SI.TO CONSTRUCTION: 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.TO CONSTRUCTION
Largest movements
- Receivables within one year -€38,710
down €38,710 (-62.6%), from €61,862 to €23,152
of which Trade receivables: -€47,189
- Tangible fixed assets -€2,357
down €2,357 (-37.6%), from €6,264 to €3,907
of which Other tangible fixed assets: -€1,274
- Profit (loss) carried forward -€29,526
down €29,526 (-22.4%), from -€131,991 to -€161,517
- Trade debts -€24,573
down €24,573 (-69.4%), from €35,391 to €10,818
- Other debts +€23,624
up €23,624 (+344%), from €6,868 to €30,492
- Tax, wage and social debts -€6,693
down €6,693 (-80.0%), from €8,363 to €1,670
- Current portion of long-term debt -€4,267
no longer reported in 2025 (was €4,267)
- Gross operating margin -€29,654
down €29,654 (-91.1%), from €32,534 to €2,880
- Depreciation -€5,301
down €5,301 (-72.1%), from €7,353 to €2,052
- Other operating charges -€608
down €608 (-78.5%), from €774 to €167
- Financial charges -€426
down €426 (-69.4%), from €614 to €188
- Taxes -€333
no longer reported in 2025 (was €333)
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 | €69,197 | €27,763 | -€41,435 | -59.9% |
| Fixed assets | 21/28 | €6,549 | €4,192 | -€2,357 | -36.0% |
| Tangible fixed assets | 22/27 | €6,264 | €3,907 | -€2,357 | -37.6% |
| Furniture and vehicles | 24 | €1,870 | €787 | -€1,083 | -57.9% |
| Other tangible fixed assets | 26 | €4,394 | €3,120 | -€1,274 | -29.0% |
| Financial fixed assets | 28 | €285 | €285 | = | 0.0% |
| Current assets | 29/58 | €62,648 | €23,571 | -€39,077 | -62.4% |
| Amounts receivable within one year | 40/41 | €61,862 | €23,152 | -€38,710 | -62.6% |
| Trade receivables | 40 | €61,862 | €14,673 | -€47,189 | -76.3% |
| Other amounts receivable | 41 | - | €8,479 | +€8,479 | |
| Cash at bank and in hand | 54/58 | €649 | €419 | -€231 | -35.5% |
| Deferred charges and accrued income | 490/1 | €137 | - | -€137 | |
| Total equity and liabilities | 10/49 | €69,197 | €27,763 | -€41,435 | -59.9% |
| Equity | 10/15 | -€95,691 | -€125,217 | -€29,526 | -30.9% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €3,300 | €3,300 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,300 | €3,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,300 | €3,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,991 | -€161,517 | -€29,526 | -22.4% |
| Amounts payable | 17/49 | €164,888 | €152,980 | -€11,908 | -7.2% |
| Amounts payable after more than one year | 17 | €110,000 | €110,000 | = | 0.0% |
| Other amounts payable | 178/9 | €110,000 | €110,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €54,888 | €42,980 | -€11,908 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €4,267 | - | -€4,267 | |
| Trade debts | 44 | €35,391 | €10,818 | -€24,573 | -69.4% |
| Suppliers | 440/4 | €35,391 | €10,818 | -€24,573 | -69.4% |
| Taxes, remuneration and social security | 45 | €8,363 | €1,670 | -€6,693 | -80.0% |
| Taxes | 450/3 | €8,363 | €1,670 | -€6,693 | -80.0% |
| Other amounts payable | 47/48 | €6,868 | €30,492 | +€23,624 | +344% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,353 | €2,052 | -€5,301 | -72.1% |
| Other operating charges | 640/8 | €774 | €167 | -€608 | -78.5% |
| Non-recurring operating charges | 66A | - | €30,000 | +€30,000 | |
| Gross operating margin | 9900 | €32,534 | €2,880 | -€29,654 | -91.1% |
| Operating profit (loss) | 9901 | €24,407 | -€29,338 | -€53,746 | |
| Financial charges | 65/66B | €614 | €188 | -€426 | -69.4% |
| Recurring financial charges | 65 | €614 | €188 | -€426 | -69.4% |
| Profit (loss) for the period before taxes | 9903 | €23,793 | -€29,526 | -€53,319 | |
| Income taxes | 67/77 | €333 | - | -€333 | |
| Profit (loss) for the period | 9904 | €23,461 | -€29,526 | -€52,987 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,461 | -€29,526 | -€52,987 |
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 25 October 2026 via checked.be.