SINTAC: 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.
SINTAC
Largest movements
- Current investments -€77,630
down €77,630 (-15.2%), from €512,363 to €434,733
- Cash +€68,905
up €68,905 (+209.4%), from €32,906 to €101,810
mainly Current investments (+€77,630) and Net result for the year (+€70,833)
- Other debts -€77,914
down €77,914 (-97.8%), from €79,695 to €1,780
- Reserves +€70,830
up €70,830 (+20.4%), from €346,575 to €417,405
- Gross operating margin +€1,560
up €1,560 (+1.7%), from €89,995 to €91,555
- Financial income +€1,429
up €1,429 (+20.3%), from €7,028 to €8,457
- Other operating charges +€1,010
new in 2025: €1,010
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 | €581,980 | €575,707 | -€6,273 | -1.1% |
| Fixed assets | 21/28 | €19,695 | €21,800 | +€2,105 | +10.7% |
| Tangible fixed assets | 22/27 | - | €2,105 | +€2,105 | |
| Plant, machinery and equipment | 23 | - | €2,105 | +€2,105 | |
| Financial fixed assets | 28 | €19,695 | €19,695 | = | 0.0% |
| Current assets | 29/58 | €562,285 | €553,907 | -€8,378 | -1.5% |
| Amounts receivable within one year | 40/41 | €17,016 | €17,364 | +€348 | +2.0% |
| Trade receivables | 40 | €17,016 | €17,364 | +€348 | +2.0% |
| Current investments | 50/53 | €512,363 | €434,733 | -€77,630 | -15.2% |
| Cash at bank and in hand | 54/58 | €32,906 | €101,810 | +€68,905 | +209.4% |
| Total equity and liabilities | 10/49 | €581,980 | €575,707 | -€6,273 | -1.1% |
| Equity | 10/15 | €486,548 | €557,380 | +€70,833 | +14.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €346,575 | €417,405 | +€70,830 | +20.4% |
| Distributable reserves | 133 | €346,575 | €417,405 | +€70,830 | +20.4% |
| Profit (loss) carried forward | 14 | €133,773 | €133,775 | +€3 | 0.0% |
| Amounts payable | 17/49 | €95,432 | €18,326 | -€77,106 | -80.8% |
| Amounts payable within one year | 42/48 | €95,432 | €18,326 | -€77,106 | -80.8% |
| Trade debts | 44 | €113 | €34 | -€78 | -69.6% |
| Suppliers | 440/4 | €113 | €34 | -€78 | -69.6% |
| Taxes, remuneration and social security | 45 | €15,625 | €16,512 | +€887 | +5.7% |
| Taxes | 450/3 | €15,625 | €16,512 | +€887 | +5.7% |
| Other amounts payable | 47/48 | €79,695 | €1,780 | -€77,914 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €133 | +€133 | |
| Other operating charges | 640/8 | - | €1,010 | +€1,010 | |
| Gross operating margin | 9900 | €89,995 | €91,555 | +€1,560 | +1.7% |
| Operating profit (loss) | 9901 | €89,995 | €90,412 | +€417 | +0.5% |
| Financial income | 75/76B | €7,028 | €8,457 | +€1,429 | +20.3% |
| Recurring financial income | 75 | €7,028 | €8,457 | +€1,429 | +20.3% |
| Financial charges | 65/66B | €231 | €69 | -€162 | -70.2% |
| Recurring financial charges | 65 | €231 | €69 | -€162 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €96,793 | €98,800 | +€2,008 | +2.1% |
| Income taxes | 67/77 | €27,107 | €27,968 | +€861 | +3.2% |
| Profit (loss) for the period | 9904 | €69,686 | €70,833 | +€1,147 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,686 | €70,833 | +€1,147 | +1.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.