SI Worx: 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 Worx
Largest movements
- Receivables within one year +€4,746
up €4,746 (+45.8%), from €10,359 to €15,105
of which Trade receivables: +€5,161
- Tangible fixed assets -€2,009
down €2,009 (-27.6%), from €7,271 to €5,262
- Cash +€2,003
up €2,003 (+78.3%), from €2,560 to €4,563
mainly Current portion of long-term debt (+€3,393) and Trade debts (+€2,670)
- Stocks and contracts +€2,000
new in 2025: €2,000
- Current portion of long-term debt +€3,393
up €3,393 (+178%), from €1,909 to €5,302
- Other debts -€3,268
down €3,268 (-34.5%), from €9,475 to €6,206
- Trade debts +€2,670
up €2,670 (+124%), from €2,159 to €4,829
- Debts after one year +€2,385
up €2,385 (+110%), from €2,163 to €4,547
- Reserves +€1,223
up €1,223 (+45.7%), from €2,674 to €3,897
- Depreciation -€821
down €821 (-29.0%), from €2,830 to €2,009
- Financial charges -€465
down €465 (-14.8%), from €3,150 to €2,685
- Gross operating margin +€454
up €454 (+6.7%), from €6,772 to €7,225
- Taxes +€176
up €176 (+39.7%), from €444 to €619
- Other operating charges -€77
down €77 (-10.0%), from €770 to €693
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 | €22,823 | €29,401 | +€6,578 | +28.8% |
| Fixed assets | 21/28 | €7,271 | €5,262 | -€2,009 | -27.6% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €7,271 | €5,262 | -€2,009 | -27.6% |
| Furniture and vehicles | 24 | €7,271 | €5,262 | -€2,009 | -27.6% |
| Current assets | 29/58 | €15,552 | €24,139 | +€8,587 | +55.2% |
| Stocks and contracts in progress | 3 | - | €2,000 | +€2,000 | |
| Stocks | 30/36 | - | €2,000 | +€2,000 | |
| Amounts receivable within one year | 40/41 | €10,359 | €15,105 | +€4,746 | +45.8% |
| Trade receivables | 40 | €9,060 | €14,221 | +€5,161 | +57.0% |
| Other amounts receivable | 41 | €1,299 | €884 | -€416 | -32.0% |
| Cash at bank and in hand | 54/58 | €2,560 | €4,563 | +€2,003 | +78.3% |
| Deferred charges and accrued income | 490/1 | €2,633 | €2,471 | -€162 | -6.2% |
| Total equity and liabilities | 10/49 | €22,823 | €29,401 | +€6,578 | +28.8% |
| Equity | 10/15 | €6,674 | €7,897 | +€1,223 | +18.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €2,674 | €3,897 | +€1,223 | +45.7% |
| Distributable reserves | 133 | €2,674 | €3,897 | +€1,223 | +45.7% |
| Amounts payable | 17/49 | €16,149 | €21,504 | +€5,355 | +33.2% |
| Amounts payable after more than one year | 17 | €2,163 | €4,547 | +€2,385 | +110% |
| Financial debts | 170/4 | €2,163 | €4,547 | +€2,385 | +110% |
| Amounts payable within one year | 42/48 | €13,986 | €16,956 | +€2,970 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | €1,909 | €5,302 | +€3,393 | +178% |
| Trade debts | 44 | €2,159 | €4,829 | +€2,670 | +124% |
| Suppliers | 440/4 | €2,159 | €4,829 | +€2,670 | +124% |
| Taxes, remuneration and social security | 45 | €444 | €619 | +€176 | +39.7% |
| Taxes | 450/3 | €444 | €619 | +€176 | +39.7% |
| Other amounts payable | 47/48 | €9,475 | €6,206 | -€3,268 | -34.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,830 | €2,009 | -€821 | -29.0% |
| Other operating charges | 640/8 | €770 | €693 | -€77 | -10.0% |
| Gross operating margin | 9900 | €6,772 | €7,225 | +€454 | +6.7% |
| Operating profit (loss) | 9901 | €3,171 | €4,523 | +€1,352 | +42.6% |
| Financial income | 75/76B | €0 | €4 | +€4 | +1,431% |
| Recurring financial income | 75 | €0 | €4 | +€4 | +1,431% |
| Financial charges | 65/66B | €3,150 | €2,685 | -€465 | -14.8% |
| Recurring financial charges | 65 | €3,150 | €2,685 | -€465 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €21 | €1,843 | +€1,821 | +8,502% |
| Income taxes | 67/77 | €444 | €619 | +€176 | +39.7% |
| Profit (loss) for the period | 9904 | -€422 | €1,223 | +€1,645 | |
| Profit (loss) for the period to be appropriated | 9905 | -€422 | €1,223 | +€1,645 |
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 18 October 2026 via checked.be.