SIAS: 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.
SIAS
Largest movements
- Cash -€28,370
down €28,370 (-23.9%), from €118,931 to €90,561
mainly Debts after one year (-€45,587) and Contributions, distributions and other (-€37,910)
- Tangible fixed assets -€21,911
down €21,911 (-33.4%), from €65,580 to €43,669
- Receivables within one year +€7,167
up €7,167 (+31.8%), from €22,538 to €29,705
of which Trade receivables: +€5,171
- Debts after one year -€45,587
down €45,587 (-59.1%), from €77,181 to €31,594
of which Other amounts payable: -€30,000
- Tax, wage and social debts -€23,114
down €23,114 (-79.9%), from €28,944 to €5,830
of which Taxes: -€25,614
- Reserves +€17,890
up €17,890 (+4.4%), from €402,574 to €420,464
of which Distributable reserves: +€17,890
- Trade debts +€6,356
up €6,356 (+408%), from €1,557 to €7,913
- Gross operating margin +€8,575
up €8,575 (+9.4%), from €91,181 to €99,756
- Taxes +€2,276
up €2,276 (+11.0%), from €20,699 to €22,975
- Financial income +€2,208
up €2,208 (+53.8%), from €4,102 to €6,310
- Financial charges -€1,941
down €1,941 (-38.7%), from €5,021 to €3,080
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 | €542,086 | €498,630 | -€43,456 | -8.0% |
| Fixed assets | 21/28 | €270,580 | €248,669 | -€21,911 | -8.1% |
| Tangible fixed assets | 22/27 | €65,580 | €43,669 | -€21,911 | -33.4% |
| Furniture and vehicles | 24 | €65,580 | €43,669 | -€21,911 | -33.4% |
| Financial fixed assets | 28 | €205,000 | €205,000 | = | 0.0% |
| Current assets | 29/58 | €271,506 | €249,962 | -€21,545 | -7.9% |
| Amounts receivable within one year | 40/41 | €22,538 | €29,705 | +€7,167 | +31.8% |
| Trade receivables | 40 | €20,570 | €25,741 | +€5,171 | +25.1% |
| Other amounts receivable | 41 | €1,968 | €3,964 | +€1,996 | +101% |
| Current investments | 50/53 | €125,000 | €125,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,931 | €90,561 | -€28,370 | -23.9% |
| Deferred charges and accrued income | 490/1 | €5,037 | €4,695 | -€342 | -6.8% |
| Total equity and liabilities | 10/49 | €542,086 | €498,630 | -€43,456 | -8.0% |
| Equity | 10/15 | €415,357 | €433,280 | +€17,924 | +4.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €402,574 | €420,464 | +€17,890 | +4.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €402,574 | €420,464 | +€17,890 | +4.4% |
| Profit (loss) carried forward | 14 | €383 | €417 | +€34 | +8.8% |
| Amounts payable | 17/49 | €126,730 | €65,350 | -€61,380 | -48.4% |
| Amounts payable after more than one year | 17 | €77,181 | €31,594 | -€45,587 | -59.1% |
| Financial debts | 170/4 | €47,181 | €31,594 | -€15,587 | -33.0% |
| Other amounts payable | 178/9 | €30,000 | €0 | -€30,000 | -100% |
| Amounts payable within one year | 42/48 | €45,503 | €30,601 | -€14,901 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €15,002 | €16,859 | +€1,857 | +12.4% |
| Trade debts | 44 | €1,557 | €7,913 | +€6,356 | +408% |
| Suppliers | 440/4 | €1,557 | €7,913 | +€6,356 | +408% |
| Taxes, remuneration and social security | 45 | €28,944 | €5,830 | -€23,114 | -79.9% |
| Taxes | 450/3 | €28,944 | €3,330 | -€25,614 | -88.5% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Accrued charges and deferred income | 492/3 | €4,047 | €3,155 | -€892 | -22.0% |
| Remuneration, social security and pensions | 62 | €135 | - | -€135 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,271 | €23,570 | +€299 | +1.3% |
| Other operating charges | 640/8 | €650 | €606 | -€44 | -6.7% |
| Gross operating margin | 9900 | €91,181 | €99,756 | +€8,575 | +9.4% |
| Operating profit (loss) | 9901 | €67,125 | €75,579 | +€8,454 | +12.6% |
| Financial income | 75/76B | €4,102 | €6,310 | +€2,208 | +53.8% |
| Recurring financial income | 75 | €4,102 | €6,310 | +€2,208 | +53.8% |
| Financial charges | 65/66B | €5,021 | €3,080 | -€1,941 | -38.7% |
| Recurring financial charges | 65 | €5,021 | €3,080 | -€1,941 | -38.7% |
| Profit (loss) for the period before taxes | 9903 | €66,206 | €78,809 | +€12,603 | +19.0% |
| Income taxes | 67/77 | €20,699 | €22,975 | +€2,276 | +11.0% |
| Profit (loss) for the period | 9904 | €45,507 | €55,834 | +€10,326 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €45,507 | €55,834 | +€10,326 | +22.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.