SINTO: 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.
SINTO
Largest movements
- Receivables within one year +€518,474
up €518,474 (+162.7%), from €318,659 to €837,132
of which Trade receivables: +€413,080
- Stocks and contracts +€191,384
up €191,384 (+113.0%), from €169,297 to €360,680
- Tangible fixed assets +€139,673
up €139,673 (+9.6%), from €1.5m to €1.6m
of which Land and buildings: +€167,942
- Cash -€70,573
down €70,573 (-97.1%), from €72,713 to €2,139
mainly Receivables within one year (-€518,474) and Investment in fixed assets (net) (-€283,070)
- Current portion of long-term debt +€363,012
up €363,012 (+383.4%), from €94,674 to €457,686
- Short-term financial debts +€357,886
up €357,886 (+204.5%), from €175,000 to €532,886
- Advances received +€80,000
up €80,000 (+400.0%), from €20,000 to €100,000
- Other debts -€67,373
down €67,373 (-36.9%), from €182,820 to €115,446
- Gross operating margin -€165,185
down €165,185 (-30.9%), from €534,048 to €368,863
- Staff costs +€45,236
up €45,236 (+352.4%), from €12,836 to €58,072
- Financial charges +€24,749
up €24,749 (+55.1%), from €44,938 to €69,687
- Other operating charges +€22,834
up €22,834 (+86.0%), from €26,560 to €49,393
- Depreciation +€22,101
up €22,101 (+16.1%), from €137,548 to €159,649
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,108,003 | €2,869,336 | +€761,333 | +36.1% |
| Fixed assets | 21/28 | €1,543,463 | €1,666,883 | +€123,421 | +8.0% |
| Intangible fixed assets | 21 | €85,000 | €68,000 | -€17,000 | -20.0% |
| Tangible fixed assets | 22/27 | €1,457,463 | €1,597,135 | +€139,673 | +9.6% |
| Land and buildings | 22 | €1,261,607 | €1,429,548 | +€167,942 | +13.3% |
| Plant, machinery and equipment | 23 | €21,242 | €22,907 | +€1,665 | +7.8% |
| Furniture and vehicles | 24 | €111,809 | €90,792 | -€21,017 | -18.8% |
| Leasing and similar rights | 25 | €60,542 | €47,642 | -€12,900 | -21.3% |
| Other tangible fixed assets | 26 | €2,263 | €6,247 | +€3,984 | +176.0% |
| Financial fixed assets | 28 | €1,000 | €1,748 | +€748 | +74.8% |
| Current assets | 29/58 | €564,540 | €1,202,452 | +€637,912 | +113.0% |
| Stocks and contracts in progress | 3 | €169,297 | €360,680 | +€191,384 | +113.0% |
| Stocks | 30/36 | €169,297 | €360,680 | +€191,384 | +113.0% |
| Amounts receivable within one year | 40/41 | €318,659 | €837,132 | +€518,474 | +162.7% |
| Trade receivables | 40 | €168,190 | €581,270 | +€413,080 | +245.6% |
| Other amounts receivable | 41 | €150,469 | €255,862 | +€105,393 | +70.0% |
| Cash at bank and in hand | 54/58 | €72,713 | €2,139 | -€70,573 | -97.1% |
| Deferred charges and accrued income | 490/1 | €3,872 | €2,500 | -€1,372 | -35.4% |
| Total equity and liabilities | 10/49 | €2,108,003 | €2,869,336 | +€761,333 | +36.1% |
| Equity | 10/15 | €509,758 | €521,432 | +€11,674 | +2.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €368,970 | €362,547 | -€6,423 | -1.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €367,110 | €360,687 | -€6,423 | -1.7% |
| Profit (loss) carried forward | 14 | €134,588 | €152,685 | +€18,097 | +13.4% |
| Provisions and deferred taxes | 16 | €122,370 | €120,229 | -€2,141 | -1.7% |
| Deferred taxes | 168 | €122,370 | €120,229 | -€2,141 | -1.7% |
| Amounts payable | 17/49 | €1,475,875 | €2,227,675 | +€751,800 | +50.9% |
| Amounts payable after more than one year | 17 | €844,311 | €871,331 | +€27,020 | +3.2% |
| Financial debts | 170/4 | €844,311 | €871,331 | +€27,020 | +3.2% |
| Amounts payable within one year | 42/48 | €620,373 | €1,345,053 | +€724,680 | +116.8% |
| Current portion of amounts payable after more than one year | 42 | €94,674 | €457,686 | +€363,012 | +383.4% |
| Financial debts | 43 | €175,000 | €532,886 | +€357,886 | +204.5% |
| Credit institutions | 430/8 | €175,000 | €532,886 | +€357,886 | +204.5% |
| Trade debts | 44 | €138,735 | €124,397 | -€14,338 | -10.3% |
| Suppliers | 440/4 | €138,735 | €124,397 | -€14,338 | -10.3% |
| Advances received on contracts in progress | 46 | €20,000 | €100,000 | +€80,000 | +400.0% |
| Taxes, remuneration and social security | 45 | €9,144 | €14,638 | +€5,494 | +60.1% |
| Taxes | 450/3 | €5,004 | €6,891 | +€1,887 | +37.7% |
| Remuneration and social security | 454/9 | €4,140 | €7,747 | +€3,607 | +87.1% |
| Other amounts payable | 47/48 | €182,820 | €115,446 | -€67,373 | -36.9% |
| Accrued charges and deferred income | 492/3 | €11,192 | €11,291 | +€99 | +0.9% |
| Non-recurring operating income | 76A | €492,013 | €0 | -€492,013 | -100.0% |
| Remuneration, social security and pensions | 62 | €12,836 | €58,072 | +€45,236 | +352.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,548 | €159,649 | +€22,101 | +16.1% |
| Other operating charges | 640/8 | €26,560 | €49,393 | +€22,834 | +86.0% |
| Non-recurring operating charges | 66A | €20,581 | €26,709 | +€6,128 | +29.8% |
| Gross operating margin | 9900 | €534,048 | €368,863 | -€165,185 | -30.9% |
| Operating profit (loss) | 9901 | €336,525 | €75,040 | -€261,485 | -77.7% |
| Financial income | 75/76B | €2,740 | €4,181 | +€1,441 | +52.6% |
| Recurring financial income | 75 | €2,740 | €4,181 | +€1,441 | +52.6% |
| Financial charges | 65/66B | €44,938 | €69,687 | +€24,749 | +55.1% |
| Recurring financial charges | 65 | €44,938 | €69,687 | +€24,749 | +55.1% |
| Profit (loss) for the period before taxes | 9903 | €294,326 | €9,533 | -€284,793 | -96.8% |
| Transfer from deferred taxes | 780 | €633 | €2,141 | +€1,508 | +238.1% |
| Transfer to deferred taxes | 680 | €123,003 | €0 | -€123,003 | -100.0% |
| Profit (loss) for the period | 9904 | €171,956 | €11,674 | -€160,282 | -93.2% |
| Transfer from tax-exempt reserves | 789 | €1,900 | €6,423 | +€4,523 | +238.1% |
| Transfer to tax-exempt reserves | 689 | €369,010 | €0 | -€369,010 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€195,154 | €18,097 | +€213,251 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.