SINOPE: 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.
SINOPE
Largest movements
- Tangible fixed assets -€36,755
down €36,755 (-8.0%), from €462,087 to €425,332
of which Land and buildings: -€36,526
- Profit (loss) carried forward -€58,689
down €58,689 (-19.5%), from -€301,337 to -€360,026
- Other debts +€38,779
up €38,779 (+114.1%), from €33,997 to €72,776
- Debts after one year -€19,497
down €19,497 (-3.4%), from €579,465 to €559,968
of which Financial debts: -€14,756
- Gross operating margin -€5,350
down €5,350 (-327.5%), from -€1,634 to -€6,984
- Other operating charges +€2,029
up €2,029 (+27.6%), from €7,358 to €9,387
- Financial charges +€447
up €447 (+10.0%), from €4,451 to €4,899
- Depreciation -€287
down €287 (-0.8%), from €37,387 to €37,100
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 | €483,709 | €447,206 | -€36,503 | -7.5% |
| Fixed assets | 21/28 | €462,147 | €425,392 | -€36,755 | -8.0% |
| Tangible fixed assets | 22/27 | €462,087 | €425,332 | -€36,755 | -8.0% |
| Land and buildings | 22 | €460,148 | €423,622 | -€36,526 | -7.9% |
| Plant, machinery and equipment | 23 | €1,939 | €1,710 | -€229 | -11.8% |
| Financial fixed assets | 28 | €60 | €60 | = | 0.0% |
| Current assets | 29/58 | €21,562 | €21,814 | +€252 | +1.2% |
| Cash at bank and in hand | 54/58 | €3,652 | €4,242 | +€591 | +16.2% |
| Deferred charges and accrued income | 490/1 | €17,911 | €17,572 | -€339 | -1.9% |
| Total equity and liabilities | 10/49 | €483,709 | €447,206 | -€36,503 | -7.5% |
| Equity | 10/15 | -€178,111 | -€236,801 | -€58,689 | -33.0% |
| 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 | €61,226 | €61,226 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,606 | €4,606 | = | 0.0% |
| Legal reserve | 130 | €4,606 | €4,606 | = | 0.0% |
| Distributable reserves | 133 | €56,620 | €56,620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€301,337 | -€360,026 | -€58,689 | -19.5% |
| Amounts payable | 17/49 | €661,820 | €684,007 | +€22,186 | +3.4% |
| Amounts payable after more than one year | 17 | €579,465 | €559,968 | -€19,497 | -3.4% |
| Financial debts | 170/4 | €117,446 | €102,689 | -€14,756 | -12.6% |
| Other amounts payable | 178/9 | €462,019 | €457,278 | -€4,741 | -1.0% |
| Amounts payable within one year | 42/48 | €81,525 | €122,687 | +€41,162 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €14,756 | €14,756 | = | 0.0% |
| Trade debts | 44 | €31,253 | €35,027 | +€3,775 | +12.1% |
| Suppliers | 440/4 | €31,253 | €35,027 | +€3,775 | +12.1% |
| Taxes, remuneration and social security | 45 | €1,519 | €127 | -€1,392 | -91.6% |
| Taxes | 450/3 | €1,519 | €127 | -€1,392 | -91.6% |
| Other amounts payable | 47/48 | €33,997 | €72,776 | +€38,779 | +114.1% |
| Accrued charges and deferred income | 492/3 | €830 | €1,352 | +€521 | +62.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,387 | €37,100 | -€287 | -0.8% |
| Other operating charges | 640/8 | €7,358 | €9,387 | +€2,029 | +27.6% |
| Gross operating margin | 9900 | -€1,634 | -€6,984 | -€5,350 | -327.5% |
| Operating profit (loss) | 9901 | -€46,378 | -€53,470 | -€7,092 | -15.3% |
| Financial income | 75/76B | €3 | €3 | -€0 | -11.1% |
| Recurring financial income | 75 | €3 | €3 | -€0 | -11.1% |
| Financial charges | 65/66B | €4,451 | €4,899 | +€447 | +10.0% |
| Recurring financial charges | 65 | €4,451 | €4,899 | +€447 | +10.0% |
| Profit (loss) for the period before taxes | 9903 | -€50,827 | -€58,366 | -€7,540 | -14.8% |
| Income taxes | 67/77 | €329 | €323 | -€6 | -1.8% |
| Profit (loss) for the period | 9904 | -€51,156 | -€58,689 | -€7,533 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,156 | -€58,689 | -€7,533 | -14.7% |
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 3 October 2026 via checked.be.