SININVEST: 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.
SININVEST
Largest movements
- Tangible fixed assets -€258,880
down €258,880 (-75.9%), from €340,926 to €82,046
- Cash -€28,075
down €28,075 (-16.9%), from €166,567 to €138,492
mainly Trade debts (-€1.0m) and Short-term financial debts (-€299,810)
- Receivables within one year -€9,414
down €9,414 (-71.1%), from €13,238 to €3,825
of which Other amounts receivable: -€9,414
- Deferred charges and accrued income +€7,028
new in 2025: €7,028
- Profit (loss) carried forward +€1.0m
up €1.0m (+25.8%), from -€3.9m to -€2.9m
- Trade debts -€1.0m
down €1.0m (-65.1%), from €1.5m to €537,427
- Short-term financial debts -€299,810
down €299,810 (-99.9%), from €300,000 to €190
of which Credit institutions: -€300,000
- Gross operating margin +€972,331
up €972,331 (+1,192%), from €81,584 to €1.1m
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.
Derived cash bridge
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 | €520,732 | €231,390 | -€289,342 | -55.6% |
| Fixed assets | 21/28 | €340,926 | €82,046 | -€258,880 | -75.9% |
| Tangible fixed assets | 22/27 | €340,926 | €82,046 | -€258,880 | -75.9% |
| Land and buildings | 22 | €340,926 | €82,046 | -€258,880 | -75.9% |
| Current assets | 29/58 | €179,806 | €149,345 | -€30,461 | -16.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €13,238 | €3,825 | -€9,414 | -71.1% |
| Trade receivables | 40 | €3,573 | €3,573 | = | 0.0% |
| Other amounts receivable | 41 | €9,665 | €251 | -€9,414 | -97.4% |
| Cash at bank and in hand | 54/58 | €166,567 | €138,492 | -€28,075 | -16.9% |
| Deferred charges and accrued income | 490/1 | - | €7,028 | +€7,028 | |
| Total equity and liabilities | 10/49 | €520,732 | €231,390 | -€289,342 | -55.6% |
| Equity | 10/15 | -€2,090,300 | -€1,075,653 | +€1.0m | +48.5% |
| Contributions | 10/11 | €1,730,297 | €1,730,297 | = | 0.0% |
| Capital | 10 | €1,730,297 | €1,730,297 | = | 0.0% |
| Issued capital | 100 | €1,730,297 | €1,730,297 | = | 0.0% |
| Reserves | 13 | €111,157 | €111,157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €111,157 | €111,157 | = | 0.0% |
| Legal reserve | 130 | €111,157 | €111,157 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,931,754 | -€2,917,107 | +€1.0m | +25.8% |
| Amounts payable | 17/49 | €2,611,032 | €1,307,044 | -€1.3m | -49.9% |
| Amounts payable within one year | 42/48 | €2,609,464 | €1,307,044 | -€1.3m | -49.9% |
| Financial debts | 43 | €300,000 | €190 | -€299,810 | -99.9% |
| Credit institutions | 430/8 | €300,000 | €0 | -€300,000 | -100% |
| Other loans | 439 | - | €190 | +€190 | |
| Trade debts | 44 | €1,541,312 | €537,427 | -€1.0m | -65.1% |
| Suppliers | 440/4 | €1,541,312 | €537,427 | -€1.0m | -65.1% |
| Taxes, remuneration and social security | 45 | - | €1,275 | +€1,275 | |
| Taxes | 450/3 | - | €1,275 | +€1,275 | |
| Other amounts payable | 47/48 | €768,152 | €768,152 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,568 | €0 | -€1,568 | -100% |
| Non-recurring operating income | 76A | - | €966,120 | +€966,120 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,751 | €0 | -€1,751 | -100% |
| Other operating charges | 640/8 | €20,006 | €20,661 | +€654 | +3.3% |
| Gross operating margin | 9900 | €81,584 | €1,053,916 | +€972,331 | +1,192% |
| Operating profit (loss) | 9901 | €59,826 | €1,033,255 | +€973,428 | +1,627% |
| Financial charges | 65/66B | €25,194 | €17,333 | -€7,861 | -31.2% |
| Recurring financial charges | 65 | €25,194 | €17,333 | -€7,861 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €34,632 | €1,015,922 | +€981,289 | +2,833% |
| Income taxes | 67/77 | - | €1,275 | +€1,275 | |
| Profit (loss) for the period | 9904 | €34,632 | €1,014,647 | +€980,015 | +2,830% |
| Profit (loss) for the period to be appropriated | 9905 | €34,632 | €1,014,647 | +€980,015 | +2,830% |
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 21 October 2026 via checked.be.