SINISTRI: 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.
SINISTRI
Largest movements
- Receivables within one year +€69,905
up €69,905 (+124.0%), from €56,373 to €126,278
of which Other amounts receivable: +€38,361
- Tangible fixed assets -€28,205
down €28,205 (-32.8%), from €86,061 to €57,856
of which Furniture and vehicles: -€15,198
- Cash -€25,093
down €25,093 (-20.3%), from €123,638 to €98,545
mainly Receivables within one year (-€69,905) and Contributions, distributions and other (-€23,068)
- Stocks and contracts -€22,451
no longer reported in 2025 (was €22,451)
- Intangible fixed assets -€9,837
no longer reported in 2025 (was €9,837)
- Debts after one year -€18,440
down €18,440 (-64.4%), from €28,617 to €10,177
- Profit (loss) carried forward +€13,440
up €13,440 (+10.7%), from €125,526 to €138,966
- Accrued charges and deferred income -€12,984
no longer reported in 2025 (was €12,984)
- Gross operating margin +€49,696
up €49,696 (+14.5%), from €342,916 to €392,611
- Staff costs -€48,924
down €48,924 (-13.5%), from €362,004 to €313,080
- Depreciation -€14,701
down €14,701 (-40.8%), from €36,025 to €21,324
- Other operating charges +€9,831
up €9,831 (+182.4%), from €5,389 to €15,220
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 | €314,622 | €291,315 | -€23,307 | -7.4% |
| Fixed assets | 21/28 | €95,898 | €57,856 | -€38,042 | -39.7% |
| Intangible fixed assets | 21 | €9,837 | - | -€9,837 | |
| Tangible fixed assets | 22/27 | €86,061 | €57,856 | -€28,205 | -32.8% |
| Plant, machinery and equipment | 23 | €11,340 | €3,215 | -€8,126 | -71.7% |
| Furniture and vehicles | 24 | €41,891 | €26,693 | -€15,198 | -36.3% |
| Other tangible fixed assets | 26 | €32,830 | €27,948 | -€4,882 | -14.9% |
| Current assets | 29/58 | €218,724 | €233,459 | +€14,735 | +6.7% |
| Stocks and contracts in progress | 3 | €22,451 | - | -€22,451 | |
| Stocks | 30/36 | €22,451 | - | -€22,451 | |
| Amounts receivable within one year | 40/41 | €56,373 | €126,278 | +€69,905 | +124.0% |
| Trade receivables | 40 | €37,545 | €69,089 | +€31,544 | +84.0% |
| Other amounts receivable | 41 | €18,828 | €57,189 | +€38,361 | +203.8% |
| Cash at bank and in hand | 54/58 | €123,638 | €98,545 | -€25,093 | -20.3% |
| Deferred charges and accrued income | 490/1 | €16,262 | €8,636 | -€7,626 | -46.9% |
| Total equity and liabilities | 10/49 | €314,622 | €291,315 | -€23,307 | -7.4% |
| Equity | 10/15 | €127,526 | €140,966 | +€13,440 | +10.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €125,526 | €138,966 | +€13,440 | +10.7% |
| Amounts payable | 17/49 | €187,096 | €150,349 | -€36,747 | -19.6% |
| Amounts payable after more than one year | 17 | €28,617 | €10,177 | -€18,440 | -64.4% |
| Financial debts | 170/4 | €28,617 | €10,177 | -€18,440 | -64.4% |
| Amounts payable within one year | 42/48 | €145,496 | €140,172 | -€5,324 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €17,774 | €18,440 | +€666 | +3.7% |
| Trade debts | 44 | €85,929 | €83,423 | -€2,506 | -2.9% |
| Suppliers | 440/4 | €85,929 | €83,423 | -€2,506 | -2.9% |
| Taxes, remuneration and social security | 45 | €39,414 | €38,309 | -€1,105 | -2.8% |
| Taxes | 450/3 | €7,308 | €23,229 | +€15,922 | +217.9% |
| Remuneration and social security | 454/9 | €32,106 | €15,079 | -€17,026 | -53.0% |
| Other amounts payable | 47/48 | €2,379 | - | -€2,379 | |
| Accrued charges and deferred income | 492/3 | €12,984 | - | -€12,984 | |
| Remuneration, social security and pensions | 62 | €362,004 | €313,080 | -€48,924 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,025 | €21,324 | -€14,701 | -40.8% |
| Other operating charges | 640/8 | €5,389 | €15,220 | +€9,831 | +182.4% |
| Gross operating margin | 9900 | €342,916 | €392,611 | +€49,696 | +14.5% |
| Operating profit (loss) | 9901 | -€60,502 | €42,987 | +€103,489 | |
| Financial income | 75/76B | €153 | €1,120 | +€967 | +632.3% |
| Recurring financial income | 75 | €153 | €1,120 | +€967 | +632.3% |
| Financial charges | 65/66B | €9,937 | €6,884 | -€3,053 | -30.7% |
| Recurring financial charges | 65 | €9,937 | €6,884 | -€3,053 | -30.7% |
| Profit (loss) for the period before taxes | 9903 | -€70,286 | €37,223 | +€107,509 | |
| Income taxes | 67/77 | €673 | €715 | +€43 | +6.3% |
| Profit (loss) for the period | 9904 | -€70,959 | €36,508 | +€107,467 | |
| Profit (loss) for the period to be appropriated | 9905 | -€70,959 | €36,508 | +€107,467 |
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.