SINTRA: 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.
SINTRA
Largest movements
- Stocks and contracts +€464,032
up €464,032 (+50.9%), from €912,344 to €1.4m
- Tangible fixed assets -€46,634
down €46,634 (-16.5%), from €281,864 to €235,230
of which Land and buildings: -€57,085
- Cash +€28,612
up €28,612 (+8.6%), from €332,484 to €361,096
mainly Short-term financial debts (+€475,000) and Net result for the year (+€192,689)
- Short-term financial debts +€475,000
up €475,000 (+90.5%), from €525,000 to €1.0m
- Reserves +€192,691
up €192,691 (+45.8%), from €420,265 to €612,955
of which Distributable reserves: +€195,294
- Accrued charges and deferred income -€149,899
down €149,899 (-91.9%), from €163,055 to €13,155
- Other debts -€63,978
down €63,978 (-100.0%), from €63,978 to €0
- Debts after one year -€40,472
down €40,472 (-19.3%), from €209,564 to €169,093
of which Financial debts: -€40,472
- Gross operating margin +€34,401
up €34,401 (+12.5%), from €275,246 to €309,647
- Financial charges -€27,540
down €27,540 (-78.1%), from €35,244 to €7,703
- Taxes +€20,656
up €20,656 (+27.5%), from €75,116 to €95,772
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 | €1,528,104 | €1,984,849 | +€456,745 | +29.9% |
| Fixed assets | 21/28 | €281,864 | €235,230 | -€46,634 | -16.5% |
| Tangible fixed assets | 22/27 | €281,864 | €235,230 | -€46,634 | -16.5% |
| Land and buildings | 22 | €277,507 | €220,421 | -€57,085 | -20.6% |
| Furniture and vehicles | 24 | €4,357 | €14,809 | +€10,451 | +239.9% |
| Current assets | 29/58 | €1,246,239 | €1,749,618 | +€503,379 | +40.4% |
| Stocks and contracts in progress | 3 | €912,344 | €1,376,376 | +€464,032 | +50.9% |
| Stocks | 30/36 | €912,344 | €1,376,376 | +€464,032 | +50.9% |
| Amounts receivable within one year | 40/41 | €0 | €8,512 | +€8,512 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €8,512 | +€8,512 | |
| Cash at bank and in hand | 54/58 | €332,484 | €361,096 | +€28,612 | +8.6% |
| Deferred charges and accrued income | 490/1 | €1,411 | €3,635 | +€2,224 | +157.6% |
| Total equity and liabilities | 10/49 | €1,528,104 | €1,984,849 | +€456,745 | +29.9% |
| Equity | 10/15 | €483,265 | €675,955 | +€192,691 | +39.9% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €420,265 | €612,955 | +€192,691 | +45.8% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,917 | €43,313 | -€2,603 | -5.7% |
| Distributable reserves | 133 | €368,048 | €563,342 | +€195,294 | +53.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €2,793 | €1,925 | -€869 | -31.1% |
| Deferred taxes | 168 | €2,793 | €1,925 | -€869 | -31.1% |
| Amounts payable | 17/49 | €1,042,046 | €1,306,969 | +€264,923 | +25.4% |
| Amounts payable after more than one year | 17 | €209,564 | €169,093 | -€40,472 | -19.3% |
| Financial debts | 170/4 | €209,564 | €169,093 | -€40,472 | -19.3% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €669,427 | €1,124,721 | +€455,294 | +68.0% |
| Current portion of amounts payable after more than one year | 42 | €39,776 | €40,472 | +€696 | +1.7% |
| Financial debts | 43 | €525,000 | €1,000,000 | +€475,000 | +90.5% |
| Credit institutions | 430/8 | €525,000 | €1,000,000 | +€475,000 | +90.5% |
| Trade debts | 44 | €5,557 | €36,477 | +€30,920 | +556.4% |
| Suppliers | 440/4 | €5,557 | €36,477 | +€30,920 | +556.4% |
| Taxes, remuneration and social security | 45 | €35,116 | €47,772 | +€12,656 | +36.0% |
| Taxes | 450/3 | €35,116 | €47,772 | +€12,656 | +36.0% |
| Other amounts payable | 47/48 | €63,978 | €0 | -€63,978 | -100.0% |
| Accrued charges and deferred income | 492/3 | €163,055 | €13,155 | -€149,899 | -91.9% |
| Non-recurring operating income | 76A | €1,175 | €660 | -€515 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,144 | €11,150 | -€994 | -8.2% |
| Other operating charges | 640/8 | €6,307 | €5,737 | -€570 | -9.0% |
| Gross operating margin | 9900 | €275,246 | €309,647 | +€34,401 | +12.5% |
| Operating profit (loss) | 9901 | €256,796 | €292,760 | +€35,965 | +14.0% |
| Financial income | 75/76B | €1 | €2,537 | +€2,537 | +478601.9% |
| Recurring financial income | 75 | €1 | €2,537 | +€2,537 | +478601.9% |
| Financial charges | 65/66B | €35,244 | €7,703 | -€27,540 | -78.1% |
| Recurring financial charges | 65 | €35,244 | €7,703 | -€27,540 | -78.1% |
| Profit (loss) for the period before taxes | 9903 | €221,552 | €287,594 | +€66,041 | +29.8% |
| Transfer from deferred taxes | 780 | €867 | €867 | = | 0.0% |
| Income taxes | 67/77 | €75,116 | €95,772 | +€20,656 | +27.5% |
| Profit (loss) for the period | 9904 | €147,304 | €192,689 | +€45,386 | +30.8% |
| Transfer from tax-exempt reserves | 789 | €2,605 | €2,605 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €149,908 | €195,294 | +€45,386 | +30.3% |
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 3 October 2026 via checked.be.