SINTHY: 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.
SINTHY
Largest movements
- Receivables within one year +€53,912
up €53,912 (+87.4%), from €61,672 to €115,584
of which Trade receivables: +€53,232
- Tangible fixed assets +€22,755
up €22,755 (+4298.9%), from €529 to €23,284
- Trade debts +€75,364
up €75,364 (+2060.6%), from €3,657 to €79,021
- Tax, wage and social debts +€3,775
new in 2025: €3,775
- Turnover +€645,627
new in 2025: €645,627
- Purchases and services +€606,003
new in 2025: €606,003
- Other operating charges -€103,582
down €103,582 (-96.8%), from €107,012 to €3,431
- Gross operating margin -€95,790
down €95,790 (-70.7%), from €135,414 to €39,624
- Staff costs +€28,604
new in 2025: €28,604
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 | €246,625 | €324,928 | +€78,304 | +31.8% |
| Fixed assets | 21/28 | €529 | €23,284 | +€22,755 | +4298.9% |
| Tangible fixed assets | 22/27 | €529 | €23,284 | +€22,755 | +4298.9% |
| Furniture and vehicles | 24 | €529 | €23,284 | +€22,755 | +4298.9% |
| Current assets | 29/58 | €246,095 | €301,644 | +€55,549 | +22.6% |
| Stocks and contracts in progress | 3 | €173,557 | €173,557 | = | 0.0% |
| Stocks | 30/36 | €173,557 | €173,557 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,672 | €115,584 | +€53,912 | +87.4% |
| Trade receivables | 40 | €60,864 | €114,096 | +€53,232 | +87.5% |
| Other amounts receivable | 41 | €809 | €1,488 | +€680 | +84.0% |
| Cash at bank and in hand | 54/58 | €10,866 | €12,503 | +€1,637 | +15.1% |
| Total equity and liabilities | 10/49 | €246,625 | €324,928 | +€78,304 | +31.8% |
| Equity | 10/15 | -€113,928 | -€111,719 | +€2,209 | +1.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Capital | 10 | €15,000 | €15,000 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €3,600 | €3,600 | = | 0.0% |
| Reserves | 13 | €162 | €162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €162 | €162 | = | 0.0% |
| Legal reserve | 130 | €162 | €162 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,090 | -€126,881 | +€2,209 | +1.7% |
| Amounts payable | 17/49 | €360,553 | €436,648 | +€76,095 | +21.1% |
| Amounts payable within one year | 42/48 | €360,553 | €436,648 | +€76,095 | +21.1% |
| Trade debts | 44 | €3,657 | €79,021 | +€75,364 | +2060.6% |
| Suppliers | 440/4 | €3,657 | €79,021 | +€75,364 | +2060.6% |
| Taxes, remuneration and social security | 45 | - | €3,775 | +€3,775 | |
| Remuneration and social security | 454/9 | - | €3,775 | +€3,775 | |
| Other amounts payable | 47/48 | €356,895 | €353,851 | -€3,044 | -0.9% |
| Turnover | 70 | - | €645,627 | +€645,627 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €606,003 | +€606,003 | |
| Remuneration, social security and pensions | 62 | - | €28,604 | +€28,604 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,601 | €4,792 | +€2,191 | +84.2% |
| Other operating charges | 640/8 | €107,012 | €3,431 | -€103,582 | -96.8% |
| Gross operating margin | 9900 | €135,414 | €39,624 | -€95,790 | -70.7% |
| Operating profit (loss) | 9901 | €25,801 | €2,798 | -€23,003 | -89.2% |
| Financial charges | 65/66B | - | €589 | +€589 | |
| Recurring financial charges | 65 | - | €589 | +€589 | |
| Profit (loss) for the period before taxes | 9903 | €25,801 | €2,209 | -€23,592 | -91.4% |
| Profit (loss) for the period | 9904 | €25,801 | €2,209 | -€23,592 | -91.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,801 | €2,209 | -€23,592 | -91.4% |
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 6 October 2026 via checked.be.