SI BEL SO: 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.
SI BEL SO
Largest movements
- Cash +€19,245
up €19,245 (+131%), from €14,646 to €33,891
mainly Other debts (+€30,014) and Receivables within one year (+€18,797)
- Receivables within one year -€18,797
down €18,797 (-37.4%), from €50,289 to €31,492
- Deferred charges and accrued income -€1,567
down €1,567 (-52.2%), from €3,000 to €1,433
- Other debts +€30,014
up €30,014 (+10.3%), from €290,085 to €320,099
- Tax, wage and social debts -€20,723
down €20,723 (-40.5%), from €51,122 to €30,399
of which Remuneration and social security: -€21,178
- Trade debts -€8,176
down €8,176 (-66.5%), from €12,301 to €4,124
- Profit (loss) carried forward -€2,989
down €2,989 (-1.0%), from -€306,822 to -€309,811
- Staff costs -€176,244
down €176,244 (-40.8%), from €431,495 to €255,252
- Gross operating margin -€163,870
down €163,870 (-38.5%), from €425,329 to €261,459
- Other operating charges -€32,317
down €32,317 (-83.3%), from €38,774 to €6,457
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 | €69,716 | €68,048 | -€1,668 | -2.4% |
| Fixed assets | 21/28 | €1,781 | €1,231 | -€550 | -30.9% |
| Tangible fixed assets | 22/27 | €1,781 | €1,231 | -€550 | -30.9% |
| Other tangible fixed assets | 26 | €1,781 | €1,231 | -€550 | -30.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €67,935 | €66,817 | -€1,118 | -1.6% |
| Amounts receivable within one year | 40/41 | €50,289 | €31,492 | -€18,797 | -37.4% |
| Trade receivables | 40 | €50,289 | €31,492 | -€18,797 | -37.4% |
| Cash at bank and in hand | 54/58 | €14,646 | €33,891 | +€19,245 | +131% |
| Deferred charges and accrued income | 490/1 | €3,000 | €1,433 | -€1,567 | -52.2% |
| Total equity and liabilities | 10/49 | €69,716 | €68,048 | -€1,668 | -2.4% |
| Equity | 10/15 | -€298,762 | -€301,751 | -€2,989 | -1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€306,822 | -€309,811 | -€2,989 | -1.0% |
| Amounts payable | 17/49 | €368,478 | €369,799 | +€1,321 | +0.4% |
| Amounts payable within one year | 42/48 | €367,228 | €368,299 | +€1,071 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €13,720 | €13,677 | -€43 | -0.3% |
| Credit institutions | 430/8 | €13,720 | €13,677 | -€43 | -0.3% |
| Trade debts | 44 | €12,301 | €4,124 | -€8,176 | -66.5% |
| Suppliers | 440/4 | €12,301 | €4,124 | -€8,176 | -66.5% |
| Taxes, remuneration and social security | 45 | €51,122 | €30,399 | -€20,723 | -40.5% |
| Taxes | 450/3 | €247 | €702 | +€455 | +184% |
| Remuneration and social security | 454/9 | €50,875 | €29,697 | -€21,178 | -41.6% |
| Other amounts payable | 47/48 | €290,085 | €320,099 | +€30,014 | +10.3% |
| Accrued charges and deferred income | 492/3 | €1,250 | €1,500 | +€250 | +20.0% |
| Non-recurring operating income | 76A | €495 | €0 | -€495 | -100% |
| Remuneration, social security and pensions | 62 | €431,495 | €255,252 | -€176,244 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €839 | €550 | -€289 | -34.5% |
| Other operating charges | 640/8 | €38,774 | €6,457 | -€32,317 | -83.3% |
| Non-recurring operating charges | 66A | €1,612 | €0 | -€1,612 | -100% |
| Gross operating margin | 9900 | €425,329 | €261,459 | -€163,870 | -38.5% |
| Operating profit (loss) | 9901 | -€47,392 | -€800 | +€46,592 | +98.3% |
| Financial income | 75/76B | €39 | €1,068 | +€1,029 | +2,664% |
| Recurring financial income | 75 | €39 | €1,068 | +€1,029 | +2,664% |
| Financial charges | 65/66B | €2,348 | €3,257 | +€909 | +38.7% |
| Recurring financial charges | 65 | €2,348 | €3,257 | +€909 | +38.7% |
| Profit (loss) for the period before taxes | 9903 | -€49,702 | -€2,989 | +€46,713 | +94.0% |
| Profit (loss) for the period | 9904 | -€49,702 | -€2,989 | +€46,713 | +94.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,702 | -€2,989 | +€46,713 | +94.0% |
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 14 October 2026 via checked.be.