Sinube: 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.
Sinube
Largest movements
- Receivables within one year +€635,624
up €635,624 (+59.3%), from €1.1m to €1.7m
of which Other amounts receivable: +€771,230
- Advances received +€569,883
new in 2025: €569,883
- Reserves +€86,000
up €86,000 (+16.2%), from €529,900 to €615,900
of which Distributable reserves: +€86,000
- Tax, wage and social debts -€59,966
down €59,966 (-35.7%), from €168,125 to €108,160
of which Remuneration and social security: -€63,260
- Trade debts +€56,875
up €56,875 (+19.3%), from €295,352 to €352,227
- Turnover -€595,161
down €595,161 (-15.8%), from €3.8m to €3.2m
- Purchases and services -€328,782
down €328,782 (-11.3%), from €2.9m to €2.6m
- Staff costs -€226,568
down €226,568 (-18.1%), from €1.3m to €1.0m
- Gross operating margin +€191,899
up €191,899 (+20.3%), from €946,354 to €1.1m
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 | €1,113,287 | €1,743,674 | +€630,387 | +56.6% |
| Fixed assets | 21/28 | €11,465 | €11,263 | -€202 | -1.8% |
| Tangible fixed assets | 22/27 | €11,465 | €11,263 | -€202 | -1.8% |
| Plant, machinery and equipment | 23 | €11,465 | €11,263 | -€202 | -1.8% |
| Current assets | 29/58 | €1,101,823 | €1,732,412 | +€630,589 | +57.2% |
| Amounts receivable within one year | 40/41 | €1,072,465 | €1,708,089 | +€635,624 | +59.3% |
| Trade receivables | 40 | €541,321 | €405,715 | -€135,606 | -25.1% |
| Other amounts receivable | 41 | €531,143 | €1,302,374 | +€771,230 | +145.2% |
| Cash at bank and in hand | 54/58 | €11,192 | €10,130 | -€1,062 | -9.5% |
| Deferred charges and accrued income | 490/1 | €18,166 | €14,193 | -€3,973 | -21.9% |
| Total equity and liabilities | 10/49 | €1,113,287 | €1,743,674 | +€630,387 | +56.6% |
| Equity | 10/15 | €592,898 | €678,237 | +€85,340 | +14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €529,900 | €615,900 | +€86,000 | +16.2% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €523,700 | €609,700 | +€86,000 | +16.4% |
| Profit (loss) carried forward | 14 | €998 | €337 | -€660 | -66.2% |
| Provisions and deferred taxes | 16 | €10,368 | €5,183 | -€5,186 | -50.0% |
| Provisions for liabilities and charges | 160/5 | €10,368 | €5,183 | -€5,186 | -50.0% |
| Pensions and similar obligations | 160 | €10,368 | €5,183 | -€5,186 | -50.0% |
| Amounts payable | 17/49 | €510,021 | €1,060,255 | +€550,233 | +107.9% |
| Amounts payable within one year | 42/48 | €463,477 | €1,030,270 | +€566,793 | +122.3% |
| Trade debts | 44 | €295,352 | €352,227 | +€56,875 | +19.3% |
| Suppliers | 440/4 | €295,352 | €352,227 | +€56,875 | +19.3% |
| Advances received on contracts in progress | 46 | - | €569,883 | +€569,883 | |
| Taxes, remuneration and social security | 45 | €168,125 | €108,160 | -€59,966 | -35.7% |
| Taxes | 450/3 | €3,525 | €6,820 | +€3,294 | +93.5% |
| Remuneration and social security | 454/9 | €164,600 | €101,340 | -€63,260 | -38.4% |
| Accrued charges and deferred income | 492/3 | €46,544 | €29,985 | -€16,559 | -35.6% |
| Turnover | 70 | €3,776,842 | €3,181,680 | -€595,161 | -15.8% |
| Non-recurring operating income | 76A | - | €115 | +€115 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,920,111 | €2,591,328 | -€328,782 | -11.3% |
| Remuneration, social security and pensions | 62 | €1,250,416 | €1,023,848 | -€226,568 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,353 | €7,883 | -€470 | -5.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,074 | -€5,186 | -€11,260 | |
| Other operating charges | 640/8 | €8,544 | €6,311 | -€2,233 | -26.1% |
| Non-recurring operating charges | 66A | - | €2,069 | +€2,069 | |
| Gross operating margin | 9900 | €946,354 | €1,138,253 | +€191,899 | +20.3% |
| Operating profit (loss) | 9901 | -€327,032 | €103,329 | +€430,361 | |
| Financial income | 75/76B | €13,597 | €7,167 | -€6,430 | -47.3% |
| Recurring financial income | 75 | €13,597 | €7,167 | -€6,430 | -47.3% |
| Financial charges | 65/66B | €24,689 | €22,433 | -€2,256 | -9.1% |
| Recurring financial charges | 65 | €24,689 | €22,433 | -€2,256 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€338,124 | €88,063 | +€426,187 | |
| Income taxes | 67/77 | €3,403 | €2,724 | -€679 | -20.0% |
| Profit (loss) for the period | 9904 | -€341,527 | €85,340 | +€426,867 | |
| Profit (loss) for the period to be appropriated | 9905 | -€341,527 | €85,340 | +€426,867 |
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 7 October 2026 via checked.be.