SINNAEVE D.: 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.
SINNAEVE D.
Largest movements
- Receivables within one year +€37,785
up €37,785 (+25.2%), from €149,672 to €187,456
of which Trade receivables: +€37,785
- Cash +€2,674
up €2,674 (+234%), from €1,142 to €3,816
mainly Trade debts (+€16,423) and Tax, wage and social debts (+€15,900)
- Trade debts +€16,423
up €16,423 (+80.0%), from €20,532 to €36,955
- Tax, wage and social debts +€15,900
up €15,900 (+51.8%), from €30,687 to €46,587
of which Taxes: +€11,504
- Reserves +€10,132
up €10,132 (+9.5%), from €106,894 to €117,026
of which Distributable reserves: +€10,132
- Other debts -€2,917
down €2,917 (-98.5%), from €2,963 to €45
- Taxes +€4,434
up €4,434, from -€348 to €4,085
- Gross operating margin -€1,355
down €1,355 (-7.8%), from €17,463 to €16,109
- Financial charges -€1,310
down €1,310 (-78.3%), from €1,672 to €363
- Other operating charges -€485
down €485 (-24.1%), from €2,015 to €1,529
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 | €167,275 | €207,734 | +€40,458 | +24.2% |
| Fixed assets | 21/28 | €16,462 | €16,462 | = | 0.0% |
| Financial fixed assets | 28 | €16,462 | €16,462 | = | 0.0% |
| Current assets | 29/58 | €150,814 | €191,272 | +€40,458 | +26.8% |
| Amounts receivable within one year | 40/41 | €149,672 | €187,456 | +€37,785 | +25.2% |
| Trade receivables | 40 | €72,720 | €110,505 | +€37,785 | +52.0% |
| Other amounts receivable | 41 | €76,951 | €76,951 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,142 | €3,816 | +€2,674 | +234% |
| Total equity and liabilities | 10/49 | €167,275 | €207,734 | +€40,458 | +24.2% |
| Equity | 10/15 | €113,094 | €123,226 | +€10,132 | +9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,894 | €117,026 | +€10,132 | +9.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €105,034 | €115,166 | +€10,132 | +9.6% |
| Amounts payable | 17/49 | €54,182 | €84,508 | +€30,326 | +56.0% |
| Amounts payable within one year | 42/48 | €54,182 | €84,508 | +€30,326 | +56.0% |
| Current portion of amounts payable after more than one year | 42 | - | €920 | +€920 | |
| Trade debts | 44 | €20,532 | €36,955 | +€16,423 | +80.0% |
| Suppliers | 440/4 | €20,532 | €36,955 | +€16,423 | +80.0% |
| Taxes, remuneration and social security | 45 | €30,687 | €46,587 | +€15,900 | +51.8% |
| Taxes | 450/3 | €28,337 | €39,841 | +€11,504 | +40.6% |
| Remuneration and social security | 454/9 | €2,350 | €6,746 | +€4,396 | +187% |
| Other amounts payable | 47/48 | €2,963 | €45 | -€2,917 | -98.5% |
| Non-recurring operating income | 76A | €5,936 | - | -€5,936 | |
| Other operating charges | 640/8 | €2,015 | €1,529 | -€485 | -24.1% |
| Gross operating margin | 9900 | €17,463 | €16,109 | -€1,355 | -7.8% |
| Operating profit (loss) | 9901 | €15,448 | €14,579 | -€869 | -5.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +500% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +500% |
| Financial charges | 65/66B | €1,672 | €363 | -€1,310 | -78.3% |
| Recurring financial charges | 65 | €1,672 | €363 | -€1,310 | -78.3% |
| Profit (loss) for the period before taxes | 9903 | €13,776 | €14,217 | +€441 | +3.2% |
| Income taxes | 67/77 | -€348 | €4,085 | +€4,434 | |
| Profit (loss) for the period | 9904 | €14,124 | €10,132 | -€3,992 | -28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,124 | €10,132 | -€3,992 | -28.3% |
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 14 October 2026 via checked.be.