S.I.P.: 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.
S.I.P.
Largest movements
- Tangible fixed assets +€27,787
up €27,787 (+1,282%), from €2,167 to €29,954
- Cash +€9,448
up €9,448 (+53.8%), from €17,560 to €27,007
mainly Trade debts (+€134,386) and Other debts (+€41,992)
- Profit (loss) carried forward -€139,193
down €139,193 (-1,151%), from -€12,089 to -€151,281
- Trade debts +€134,386
up €134,386 (+50.9%), from €264,102 to €398,488
- Other debts +€41,992
up €41,992 (+223%), from €18,868 to €60,860
- Gross operating margin -€113,592
down €113,592, from €100,579 to -€13,013
- Staff costs +€24,784
up €24,784 (+27.0%), from €91,807 to €116,590
- Financial income -€7,570
no longer reported in 2024 (was €7,570)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,404 | €345,189 | +€36,785 | +11.9% |
| Fixed assets | 21/28 | €2,617 | €29,954 | +€27,337 | +1,045% |
| Intangible fixed assets | 21 | €450 | - | -€450 | |
| Tangible fixed assets | 22/27 | €2,167 | €29,954 | +€27,787 | +1,282% |
| Furniture and vehicles | 24 | €2,167 | €29,954 | +€27,787 | +1,282% |
| Current assets | 29/58 | €305,788 | €315,235 | +€9,448 | +3.1% |
| Amounts receivable after more than one year | 29 | €268,451 | €268,451 | = | 0.0% |
| Other amounts receivable | 291 | €268,451 | €268,451 | = | 0.0% |
| Stocks and contracts in progress | 3 | €19,777 | €19,777 | = | 0.0% |
| Stocks | 30/36 | €19,777 | €19,777 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €17,560 | €27,007 | +€9,448 | +53.8% |
| Total equity and liabilities | 10/49 | €308,404 | €345,189 | +€36,785 | +11.9% |
| Equity | 10/15 | €711 | -€138,481 | -€139,193 | |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,089 | -€151,281 | -€139,193 | -1,151% |
| Amounts payable | 17/49 | €307,693 | €483,671 | +€175,978 | +57.2% |
| Amounts payable within one year | 42/48 | €307,693 | €483,671 | +€175,978 | +57.2% |
| Trade debts | 44 | €264,102 | €398,488 | +€134,386 | +50.9% |
| Suppliers | 440/4 | €264,102 | €398,488 | +€134,386 | +50.9% |
| Taxes, remuneration and social security | 45 | €24,723 | €24,323 | -€400 | -1.6% |
| Taxes | 450/3 | €12,299 | €24,323 | +€12,023 | +97.8% |
| Remuneration and social security | 454/9 | €12,424 | - | -€12,424 | |
| Other amounts payable | 47/48 | €18,868 | €60,860 | +€41,992 | +223% |
| Remuneration, social security and pensions | 62 | €91,807 | €116,590 | +€24,784 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,400 | €8,007 | +€607 | +8.2% |
| Other operating charges | 640/8 | €533 | €1,403 | +€870 | +163% |
| Gross operating margin | 9900 | €100,579 | -€13,013 | -€113,592 | |
| Operating profit (loss) | 9901 | €840 | -€139,013 | -€139,853 | |
| Financial income | 75/76B | €7,570 | - | -€7,570 | |
| Recurring financial income | 75 | €7,570 | - | -€7,570 | |
| Financial charges | 65/66B | €182 | €180 | -€3 | -1.5% |
| Recurring financial charges | 65 | €182 | €180 | -€3 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €8,228 | -€139,193 | -€147,420 | |
| Profit (loss) for the period | 9904 | €8,228 | -€139,193 | -€147,420 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,228 | -€139,193 | -€147,420 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.