SINTENO: 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.
SINTENO
Largest movements
- Intangible fixed assets +€38,587
new in 2025: €38,587
- Cash +€24,791
up €24,791 (+706%), from €3,509 to €28,300
mainly Trade debts (+€55,275) and Net result for the year (+€9,855)
- Receivables within one year +€1,751
up €1,751 (+16.0%), from €10,972 to €12,723
of which Other amounts receivable: +€5,517
- Trade debts +€55,275
up €55,275 (+336%), from €16,432 to €71,707
- Profit (loss) carried forward +€9,855
up €9,855 (+48.0%), from -€20,550 to -€10,696
- Gross operating margin +€4,506
up €4,506 (+73.1%), from €6,162 to €10,668
- Depreciation +€213
new in 2025: €213
- Other operating charges -€125
down €125 (-22.7%), from €552 to €427
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 | €14,482 | €79,611 | +€65,129 | +450% |
| Fixed assets | 21/28 | - | €38,587 | +€38,587 | |
| Intangible fixed assets | 21 | - | €38,587 | +€38,587 | |
| Current assets | 29/58 | €14,482 | €41,024 | +€26,542 | +183% |
| Amounts receivable within one year | 40/41 | €10,972 | €12,723 | +€1,751 | +16.0% |
| Trade receivables | 40 | €8,183 | €4,417 | -€3,766 | -46.0% |
| Other amounts receivable | 41 | €2,790 | €8,307 | +€5,517 | +198% |
| Cash at bank and in hand | 54/58 | €3,509 | €28,300 | +€24,791 | +706% |
| Total equity and liabilities | 10/49 | €14,482 | €79,611 | +€65,129 | +450% |
| Equity | 10/15 | -€1,950 | €7,904 | +€9,855 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,550 | -€10,696 | +€9,855 | +48.0% |
| Amounts payable | 17/49 | €16,432 | €71,707 | +€55,275 | +336% |
| Amounts payable within one year | 42/48 | €16,432 | €71,707 | +€55,275 | +336% |
| Trade debts | 44 | €16,432 | €71,707 | +€55,275 | +336% |
| Suppliers | 440/4 | €16,432 | €71,707 | +€55,275 | +336% |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €213 | +€213 | |
| Other operating charges | 640/8 | €552 | €427 | -€125 | -22.7% |
| Gross operating margin | 9900 | €6,162 | €10,668 | +€4,506 | +73.1% |
| Operating profit (loss) | 9901 | €5,610 | €10,028 | +€4,418 | +78.8% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €139 | €175 | +€36 | +25.9% |
| Recurring financial charges | 65 | €139 | €175 | +€36 | +25.9% |
| Profit (loss) for the period before taxes | 9903 | €5,471 | €9,855 | +€4,384 | +80.1% |
| Profit (loss) for the period | 9904 | €5,471 | €9,855 | +€4,384 | +80.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,471 | €9,855 | +€4,384 | +80.1% |
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.