SINNEK: 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.
SINNEK
Largest movements
- Receivables within one year +€191,358
up €191,358 (+1970.6%), from €9,711 to €201,069
of which Other amounts receivable: +€133,192
- Cash -€108,051
down €108,051 (-36.8%), from €293,745 to €185,694
mainly Receivables within one year (-€191,358) and Other debts (-€24,173)
- Receivables after one year -€18,274
down €18,274 (-7.6%), from €240,835 to €222,561
- Deferred charges and accrued income -€7,757
down €7,757 (-92.0%), from €8,431 to €675
- Reserves +€72,684
up €72,684 (+11.7%), from €623,156 to €695,841
- Other debts -€24,173
down €24,173 (-68.8%), from €35,117 to €10,944
- Gross operating margin +€102,416
up €102,416, from -€10,355 to €92,061
- Depreciation -€12,185
down €12,185 (-67.5%), from €18,061 to €5,876
- Taxes +€8,363
up €8,363 (+9291911.1%), from €0 to €8,363
- Financial income -€5,232
down €5,232 (-44.1%), from €11,874 to €6,642
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 | €688,612 | €743,449 | +€54,837 | +8.0% |
| Fixed assets | 21/28 | €17,130 | €14,690 | -€2,440 | -14.2% |
| Tangible fixed assets | 22/27 | €17,130 | €14,690 | -€2,440 | -14.2% |
| Land and buildings | 22 | €9,152 | €7,991 | -€1,161 | -12.7% |
| Plant, machinery and equipment | 23 | €4,512 | €2,778 | -€1,735 | -38.4% |
| Furniture and vehicles | 24 | €3,466 | €3,921 | +€455 | +13.1% |
| Current assets | 29/58 | €671,482 | €728,759 | +€57,277 | +8.5% |
| Amounts receivable after more than one year | 29 | €240,835 | €222,561 | -€18,274 | -7.6% |
| Other amounts receivable | 291 | €240,835 | €222,561 | -€18,274 | -7.6% |
| Amounts receivable within one year | 40/41 | €9,711 | €201,069 | +€191,358 | +1970.6% |
| Trade receivables | 40 | €9,666 | €67,832 | +€58,166 | +601.7% |
| Other amounts receivable | 41 | €44 | €133,236 | +€133,192 | +300658.9% |
| Current investments | 50/53 | €118,760 | €118,760 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €293,745 | €185,694 | -€108,051 | -36.8% |
| Deferred charges and accrued income | 490/1 | €8,431 | €675 | -€7,757 | -92.0% |
| Total equity and liabilities | 10/49 | €688,612 | €743,449 | +€54,837 | +8.0% |
| Equity | 10/15 | €641,706 | €714,391 | +€72,684 | +11.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €623,156 | €695,841 | +€72,684 | +11.7% |
| Distributable reserves | 133 | €623,156 | €695,841 | +€72,684 | +11.7% |
| Amounts payable | 17/49 | €46,905 | €29,058 | -€17,847 | -38.0% |
| Amounts payable within one year | 42/48 | €46,905 | €29,058 | -€17,847 | -38.0% |
| Trade debts | 44 | €1,958 | €2,168 | +€211 | +10.8% |
| Suppliers | 440/4 | €1,958 | €2,168 | +€211 | +10.8% |
| Taxes, remuneration and social security | 45 | €9,831 | €15,946 | +€6,115 | +62.2% |
| Taxes | 450/3 | €7,831 | €13,946 | +€6,115 | +78.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €35,117 | €10,944 | -€24,173 | -68.8% |
| Non-recurring operating income | 76A | - | €120,000 | +€120,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,061 | €5,876 | -€12,185 | -67.5% |
| Other operating charges | 640/8 | €1,551 | €675 | -€876 | -56.5% |
| Gross operating margin | 9900 | -€10,355 | €92,061 | +€102,416 | |
| Operating profit (loss) | 9901 | -€29,967 | €85,510 | +€115,477 | |
| Financial income | 75/76B | €11,874 | €6,642 | -€5,232 | -44.1% |
| Recurring financial income | 75 | €11,874 | €6,642 | -€5,232 | -44.1% |
| Financial charges | 65/66B | €138 | €161 | +€23 | +17.1% |
| Recurring financial charges | 65 | €138 | €161 | +€23 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | -€18,230 | €91,991 | +€110,221 | |
| Income taxes | 67/77 | €0 | €8,363 | +€8,363 | +9291911.1% |
| Profit (loss) for the period | 9904 | -€18,230 | €83,628 | +€101,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,230 | €83,628 | +€101,858 |
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 1 October 2026 via checked.be.