SINODEL: 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.
SINODEL
Largest movements
- Financial fixed assets +€1.0m
up €1.0m (+13.1%), from €7.7m to €8.7m
of which Other financial fixed assets: +€1.0m
- Current investments -€1.0m
down €1.0m (-100.0%), from €1.0m to €0
- Cash -€273,481
down €273,481 (-52.7%), from €518,720 to €245,239
mainly Other debts (-€1.2m) and Investment in fixed assets (net) (-€1.0m)
- Other debts -€1.2m
down €1.2m (-75.7%), from €1.6m to €390,595
- Profit (loss) carried forward +€963,937
up €963,937 (+11.9%), from €8.1m to €9.0m
- Financial income +€390,716
up €390,716 (+759.1%), from €51,471 to €442,186
of which Financial income: +€410,661
- Turnover +€158,645
up €158,645 (+18.8%), from €843,106 to €1.0m
- Taxes +€44,294
up €44,294 (+31.4%), from €141,188 to €185,482
of which Taxes: +€44,294
- Financial charges -€34,776
down €34,776 (-25.3%), from €137,620 to €102,844
of which Financial charges: -€34,776
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 | €10,477,243 | €10,227,672 | -€249,571 | -2.4% |
| Fixed assets | 21/28 | €7,655,260 | €8,655,260 | +€1.0m | +13.1% |
| Financial fixed assets | 28 | €7,655,260 | €8,655,260 | +€1.0m | +13.1% |
| Affiliated companies | 280/1 | €7,655,260 | €7,655,260 | = | 0.0% |
| Participating interests | 280 | €7,655,260 | €7,655,260 | = | 0.0% |
| Other financial fixed assets | 284/8 | - | €1,000,000 | +€1.0m | |
| Amounts receivable and cash guarantees | 285/8 | - | €1,000,000 | +€1.0m | |
| Current assets | 29/58 | €2,821,983 | €1,572,412 | -€1.2m | -44.3% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,298,360 | €1,327,173 | +€28,813 | +2.2% |
| Trade receivables | 40 | €164,672 | €194,551 | +€29,879 | +18.1% |
| Other amounts receivable | 41 | €1,133,688 | €1,132,622 | -€1,066 | -0.1% |
| Current investments | 50/53 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Other investments | 51/53 | €1,000,000 | €0 | -€1.0m | -100.0% |
| Cash at bank and in hand | 54/58 | €518,720 | €245,239 | -€273,481 | -52.7% |
| Deferred charges and accrued income | 490/1 | €4,903 | €0 | -€4,903 | -100.0% |
| Total equity and liabilities | 10/49 | €10,477,243 | €10,227,672 | -€249,571 | -2.4% |
| Equity | 10/15 | €8,454,294 | €9,418,232 | +€963,937 | +11.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €313,568 | €313,568 | = | 0.0% |
| Non-distributable reserves | 130/1 | €313,568 | €313,568 | = | 0.0% |
| Legal reserve | 130 | €313,568 | €313,568 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,078,726 | €9,042,663 | +€963,937 | +11.9% |
| Amounts payable | 17/49 | €2,022,949 | €809,440 | -€1.2m | -60.0% |
| Amounts payable within one year | 42/48 | €1,888,935 | €707,168 | -€1.2m | -62.6% |
| Trade debts | 44 | €174,422 | €122,416 | -€52,006 | -29.8% |
| Suppliers | 440/4 | €174,422 | €122,416 | -€52,006 | -29.8% |
| Taxes, remuneration and social security | 45 | €104,328 | €194,156 | +€89,829 | +86.1% |
| Taxes | 450/3 | €104,328 | €194,156 | +€89,829 | +86.1% |
| Other amounts payable | 47/48 | €1,610,186 | €390,595 | -€1.2m | -75.7% |
| Accrued charges and deferred income | 492/3 | €134,013 | €102,272 | -€31,741 | -23.7% |
| Operating income | 70/76A | €843,106 | €1,001,751 | +€158,645 | +18.8% |
| Turnover | 70 | €843,106 | €1,001,751 | +€158,645 | +18.8% |
| Operating charges | 60/66A | €189,777 | €191,674 | +€1,897 | +1.0% |
| Services and other goods | 61 | €188,784 | €190,651 | +€1,866 | +1.0% |
| Other operating charges | 640/8 | €993 | €1,023 | +€31 | +3.1% |
| Operating profit (loss) | 9901 | €653,329 | €810,077 | +€156,748 | +24.0% |
| Financial income | 75/76B | €51,471 | €442,186 | +€390,716 | +759.1% |
| Recurring financial income | 75 | €31,525 | €442,186 | +€410,661 | +1302.6% |
| Income from financial fixed assets | 750 | - | €422,162 | +€422,162 | |
| Income from current assets | 751 | €31,525 | €20,024 | -€11,501 | -36.5% |
| Other financial income | 752/9 | €0 | - | = | |
| Non-recurring financial income | 76B | €19,945 | €0 | -€19,945 | -100.0% |
| Financial charges | 65/66B | €137,620 | €102,844 | -€34,776 | -25.3% |
| Recurring financial charges | 65 | €137,620 | €102,844 | -€34,776 | -25.3% |
| Debt charges | 650 | €134,013 | €102,272 | -€31,741 | -23.7% |
| Other financial charges | 652/9 | €3,606 | €572 | -€3,035 | -84.1% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €567,180 | €1,149,419 | +€582,239 | +102.7% |
| Income taxes | 67/77 | €141,188 | €185,482 | +€44,294 | +31.4% |
| Taxes | 670/3 | €141,188 | €185,482 | +€44,294 | +31.4% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €0 | -€0 | -100.0% |
| Profit (loss) for the period | 9904 | €425,992 | €963,937 | +€537,946 | +126.3% |
| Profit (loss) for the period to be appropriated | 9905 | €425,992 | €963,937 | +€537,946 | +126.3% |
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 11 October 2026 via checked.be.