SINISCOOP: 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.
SINISCOOP
Largest movements
- Tangible fixed assets +€3.6m
up €3.6m (+173%), from €2.1m to €5.7m
of which Plant, machinery and equipment: +€3.9m
- Receivables within one year -€549,148
down €549,148 (-50.1%), from €1.1m to €546,668
of which Other amounts receivable: -€393,831
- Cash -€316,817
down €316,817 (-50.2%), from €631,299 to €314,482
mainly Investment in fixed assets (net) (-€4.1m) and Net result for the year (-€282,085)
- Other debts +€2.6m
up €2.6m (+29,850%), from €8,733 to €2.6m
- Trade debts +€348,145
up €348,145 (+41.0%), from €848,740 to €1.2m
- Profit (loss) carried forward -€282,085
down €282,085 (-11.1%), from €2.5m to €2.3m
- Gross operating margin -€364,264
down €364,264 (-33.8%), from €1.1m to €712,126
- Taxes -€61,222
down €61,222 (-99.7%), from €61,387 to €165
- Depreciation +€59,138
up €59,138 (+12.5%), from €471,708 to €530,847
- Financial charges +€27,759
up €27,759 (+1,219%), from €2,277 to €30,036
of which Financial charges: +€27,718
- Staff costs +€27,708
up €27,708 (+8.3%), from €332,640 to €360,348
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 | €4,033,242 | €6,767,175 | +€2.7m | +67.8% |
| Fixed assets | 21/28 | €2,194,729 | €5,799,632 | +€3.6m | +164% |
| Intangible fixed assets | 21 | €102,703 | €102,538 | -€166 | -0.2% |
| Tangible fixed assets | 22/27 | €2,088,827 | €5,693,896 | +€3.6m | +173% |
| Land and buildings | 22 | €1,567,910 | €1,197,101 | -€370,809 | -23.6% |
| Plant, machinery and equipment | 23 | €488,834 | €4,349,630 | +€3.9m | +790% |
| Furniture and vehicles | 24 | €30,003 | €27,532 | -€2,471 | -8.2% |
| Other tangible fixed assets | 26 | €2,080 | €119,634 | +€117,554 | +5,652% |
| Financial fixed assets | 28 | €3,199 | €3,199 | = | 0.0% |
| Current assets | 29/58 | €1,838,513 | €967,543 | -€870,970 | -47.4% |
| Stocks and contracts in progress | 3 | €54,181 | €63,180 | +€8,999 | +16.6% |
| Stocks | 30/36 | €54,181 | €63,180 | +€8,999 | +16.6% |
| Amounts receivable within one year | 40/41 | €1,095,816 | €546,668 | -€549,148 | -50.1% |
| Trade receivables | 40 | €515,016 | €359,698 | -€155,318 | -30.2% |
| Other amounts receivable | 41 | €580,801 | €186,970 | -€393,831 | -67.8% |
| Cash at bank and in hand | 54/58 | €631,299 | €314,482 | -€316,817 | -50.2% |
| Deferred charges and accrued income | 490/1 | €57,216 | €43,213 | -€14,003 | -24.5% |
| Total equity and liabilities | 10/49 | €4,033,242 | €6,767,175 | +€2.7m | +67.8% |
| Equity | 10/15 | €3,083,474 | €2,801,388 | -€282,085 | -9.1% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,533,474 | €2,251,388 | -€282,085 | -11.1% |
| Amounts payable | 17/49 | €949,768 | €3,965,787 | +€3.0m | +318% |
| Amounts payable within one year | 42/48 | €948,579 | €3,904,961 | +€3.0m | +312% |
| Trade debts | 44 | €848,740 | €1,196,885 | +€348,145 | +41.0% |
| Suppliers | 440/4 | €848,740 | €1,196,885 | +€348,145 | +41.0% |
| Advances received on contracts in progress | 46 | - | €6,410 | +€6,410 | |
| Taxes, remuneration and social security | 45 | €91,106 | €86,096 | -€5,010 | -5.5% |
| Taxes | 450/3 | €61,387 | €61,379 | -€8 | 0.0% |
| Remuneration and social security | 454/9 | €29,719 | €24,717 | -€5,002 | -16.8% |
| Other amounts payable | 47/48 | €8,733 | €2,615,571 | +€2.6m | +29,850% |
| Accrued charges and deferred income | 492/3 | €1,189 | €60,826 | +€59,637 | +5,016% |
| Remuneration, social security and pensions | 62 | €332,640 | €360,348 | +€27,708 | +8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471,708 | €530,847 | +€59,138 | +12.5% |
| Other operating charges | 640/8 | €64,825 | €77,756 | +€12,931 | +19.9% |
| Gross operating margin | 9900 | €1,076,390 | €712,126 | -€364,264 | -33.8% |
| Operating profit (loss) | 9901 | €207,217 | -€256,825 | -€464,042 | |
| Financial income | 75/76B | €17,886 | €4,941 | -€12,945 | -72.4% |
| Recurring financial income | 75 | €17,886 | €4,941 | -€12,945 | -72.4% |
| Financial charges | 65/66B | €2,277 | €30,036 | +€27,759 | +1,219% |
| Recurring financial charges | 65 | €2,225 | €29,943 | +€27,718 | +1,246% |
| Non-recurring financial charges | 66B | €52 | €93 | +€41 | +78.8% |
| Profit (loss) for the period before taxes | 9903 | €222,826 | -€281,920 | -€504,746 | |
| Income taxes | 67/77 | €61,387 | €165 | -€61,222 | -99.7% |
| Profit (loss) for the period | 9904 | €161,439 | -€282,085 | -€443,524 | |
| Profit (loss) for the period to be appropriated | 9905 | €161,439 | -€282,085 | -€443,524 |
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 18 October 2026 via checked.be.