Sinvestco: what changed
What changed
Sinvestco
NACE 70.100, Activities of head offices
filed annual accounts (NBB)
Net result for the year
€127,508
2024 · €125,535+€1,973
Equity
€318,132
2024 · €190,623+€127,508
Cash
€207,627
2024 · €91,653+€115,974
Balance sheet total
€366,576
2024 · €242,273+€124,302
Largest movements
Assets
- Cash +€115,974
up €115,974 (+127%), from €91,653 to €207,627
mainly Net result for the year (+€127,508) and Depreciation (+€710)
- Receivables within one year +€8,533
up €8,533 (+5.8%), from €148,225 to €156,758
of which Other amounts receivable: +€40,538
Equity and liabilities
- Profit (loss) carried forward +€120,000
new in 2025: €120,000
- Reserves +€7,508
up €7,508 (+4.0%), from €186,623 to €194,132
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€125,535
Gross operating margin
+€1,408
Depreciation
+€1,528
Other operating charges
-€194
Financial income
+€815
Financial charges
-€600
Taxes
-€983
Result 2025
€127,508
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€117,130
Investment
-€1,156
Financing
€0
Cash 2024
€91,653
From operations (derived)
+€117,130
Net result for the year
+€127,508
Depreciation
+€710
Receivables within one year
-€8,533
Deferred charges and accrued income
+€651
Smaller working-capital items
-€203
Tax, wage and social debts
-€3,003
Investment (derived)
-€1,156
Investment in fixed assets (net)
-€1,156
Cash 2025
€207,627
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,273 | €366,576 | +€124,302 | +51.3% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,744 | €2,190 | +€446 | +25.6% |
| Tangible fixed assets | 22/27 | €1,744 | €2,190 | +€446 | +25.6% |
| Furniture and vehicles | 24 | €1,744 | €2,190 | +€446 | +25.6% |
| Current assets | 29/58 | €240,529 | €364,386 | +€123,856 | +51.5% |
| Amounts receivable within one year | 40/41 | €148,225 | €156,758 | +€8,533 | +5.8% |
| Trade receivables | 40 | €148,225 | €116,220 | -€32,005 | -21.6% |
| Other amounts receivable | 41 | - | €40,538 | +€40,538 | |
| Cash at bank and in hand | 54/58 | €91,653 | €207,627 | +€115,974 | +127% |
| Deferred charges and accrued income | 490/1 | €651 | €0 | -€651 | -100% |
| Total equity and liabilities | 10/49 | €242,273 | €366,576 | +€124,302 | +51.3% |
| Equity | 10/15 | €190,623 | €318,132 | +€127,508 | +66.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €186,623 | €194,132 | +€7,508 | +4.0% |
| Distributable reserves | 133 | €186,623 | €194,132 | +€7,508 | +4.0% |
| Profit (loss) carried forward | 14 | - | €120,000 | +€120,000 | |
| Amounts payable | 17/49 | €51,650 | €48,444 | -€3,206 | -6.2% |
| Amounts payable within one year | 42/48 | €51,615 | €48,421 | -€3,194 | -6.2% |
| Trade debts | 44 | €301 | €227 | -€74 | -24.7% |
| Suppliers | 440/4 | €301 | €227 | -€74 | -24.7% |
| Taxes, remuneration and social security | 45 | €51,198 | €48,195 | -€3,003 | -5.9% |
| Taxes | 450/3 | €49,079 | €48,195 | -€885 | -1.8% |
| Remuneration and social security | 454/9 | €2,118 | €0 | -€2,118 | -100% |
| Other amounts payable | 47/48 | €117 | €0 | -€117 | -100% |
| Accrued charges and deferred income | 492/3 | €35 | €23 | -€12 | -34.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,238 | €710 | -€1,528 | -68.3% |
| Other operating charges | 640/8 | €505 | €700 | +€194 | +38.5% |
| Gross operating margin | 9900 | €164,554 | €165,963 | +€1,408 | +0.9% |
| Operating profit (loss) | 9901 | €161,811 | €164,553 | +€2,742 | +1.7% |
| Financial income | 75/76B | €11 | €825 | +€815 | +7,542% |
| Recurring financial income | 75 | €11 | €825 | +€815 | +7,542% |
| Financial charges | 65/66B | €115 | €715 | +€600 | +522% |
| Recurring financial charges | 65 | €115 | €715 | +€600 | +522% |
| Profit (loss) for the period before taxes | 9903 | €161,707 | €164,664 | +€2,957 | +1.8% |
| Income taxes | 67/77 | €36,172 | €37,155 | +€983 | +2.7% |
| Profit (loss) for the period | 9904 | €125,535 | €127,508 | +€1,973 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €125,535 | €127,508 | +€1,973 | +1.6% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.