SINTEL AALTER: 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.
SINTEL AALTER
Largest movements
- Receivables within one year +€59,258
up €59,258 (+77.8%), from €76,133 to €135,392
of which Other amounts receivable: +€68,768
- Tangible fixed assets -€39,123
down €39,123 (-6.7%), from €584,993 to €545,870
of which Other tangible fixed assets: -€56,317
- Cash -€14,081
down €14,081 (-13.2%), from €107,034 to €92,953
mainly Receivables within one year (-€59,258) and Investment in fixed assets (net) (-€51,840)
- Reserves +€21,500
up €21,500 (+89.6%), from €24,000 to €45,500
- Current portion of long-term debt +€19,621
up €19,621 (+52.0%), from €37,727 to €57,348
- Debts after one year -€17,790
down €17,790 (-2.6%), from €688,652 to €670,862
- Tax, wage and social debts -€15,764
down €15,764 (-84.8%), from €18,599 to €2,834
of which Remuneration and social security: -€8,502
- Staff costs +€44,953
up €44,953 (+65.2%), from €68,915 to €113,868
- Gross operating margin +€41,256
up €41,256 (+18.6%), from €222,155 to €263,412
- Depreciation +€28,612
up €28,612 (+45.9%), from €62,350 to €90,963
- Financial charges -€6,075
down €6,075 (-15.3%), from €39,664 to €33,589
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 | €776,254 | €785,633 | +€9,379 | +1.2% |
| Fixed assets | 21/28 | €587,993 | €548,870 | -€39,123 | -6.7% |
| Tangible fixed assets | 22/27 | €584,993 | €545,870 | -€39,123 | -6.7% |
| Plant, machinery and equipment | 23 | €121,142 | €101,122 | -€20,020 | -16.5% |
| Furniture and vehicles | 24 | €25,575 | €19,555 | -€6,019 | -23.5% |
| Leasing and similar rights | 25 | - | €43,233 | +€43,233 | |
| Other tangible fixed assets | 26 | €438,276 | €381,960 | -€56,317 | -12.8% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €188,261 | €236,762 | +€48,501 | +25.8% |
| Stocks and contracts in progress | 3 | €5,094 | €6,844 | +€1,750 | +34.4% |
| Stocks | 30/36 | €5,094 | €6,844 | +€1,750 | +34.4% |
| Amounts receivable within one year | 40/41 | €76,133 | €135,392 | +€59,258 | +77.8% |
| Trade receivables | 40 | €12,559 | €3,049 | -€9,509 | -75.7% |
| Other amounts receivable | 41 | €63,575 | €132,342 | +€68,768 | +108% |
| Cash at bank and in hand | 54/58 | €107,034 | €92,953 | -€14,081 | -13.2% |
| Deferred charges and accrued income | 490/1 | - | €1,574 | +€1,574 | |
| Total equity and liabilities | 10/49 | €776,254 | €785,633 | +€9,379 | +1.2% |
| Equity | 10/15 | €25,880 | €47,044 | +€21,164 | +81.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €24,000 | €45,500 | +€21,500 | +89.6% |
| Distributable reserves | 133 | €24,000 | €45,500 | +€21,500 | +89.6% |
| Profit (loss) carried forward | 14 | €380 | €44 | -€336 | -88.5% |
| Amounts payable | 17/49 | €750,375 | €738,589 | -€11,786 | -1.6% |
| Amounts payable after more than one year | 17 | €688,652 | €670,862 | -€17,790 | -2.6% |
| Financial debts | 170/4 | €688,652 | €670,862 | -€17,790 | -2.6% |
| Amounts payable within one year | 42/48 | €61,723 | €67,102 | +€5,379 | +8.7% |
| Current portion of amounts payable after more than one year | 42 | €37,727 | €57,348 | +€19,621 | +52.0% |
| Trade debts | 44 | €2,753 | €6,919 | +€4,167 | +151% |
| Suppliers | 440/4 | €2,753 | €6,919 | +€4,167 | +151% |
| Taxes, remuneration and social security | 45 | €18,599 | €2,834 | -€15,764 | -84.8% |
| Taxes | 450/3 | €9,643 | €2,381 | -€7,262 | -75.3% |
| Remuneration and social security | 454/9 | €8,955 | €453 | -€8,502 | -94.9% |
| Other amounts payable | 47/48 | €2,644 | - | -€2,644 | |
| Accrued charges and deferred income | 492/3 | - | €625 | +€625 | |
| Remuneration, social security and pensions | 62 | €68,915 | €113,868 | +€44,953 | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,350 | €90,963 | +€28,612 | +45.9% |
| Other operating charges | 640/8 | €1,429 | €3,837 | +€2,408 | +169% |
| Gross operating margin | 9900 | €222,155 | €263,412 | +€41,256 | +18.6% |
| Operating profit (loss) | 9901 | €89,461 | €54,744 | -€34,717 | -38.8% |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €39,664 | €33,589 | -€6,075 | -15.3% |
| Recurring financial charges | 65 | €39,664 | €33,589 | -€6,075 | -15.3% |
| Profit (loss) for the period before taxes | 9903 | €49,797 | €21,164 | -€28,633 | -57.5% |
| Profit (loss) for the period | 9904 | €49,797 | €21,164 | -€28,633 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €49,797 | €21,164 | -€28,633 | -57.5% |
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 24 October 2026 via checked.be.