Sinitex: 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.
Sinitex
Largest movements
- Cash +€79,130
up €79,130 (+11.1%), from €714,187 to €793,318
mainly Accrued charges and deferred income (+€193,264) and Depreciation (+€149,882)
- Current investments -€68,069
down €68,069 (-1.8%), from €3.8m to €3.7m
- Other debts -€315,231
down €315,231 (-11.2%), from €2.8m to €2.5m
- Accrued charges and deferred income +€193,264
up €193,264 (+98.6%), from €195,932 to €389,196
- Reserves +€128,704
up €128,704 (+4.3%), from €3.0m to €3.1m
of which Distributable reserves: +€220,552
- Financial income +€247,954
up €247,954 (+868.4%), from €28,553 to €276,507
- Financial charges +€54,181
up €54,181 (+35.3%), from €153,632 to €207,814
- Taxes +€37,661
up €37,661 (+48.6%), from €77,518 to €115,179
- Other operating charges +€20,994
up €20,994 (+86.2%), from €24,362 to €45,356
- Gross operating margin +€15,712
up €15,712 (+4.8%), from €324,100 to €339,812
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 | €6,517,904 | €6,497,297 | -€20,607 | -0.3% |
| Fixed assets | 21/28 | €1,953,003 | €1,942,107 | -€10,896 | -0.6% |
| Tangible fixed assets | 22/27 | €1,952,017 | €1,941,121 | -€10,896 | -0.6% |
| Land and buildings | 22 | €1,952,017 | €1,941,121 | -€10,896 | -0.6% |
| Financial fixed assets | 28 | €986 | €986 | = | 0.0% |
| Current assets | 29/58 | €4,564,902 | €4,555,190 | -€9,711 | -0.2% |
| Amounts receivable within one year | 40/41 | €77,169 | €53,238 | -€23,930 | -31.0% |
| Other amounts receivable | 41 | €77,169 | €53,238 | -€23,930 | -31.0% |
| Current investments | 50/53 | €3,773,545 | €3,705,476 | -€68,069 | -1.8% |
| Cash at bank and in hand | 54/58 | €714,187 | €793,318 | +€79,130 | +11.1% |
| Deferred charges and accrued income | 490/1 | - | €3,158 | +€3,158 | |
| Total equity and liabilities | 10/49 | €6,517,904 | €6,497,297 | -€20,607 | -0.3% |
| Equity | 10/15 | €2,894,040 | €3,022,745 | +€128,704 | +4.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,963,726 | €3,092,431 | +€128,704 | +4.3% |
| Non-distributable reserves | 130/1 | €329,431 | €329,431 | = | 0.0% |
| Reserves not available under the articles | 1311 | €326,457 | €326,457 | = | 0.0% |
| Other | 1319 | €2,975 | €2,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,449,969 | €1,358,122 | -€91,847 | -6.3% |
| Distributable reserves | 133 | €1,184,326 | €1,404,878 | +€220,552 | +18.6% |
| Profit (loss) carried forward | 14 | -€131,186 | -€131,186 | = | 0.0% |
| Provisions and deferred taxes | 16 | €292,936 | €262,320 | -€30,616 | -10.5% |
| Deferred taxes | 168 | €292,936 | €262,320 | -€30,616 | -10.5% |
| Amounts payable | 17/49 | €3,330,928 | €3,212,232 | -€118,696 | -3.6% |
| Amounts payable after more than one year | 17 | €237,044 | €191,885 | -€45,159 | -19.1% |
| Financial debts | 170/4 | €235,008 | €189,849 | -€45,159 | -19.2% |
| Other amounts payable | 178/9 | €2,036 | €2,036 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,897,952 | €2,631,151 | -€266,801 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €44,273 | €45,159 | +€885 | +2.0% |
| Financial debts | 43 | €0 | €0 | -€0 | -100.0% |
| Credit institutions | 430/8 | €0 | €0 | -€0 | -100.0% |
| Trade debts | 44 | €43,433 | €40,025 | -€3,408 | -7.8% |
| Suppliers | 440/4 | €43,433 | €40,025 | -€3,408 | -7.8% |
| Taxes, remuneration and social security | 45 | - | €50,953 | +€50,953 | |
| Taxes | 450/3 | - | €50,953 | +€50,953 | |
| Other amounts payable | 47/48 | €2,810,245 | €2,495,015 | -€315,231 | -11.2% |
| Accrued charges and deferred income | 492/3 | €195,932 | €389,196 | +€193,264 | +98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,600 | €149,882 | +€7,282 | +5.1% |
| Other operating charges | 640/8 | €24,362 | €45,356 | +€20,994 | +86.2% |
| Gross operating margin | 9900 | €324,100 | €339,812 | +€15,712 | +4.8% |
| Operating profit (loss) | 9901 | €157,137 | €144,574 | -€12,563 | -8.0% |
| Financial income | 75/76B | €28,553 | €276,507 | +€247,954 | +868.4% |
| Recurring financial income | 75 | €28,553 | €276,507 | +€247,954 | +868.4% |
| Financial charges | 65/66B | €153,632 | €207,814 | +€54,181 | +35.3% |
| Recurring financial charges | 65 | €153,632 | €207,814 | +€54,181 | +35.3% |
| Profit (loss) for the period before taxes | 9903 | €32,058 | €213,268 | +€181,210 | +565.3% |
| Transfer from deferred taxes | 780 | €28,795 | €30,616 | +€1,820 | +6.3% |
| Income taxes | 67/77 | €77,518 | €115,179 | +€37,661 | +48.6% |
| Profit (loss) for the period | 9904 | -€16,665 | €128,704 | +€145,369 | |
| Transfer from tax-exempt reserves | 789 | €86,386 | €91,847 | +€5,461 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €69,721 | €220,552 | +€150,831 | +216.3% |
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 11 October 2026 via checked.be.