SINTEL BELGIUM: 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 BELGIUM
Largest movements
- Receivables within one year -€119,295
down €119,295 (-24.9%), from €479,622 to €360,327
of which Trade receivables: -€119,086
- Cash +€111,768
up €111,768 (+36.1%), from €309,989 to €421,756
mainly Net result for the year (+€388,039) and Receivables within one year (+€119,295)
- Tax, wage and social debts -€16,734
down €16,734 (-56.8%), from €29,472 to €12,738
of which Taxes: -€19,534
- Profit (loss) carried forward +€13,039
up €13,039 (+1.8%), from €709,000 to €722,039
- Gross operating margin -€47,263
down €47,263 (-8.2%), from €574,015 to €526,752
- Taxes -€11,866
down €11,866 (-8.4%), from €141,213 to €129,346
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 | €802,287 | €793,569 | -€8,717 | -1.1% |
| Current assets | 29/58 | €802,287 | €793,569 | -€8,717 | -1.1% |
| Amounts receivable within one year | 40/41 | €479,622 | €360,327 | -€119,295 | -24.9% |
| Trade receivables | 40 | €477,805 | €358,719 | -€119,086 | -24.9% |
| Other amounts receivable | 41 | €1,817 | €1,609 | -€209 | -11.5% |
| Cash at bank and in hand | 54/58 | €309,989 | €421,756 | +€111,768 | +36.1% |
| Deferred charges and accrued income | 490/1 | €12,676 | €11,486 | -€1,190 | -9.4% |
| Total equity and liabilities | 10/49 | €802,287 | €793,569 | -€8,717 | -1.1% |
| Equity | 10/15 | €729,405 | €742,444 | +€13,039 | +1.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €709,000 | €722,039 | +€13,039 | +1.8% |
| Amounts payable | 17/49 | €72,882 | €51,126 | -€21,756 | -29.9% |
| Amounts payable within one year | 42/48 | €72,391 | €50,865 | -€21,526 | -29.7% |
| Trade debts | 44 | €42,919 | €37,955 | -€4,964 | -11.6% |
| Suppliers | 440/4 | €42,919 | €37,955 | -€4,964 | -11.6% |
| Taxes, remuneration and social security | 45 | €29,472 | €12,738 | -€16,734 | -56.8% |
| Taxes | 450/3 | €29,472 | €9,938 | -€19,534 | -66.3% |
| Remuneration and social security | 454/9 | €0 | €2,800 | +€2,800 | |
| Other amounts payable | 47/48 | €0 | €172 | +€172 | |
| Accrued charges and deferred income | 492/3 | €490 | €260 | -€230 | -46.9% |
| Other operating charges | 640/8 | €991 | €998 | +€7 | +0.8% |
| Gross operating margin | 9900 | €574,015 | €526,752 | -€47,263 | -8.2% |
| Operating profit (loss) | 9901 | €573,024 | €525,753 | -€47,271 | -8.2% |
| Financial income | 75/76B | €422 | €163 | -€259 | -61.3% |
| Recurring financial income | 75 | €422 | €163 | -€259 | -61.3% |
| Financial charges | 65/66B | €8,596 | €8,532 | -€64 | -0.7% |
| Recurring financial charges | 65 | €8,596 | €8,532 | -€64 | -0.7% |
| Profit (loss) for the period before taxes | 9903 | €564,850 | €517,385 | -€47,465 | -8.4% |
| Income taxes | 67/77 | €141,213 | €129,346 | -€11,866 | -8.4% |
| Profit (loss) for the period | 9904 | €423,638 | €388,039 | -€35,599 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €423,638 | €388,039 | -€35,599 | -8.4% |
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 17 October 2026 via checked.be.