Sinnaeve Technical Consulting: 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 Technical Consulting
Largest movements
- Cash +€213,545
up €213,545 (+88.8%), from €240,570 to €454,114
mainly Net result for the year (+€208,854) and Current investments (+€63,000)
- Current investments -€63,000
down €63,000 (-16.2%), from €389,000 to €326,000
- Receivables within one year -€24,365
down €24,365 (-35.6%), from €68,386 to €44,021
of which Trade receivables: -€33,740
- Reserves +€134,260
up €134,260 (+15.4%), from €870,467 to €1.0m
of which Distributable reserves: +€134,260
- Trade debts -€21,893
down €21,893 (-80.2%), from €27,312 to €5,419
- Current portion of long-term debt -€12,631
down €12,631 (-100%), from €12,631 to €0
- Gross operating margin +€14,326
up €14,326 (+3.8%), from €381,997 to €396,323
- Depreciation +€5,899
up €5,899 (+19.9%), from €29,652 to €35,552
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 | €1,024,378 | €1,133,195 | +€108,817 | +10.6% |
| Fixed assets | 21/28 | €67,423 | €62,330 | -€5,092 | -7.6% |
| Tangible fixed assets | 22/27 | €67,423 | €62,330 | -€5,092 | -7.6% |
| Land and buildings | 22 | €23,625 | €11,749 | -€11,876 | -50.3% |
| Plant, machinery and equipment | 23 | €23,662 | €35,460 | +€11,798 | +49.9% |
| Furniture and vehicles | 24 | €3,893 | €718 | -€3,174 | -81.5% |
| Other tangible fixed assets | 26 | €16,243 | €14,403 | -€1,840 | -11.3% |
| Current assets | 29/58 | €956,955 | €1,070,864 | +€113,909 | +11.9% |
| Stocks and contracts in progress | 3 | €256,947 | €246,666 | -€10,280 | -4.0% |
| Stocks | 30/36 | €256,947 | €246,666 | -€10,280 | -4.0% |
| Amounts receivable within one year | 40/41 | €68,386 | €44,021 | -€24,365 | -35.6% |
| Trade receivables | 40 | €64,607 | €30,867 | -€33,740 | -52.2% |
| Other amounts receivable | 41 | €3,779 | €13,154 | +€9,375 | +248% |
| Current investments | 50/53 | €389,000 | €326,000 | -€63,000 | -16.2% |
| Cash at bank and in hand | 54/58 | €240,570 | €454,114 | +€213,545 | +88.8% |
| Deferred charges and accrued income | 490/1 | €2,053 | €63 | -€1,990 | -96.9% |
| Total equity and liabilities | 10/49 | €1,024,378 | €1,133,195 | +€108,817 | +10.6% |
| Equity | 10/15 | €876,667 | €1,010,928 | +€134,260 | +15.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €870,467 | €1,004,728 | +€134,260 | +15.4% |
| Tax-exempt reserves | 132 | €56,801 | €56,801 | = | 0.0% |
| Distributable reserves | 133 | €813,667 | €947,927 | +€134,260 | +16.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €147,710 | €122,267 | -€25,443 | -17.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €143,941 | €118,906 | -€25,035 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €12,631 | €0 | -€12,631 | -100% |
| Trade debts | 44 | €27,312 | €5,419 | -€21,893 | -80.2% |
| Suppliers | 440/4 | €27,312 | €5,419 | -€21,893 | -80.2% |
| Taxes, remuneration and social security | 45 | €44,309 | €53,710 | +€9,401 | +21.2% |
| Taxes | 450/3 | €35,042 | €44,186 | +€9,144 | +26.1% |
| Remuneration and social security | 454/9 | €9,268 | €9,524 | +€257 | +2.8% |
| Other amounts payable | 47/48 | €59,689 | €59,777 | +€88 | +0.1% |
| Accrued charges and deferred income | 492/3 | €3,770 | €3,361 | -€408 | -10.8% |
| Non-recurring operating income | 76A | €0 | €241 | +€241 | |
| Remuneration, social security and pensions | 62 | €58,067 | €60,199 | +€2,132 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,652 | €35,552 | +€5,899 | +19.9% |
| Other operating charges | 640/8 | €6,535 | €5,022 | -€1,514 | -23.2% |
| Gross operating margin | 9900 | €381,997 | €396,323 | +€14,326 | +3.8% |
| Operating profit (loss) | 9901 | €287,742 | €295,550 | +€7,808 | +2.7% |
| Financial income | 75/76B | €8,189 | €9,690 | +€1,501 | +18.3% |
| Recurring financial income | 75 | €8,189 | €9,690 | +€1,501 | +18.3% |
| Financial charges | 65/66B | €5,854 | €5,397 | -€456 | -7.8% |
| Recurring financial charges | 65 | €5,854 | €5,397 | -€456 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €290,078 | €299,843 | +€9,766 | +3.4% |
| Income taxes | 67/77 | €88,805 | €90,990 | +€2,185 | +2.5% |
| Profit (loss) for the period | 9904 | €201,273 | €208,854 | +€7,581 | +3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €201,273 | €208,854 | +€7,581 | +3.8% |
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 23 October 2026 via checked.be.