SINAN: 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.
SINAN
Largest movements
- Receivables within one year -€75,476
down €75,476 (-99.0%), from €76,214 to €738
of which Trade receivables: -€72,000
- Cash -€2,069
down €2,069 (-36.9%), from €5,601 to €3,532
mainly Net result for the year (-€39,047) and Tax, wage and social debts (-€17,756)
- Profit (loss) carried forward -€39,047
down €39,047, from €31,932 to -€7,114
- Tax, wage and social debts -€17,756
down €17,756 (-68.4%), from €25,964 to €8,208
of which Remuneration and social security: -€20,130
- Other debts -€13,929
down €13,929 (-98.7%), from €14,106 to €177
- Trade debts -€6,813
no longer reported in 2025 (was €6,813)
- Purchases and services -€414,558
no longer reported in 2025 (was €414,558)
- Gross operating margin -€409,366
down €409,366, from €398,516 to -€10,850
- Staff costs -€226,953
down €226,953 (-93.2%), from €243,483 to €16,530
- Taxes +€8,208
new in 2025: €8,208
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.
Derived cash bridge
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 | €81,815 | €4,271 | -€77,545 | -94.8% |
| Current assets | 29/58 | €81,815 | €4,271 | -€77,545 | -94.8% |
| Amounts receivable within one year | 40/41 | €76,214 | €738 | -€75,476 | -99.0% |
| Trade receivables | 40 | €72,000 | - | -€72,000 | |
| Other amounts receivable | 41 | €4,214 | €738 | -€3,476 | -82.5% |
| Cash at bank and in hand | 54/58 | €5,601 | €3,532 | -€2,069 | -36.9% |
| Total equity and liabilities | 10/49 | €81,815 | €4,271 | -€77,545 | -94.8% |
| Equity | 10/15 | €34,932 | -€4,114 | -€39,047 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,932 | -€7,114 | -€39,047 | |
| Amounts payable | 17/49 | €46,883 | €8,385 | -€38,498 | -82.1% |
| Amounts payable within one year | 42/48 | €46,883 | €8,385 | -€38,498 | -82.1% |
| Trade debts | 44 | €6,813 | - | -€6,813 | |
| Suppliers | 440/4 | €6,813 | - | -€6,813 | |
| Taxes, remuneration and social security | 45 | €25,964 | €8,208 | -€17,756 | -68.4% |
| Taxes | 450/3 | €5,834 | €8,208 | +€2,375 | +40.7% |
| Remuneration and social security | 454/9 | €20,130 | - | -€20,130 | |
| Other amounts payable | 47/48 | €14,106 | €177 | -€13,929 | -98.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €414,558 | - | -€414,558 | |
| Remuneration, social security and pensions | 62 | €243,483 | €16,530 | -€226,953 | -93.2% |
| Other operating charges | 640/8 | €1,344 | €959 | -€385 | -28.6% |
| Non-recurring operating charges | 66A | €120,324 | - | -€120,324 | |
| Gross operating margin | 9900 | €398,516 | -€10,850 | -€409,366 | |
| Operating profit (loss) | 9901 | €33,366 | -€28,338 | -€61,704 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €1,435 | €2,500 | +€1,065 | +74.2% |
| Recurring financial charges | 65 | €1,435 | €2,500 | +€1,065 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €31,932 | -€30,839 | -€62,771 | |
| Income taxes | 67/77 | - | €8,208 | +€8,208 | |
| Profit (loss) for the period | 9904 | €31,932 | -€39,047 | -€70,979 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,932 | -€39,047 | -€70,979 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.