Sinvesco: 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.
Sinvesco
Largest movements
- Receivables within one year +€529,118
up €529,118 (+627.9%), from €84,264 to €613,383
of which Other amounts receivable: +€518,228
- Cash +€95,963
up €95,963 (+2352.1%), from €4,080 to €100,043
mainly Contributions, distributions and other (+€659,500) and Trade debts (+€1,802)
- Equity +€636,209
up €636,209 (+154.3%), from €412,288 to €1.0m
- Gross operating margin +€39,273
up €39,273 (+56.5%), from -€69,552 to -€30,280
- Financial income +€1,367
up €1,367 (+17.8%), from €7,688 to €9,054
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 | €418,409 | €1,052,918 | +€634,509 | +151.6% |
| Fixed assets | 21/28 | €166 | €9,594 | +€9,428 | +5676.7% |
| Tangible fixed assets | 22/27 | €166 | €714 | +€548 | +329.9% |
| Furniture and vehicles | 24 | €166 | €714 | +€548 | +329.9% |
| Financial fixed assets | 28 | - | €8,880 | +€8,880 | |
| Current assets | 29/58 | €418,243 | €1,043,324 | +€625,081 | +149.5% |
| Amounts receivable after more than one year | 29 | €329,899 | €329,899 | = | 0.0% |
| Trade receivables | 290 | €329,899 | €329,899 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €84,264 | €613,383 | +€529,118 | +627.9% |
| Trade receivables | 40 | €3,630 | €14,520 | +€10,890 | +300.0% |
| Other amounts receivable | 41 | €80,634 | €598,863 | +€518,228 | +642.7% |
| Cash at bank and in hand | 54/58 | €4,080 | €100,043 | +€95,963 | +2352.1% |
| Total equity and liabilities | 10/49 | €418,409 | €1,052,918 | +€634,509 | +151.6% |
| Equity | 10/15 | €412,288 | €1,048,497 | +€636,209 | +154.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €708,498 | €708,498 | = | 0.0% |
| Distributable reserves | 133 | €708,498 | €708,498 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,090 | €333,799 | -€23,291 | -6.5% |
| Advance to shareholders on the distribution of net assets | 19 | €659,500 | - | -€659,500 | |
| Amounts payable | 17/49 | €6,121 | €4,421 | -€1,700 | -27.8% |
| Amounts payable within one year | 42/48 | €6,121 | €4,421 | -€1,700 | -27.8% |
| Trade debts | 44 | €584 | €2,386 | +€1,802 | +308.9% |
| Suppliers | 440/4 | €584 | €2,386 | +€1,802 | +308.9% |
| Taxes, remuneration and social security | 45 | €5,538 | €2,035 | -€3,502 | -63.2% |
| Taxes | 450/3 | €5,538 | €2,035 | -€3,502 | -63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €371 | €426 | +€55 | +14.8% |
| Other operating charges | 640/8 | €972 | €1,423 | +€452 | +46.5% |
| Gross operating margin | 9900 | -€69,552 | -€30,280 | +€39,273 | +56.5% |
| Operating profit (loss) | 9901 | -€70,895 | -€32,129 | +€38,766 | +54.7% |
| Financial income | 75/76B | €7,688 | €9,054 | +€1,367 | +17.8% |
| Recurring financial income | 75 | €7,688 | €9,054 | +€1,367 | +17.8% |
| Financial charges | 65/66B | €251 | €226 | -€26 | -10.3% |
| Recurring financial charges | 65 | €251 | €226 | -€26 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€63,458 | -€23,300 | +€40,158 | +63.3% |
| Income taxes | 67/77 | €244 | -€9 | -€253 | |
| Profit (loss) for the period | 9904 | -€63,702 | -€23,291 | +€40,411 | +63.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,702 | -€23,291 | +€40,411 | +63.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.