BEST SIVIA: 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.
BEST SIVIA
Largest movements
- Receivables within one year +€56,083
up €56,083 (+835%), from €6,719 to €62,802
of which Trade receivables: +€33,752
- Cash +€30,807
up €30,807 (+18.4%), from €167,581 to €198,387
mainly Trade debts (+€61,995) and Net result for the year (+€20,198)
- Stocks and contracts -€20,134
down €20,134 (-47.4%), from €42,500 to €22,366
- Trade debts +€61,995
up €61,995 (+92.2%), from €67,275 to €129,270
- Profit (loss) carried forward +€12,998
up €12,998 (+21.2%), from €61,428 to €74,426
- Tax, wage and social debts -€12,295
down €12,295 (-18.5%), from €66,296 to €54,001
of which Remuneration and social security: -€9,519
- Other debts +€4,947
up €4,947 (+39.7%), from €12,476 to €17,423
- Gross operating margin -€25,254
down €25,254 (-24.9%), from €101,419 to €76,165
- Staff costs -€13,414
down €13,414 (-28.4%), from €47,204 to €33,790
- Financial charges +€8,579
up €8,579 (+93.1%), from €9,219 to €17,798
- Depreciation -€5,291
down €5,291 (-93.4%), from €5,666 to €375
- Taxes -€3,501
down €3,501 (-50.4%), from €6,945 to €3,445
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 | €226,520 | €294,165 | +€67,645 | +29.9% |
| Fixed assets | 21/28 | €9,345 | €8,971 | -€375 | -4.0% |
| Tangible fixed assets | 22/27 | €545 | €171 | -€375 | -68.7% |
| Plant, machinery and equipment | 23 | €545 | €171 | -€375 | -68.7% |
| Financial fixed assets | 28 | €8,800 | €8,800 | = | 0.0% |
| Current assets | 29/58 | €217,175 | €285,195 | +€68,020 | +31.3% |
| Stocks and contracts in progress | 3 | €42,500 | €22,366 | -€20,134 | -47.4% |
| Stocks | 30/36 | €42,500 | €22,366 | -€20,134 | -47.4% |
| Amounts receivable within one year | 40/41 | €6,719 | €62,802 | +€56,083 | +835% |
| Trade receivables | 40 | €4,050 | €37,802 | +€33,752 | +833% |
| Other amounts receivable | 41 | €2,669 | €25,000 | +€22,331 | +837% |
| Cash at bank and in hand | 54/58 | €167,581 | €198,387 | +€30,807 | +18.4% |
| Deferred charges and accrued income | 490/1 | €375 | €1,640 | +€1,265 | +337% |
| Total equity and liabilities | 10/49 | €226,520 | €294,165 | +€67,645 | +29.9% |
| Equity | 10/15 | €80,474 | €93,472 | +€12,998 | +16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €446 | €446 | = | 0.0% |
| Non-distributable reserves | 130/1 | €446 | €446 | = | 0.0% |
| Reserves not available under the articles | 1311 | €446 | €446 | = | 0.0% |
| Profit (loss) carried forward | 14 | €61,428 | €74,426 | +€12,998 | +21.2% |
| Amounts payable | 17/49 | €146,046 | €200,694 | +€54,647 | +37.4% |
| Amounts payable within one year | 42/48 | €146,046 | €200,694 | +€54,647 | +37.4% |
| Trade debts | 44 | €67,275 | €129,270 | +€61,995 | +92.2% |
| Suppliers | 440/4 | €67,275 | €129,270 | +€61,995 | +92.2% |
| Taxes, remuneration and social security | 45 | €66,296 | €54,001 | -€12,295 | -18.5% |
| Taxes | 450/3 | €24,808 | €22,033 | -€2,775 | -11.2% |
| Remuneration and social security | 454/9 | €41,487 | €31,968 | -€9,519 | -22.9% |
| Other amounts payable | 47/48 | €12,476 | €17,423 | +€4,947 | +39.7% |
| Remuneration, social security and pensions | 62 | €47,204 | €33,790 | -€13,414 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,666 | €375 | -€5,291 | -93.4% |
| Other operating charges | 640/8 | €1,891 | €569 | -€1,322 | -69.9% |
| Gross operating margin | 9900 | €101,419 | €76,165 | -€25,254 | -24.9% |
| Operating profit (loss) | 9901 | €46,658 | €41,431 | -€5,227 | -11.2% |
| Financial income | 75/76B | €41 | €9 | -€32 | -77.4% |
| Recurring financial income | 75 | €41 | €9 | -€32 | -77.4% |
| Financial charges | 65/66B | €9,219 | €17,798 | +€8,579 | +93.1% |
| Recurring financial charges | 65 | €9,219 | €17,798 | +€8,579 | +93.1% |
| Profit (loss) for the period before taxes | 9903 | €37,480 | €23,643 | -€13,838 | -36.9% |
| Income taxes | 67/77 | €6,945 | €3,445 | -€3,501 | -50.4% |
| Profit (loss) for the period | 9904 | €30,535 | €20,198 | -€10,337 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,535 | €20,198 | -€10,337 | -33.9% |
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 23 October 2026 via checked.be.