SINNAEVE INVEST: 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 INVEST
Largest movements
- Current investments +€165,215
up €165,215 (+330%), from €50,000 to €215,215
- Cash +€156,202
up €156,202 (+435%), from €35,910 to €192,112
mainly Net result for the year (+€268,430) and Investment in fixed assets (net) (+€115,349)
- Tangible fixed assets -€148,337
down €148,337 (-15.2%), from €976,924 to €828,587
of which Land and buildings: -€136,415
- Receivables within one year +€31,819
new in 2025: €31,819
- Reserves +€193,430
up €193,430 (+19.9%), from €974,355 to €1.2m
- Gross operating margin +€71,664
up €71,664 (+22.5%), from €318,802 to €390,466
- Depreciation -€58,287
down €58,287 (-63.9%), from €91,275 to €32,987
- Taxes +€30,671
up €30,671 (+57.0%), from €53,799 to €84,470
- Financial income -€4,046
down €4,046 (-76.9%), from €5,262 to €1,216
of which Financial income: -€2,529
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 | €1,065,488 | €1,270,786 | +€205,298 | +19.3% |
| Fixed assets | 21/28 | €976,924 | €828,587 | -€148,337 | -15.2% |
| Tangible fixed assets | 22/27 | €976,924 | €828,587 | -€148,337 | -15.2% |
| Land and buildings | 22 | €962,916 | €826,501 | -€136,415 | -14.2% |
| Furniture and vehicles | 24 | €14,008 | €2,087 | -€11,922 | -85.1% |
| Current assets | 29/58 | €88,564 | €442,199 | +€353,635 | +399% |
| Amounts receivable within one year | 40/41 | - | €31,819 | +€31,819 | |
| Other amounts receivable | 41 | - | €31,819 | +€31,819 | |
| Current investments | 50/53 | €50,000 | €215,215 | +€165,215 | +330% |
| Cash at bank and in hand | 54/58 | €35,910 | €192,112 | +€156,202 | +435% |
| Deferred charges and accrued income | 490/1 | €2,654 | €3,053 | +€399 | +15.0% |
| Total equity and liabilities | 10/49 | €1,065,488 | €1,270,786 | +€205,298 | +19.3% |
| Equity | 10/15 | €1,020,587 | €1,224,581 | +€203,995 | +20.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Revaluation surpluses | 12 | €27,682 | €38,246 | +€10,565 | +38.2% |
| Reserves | 13 | €974,355 | €1,167,785 | +€193,430 | +19.9% |
| Distributable reserves | 133 | €974,355 | €1,167,785 | +€193,430 | +19.9% |
| Amounts payable | 17/49 | €44,901 | €46,205 | +€1,303 | +2.9% |
| Amounts payable within one year | 42/48 | €44,475 | €45,121 | +€647 | +1.5% |
| Trade debts | 44 | €1,382 | €1,562 | +€180 | +13.0% |
| Suppliers | 440/4 | €1,382 | €1,562 | +€180 | +13.0% |
| Taxes, remuneration and social security | 45 | €19,976 | €26,905 | +€6,928 | +34.7% |
| Taxes | 450/3 | €19,976 | €26,905 | +€6,928 | +34.7% |
| Other amounts payable | 47/48 | €23,116 | €16,655 | -€6,461 | -28.0% |
| Accrued charges and deferred income | 492/3 | €427 | €1,083 | +€657 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €91,275 | €32,987 | -€58,287 | -63.9% |
| Other operating charges | 640/8 | €3,832 | €4,144 | +€312 | +8.1% |
| Gross operating margin | 9900 | €318,802 | €390,466 | +€71,664 | +22.5% |
| Operating profit (loss) | 9901 | €223,695 | €353,335 | +€129,639 | +58.0% |
| Financial income | 75/76B | €5,262 | €1,216 | -€4,046 | -76.9% |
| Recurring financial income | 75 | €3,745 | €1,216 | -€2,529 | -67.5% |
| Non-recurring financial income | 76B | €1,517 | - | -€1,517 | |
| Financial charges | 65/66B | €787 | €1,651 | +€864 | +110% |
| Recurring financial charges | 65 | €787 | €1,651 | +€864 | +110% |
| Profit (loss) for the period before taxes | 9903 | €228,170 | €352,900 | +€124,730 | +54.7% |
| Income taxes | 67/77 | €53,799 | €84,470 | +€30,671 | +57.0% |
| Profit (loss) for the period | 9904 | €174,371 | €268,430 | +€94,059 | +53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,371 | €268,430 | +€94,059 | +53.9% |
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 29 October 2026 via checked.be.