SINT - JACOB: 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.
What changed
SINT - JACOB
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,118
2024 · €3,712+€6,406
Equity
€71,125
2024 · €61,006+€10,118
Cash
€665
2024 · €0+€665
Balance sheet total
€975,305
2024 · €994,908-€19,603
Largest movements
Assets
- Tangible fixed assets -€25,310
down €25,310 (-3.1%), from €815,025 to €789,715
of which Land and buildings: -€19,690
Equity and liabilities
- Debts after one year -€38,265
down €38,265 (-4.6%), from €831,085 to €792,820
- Profit (loss) carried forward +€10,118
up €10,118 (+10.6%), from -€95,230 to -€85,112
Income statement
- Gross operating margin +€4,571
up €4,571 (+6.6%), from €68,911 to €73,482
- Financial charges -€1,136
down €1,136 (-3.7%), from €30,427 to €29,290
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.
Result 2024
€3,712
Gross operating margin
+€4,571
Depreciation
+€693
Other operating charges
+€5
Financial charges
+€1,136
Result 2025
€10,118
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.
From operations
+€43,500
Investment
-€5,154
Financing
-€37,682
Cash 2024
€0
From operations (derived)
+€43,500
Net result for the year
+€10,118
Depreciation
+€31,212
Receivables within one year
-€2,427
Deferred charges and accrued income
-€3,364
Trade debts
+€7,070
Other debts
+€1,350
Accrued charges and deferred income
-€460
Investment (derived)
-€5,154
Investment in fixed assets (net)
-€5,154
Current investments
+€0
Financing
-€37,682
Debts after one year
-€38,265
Current portion of long-term debt
+€1,262
Short-term financial debts
-€679
Cash 2025
€665
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €994,908 | €975,305 | -€19,603 | -2.0% |
| Formation expenses | 20 | €3,196 | €2,448 | -€748 | -23.4% |
| Fixed assets | 21/28 | €815,025 | €789,715 | -€25,310 | -3.1% |
| Tangible fixed assets | 22/27 | €815,025 | €789,715 | -€25,310 | -3.1% |
| Land and buildings | 22 | €789,343 | €769,654 | -€19,690 | -2.5% |
| Plant, machinery and equipment | 23 | €25,682 | €20,061 | -€5,620 | -21.9% |
| Current assets | 29/58 | €176,687 | €183,143 | +€6,455 | +3.7% |
| Amounts receivable after more than one year | 29 | €170,000 | €170,000 | = | 0.0% |
| Other amounts receivable | 291 | €170,000 | €170,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €2,427 | +€2,427 | |
| Trade receivables | 40 | - | €2,427 | +€2,427 | |
| Current investments | 50/53 | €0 | €0 | -€0 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €665 | +€665 | |
| Deferred charges and accrued income | 490/1 | €6,687 | €10,052 | +€3,364 | +50.3% |
| Total equity and liabilities | 10/49 | €994,908 | €975,305 | -€19,603 | -2.0% |
| Equity | 10/15 | €61,006 | €71,125 | +€10,118 | +16.6% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,230 | -€85,112 | +€10,118 | +10.6% |
| Amounts payable | 17/49 | €933,902 | €904,181 | -€29,721 | -3.2% |
| Amounts payable after more than one year | 17 | €831,085 | €792,820 | -€38,265 | -4.6% |
| Financial debts | 170/4 | €831,085 | €792,820 | -€38,265 | -4.6% |
| Amounts payable within one year | 42/48 | €100,657 | €109,661 | +€9,004 | +8.9% |
| Current portion of amounts payable after more than one year | 42 | €37,655 | €38,917 | +€1,262 | +3.4% |
| Financial debts | 43 | €679 | €0 | -€679 | -100.0% |
| Credit institutions | 430/8 | €679 | €0 | -€679 | -100.0% |
| Trade debts | 44 | €1,627 | €8,698 | +€7,070 | +434.5% |
| Suppliers | 440/4 | €1,627 | €8,698 | +€7,070 | +434.5% |
| Other amounts payable | 47/48 | €60,695 | €62,046 | +€1,350 | +2.2% |
| Accrued charges and deferred income | 492/3 | €2,160 | €1,700 | -€460 | -21.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,906 | €31,212 | -€693 | -2.2% |
| Other operating charges | 640/8 | €6,266 | €6,261 | -€5 | -0.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €68,911 | €73,482 | +€4,571 | +6.6% |
| Operating profit (loss) | 9901 | €30,739 | €36,008 | +€5,270 | +17.1% |
| Financial income | 75/76B | €3,400 | €3,400 | = | 0.0% |
| Recurring financial income | 75 | €3,400 | €3,400 | = | 0.0% |
| Financial charges | 65/66B | €30,427 | €29,290 | -€1,136 | -3.7% |
| Recurring financial charges | 65 | €30,427 | €29,290 | -€1,136 | -3.7% |
| Profit (loss) for the period before taxes | 9903 | €3,712 | €10,118 | +€6,406 | +172.6% |
| Profit (loss) for the period | 9904 | €3,712 | €10,118 | +€6,406 | +172.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,712 | €10,118 | +€6,406 | +172.6% |
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 2 October 2026 via checked.be.