SinoToiture: 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.
SinoToiture
Largest movements
- Current investments +€55,626
up €55,626 (+478%), from €11,634 to €67,260
- Cash +€17,902
up €17,902 (+17.6%), from €101,679 to €119,582
mainly Net result for the year (+€80,135) and Depreciation (+€48,424)
- Intangible fixed assets -€13,000
down €13,000 (-22.0%), from €59,052 to €46,052
- Reserves +€80,100
up €80,100 (+49.9%), from €160,575 to €240,675
- Debts after one year -€21,565
down €21,565 (-18.3%), from €117,862 to €96,296
- Advances received +€21,320
up €21,320 (+75.7%), from €28,148 to €49,468
- Current portion of long-term debt -€15,688
down €15,688 (-31.0%), from €50,549 to €34,861
- Accrued charges and deferred income -€12,607
down €12,607 (-66.0%), from €19,089 to €6,482
- Staff costs +€41,467
up €41,467 (+26.2%), from €158,253 to €199,720
- Gross operating margin +€24,332
up €24,332 (+7.6%), from €318,798 to €343,130
- Depreciation -€18,166
down €18,166 (-27.3%), from €66,590 to €48,424
- Financial income +€6,738
up €6,738 (+344%), from €1,960 to €8,697
- Financial charges -€5,656
down €5,656 (-47.3%), from €11,959 to €6,303
of which Financial charges: -€5,836
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 | €488,093 | €550,058 | +€61,965 | +12.7% |
| Fixed assets | 21/28 | €224,023 | €209,982 | -€14,041 | -6.3% |
| Intangible fixed assets | 21 | €59,052 | €46,052 | -€13,000 | -22.0% |
| Tangible fixed assets | 22/27 | €164,631 | €163,590 | -€1,041 | -0.6% |
| Land and buildings | 22 | €116,187 | €120,931 | +€4,744 | +4.1% |
| Plant, machinery and equipment | 23 | €13,516 | €12,933 | -€583 | -4.3% |
| Furniture and vehicles | 24 | €34,928 | €29,727 | -€5,201 | -14.9% |
| Financial fixed assets | 28 | €340 | €340 | = | 0.0% |
| Current assets | 29/58 | €264,070 | €340,076 | +€76,006 | +28.8% |
| Amounts receivable within one year | 40/41 | €138,752 | €143,083 | +€4,331 | +3.1% |
| Trade receivables | 40 | €96,976 | €96,555 | -€420 | -0.4% |
| Other amounts receivable | 41 | €41,776 | €46,527 | +€4,751 | +11.4% |
| Current investments | 50/53 | €11,634 | €67,260 | +€55,626 | +478% |
| Cash at bank and in hand | 54/58 | €101,679 | €119,582 | +€17,902 | +17.6% |
| Deferred charges and accrued income | 490/1 | €12,004 | €10,151 | -€1,853 | -15.4% |
| Total equity and liabilities | 10/49 | €488,093 | €550,058 | +€61,965 | +12.7% |
| Equity | 10/15 | €190,611 | €270,745 | +€80,134 | +42.0% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €160,575 | €240,675 | +€80,100 | +49.9% |
| Distributable reserves | 133 | €160,575 | €240,675 | +€80,100 | +49.9% |
| Profit (loss) carried forward | 14 | €19 | €55 | +€35 | +181% |
| Investment grants | 15 | €16 | €15 | -€1 | -7.6% |
| Amounts payable | 17/49 | €297,482 | €279,313 | -€18,169 | -6.1% |
| Amounts payable after more than one year | 17 | €117,862 | €96,296 | -€21,565 | -18.3% |
| Financial debts | 170/4 | €117,862 | €96,296 | -€21,565 | -18.3% |
| Amounts payable within one year | 42/48 | €160,532 | €176,535 | +€16,003 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €50,549 | €34,861 | -€15,688 | -31.0% |
| Trade debts | 44 | €16,427 | €21,838 | +€5,411 | +32.9% |
| Suppliers | 440/4 | €16,427 | €21,838 | +€5,411 | +32.9% |
| Advances received on contracts in progress | 46 | €28,148 | €49,468 | +€21,320 | +75.7% |
| Taxes, remuneration and social security | 45 | €28,745 | €37,023 | +€8,278 | +28.8% |
| Taxes | 450/3 | €11,437 | €18,625 | +€7,188 | +62.8% |
| Remuneration and social security | 454/9 | €17,308 | €18,398 | +€1,090 | +6.3% |
| Other amounts payable | 47/48 | €36,663 | €33,344 | -€3,318 | -9.1% |
| Accrued charges and deferred income | 492/3 | €19,089 | €6,482 | -€12,607 | -66.0% |
| Non-recurring operating income | 76A | €2,000 | - | -€2,000 | |
| Remuneration, social security and pensions | 62 | €158,253 | €199,720 | +€41,467 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,590 | €48,424 | -€18,166 | -27.3% |
| Other operating charges | 640/8 | €1,505 | €1,039 | -€466 | -31.0% |
| Gross operating margin | 9900 | €318,798 | €343,130 | +€24,332 | +7.6% |
| Operating profit (loss) | 9901 | €92,450 | €93,947 | +€1,497 | +1.6% |
| Financial income | 75/76B | €1,960 | €8,697 | +€6,738 | +344% |
| Recurring financial income | 75 | €1,960 | €8,697 | +€6,738 | +344% |
| Financial charges | 65/66B | €11,959 | €6,303 | -€5,656 | -47.3% |
| Recurring financial charges | 65 | €11,959 | €6,123 | -€5,836 | -48.8% |
| Non-recurring financial charges | 66B | - | €180 | +€180 | |
| Profit (loss) for the period before taxes | 9903 | €82,450 | €96,341 | +€13,891 | +16.8% |
| Income taxes | 67/77 | €17,053 | €16,206 | -€847 | -5.0% |
| Profit (loss) for the period | 9904 | €65,397 | €80,135 | +€14,738 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €65,397 | €80,135 | +€14,738 | +22.5% |
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 28 October 2026 via checked.be.