SINIS: 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.
SINIS
Largest movements
- Intangible fixed assets -€8,809
no longer reported in 2025 (was €8,809)
- Tangible fixed assets -€8,511
no longer reported in 2025 (was €8,511)
- Cash -€8,332
down €8,332 (-85.4%), from €9,752 to €1,420
mainly Tax, wage and social debts (-€36,849) and Trade debts (-€9,680)
- Financial fixed assets -€5,100
no longer reported in 2025 (was €5,100)
- Receivables within one year -€3,162
down €3,162 (-81.3%), from €3,890 to €729
of which Trade receivables: -€2,235
- Tax, wage and social debts -€36,849
down €36,849 (-87.9%), from €41,916 to €5,066
of which Remuneration and social security: -€36,849
- Trade debts -€9,680
down €9,680 (-68.4%), from €14,159 to €4,479
- Profit (loss) carried forward +€8,758
up €8,758 (+21.9%), from -€40,029 to -€31,271
- Other debts +€3,857
up €3,857 (+23391.7%), from €16 to €3,874
- Staff costs -€135,629
down €135,629 (-66.3%), from €204,443 to €68,814
- Gross operating margin -€90,446
down €90,446 (-52.4%), from €172,602 to €82,156
- Depreciation -€3,927
no longer reported in 2025 (was €3,927)
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 | €36,062 | €2,148 | -€33,914 | -94.0% |
| Fixed assets | 21/28 | €22,420 | - | -€22,420 | |
| Intangible fixed assets | 21 | €8,809 | - | -€8,809 | |
| Tangible fixed assets | 22/27 | €8,511 | - | -€8,511 | |
| Furniture and vehicles | 24 | €8,511 | - | -€8,511 | |
| Financial fixed assets | 28 | €5,100 | - | -€5,100 | |
| Current assets | 29/58 | €13,642 | €2,148 | -€11,494 | -84.3% |
| Amounts receivable within one year | 40/41 | €3,890 | €729 | -€3,162 | -81.3% |
| Trade receivables | 40 | €2,964 | €729 | -€2,235 | -75.4% |
| Other amounts receivable | 41 | €926 | - | -€926 | |
| Cash at bank and in hand | 54/58 | €9,752 | €1,420 | -€8,332 | -85.4% |
| Total equity and liabilities | 10/49 | €36,062 | €2,148 | -€33,914 | -94.0% |
| Equity | 10/15 | -€20,029 | -€11,271 | +€8,758 | +43.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,029 | -€31,271 | +€8,758 | +21.9% |
| Amounts payable | 17/49 | €56,091 | €13,419 | -€42,672 | -76.1% |
| Amounts payable within one year | 42/48 | €56,091 | €13,419 | -€42,672 | -76.1% |
| Trade debts | 44 | €14,159 | €4,479 | -€9,680 | -68.4% |
| Suppliers | 440/4 | €14,159 | €4,479 | -€9,680 | -68.4% |
| Taxes, remuneration and social security | 45 | €41,916 | €5,066 | -€36,849 | -87.9% |
| Taxes | 450/3 | €2,615 | €2,615 | = | 0.0% |
| Remuneration and social security | 454/9 | €39,301 | €2,452 | -€36,849 | -93.8% |
| Other amounts payable | 47/48 | €16 | €3,874 | +€3,857 | +23391.7% |
| Remuneration, social security and pensions | 62 | €204,443 | €68,814 | -€135,629 | -66.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,927 | - | -€3,927 | |
| Other operating charges | 640/8 | €1,352 | €673 | -€678 | -50.2% |
| Gross operating margin | 9900 | €172,602 | €82,156 | -€90,446 | -52.4% |
| Operating profit (loss) | 9901 | -€37,119 | €12,668 | +€49,788 | |
| Financial income | 75/76B | €260 | €3 | -€257 | -98.8% |
| Recurring financial income | 75 | €260 | €3 | -€257 | -98.8% |
| Financial charges | 65/66B | €3,169 | €3,913 | +€744 | +23.5% |
| Recurring financial charges | 65 | €3,169 | €3,913 | +€744 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,029 | €8,758 | +€48,787 | |
| Profit (loss) for the period | 9904 | -€40,029 | €8,758 | +€48,787 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,029 | €8,758 | +€48,787 |
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 3 October 2026 via checked.be.