SINNAEVE: 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.
SINNAEVE
Largest movements
- Cash -€5,459
down €5,459 (-26.8%), from €20,390 to €14,930
mainly Net result for the year (-€10,475) and Receivables within one year (-€943)
- Tangible fixed assets -€3,921
down €3,921 (-7.3%), from €53,543 to €49,622
- Reserves -€10,475
down €10,475 (-6.5%), from €159,953 to €149,477
of which Distributable reserves: -€10,475
- Staff costs +€999
up €999 (+5.5%), from €18,198 to €19,197
- Gross operating margin +€964
up €964 (+7.3%), from €13,172 to €14,136
- Financial income -€520
down €520 (-84.9%), from €613 to €93
- Other operating charges +€273
up €273 (+22.2%), from €1,230 to €1,503
- Depreciation -€229
down €229 (-5.5%), from €4,150 to €3,921
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 | €226,201 | €216,821 | -€9,381 | -4.1% |
| Fixed assets | 21/28 | €54,293 | €50,372 | -€3,921 | -7.2% |
| Tangible fixed assets | 22/27 | €53,543 | €49,622 | -€3,921 | -7.3% |
| Land and buildings | 22 | €53,543 | €49,622 | -€3,921 | -7.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €171,908 | €166,448 | -€5,460 | -3.2% |
| Amounts receivable within one year | 40/41 | €150,014 | €150,957 | +€943 | +0.6% |
| Other amounts receivable | 41 | €150,014 | €150,957 | +€943 | +0.6% |
| Cash at bank and in hand | 54/58 | €20,390 | €14,930 | -€5,459 | -26.8% |
| Deferred charges and accrued income | 490/1 | €1,505 | €561 | -€944 | -62.7% |
| Total equity and liabilities | 10/49 | €226,201 | €216,821 | -€9,381 | -4.1% |
| Equity | 10/15 | €221,453 | €210,977 | -€10,475 | -4.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €159,953 | €149,477 | -€10,475 | -6.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €153,803 | €143,327 | -€10,475 | -6.8% |
| Amounts payable | 17/49 | €4,749 | €5,843 | +€1,095 | +23.1% |
| Amounts payable after more than one year | 17 | €3,358 | €3,303 | -€55 | -1.6% |
| Other amounts payable | 178/9 | €3,358 | €3,303 | -€55 | -1.6% |
| Amounts payable within one year | 42/48 | €1,390 | €2,540 | +€1,150 | +82.7% |
| Trade debts | 44 | €78 | €1,141 | +€1,063 | +1356.8% |
| Suppliers | 440/4 | €78 | €1,141 | +€1,063 | +1356.8% |
| Taxes, remuneration and social security | 45 | €1,312 | €1,399 | +€87 | +6.6% |
| Remuneration and social security | 454/9 | €1,312 | €1,399 | +€87 | +6.6% |
| Remuneration, social security and pensions | 62 | €18,198 | €19,197 | +€999 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,150 | €3,921 | -€229 | -5.5% |
| Other operating charges | 640/8 | €1,230 | €1,503 | +€273 | +22.2% |
| Gross operating margin | 9900 | €13,172 | €14,136 | +€964 | +7.3% |
| Operating profit (loss) | 9901 | -€10,406 | -€10,485 | -€79 | -0.8% |
| Financial income | 75/76B | €613 | €93 | -€520 | -84.9% |
| Recurring financial income | 75 | €613 | €93 | -€520 | -84.9% |
| Financial charges | 65/66B | €62 | €82 | +€20 | +32.1% |
| Recurring financial charges | 65 | €62 | €82 | +€20 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,856 | -€10,475 | -€619 | -6.3% |
| Profit (loss) for the period | 9904 | -€9,856 | -€10,475 | -€619 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,856 | -€10,475 | -€619 | -6.3% |
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 5 October 2026 via checked.be.