De Sio: 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.
De Sio
Largest movements
- Cash +€37,049
up €37,049 (+46.5%), from €79,671 to €116,720
mainly Other debts (+€102,063) and Net result for the year (+€51,314)
- Other debts +€102,063
up €102,063 (+1876.8%), from €5,438 to €107,501
- Reserves -€52,719
down €52,719 (-24.7%), from €213,464 to €160,745
of which Distributable reserves: -€52,719
- Debts after one year -€19,287
down €19,287 (-14.0%), from €138,194 to €118,907
- Tax, wage and social debts +€5,088
up €5,088 (+51.6%), from €9,854 to €14,943
- Depreciation +€2,771
up €2,771 (+18.5%), from €14,975 to €17,746
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 | €399,001 | €431,052 | +€32,051 | +8.0% |
| Fixed assets | 21/28 | €257,951 | €255,291 | -€2,660 | -1.0% |
| Tangible fixed assets | 22/27 | €257,951 | €255,291 | -€2,660 | -1.0% |
| Land and buildings | 22 | €256,664 | €245,383 | -€11,281 | -4.4% |
| Furniture and vehicles | 24 | €1,287 | €9,908 | +€8,622 | +670.0% |
| Current assets | 29/58 | €141,051 | €175,761 | +€34,710 | +24.6% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €60,476 | €57,783 | -€2,693 | -4.5% |
| Trade receivables | 40 | €44,979 | €41,663 | -€3,316 | -7.4% |
| Other amounts receivable | 41 | €15,497 | €16,120 | +€623 | +4.0% |
| Cash at bank and in hand | 54/58 | €79,671 | €116,720 | +€37,049 | +46.5% |
| Deferred charges and accrued income | 490/1 | €904 | €1,258 | +€354 | +39.2% |
| Total equity and liabilities | 10/49 | €399,001 | €431,052 | +€32,051 | +8.0% |
| Equity | 10/15 | €219,664 | €166,945 | -€52,719 | -24.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €213,464 | €160,745 | -€52,719 | -24.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €213,464 | €160,745 | -€52,719 | -24.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €179,338 | €264,107 | +€84,769 | +47.3% |
| Amounts payable after more than one year | 17 | €138,194 | €118,907 | -€19,287 | -14.0% |
| Financial debts | 170/4 | €138,194 | €118,907 | -€19,287 | -14.0% |
| Amounts payable within one year | 42/48 | €41,048 | €145,104 | +€104,057 | +253.5% |
| Current portion of amounts payable after more than one year | 42 | €19,643 | €19,791 | +€148 | +0.8% |
| Financial debts | 43 | €145 | €191 | +€46 | +31.8% |
| Other loans | 439 | €145 | €191 | +€46 | +31.8% |
| Trade debts | 44 | €5,967 | €2,680 | -€3,288 | -55.1% |
| Suppliers | 440/4 | €5,967 | €2,680 | -€3,288 | -55.1% |
| Taxes, remuneration and social security | 45 | €9,854 | €14,943 | +€5,088 | +51.6% |
| Taxes | 450/3 | €9,854 | €14,943 | +€5,088 | +51.6% |
| Other amounts payable | 47/48 | €5,438 | €107,501 | +€102,063 | +1876.8% |
| Accrued charges and deferred income | 492/3 | €96 | €96 | -€0 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,975 | €17,746 | +€2,771 | +18.5% |
| Other operating charges | 640/8 | €2,968 | €3,066 | +€99 | +3.3% |
| Gross operating margin | 9900 | €97,379 | €97,854 | +€474 | +0.5% |
| Operating profit (loss) | 9901 | €79,437 | €77,041 | -€2,396 | -3.0% |
| Financial income | 75/76B | €186 | €173 | -€13 | -7.2% |
| Recurring financial income | 75 | €186 | €173 | -€13 | -7.2% |
| Financial charges | 65/66B | €4,072 | €3,463 | -€609 | -15.0% |
| Recurring financial charges | 65 | €4,072 | €3,463 | -€609 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €75,551 | €73,752 | -€1,800 | -2.4% |
| Income taxes | 67/77 | €21,816 | €22,437 | +€621 | +2.8% |
| Profit (loss) for the period | 9904 | €53,735 | €51,314 | -€2,421 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €53,735 | €51,314 | -€2,421 | -4.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.