SIF Construct: what changed
Two fiscal 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.
SIF Construct
Largest movements
- Stocks and contracts -€57,400
down €57,400 (-100.0%), from €57,400 to €0
- Cash -€8,549
down €8,549 (-90.4%), from €9,460 to €911
mainly Other debts (-€79,870) and Trade debts (-€158)
- Receivables within one year -€3,003
down €3,003 (-100.0%), from €3,003 to €0
- Other debts -€79,870
down €79,870 (-100.0%), from €79,870 to €0
- Profit (loss) carried forward +€11,075
up €11,075 (+12.2%), from -€90,755 to -€79,680
- Gross operating margin +€14,136
up €14,136, from -€2,433 to €11,703
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.
Cash bridge derived
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 | €69,864 | €911 | -€68,953 | -98.7% |
| Current assets | 29/58 | €69,864 | €911 | -€68,953 | -98.7% |
| Stocks and contracts in progress | 3 | €57,400 | €0 | -€57,400 | -100.0% |
| Stocks | 30/36 | €57,400 | €0 | -€57,400 | -100.0% |
| Amounts receivable within one year | 40/41 | €3,003 | €0 | -€3,003 | -100.0% |
| Other amounts receivable | 41 | €3,003 | €0 | -€3,003 | -100.0% |
| Cash at bank and in hand | 54/58 | €9,460 | €911 | -€8,549 | -90.4% |
| Total equity and liabilities | 10/49 | €69,864 | €911 | -€68,953 | -98.7% |
| Equity | 10/15 | -€10,755 | €320 | +€11,075 | |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,755 | -€79,680 | +€11,075 | +12.2% |
| Amounts payable | 17/49 | €80,618 | €591 | -€80,028 | -99.3% |
| Amounts payable within one year | 42/48 | €80,618 | €591 | -€80,028 | -99.3% |
| Trade debts | 44 | €748 | €591 | -€158 | -21.1% |
| Suppliers | 440/4 | €748 | €591 | -€158 | -21.1% |
| Other amounts payable | 47/48 | €79,870 | €0 | -€79,870 | -100.0% |
| Non-recurring operating income | 76A | - | €22,552 | +€22,552 | |
| Other operating charges | 640/8 | €528 | €448 | -€80 | -15.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€2,433 | €11,703 | +€14,136 | |
| Operating profit (loss) | 9901 | -€2,961 | €11,255 | +€14,216 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €180 | €180 | = | 0.0% |
| Recurring financial charges | 65 | €180 | €180 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,141 | €11,075 | +€14,216 | |
| Profit (loss) for the period | 9904 | -€3,141 | €11,075 | +€14,216 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,141 | €11,075 | +€14,216 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.