SINOBELUX: 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.
SINOBELUX
Largest movements
- Cash +€34,295
up €34,295 (+123.0%), from €27,889 to €62,185
mainly Depreciation (+€30,118) and Deferred charges and accrued income (+€30,000)
- Deferred charges and accrued income -€30,000
no longer reported in 2025 (was €30,000)
- Tangible fixed assets -€24,949
down €24,949 (-12.5%), from €199,859 to €174,910
of which Land and buildings: -€15,516
- Other debts -€47,756
down €47,756 (-73.7%), from €64,759 to €17,003
- Trade debts +€21,992
up €21,992 (+5829.0%), from €377 to €22,369
- Reserves +€16,890
up €16,890 (+10.6%), from €158,772 to €175,662
of which Distributable reserves: +€16,890
- Tax, wage and social debts -€13,476
down €13,476 (-52.9%), from €25,492 to €12,016
- Gross operating margin -€28,555
down €28,555 (-24.5%), from €116,690 to €88,135
- Staff costs +€24,716
new in 2025: €24,716
- Depreciation -€12,561
down €12,561 (-29.4%), from €42,679 to €30,118
- Taxes -€7,051
down €7,051 (-37.0%), from €19,049 to €11,998
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 | €268,000 | €246,550 | -€21,450 | -8.0% |
| Fixed assets | 21/28 | €199,859 | €174,910 | -€24,949 | -12.5% |
| Tangible fixed assets | 22/27 | €199,859 | €174,910 | -€24,949 | -12.5% |
| Land and buildings | 22 | €151,641 | €136,125 | -€15,516 | -10.2% |
| Plant, machinery and equipment | 23 | €41,548 | €32,935 | -€8,613 | -20.7% |
| Furniture and vehicles | 24 | €6,669 | €5,850 | -€820 | -12.3% |
| Current assets | 29/58 | €68,142 | €71,640 | +€3,498 | +5.1% |
| Amounts receivable within one year | 40/41 | €10,252 | €9,455 | -€797 | -7.8% |
| Trade receivables | 40 | - | €6,080 | +€6,080 | |
| Other amounts receivable | 41 | €10,252 | €3,375 | -€6,877 | -67.1% |
| Cash at bank and in hand | 54/58 | €27,889 | €62,185 | +€34,295 | +123.0% |
| Deferred charges and accrued income | 490/1 | €30,000 | - | -€30,000 | |
| Total equity and liabilities | 10/49 | €268,000 | €246,550 | -€21,450 | -8.0% |
| Equity | 10/15 | €177,372 | €194,262 | +€16,890 | +9.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €158,772 | €175,662 | +€16,890 | +10.6% |
| Tax-exempt reserves | 132 | €733 | €733 | = | 0.0% |
| Distributable reserves | 133 | €158,039 | €174,929 | +€16,890 | +10.7% |
| Amounts payable | 17/49 | €90,628 | €52,288 | -€38,340 | -42.3% |
| Amounts payable within one year | 42/48 | €90,628 | €52,288 | -€38,340 | -42.3% |
| Trade debts | 44 | €377 | €22,369 | +€21,992 | +5829.0% |
| Suppliers | 440/4 | €377 | €22,369 | +€21,992 | +5829.0% |
| Advances received on contracts in progress | 46 | - | €900 | +€900 | |
| Taxes, remuneration and social security | 45 | €25,492 | €12,016 | -€13,476 | -52.9% |
| Taxes | 450/3 | €25,492 | €12,016 | -€13,476 | -52.9% |
| Other amounts payable | 47/48 | €64,759 | €17,003 | -€47,756 | -73.7% |
| Remuneration, social security and pensions | 62 | - | €24,716 | +€24,716 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,679 | €30,118 | -€12,561 | -29.4% |
| Other operating charges | 640/8 | €3,890 | €3,787 | -€103 | -2.7% |
| Gross operating margin | 9900 | €116,690 | €88,135 | -€28,555 | -24.5% |
| Operating profit (loss) | 9901 | €70,121 | €29,514 | -€40,608 | -57.9% |
| Financial income | 75/76B | €939 | €3 | -€936 | -99.7% |
| Recurring financial income | 75 | €939 | €3 | -€936 | -99.7% |
| Financial charges | 65/66B | €1,124 | €629 | -€495 | -44.1% |
| Recurring financial charges | 65 | €1,124 | €629 | -€495 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €69,937 | €28,888 | -€41,049 | -58.7% |
| Income taxes | 67/77 | €19,049 | €11,998 | -€7,051 | -37.0% |
| Profit (loss) for the period | 9904 | €50,887 | €16,890 | -€33,997 | -66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €50,887 | €16,890 | -€33,997 | -66.8% |
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 6 October 2026 via checked.be.