SINSA: 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.
SINSA
Largest movements
- Current investments -€115,000
down €115,000 (-11.5%), from €1.0m to €885,000
- Financial fixed assets -€33,826
down €33,826 (-100%), from €33,826 to €0
- Cash -€30,240
down €30,240 (-90.8%), from €33,295 to €3,056
mainly Tax, wage and social debts (-€168,791) and Other debts (-€104,818)
- Tangible fixed assets -€13,682
down €13,682 (-8.5%), from €161,905 to €148,223
of which Plant, machinery and equipment: -€12,696
- Tax, wage and social debts -€168,791
down €168,791 (-88.6%), from €190,412 to €21,621
- Other debts -€104,818
down €104,818 (-100%), from €104,818 to €0
- Profit (loss) carried forward +€87,999
up €87,999 (+11.2%), from €784,192 to €872,191
- Gross operating margin -€515,885
down €515,885 (-85.4%), from €604,119 to €88,234
- Financial charges -€213,335
down €213,335 (-99.6%), from €214,137 to €802
of which Non-recurring financial charges: -€200,925
- Taxes -€151,729
down €151,729 (-84.6%), from €179,392 to €27,663
- Financial income +€32,648
up €32,648 (+33,640%), from €97 to €32,745
- Other operating charges -€12,183
down €12,183 (-90.5%), from €13,462 to €1,279
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 | €1,231,867 | €1,046,755 | -€185,112 | -15.0% |
| Fixed assets | 21/28 | €195,731 | €148,223 | -€47,508 | -24.3% |
| Tangible fixed assets | 22/27 | €161,905 | €148,223 | -€13,682 | -8.5% |
| Land and buildings | 22 | €142,807 | €141,821 | -€986 | -0.7% |
| Plant, machinery and equipment | 23 | €19,098 | €6,402 | -€12,696 | -66.5% |
| Financial fixed assets | 28 | €33,826 | €0 | -€33,826 | -100% |
| Current assets | 29/58 | €1,036,136 | €898,532 | -€137,604 | -13.3% |
| Amounts receivable within one year | 40/41 | €2,840 | €10,476 | +€7,636 | +269% |
| Trade receivables | 40 | - | €10,446 | +€10,446 | |
| Other amounts receivable | 41 | €2,840 | €30 | -€2,810 | -98.9% |
| Current investments | 50/53 | €1,000,000 | €885,000 | -€115,000 | -11.5% |
| Cash at bank and in hand | 54/58 | €33,295 | €3,056 | -€30,240 | -90.8% |
| Total equity and liabilities | 10/49 | €1,231,867 | €1,046,755 | -€185,112 | -15.0% |
| Equity | 10/15 | €920,962 | €1,008,962 | +€87,999 | +9.6% |
| 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 | €74,771 | €74,771 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,000 | €56,000 | = | 0.0% |
| Distributable reserves | 133 | €12,571 | €12,571 | = | 0.0% |
| Profit (loss) carried forward | 14 | €784,192 | €872,191 | +€87,999 | +11.2% |
| Amounts payable | 17/49 | €310,904 | €37,793 | -€273,111 | -87.8% |
| Amounts payable within one year | 42/48 | €295,259 | €21,990 | -€273,269 | -92.6% |
| Trade debts | 44 | €30 | €369 | +€339 | +1,129% |
| Suppliers | 440/4 | €30 | €369 | +€339 | +1,129% |
| Taxes, remuneration and social security | 45 | €190,412 | €21,621 | -€168,791 | -88.6% |
| Taxes | 450/3 | €190,412 | €21,621 | -€168,791 | -88.6% |
| Other amounts payable | 47/48 | €104,818 | €0 | -€104,818 | -100% |
| Accrued charges and deferred income | 492/3 | €15,645 | €15,803 | +€158 | +1.0% |
| Non-recurring operating income | 76A | €1,101 | €0 | -€1,101 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,347 | €3,235 | -€1,111 | -25.6% |
| Other operating charges | 640/8 | €13,462 | €1,279 | -€12,183 | -90.5% |
| Gross operating margin | 9900 | €604,119 | €88,234 | -€515,885 | -85.4% |
| Operating profit (loss) | 9901 | €586,309 | €83,719 | -€502,590 | -85.7% |
| Financial income | 75/76B | €97 | €32,745 | +€32,648 | +33,640% |
| Recurring financial income | 75 | €97 | €32,745 | +€32,648 | +33,640% |
| Financial charges | 65/66B | €214,137 | €802 | -€213,335 | -99.6% |
| Recurring financial charges | 65 | €13,212 | €802 | -€12,410 | -93.9% |
| Non-recurring financial charges | 66B | €200,925 | €0 | -€200,925 | -100% |
| Profit (loss) for the period before taxes | 9903 | €372,269 | €115,662 | -€256,607 | -68.9% |
| Income taxes | 67/77 | €179,392 | €27,663 | -€151,729 | -84.6% |
| Profit (loss) for the period | 9904 | €192,878 | €87,999 | -€104,878 | -54.4% |
| Profit (loss) for the period to be appropriated | 9905 | €192,878 | €87,999 | -€104,878 | -54.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.