SINJALO: 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.
SINJALO
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€23,710
down €23,710 (-59.6%), from €39,775 to €16,065
of which Trade receivables: -€20,062
- Cash +€11,934
up €11,934 (+10.5%), from €114,054 to €125,988
mainly Net result for the year (+€33,098) and Receivables within one year (+€23,710)
- Tangible fixed assets -€11,479
down €11,479 (-7.0%), from €165,127 to €153,648
of which Furniture and vehicles: -€10,947
- Deferred charges and accrued income -€6,044
down €6,044 (-91.8%), from €6,584 to €540
- Reserves +€33,098
up €33,098 (+11.5%), from €288,125 to €321,223
of which Distributable reserves: +€33,098
- Trade debts -€12,555
down €12,555 (-89.8%), from €13,982 to €1,427
- Gross operating margin -€1,238
down €1,238 (-2.1%), from €60,291 to €59,053
- Financial income +€612
up €612 (+179.2%), from €342 to €954
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 | €327,940 | €348,641 | +€20,702 | +6.3% |
| Fixed assets | 21/28 | €167,527 | €156,048 | -€11,479 | -6.9% |
| Tangible fixed assets | 22/27 | €165,127 | €153,648 | -€11,479 | -7.0% |
| Land and buildings | 22 | €133,000 | €133,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,669 | €1,138 | -€531 | -31.8% |
| Furniture and vehicles | 24 | €30,458 | €19,510 | -€10,947 | -35.9% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €160,413 | €192,593 | +€32,181 | +20.1% |
| Amounts receivable within one year | 40/41 | €39,775 | €16,065 | -€23,710 | -59.6% |
| Trade receivables | 40 | €36,127 | €16,065 | -€20,062 | -55.5% |
| Other amounts receivable | 41 | €3,648 | - | -€3,648 | |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €114,054 | €125,988 | +€11,934 | +10.5% |
| Deferred charges and accrued income | 490/1 | €6,584 | €540 | -€6,044 | -91.8% |
| Total equity and liabilities | 10/49 | €327,940 | €348,641 | +€20,702 | +6.3% |
| Equity | 10/15 | €300,525 | €333,623 | +€33,098 | +11.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €288,125 | €321,223 | +€33,098 | +11.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €16,486 | €16,486 | = | 0.0% |
| Distributable reserves | 133 | €269,784 | €302,882 | +€33,098 | +12.3% |
| Amounts payable | 17/49 | €27,415 | €15,019 | -€12,396 | -45.2% |
| Amounts payable within one year | 42/48 | €27,415 | €15,019 | -€12,396 | -45.2% |
| Trade debts | 44 | €13,982 | €1,427 | -€12,555 | -89.8% |
| Suppliers | 440/4 | €13,982 | €1,427 | -€12,555 | -89.8% |
| Taxes, remuneration and social security | 45 | €10,984 | €12,903 | +€1,919 | +17.5% |
| Taxes | 450/3 | €10,984 | €12,903 | +€1,919 | +17.5% |
| Other amounts payable | 47/48 | €2,449 | €689 | -€1,760 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,793 | €13,009 | +€216 | +1.7% |
| Other operating charges | 640/8 | €528 | €614 | +€86 | +16.3% |
| Gross operating margin | 9900 | €60,291 | €59,053 | -€1,238 | -2.1% |
| Operating profit (loss) | 9901 | €46,970 | €45,430 | -€1,540 | -3.3% |
| Financial income | 75/76B | €342 | €954 | +€612 | +179.2% |
| Recurring financial income | 75 | €342 | €954 | +€612 | +179.2% |
| Financial charges | 65/66B | €181 | €217 | +€36 | +19.8% |
| Recurring financial charges | 65 | €181 | €217 | +€36 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €47,131 | €46,167 | -€964 | -2.0% |
| Income taxes | 67/77 | €13,392 | €13,069 | -€323 | -2.4% |
| Profit (loss) for the period | 9904 | €33,739 | €33,098 | -€641 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,739 | €33,098 | -€641 | -1.9% |
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 2 October 2026 via checked.be.