SINENSIS: 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.
SINENSIS
Largest movements
- Cash +€40,226
up €40,226 (+570%), from €7,054 to €47,280
mainly Other debts (+€30,882) and Receivables within one year (+€12,743)
- Receivables within one year -€12,743
no longer reported in 2026 (was €12,743)
- Tangible fixed assets -€5,355
down €5,355 (-16.6%), from €32,177 to €26,822
- Receivables after one year +€2,893
new in 2026: €2,893
- Other debts +€30,882
up €30,882 (+65.9%), from €46,889 to €77,771
- Debts after one year -€16,364
down €16,364 (-22.9%), from €71,612 to €55,248
- Profit (loss) carried forward +€12,087
up €12,087 (+23.8%), from €50,710 to €62,797
- Tax, wage and social debts -€3,300
down €3,300 (-94.3%), from €3,500 to €200
- Gross operating margin +€3,071
up €3,071 (+15.1%), from €20,362 to €23,433
- Financial charges -€498
down €498 (-24.5%), from €2,036 to €1,538
- Taxes +€276
up €276 (+7.3%), from €3,777 to €4,053
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,974 | €276,995 | +€25,021 | +9.9% |
| Fixed assets | 21/28 | €232,177 | €226,822 | -€5,355 | -2.3% |
| Tangible fixed assets | 22/27 | €32,177 | €26,822 | -€5,355 | -16.6% |
| Land and buildings | 22 | €32,177 | €26,822 | -€5,355 | -16.6% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €19,797 | €50,173 | +€30,376 | +153% |
| Amounts receivable after more than one year | 29 | - | €2,893 | +€2,893 | |
| Trade receivables | 290 | - | €2,893 | +€2,893 | |
| Amounts receivable within one year | 40/41 | €12,743 | - | -€12,743 | |
| Trade receivables | 40 | €12,743 | - | -€12,743 | |
| Cash at bank and in hand | 54/58 | €7,054 | €47,280 | +€40,226 | +570% |
| Total equity and liabilities | 10/49 | €251,974 | €276,995 | +€25,021 | +9.9% |
| Equity | 10/15 | €110,403 | €122,490 | +€12,087 | +10.9% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Capital | 10 | €37,184 | €37,184 | = | 0.0% |
| Issued capital | 100 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €22,509 | €22,509 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €3,718 | = | 0.0% |
| Legal reserve | 130 | €3,718 | €3,718 | = | 0.0% |
| Distributable reserves | 133 | €18,791 | €18,791 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,710 | €62,797 | +€12,087 | +23.8% |
| Amounts payable | 17/49 | €141,571 | €154,505 | +€12,934 | +9.1% |
| Amounts payable after more than one year | 17 | €71,612 | €55,248 | -€16,364 | -22.9% |
| Financial debts | 170/4 | €71,612 | €55,248 | -€16,364 | -22.9% |
| Amounts payable within one year | 42/48 | €69,959 | €99,257 | +€29,298 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €16,074 | €16,364 | +€290 | +1.8% |
| Trade debts | 44 | €3,496 | €4,922 | +€1,426 | +40.8% |
| Suppliers | 440/4 | €3,496 | €4,922 | +€1,426 | +40.8% |
| Taxes, remuneration and social security | 45 | €3,500 | €200 | -€3,300 | -94.3% |
| Taxes | 450/3 | €3,500 | €200 | -€3,300 | -94.3% |
| Other amounts payable | 47/48 | €46,889 | €77,771 | +€30,882 | +65.9% |
| Turnover | 70 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,355 | €5,355 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €20,362 | €23,433 | +€3,071 | +15.1% |
| Operating profit (loss) | 9901 | €14,620 | €17,678 | +€3,058 | +20.9% |
| Financial charges | 65/66B | €2,036 | €1,538 | -€498 | -24.5% |
| Recurring financial charges | 65 | €2,036 | €1,538 | -€498 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €12,584 | €16,140 | +€3,556 | +28.3% |
| Income taxes | 67/77 | €3,777 | €4,053 | +€276 | +7.3% |
| Profit (loss) for the period | 9904 | €8,807 | €12,087 | +€3,280 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €8,807 | €12,087 | +€3,280 | +37.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.