reserves | 133 | €3,347 | €3,347 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,752 | €201,007 | +€12,255 | +6.5% |
| Amounts payable | 17/49 | €33,320 | €3,774 | -€29,546 | -88.7% |
| Amounts payable after more than one year | 17 | €30,000 | - | -€30,000 | |
| Other amounts payable | 178/9 | €30,000 | - | -€30,000 | |
| Amounts payable within one year | 42/48 | €3,320 | €3,774 | +€454 | +13.7% |
| Trade debts | 44 | €1,830 | €2,246 | +€416 | +22.7% |
| Suppliers | 440/4 | €1,830 | €2,246 | +€416 | +22.7% |
| Taxes, remuneration and social security | 45 | €1,490 | €1,528 | +€38 | +2.6% |
| Taxes | 450/3 | €1,490 | €1,528 | +€38 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,564 | €4,377 | +€813 | +22.8% |
| Other operating charges | 640/8 | €4,625 | €4,820 | +€195 | +4.2% |
| Gross operating margin | 9900 | €14,140 | €19,512 | +€5,372 | +38.0% |
| Operating profit (loss) | 9901 | €5,951 | €10,315 | +€4,364 | +73.3% |
| Financial income | 75/76B | €6,500 | €6,500 | = | 0.0% |
| Recurring financial income | 75 | €6,500 | €6,500 | = | 0.0% |
| Financial charges | 65/66B | €2,503 | €1,549 | -€954 | -38.1% |
| Recurring financial charges | 65 | €2,503 | €1,549 | -€954 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €9,948 | €15,266 | +€5,318 | +53.5% |
| Income taxes | 67/77 | €1,001 | €3,011 | +€2,010 | +200.8% |
| Profit (loss) for the period | 9904 | €8,947 | €12,255 | +€3,308 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,947 | €12,255 | +€3,308 | +37.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.